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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Mar. 28, 2020
OPERATING ACTIVITIES      
Net income $ 197,742 $ 76,646 $ 75,066
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 11,017 6,324 5,783
Provision for credit losses (325) (1,193) 1,348
Deferred income taxes (1,732) 326 261
Stock-based compensation expense 5,059 4,392 3,881
Non-cash interest income, net (1,629) (3,312) (1,411)
(Gain) loss on sale or retirement of property, plant and equipment, net (220) 116 (3,409)
Gain on investments and sale of loans, net (18,364) (22,037) (10,977)
Changes in operating assets and liabilities:      
Accounts receivable (27,268) (4,597) (1,442)
Consumer loans receivable originated (158,988) (161,562) (157,090)
Proceeds from sales of consumer loans 184,849 167,067 159,632
Principal payments received on consumer loans receivable 11,553 14,126 10,632
Inventories (73,804) (17,699) 8,250
Prepaid expenses and other current assets (28,309) 6,380 6,683
Commercial loans receivable 6,415 1,825 (1,914)
Accounts payable and accrued expenses and other current liabilities 38,228 47,229 6,444
Net cash provided by operating activities 144,224 114,031 101,737
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (18,653) (25,537) (14,340)
Payments for acquisitions, net (141,429) 0 (15,937)
Proceeds from sale of property, plant and equipment and assets held for sale 1,329 240 6,541
Purchases of investments 12,799 17,518 11,699
Proceeds from sale of investments 12,450 19,466 10,192
Net cash used in investing activities (159,102) (23,349) (25,243)
FINANCING ACTIVITIES      
Proceeds from (payments for) exercise of stock options 4,156 (2,817) (1,067)
Proceeds from secured financings and other 106 64 227
Payments on secured financings and other (9,383) (2,788) (19,916)
Payments for common stock repurchases (59,599) (1,441) 0
Payments to Noncontrolling Interests (375) 0 0
Net cash used in financing activities (65,095) (6,982) (20,756)
Net (decrease) increase in cash, cash equivalents and restricted cash (79,973) 83,700 55,738
Cash, cash equivalents and restricted cash at beginning of the fiscal year 339,307 255,607 199,869
Cash, cash equivalents and restricted cash at end of the fiscal year 259,334 339,307 255,607
Supplemental disclosures of cash flow information:      
Cash paid during the year for income taxes 31,415 19,469 18,839
Cash paid during the year for interest 451 468 736
Supplemental disclosure of noncash financing activity:      
Change in GNMA loans eligible for repurchase (16,238) 18,339 3,634
Right-of-use assets recognized 4,414 5,985 18,498
Operating lease obligations incurred 4,414 5,985 18,523
Fair value of assets acquired under finance lease 7,158 0 0
Finance lease obligations incurred $ 6,351 $ 0 $ 0