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Common Stock and Stock-Based Compensation (Tables)
9 Months Ended
Dec. 25, 2020
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 stock156,155,403 — 156,155,403 
Class L common stock7,816,574 459,749 8,276,323 
Total163,971,977 459,749 164,431,726 
Schedule of Restricted Stock Units Activity
The following table summarizes the RSU activity for the nine-month period ended December 25, 2020:
Number of
Shares
Weighted-Average Grant-Date Fair ValueWeighted-Average Remaining Contractual Life
(In years)
Aggregate
Intrinsic
Value
Outstanding - March 27, 2020— $— — $— 
Granted 1,426,944 14.04 
Vested(376)14.00 
Canceled(28,920)14.00 
Outstanding - December 25, 20201,397,648 $14.04 1.74$34,648 
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 term2.42 years
Volatility49.9%
Risk-free rate of return0.17%
Dividend yield—%
Weighted-average fair value per share$14.00
Summary of Performance Stock Units Activity
The following table summarizes the PSU activity for the nine-month period ended December 25, 2020:
Number of
Shares
Weighted-Average Grant-Date Fair ValueWeighted-Average Remaining Contractual Life
(In years)
Aggregate
Intrinsic
Value
Outstanding - March 27, 2020— $— — $— 
Granted650,302 15.05 
Vested— — 
Canceled— — 
Outstanding - December 25, 2020650,302 $15.05 2.90$16,121 
Summary of Unvested Restricted Common Stock Activity
The following table summarizes unvested restricted common stock activity for the nine-month period ended December 25, 2020:
Number of
Shares
Weighted-Average Grant-Date Fair ValueWeighted-Average Remaining Contractual Life
(In years)
Aggregate
Intrinsic
Value
Outstanding - March 27, 2020— $— — — 
Common stock conversion459,749 14.00 
Vested(37,161)14.00 
Canceled— — 
Outstanding - December 25, 2020422,588 $14.00 2.0110,476 
Schedule of Stock-Based Compensation Expense The Company recorded stock-based compensation expense in the following expense categories of its unaudited consolidated statements of operations:
Three-Month Period EndedNine-Month Period Ended
December 25,
2020
December 27,
2019
December 25,
2020
December 27,
2019
Cost of sales$4,694 $47 $4,844 $137 
Research and development2,984 20 3,037 65 
Selling, general and administrative38,198 236 39,020 849 
Total stock-based compensation$45,876 $303 $46,901 $1,051