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Leases (Tables)
12 Months Ended
Mar. 29, 2020
Leases  
Schedule of maturities of lease liabilities

 

 

 

 

 

 

 

 

As of March 29, 2020

 

Maturities of lease liabilities by fiscal year are as follow:

 

 

 

 

2021

 

$

3,125,500

 

2022

 

 

3,164,000

 

2023

 

 

3,018,300

 

2024

 

 

2,725,700

 

2025

 

 

2,609,900

 

Thereafter

 

 

1,987,600

 

Total

 

 

16,631,000

 

Less: present value discount

 

 

(2,570,700)

 

Present value of lease liabilities

 

$

14,060,300

 

 

 

 

 

 

Weighted-average discount rate:

 

 

3.8%

 

Weighted-average remaining lease term

 

 

5.4 years