XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jan. 02, 2022
Jan. 03, 2021
Cash flows from operating activities    
Net earnings $ 115,819 $ 109,538
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 72,322 70,192
Write-off of assets relating to exit activities 3,922 7,292
Derivatives not designated in hedging relationships:    
Net gains (421) (592)
Cash proceeds 342 790
Provision for doubtful accounts 1,933 270
Deferred income taxes (24) (1,785)
Non-cash interest expense 1,620 1,554
Stock-based compensation 15,817 16,982
Gain on disposal of property, plant, and equipment (528) (4,007)
Changes in assets and liabilities:    
Accounts receivable (40,264) 71,077
Inventories (163,747) 28,069
Prepaid and other current assets (18,344) 15,047
Other assets 1,322 3,012
Accounts payable (9,086) (40,933)
Accrued expenses (58,233) 9,839
Other liabilities (480) (14,246)
Net cash (used in) provided by operating activities (78,030) 272,099
Cash flows from investing activities    
Capital expenditures (52,351) (53,742)
Proceeds from disposal of facility 3,268 0
Insurance proceeds relating to property, plant and equipment 0 4,800
Proceeds from disposal of property, plant, and equipment 1,433 145
Net cash used in investing activities (47,650) (48,797)
Cash flows from financing activities    
Net repayments on short-term debt (297) (9,367)
Proceeds from Second Amended Revolver borrowings 424,800 90,000
Repayments of Second Amended Revolver borrowings (39,800) (123,000)
Repayments of Second Amended Term Loan (161,447) (28,194)
Debt issuance costs (2,952) 0
Option proceeds, net 1,273 4,818
Payment of taxes related to net share settlement of equity awards (9,120) (4,959)
Purchase of treasury stock (114,534) 0
Dividends paid to stockholders (22,187) (22,338)
Other 607 466
Net cash provided by (used in) financing activities 76,343 (92,574)
Effect of exchange rate changes on cash and cash equivalents (5,411) 30,944
Net (decrease) increase in cash and cash equivalents (54,748) 161,672
Cash and cash equivalents at beginning of period 451,808 326,979
Cash and cash equivalents at end of period $ 397,060 $ 488,651