XML 15 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash flows from operating activities:    
Net earnings $ 23,111 $ 5,103
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation & amortization 10,680 9,788
Gain on the sale of assets (304) (2,109)
Deferred income taxes 32 502
Changes in operating assets and liabilities:    
Accounts receivable 12,137 33,315
Inventories (64,226) (113,071)
Other current assets 80 1,096
Income taxes 6,945 742
Accounts payable, accrued expenses and other 36,569 41,819
Net cash provided by/(used in) operating activities 25,024 (22,815)
Cash flows from investing activities:    
Additions to property, plant and equipment (14,744) (19,234)
Proceeds from the sale of assets 3,073 3,950
Net cash used in investing activities (11,671) (15,284)
Cash flows from financing activities:    
Long-term borrowing 314,460 209,505
Payments on long-term debt (323,261) (152,040)
Payments on financing leases (2,328) (2,099)
Purchase of treasury stock (2,177) (15,923)
Dividends (12) (12)
Net cash (used in)/provided by financing activities (13,318) 39,431
Net increase in cash and cash equivalents 35 1,332
Cash and cash equivalents, beginning of the period 12,256 10,904
Cash and cash equivalents, end of the period 12,291 12,236
Supplemental disclosures of cash flow information:    
Right-of-use assets obtained in exchange for lease obligations 2,266 2,363
Right-of-use assets derecognized upon early lease termination 1,931 396
Property, plant and equipment purchased on account 837 1,031
Sale of property, plant and equipment in exchange for note receivable $ 0 $ 750