XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net loss $ (8,479) $ (2,819)
Non-cash items:    
Depreciation and amortization 27,437 26,415
Impairment of assets 48,721 21,170
Share-based compensation expense 4,730 3,379
Deferred tax benefit (5,309) 0
Provision for losses on accounts receivable and inventory (1,378) (352)
Other non-cash operating activities 50 19
Change in operating assets and liabilities:    
Change in accounts receivable 22,518 (1,577)
Change in inventories (37,414) (15,058)
Change in prepaid income taxes (3,228) 72
Change in other assets and other liabilities (8,208) (1,214)
Change in accounts payable and accrued expenses (36,812) (6,913)
Net cash provided by operating activities 2,628 23,122
Cash Flows from Investing Activities:    
Capital expenditures (8,249) (27,514)
Proceeds from divestiture 9,808 0
Proceeds from sale of property, plant and equipment 302 250
Net cash provided by (used in) investing activities 1,861 (27,264)
Cash Flows from Financing Activities:    
Net increase in short-term loans 90,000 0
Term loan borrowings 0 347,780
Repayment of term loan borrowings (4,375) (253,728)
Proceeds from employee stock purchase plan 1,830 1,780
Proceeds from exercise of stock options 3,635 2,831
Share repurchases (75,000) (80,000)
Net cash provided by financing activities 16,090 18,663
Effect of exchange rates on cash and cash equivalents 304 (2,584)
Net Change in Cash and Cash Equivalents 20,883 11,937
Cash and Cash Equivalents at Beginning of Period 169,351 180,169
Cash and Cash Equivalents at End of Period 190,234 192,106
Supplemental Disclosures of Cash Flow Information:    
Interest paid 3,535 2,361
Income taxes paid 3,078 1,817
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 2,973 $ 1,799