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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 23, 2023
Sep. 24, 2022
Operating activities    
Net income $ 21,701 $ 25,605
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 36,535 39,360
Share-based compensation expense 1,923 3,044
Gain on disposal of assets (1,401) (1,185)
Gain on divestiture   (2,394)
Deferred income tax expense 5,699 (564)
Change in operating assets and liabilities (excluding acquisitions and divestitures)    
Accounts receivable (1,002) (1,791)
Inventories 894 (6,078)
Other current assets 9,772 (1,392)
Other non-current assets 17,211 18,343
Accounts payable 18,626 52,109
Accrued expenses 7,980 5,426
Federal and state income taxes payable (561) 6,885
Other long-term liabilities (19,070) (17,143)
Long-term income taxes payable   64
Cash provided by operating activities 98,307 120,289
Investing activities    
Capital expenditures (15,705) (19,583)
Acquisitions, net of cash acquired   (311)
Proceeds from divestiture   56,586
Deferred proceeds received from divestiture 7,311  
Proceeds from the disposal of assets 1,727 1,225
Cash (used for) provided by investing activities (6,667) 37,917
Financing activities    
Proceeds from borrowings 39,263 102,176
Principal payments on long-term debt, finance leases and financing obligations (108,893) (168,759)
Repurchase of stock   (71,215)
Exercise of stock options 17  
Dividends paid (17,858) (18,562)
Cash used for financing activities (87,471) (156,360)
Increase in cash and equivalents 4,169 1,846
Cash and equivalents at beginning of period 4,884 7,948
Cash and equivalents at end of period 9,053 9,794
Supplemental information    
Leased assets reduced in exchange for reduced finance lease liabilities (4,283) (9,348)
Leased assets obtained in exchange for new operating lease liabilities $ 11,149 $ 20,179