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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 28, 2024
Sep. 23, 2023
Operating activities    
Net income $ 11,510 $ 21,701
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 35,238 36,535
Share-based compensation expense 1,497 1,923
Gain on disposal of assets (2,702) (1,401)
Impairment of long-lived assets 1,551  
Deferred income tax expense 3,378 5,699
Change in operating assets and liabilities    
Accounts receivable (1,381) (1,002)
Inventory (7,728) 894
Other current assets 3,084 9,772
Other non-current assets 19,824 17,211
Accounts payable 46,983 18,626
Accrued expenses (952) 7,980
Federal and state income taxes payable (2,436) (561)
Other long-term liabilities (19,669) (19,070)
Cash provided by operating activities 88,197 98,307
Investing activities    
Capital expenditures (13,797) (15,705)
Deferred proceeds received from divestiture 8,521 7,311
Proceeds from the disposal of assets 9,914 1,727
Cash provided by (used for) investing activities 4,638 (6,667)
Financing activities    
Proceeds from borrowings 94,829 39,263
Principal payments on long-term debt, finance leases and financing obligations (154,839) (108,893)
Dividends paid (17,437) (17,858)
Excise tax on repurchase of stock paid (420)  
Deferred financing costs (670)  
Exercise of stock options   17
Cash used for financing activities (78,537) (87,471)
Increase in cash and equivalents 14,298 4,169
Cash and equivalents at beginning of period 6,561 4,884
Cash and equivalents at end of period 20,859 9,053
Supplemental information    
Leased assets obtained (reduced) in exchange for new (reduced) finance lease liabilities 13,256 (4,283)
Leased assets obtained in exchange for new operating lease liabilities $ 12,264 $ 11,149