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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash flows from operating activities    
Net income $ 29,414 $ 35,125
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 5,969 6,655
Amortization of intangible assets 2,721 2,724
Amortization of deferred financing fees 253 257
Fair market value adjustment for asset classified as held for sale   986
Equity-based compensation 3,624 4,703
Deferred taxes 2,655 3,214
Loss (gain) on disposal of property, plant, and equipment 15 (11)
Foreign currency transaction gain (219) (25)
Change in assets and liabilities:    
Accounts receivable (984) 1,480
Inventories (990) 9,701
Prepaids and other assets (2,063) (5,805)
Accounts payable 5,406 (98)
Accrued expenses and other liabilities 18,041 (6,748)
Net cash provided by operating activities 63,842 52,158
Cash flows from investing activities    
Additions to property, plant, and equipment (2,552) (9,409)
Proceeds from maturity of Company owned life insurance policy 1,186  
Proceeds from disposal of property, plant, and equipment 32 17
Net cash used in investing activities (1,334) (9,392)
Cash flows from financing activities    
Changes in floor plan financing, net (7,316) (2,810)
Payments on revolving debt facility   (10,000)
Stock option exercises 67 112
Tax payments for equity-based compensation (1,687) (2,131)
Net cash used in financing activities (8,936) (14,829)
Effect of exchange rate changes on cash and cash equivalents 1,259 168
Net increase in cash and cash equivalents 54,831 28,105
Cash and cash equivalents at beginning of period 209,455 126,634
Cash and cash equivalents at end of period $ 264,286 $ 154,739