XML 19 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Mar. 30, 2019
OPERATING ACTIVITIES      
Net income $ 76,646 $ 75,066 $ 68,622
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 6,324 5,783 4,698
Provision for credit losses (1,193) 1,348 562
Deferred income taxes 326 261 (762)
Stock-based compensation expense 4,392 3,881 3,365
Non-cash interest income, net (3,312) (1,411) (953)
Loss (gain) on sale or retirement of property, plant and equipment, net 116 (3,409) (53)
Gain on investments and sale of loans, net (22,037) (10,977) (9,207)
Changes in operating assets and liabilities:      
Accounts receivable (4,597) (1,442) (5,684)
Consumer loans receivable originated (161,562) (157,090) (129,990)
Proceeds from sales of consumer loans 167,067 159,632 131,117
Principal payments received on consumer loans receivable 14,126 10,632 12,945
Inventories (17,699) 8,250 (7,051)
Prepaid expenses and other current assets 6,380 6,683 (12,942)
Commercial loans receivable 1,825 (1,914) (26,543)
Accounts payable and accrued expenses and other current liabilities 47,229 6,444 4,712
Net cash provided by operating activities 114,031 101,737 32,836
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (25,537) (14,340) (7,636)
Payments for acquisition, net 0 (15,937) 0
Proceeds from sale of property, plant and equipment and assets held for sale 240 6,541 125
Purchases of investments (17,518) (11,699) (7,337)
Proceeds from sale of investments 19,466 10,192 9,033
Net cash used in investing activities (23,349) (25,243) (5,815)
FINANCING ACTIVITIES      
Payments for exercise of stock options (2,817) (1,067) (114)
Proceeds from secured financings and other 64 227 392
Payments on securitized financings and other (2,788) (19,916) (26,688)
Payments for common stock repurchases (1,441) 0 0
Net cash used in financing activities (6,982) (20,756) (26,410)
Net increase in cash, cash equivalents and restricted cash 83,700 55,738 611
Cash, cash equivalents and restricted cash at beginning of the fiscal year 255,607 199,869 199,258
Cash, cash equivalents and restricted cash at end of the fiscal year 339,307 255,607 199,869
Supplemental disclosures of cash flow information:      
Cash paid during the year for income taxes 19,469 18,839 19,912
Cash paid during the year for interest 468 736 2,302
Supplemental disclosure of noncash financing activity:      
Change in GNMA loans eligible for repurchase 18,339 3,634 (1,867)
Right-of-use assets recognized 5,985 18,498 0
Operating lease obligations incurred $ 5,985 $ 18,523 $ 0