XML 14 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities    
Net income $ 45,794 $ 51,269
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,612 7,592
Amortization of deferred financing fees 93 69
Equity-based compensation 6,090 5,428
Deferred taxes (653) (997)
Loss on disposal of property, plant, and equipment 43 1
Foreign currency transaction loss (gain) 212 (207)
Equity in net loss of affiliates 1,343 0
Dividends from equity method investment 522 0
Change in fair value of contingent consideration 7,912 0
Change in assets and liabilities:    
Accounts receivable (8,088) 16,676
Floor plan receivables (10,603) 0
Inventories (1,375) 6,173
Other assets 5,541 (6,974)
Accounts payable 10,950 1,375
Accrued expenses and other liabilities 16,223 (5,548)
Net cash provided by operating activities 84,616 74,857
Cash flows from investing activities    
Additions to property, plant, and equipment (10,712) (10,341)
Investment in floor plan loans 0 (18,466)
Proceeds from floor plan loans 1,606 3,184
Proceeds from disposal of property, plant, and equipment 24 8
Net cash used in provided by investing activities (9,082) (25,615)
Cash flows from financing activities    
Changes in floor plan financing, net 1,573 0
Payments on long term debt (1) 0
Payments on repurchase of common stock (20,000) 0
Stock option exercises 75 0
Tax payments for equity-based compensation (2,251) (961)
Net cash used in financing activities (20,604) (961)
Effect of exchange rate changes on cash and cash equivalents (1,060) 1,983
Net increase in cash and cash equivalents 53,870 50,264
Cash and cash equivalents at beginning of period 495,063 747,453
Cash and cash equivalents at end of period $ 548,933 $ 797,717