XML 20 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2012
Apr. 02, 2011
Apr. 03, 2010
Cash flows from operating activities      
Net income $ 147,364 $ 72,506 $ 39,248
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 37,554 25,543 18,843
Impairment and write-off of property and equipment 3,292 2,052 42
Impairment of intangible assets   1,782  
Unrealized foreign currency (gain) loss (2,629) 1,786 (1,965)
Amortization of deferred financing costs 498 225 229
Amortization of deferred rent 4,214 3,020 1,402
Deferred income tax provision (7,729) 12,443 11,024
Equity compensation expense 27,020    
Tax benefits on exercise of share options (32,281)    
Non-cash charges for services provided by former parent 1,442    
Change in assets and liabilities:      
Receivables, net (48,399) (14,071) (35,350)
Inventories (71,151) (50,465) (13,390)
Prepaid expenses and other current assets (12,647) (8,990) (4,721)
Other assets (2,284) (664) (1,363)
Accounts payable 14,888 18,043 4,612
Accrued expenses and other current liabilities 46,419 37,405 5,149
Other long-term liabilities and deferred credits 9,719 9,693 4,832
Net cash provided by operating activities 115,290 110,308 28,592
Cash flows from investing activities      
Capital expenditures (88,187) (57,348) (30,816)
Purchase of intangible assets   (482) (1,359)
Net cash used in investing activities (88,187) (57,830) (32,175)
Cash flows from financing activities      
Repayments of borrowings under revolving credit agreement (100,855) (225,820) (218,063)
Borrowings under revolving credit agreement 110,764 194,605 222,603
Bank overdraft   (4,380) 2,903
Proceeds from private placement 9,550    
Exercise of employee share options 9,672    
Tax benefits on exercise of share options 32,281    
Distribution to shareholders     (1,862)
Payment of loan to parent   (1,850)  
Payment of deferred financing costs (2,773) (281)  
Net cash provided by (used in) financing activities 58,639 (37,726) 5,581
Effect of exchange rate changes on cash and cash equivalents (453) 649 1,206
Net increase in cash and cash equivalents 85,289 15,401 3,204
Beginning of period 21,065 5,664 2,460
End of period 106,354 21,065 5,664
Supplemental disclosures of cash flow information      
Cash paid for interest 1,266 1,202 1,573
Cash paid for income taxes 84,389 27,252 4,730
Supplemental disclosure of noncash investing and financing activities      
Accrued capital expenditures $ 6,869 $ 3,538 $ 2,519