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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 24, 2021
Sep. 25, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 60,930 $ 14,472
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,511 24,026
Amortization of deferred financing costs 25 0
Deferred income taxes (2,246) 1,307
Stock-based compensation 11,027 1,025
(Gain) loss on disposal of assets (330) 293
Loss on contingent consideration change in fair value 600 0
Provisions for inventory and credit losses/bad debt 2,869 209
Unrealized gains on marketable securities (978) 0
Changes in operating assets and liabilities:    
Trade accounts receivable (2,299) 6,196
Accounts receivable - other 181 (1,292)
Inventories 4,415 (8,772)
Prepaid expenses and other assets (6,761) (16,725)
Trade accounts payable (6,188) 2,793
Due to/from related parties 1,312 10,731
Accrued expenses and other current and long-term liabilities (17,192) (5,623)
Net cash provided by operating activities 69,876 28,640
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (33,821) (18,091)
Acquisition of business, net of cash acquired (12,549) (8,500)
Proceeds from sales of property, plant and equipment 27,407 282
Investments in marketable securities (4,334) 0
Contribution of cash balances due to divestiture of subsidiary 0 (16,335)
Net cash used in investing activities (23,297) (42,644)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock under employee stock purchase plan 1,291 0
Net cash provided by financing activities 1,291 0
Effect of exchange rate changes on Cash and cash equivalents and Restricted cash 3,939 2,480
Net increase in Cash and cash equivalents and Restricted cash 51,809 (11,524)
Cash and cash equivalents and Restricted cash at beginning of period 203,875 219,876
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD: 255,684 208,352
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH:    
Cash and cash equivalents 248,579 201,998
Restricted cash 7,105 6,354
Cash and cash equivalents and Restricted cash 255,684 208,352
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for interest 269 107
Cash paid for income taxes 7,993 6,385
Noncash transactions:    
Changes in Trade accounts payable related to Property, plant and equipment, net (3,183) (4,000)
Loans to cover purchase of common stock under employee stock plan 0 171
Recognition of right of use assets and lease liability upon adoption of new accounting standard $ 356 $ 0