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Retirement Plans (Tables)

9 Months Ended

Dec. 25, 2020

Retirement Benefits [Abstract]

Schedule of Expense Related to Defined Benefit Plan

Expense related to the non-U.S. defined benefit plan was as follows:

			Three-Month Period Ended												Nine-Month Period Ended
			December 25, 2020						December 27, 2019						December 25, 2020						December 27, 2019
Service cost			$	296					$	242					$	843					$	717
Interest cost			166						169						474						503
Expected return on plan assets			(79)						(83)						(231)						(247)
Amortization of net transition asset			—						(4)						—						(10)
Amortization of prior service cost			2						2						6						6
Actuarial loss			47						24						126						72
Net periodic pension expense			$	432					$	350					$	1,218					$	1,041

Fair Value of Entity's Plan Assets

The table below sets forth the fair value of the entity’s plan assets as of December 25, 2020 and March 27, 2020, using the same three-level hierarchy of fair value inputs described in the significant accounting policies included in the audited consolidated financial statements as of March 27, 2020 and for the year then ended, which are included in the previously filed Registration Statement.

			Fair Value at December 25, 2020						Level 1						Level 2						Level 3
Assets of non-U.S. defined benefit plan:
Government securities			$	1,826					$	1,826					$	—					$	—
Unit investment trust fund			1,155						—						1,155						—
Loans			562						—						—						562
Bonds			1,193						—						1,193						—
Stocks and other investments			2,353						1,205						1						1,147
Total			$	7,089					$	3,031					$	2,349					$	1,709

			Fair Value at March 27, 2020						Level 1						Level 2						Level 3
Assets of non-U.S. defined benefit plan:
Government securities			$	1,260					$	1,260					$	—					$	—
Unit investment trust fund			897						—						897						—
Loans			756						—						—						756
Bonds			1,094						—						1,094						—
Stocks and other investments			1,572						1,207						1						364
Total			$	5,579					$	2,467					$	1,992					$	1,120

Schedule of Changes in Fair Value of Level 3 Plan Assets

The following table shows the change in fair value of Level 3 plan assets for the nine-month period ended December 25, 2020:

			Level 3 Non-U.S. Defined Plan Assets
			Loans						Stocks
Balance at March 27, 2020			$	756					$	364
Additions during the year			207						—
Redemptions during the year			(440)						—
Revaluation of equity securities			—						753
Change in foreign currency exchange rates			39						30
Balance at December 25, 2020			$	562					$	1,147

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- Definition

Tabular disclosure of defined benefit plan asset investment. Includes, but is not limited to, fair value of category of plan asset and its level within fair value hierarchy.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(01)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(ii)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920

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