XML 34 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Mar. 30, 2019
Cash flows from operating activities      
Net income (loss) $ 84,899,000 $ 58,160,000 $ (58,208,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 17,704,000 18,546,000 16,079,000
Equity-based compensation 6,037,000 8,349,000 101,999,000
Deferred taxes 3,588,000 11,796,000 3,047,000
Amortization of deferred financing fees 506,000 510,000 542,000
(Gain) loss on disposal of property, plant, and equipment (61,000) 239,000 (37,000)
Foreign currency transaction (gain) loss (519,000) 235,000 123,000
Fair market value adjustment to held for sale property   986,000  
Property, plant, and equipment impairment charge 0 550,000 0
Change in assets and liabilities, net of business acquired:      
Accounts receivable (9,305,000) 11,901,000 (2,223,000)
Inventories (31,030,000) (4,491,000) (6,044,000)
Other assets 967,000 (10,616,000) (1,973,000)
Accounts payable 16,371,000 (4,606,000) (3,105,000)
Accrued expenses and other current liabilities 64,740,000 (14,816,000) 15,147,000
Other     (119,000)
Net cash provided by operating activities 153,897,000 76,743,000 65,228,000
Cash flows from investing activities      
Additions to property, plant, and equipment (8,016,000) (15,389,000) (12,092,000)
Cash paid for acquisitions, net of cash acquired (52,548,000)   9,722,000
Proceeds from life insurance policies 1,829,000    
Proceeds from disposal of property, plant, and equipment 1,927,000 196,000 56,000
Proceeds from sale of held for sale property   1,100,000  
Decrease in note receivable     284,000
Net cash used in investing activities (56,808,000) (14,093,000) (2,030,000)
Cash flows from financing activities      
Changes in floor plan financing, net (8,181,000) 592,000 3,496,000
Borrowings on revolving debt facility   38,000,000 46,900,000
Payments on revolving debt facility (38,000,000) (15,000,000) (5,000,000)
Payments on term-loans and other debt     (46,900,000)
Payments for deferred financing fees     (2,169,000)
Members' capital distribution     (65,277,000)
Stock option exercises 55,000 112,000 1,615,000
Tax payments for equity-based compensation (1,687,000) (2,135,000) (5,183,000)
Net cash (used in) provided by financing activities (47,813,000) 21,569,000 (72,518,000)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 3,850,000 (1,398,000) (662,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash 53,126,000 82,821,000 (9,982,000)
Cash, cash equivalents, and restricted cash at beginning of period 209,455,000 126,634,000 136,616,000
Cash, cash equivalents, and restricted cash at end of period 262,581,000 209,455,000 126,634,000
Supplemental disclosures of cash flow information      
Cash paid for interest 3,574,000 4,044,000 4,975,000
Cash paid for income taxes $ 17,540,000 $ 22,312,000 $ 13,537,000