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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 25, 2023
Mar. 26, 2022
Mar. 27, 2021
Operating activities      
Net income $ 39,048 $ 61,568 $ 34,319
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 77,037 81,169 77,304
Share-based compensation expense 5,651 4,330 2,391
Gain on disposal of assets (4,668) (932) (491)
Gain on divestiture (2,394)    
Impairment of long-lived assets 982 759 144
Deferred income tax expense 4,242 14,019 10,854
Change in operating assets and liabilities (excluding acquisitions and divestitures)      
Accounts receivable (2,483) 527 (814)
Inventories (18,205) (2,390) 26,570
Other current assets (8,962) (6,679) (7,406)
Other non-current assets 36,841 31,115 33,303
Accounts payable 129,735 19,611 12,874
Accrued expenses (2,651) (3,984) 21,355
Federal and state income taxes payable (2,380) 13,765 (2,788)
Other long-term liabilities (36,403) (38,674) (22,326)
Long-term income taxes payable (374) (445) (384)
Cash provided by operating activities 215,016 173,759 184,905
Investing activities      
Capital expenditures (38,990) (27,830) (51,725)
Acquisitions, net of cash acquired (6,685) (83,333) (17,154)
Proceeds from divestiture 56,586    
Deferred proceeds received from divestiture 8,671    
Proceeds from the disposal of assets 7,220 1,240 659
Other (256) 122 1,960
Cash provided by (used for) investing activities 26,546 (109,801) (66,260)
Financing activities      
Proceeds from borrowings 156,795 166,276  
Principal payments on long-term debt, finance leases and financing obligations (267,804) (219,219) (409,783)
Repurchase of stock (96,919)    
Exercise of stock options 733 2,144 6,278
Dividends paid (36,404) (34,674) (29,782)
Deferred financing costs (1,027) (497) (874)
Cash used for financing activities (244,626) (85,970) (434,161)
Decrease in cash and equivalents (3,064) (22,012) (315,516)
Cash and equivalents at beginning of period 7,948 29,960 345,476
Cash and equivalents at end of period 4,884 7,948 29,960
Supplemental information      
Interest paid, net 22,857 24,312 26,376
Income taxes paid, net of (refund) 16,936 (11,611) 2,334
Leased assets (reduced) obtained in exchange for (reduced) new finance lease liabilities (11,156) 8,833 104,165
Leased assets obtained in exchange for new operating lease liabilities $ 30,142 $ 12,401 $ 24,409