v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 28, 2025
Jun. 29, 2024
OPERATING ACTIVITIES    
Net income $ 51,642 $ 34,429
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 5,169 4,761
Provision for credit losses (64) 89
Deferred income taxes 558 7
Stock-based compensation expense 3,564 2,195
Non-cash interest income, net (239) (286)
Loss on sale or retirement of property, plant and equipment, net 80 11
Gain on investments and sale of loans, net (1,054) (177)
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable (10,390) (7,977)
Proceeds from sales of consumer loans receivable 13,774 14,504
Inventories (5,373) (3,505)
Prepaid expenses and other current assets 7,561 5,648
Accounts payable, accrued expenses and other liabilities 13,372 22,921
Net cash provided by operating activities 55,523 47,393
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (9,138) (4,975)
Proceeds from sale of property, plant and equipment 0 10
Purchases of investments (6,438) (4,547)
Proceeds from sale of investments 7,861 4,163
Net cash used in investing activities (7,715) (5,349)
FINANCING ACTIVITIES    
Payments for taxes on stock option exercises and releases of equity awards (4,709) (2,349)
Proceeds from exercise of stock options 29 0
Payments on finance leases and other secured financings (49) (51)
Payments for common stock repurchases (50,000) (29,463)
Net cash used in financing activities (54,729) (31,863)
Net (decrease) increase in cash, cash equivalents and restricted cash (6,921) 10,181
Cash, cash equivalents and restricted cash at beginning of the fiscal year 375,345 368,753
Cash, cash equivalents and restricted cash at end of the period 368,424 378,937
Supplemental disclosures of cash flow information    
Cash paid for income taxes 5,419 4,720
Cash paid for interest 68 22
Supplemental disclosures of noncash activity    
Change in GNMA loans eligible for repurchase 563 76
Right-of-use assets recognized and operating lease obligations incurred 0 1,315
Net income 51,642 34,429
Consumer Loans Receivable    
Changes in operating assets and liabilities, net of acquisitions    
Loans receivable originated (15,231) (20,833)
Commercial Loans Receivable    
Changes in operating assets and liabilities, net of acquisitions    
Loans receivable originated (42,378) (26,750)
Principal payments received on loans receivable $ 34,532 $ 22,356