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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 72,204 $ 65,950
Non-cash items:    
Depreciation and amortization 58,353 46,045
Amortization of fair value inventory step-up 8,978 0
Share-based compensation expense 14,485 13,695
Impairment of intangible assets 2,391 10,419
Gain on repurchase of convertible senior notes, net (12,600) 0
Inventory reserve adjustment 6,074 2,559
Gains on sales of property, plant and equipment (14,412) (444)
Deferred tax benefit (6,176) (1,893)
Other non-cash operating activities 4,523 2,111
Change in operating assets and liabilities:    
Change in accounts receivable (1,608) 2,857
Change in inventories (53,082) (30,654)
Change in prepaid income taxes (3,713) (906)
Change in other assets and other liabilities (13,890) (10,291)
Change in accounts payable and accrued expenses (40,125) 18,762
Net cash provided by operating activities 21,402 118,210
Cash Flows from Investing Activities:    
Capital expenditures (15,089) (16,794)
Non-cash transfers from inventory to property, plant and equipment for Haemonetics equipment (6,754) (17,523)
Acquisition, net of cash acquired (150,906) 0
Proceeds from sale of property, plant and equipment 20,551 921
Other investing activities (10,366) (7,000)
Net cash used in investing activities (162,564) (40,396)
Cash Flows from Financing Activities:    
Proceeds from issuance of convertible notes 700,000 0
Repurchase of convertible senior notes (185,500) 0
Purchase of capped call related to convertible notes (88,200) 0
Term loan borrowings 250,000 0
Term loan redemption (262,500) 0
Payments on revolving facility 50,000 0
Repayment of term loan borrowings (1,563) (5,250)
Debt issuance costs (23,135) 0
Share repurchases (75,000) 0
Proceeds from employee stock purchase plan 3,441 2,871
Proceeds from exercise of stock options 1,212 1,319
Cash used to net share settle employee equity awards (9,794) (5,842)
Other financing activities (73) (868)
Net cash provided by (used in) financing activities 258,888 (7,770)
Effect of exchange rates on cash and cash equivalents 2,757 (3,505)
Net Change in Cash and Cash Equivalents 120,483 66,539
Cash and Cash Equivalents at Beginning of Period 178,800 284,466
Cash and Cash Equivalents at End of Period $ 299,283 $ 351,005