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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Operating activities    
Net income $ 12,484 $ 15,681
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 20,100 20,278
Share-based compensation expense 1,153 755
Loss (gain) on disposal of assets 377 (168)
Gain on divestiture (2,394)  
Deferred income tax expense (3,409) 2,931
Change in operating assets and liabilities (excluding acquisitions)    
Accounts receivable (1,038) (98)
Inventories 184 (4,110)
Other current assets (31) (4,853)
Other non-current assets 9,256 7,950
Accounts payable 23,959 9,000
Accrued expenses 11,626 15,648
Federal and state income taxes payable 12,929 7,759
Other long-term liabilities (8,020) (8,114)
Long-term income taxes payable 29 55
Cash provided by operating activities 77,205 62,714
Investing activities    
Capital expenditures (8,213) (5,199)
Acquisitions, net of cash acquired (241) (62,059)
Proceeds from divestiture 56,586  
Proceeds from the disposal of assets 724 429
Other   67
Cash provided by (used for) investing activities 48,856 (66,762)
Financing activities    
Proceeds from borrowings 43,909 77,000
Principal payments on long-term debt, finance leases and financing obligations (120,588) (78,661)
Repurchase of stock (17,216)  
Exercise of stock options   779
Dividends paid (9,466) (8,152)
Cash used for financing activities (103,361) (9,034)
Increase (decrease) in cash and equivalents 22,700 (13,082)
Cash and equivalents at beginning of period 7,948 29,960
Cash and equivalents at end of period 30,648 16,878
Supplemental information    
Leased assets (reduced) obtained in exchange for (reduced) new finance lease liabilities (989) 6,599
Leased assets obtained in exchange for new operating lease liabilities $ 7,878 $ 1,382