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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Oct. 03, 2021
Oct. 04, 2020
Cash flows from operating activities    
Net earnings $ 79,555 $ 70,914
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 48,340 47,059
Write-off of assets relating to exit activities 3,756 1,753
Derivatives not designated in hedging relationships:    
Net gains (117) (372)
Cash proceeds 147 846
Provision for doubtful accounts 1,240 182
Deferred income taxes 108 (1,820)
Non-cash interest expense 1,133 1,036
Stock-based compensation 9,424 10,586
(Gain) loss on disposal of property, plant, and equipment (37) 156
Changes in assets and liabilities:    
Accounts receivable 15,914 106,581
Inventories (125,479) 21,080
Prepaid and other current assets (18,969) 7,369
Other assets 1,686 3,132
Accounts payable (32,694) (49,557)
Accrued expenses (48,013) 1,282
Other liabilities (1,565) (2,954)
Net cash (used in) provided by operating activities (65,571) 217,273
Cash flows from investing activities    
Capital expenditures (34,622) (39,905)
Proceeds from disposal of facility 3,268 0
Proceeds from disposal of property, plant, and equipment 133 81
Net cash used in investing activities (31,221) (39,824)
Cash flows from financing activities    
Net borrowings (repayments) on short-term debt 2,155 (16,502)
Proceeds from Second Amended Revolver borrowings 275,700 45,000
Repayments of Second Amended Revolver borrowings (5,700) (100,000)
Repayments of Second Amended Term Loan (161,447) (16,837)
Debt issuance costs (2,952) 0
Option proceeds, net 1,158 1,766
Payment of taxes related to net share settlement of equity awards (9,000) (4,602)
Purchase of treasury stock (31,512) 0
Dividends paid to stockholders (14,891) (14,879)
Other 393 255
Net cash provided by (used in) financing activities 53,904 (105,799)
Effect of exchange rate changes on cash and cash equivalents (1,414) 15,603
Net (decrease) increase in cash and cash equivalents (44,302) 87,253
Cash and cash equivalents at beginning of period 451,808 326,979
Cash and cash equivalents at end of period $ 407,506 $ 414,232