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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jan. 01, 2022
Dec. 26, 2020
Cash Flows from Operating Activities:    
Net income $ 33,634 $ 90,510
Non-cash items:    
Depreciation and amortization 72,934 62,377
Impairment of assets 5,144 1,028
Share-based compensation expense 19,262 18,406
Amortization of deferred finance costs 2,608 425
(Benefit) provision for losses on inventory (280) 3,779
Gain on closing of transaction 9,603 32,613
Deferred tax benefit 1,999 (3,953)
Contingent consideration expense 10,272 0
Other non-cash operating activities 1,103 89
Amortization of fair value inventory step-up 5,295 0
Change in operating assets and liabilities:    
Change in accounts receivable (28,736) 18,588
Change in inventories 11,589 (33,728)
Change in prepaid income taxes 4,400 1,181
Change in other assets and other liabilities (6,010) 2,687
Change in accounts payable and accrued expenses (19,398) (21,518)
Net cash provided by operating activities 104,213 107,258
Cash Flows from Investing Activities:    
Capital expenditures (61,394) (25,408)
Acquisition (2,500) (16,606)
Proceeds from divestitures 10,642 44,587
Proceeds from sale of property, plant and equipment 1,419 1,085
Net cash (used in) provided by investing activities (51,833) 3,658
Cash Flows from Financing Activities:    
Net (decrease) in short-term loans 0 (60,000)
Repayment of term loan borrowings (13,125) (13,125)
Proceeds from employee stock purchase plan 4,210 4,012
Proceeds from exercise of stock options 1,923 3,838
Other 8 (32)
Net cash used in financing activities (6,984) (65,307)
Effect of exchange rates on cash and cash equivalents (824) 6,082
Net Change in Cash and Cash Equivalents 44,572 51,691
Cash and Cash Equivalents at Beginning of Period 192,305 137,311
Cash and Cash Equivalents at End of Period 236,877 189,002
Supplemental Disclosures of Cash Flow Information:    
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 25,385 $ 5,878