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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Cash Flows from Operating Activities:    
Net income $ 58,628 $ 29,007
Non-cash items:    
Depreciation and amortization 41,603 54,469
Impairment of assets 1,028 48,721
Share-based compensation expense 12,119 9,730
Deferred tax benefit (3,031) (7,290)
Provision for losses on accounts receivable and inventory 1,057 (1,857)
Gains on divestitures and sale of assets (31,498) (8,083)
Other non-cash operating activities 362 140
Change in operating assets and liabilities:    
Change in accounts receivable 22,391 7,806
Change in inventories (38,189) (59,439)
Change in prepaid income taxes (635) (1,588)
Change in other assets and other liabilities 1,902 (10,616)
Change in accounts payable and accrued expenses (24,770) (28,471)
Net cash provided by operating activities 40,967 32,529
Cash Flows from Investing Activities:    
Capital expenditures (16,035) (17,722)
Acquisition (16,606) 0
Proceeds from divestitures 44,978 9,808
Proceeds from sale of property, plant and equipment 902 15,739
Net cash provided by investing activities 13,239 7,825
Cash Flows from Financing Activities:    
Net increase in short-term loans 90,000 25,000
Repayment of term loan borrowings (8,750) (4,375)
Share repurchases 0 (125,000)
Proceeds from employee stock purchase plan 2,144 1,830
Proceeds from exercise of stock options 1,259 6,046
Other (20) 72
Net cash provided by (used in) financing activities 84,633 (96,427)
Effect of exchange rates on cash and cash equivalents 3,019 (1,248)
Net Change in Cash and Cash Equivalents 141,858 (57,321)
Cash and Cash Equivalents at Beginning of Period 137,311 169,351
Cash and Cash Equivalents at End of Period 279,169 112,030
Supplemental Disclosures of Cash Flow Information:    
Interest paid 4,637 6,260
Income taxes paid 4,099 8,535
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 4,203 $ 5,780