Stock-Based Compensation (Tables)

12 Months Ended

Mar. 28, 2020

Share-based Payment Arrangement [Abstract]

The following table summarizes stock option activity for the fiscal years 2020, 2019 and 2018:



	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in thousands)
Options outstanding at April 1, 2017	464,930		$	68.01
Granted	42,000		131.93
Exercised	(87,925	)	42.54
Canceled or expired	(800	)	99.65
Options outstanding at March 31, 2018	418,205		$	79.73	3.78	$	60,439
Granted	73,750		194.08
Exercised	(74,144	)	53.78
Canceled or expired	(6,700	)	150.34
Options outstanding at March 30, 2019	411,111		$	102.71	3.74	$	61,025
Granted	74,750		145.24
Exercised	(120,687	)	63.66
Canceled or expired	(1,000	)	99.65
Options outstanding at March 28, 2020	364,174		$	123.93	4.02	$	49,000

Exercisable at March 31, 2018	203,721		$	61.38	2.49	$	30,631
Exercisable at March 30, 2019	197,663		$	71.28	2.35	$	31,296
Exercisable at March 28, 2020	179,133		$	100.82	2.83	$	25,423

Stock Options, Weighted Average Assumptions

The fair values of options granted were estimated at the date of grant using the following weighted average assumptions:



	Fiscal Year
	2020		2019		2018
Volatility	36.0	%	31.5	%	32.3	%
Risk-free interest rate	2.0	%	2.7	%	1.9	%
Dividend yield	—	%	—	%	—	%
Expected option life in years	4.33		5.18		5.14
Estimated forfeiture rate	7.0	%	7.0	%	7.0	%

Restricted Stock Unit Activity

Restricted Stock Awards. The fair value of restricted stock awards is estimated as the closing price of the Company's common stock on the date of grant. A summary of restricted stock award activity is as follows:



	Number of Shares
	Performance-Based Awards	Service-Based Awards		Total
Outstanding at March 30, 2019	—	—		—
Awarded	7,305	4,900		12,205
Released	—	(400	)	(400	)
Canceled or expired	—	—		—
Outstanding at March 28, 2020	7,305	4,500		11,805
Unvested target stock awards that may vest based upon performance conditions through fiscal year 2022	7,305