XML 16 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 25,964 $ 47,890
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation and amortization 22,030 21,769
Non-cash lease expense 2,932 3,656
LIFO charge 12,059 7,616
Deferred income tax expense (3,609) (41)
Gain on the sale of assets (332) (1,785)
Stock-based compensation expense 81 169
Pension expense 376 798
Changes in operating assets and liabilities:    
Accounts receivable (28,766) (31,279)
Inventories (84,254) (350,165)
Other assets 498 (7)
Accounts payable 172,689 252,347
Accrued expenses and other 8,314 16,723
Income taxes (1,118) 6,016
Net cash provided by (used in) operating activities 125,868 (26,279)
Cash flows from investing activities:    
Additions to property, plant and equipment (17,657) (26,452)
Proceeds from the sale of assets 407 7,566
Increase in non-current deposits (2,666) 0
Net cash used in investing activities (19,916) (18,886)
Cash flows from financing activities:    
Borrowings under revolving credit facility 231,744 370,528
Repayments under revolving credit facility (322,548) (416,255)
Borrowings under term loans and note payable 12,394 124,433
Payments on term loans (9,500) (9,500)
Payments on financing leases (2,825) (4,560)
Purchase of treasury stock (9,991) (19,644)
Dividends (12) (12)
Net cash (used in) provided by financing activities (100,738) 44,990
Net increase (decrease) in cash, cash equivalents and restricted cash 5,214 (175)
Cash, cash equivalents and restricted cash, beginning of the period 11,853 12,256
Cash, cash equivalents and restricted cash, end of the period 17,067 12,081
Supplemental disclosures of cash flow information:    
Cash paid for interest, net of capitalized interest 19,780 12,749
Cash paid for income taxes, net 12,406 8,481
Reduction of note payable and non-current deposits associated with finance lease 21,320 0
Right-of-use assets obtained in exchange for lease obligations 2,117 4,136
Right-of-use assets derecognized upon early lease termination 8,230 2,298
Assets acquired from exercise of finance lease purchase options, net of accumulated depreciation 1,739 2,987
Property, plant and equipment purchased on account $ 421 $ 934