XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Cash flows from operating activities    
Net income $ 117,151 $ 42,901
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,670 3,257
Amortization of intangible assets 1,946 1,888
Amortization of deferred financing fees 95 127
Equity-based compensation 3,960 1,441
Deferred taxes 1,685 4,079
Loss on disposal of property, plant, and equipment 6 6
Foreign currency transaction gain 351 (84)
Change in assets and liabilities:    
Accounts receivable (38,141) (3,097)
Inventories (48,855) (25,129)
Prepaids and other assets (11,084) (14,992)
Accounts payable (15,931) 8,741
Accrued expenses and other liabilities 32,569 12,767
Net cash provided by operating activities 47,422 31,905
Cash flows from investing activities    
Additions to property, plant, and equipment (9,435) (9,221)
Cash paid for acquisitions (9,553) 0
Proceeds from disposal of property, plant, and equipment 17 2
Net cash used in investing activities (18,971) (9,219)
Cash flows from financing activities    
Changes in floor plan financing, net 2,398 3,045
Stock option exercises 9 79
Tax payments for equity-based compensation (351) (1,326)
Net cash provided by (used in) financing activities 2,056 1,798
Effect of exchange rate changes on cash and cash equivalents (2,142) 673
Net increase in cash and cash equivalents 28,365 25,157
Cash and cash equivalents at beginning of period 435,413 262,581
Cash and cash equivalents at end of period $ 463,778 $ 287,738