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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Apr. 03, 2021
Cash flows from operating activities      
Net income $ 401,802 $ 248,044 $ 84,899
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 26,726 20,936 17,704
Equity-based compensation 14,160 9,777 6,037
Deferred taxes 1,127 3,019 3,588
Amortization of deferred financing fees 357 690 506
(Gain) loss on disposal of property, plant, and equipment (129) 612 (61)
Foreign currency transaction loss (gain) 828 (83) (519)
Change in assets and liabilities, net of business acquired:      
Accounts receivable 23,090 (32,854) (9,305)
Inventories 49,196 (75,019) (31,030)
Other assets (11,930) (28,217) 967
Accounts payable (49,082) 34,824 16,371
Accrued expenses and other current liabilities (39,920) 42,750 64,740
Net cash provided by operating activities 416,225 224,479 153,897
Cash flows from investing activities      
Additions to property, plant, and equipment (52,244) (31,979) (8,016)
Cash paid for acquisitions, net of cash acquired (6,810) (207) (52,548)
Cash paid for equity method investment (2,500) 0 0
Proceeds from life insurance policies 0 0 1,829
Proceeds from disposal of property, plant, and equipment 375 219 1,927
Net cash used in investing activities (61,179) (31,967) (56,808)
Cash flows from financing activities      
Changes in floor plan financing, net (35,460) 9,728 (8,181)
Payments on revolving debt facility 0 (26,900) (38,000)
Payments for deferred financing fees 0 (1,130) 0
Stock option exercises 2,473 1,405 55
Tax payments for equity-based compensation (4,032) (3,039) (1,687)
Net cash used in financing activities (37,019) (19,936) (47,813)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (5,987) 256 3,850
Net increase in cash, cash equivalents, and restricted cash 312,040 172,832 53,126
Cash, cash equivalents, and restricted cash at beginning of period 435,413 262,581 209,455
Cash, cash equivalents, and restricted cash at end of period 747,453 435,413 262,581
Supplemental disclosures of cash flow information      
Cash paid for interest 2,938 2,664 3,574
Cash paid for income taxes $ 143,600 $ 73,831 $ 17,540