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v3.23.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Mar. 25, 2023
Accounting Policies [Abstract] |
Schedule of Inventories | Inventories were comprised of the following (in thousands):
| March 25, 2023 |  | March 26, 2022
Work in process | $ | 116,088 |  |  | $ | 95,188 |
Finished goods | 117,362 |  |  | 43,248 |
| $ | 233,450 |  |  | $ | 138,436 |
Components of Property, Plant and Equipment | Property, plant and equipment was comprised of the following (in thousands):
| March 25, 2023 |  | March 26, 2022
Land | $ | 23,853 |  |  | $ | 23,853 |
Buildings | 64,056 |  |  | 63,730 |
Furniture and fixtures | 23,909 |  |  | 24,122 |
Leasehold improvements | 55,733 |  |  | 53,611 |
Machinery and equipment | 188,403 |  |  | 175,966 |
Capitalized software | 26,889 |  |  | 26,491 |
Construction in progress and other | 14,350 |  |  | 5,566 |
Total property, plant and equipment | 397,193 |  |  | 373,339 |
Less: Accumulated depreciation and amortization | (234,221) |  |  | (216,262) |
Property, plant and equipment, net | $ | 162,972 |  |  | $ | 157,077 |
Schedule of Earnings Per Share, Basic and Diluted | The following table details the calculation of basic and diluted earnings per share for fiscal years 2023, 2022, and 2021, (in thousands, except per share amounts):
| Fiscal Years Ended
| March 25, 2023 |  | March 26, 2022 |  | March 27, 2021
Numerator: |  |  |  |  |
Net income | $ | 176,703 |  |  | $ | 326,355 |  |  | $ | 217,344 |
Denominator: |  |  |  |  |
Weighted average shares outstanding | 55,614 |  |  | 57,278 |  |  | 58,106 |
Effect of dilutive securities | 1,612 |  |  | 1,865 |  |  | 1,954 |
Weighted average diluted shares | 57,226 |  |  | 59,143 |  |  | 60,060 |
Basic earnings per share | $ | 3.18 |  |  | $ | 5.70 |  |  | $ | 3.74 |
Diluted earnings per share | $ | 3.09 |  |  | $ | 5.52 |  |  | $ | 3.62 |

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