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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 26, 2020
Sep. 28, 2019
OPERATING ACTIVITIES    
Net income $ 31,723 $ 42,167
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,182 2,648
Provision for credit losses 223 30
Deferred income taxes (18) 1,011
Stock-based compensation expense 2,048 1,448
Non-cash interest income, net (2,596) (694)
Loss (gain) on sale or retirement of property, plant and equipment, net 242 (3,370)
Gain on investments and sale of loans, net (9,597) (7,683)
Changes in operating assets and liabilities:    
Accounts receivable 5,948 (3,300)
Consumer loans receivable originated (82,352) (80,259)
Proceeds from sale of consumer loans 80,589 77,182
Principal payments on consumer loans receivable 6,974 4,759
Inventories 1,663 6,506
Prepaid expenses and other current assets 11,536 322
Commercial loans receivable 4,691 (1,409)
Accounts payable and accrued expenses and other current liabilities 20,353 4,235
Net cash provided by operating activities 74,609 43,593
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (3,773) (3,944)
Payments to Acquire Businesses, Gross 0 (15,937)
Proceeds from sale of property, plant and equipment 77 64
Purchases of investments (4,440) (2,751)
Proceeds from sale of investments 8,054 4,260
Net cash used in investing activities (82) (18,308)
FINANCING ACTIVITIES    
Payments for exercise of stock options (11) (311)
Proceeds from secured financings and other 64 75
Payments on securitized financings and other (918) (19,109)
Net cash used in financing activities (865) (19,345)
Net increase in cash, cash equivalents and restricted cash 73,662 5,940
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 329,269 205,809
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 7,865 13,073
Cash paid for interest 251 473
Supplemental disclosures of noncash activity:    
GNMA loans eligible for repurchase 16,170 704
Right-of-use assets recognized 5,617 13,464
Operating lease obligations incurred $ 5,617 $ 13,489