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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 30, 2024
Mar. 25, 2023
Mar. 26, 2022
Operating activities      
Net income $ 37,571 $ 39,048 $ 61,568
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 72,204 77,037 81,169
Share-based compensation expense 4,308 5,651 4,330
Gain on disposal of assets (1,187) (4,668) (932)
Gain on divestiture   (2,394)  
Impairment of long-lived assets 1,915 982 759
Deferred income tax expense 9,031 4,242 14,019
Change in operating assets and liabilities (excluding acquisitions and divestitures)      
Accounts receivable 1,556 (2,483) 527
Inventories (6,354) (18,205) (2,390)
Other current assets (7,356) (8,962) (6,679)
Other non-current assets 46,028 36,841 31,115
Accounts payable (9,784) 129,735 19,611
Accrued expenses 14,929 (2,651) (3,984)
Federal and state income taxes payable 339 (2,380) 13,765
Other long-term liabilities (37,827) (36,403) (38,674)
Long-term income taxes payable (177) (374) (445)
Cash provided by operating activities 125,196 215,016 173,759
Investing activities      
Capital expenditures (25,480) (38,990) (27,830)
Acquisitions, net of cash acquired   (6,685) (83,333)
Proceeds from divestiture   56,586  
Deferred proceeds received from divestiture 20,596 8,671  
Proceeds from the disposal of assets 2,953 7,220 1,240
Other (25) (256) 122
Cash (used for) provided by investing activities (1,956) 26,546 (109,801)
Financing activities      
Proceeds from borrowings 155,568 156,795 166,276
Principal payments on long-term debt, finance leases and financing obligations (197,599) (267,804) (219,219)
Repurchase of stock (44,044) (96,919)  
Exercise of stock options 17 733 2,144
Dividends paid (35,505) (36,404) (34,674)
Deferred financing costs   (1,027) (497)
Cash used for financing activities (121,563) (244,626) (85,970)
Increase (decrease) in cash and equivalents 1,677 (3,064) (22,012)
Cash and equivalents at beginning of period 4,884 7,948 29,960
Cash and equivalents at end of period 6,561 4,884 7,948
Supplemental information      
Interest paid, net 19,882 22,857 24,312
Income taxes paid, net of (refund) 5,283 16,936 (11,611)
Leased assets (reduced) obtained in exchange for (reduced) new finance lease liabilities (5,258) (11,156) 8,833
Leased assets obtained in exchange for new operating lease liabilities $ 28,652 $ 30,142 $ 12,401