XML 20 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 27, 2022
Mar. 28, 2021
Mar. 29, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (2,700,800) $ (8,742,900) $ (21,568,900)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation and amortization 2,484,900 3,744,500 4,026,100
Goodwill impairment     11,677,700
Gain on sale of discontinued operations   (3,020,800)  
Non-cash stock-based compensation expense 1,338,900 1,211,000 1,174,600
Deferred income taxes 119,100 3,032,500 (2,977,200)
Change in trade accounts receivable (5,500,600) 12,676,000 11,097,800
Change in product inventory (1,688,400) 9,279,900 2,697,400
Change in prepaid expenses and other current assets 1,294,200 2,678,200 92,400
Change in income taxes receivable 3,020,500 (4,685,800) (6,237,100)
Change in other assets and other liabilities (1,731,000) (3,304,200) (251,400)
Change in trade accounts payable 2,514,700 (15,197,600) 905,300
Change in payroll, benefits and taxes (1,049,300) 2,021,500 (1,671,200)
Change in sales tax liabilities 384,200 353,100 (298,200)
Change in accrued expenses and other current liabilities (982,200) (729,600) 2,240,900
Net cash provided by (used in) operating activities (2,495,800) (684,200) 908,200
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (9,500,800) (11,855,900) (6,845,700)
Proceeds from sale of discontinued operations   9,201,500  
Net cash provided by (used in) investing activities (9,500,800) (2,654,400) (6,845,700)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net borrowings (repayments) from revolving line of credit short term   (25,565,300) 11,185,800
Borrowings from revolving line of credit long term 266,634,400 137,868,500  
Repayments to revolving line of credit long term (260,303,000) (107,283,900)  
Payments of debt issuance costs (224,100) (698,300)  
Payments on long term debt (57,800)   (2,300)
Proceeds from debt issuance 6,500,000    
Proceeds from issuance of stock 157,500 199,200 262,400
Proceeds from exercise of stock options     680,600
Cash dividends paid     (5,287,200)
Purchase of treasury stock and repurchase of stock from employees and directors for minimum tax withholdings (66,400) (121,600) (882,100)
Net cash provided by (used in) financing activities 12,640,600 4,398,600 5,957,200
Net increase (decrease) in cash and cash equivalents 644,000 1,060,000 19,700
CASH AND CASH EQUIVALENTS, beginning of period 1,110,000 50,000 30,300
CASH AND CASH EQUIVALENTS, end of period 1,754,000 1,110,000 50,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Capital expenditures included in accounts payable 4,494,900 $ 1,170,300 $ 2,492,500
Right-of-use asset acquired in exchange for lease liability $ 247,400