XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Cash Flows from Operating Activities:    
Net income $ 86,018 $ 33,634
Non-cash items:    
Depreciation and amortization 69,453 72,934
Impairment of assets 94 5,144
Share-based compensation expense 18,525 19,262
Amortization of deferred financing costs 1,098 2,608
Provision (benefit ) for losses on inventory 483 (280)
Gain on closing of transaction 382 9,603
Contingent consideration (504) 10,272
Other non-cash operating activities 1,046 8,397
Change in operating assets and liabilities:    
Change in accounts receivable (24,370) (28,736)
Change in inventories 34,506 11,589
Change in prepaid income taxes 1,970 4,400
Change in other assets and other liabilities (10,664) (6,010)
Change in accounts payable and accrued expenses 16,174 (19,398)
Net cash provided by operating activities 193,447 104,213
Cash Flows from Investing Activities:    
Capital expenditures (98,272) (61,394)
Acquisition (2,850) (2,500)
Proceeds from divestiture 850 10,642
Proceeds from sale of property, plant and equipment 7,695 1,419
Other investments (33,205) 0
Net cash used in investing activities (125,782) (51,833)
Cash Flows from Financing Activities:    
Term loan borrowings 280,000 0
Term loan redemption (280,000) 0
Proceeds from revolving facility 50,000 0
Repayments of Long-term Lines of Credit (50,000) 0
Repayment of term loan borrowings (7,875) (13,125)
Debt issuance costs (1,118) 0
Share repurchases (75,000) 0
Contingent consideration payments (21,593) 0
Proceeds from employee stock purchase plan 4,378 4,210
Proceeds from exercise of stock options 2,479 1,923
Other (32) 8
Net cash used in financing activities (98,761) (6,984)
Effect of exchange rates on cash and cash equivalents (4,398) (824)
Net Change in Cash and Cash Equivalents (35,494) 44,572
Cash and Cash Equivalents at Beginning of Period 259,496 192,305
Cash and Cash Equivalents at End of Period 224,002 236,877
Supplemental Disclosures of Cash Flow Information:    
Transfers from inventory to fixed assets for placement of Haemonetics equipment $ 77,946 $ 25,385