XML 16 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Cash Flows from Operating Activities:    
Net (loss) income $ (46,844) $ 19,827
Non-cash items:    
Depreciation and amortization 67,721 63,891
Impairment of goodwill and intangible assets 85,048 0
Amortization of financing costs 648 797
Stock-based compensation expense 6,199 10,219
Deferred tax benefit (7,088) 0
Loss on sale of property, plant and equipment 29 612
Unrealized (gain)/loss from hedging activities (2,867) 1,477
Change in fair value of contingent consideration (4,727) 706
Asset write-down 185 1,246
Change in operating assets and liabilities:    
Change in accounts receivable, net (3,608) 14,422
Change in inventories 6,268 (17,906)
Change in prepaid income taxes 997 (219)
Change in other assets and other liabilities 6,622 (18,834)
Tax benefit of exercise of stock options 0 961
Change in accounts payable and accrued expenses (39,971) (5,326)
Net cash provided by operating activities 68,612 71,873
Cash Flows from Investing Activities:    
Capital expenditures (73,871) (100,530)
Proceeds from sale of property, plant and equipment 397 387
Other acquisitions and investments 3,000 0
Net cash used in investing activities (76,474) (100,143)
Cash Flows from Financing Activities:    
Payments on long-term real estate mortgage (845) (778)
Net increase (decrease) in short-term loans 7,143 (357)
Repayment of term loan borrowings (7,114) (8,531)
Proceeds from employee stock purchase plan 4,340 4,763
Proceeds from exercise of stock options 10,489 7,926
Share repurchases (60,984) (38,701)
Net cash used in financing activities (46,971) (35,678)
Effect of exchange rates on cash and cash equivalents (662) (3,321)
Net Change in Cash and Cash Equivalents (55,495) (67,269)
Cash and Cash Equivalents at Beginning of Period 160,662 192,469
Cash and Cash Equivalents at End of Period 105,167 125,200
Supplemental Disclosures of Cash Flow Information:    
Interest paid 6,206 6,271
Income taxes paid 5,884 10,727
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 9,259 $ 5,755