XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jan. 01, 2022
Dec. 26, 2020
Cash flows from operating activities:    
Net earnings $ 44,454 $ 111,271
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation & amortization 27,048 24,302
Gain on the sale of assets (1,635) (35,976)
Provision for restructuring 3 169
Loss from equity investment 7,775 752
Deferred income taxes 4,055 12,871
Changes in operating assets and liabilities:    
Accounts receivable 11,893 20,766
Inventories (138,834) 704
Other current assets (4,786) 4,658
Income taxes (5,703) 8,624
Accounts payable, accrued expenses and other 44,645 (45,051)
Net cash (used in)/provided by operating activities (11,085) 103,090
Cash flows from investing activities:    
Additions to property, plant and equipment (36,437) (40,167)
Proceeds from the sale of assets 4,773 72,782
Net cash (used in)/provided by investing activities (31,664) 32,615
Cash flows from financing activities:    
Long-term borrowing 278,106 468,181
Payments on long-term debt (248,383) (587,185)
Other assets (2,206) (6,407)
Payments on financing leases (5,803) (4,681)
Purchase of treasury stock (27,779) (2,154)
Dividends (12) (12)
Net cash used in financing activities (6,077) (132,258)
Net (decrease)/increase in cash and cash equivalents (48,826) 3,447
Cash and cash equivalents, beginning of the period 59,837 10,702
Cash and cash equivalents, end of the period 11,011 14,149
Supplemental disclosures of cash flow information:    
Property, plant and equipment purchased under lease obligations 18,713 5,214
Property, plant and equipment purchased on account $ 2,229 $ 975