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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Apr. 03, 2021
OPERATING ACTIVITIES      
Net income $ 240,841 $ 197,742 $ 76,646
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,903 11,017 6,324
Provision for credit losses (517) (325) (1,193)
Deferred income taxes 2,110 (1,732) 326
Stock-based compensation expense 6,264 5,059 4,392
Non-cash interest income, net (457) (1,629) (3,312)
(Gain) loss on sale or retirement of property, plant and equipment, net (281) (220) 116
Gain on investments and sale of loans, net (12,300) (18,364) (22,037)
Distribution of earnings from equity method investments 4,306 0 0
Changes in operating assets and liabilities:      
Accounts receivable 10,238 (27,268) (4,597)
Consumer loans receivable originated (177,970) (158,988) (161,562)
Proceeds from sales of consumer loans 186,017 184,849 167,067
Principal payments received on consumer loans receivable 8,967 11,553 14,126
Inventories 38,866 (73,804) (17,699)
Prepaid expenses and other current assets (20,037) (28,309) 6,380
Commercial loans receivable originated (132,050) (67,896) (54,021)
Principal payments received on commercial loans receivable 98,196 74,311 55,846
Accounts payable and accrued expenses and other current liabilities (13,403) 38,228 47,229
Net cash provided by operating activities 255,693 144,224 114,031
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (44,106) (18,653) (25,537)
Payments for acquisitions, net (105,662) (141,429) 0
Proceeds from sale of property, plant and equipment and assets held for sale 1,816 1,329 240
Purchases of investments 12,533 12,799 17,518
Proceeds from sale of investments 18,931 12,450 19,466
Return of invested capital from equity method investments 12,213 0 0
Net cash used in investing activities (129,341) (159,102) (23,349)
FINANCING ACTIVITIES      
Payments for taxes on stock option exercises and releases of equity awards (1,072) (266) (5,493)
Proceeds from exercise of stock options 3,709 4,422 2,676
Proceeds from secured financings and other 0 106 64
Payments on secured financings and other (641) (9,383) (2,788)
Payments for common stock repurchases (103,412) (59,599) (1,441)
Distributions to noncontrolling interest (780) (375) 0
Net cash used in financing activities (102,196) (65,095) (6,982)
Net increase (decrease) in cash, cash equivalents and restricted cash 24,156 (79,973) 83,700
Cash, cash equivalents and restricted cash at beginning of the fiscal year 259,334 339,307 255,607
Cash, cash equivalents and restricted cash at end of the fiscal year 283,490 259,334 339,307
Supplemental disclosures of cash flow information:      
Cash paid during the year for income taxes 82,438 31,415 19,469
Cash paid during the year for interest 619 451 468
Supplemental disclosure of noncash financing activity:      
Change in GNMA loans eligible for repurchase (2,494) (16,238) 18,339
Right-of-use assets recognized and operating lease obligations incurred 14,455 4,414 5,985
Fair value of assets acquired under finance lease 0 7,158 0
Finance lease obligations incurred $ 0 $ 6,351 $ 0