XML 29 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Mar. 26, 2022
Cash flows from operating activities      
Net income $ 146,996 $ 170,553 $ 192,450
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 49,531 35,883 27,280
Stock-based compensation 12,935 9,711 9,475
Amortization of intangible assets 54 62 72
Impairment of intangible assets 2,000    
Noncash lease expense 55,148 47,869 39,286
Amortization and write-off of debt issuance fees and debt discount 108 130 1,878
Loss on disposal of assets 660 334 175
Gain on adjustment of right-of-use assets and lease liabilities     (259)
Deferred taxes 8,773 6,365 4,902
Changes in operating assets and liabilities, net of acquisition:      
Accounts receivable, net 3,282 (2,716) 5,222
Inventories (9,626) (115,194) (198,540)
Prepaid expenses and other current assets 3,515 (11,276) (24,577)
Other assets 613 (2,874) (236)
Accounts payable 425 (2,636) 25,502
Accrued expenses and other current liabilities (6,208) (18,541) 45,229
Other liabilities 1,057 516 (1,192)
Operating leases (33,183) (29,299) (37,803)
Net cash provided by operating activities 236,080 88,887 88,864
Cash flows from investing activities      
Purchases of property and equipment (118,782) (124,534) (60,443)
Net cash used in investing activities (118,782) (124,534) (60,443)
Cash flows from financing activities      
(Payments)/Borrowings on line of credit, net (66,043) 37,494 28,549
Repayments on debt and finance lease obligations (863) (838) (112,304)
Tax withholding payments for net share settlement (2,475) (4,689) (2,904)
Proceeds from the exercise of stock options 9,737 1,199 5,764
Net cash (used in)/provided by financing activities (59,644) 33,166 (80,895)
Net increase/(decrease) in cash and cash equivalents 57,654 (2,481) (52,474)
Cash and cash equivalents, beginning of period 18,193 20,674 73,148
Cash and cash equivalents, end of period 75,847 18,193 20,674
Supplemental disclosures of cash flow information:      
Cash paid for income taxes 57,157 60,171 41,684
Cash paid for interest 2,385 5,835 3,808
Supplemental disclosure of non-cash activities:      
Unpaid purchases of property and equipment $ 17,269 $ 21,487 $ 14,963