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Leases (Tables)
12 Months Ended
Mar. 30, 2024
Leases [Abstract]  
Summary of Lease Expense Included in Consolidated Statement of Operations Lease expense included in selling, general, and administrative expenses in the accompanying consolidated income statements is shown below:

 

 

Year ended

 

(Dollars in thousands)

 

March 30,
2024

 

 

April 1,
2023

 

Operating lease expense

 

$

10,230

 

 

$

7,237

 

Short-term lease expense

 

 

2,170

 

 

 

2,543

 

Total lease expense

 

$

12,400

 

 

$

9,780

 

 

Schedule of Operating Lease Assets Included in Consolidated Balance Sheet

Operating lease assets and obligations included in the accompanying consolidated balance sheet are shown below:

(Dollars in thousands)

 

March 30,
2024

 

 

April 1,
2023

 

Right-of-use assets under operating leases:

 

 

 

 

 

 

Other long-term assets

 

$

38,661

 

 

$

30,290

 

Lease obligations under operating leases:

 

 

 

 

 

 

Other current liabilities

 

 

7,476

 

 

 

6,917

 

Other long-term liabilities

 

 

31,266

 

 

 

23,373

 

Total lease obligation

 

$

38,742

 

 

$

30,290

 

 

 

Summary of Maturities of Lease Obligations

Maturities of operating lease obligations as of March 30, 2024 are shown below:

(Dollars in thousands)

 

March 30,
2024

 

Fiscal 2025

 

$

11,106

 

Fiscal 2026

 

 

10,052

 

Fiscal 2027

 

 

9,181

 

Fiscal 2028

 

 

6,050

 

Fiscal 2029

 

 

1,991

 

Thereafter

 

 

15,054

 

Total undiscounted cash flows

 

 

53,434

 

Less: imputed interest

 

 

(14,692

)

Lease obligations under operating leases

 

$

38,742

 

 

Schedule of Weighted Average Remaining Lease Term and Discount Rate

The weighted average lease term and discount rate for operating leases are shown below:

 

 

March 30,
2024

 

Weighted average remaining lease term (in years)

 

 

7.9

 

Weighted average discount rate (as percent)

 

 

7.1

 

 

Schedule of Other Information Related to Leases

Other information related to leases is as follows:

 

 

Year ended

 

(Dollars in thousands)

 

March 30,
2024

 

 

April 1,
2023

 

Non-cash activity:

 

 

 

 

 

 

Right-of-use assets obtained in exchange for operating lease obligations

 

$

10,306

 

 

$

19,908

 

Operating cash flows:

 

 

 

 

 

 

Cash paid related to operating lease obligations

 

$

9,878

 

 

$

7,305