XML 18 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2023
Oct. 01, 2022
OPERATING ACTIVITIES    
Net income $ 87,984 $ 133,892
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 9,234 8,284
Provision for credit losses (204) (263)
Deferred income taxes (1,845) 630
Stock-based compensation expense 2,989 3,525
Non-cash interest income, net (1,413) (280)
Loss (gain) on sale or retirement of property, plant and equipment, net 40 (25)
Gain on investments and sale of loans, net (4,278) (3,303)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable 144 (562)
Consumer loans receivable originated (56,158) (97,155)
Proceeds from sale of consumer loans 65,113 100,537
Principal payments on consumer loans receivable 3,567 4,961
Inventories 19,683 10,006
Prepaid expenses and other current assets 17,823 (4,832)
Commercial loans receivable originated (51,768) (49,491)
Principal payments received on commercial loans receivable 59,378 41,839
Accounts payable, accrued expenses and other liabilities 9,911 15,179
Net cash provided by operating activities 160,200 162,942
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (8,470) (33,188)
Payments for acquisitions, net (1,298) 0
Proceeds from sale of property, plant and equipment 4,490 402
Purchases of investments (6,499) (9,742)
Proceeds from sale of investments 5,356 7,595
Net cash used in investing activities (6,421) (34,933)
FINANCING ACTIVITIES    
Payments for taxes on stock option exercises and releases of equity awards (1,643) (982)
Proceeds from exercise of stock options 909 1,591
Payments on finance leases and other secured financings (295) (393)
Payments for common stock repurchases (40,911) (38,960)
Distributions to noncontrolling interest (300) (480)
Net cash used in financing activities (42,240) (39,224)
Net increase in cash, cash equivalents and restricted cash 111,539 88,785
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 395,029 348,119
Supplemental disclosures of cash flow information    
Cash paid for income taxes 18,641 48,027
Cash paid for interest 368 142
Change in GNMA loans eligible for repurchase (3,250) (3,286)
Right-of-use Assets    
Leased Assets Acquired 10,490 1,445
Operating Lease Obligations    
Lease Obligations Incurred $ 10,490 $ 1,445