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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 26, 2015
Dec. 27, 2014
Cash flows from operating activities    
Net income $ 661,369 $ 698,381
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 132,731 100,554
Equity compensation expense 38,705 33,445
Deferred income taxes (971) (8,636)
Amortization of deferred rent 1,984 3,933
Loss on disposal of fixed assets 2,277 1,802
Amortization of deferred financing costs 637 560
Tax benefits on exercise of share options (10,815) (40,220)
Foreign currency losses 3,684 165
Loss on joint venture 982 242
Change in assets and liabilities:    
Receivables, net 55,140 (22,548)
Inventories (65,611) (125,251)
Prepaid expenses and other current assets 34,248 (42,340)
Other assets (428) (8,993)
Accounts payable 47,193 34,881
Accrued expenses and other current liabilities 50,026 63,728
Other long-term liabilities 9,574 19,297
Net cash provided by operating activities 960,725 709,000
Cash flows from investing activities    
Capital expenditures (290,206) (282,733)
Purchase of intangible assets (9,414) (26,150)
Cash received, net of cash consideration paid to obtain controlling interest in MK Panama 4,104 0
Investments in joint venture (982) (2,940)
Net cash used in investing activities (296,498) (311,823)
Cash flows from financing activities    
Repayments of debt obligations (198,012) 0
Borrowings under credit facility 192,450 0
Repurchase of treasury shares (952,390) (403,255)
Tax benefits on exercise of share options 10,815 40,220
Exercise of employee share options 6,506 10,060
Other financing activities (28) 0
Net cash used in financing activities (940,659) (352,975)
Effect of exchange rate changes on cash and cash equivalents (5,667) (12,566)
Net (decrease) increase in cash and cash equivalents (282,099) 31,636
Beginning of period 978,922 971,194
End of period 696,823 1,002,830
Supplemental disclosures of cash flow information    
Cash paid for interest 427 537
Cash paid for income taxes 205,846 315,608
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 45,614 $ 25,790