Fair Value Measurements (Tables)

9 Months Ended

Dec. 24, 2021

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The following tables present information about the Company’s financial assets and liabilities as of December 24, 2021 and March 26, 2021 measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

	Fair Value Measurement at December 24, 2021 Using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market fund deposits	$	16,348	$	—	$	—	$	16,348
Restricted cash:
Money market fund deposits	7,497		—		—		7,497
Other assets, net (long-term):
Investments in marketable securities	$	13,393	$	—	$	—	$	13,393
Total assets	$	37,238	$	—	$	—	$	37,238
Liabilities:
Other long-term liabilities:
Contingent consideration	$	—	$	—	$	2,700	$	2,700
Total liabilities	$	—	$	—	$	2,700	$	2,700

	Fair Value Measurement at March 26, 2021 Using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market fund deposits	$	16,327	$	—	$	—	$	16,327
Restricted cash:
Money market fund deposits	6,661		—		—		6,661
Total assets	$	22,988	$	—	$	—	$	22,988
Liabilities:
Other long-term liabilities:
Contingent consideration	—		—		4,800		4,800
Total liabilities	$	—	$	—	$	4,800	$	4,800

Unrealized Gains and Losses on Marketable Securities with a Readily Determinable Fair Value

The following table represents the unrealized gains and losses on investments in marketable securities held with a readily determinable fair value for the nine-month period ended December 24, 2021:

Net gains and losses recognized during the period on equity securities	$	4,482
Less: Net gains and losses recognized during the period on equity securities sold during the period	—
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	4,482

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table shows the change in fair value of Level 3 contingent consideration in connection with the fiscal year 2021 purchase of Voxtel, Inc. (“Voxtel”), a privately-held technology company located in Beaverton, Oregon that develops, manufactures and supplies photonic and advanced 3D imaging technologies (the “Voxtel Acquisition”), for the nine-month period ended December 24, 2021:

	Level 3 Contingent  Consideration
Balance at March 26, 2021	$	4,800
Change in fair value of contingent consideration	(2,100)
Balance at December 24, 2021	$	2,700