Common Stock and Stock-Based Compensation (Tables)

6 Months Ended

Sep. 27, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity for the six-month period ended September 27, 2024:

	Shares			Weighted-Average Grant Date Fair Value
Outstanding at March 29, 2024		2,215,621		$	29.82
Granted		1,362,512			28.47
Issued		(866,762	)		28.98
Forfeited		(124,702	)		29.49
Outstanding at September 27, 2024		2,586,669		$	29.42

Schedule of Performance Stock Units Activity

The following table summarizes the Company’s PSU activity for the six-month period ended September 27, 2024:

	Shares			Weighted-Average Grant Date Fair Value
Outstanding at March 29, 2024		2,429,393		$	25.64
Granted		528,213			31.06
Excess shares issued due to achievement of performance conditions		12,358			13.94
Issued		(310,917	)		28.81
Forfeited		(65,078	)		34.06
Outstanding at September 27, 2024		2,593,969		$	26.07

Schedule of Stock-Based Compensation Expense

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

	Three-Month Period Ended				Six-Month Period Ended
	September 27, 2024		September 29, 2023		September 27, 2024		September 29, 2023
Cost of goods sold	$	817	$	946	$	1,378	$	3,552
Research and development		3,523		3,602		7,258		6,470
Selling, general and administrative		7,205		6,329		13,027		11,897
Total stock-based compensation	$	11,545	$	10,877	$	21,663	$	21,919