Consolidated statements of cash flows - USD ($)
$ in Thousands |
6 Months Ended |
Sep. 26, 2020 |
Sep. 28, 2019 |
| Operating activities |
|
|
| Net income (loss) |
$ 3,530
|
$ (453)
|
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
| Depreciation and amortization |
17,772
|
18,448
|
| Stock-based compensation |
2,809
|
1,776
|
| Gain on disposal of assets |
(6)
|
(4)
|
| Deferred tax benefit |
(4,726)
|
(1,810)
|
| Non-cash interest |
931
|
931
|
| Other |
80
|
199
|
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
(2,529)
|
(1,858)
|
| Inventory |
8,748
|
(25,988)
|
| Prepaid expenses and other assets |
(2,266)
|
310
|
| Accounts payable and accrued liabilities |
46,227
|
17,424
|
| Net change in lease assets and liabilities |
9,672
|
122
|
| Income taxes |
7,493
|
(4,254)
|
| Other noncurrent liabilities |
3,448
|
912
|
| Net cash provided by operating activities |
91,183
|
5,755
|
| Investing activities |
|
|
| Additions to property and equipment |
(6,864)
|
(21,534)
|
| Proceeds from sale of property and equipment |
6
|
4
|
| Net cash used in investing activities |
(6,858)
|
(21,530)
|
| Financing activities |
|
|
| Borrowings on revolving lines of credit |
22,242
|
35,428
|
| Payments on revolving lines of credit |
(30,849)
|
(29,676)
|
| Borrowings on long-term debt |
|
29,000
|
| Payments on long-term debt |
(81,482)
|
(16,775)
|
| Payment of taxes with shares withheld upon restricted stock vesting |
(406)
|
(356)
|
| Net cash (used in) provided by financing activities |
(90,495)
|
17,621
|
| Effect of exchange rate changes on cash |
262
|
(181)
|
| Net (decrease) increase in cash |
(5,908)
|
1,665
|
| Cash at beginning of fiscal period |
67,755
|
7,364
|
| Cash at end of fiscal period |
61,847
|
9,029
|
| Supplemental information for non-cash investing and financing activities: |
|
|
| Purchases of property and equipment (included in accounts payable) |
$ 548
|
$ 1,177
|