Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 26, 2022

Accounting Policies [Abstract]

Schedule of Inventories

Inventories were comprised of the following (in thousands):

 

	March 26, 2022		March 27, 2021
Work in process	$	95,188	$	92,073
Finished goods	43,248		81,190
	$	138,436	$	173,263

Components of Property, Plant and Equipment

Property, plant and equipment was comprised of the following (in thousands):

 

	March 26, 2022		March 27, 2021
Land	$	23,853	$	23,853
Buildings	63,730		63,803
Furniture and fixtures	24,122		23,733
Leasehold improvements	53,611		52,041
Machinery and equipment	175,966		160,400
Capitalized software	26,491		26,152
Construction in progress and other	5,566		950
Total property, plant and equipment	373,339		350,932
Less: Accumulated depreciation and amortization	(216,262)		(195,990)
Property, plant and equipment, net	$	157,077	$	154,942

Schedule of Earnings Per Share, Basic and Diluted

The following table details the calculation of basic and diluted earnings per share for fiscal years 2022, 2021, and 2020, (in thousands, except per share amounts):

 

	Fiscal Years Ended
	March 26, 2022		March 27, 2021		March 28, 2020
Numerator:
Net income	$	326,355	$	217,344	$	159,498
Denominator:
Weighted average shares outstanding	57,278		58,106		58,317
Effect of dilutive securities	1,865		1,954		2,145
Weighted average diluted shares	59,143		60,060		60,462
Basic earnings per share	$	5.70	$	3.74	$	2.74
Diluted earnings per share	$	5.52	$	3.62	$	2.64