XML 15 R5.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 29, 2019
Jun. 30, 2018
OPERATING ACTIVITIES    
Net income $ 21,282 $ 19,691
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,240 1,104
Provision for credit losses 213 75
Deferred income taxes (69) 640
Stock-based compensation expense 630 599
Non-cash interest income, net (359) (139)
Gain on sale of property, plant and equipment, net 0 (40)
Gain on investments and sale of loans, net (4,031) (3,361)
Changes in operating assets and liabilities:    
Accounts receivable (1,252) (4,879)
Consumer loans receivable originated (37,586) (33,617)
Proceeds from sales of consumer loans 37,625 28,206
Principal payments on consumer loans receivable 2,176 3,462
Inventories (2,329) (1,285)
Prepaid expenses and other current assets 4,321 (282)
Commercial loans receivable (3,682) (14,103)
Accounts payable and accrued liabilities (1,381) 1,814
Net cash provided by (used in) operating activities 16,798 (2,115)
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (2,063) (1,679)
Proceeds from sale of property, plant and equipment and assets held for sale 42 49
Purchases of investments (2,110) (2,026)
Proceeds from sale of investments 2,662 2,083
Net cash used in investing activities (1,469) (1,573)
FINANCING ACTIVITIES    
Payments from exercise of stock options (1,252) (2,168)
Proceeds from secured financings and other 75 226
Payments on securitized financings (997) (2,157)
Net cash used in financing activities (2,174) (4,099)
Net increase (decrease) in cash, cash equivalents and restricted cash 13,155 (7,787)
Cash, cash equivalents and restricted cash at beginning of the fiscal year 199,869 199,258
Cash, cash equivalents and restricted cash at end of the period 213,024 191,471
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 4,512 6,170
Cash paid for interest 289 663
Supplemental disclosures of noncash activity:    
Right-of-use assets recognized during the year 13,043 0
Operating lease obligations incurred $ 13,505 $ 0