XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Oct. 01, 2023
Oct. 02, 2022
Cash flows from operating activities    
Net earnings $ 132,026 $ 65,450
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 45,214 46,405
Write-off of assets relating to exit activities 4,146 9,081
Derivatives not designated in hedging relationships:    
Net losses (gains) 1,204 472
Cash (settlements) proceeds 695 (2,015)
Provision for doubtful accounts 1,456 206
Deferred income taxes 46 (126)
Non-cash interest expense 820 974
Stock-based compensation 13,077 11,864
(Gain) loss on disposal of property, plant, and equipment 158 (135)
Changes in assets and liabilities:    
Accounts receivable 93,368 (18,409)
Inventories 10,529 (138,327)
Prepaid and other current assets (13,891) (17,544)
Other assets (1,306) (266)
Accounts payable (57,233) (21,417)
Accrued expenses (44,803) (9,443)
Other liabilities 217 2,929
Net cash provided by (used in) operating activities 185,723 (70,301)
Cash flows from investing activities    
Capital expenditures (35,854) (39,653)
Purchase of business (8,270) 0
Proceeds from termination of net investment hedges 0 43,384
Proceeds from disposal of property, plant, and equipment 2,007 376
Net cash (used in) provided by investing activities (42,117) 4,107
Cash flows from financing activities    
Net (repayments) borrowings on short-term debt (61) (17,067)
Proceeds from Second Amended Revolver borrowings 172,500 244,100
Repayments of Second Amended Revolver borrowings (252,500) (184,100)
Repayments of Second and Third Amended Term Loans (12,736) 0
Financing costs for debt modification 0 (1,096)
Option proceeds, net 9,668 114
Payment of taxes related to net share settlement of equity awards (7,348) (6,257)
Purchase of treasury stock (47,340) (22,907)
Dividends paid to stockholders (16,341) (14,246)
Other 690 568
Net cash (used in) financing activities (153,468) (891)
Effect of exchange rate changes on cash and cash equivalents (9,052) (40,980)
Net decrease in cash and cash equivalents (18,914) (108,065)
Cash and cash equivalents at beginning of period 346,665 402,488
Cash and cash equivalents at end of period $ 327,751 $ 294,423