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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Cash flows from operating activities    
Net income $ 93,624 $ 29,414
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6,521 5,969
Amortization of intangible assets 3,762 2,721
Amortization of deferred financing fees 509 253
Equity-based compensation 4,213 3,624
Deferred taxes 6,421 2,655
Loss on disposal of property, plant, and equipment 686 15
Foreign currency transaction loss (gain) 35 (219)
Change in assets and liabilities:    
Accounts receivable (15,351) (984)
Inventories (14,138) (990)
Prepaids and other assets (17,934) (2,063)
Accounts payable 407 5,406
Accrued expenses and other liabilities 20,132 18,041
Net cash provided by operating activities 88,887 63,842
Cash flows from investing activities    
Additions to property, plant, and equipment (15,105) (2,552)
Cash paid for acquisition (207)  
Proceeds from maturity of Company owned life insurance policy   1,186
Proceeds from disposal of property, plant, and equipment 66 32
Net cash used in investing activities (15,246) (1,334)
Cash flows from financing activities    
Changes in floor plan financing, net 5,107 (7,316)
Payments on deferred financing fees (1,130)  
Payments on revolving debt facility (26,900)  
Stock option exercises 377 67
Tax payments for equity-based compensation (3,007) (1,687)
Net cash used in financing activities (25,553) (8,936)
Effect of exchange rate changes on cash and cash equivalents (411) 1,259
Net increase in cash and cash equivalents 47,677 54,831
Cash and cash equivalents at beginning of period 262,581 209,455
Cash and cash equivalents at end of period $ 310,258 $ 264,286