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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities:    
Net earnings $ 12,661 $ 23,111
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation and amortization 10,819 10,680
Non-cash lease expense 1,627 1,923
LIFO credit (2,918) (1,700)
Deferred income tax expense (159) 32
Gain on the sale of assets (299) (304)
Stock-based compensation expense 37 80
Pension expense 188 399
Changes in operating assets and liabilities:    
Accounts receivable (16,681) 12,137
Inventories 33,763 (62,526)
Other assets (1,112) 80
Accounts payable 22,134 48,468
Accrued expenses and other (14,325) (14,301)
Income taxes 4,597 6,945
Net cash provided by operating activities 50,332 25,024
Cash flows from investing activities:    
Additions to property, plant and equipment (12,073) (14,744)
Proceeds from the sale of assets 371 3,073
Increase in non-current deposits (1,675) 0
Net cash used in investing activities (13,377) (11,671)
Cash flows from financing activities:    
Borrowings under revolving credit facility 104,270 124,675
Repayments under revolving credit facility (132,306) (253,159)
Borrowings under term loans and note payable 4,995 124,433
Payments on term loans (4,750) (4,750)
Payments on financing leases (1,390) (2,328)
Purchase of treasury stock (6,640) (2,177)
Dividends (12) (12)
Net cash used in financing activities (35,833) (13,318)
Net increase in cash, cash equivalents and restricted cash 1,122 35
Cash, cash equivalents and restricted cash, beginning of the period 11,853 12,256
Cash, cash equivalents and restricted cash, end of the period 12,975 12,291
Supplemental disclosures of cash flow information:    
Cash paid for interest, net of capitalized interest 10,217 6,118
Cash received for income taxes, net 509 258
Right-of-use assets obtained in exchange for lease obligations 1,391 2,266
Right-of-use assets derecognized upon early lease termination 5,627 1,931
Assets acquired from exercise of finance lease purchase options, net of accumulated depreciation 565 128
Property, plant and equipment purchased on account $ 190 $ 837