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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 28, 2019
Dec. 29, 2018
Cash Flows from Operating Activities:    
Net income $ 58,902 $ 34,184
Non-cash items:    
Depreciation and amortization 81,524 79,637
Impairment of assets 50,597 21,170
Share-based compensation expense 15,055 12,743
Deferred tax benefit (4,747) 12,330
Provision for losses on accounts receivable and inventory (2,246) 3,220
Gain on sale of assets (8,083) 0
Other non-cash operating activities 1,945 1,038
Change in operating assets and liabilities:    
Change in accounts receivable 13,807 (19,752)
Change in inventories (68,251) (11,624)
Change in other assets and other liabilities (9,102) (231)
Change in accounts payable and accrued expenses (17,590) 5,928
Net cash provided by operating activities 111,811 138,643
Cash Flows from Investing Activities:    
Capital expenditures (38,112) (105,245)
Proceeds from divestiture 9,808 0
Proceeds from sale of property, plant and equipment 16,263 2,314
Net cash used in investing activities (12,041) (102,931)
Cash Flows from Financing Activities:    
Net increase in short-term loans 30,000 0
Term loan borrowings 0 347,780
Repayment of term loan borrowings (8,750) (258,103)
Share repurchases (175,000) (160,000)
Proceeds from employee stock purchase plan 3,368 3,254
Proceeds from exercise of stock options 7,712 9,446
Other 90 0
Net cash used in financing activities (142,580) (57,623)
Effect of exchange rates on cash and cash equivalents (124) (3,387)
Net Change in Cash and Cash Equivalents (42,934) (25,298)
Cash and Cash Equivalents at Beginning of Period 169,351 180,169
Cash and Cash Equivalents at End of Period 126,417 154,871
Supplemental Disclosures of Cash Flow Information:    
Interest paid 10,739 9,492
Income taxes paid 9,888 6,233
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 10,705 $ 12,100