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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 29, 2024
Jul. 01, 2023
OPERATING ACTIVITIES    
Net income $ 34,429 $ 46,411
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 4,761 4,566
Provision for credit losses 89 19
Deferred income taxes 7 (1,868)
Stock-based compensation expense 2,195 1,438
Non-cash interest income, net (286) (297)
Loss on sale or retirement of property, plant and equipment, net 11 190
Gain on investments and sale of loans, net (177) (3,165)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable (7,977) 3,692
Proceeds from sales of consumer loans receivable 1,582 42,363
Inventories (3,505) 9,110
Prepaid expenses and other current assets 5,648 15,151
Accounts payable, accrued expenses and other liabilities 22,921 3,111
Net cash provided by operating activities 47,393 82,293
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (4,975) (4,183)
Proceeds from sale of property, plant and equipment 10 4,434
Purchases of investments (4,547) (1,710)
Proceeds from sale of investments 4,163 3,545
Net cash (used in) provided by investing activities (5,349) 2,086
FINANCING ACTIVITIES    
Payments for taxes on stock option exercises and releases of equity awards (2,349) (1,363)
Proceeds from exercise of stock options 0 150
Payments on finance leases and other secured financings (51) (157)
Payments for common stock repurchases (29,463) 0
Distributions to noncontrolling interest 0 (120)
Net cash used in financing activities (31,863) (1,490)
Net increase in cash, cash equivalents and restricted cash 10,181 82,889
Cash, cash equivalents and restricted cash at beginning of the fiscal year 368,753 283,490
Cash, cash equivalents and restricted cash at end of the period 378,937 366,379
Supplemental disclosures of cash flow information    
Cash paid for income taxes 4,720 8,123
Cash paid for interest 22 185
Supplemental disclosures of noncash activity    
Change in GNMA loans eligible for repurchase 76 (1,873)
Right-of-use assets recognized and operating lease obligations incurred 1,315 687
Consumer loans receivable    
Changes in operating assets and liabilities, net of acquisitions    
Loans receivable originated (20,833) (36,737)
Principal payments received on loans receivable 12,922 1,819
Commercial Loans Receivable    
Changes in operating assets and liabilities, net of acquisitions    
Loans receivable originated (26,750) (28,726)
Principal payments received on loans receivable $ 22,356 $ 25,216