Equity-Based Compensation (Tables)

12 Months Ended

Apr. 03, 2021

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:

(amounts in thousands)	Management Incentive Plan Award Units			Time Based Restricted Share Awards			Performance Based Restricted Share Awards
Outstanding at March 31, 2018		12,655			—			—
Granted		1,000			—			—
Exchange of MIP awards for restricted share awards		(13,655	)		290			3,686
Vested		—			—			(3,686	)
Outstanding at March 30, 2019		—			290			—
Vested		—			(145	)		—
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 31, 2018		—
Granted		146		$	15.00
Outstanding at March 30, 2019		146		$	15.00
Granted		266		$	32.11
Exercised		(8	)	$	15.00
Forfeitures		(1	)	$	15.00
Outstanding at March 28, 2020		403		$	26.29
Granted		138		$	31.21
Exercised		(5	)	$	32.04
Outstanding at April 3, 2021		536		$	27.50		8.7	$	10,680
Vested and expected to vest at April 3, 2021		536		$	27.50		8.7	$	10,680
Exercisable at April 3, 2021		199		$	22.64		8.2	$	4,921

Summary of Performance Share Units Activity

A summary of the activity associated with these awards is as follows:

	Shares (in thousands)			Weighted Average Grant Date Fair Value Per Unit
Outstanding at March 31, 2018		—
Granted		146		$	3.62
Outstanding at March 30, 2019		146		$	3.62
Granted		86		$	29.05
Forfeitures		(2	)	$	3.62
Outstanding at March 28, 2020		230		$	13.85
Granted		61		$	28.38
Outstanding at April 3, 2021		291		$	16.90

Summary of Restricted Share Units and Restricted Share Awards Activity

(units and shares in thousands)	Restricted Stock Units			Restricted Share Awards
Outstanding at March 31, 2018		—			—
Granted		158			349
Vested		—			(349	)
Outstanding at March 30, 2019		158			—
Granted		112			—
Vested		(75	)		—
Forfeitures		(1	)
Outstanding at March 28, 2020		194			—
Granted		87			—
Vested		(98	)		—
Outstanding at April 3, 2021		183			—

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 2021			Fiscal 2020			Fiscal 2019
Weighted-average assumptions used:
Expected volatility		45.0	%		30.0	%		25.8	%
Dividend yield		—			—			—
Risk-free interest rate		0.5	%		1.7	%		2.4	%
Expected term, in years		6.00			5.88			5.75
Weighted average grant date fair value per share	$	12.48		$	10.33		$	3.93

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 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 2021			Fiscal 2020			Fiscal 2019
Weighted-average assumptions used:
Expected volatility		50.0	%		30.0	%		29.5	%
Dividend yield		—			—			—
Risk-free interest rate		0.2	%		1.6	%		2.4	%
Expected term, in years		3.00			2.84			2.49
Weighted average grant date fair value per share	$	28.38		$	29.05		$	3.62