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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Mar. 29, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Total Stock-Based Compensation Cost and Associated Income Tax Benefits | Total stock-based compensation cost and the associated income tax benefits recognized in the Consolidated Statements of Operations, on a continuing operations basis, are as follows:
|  | Year Ended March
(In thousands) |  | 2025 |  |  | 2024 |  | 2023
Stock-based compensation cost |  | $ | 73,247 |  |  |  | $ | 57,829 |  |  | $ | 40,040 |
Income tax benefits |  | 16,299 |  |  |  | 12,849 |  |  | 9,072 |
Schedule of Assumption Used and Resulting Weighted Average Fair Value of Stock Option Granted | The grant date fair value of each option award was calculated using a lattice option-pricing valuation model, which incorporated a range of assumptions for inputs as follows:
|  | Year Ended March
|  | 2025 |  |  | 2024 |  | 2023
Expected volatility |  | 37% to 53% |  |  | 33% to 54% |  | 30% to 46%
Weighted average expected volatility |  | 47% |  |  | 42% |  | 39%
Expected term (in years) |  | 5.5 to 7.3 |  |  | 5.9 to 7.8 |  | 6.0 to 7.8
Weighted average dividend yield |  | 2.2% |  |  | 3.7% |  | 2.9%
Risk-free interest rate |  | 3.80% to 5.43% |  |  | 3.80% to 5.50% |  | 1.53% to 4.89%
Weighted average fair value at date of grant |  | $5.31 |  |  | $5.74 |  | $13.46
Schedule of Stock Option Activity | Stock option activity for the year ended March 2025 is summarized as follows:
| Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (In thousands)
Outstanding, March 2024 | 13,034,540 |  |  | $ | 45.04 |  |  |  |  |
Granted | 6,580,674 |  |  | 13.30 |  |  |  |  |
Exercised | (174,882) |  |  | 17.86 |  |  |  |  |
Forfeited/cancelled | (2,359,894) |  |  | 47.14 |  |  |  |  |
Outstanding, March 2025 | 17,080,438 |  |  | $ | 32.80 |  |  | 7.2 |  | $ | 17,174 |
Exercisable, March 2025 | 7,584,683 |  |  | $ | 53.51 |  |  | 5.3 |  | $ | 102 |
Schedule of RSU Activity | RSU and stock unit activity for the year ended March 2025 is summarized as follows:
| Performance-based |  | Nonperformance-based
| Number Outstanding (a) |  | Weighted Average Grant Date Fair Value |  | Number Outstanding |  | Weighted Average Grant Date Fair Value
Outstanding, March 2024 | 1,132,322 |  |  | $ | 40.14 |  |  | 4,305,296 |  |  | $ | 24.68 |
Granted | 1,544,680 |  |  | 16.61 |  |  | 3,684,775 |  |  | 17.13 |
Issued as Common Stock | — |  |  | — |  |  | (980,773) |  |  | 37.79 |
Forfeited/cancelled | (275,230) |  |  | 86.13 |  |  | (997,448) |  |  | 19.91 |
Outstanding, March 2025 | 2,401,772 |  |  | $ | 19.60 |  |  | 6,011,850 |  |  | $ | 18.70 |
Vested, March 2025 | 840,579 |  |  | $ | 23.98 |  |  | 329,772 |  |  | $ | 20.58 |
(a)Reflects activity at target level of awards and has not been adjusted for performance and market conditions, except for awards issued during the period.
Schedule of Restricted Stock Activity | Restricted stock activity for the year ended March 2025 is summarized below:
| Nonvested Shares Outstanding |  | Weighted Average Grant Date Fair Value
Nonvested shares, March 2024 | 263,083 |  |  | $ | 65.90 |
Granted | — |  |  | — |
Dividend equivalents | 737 |  |  | 14.99 |
Vested | (214,363) |  |  | 77.35 |
Forfeited | (37,844) |  |  | 47.22 |
Nonvested shares, March 2025 | 11,613 |  |  | $ | 71.43 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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