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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 04, 2021
Jul. 05, 2020
Cash flows from operating activities    
Net earnings $ 43,929 $ 35,183
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 24,433 23,657
Write-off of assets relating to exit activities 2,141 471
Derivatives not designated in hedging relationships:    
Net losses (gains) 6 (262)
Cash (settlements) proceeds (14) 467
Provision for doubtful accounts 1,039 96
Deferred income taxes 145 (54)
Non-cash interest expense 518 518
Stock-based compensation 3,659 5,053
Gain on disposal of property, plant, and equipment 4 73
Changes in assets and liabilities:    
Accounts receivable 24,834 92,752
Inventories (46,307) 14,852
Prepaid and other current assets (15,595) 2,672
Other assets 344 718
Accounts payable (36,746) (40,609)
Accrued expenses (50,314) (18,571)
Other liabilities (219) (452)
Net cash (used in) provided by operating activities (48,143) 116,564
Cash flows from investing activities    
Capital expenditures (16,435) (26,330)
Proceeds from disposal of facility 3,268 0
Proceeds from disposal of property, plant, and equipment 49 50
Net cash used in investing activities (13,118) (26,280)
Cash flows from financing activities    
Net borrowings (repayments) on short-term debt 5,512 (987)
Proceeds from 2017 Revolver borrowings 65,700 35,000
Repayments of 2017 Revolver borrowings (5,700) (55,000)
Repayments of 2017 Term Loan (11,447) (8,402)
Option proceeds, net 386 479
Payment of taxes related to net share settlement of equity awards (4,803) (3,135)
Purchase of treasury stock (31,512) 0
Dividends paid to stockholders (7,435) (7,428)
Other 214 11
Net cash provided by (used in) financing activities 10,915 (39,462)
Effect of exchange rate changes on cash and cash equivalents 4,771 6,578
Net (decrease) increase in cash and cash equivalents (45,575) 57,400
Cash and cash equivalents at beginning of period 451,808 326,979
Cash and cash equivalents at end of period $ 406,233 $ 384,379