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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 01, 2023
Jul. 02, 2022
OPERATING ACTIVITIES    
Net income $ 46,411 $ 59,694
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 4,566 3,946
Provision for credit losses 19 (167)
Deferred income taxes (1,868) (2,442)
Stock-based compensation expense 1,438 1,425
Non-cash interest income, net (297) (257)
Loss (gain) on sale or retirement of property, plant and equipment, net 190 (232)
Gain on investments and sale of loans, net (3,165) (288)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable 3,692 (12,076)
Consumer loans receivable originated (36,737) (47,467)
Proceeds from sale of consumer loans 42,363 47,881
Principal payments on consumer loans receivable 1,819 2,421
Inventories 9,110 (10,751)
Prepaid expenses and other current assets 15,151 7,359
Commercial loans receivable originated (28,726) (22,776)
Principal payments received on commercial loans receivable 25,216 18,981
Accounts payable and accrued expenses and other current liabilities 3,111 12,989
Net cash provided by operating activities 82,293 58,240
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (4,183) (25,007)
Proceeds from sale of property, plant and equipment 4,434 283
Purchases of investments (1,710) (4,228)
Proceeds from sale of investments 3,545 4,553
Net cash provided (used) by investing activities 2,086 (24,399)
FINANCING ACTIVITIES    
Payments for taxes on stock option exercises and releases of equity awards (1,363) (848)
Proceeds from exercise of stock options 150 0
Payments on finance leases and other secured financings (157) (165)
Payments for common stock repurchases 0 (38,960)
Distributions to noncontrolling interest (120) (240)
Net cash used in financing activities (1,490) (40,213)
Net increase (decrease) in cash, cash equivalents and restricted cash 82,889 (6,372)
Cash, cash equivalents and restricted cash at beginning of the fiscal year 283,490 259,334
Cash, cash equivalents and restricted cash at end of the period 366,379 252,962
Supplemental disclosures of cash flow information    
Cash paid for income taxes 8,123 18,486
Cash paid for interest 185 71
Change in GNMA loans eligible for repurchase (1,873) (2,620)
Right-of-use Assets    
Leased Assets Acquired 687 1,159
Operating Lease Obligations    
Lease Obligations Incurred $ 687 $ 1,159