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Inventories | 9 Months Ended
--- | ---
Dec. 30, 2023
Inventory Disclosure [Abstract] |
Inventories | Inventories Inventories are comprised of the following (in thousands):
| December 30, |  | March 25,
| 2023 |  | 2023
Work in process | $ | 153,080 |  |  | $ | 116,088 |
Finished goods | 103,595 |  |  | 117,362 |
| $ | 256,675 |  |  | $ | 233,450 |
The increase in inventory balance from fiscal year-end is due to inventory build associated with fulfilling our wafer purchase commitments per our long-term capacity agreement with GLOBALFOUNDRIES Singapore Pte. Ltd. (“GlobalFoundries”). See further details in Note 13 - Commitments and Contingencies.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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