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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Cash flows from operating activities    
Net income $ 42,901 $ 11,903
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,257 2,921
Amortization of intangible assets 1,888 1,361
Amortization of deferred financing fees 127 127
Equity-based compensation 1,441 2,226
Deferred taxes 4,079 1,532
Loss on disposal of property, plant, and equipment 6 5
Foreign currency transaction gain (84) (122)
Change in assets and liabilities:    
Accounts receivable (3,097) 2,483
Inventories (25,129) 10,956
Prepaids and other assets (14,992) (232)
Accounts payable 8,741 (6,396)
Accrued expenses and other liabilities 12,767 5,441
Net cash provided by operating activities 31,905 32,205
Cash flows from investing activities    
Additions to property, plant, and equipment (9,221) (1,311)
Proceeds from disposal of property, plant, and equipment 2 12
Net cash used in investing activities (9,219) (1,299)
Cash flows from financing activities    
Changes in floor plan financing, net 3,045 (4,527)
Stock option exercises 79 3
Tax payments for equity-based compensation (1,326)  
Net cash provided by (used in) financing activities 1,798 (4,524)
Effect of exchange rate changes on cash and cash equivalents 673 670
Net increase in cash and cash equivalents 25,157 27,052
Cash and cash equivalents at beginning of period 262,581 209,455
Cash and cash equivalents at end of period $ 287,738 $ 236,507