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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 109,698 $ 97,191
Non-cash items:    
Depreciation and amortization 87,378 69,576
Amortization of fair value inventory step-up 12,319 0
Share-based compensation expense 22,699 20,912
Impairment of intangible assets 2,391 10,419
Gain on repurchase of convertible senior notes, net (12,600) 0
Inventory reserve adjustment 1,289 6,904
Gains on sales of property, plant and equipment (14,572) (647)
Deferred tax benefit (8,593) (5,138)
Other non-cash operating activities 8,114 5,748
Change in operating assets and liabilities:    
Change in accounts receivable (3,379) (27,743)
Change in inventories (65,629) (40,721)
Change in prepaid income taxes (2,638) 1,730
Change in other assets and other liabilities (34,493) (15,619)
Change in accounts payable and accrued expenses (36,816) (4,942)
Net cash provided by operating activities 65,168 117,670
Cash Flows from Investing Activities:    
Capital expenditures (23,635) (31,440)
Non-cash transfers from inventory to property, plant and equipment for Haemonetics equipment (12,649) (25,171)
Acquisition, net of cash acquired (150,906) (243,852)
Proceeds from sale of property, plant and equipment 20,802 1,259
Other investing activities (13,547) (10,129)
Net cash used in investing activities (179,935) (309,333)
Cash Flows from Financing Activities:    
Proceeds from issuance of convertible notes 700,000 0
Repurchase of convertible senior notes (185,500) 0
Purchase of capped call related to convertible notes (88,200) 0
Term loan borrowings 250,000 0
Term loan redemption (262,500) 0
Proceeds from revolving facility 0 110,000
Payments on revolving facility 50,000 0
Repayment of term loan borrowings (3,125) (8,750)
Debt issuance costs (23,135) 0
Share repurchases (75,000) 0
Proceeds from employee stock purchase plan 6,476 5,603
Proceeds from exercise of stock options 1,717 1,505
Cash used to net share settle employee equity awards (10,243) (5,885)
Other financing activities (222) (814)
Net cash provided by financing activities 260,268 101,659
Effect of exchange rates on cash and cash equivalents (3,455) (484)
Net Change in Cash and Cash Equivalents 142,046 (90,488)
Cash and Cash Equivalents at Beginning of Period 178,800 284,466
Cash and Cash Equivalents at End of Period $ 320,846 $ 193,978