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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jan. 01, 2022
Dec. 26, 2020
OPERATING ACTIVITIES    
Net income $ 144,344 $ 51,424
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 6,750 4,735
Provision for credit losses (220) (1,082)
Deferred income taxes 1,186 (272)
Stock-based compensation expense 3,460 2,935
Non-cash interest income, net (1,115) (2,984)
(Gain) loss on sale or retirement of property, plant and equipment, net (307) 220
Gain on investments and sale of loans, net (18,379) (14,964)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable 4,366 1,868
Consumer loans receivable originated (122,872) (124,058)
Proceeds from sale of consumer loans 142,445 122,597
Principal payments on consumer loans receivable 8,861 10,720
Inventories (29,899) 2,911
Prepaid expenses and other current assets (33,746) 10,913
Commercial loans receivable 8,080 6,444
Accounts payable and accrued expenses and other current liabilities 13,013 20,159
Net cash provided by operating activities 125,967 91,566
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (8,938) (5,816)
Payments for acquisitions, net (141,428) 0
Proceeds from sale of property, plant and equipment 1,291 118
Purchases of investments (8,224) (14,056)
Proceeds from sale of investments 9,457 14,656
Net cash used in investing activities (147,842) (5,098)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 4,302 469
Proceeds from secured financings and other 47 64
Payments on secured financings and other (9,213) (1,984)
Payments for common stock repurchases (29,126) 0
Distributions to noncontrolling interest (300) 0
Net cash used in financing activities (34,290) (1,451)
Net (decrease) increase in cash, cash equivalents and restricted cash (56,165) 85,017
Cash, cash equivalents and restricted cash at beginning of the fiscal year 339,307 255,607
Cash, cash equivalents and restricted cash at end of the period 283,142 340,624
Supplemental disclosures of cash flow information    
Cash paid for income taxes 21,573 13,111
Cash paid for interest 302 371
Change in GNMA loans eligible for repurchase (13,185) 21,366
Operating Lease Obligations    
Lease Obligations Incurred 2,455 5,692
Finance Lease Obligations    
Lease Obligations Incurred 6,351 0
Right-of-use Assets    
Leased Assets Acquired 2,455 5,692
Finance Leased Assets    
Leased Assets Acquired $ 7,158 $ 0