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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jan. 01, 2022
Dec. 26, 2020
Cash flows from operating activities    
Net income $ 161,246 $ 51,013
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,869 8,994
Amortization of intangible assets 5,664 4,082
Amortization of deferred financing fees 599 380
Equity-based compensation 6,134 4,625
Deferred taxes 5,942 3,251
Loss (gain) on disposal of property, plant, and equipment 696 (75)
Foreign currency transaction loss (gain) 55 (421)
Change in assets and liabilities:    
Accounts receivable 11,419 4,577
Inventories (19,133) (3,388)
Prepaids and other assets (22,954) (2,239)
Accounts payable (13,076) (284)
Accrued expenses and other liabilities 17,945 33,301
Net cash provided by operating activities 164,406 103,816
Cash flows from investing activities    
Additions to property, plant, and equipment (22,784) (4,235)
Cash paid for acquisition (207)  
Proceeds from maturity of Company owned life insurance policy   1,186
Proceeds from disposal of property, plant, and equipment 70 1,836
Net cash used in investing activities (22,921) (1,213)
Cash flows from financing activities    
Changes in floor plan financing, net 8,583 (8,318)
Payments on deferred financing fees (1,130)  
Payments on revolving debt facility (26,900) (38,000)
Stock option exercises 1,099 67
Tax payments for equity-based compensation (3,007) (1,687)
Net cash used in financing activities (21,355) (47,938)
Effect of exchange rate changes on cash and cash equivalents (578) 2,940
Net increase in cash and cash equivalents 119,552 57,605
Cash and cash equivalents at beginning of period 262,581 209,455
Cash and cash equivalents at end of period $ 382,133 $ 267,060