XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Oct. 01, 2022
Oct. 02, 2021
OPERATING ACTIVITIES    
Net income $ 133,892 $ 64,729
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 8,284 3,190
Provision for credit losses (263) (74)
Deferred income taxes 630 1,987
Stock-based compensation expense 3,525 2,417
Non-cash interest income, net (280) (770)
Gain on sale or retirement of property, plant and equipment, net (25) (41)
Gain on investments and sale of loans, net (3,303) (12,555)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable (562) (3,136)
Consumer loans receivable originated (97,155) (85,370)
Proceeds from sale of consumer loans 100,537 101,556
Principal payments on consumer loans receivable 4,961 6,875
Inventories 10,006 (19,980)
Prepaid expenses and other current assets (4,832) 993
Commercial loans receivable (7,652) 3,331
Accounts payable and accrued expenses and other current liabilities 15,179 16,935
Net cash provided by operating activities 162,942 80,087
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (33,188) (4,671)
Payments for acquisitions, net 0 (151,309)
Proceeds from sale of property, plant and equipment 402 53
Purchases of investments (9,742) (6,251)
Proceeds from sale of investments 7,595 6,133
Net cash used in investing activities (34,933) (156,045)
FINANCING ACTIVITIES    
Payments for taxes on stock option exercises and releases of equity awards (982) (26)
Proceeds from exercise of stock options 1,591 2,891
Payments on finance leases and other secured financings (393) (1,122)
Payments for common stock repurchases (38,960) (20,436)
Distributions to noncontrolling interest (480) (180)
Net cash used in financing activities (39,224) (18,873)
Net increase (decrease) in cash, cash equivalents and restricted cash 88,785 (94,831)
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 348,119 244,476
Supplemental disclosures of cash flow information    
Cash paid for income taxes 48,027 19,127
Cash paid for interest 142 195
Change in GNMA loans eligible for repurchase (3,286) (8,830)
Operating Lease Obligations    
Lease Obligations Incurred 1,445 2,205
Finance Lease Obligations    
Lease Obligations Incurred 0 6,043
Right-of-use Assets    
Leased Assets Acquired 1,445 2,205
Finance Leased Assets    
Leased Assets Acquired $ 0 $ 7,398