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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Cash flows from operating activities:    
Net (loss) income $ (51,226) $ 126,560
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 32,455 29,353
Amortization of deferred financing costs 1,087 107
Deferred income taxes (7,795) (18,134)
Stock-based compensation 21,663 21,919
Loss on change in fair value of forward repurchase contract 34,752 0
Provisions for inventory and expected credit losses 4,488 9,422
Change in fair value of marketable securities 0 3,579
Other non-cash reconciling items 6,577 43
Changes in operating assets and liabilities:    
Trade accounts receivable 41,417 (7,645)
Inventories (18,831) (31,221)
Prepaid expenses and other assets (15,808) (16,453)
Trade accounts payable 13,670 2,695
Due to and from related parties 4,132 6,112
Accrued expenses and other current and long-term liabilities (16,838) (29,944)
Net cash provided by operating activities 49,743 96,393
Cash flows from investing activities:    
Purchases of property, plant and equipment (20,949) (76,101)
Sales of marketable securities 0 16,175
Net cash used in investing activities (20,949) (59,926)
Cash flow from financing activities:    
Loan made to affiliate 0 (4,000)
Finance lease payments (385) 0
Receipts on related party notes receivable 1,875 1,875
Payments for taxes related to net share settlement of equity awards (12,297) (14,091)
Proceeds from issuance of common stock under employee stock purchase plan 1,987 1,899
Repurchases of common stock (853,805) 0
Net proceeds from issuance of common stock 665,850 0
Payments of debt issuance costs 0 (1,450)
Net cash used in financing activities (53,292) (15,767)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 1,375 (974)
Net (decrease) increase in cash and cash equivalents and restricted cash (23,123) 19,726
Cash and cash equivalents and restricted cash at beginning of period 222,161 358,705
Cash and cash equivalents and restricted cash at end of period: 199,038 378,431
2023 Term Loan Facility    
Cash flow from financing activities:    
Net proceeds from Refinanced 2023 Term Loan Facility 193,483 0
Payment of borrowings under 2023 Term Loan Facility $ (50,000) $ 0