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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Mar. 28, 2020
Cash Flows from Operating Activities:      
Net income $ 43,375 $ 79,469 $ 76,526
Non-cash items:      
Depreciation and amortization 97,747 84,287 110,289
Impairment of assets 7,953 21,969 50,599
Share-based compensation expense 24,359 25,516 20,454
Gain on divestiture and sale of assets (9,603) (32,812) (8,083)
Contingent consideration expense 10,461 0 0
Deferred tax benefit 5,013 (19,866) (6,958)
Amortization of deferred financing costs 3,404 564 596
(Benefit) provision for losses on inventory (861) 7,860 (2,904)
Other non-cash operating activities 5,592 1,500 2,260
Change in operating assets and liabilities:      
Change in accounts receivable (34,974) 44,121 18,863
Change in inventories 24,307 (38,909) (84,721)
Change in prepaid income taxes 2,870 (3,822) 1,480
Change in other assets and other liabilities (15,022) (4,650) (2,876)
Change in accounts payable and accrued expenses 7,642 (56,422) (17,308)
Net cash provided by operating activities 172,263 108,805 158,217
Cash Flows from Investing Activities:      
Capital expenditures (96,509) (37,040) (48,758)
Proceeds from divestiture 10,642 44,587 9,808
Proceeds from sale of property, plant and equipment 2,022 1,815 16,774
Acquisitions (2,500) (434,804) (35,000)
Net cash used in investing activities (86,345) (425,442) (57,176)
Cash Flows from Financing Activities:      
Repayment of term loan borrowings (17,500) (21,875) (13,125)
Net (decrease) increase in short-term loans 0 (60,000) 45,000
Proceeds from issuance of convertible notes 0 500,000 0
Purchase of capped call related to convertible notes 0 (47,400) 0
Transaction costs paid in connection with convertible notes issuance 0 (13,457) 0
Contingent consideration payments (4,791) 0 0
Proceeds from employee stock purchase plan 4,209 4,013 3,369
Proceeds from exercise of stock options 2,338 6,217 8,647
Share repurchases 0 0 (175,000)
Other financing activities (5) (46) (99)
Net cash (used) in provided by financing activities (15,749) 367,452 (131,208)
Effect of exchange rates on cash and cash equivalents (2,978) 4,179 (1,873)
Net Change in Cash and Cash Equivalents 67,191 54,994 (32,040)
Cash and Cash Equivalents at Beginning of Year 192,305 137,311 169,351
Cash and Cash Equivalents at End of Year 259,496 192,305 137,311
Supplemental Disclosures of Cash Flow Information:      
Interest paid 6,187 7,824 12,545
Income taxes paid 24,298 12,487 11,507
Transfers from inventory to fixed assets for placement of Haemonetics equipment 51,800 9,287 14,479
Tenant improvement allowances excluded from capital expenditures $ 0 $ 0 $ 5,660