Retirement Plans (Tables)

3 Months Ended

Jun. 24, 2022

Retirement Benefits [Abstract]

Schedule of Expense Related to Defined Benefit Plan

Expense related to the non-United States (“U.S.”) defined benefit plan was as follows:

	Three-Month Period Ended
	June 24, 2022		June 25, 2021
Service cost	$	328	$	383
Interest cost	197		166
Expected return on plan assets	(78)		(79)
Amortization of prior service cost	(2)		—
Actuarial loss	21		53
Net periodic pension expense	$	466	$	523

Fair Value of Entity's Plan Assets

The table below sets forth the fair value of the entity’s plan assets as of June 24, 2022 and March 25, 2022, using the same three-level hierarchy of fair value inputs described in the significant accounting policies included in the Company’s 2022 Annual Report.

	Fair Value at June 24, 2022		Level 1		Level 2		Level 3
Assets of non-U.S. defined benefit plan:
Government securities	$	1,834	$	1,834	$	—	$	—
Unit investment trust fund	1,194		—		1,194		—
Loans	555		—		—		555
Bonds	607		—		607		—
Stocks and other investments	2,193		1,166		2		1,025
Total	$	6,383	$	3,000	$	1,803	$	1,580

	Fair Value at March 25, 2022		Level 1		Level 2		Level 3
Assets of non-U.S. defined benefit plan:
Government securities	$	1,920	$	1,920	$	—	$	—
Unit investment trust fund	1,165		—		1,165		—
Loans	553		—		—		553
Bonds	676		—		676		—
Stocks and other investments	2,783		1,716		2		1,065
Total	$	7,097	$	3,636	$	1,843	$	1,618

Schedule of Changes in Fair Value of Level 3 Plan Assets

The following table shows the change in fair value of Level 3 plan assets for the three months ended June 24, 2022 and June 25, 2021:

	Level 3 Non-U.S. Defined Plan Assets
	Loans		Stocks
Balance at March 25, 2022	$	553	$	1,065
Additions during the year	171		—
Redemptions during the year	(152)		—
Revaluation of equity securities	4		—
Change in foreign currency exchange rates	(21)		(40)
Balance at June 24, 2022	$	555	$	1,025
Balance at March 26, 2021	$	584	$	1,133
Additions during the year	159		—
Redemptions during the year	(107)		—
Revaluation of equity securities	(1)		—
Change in foreign currency exchange rates	(2)		(3)
Balance at June 25, 2021	$	633	$	1,130