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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Cash flows from operating activities    
Net income $ 261,243 $ 93,624
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 7,836 6,521
Amortization of intangible assets 4,721 3,762
Amortization of deferred financing fees 175 509
Equity-based compensation 7,753 4,213
Deferred taxes 3,318 6,421
Gain (loss) on disposal of property, plant, and equipment (85) 686
Foreign currency transaction loss 974 35
Change in assets and liabilities:    
Accounts receivable 7,633 (15,351)
Inventories 11,540 (14,138)
Prepaids and other assets (14,489) (17,934)
Accounts payable (21,000) 407
Accrued expenses and other liabilities 8,947 20,132
Net cash provided by operating activities 278,566 88,887
Cash flows from investing activities    
Additions to property, plant, and equipment (25,613) (15,105)
Acquisitions, net of cash acquired (6,810) (207)
Proceeds from disposal of property, plant, and equipment 132 66
Net cash used in investing activities (32,291) (15,246)
Cash flows from financing activities    
Changes in floor plan financing, net 3,027 5,107
Payments on deferred financing fees 0 (1,130)
Payments on revolving debt facility 0 (26,900)
Stock option exercises 596 377
Tax payments for equity-based compensation (1,363) (3,007)
Net cash provided by (used in) financing activities 2,260 (25,553)
Effect of exchange rate changes on cash and cash equivalents (6,944) (411)
Net increase in cash and cash equivalents 241,591 47,677
Cash and cash equivalents at beginning of period 435,413 262,581
Cash and cash equivalents at end of period $ 677,004 $ 310,258