XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Cash flows from operating activities    
Net income $ 143,403 $ 117,557
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 45,801 35,801
Stock-based compensation 8,194 10,429
Amortization of intangible assets 20 41
Noncash lease expense 49,316 40,361
Amortization and write-off of debt issuance fees and debt discount 81 81
Loss on disposal of assets 119 660
Deferred taxes (4,244) 6,689
Changes in operating assets and liabilities:    
Accounts receivable, net (252) 2,905
Inventories (91,165) 26,116
Prepaid expenses and other current assets (1,515) (5,945)
Other assets (676) 855
Accounts payable (3,388) 2,588
Accrued expenses and other current liabilities 80,678 28,476
Other liabilities 655 916
Operating leases (36,340) (27,071)
Net cash provided by operating activities 190,687 240,459
Cash flows from investing activities    
Purchases of property and equipment (108,361) (91,297)
Proceeds from sale of property and equipment 55  
Net cash used in investing activities (108,306) (91,297)
Cash flows from financing activities    
Payments on line of credit, net   (66,043)
Repayments on debt and finance lease obligations (646) (655)
Tax withholding payments for net share settlement (7,617) (2,420)
Proceeds from the exercise of stock options 2,949 8,929
Net cash used in financing activities (5,314) (60,189)
Net increase in cash and cash equivalents 77,067 88,973
Cash and cash equivalents, beginning of period 75,847 18,193
Cash and cash equivalents, end of period 152,914 107,166
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 29,220 45,637
Cash paid for interest 1,047 1,931
Supplemental disclosure of non-cash activities:    
Unpaid purchases of property and equipment $ 28,370 $ 15,427