Common Stock and Stock-Based Compensation (Tables)

6 Months Ended

Sep. 29, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the six months ended September 29, 2023:

	Shares			Weighted-Average Grant Date Fair Value
Outstanding at March 31, 2023		2,251,224		$	23.85
Granted		907,364			38.32
Issued		(782,561	)		24.11
Forfeited		(60,452	)		25.65
Outstanding at September 29, 2023		2,315,575		$	29.41

Schedule of Performance Stock Units Activity

The following table summarizes the Company’s PSU activity for the six months ended September 29, 2023:

	Shares			Weighted-Average Grant Date Fair Value
Outstanding at March 31, 2023		2,748,347		$	23.47
Granted		298,783			40.56
Excess shares issued due to achievement of performance condition		462,739			24.99
Issued		(215,883	)		24.79
Forfeited		(47,414	)		23.28
Outstanding at September 29, 2023		3,246,572		$	24.32

Schedule of Stock-Based Compensation Expense

The Company recorded stock-based compensation expense in the following expense categories of its unaudited condensed consolidated statements of operations:

	Three-Month Period Ended				Six-Month Period Ended
	September 29, 2023		September 23, 2022		September 29, 2023		September 23, 2022
Cost of sales	$	946	$	1,124	$	3,552	$	1,956
Research and development		3,602		1,711		6,470		2,839
Selling, general and administrative		6,329		5,369		11,897		37,545
Total stock-based compensation	$	10,877	$	8,204	$	21,919	$	42,340