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Income Taxes (Tables)

12 Months Ended

Mar. 26, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The components of income before income taxes include the following:

															Fiscal Year Ended
															March 26, 2021						March 27, 2020
Income before provision for incomes attributable to:
Domestic operations															$	(2,288)					$	34,425
Foreign operations															837						18,853
Total															$	(1,451)					$	53,278

Schedule of Tax Provision

Significant components of the provision (benefit) for income tax are as follows:

															Fiscal Year Ended
															March 26, 2021						March 27, 2020
Current:
Federal															$	(3,821)					$	15,146
State															1,085						1,468
Foreign															2,115						4,468
Total current															(621)						21,082
Deferred:
Federal															(17,564)						(4,431)
State															(1,016)						18
Foreign															(351)						(496)
Total deferred															(18,931)						(4,909)
Total income tax provision															$	(19,552)					$	16,173

Schedule of Income Taxes Reconciliation

The difference between the tax provision at the statutory federal tax rate and the provision for income taxes is as follows:

															Fiscal Year Ended
															March 26, 2021						March 27, 2020
Tax provision at U.S. statutory rate															$	(305)					$	11,189
Stock based compensation															(13,303)						—
CARES carryback claim and amended returns															(3,834)						—
PSL Divestiture															(2,009)						—
Research and development tax credit															(2,162)						(1,841)
FDII															—						(1,188)
BEAT															—						1,694
GILTI															—						86
Transaction costs															1,498						—
Foreign tax rate															1,279						283
State income taxes, net of federal benefit															356						514
Deferred tax remeasurement															309						—
Subpart F income, net of credits															43						—
Provision for uncertain tax positions															26						361
Provision for IRS audit settlement															—						5,491
Transition tax															—						—
Gain on contingent purchase price reduction															(525)						—
Cumulative provision-to-return															(862)						(186)
Other															(63)						(230)
Total income tax provision															$	(19,552)					$	16,173

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows:

															March 26, 2021						March 27, 2020
Deferred income tax assets:
Net operating loss															$	11,054					$	2,037
Bonuses, commissions and other compensation															9,304						8,793
Tax credits															8,698						6,600
Inventory and sales related															6,304						6,696
Stock-based compensation															821						—
Capitalized transaction costs															—						259
Other accruals and reserves															2,050						1,879
Gross deferred income tax assets															38,231						26,264
Valuation allowance for deferred income tax assets															(5,025)						(4,206)
Total deferred income tax assets															33,206						22,058
Deferred income tax liabilities:
Fixed assets and intangibles															(4,366)						(14,162)
Equity method investment in PSL															(1,868)						—
Stock-based compensation															—						(679)
Total deferred income tax liabilities															(6,234)						(14,841)
Net deferred income tax assets															$	26,972					$	7,217

Schedule of Unrecognized Tax Benefits Roll Forward

															Fiscal Year Ended
															March 26, 2021						March 27, 2020
Beginning balance															$	2,559					$	6,264
Gross increases-tax positions in prior period															55						4,863
Gross decreases-tax positions in prior period settlement															—						(8,513)
Lapse in statute of limitations															(60)						(55)
Balance at end of period															$	2,554					$	2,559

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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