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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net earnings $ 14,136 $ 20,706
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation & amortization 8,581 7,881
Gain on the sale of assets (1,166) (315)
Provision for restructuring 66 263
Loss From equity investment 156 676
Deferred income taxes 497 (1,313)
Changes in operating assets and liabilities:    
Accounts receivable 25,647 48,493
Inventories (71,546) (12,213)
Other current assets (494) (94)
Income taxes 3,764 12,813
Accounts payable, accrued expenses and other 41,979 23,424
Net cash provided by operations 21,620 100,321
Cash flows from investing activities:    
Additions to property, plant and equipment (13,221) (19,230)
Proceeds from the sale of assets 1,400 914
Net cash used in investing activities (11,821) (18,316)
Cash flows from financing activities:    
Long-term debt borrowings 21,539 91,896
Payments on long-term debt (22,532) (164,510)
Other assets (2,500) (6,950)
Payments on financing leases (1,745) (1,536)
Purchase of treasury stock (4,552) 0
Dividends (12) 0
Net cash used in financing activities (9,802) (81,100)
Net (decrease) increase in cash and cash equivalents (3) 905
Cash and cash equivalents, beginning of the period 59,837 10,702
Cash and cash equivalents, end of the period 59,834 11,607
Supplemental disclosures of cash flow information:    
Property, plant and equipment purchased under lease obligations 14,550 2,375
Property, plant and equipment purchased on account $ 382 $ 1,145