Leases

12 Months Ended

Mar. 31, 2024

Leases [Abstract]

Lessee, Operating Leases

Leases

Lease Obligations. As of March 31, 2024, we were obligated under operating lease agreements for certain manufacturing facilities, warehouse space, the land on which some of our facilities sit, vehicles and information technology equipment. Our leases have remaining lease terms of 1 year to 21 years, some of which include options to extend the lease for up to 15 years.

As of March 31, 2024 and April 2, 2023, our operating lease components with initial or remaining terms in excess of one year were classified on the consolidated balance sheet within right-of-use assets, short-term lease liability and long-term lease liability.

Total lease expense was $4.0 million for the twelve months ended March 31, 2024 and $3.1 million for the twelve months ended April 2, 2023, and includes leases less than 12 months in duration.

Other information related to our operating leases was as follows:

	March 31, 2024		April 2, 2023
Lease Term and Discount Rate
Weighted average remaining lease term (years)	6.48		7.84
Weighted average discount rate	4.0	%	2.8	%

Maturities of lease liabilities as of March 31, 2024 were as follows:

(In thousands)	Operating Leases
Fiscal 2025	$	2,870
Fiscal 2026	2,548
Fiscal 2027	2,079
Fiscal 2028	1,819
Fiscal 2029	1,475
Thereafter	2,819
Total	$	13,610
Less: Interest	(1,602)
Present value of lease liabilities	$	12,008