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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Cash flows from operating activities    
Net income $ 51,269 $ 117,151
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,592 5,616
Amortization of deferred financing fees 69 95
Equity-based compensation 5,428 3,960
Deferred taxes (997) 1,685
Loss on disposal of property, plant, and equipment 1 6
Foreign currency transaction (gain) loss (207) 351
Change in assets and liabilities:    
Accounts receivable 16,676 (38,141)
Inventories 6,173 (48,855)
Other assets (6,974) (11,084)
Accounts payable 1,375 (15,931)
Accrued expenses and other liabilities (5,548) 32,569
Net cash provided by operating activities 74,857 47,422
Cash flows from investing activities    
Additions to property, plant, and equipment (10,341) (9,435)
Investment in floor plan loans (18,466) 0
Proceeds from floor plan loans 3,184 0
Acquisitions, net of cash acquired 0 (9,553)
Proceeds from disposal of property, plant, and equipment 8 17
Net cash used in investing activities (25,615) (18,971)
Cash flows from financing activities    
Changes in floor plan financing, net 0 2,398
Stock option exercises 0 9
Tax payments for equity-based compensation (961) (351)
Net cash (used in) provided by financing activities (961) 2,056
Effect of exchange rate changes on cash and cash equivalents 1,983 (2,142)
Net increase in cash and cash equivalents 50,264 28,365
Cash and cash equivalents at beginning of period 747,453 435,413
Cash and cash equivalents at end of period $ 797,717 $ 463,778