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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 25, 2022
Jun. 26, 2021
Cash flows from operating activities    
Net income $ 39,318 $ 40,645
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:    
Depreciation 8,022 6,152
Stock-based compensation 4,701 3,201
Amortization of intangible assets 16 18
Noncash lease expense 11,119 9,221
Amortization and write-off of debt issuance fees and debt discount 44 1,064
Loss/(gain) on disposal of assets 177 (4)
Gain on adjustment of right-of-use assets and lease liabilities   (33)
Deferred taxes 1,575 (5,891)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net 600 4,912
Inventories (60,080) (21,002)
Prepaid expenses and other current assets (20,630) (7,309)
Other assets (173) (457)
Accounts payable 18,024 5,252
Accrued expenses and other current liabilities (21,523) 19,071
Other liabilities 150 568
Operating leases (7,108) (9,080)
Net cash (used in)/provided by operating activities (25,768) 46,328
Cash flows from investing activities    
Purchases of property and equipment (20,835) (9,294)
Net cash used in investing activities (20,835) (9,294)
Cash flows from financing activities    
Borrowings on line of credit - net 46,324  
Repayments on debt and finance lease obligations (220) (61,682)
Tax withholding payments for net share settlement (4,408) (2,476)
Proceeds from the exercise of stock options 247 3,616
Net cash provided by/(used in) financing activities 41,943 (60,542)
Net decrease in cash and cash equivalents (4,660) (23,508)
Cash and cash equivalents, beginning of period 20,674 73,148
Cash and cash equivalents, end of period 16,014 49,640
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 19,226  
Cash paid for interest 534 1,496
Supplemental disclosure of non-cash activities:    
Unpaid purchases of property and equipment $ 17,473 $ 4,130