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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 27, 2020
Jun. 29, 2019
OPERATING ACTIVITIES    
Net income $ 16,674 $ 21,282
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,613 1,240
Provision for credit losses (884) 213
Deferred income taxes 406 (69)
Stock-based compensation expense 945 630
Non-cash interest income, net (2,186) (359)
Gain on sale of property, plant and equipment, net 289 0
Gain on investments and sale of loans, net (4,982) (4,031)
Changes in operating assets and liabilities:    
Accounts receivable 4,629 (1,252)
Consumer loans receivable originated (47,356) (37,586)
Proceeds from sale of consumer loans 39,271 37,625
Principal payments on consumer loans receivable 3,261 2,176
Inventories 7,139 (2,329)
Prepaid expenses and other current assets 7,128 4,321
Commercial loans receivable 2,556 (3,682)
Accounts payable and accrued expenses and other current liabilities 7,189 (1,381)
Net cash provided by operating activities 35,692 16,798
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (1,856) (2,063)
Proceeds from sale of property, plant and equipment and assets held for sale 5 42
Purchases of investments (1,160) (2,110)
Proceeds from sale of investments 3,116 2,662
Net cash provided by (used in) investing activities 105 (1,469)
FINANCING ACTIVITIES    
Payments for exercise of stock options (533) (1,252)
Proceeds from secured financings and other 64 75
Payments on securitized financings and other (453) (997)
Net cash used in financing activities (922) (2,174)
Net increase in cash, cash equivalents and restricted cash 34,875 13,155
Cash, cash equivalents and restricted cash at beginning of the fiscal year 255,607 199,869
Cash, cash equivalents and restricted cash at end of the period 290,482 213,024
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 2,536 4,512
Cash paid for interest 127 289
Supplemental disclosures of noncash activity:    
Right-of-use assets recognized 5,559 13,043
Operating lease obligations incurred $ 5,559 $ 13,505