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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 25, 2020
Dec. 27, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 9,412 $ 23,776
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,225 47,608
Amortization of deferred financing costs 226 0
Deferred income taxes (17,526) (288)
Stock-based compensation 46,901 1,051
Loss on disposal of assets 272 718
Loss on debt extinguishment 9,055 0
Provisions for inventory and bad debt 3,857 3,353
Changes in operating assets and liabilities:    
Trade accounts receivable (5,975) 15,540
Accounts receivable - other 115 657
Inventories 1,118 (341)
Prepaid expenses and other assets (29,655) (6,165)
Trade accounts payable 2,411 1,100
Due to/from related parties 8,283 (20,969)
Accrued expenses and other current and long-term liabilities (1,185) (17,270)
Net cash provided by operating activities 63,534 48,770
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (25,880) (34,997)
Acquisition of business, net of cash acquired (8,500) 0
Proceeds from sales of property, plant and equipment 314 3,936
Contribution of cash balances due to divestiture of subsidiary (16,335) 0
Net cash used in investing activities (50,401) (31,061)
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 0
Repayment of senior secured debt (300,000) 0
Repayment of unsecured credit facilities (33,000) 0
Net cash (used in) provided by financing activities (72,186) 30,000
Effect of exchange rate changes on Cash and cash equivalents and Restricted cash 3,350 (6,452)
Net (decrease) increase in Cash and cash equivalents and Restricted cash (55,703) 41,257
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: 164,173 144,514
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents at beginning of period 214,491 99,743
Restricted cash at beginning of period 5,385 3,514
Cash and cash equivalents and Restricted cash at beginning of period 219,876 103,257
Cash and cash equivalents at end of period 157,653 139,306
Restricted cash at end of period 6,520 5,208
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD: 164,173 144,514
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 2,559 872
Cash paid for income taxes 7,568 12,937
Noncash transactions:    
Changes in Trade accounts payable related to Property, plant and equipment, net (786) (2,663)
Loans to cover purchase of common stock under employee stock plan 171 232
Deconsolidation related to PSL Divestiture (Note 1) $ 0 $ 0