Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 29, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Assets and Liabilities

The following summarizes the fair value of our financial instruments at March 29, 2025 (in thousands):

 

	Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
Assets:
Cash equivalents
Money market funds	$	491,467	$	—	$	—	$	491,467
Available-for-sale securities
Corporate debt securities	$	—	$	286,465	$	—	$	286,465
U.S. Treasury securities	8,731		—		—		8,731
	$	8,731	$	286,465	$	—	$	295,196

The following summarizes the fair value of our financial instruments at March 30, 2024 (in thousands):

	Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3		Total
Assets:
Cash equivalents
Money market funds	$	439,065	$	—	$	—	$	439,065
Certificates of deposit	—		400		—		400
	$	439,065	$	400	$	—	$	439,465
Available-for-sale securities
Corporate debt securities	$	—	$	185,393	$	—	$	185,393
U.S. Treasury securities	9,769		—		—		9,769
Agency discount notes	—		1,124		—		1,124
Commercial paper	$	—	$	866	$	—	$	866
	$	9,769	$	187,383	$	—	$	197,152