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Employee benefit plans (Tables)
12 Months Ended
Mar. 28, 2020
Employee benefit plans  
Schedule of reconciliation of the changes in the defined benefit obligations, a statement of funded status, and the related weighted-average assumptions

 

 

 

 

 

 

 

 

 

 

March 28,

 

March 30,

 

 

    

2020

    

2019

 

Change in benefit obligation:

 

 

 

 

 

 

 

Projected benefit obligation, beginning of year

 

$

4,862

 

$

4,900

 

Service cost

 

 

46

 

 

51

 

Interest cost

 

 

119

 

 

141

 

Benefits paid

 

 

(145)

 

 

(85)

 

Actuarial loss

 

 

1,240

 

 

364

 

Exchange rate gain

 

 

(345)

 

 

(509)

 

Projected benefit obligation, end of year

 

 

5,777

 

 

4,862

 

Fair value of plan assets, end of year

 

 

 —

 

 

 —

 

Underfunded status, end of year

 

$

(5,777)

 

$

(4,862)

 

Discount rate

 

 

1.3

%  

 

2.6

%  

Rate of pay increases

 

 

3.0

%  

 

3.0

%  

 

Schedule of components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended

 

 

 

March 28,

 

March 30,

 

March 31,

 

 

    

2020

    

2019

    

2018

    

Components of net periodic benefit cost:

 

 

 

 

 

 

 

 

 

 

Defined benefit plans:

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

46

 

$

51

 

$

37

 

Interest cost

 

 

119

 

 

141

 

 

143

 

Amortization of unrecognized net loss

 

 

73

 

 

68

 

 

63

 

Net periodic benefit cost for defined benefit plan

 

 

238

 

 

260

 

 

243

 

Defined contribution plans

 

 

1,661

 

 

2,078

 

 

2,237

 

Total net periodic benefit cost

 

$

1,899

 

$

2,338

 

$

2,480