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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Cash flows from operating activities:    
Net earnings $ 5,103 $ 14,136
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation & amortization 9,788 8,581
Gain on the sale of assets (2,109) (1,166)
Loss from equity investment 0 156
Deferred income taxes 502 497
Changes in operating assets and liabilities:    
Accounts receivable 33,315 25,647
Inventories (113,071) (71,546)
Other current assets 1,096 (494)
Income taxes 742 3,764
Accounts payable, accrued expenses and other 41,819 42,045
Net cash (used in)/provided by operating activities (22,815) 21,620
Cash flows from investing activities:    
Additions to property, plant and equipment (19,234) (13,221)
Proceeds from the sale of assets 3,950 1,400
Net cash used in investing activities (15,284) (11,821)
Cash flows from financing activities:    
Long-term borrowing 209,505 21,539
Payments on long-term debt (152,040) (22,532)
Other assets 0 (2,500)
Payments on financing leases (2,099) (1,745)
Purchase of treasury stock (15,923) (4,552)
Dividends (12) (12)
Net cash provided by (used in) financing activities 39,431 (9,802)
Net increase (decrease) in cash and cash equivalents 1,332 (3)
Cash and cash equivalents, beginning of the period 10,904 59,837
Cash and cash equivalents, end of the period 12,236 59,834
Supplemental disclosures of cash flow information:    
Property, plant and equipment purchased under lease obligations 1,967 14,550
Property, plant and equipment purchased on account 1,031 382
Sale of property, plant and equipment in exchange for note receivable $ 750 $ 0