CONDENSED CONDSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Apr. 01, 2017 |
Mar. 26, 2016 |
Mar. 28, 2015 |
| Cash flows from operating activities |
|
|
|
| Net income |
$ 14,197
|
$ 9,868
|
$ 13,730
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation |
14,555
|
11,480
|
6,615
|
| Stock-based compensation |
3,023
|
2,881
|
2,048
|
| Excess tax benefit |
|
(3,621)
|
(681)
|
| Amortization of intangible assets |
2,155
|
2,536
|
2,592
|
| Amortization and write-off of debt issuance fees and debt discount |
1,145
|
2,274
|
3,684
|
| Loss on disposal of property and equipment |
367
|
463
|
134
|
| Store impairment charge |
1,164
|
0
|
0
|
| Accretion of above market leases |
(36)
|
(72)
|
(149)
|
| Deferred taxes |
6,175
|
981
|
1,402
|
| Amortization of inventory fair value adjustment |
0
|
(500)
|
0
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable, net |
(223)
|
1,524
|
(1,672)
|
| Inventories |
(12,761)
|
(16,087)
|
(26,610)
|
| Prepaid expenses and other current assets |
(3,805)
|
7,543
|
(1,667)
|
| Other assets |
5
|
(2,713)
|
(362)
|
| Accounts payable |
10,501
|
6,835
|
7,364
|
| Accrued expenses and other current liabilities |
(483)
|
5,068
|
3,298
|
| Other liabilities |
5,172
|
4,469
|
1,782
|
| Net cash provided by operating activities |
41,151
|
32,929
|
11,508
|
| Cash flows from investing activities |
|
|
|
| Purchases of property and equipment |
(22,293)
|
(36,127)
|
(14,074)
|
| Acquisition of business or assets, net of cash acquired |
(1,305)
|
(146,541)
|
|
| Net cash used in investing activities |
(23,598)
|
(182,668)
|
(14,074)
|
| Cash flows from financing activities |
|
|
|
| Borrowings/(payments) on line of credit - net |
(15,541)
|
32,615
|
(12,424)
|
| Proceeds from loan borrowings |
|
200,938
|
104,938
|
| Repayments on debt and capital lease obligations |
(2,378)
|
(77,899)
|
(130,326)
|
| Debt issuance fees |
|
(6,487)
|
(1,361)
|
| Net proceeds from initial public offering |
|
|
82,224
|
| Tax withholding for net share settlement |
(69)
|
|
|
| Excess tax benefit from stock options |
|
3,621
|
681
|
| Proceeds from exercise of stock options |
1,275
|
2,698
|
464
|
| Dividends paid |
|
|
(41,300)
|
| Net cash (used in)/provided by financing activities |
(16,713)
|
155,486
|
2,896
|
| Net increase in cash and cash equivalents |
840
|
5,747
|
330
|
| Cash and cash equivalents, beginning of period |
7,195
|
1,448
|
1,118
|
| Cash and cash equivalents, end of period |
8,035
|
7,195
|
1,448
|
| Supplemental disclosures of cash flow information: |
|
|
|
| Cash paid for income taxes |
4,192
|
3,296
|
8,297
|
| Cash paid for interest |
13,646
|
10,333
|
11,167
|
| Supplemental disclosure of non-cash activities: |
|
|
|
| Unpaid purchases of property and equipment |
$ 2,421
|
1,992
|
1,374
|
| Equipment acquired through capital lease |
|
$ 38
|
$ 36
|