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Equity-Based Compensation (Tables)
 12 Months Ended
Apr. 01, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Activity Associated with Awards

A summary of the activity associated with these awards is as follows, there was no activity in fiscal 2022 or 2023.

(amounts in thousands)

 

Time Based Restricted Share Awards

 

 

 

Outstanding at March 28, 2020

 

 

145

 

Vested

 

 

(145

)

Outstanding at April 3, 2021

 

 

—

 
Summary of Stock Options Activity A summary of the activity associated with these awards is as follows:

 

 

Shares (in thousands)

 

 

Weighted Average Exercise Price Per Share

 

 

Weighted Average Remaining Term (in years)

 

 

Aggregate Intrinsic Value (in thousands)

 

Outstanding at March 28, 2020

 

 

403

 

 

$

26.29

 

 

 

 

 

 

 

Granted

 

 

138

 

 

$

31.21

 

 

 

 

 

 

 

Exercised

 

 

(5

)

 

$

15.00

 

 

 

 

 

 

 

Outstanding at April 3, 2021

 

 

536

 

 

$

27.50

 

 

 

 

 

 

 

Granted

 

 

13

 

 

$

53.06

 

 

 

 

 

 

 

Exercised

 

 

(61

)

 

$

25.04

 

 

 

 

 

 

 

Forfeitures

 

 

(1

)

 

$

31.68

 

 

 

 

 

 

 

Outstanding at April 2, 2022

 

 

487

 

 

$

28.50

 

 

 

 

 

 

 

Exercised

 

 

(89

)

 

$

27.64

 

 

 

 

 

 

 

Outstanding at April 1, 2023

 

 

398

 

 

$

28.68

 

 

 

6.7

 

 

$

18,525

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at April 1, 2023

 

 

398

 

 

$

28.68

 

 

 

6.7

 

 

$

18,525

 

Exercisable at April 1, 2023

 

 

343

 

 

$

27.97

 

 

 

6.5

 

 

$

16,223

 

 
Summary of Performance Share Units Activity A summary of the activity associated with these awards based on the maximum potential achievement is as follows:

 

Shares (in thousands,

 

 

Weighted Average Grant Date Fair Value Per Unit,

 

 

 

at maximum achievement)

 

 

(at maximum achievement)

 

Outstanding at March 28, 2020

 

 

345

 

 

$

9.23

 

Granted

 

 

92

 

 

$

18.92

 

Outstanding at April 3, 2021

 

 

437

 

 

$

11.27

 

Granted

 

 

188

 

 

$

42.23

 

Vested

 

 

(84

)

 

$

6.38

 

Forfeitures

 

 

(134

)

 

$

3.01

 

Outstanding at April 2, 2022

 

 

407

 

 

$

29.26

 

Granted

 

 

254

 

 

$

42.17

 

Vested

 

 

(128

)

 

$

33.22

 

Forfeitures

 

 

(3

)

 

$

35.88

 

Outstanding at April 1, 2023

 

 

530

 

 

$

26.20

 
Summary of Restricted Share Units and Restricted Share Awards Activity

(units and shares in thousands)

 

Restricted Stock Units

 

Outstanding at March 30, 2019

 

194

 

Granted

 

 

87

 

Forfeitures

 

 

(98

)

Outstanding at April 3, 2021

 

 

183

 

Granted

 

 

109

 

Vested

 

 

(126

)

Forfeitures

 

 

(1

)

Outstanding at April 2, 2022

 

 

165

 

Granted

 

 

267

 

Vested

 

 

(91

)

Forfeitures

 

 

(11

)

Outstanding at April 1, 2023

 

 

330

 
Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Assumptions Used in Black-Scholes Option-Pricing and Monte-Carlo Simulation Model with Weighted-Average Grant Date Fair Value

The assumptions used in the Black-Scholes option-pricing model along with the weighted average grant date fair value for awards granted in the periods presented are as follows:

 

Option Award Assumptions

 

Fiscal 2022

 

 

Fiscal 2021

 

 Weighted-average assumptions used:

 

 

 

 

 

 

Expected volatility

 

 

50.0

%

 

 

45.0

%

Dividend yield

 

 

—

 

 

 

—

 

Risk-free interest rate

 

 

1.0

%

 

 

0.5

%

Expected term, in years

 

 

6.00

 

 

 

6.00

 

Weighted average grant date fair value per share

 

$

25.29

 

 

$

12.48

 

 
Performance Share Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Assumptions Used in Black-Scholes Option-Pricing and Monte-Carlo Simulation Model with Weighted-Average Grant Date Fair Value

The assumptions used in the Monte-Carlo simulation for the performance condition of performance share units along with the weighted-average grant date fair value for awards granted in the periods presented are as follows:

 

Performance Unit Assumptions

 

Fiscal 2023

 

 

Fiscal 2022

 

 

Fiscal 2021

 

Weighted-average assumptions used:

 

 

 

 

 

 

 

 

 

Expected volatility

 

 

57.6

%

 

 

54.8

%

 

 

50.0

%

Dividend yield

 

 

—

 

 

 

—

 

 

 

—

 

Risk-free interest rate

 

 

3.7

%

 

 

1.1

%

 

 

2.0

%

Expected term, in years

 

 

3.00

 

 

 

2.98

 

 

 

3.00

 

Weighted average grant date fair value per share

 

$

84.34

 

 

$

83.04

 

 

$

28.38