XML 22 R11.htm IDEA: XBRL DOCUMENT v3.22.2
Assets Held for Sale
3 Months Ended
Jul. 01, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale Assets Held for Sale
Assets held for sale
During fiscal 2020, we reclassified certain land and buildings previously reported as property and equipment to assets held for sale when the properties were approved for immediate sale in their present condition and the sale was expected to be completed within one year.
We continue to actively market the remaining properties for sale; however, during fiscal 2023, the commercial real estate market continues to be adversely affected by the COVID-19 pandemic, which delayed the expected timing of sale. We have taken into consideration the current real estate values and demand and continue to execute plans to sell these properties. As of July 1, 2022, these assets are classified as assets held for sale. During the three months ended July 1, 2022, there were no impairments because the fair value of the properties less costs to sell either equals or exceeds their carrying value.