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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Cash flows from operating activities    
Net income $ 125.5 $ 146.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47.6 50.4
Equity compensation expense 10.8 9.8
Deferred income taxes 7.1 8.5
Amortization of deferred rent (0.5) 1.1
Loss on disposal of fixed assets 0.9 0.2
Amortization of deferred financing costs 0.2 0.2
Tax deficit (benefit) on exercise of share options 4.9 (0.8)
Foreign currency losses (1.2) 1.3
Change in assets and liabilities:    
Receivables, net 98.2 127.5
Inventories (55.6) (32.4)
Prepaid expenses and other current assets (4.7) 8.0
Other assets 1.1 (0.4)
Accounts payable (23.7) 25.6
Accrued expenses and other current liabilities (18.1) (29.1)
Other long-term liabilities 1.8 7.1
Net cash provided by operating activities 194.3 323.3
Cash flows from investing activities    
Capital expenditures (14.8) (46.9)
Purchase of intangible assets 0.0 (0.2)
Cash paid for business acquisition, net of cash acquired (1.4) (480.6)
Net cash used in investing activities (16.2) (527.7)
Cash flows from financing activities    
Borrowings under revolving credit agreement 409.6 246.6
Repayments under revolving credit agreement (386.9) (2.2)
Repurchases of treasury shares (160.3) (404.4)
Exercises of employee share options 0.1 3.0
Other financing activities (0.2) 0.0
Net cash used in financing activities (137.7) (157.0)
Effect of exchange rate changes on cash and cash equivalents 3.7 (3.5)
Net increase (decrease) in cash and cash equivalents and restricted cash 44.1 (364.9)
Beginning of period (including restricted cash of $1.9 million at April 1, 2017) 229.6 702.0
End of period 273.7 337.1
Supplemental disclosures of cash flow information    
Cash paid for interest 1.3 0.3
Cash paid for income taxes 11.9 16.3
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 12.8 $ 28.2