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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 02, 2022
Jul. 03, 2021
OPERATING ACTIVITIES    
Net income $ 59,694 $ 27,046
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 3,946 1,576
Provision for credit losses (167) (239)
Deferred income taxes (2,442) (783)
Stock-based compensation expense 1,425 1,100
Non-cash interest income, net (257) (394)
Gain on sale or retirement of property, plant and equipment, net (232) (35)
Gain on investments and sale of loans, net (288) (5,579)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable (12,076) (3,659)
Consumer loans receivable originated (47,467) (42,706)
Proceeds from sale of consumer loans 47,881 49,631
Principal payments on consumer loans receivable 2,421 3,929
Inventories (10,751) (19,683)
Prepaid expenses and other current assets 7,359 2,801
Commercial loans receivable (3,795) (243)
Accounts payable and accrued expenses and other current liabilities 12,989 11,513
Net cash provided by operating activities 58,240 24,275
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (25,007) (2,593)
Proceeds from sale of property, plant and equipment 283 38
Purchases of investments (4,228) (4,429)
Proceeds from sale of investments 4,553 3,368
Net cash used in investing activities (24,399) (3,616)
FINANCING ACTIVITIES    
Payments for taxes on exercises and releases of equity awards (848) 0
Proceeds from exercise of stock options 0 136
Payments on finance leases and other secured financings (165) (444)
Payments for common stock repurchases (38,960) (12,842)
Distributions to noncontrolling interest (240) 0
Net cash used in financing activities (40,213) (13,150)
Net (decrease) increase in cash, cash equivalents and restricted cash (6,372) 7,509
Cash, cash equivalents and restricted cash at beginning of the fiscal year 259,334 339,307
Cash, cash equivalents and restricted cash at end of the period 252,962 346,816
Supplemental disclosures of cash flow information    
Cash paid for income taxes 18,486 4,774
Cash paid for interest 71 100
Change in GNMA loans eligible for repurchase (2,620) (6,607)
Operating Lease Obligations    
Lease Obligations Incurred 1,159 708
Right-of-use Assets    
Leased Assets Acquired $ 1,159 $ 708