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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Cash Flows from Operating Activities:    
Net income $ 29,007 $ 15,907
Non-cash items:    
Depreciation and amortization 54,469 51,692
Impairment of assets 48,721 21,170
Share-based compensation expense 9,730 7,961
Deferred tax benefit (7,290) 0
Provision for losses on accounts receivable and inventory (1,857) 549
Gain on sale of assets (8,083) 0
Other non-cash operating activities 140 1,277
Change in operating assets and liabilities:    
Change in accounts receivable 7,806 (13,326)
Change in inventories (59,439) (3,912)
Change in other assets and other liabilities (12,204) 3,746
Change in accounts payable and accrued expenses (28,471) (4,585)
Net cash provided by operating activities 32,529 80,479
Cash Flows from Investing Activities:    
Capital expenditures (17,722) (76,002)
Proceeds from divestiture 9,808 0
Proceeds from sale of property, plant and equipment 15,739 656
Net cash provided by (used in) investing activities 7,825 (75,346)
Cash Flows from Financing Activities:    
Net increase in short-term loans 25,000 0
Term loan borrowings 0 347,780
Repayment of term loan borrowings (4,375) (258,103)
Other 72 0
Proceeds from employee stock purchase plan 1,830 1,780
Proceeds from exercise of stock options 6,046 7,127
Share repurchases (125,000) (80,000)
Net cash (used in) provided by financing activities (96,427) 18,584
Effect of exchange rates on cash and cash equivalents (1,248) (4,123)
Net Change in Cash and Cash Equivalents (57,321) 19,594
Cash and Cash Equivalents at Beginning of Period 169,351 180,169
Cash and Cash Equivalents at End of Period 112,030 199,763
Supplemental Disclosures of Cash Flow Information:    
Interest paid 6,260 5,833
Income taxes paid 8,535 5,053
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 5,780 $ 12,099