XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Jan. 01, 2022
OPERATING ACTIVITIES    
Net income $ 193,481 $ 144,344
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 12,174 6,750
Provision for credit losses (585) (220)
Deferred income taxes 3,225 1,186
Stock-based compensation expense 4,855 3,460
Non-cash interest income, net (527) (1,115)
Gain on sale or retirement of property, plant and equipment, net (116) (307)
Gain on investments and sale of loans, net (6,647) (18,379)
Distributions of earnings from equity method investments 4,306 0
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable 15,988 4,366
Consumer loans receivable originated (135,552) (122,872)
Proceeds from sale of consumer loans 146,050 142,445
Principal payments on consumer loans receivable 7,206 8,861
Inventories 28,513 (29,899)
Prepaid expenses and other current assets (16,525) (33,746)
Commercial loans receivable (9,652) 8,080
Accounts payable and accrued expenses and other current liabilities (16,075) 13,013
Net cash provided by operating activities 230,119 125,967
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (40,850) (8,938)
Payments for acquisitions, net 0 (141,428)
Proceeds from sale of property, plant and equipment 406 1,291
Purchases of investments (10,198) (8,224)
Proceeds from sale of investments 9,230 9,457
Return of invested capital from equity method investments 12,213 0
Net cash used in investing activities (29,199) (147,842)
FINANCING ACTIVITIES    
Payments for taxes on stock option exercises and releases of equity awards (1,072) (26)
Proceeds from exercise of stock options 1,591 4,328
Proceeds from secured financings and other 0 47
Payments on finance leases and other secured financings (549) (9,213)
Payments for common stock repurchases (73,230) (29,126)
Distributions to noncontrolling interest (600) (300)
Net cash used in financing activities (73,860) (34,290)
Net increase (decrease) in cash, cash equivalents and restricted cash 127,060 (56,165)
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 386,394 283,142
Supplemental disclosures of cash flow information    
Cash paid for income taxes 71,137 21,573
Cash paid for interest 430 302
Change in GNMA loans eligible for repurchase (2,914) (13,185)
Operating Lease Obligations    
Lease Obligations Incurred 3,535 2,455
Finance Lease Obligations    
Lease Obligations Incurred 0 6,351
Right-of-use Assets    
Leased Assets Acquired 3,535 2,455
Finance Leased Assets    
Leased Assets Acquired $ 0 $ 7,158