XML 46 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Mar. 31, 2012
Apr. 02, 2011
Apr. 03, 2010
Cash flows from operating activities          
Net income $ 68,645 $ 24,115 $ 147,364 $ 72,506 $ 39,248
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 13,055 8,501 37,554 25,543 18,843
Loss on disposal of fixed assets 148        
Impairment of long-lived assets     3,292 3,834  
Unrealized foreign exchange (gain) loss (375) 1,507 (2,629) 1,786 (1,965)
Amortization of deferred financing costs 176 94 498 225 229
Amortization of deferred rent 1,207 1,227 4,214 3,020 1,402
Deferred income tax provision (3,891) (9) (7,729) 12,443 11,024
Equity compensation expense 4,982   27,020    
Tax benefits on exercise of share options (6,426)   (32,281)    
Non-cash charges for services provided by former parent 77   1,442    
Change in assets and liabilities:          
Receivables, net 21,725 32,381 (48,399) (14,071) (35,350)
Inventories (61,219) (4,560) (71,151) (50,465) (13,390)
Prepaid expenses and other current assets (8,911) (305) (12,647) (8,990) (4,721)
Other assets 166 (842) (2,284) (664) (1,363)
Accounts payable 15,774 (2,061) 14,888 18,043 4,612
Accrued expenses and other current liabilities 12,256 (15,490) 46,419 37,405 5,149
Other long-term liabilities and deferred credits 1,193 1,367 9,719 9,693 4,832
Net cash provided by operating activities 58,582 45,925 115,290 110,308 28,592
Cash flows from investing activities          
Capital expenditures (17,370) (9,121) (88,187) (57,348) (30,816)
Purchase of intangible assets       (482) (1,359)
Net cash used in investing activities (17,370) (9,121) (88,187) (57,830) (32,175)
Cash flows from financing activities          
Repayments of borrowings under revolving credit agreement (3,226)   (100,855) (225,820) (218,063)
Borrowings under revolving credit agreement 9,803   110,764 194,605 222,603
Bank overdraft       (4,380) 2,903
Proceeds from private placement     9,550    
Exercise of employee share options 2,561   9,672    
Tax benefits on exercise of share options 6,426   32,281    
Distribution to shareholders         (1,862)
Payment of loan to parent       (1,850)  
Payment of deferred financing costs (37)   (2,773) (281)  
Net cash provided by (used in) financing activities 15,527   58,639 (37,726) 5,581
Effect of exchange rate changes on cash and cash equivalents (1,018) 329 (453) 649 1,206
Net increase in cash and cash equivalents 55,721 37,133 85,289 15,401 3,204
Beginning of period 106,354 21,065 21,065 5,664 2,460
End of period 162,075 58,198 106,354 21,065 5,664
Supplemental disclosures of cash flow information          
Cash paid for interest 95 128 1,266 1,202 1,573
Cash paid for income taxes 16,418 20,728 84,389 27,252 4,730
Supplemental disclosure of noncash investing and financing activities          
Accrued capital expenditures 13,455 3,488 6,869 3,538 2,519
Property, Plant and Equipment, Other Types
         
Adjustments to reconcile net income to net cash provided by operating activities:          
Impairment of long-lived assets     3,292 2,052 42
Impairment of Intangible Assets
         
Adjustments to reconcile net income to net cash provided by operating activities:          
Impairment of long-lived assets       $ 1,782