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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 26, 2020
Dec. 28, 2019
OPERATING ACTIVITIES    
Net income $ 51,424 $ 63,065
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 4,735 4,208
Provision for credit losses (1,082) 138
Deferred income taxes (272) 1,407
Stock-based compensation expense 2,935 2,268
Non-cash interest income, net (2,984) (1,134)
Loss (gain) on sale or retirement of property, plant and equipment, net 220 (3,416)
Gain on investments and sale of loans, net (14,964) (11,801)
Changes in operating assets and liabilities:    
Accounts receivable 1,868 2,196
Consumer loans receivable originated (124,058) (121,637)
Proceeds from sale of consumer loans 122,597 117,127
Principal payments on consumer loans receivable 10,720 7,816
Inventories 2,911 11,567
Prepaid expenses and other current assets 10,913 (676)
Commercial loans receivable 6,444 487
Accounts payable and accrued expenses and other current liabilities 20,159 (3,295)
Net cash provided by operating activities 91,566 68,320
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (5,816) (6,487)
Payments for acquisition, net 0 (15,937)
Proceeds from sale of property, plant and equipment 118 73
Purchases of investments (14,056) (4,648)
Proceeds from sale of investments 14,656 8,126
Net cash used in investing activities (5,098) (18,873)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 469 226
Proceeds from secured financings and other 64 76
Payments on securitized financings and other (1,984) (19,360)
Net cash used in financing activities (1,451) (19,058)
Net increase in cash, cash equivalents and restricted cash 85,017 30,389
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 340,624 230,258
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 13,111 15,901
Cash paid for interest 371 604
Supplemental disclosures of noncash activity:    
GNMA loans eligible for repurchase 21,366 2,442
Right-of-use assets recognized 5,692 14,322
Operating lease obligations incurred $ 5,692 $ 14,347