XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Cash flows from operating activities    
Net income $ 34,253 $ 39,318
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 10,603 8,022
Stock-based compensation 4,953 4,701
Amortization of intangible assets 14 16
Noncash lease expense 13,117 11,119
Amortization and write-off of debt issuance fees and debt discount 27 44
Loss on disposal of assets 176 177
Deferred taxes 727 1,575
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net 1,452 600
Inventories 23,200 (60,080)
Prepaid expenses and other current assets 11,486 (20,630)
Other assets 354 (173)
Accounts payable (24,872) 18,024
Accrued expenses and other current liabilities 158 (21,523)
Other liabilities 498 150
Operating leases (5,344) (7,108)
Net cash provided by/(used in) operating activities 70,802 (25,768)
Cash flows from investing activities    
Purchases of property and equipment (29,895) (20,835)
Net cash used in investing activities (29,895) (20,835)
Cash flows from financing activities    
(Payments)/Borrowings on line of credit, net (39,828) 46,324
Repayments on debt and finance lease obligations (213) (220)
Tax withholding payments for net share settlement (2,305) (4,408)
Proceeds from the exercise of stock options 345 247
Net cash (used in)/provided by financing activities (42,001) 41,943
Net increase/(decrease) in cash and cash equivalents (1,094) (4,660)
Cash and cash equivalents, beginning of period 18,193 20,674
Cash and cash equivalents, end of period 17,099 16,014
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 646 19,226
Cash paid for interest 1,151 534
Supplemental disclosure of non-cash activities:    
Unpaid purchases of property and equipment $ 17,517 $ 17,473