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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Cash flows from operating activities    
Net income $ 96,938 $ 261,243
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,378 12,557
Amortization of deferred financing fees 162 175
Equity-based compensation 10,943 7,753
Deferred taxes (1,919) 3,318
Loss (gain) on disposal of property, plant, and equipment 96 (85)
Foreign currency transaction loss 76 974
Change in assets and liabilities:    
Accounts receivable 12,101 7,633
Floor plan receivables (2,521) 0
Inventories 20,059 11,540
Other assets (13,434) (14,489)
Accounts payable 4,387 (21,000)
Accrued expenses and other liabilities (12,128) 8,947
Net cash provided by operating activities 129,138 278,566
Cash flows from investing activities    
Additions to property, plant, and equipment (22,847) (25,613)
Cash paid for equity method investment (1,000) 0
Cash paid for investment in ECN common stock (78,858) 0
Cash paid for investment in ECN preferred stock (64,520) 0
Investment in floor plan loans (18,466) 0
Proceeds from floor plan loans 10,528 0
Acquisitions, net of cash acquired 0 (6,810)
Proceeds from disposal of property, plant, and equipment 524 132
Net cash used in investing activities (174,639) (32,291)
Cash flows from financing activities    
Changes in floor plan financing, net 0 3,027
Stock option exercises 224 596
Tax payments for equity-based compensation (982) (1,363)
Net cash (used in) provided by financing activities (758) 2,260
Effect of exchange rate changes on cash and cash equivalents (39) (6,944)
Net (decrease) increase in cash and cash equivalents (46,298) 241,591
Cash and cash equivalents at beginning of period 747,453 435,413
Cash and cash equivalents at end of period $ 701,155 $ 677,004