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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 03, 2021
Jun. 27, 2020
OPERATING ACTIVITIES    
Net income $ 27,046 $ 16,674
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,576 1,613
Provision for credit losses (239) (884)
Deferred income taxes (783) 406
Stock-based compensation expense 1,100 945
Non-cash interest income, net (394) (2,186)
Gain (loss) on sale or retirement of property, plant and equipment, net (35) 289
Gain on investments and sale of loans, net (5,579) (4,982)
Changes in operating assets and liabilities    
Accounts receivable (3,659) 4,629
Consumer loans receivable originated (42,706) (47,356)
Proceeds from sale of consumer loans 49,631 39,271
Principal payments on consumer loans receivable 3,929 3,261
Inventories (19,683) 7,139
Prepaid expenses and other current assets 2,801 7,128
Commercial loans receivable (243) 2,556
Accounts payable and accrued expenses and other current liabilities 11,513 7,189
Net cash provided by operating activities 24,275 35,692
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (2,593) (1,856)
Proceeds from sale of property, plant and equipment 38 5
Purchases of investments (4,429) (1,160)
Proceeds from sale of investments 3,368 3,116
Net cash (used in) provided by investing activities (3,616) 105
FINANCING ACTIVITIES    
Proceeds from (payments for) exercise of stock options 136 (533)
Proceeds from secured financings and other 0 64
Payments on secured financings and other (444) (453)
Payments for common stock repurchases (12,842) 0
Net cash used in financing activities (13,150) (922)
Net increase in cash, cash equivalents and restricted cash 7,509 34,875
Cash, cash equivalents and restricted cash at beginning of the fiscal year 339,307 255,607
Cash, cash equivalents and restricted cash at end of the period 346,816 290,482
Supplemental disclosures of cash flow information    
Cash paid for income taxes 4,774 2,536
Cash paid for interest 100 127
Supplemental disclosures of noncash activity    
Change in GNMA loans eligible for repurchase (6,607) 1,242
Right-of-use assets recognized 708 5,559
Operating lease obligations incurred $ 708 $ 5,559