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Common Stock and Stock-Based Compensation (Tables) | 12 Months Ended
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Mar. 26, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Stock Issued in Common Stock Conversion | The following table presents the respective number of shares of common stock and unvested restricted common stock issued in the Common Stock Conversion. The number of shares of common stock and unvested restricted common stock issuable are based upon the vesting provisions of the outstanding shares and reflect the shares vested and unvested at the date of conversion.
| Shares of Common Stock |  | Shares of Unvested Restricted Common Stock |  | Total Shares of Common Stock
Class A common stock | 156,155,403 |  |  | — |  |  | 156,155,403 |
Class L common stock | 7,816,614 |  |  | 459,749 |  |  | 8,276,363 |
Total | 163,972,017 |  |  | 459,749 |  |  | 164,431,766 |
Schedule of Restricted Stock Units Activity | The following table summarizes RSU activity for the fiscal years ended March 26, 2021 and March 27, 2020:
| Number of Shares |  | Weighted-Average Grant-Date Fair Value |  | Weighted-Average Remaining Contractual Life (In years) |  | Aggregate Intrinsic Value
Outstanding - March 29, 2019 | — |  |  | — |  |  | — |  |  | — |
Outstanding - March 27, 2020 | — |  |  | $ | — |  |  | — |  |  | $ | — |
Granted | 1,428,932 |  |  | 14.06 |  |  |  |  |
Vested | (160,063) |  |  | 14.00 |  |  |  |  |
Canceled | (43,713) |  |  | 14.00 |  |  |  |  |
Outstanding - March 26, 2021 | 1,225,156 |  |  | $ | 14.07 |  |  | 1.70 |  | $ | 30,960 |
Schedule of Performance Units Fair Value Assumptions | The weighted-average fair value of the PSUs was determined using the Monte Carlo simulation model incorporating the following weighted-average assumptions:
| Fiscal Year 2021
Performance term | 2.42 years
Volatility | 49.9%
Risk-free rate of return | 0.17%
Dividend yield | —%
Weighted-average fair value per share | $14.00
Summary of Performance Stock Units Activity | The following table summarizes PSU activity for the fiscal years ended March 26, 2021 and March 27, 2020:
| Number of Shares |  | Weighted-Average Grant-Date Fair Value |  | Weighted-Average Remaining Contractual Life (In years) |  | Aggregate Intrinsic Value
Outstanding - March 29, 2019 | — |  |  | — |  |  | — |  |  | — |
Outstanding - March 27, 2020 | — |  |  | $ | — |  |  | — |  |  | $ | — |
Granted | 650,302 |  |  | 15.05 |  |  |  |  |
Vested | — |  |  | — |  |  |  |  |
Canceled | — |  |  | — |  |  |  |  |
Outstanding - March 26, 2021 | 650,302 |  |  | $ | 15.05 |  |  | 2.65 |  | $ | 16,433 |
Summary of Unvested Restricted Common Stock Activity | The following table summarizes unvested restricted common stock activity for the fiscal years ended March 26, 2021 and March 27, 2020:
| Number of Shares |  | Weighted-Average Grant-Date Fair Value |  | Weighted-Average Remaining Contractual Life |  | Aggregate Intrinsic Value
Outstanding - March 29, 2019 | — |  |  | — |  |  | — |  |  | — |
Outstanding - March 27, 2020 | — |  |  | — |  |  | — |  |  | — |
Common stock conversion | 459,749 |  |  | 14.00 |  |  |  |  |
Vested | (50,170) |  |  | 14.00 |  |  |  |  |
Canceled | (3,252) |  |  | 14.00 |  |  |  |  |
Outstanding - March 26, 2021 | 406,327 |  |  | $ | 14.00 |  |  | 1.79 |  | $ | 10,268 |
Schedule of Stock-Based Compensation Expense | The Company recorded stock-based compensation expense in the following expense categories of its consolidated statements of operations:
|  | Fiscal Year Ended
|  | March 26, 2021 |  | March 27, 2020 |  |
Cost of sales |  | $ | 5,158 |  |  | $ | 183 |  |  |
Research and development |  | 3,573 |  |  | 87 |  |  |
Selling, general and administrative |  | 41,139 |  |  | 1,165 |  |  |
Total stock-based compensation |  | $ | 49,870 |  |  | $ | 1,435 |  |  |
Schedule of ESPP Fair Value Assumptions | The weighted-average fair value of the ESPP shares was determined using the Black-Scholes model incorporating the following weighted-average assumptions:
| Fiscal Year 2021
Performance term | 0.50 years
Volatility | 55.02%
Risk-free rate of return | 0.09%
Dividend yield | —%
Weighted-average fair value per share | $7.77

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