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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 26, 2021
Mar. 27, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 18,101 $ 37,105
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 48,307 64,048
Amortization of debt issuance costs 226 0
Deferred income taxes (18,931) (4,909)
Stock-based compensation 49,870 1,435
Loss on disposal of assets 269 698
Loss on debt extinguishment 9,055 0
Change in fair value of contingent consideration (2,500) 0
Impairment of long-lived assets 7,119 0
Provisions for inventory and bad debt 5,019 3,891
Changes in operating assets and liabilities:    
Trade accounts receivable (9,303) 16,441
Accounts receivable - other (28) 346
Inventories 7,641 346
Prepaid expenses and other assets (29,047) 2,629
Trade accounts payable 15,099 (3,122)
Due to/from related parties 4,878 (23,946)
Accrued expenses and other current and long-term liabilities 14,795 (13,543)
Net cash provided by operating activities 120,570 81,419
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (40,673) (45,615)
Acquisition of business, net of cash acquired (11,555) 0
Proceeds from sales of property, plant and equipment 318 3,936
Contribution of cash balances due to divestiture of subsidiary (16,335) 0
Net cash used in investing activities (68,245) (41,679)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Related party note receivable 51,377 30,000
Proceeds from initial public offering, net of underwriting discounts and other offering costs 321,425 0
Payments for taxes related to net share settlement of equity awards (27,707) 0
Dividends paid (400,000) 0
Borrowings of senior secured debt, net of deferred financing costs 315,719 43,000
Repayment of senior secured debt (300,000) 0
Repayment of unsecured credit facilities (33,000) 0
Capital contribution 0 9,500
Net cash (used in) provided by financing activities (72,186) 82,500
Effect of exchange rate changes on Cash and cash equivalents and Restricted cash 3,860 (5,621)
Net (decrease) increase in Cash and cash equivalents and Restricted cash (16,001) 116,619
Cash and cash equivalents and Restricted cash at beginning of period 219,876 103,257
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD: 203,875 219,876
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents and Restricted cash 219,876 219,876
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 2,746 2,448
Cash paid for income taxes 8,908 15,873
Non-cash transactions:    
Changes in Trade accounts payable related to Property, plant and equipment, net (3,226) (1,542)
Assets held for sale transferred from property, plant and equipment, net 25,969 0
Loans to cover purchase of common stock under employee stock plan 171 232
Deconsolidation related to the PSL Divestiture (Note 1) $ 0 $ 0