XML 12 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 101,112 $ 96,938
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,123 14,378
Amortization of deferred financing fees 187 162
Equity-based compensation 11,213 10,943
Deferred taxes (596) (1,919)
Loss on disposal of property, plant, and equipment 57 96
Foreign currency transaction (gain) loss (70) 76
Equity in net loss of affiliates 2,034 0
Dividends from equity method investment 766 0
Change in fair value of contingent consideration 7,912 0
Change in assets and liabilities:    
Accounts receivable (10,051) 12,101
Floor plan receivables (15,155) (2,521)
Inventories (6,759) 20,059
Other assets (330) (13,434)
Accounts payable 13,895 4,387
Accrued expenses and other liabilities 20,104 (12,128)
Net cash provided by operating activities 144,442 129,138
Cash flows from investing activities    
Additions to property, plant, and equipment (24,827) (22,847)
Cash paid for equity method investment 0 (1,000)
Cash paid for investment in ECN common stock 0 (78,858)
Cash paid for investment in ECN preferred stock 0 (64,520)
Investment in floor plan loans 0 (18,466)
Proceeds from floor plan loans 2,136 10,528
Proceeds from disposal of property, plant, and equipment 138 524
Net cash used in investing activities (22,553) (174,639)
Cash flows from financing activities    
Changes in floor plan financing, net (5,308) 0
Payments on long term debt (11) 0
Payments on repurchase of common stock (40,000) 0
Stock option exercises 272 224
Tax payments for equity-based compensation (2,273) (982)
Net cash used in financing activities (47,320) (758)
Effect of exchange rate changes on cash and cash equivalents 599 (39)
Net increase (decrease) in cash and cash equivalents 75,168 (46,298)
Cash and cash equivalents at beginning of period 495,063 747,453
Cash and cash equivalents at end of period $ 570,231 $ 701,155