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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 27, 2015
Jun. 28, 2014
Cash flows from operating activities:    
Net income $ 18,799 $ 16,932
Adjustments to reconcile net income to net cash provided by operating activities -    
Depreciation and amortization 9,631 8,217
Loss on disposal of assets 33 191
Stock-based compensation expense 516 755
Excess tax benefits from share-based payment arrangements (8) (42)
Net change in deferred income taxes 407 200
Change in operating assets and liabilities (excluding acquisitions)    
Trade receivables (1,273) (38)
Inventories (3,242) (970)
Other current assets (1,465) 707
Other non-current assets 416 524
Trade payables 2,906 1,098
Accrued expenses (5,490) 4,113
Federal and state income taxes payable 10,474 2,508
Other long-term liabilities (362) (232)
Long-term income taxes payable 279 143
Total adjustments 12,822 17,174
Net cash provided by operating activities 31,621 34,106
Cash flows from investing activities:    
Capital expenditures (9,442) (8,974)
Acquisitions, net of cash acquired (15,233) (18,360)
Proceeds from the disposal of assets 220 38
Net cash used for investing activities (24,455) (27,296)
Cash flows from financing activities:    
Proceeds from borrowings 86,072 75,412
Principal payments on long-term debt, capital leases and financing obligations (92,538) (78,127)
Exercise of stock options 4,162 1,205
Excess tax benefits from share-based payment arrangements 8 42
Dividends paid (4,889) (4,198)
Net cash used for financing activities (7,185) (5,666)
(Decrease) increase in cash (19) 1,144
Cash at beginning of period 7,730 1,205
Cash at end of period $ 7,711 $ 2,349