XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:    
Net income $ 33,692 $ 24,872
Non-cash items:    
Depreciation and amortization 66,267 67,531
Gain on divestiture (8,000) 0
Stock-based compensation expense 7,360 6,608
Provision for losses on accounts receivable and inventory 514 11,398
Impairment of assets 218 3,413
Other non-cash operating activities 398 1,216
Change in operating assets and liabilities:    
Change in accounts receivable 8,204 3,878
Change in inventories 17,460 (13,960)
Change in prepaid income taxes 805 868
Change in other assets and other liabilities 17,747 (996)
Change in accounts payable and accrued expenses 18,058 20,333
Net cash provided by operating activities 162,723 125,161
Cash Flows from Investing Activities:    
Capital expenditures (55,696) (60,517)
Proceeds from divestiture 9,000 0
Proceeds from sale of property, plant and equipment 1,627 1,773
Net cash used in investing activities (45,069) (58,744)
Cash Flows from Financing Activities:    
Repayment of term loan borrowings (45,054) (30,827)
Proceeds from employee stock purchase plan 3,246 3,560
Proceeds from exercise of stock options 33,239 18,278
Net increase (decrease) in short-term loans 579 (40,975)
Net cash used in financing activities (7,990) (49,964)
Effect of exchange rates on cash and cash equivalents 2,363 (1,937)
Net Change in Cash and Cash Equivalents 112,027 14,516
Cash and Cash Equivalents at Beginning of Period 139,564 115,123
Cash and Cash Equivalents at End of Period 251,591 129,639
Supplemental Disclosures of Cash Flow Information:    
Interest paid 5,684 6,058
Income taxes paid 7,320 5,724
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 5,424 $ 5,081