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Leases
12 Months Ended
Mar. 29, 2025
Leases [Abstract]  
Leases Leases
We lease certain production and retail locations, office space and equipment. We determine if a contract or arrangement is, or contains, a lease at inception. Lease agreements with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheets. Certain lease agreements include one or more options to renew, with renewal terms that can extend the lease term by one to three years or more. Generally, the exercise of lease renewal options is at our discretion. Some agreements also include options to purchase the leased property. The estimated life of assets and leasehold improvements is limited by the expected lease term, unless there is a transfer of title or purchase option that we are reasonably certain to exercise.
 Certain of our lease agreements include rental payments adjusted periodically for inflation. These lease agreements do not contain any material residual value guarantees or material restrictive covenants.
 Right of Use ("ROU") assets represent the right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments in accordance with the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Since our leases do not provide a readily determinable implicit interest rate, we estimate an incremental borrowing rate. In determining the estimated incremental borrowing rate, we consider the lease period and comparable market interest rates, as well as any other information available at the lease commencement date. The lease term includes options to extend or terminate the lease when it is reasonably certain that we will exercise such options.
The following table provides information about the financial statement classification of our lease balances reported within the Consolidated Balance Sheets as of March 29, 2025 and March 30, 2024 (in thousands):
ClassificationMarch 29,
2025
March 30,
2024
ROU assets
Operating lease assetsOperating lease right-of-use assets$35,576 $39,027 
Finance lease assets
Property, plant and equipment, net (1)
5,738 5,913 
Total lease assets$41,314 $44,940 
Lease Liabilities
Current:
   Operating lease liabilitiesAccrued expenses and other current liabilities$5,925 $5,303 
   Finance lease liabilitiesAccrued expenses and other current liabilities83 80 
Non-current:
   Operating lease liabilitiesOperating lease liabilities31,538 35,148 
   Finance lease liabilitiesOther liabilities6,003 6,086 
Total lease liabilities$43,549 $46,617 
(1) Recorded net of accumulated amortization of $0.6 million and $0.4 million as of March 29, 2025 and March 30, 2024, respectively.
The following table provides information about the financial statement classification of our lease expenses reported within the Consolidated Statements of Comprehensive Income for the years ended March 29, 2025, March 30, 2024 and April 1, 2023 (in thousands):
Year Ended
Lease Expense CategoryClassificationMarch 29,
2025
March 30,
2024
April 1,
2023
Operating lease expense (2)
Cost of sales$1,119 $1,119 $1,190 
Selling, general and administrative expenses5,037 4,693 4,059 
Finance lease expense
   Amortization of leased assetsCost of sales145 175 175 
   Interest on lease liabilitiesInterest expense276 279 283 
Total lease expense$6,577 $6,266 $5,707 
(2) Excludes short-term and variable lease expenses, which are immaterial.
Cash payments for operating and finance leases were as follows (in thousands):
 March 29,
2025
March 30,
2024
April 1,
2023
Operating leases$5,648 $6,694 $5,609 
Finance leases267 356 356 
The present value of minimum payments for future fiscal years under non-cancelable leases as of March 29, 2025 was as follows (in thousands):
Operating LeasesFinance LeasesTotal
2026$6,374 $356 $6,730 
20274,901 356 5,257 
20284,332 356 4,688 
20294,120 356 4,476 
20304,074 356 4,430 
Thereafter22,335 9,874 32,209 
46,136 11,654 57,790 
Less: Amount representing interest(8,673)(5,568)(14,241)
$37,463 $6,086 $43,549 
The following table provides information about the weighted average remaining lease terms and weighted average discount rates as of March 29, 2025:
Remaining Lease Term (Years)Discount Rate
   Operating leases9.04.9 %
   Finance leases32.84.5 %
Leases Leases
We lease certain production and retail locations, office space and equipment. We determine if a contract or arrangement is, or contains, a lease at inception. Lease agreements with an initial term of 12 months or less are not recorded in the Consolidated Balance Sheets. Certain lease agreements include one or more options to renew, with renewal terms that can extend the lease term by one to three years or more. Generally, the exercise of lease renewal options is at our discretion. Some agreements also include options to purchase the leased property. The estimated life of assets and leasehold improvements is limited by the expected lease term, unless there is a transfer of title or purchase option that we are reasonably certain to exercise.
 Certain of our lease agreements include rental payments adjusted periodically for inflation. These lease agreements do not contain any material residual value guarantees or material restrictive covenants.
 Right of Use ("ROU") assets represent the right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments in accordance with the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Since our leases do not provide a readily determinable implicit interest rate, we estimate an incremental borrowing rate. In determining the estimated incremental borrowing rate, we consider the lease period and comparable market interest rates, as well as any other information available at the lease commencement date. The lease term includes options to extend or terminate the lease when it is reasonably certain that we will exercise such options.
The following table provides information about the financial statement classification of our lease balances reported within the Consolidated Balance Sheets as of March 29, 2025 and March 30, 2024 (in thousands):
ClassificationMarch 29,
2025
March 30,
2024
ROU assets
Operating lease assetsOperating lease right-of-use assets$35,576 $39,027 
Finance lease assets
Property, plant and equipment, net (1)
5,738 5,913 
Total lease assets$41,314 $44,940 
Lease Liabilities
Current:
   Operating lease liabilitiesAccrued expenses and other current liabilities$5,925 $5,303 
   Finance lease liabilitiesAccrued expenses and other current liabilities83 80 
Non-current:
   Operating lease liabilitiesOperating lease liabilities31,538 35,148 
   Finance lease liabilitiesOther liabilities6,003 6,086 
Total lease liabilities$43,549 $46,617 
(1) Recorded net of accumulated amortization of $0.6 million and $0.4 million as of March 29, 2025 and March 30, 2024, respectively.
The following table provides information about the financial statement classification of our lease expenses reported within the Consolidated Statements of Comprehensive Income for the years ended March 29, 2025, March 30, 2024 and April 1, 2023 (in thousands):
Year Ended
Lease Expense CategoryClassificationMarch 29,
2025
March 30,
2024
April 1,
2023
Operating lease expense (2)
Cost of sales$1,119 $1,119 $1,190 
Selling, general and administrative expenses5,037 4,693 4,059 
Finance lease expense
   Amortization of leased assetsCost of sales145 175 175 
   Interest on lease liabilitiesInterest expense276 279 283 
Total lease expense$6,577 $6,266 $5,707 
(2) Excludes short-term and variable lease expenses, which are immaterial.
Cash payments for operating and finance leases were as follows (in thousands):
 March 29,
2025
March 30,
2024
April 1,
2023
Operating leases$5,648 $6,694 $5,609 
Finance leases267 356 356 
The present value of minimum payments for future fiscal years under non-cancelable leases as of March 29, 2025 was as follows (in thousands):
Operating LeasesFinance LeasesTotal
2026$6,374 $356 $6,730 
20274,901 356 5,257 
20284,332 356 4,688 
20294,120 356 4,476 
20304,074 356 4,430 
Thereafter22,335 9,874 32,209 
46,136 11,654 57,790 
Less: Amount representing interest(8,673)(5,568)(14,241)
$37,463 $6,086 $43,549 
The following table provides information about the weighted average remaining lease terms and weighted average discount rates as of March 29, 2025:
Remaining Lease Term (Years)Discount Rate
   Operating leases9.04.9 %
   Finance leases32.84.5 %