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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 28, 2019
Dec. 29, 2018
OPERATING ACTIVITIES    
Net income $ 63,065 $ 48,651
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,208 3,468
Provision for credit losses 138 500
Deferred income taxes 1,407 (732)
Stock-based compensation expense 2,268 2,936
Non-cash interest income, net (1,134) (660)
Gain on sale of property, plant and equipment, net (3,416) (39)
Gain on investments and sale of loans, net (11,801) (5,200)
Changes in operating assets and liabilities:    
Accounts receivable 2,196 (863)
Consumer loans receivable originated (121,637) (98,692)
Proceeds from sale of consumer loans 117,127 96,679
Principal payments on consumer loans receivable 7,816 9,681
Inventories 11,567 (6,257)
Prepaid expenses and other current assets (676) (9,248)
Commercial loans receivable 487 (20,556)
Accounts payable and accrued liabilities (3,295) (3,310)
Net cash provided by operating activities 68,320 16,358
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (6,487) (6,318)
Payments for Destiny Homes, net (15,937) 0
Proceeds from sale of property, plant and equipment and assets held for sale 73 110
Purchases of investments (4,648) (5,497)
Proceeds from sale of investments 8,126 6,530
Net cash used in investing activities (18,873) (5,175)
FINANCING ACTIVITIES    
Proceeds (payments) from exercise of stock options 226 (114)
Proceeds from secured financings and other 76 392
Payments on securitized financings and other (19,360) (6,112)
Net cash used in financing activities (19,058) (5,834)
Net increase in cash, cash equivalents and restricted cash 30,389 5,349
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 230,258 204,607
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 15,901 15,845
Cash paid for interest 604 1,912
Supplemental disclosures of noncash activity:    
Right-of-use assets recognized 14,322 0
Operating lease obligations incurred $ 14,347 $ 0