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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities    
Net (loss)/income $ (490) $ 9,721
Adjustments to reconcile net (loss)/income to net cash provided by/(used in) operating activities:    
Depreciation 5,688 4,770
Stock-based compensation 1,824 965
Amortization of intangible assets 22 32
Amortization of right-of-use assets 8,277 7,424
Amortization of debt issuance fees and debt discount 221 281
(Gain)/Loss on disposal of property and equipment (4) 12
Gain on adjustment of right-of-use assets and lease liabilities   (193)
Deferred taxes 344 (1,047)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net 1,872 1,612
Inventories 27,171 (13,161)
Prepaid expenses and other current assets 778 (867)
Other assets (389) (274)
Accounts payable (11,096) (6,486)
Accrued expenses and other current liabilities (3,306) 2,719
Other liabilities 409 249
Operating leases (8,188) (7,306)
Net cash provided by/(used in) operating activities 23,133 (1,549)
Cash flows from investing activities    
Purchases of property and equipment (8,944) (6,822)
Net cash used in investing activities (8,944) (6,822)
Cash flows from financing activities    
Borrowings on line of credit - net   80,001
Repayments on debt and finance lease obligations (148) (65,147)
Debt issuance fees paid   (1,203)
Tax withholding payments for net share settlement (485) (422)
Proceeds from the exercise of stock options 4 1,267
Net cash (used in)/provided by financing activities (629) 14,496
Net increase in cash and cash equivalents 13,560 6,125
Cash and cash equivalents, beginning of period 69,563 16,614
Cash and cash equivalents, end of period 83,123 22,739
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 10 201
Cash paid for interest 2,696 3,370
Supplemental disclosure of non-cash activities:    
Unpaid purchases of property and equipment $ 2,159 $ 2,879