XML 23 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 26, 2016
Mar. 28, 2015
Mar. 29, 2014
Cash flows from operating activities:      
Net income $ 66,805 $ 61,799 $ 54,459
Adjustments to reconcile net income to net cash provided by operating activities -      
Depreciation and amortization 39,769 35,721 31,688
Stock-based compensation expense 2,750 3,264 3,551
Excess tax benefits from share-based payment arrangements (8) (121) (195)
Net change in deferred income taxes 6,589 6,338 4,520
Gain on bargain purchase 0 (386) (217)
(Gain) loss on disposal of assets (41) 265 373
Change in operating assets and liabilities (excluding acquisitions):      
Trade receivables (1,477) 168 107
Inventories 1,555 805 (5,192)
Other current assets (6,847) 2,622 5,149
Other non-current assets 2,886 (498) 1,844
Trade payables 7,079 9,599 (7,685)
Accrued expenses 2,414 2,937 3,656
Federal and state income taxes payable 6,212 4,764 2,031
Other long-term liabilities (1,399) (1,037) 491
Long-term income taxes payable 217 109 (637)
Total adjustments 59,699 64,550 39,484
Net cash provided by operating activities 126,504 126,349 93,943
Cash flows from investing activities:      
Capital expenditures (36,834) (34,750) (32,150)
Acquisitions, net of cash acquired (49,018) (84,367) (27,467)
Proceeds from the disposal of assets 2,625 409 3,916
Net cash used for investing activities (83,227) (118,708) (55,701)
Cash flows from financing activities:      
Proceeds from borrowings 336,942 343,561 304,321
Principal payments on long-term debt, capital leases and financing obligations (366,707) (336,617) (333,174)
Exercise of stock options 8,602 8,664 4,314
Excess tax benefits from share-based payment arrangements 8 121 195
Dividends paid (19,687) (16,845) (14,156)
Deferred financing costs (2,180)    
Net cash used for financing activities (43,022) (1,116) (38,500)
Increase (decrease) in cash 255 6,525 (258)
Cash at beginning of year 7,730 1,205 1,463
Cash at end of year $ 7,985 $ 7,730 $ 1,205