XML 19 R7.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 28, 2024
Dec. 23, 2023
Operating activities    
Net income $ 16,093 $ 33,871
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 52,362 54,437
Share-based compensation expense 2,682 2,513
Gain on disposal of assets (3,959) (1,579)
Impairment of long-lived assets 1,551  
Deferred income tax expense 5,660 9,557
Change in operating assets and liabilities    
Accounts receivable (369) (1,140)
Federal and state income taxes receivable (3,485) (1,349)
Inventory (22,202) (12,709)
Other current assets 179 6,388
Other non-current assets 30,419 30,837
Accounts payable 64,830 25,606
Accrued expenses (11,460) 12,984
Other long-term liabilities (29,313) (28,953)
Cash provided by operating activities 102,988 130,463
Investing activities    
Capital expenditures (20,674) (18,892)
Deferred proceeds received from divestiture 8,521 15,839
Proceeds from the disposal of assets 12,265 2,793
Other   (25)
Cash provided by (used for) investing activities 112 (285)
Financing activities    
Proceeds from borrowings 148,224 99,103
Principal payments on long-term debt, finance leases and financing obligations (220,812) (139,496)
Dividends paid (25,822) (26,796)
Deferred financing costs (670)  
Excise tax on repurchase of stock paid (420)  
Repurchase of stock   (44,044)
Exercise of stock options   17
Cash used for financing activities (99,500) (111,216)
Increase in cash and equivalents 3,600 18,962
Cash and equivalents at beginning of period 6,561 4,884
Cash and equivalents at end of period 10,161 23,846
Supplemental information    
Leased assets obtained (reduced) in exchange for new (reduced) finance lease liabilities 15,314 (4,539)
Leased assets obtained in exchange for new operating lease liabilities $ 16,326 $ 21,577