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Retirement Plans (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 25, 2020 | Mar. 27, 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 |
| Expense related to the non-U.S. defined benefit plan was as follows:
|  | Fiscal Years Ended |
|  | March 29, 2019 |  |  | March 27, 2020 |
Service cost |  | $ | 800 |  |  | $ | 961 |
Interest cost |  |  | 612 |  |  |  | 674 |
Expected return on plan assets |  |  | (325 | ) |  |  | (331 | )
Net acquired/transferred obligation |  |  | 37 |  |  |  | — |
Amortization of net transition asset |  |  | (14 | ) |  |  | (14 | )
Amortization of prior service cost |  |  | 9 |  |  |  | 8 |
Actuarial loss |  |  | 101 |  |  |  | 96 |
Net periodic pension expense |  | $ | 1,220 |  |  | $ | 1,394 |
Schedule of Changes in the Benefit Obligations and Plan Assets |  | Changes in the benefit obligations and plan assets for the non-U.S. defined benefit plan were as follows:
|  | Fiscal Years Ended |
|  | March 29, 2019 |  |  | March 27, 2020 |
Obligation and funded status of plan: |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 9,950 |  |  | $ | 10,840 |
Service cost |  |  | 800 |  |  |  | 961 |
Interest cost |  |  | 612 |  |  |  | 674 |
Acquisitions/transferred employees |  |  | 37 |  |  |  | — |
Benefits paid |  |  | (474 | ) |  |  | (938 | )
Actuarial loss |  |  | (19 | ) |  |  | 690 |
Foreign currency exchange rate changes |  |  | (66 | ) |  |  | 368 |
Benefit obligation at end of year |  | $ | 10,840 |  |  | $ | 12,595 |
Change in plan assets: |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 5,350 |  |  | $ | 5,171 |
Actual return on plan assets |  |  | 2 |  |  |  | 434 |
Employer contributions |  |  | 453 |  |  |  | 932 |
Benefits paid |  |  | (595 | ) |  |  | (1,130 | )
Foreign currency exchange rate changes |  |  | (39 | ) |  |  | 172 |
Fair value of plan assets at end of year |  | $ | 5,171 |  |  | $ | 5,579 |
Underfunded status at end of year |  | $ | (5,669 | ) |  | $ | (7,016 | )
Schedule of Defined Benefit Plan Projected Benefit Obligation in Excess of Plan Assets |  | The following table presents the obligations and asset information for the non-U.S. defined benefit plan that has a projected benefit obligation in excess of plan assets:
|  | March 29, 2019 |  |  | March 27, 2020 |
Projected benefit obligations |  | $ | 10,840 |  |  | $ | 12,595 |
Plan assets |  |  | 5,171 |  |  |  | 5,579 |
Accumulated benefit obligations |  |  | 6,833 |  |  |  | 7,818 |
Schedule of Amounts Recorded in AOCI for Defined Benefit Plan |  | The amounts recorded in AOCI for the non-U.S. defined benefit plan for the fiscal years ended March 29, 2019 and March 27, 2020, are further detailed below:
|  | Net Transition Obligation (Asset) |  |  | Net Actuarial Loss |  |  | Prior Service Costs |  |  | Total |
Balance, March 30, 2018, net of tax |  | $ | (20 | ) |  | $ | 1,485 |  |  | $ | 17 |  |  | $ | 1,482 |
2019 change in AOCI for non-U.S. defined benefit plan |  |  | 127 |  |  |  | 825 |  |  |  | (1 | ) |  |  | 951 |
Amounts in AOCI before tax |  |  | 107 |  |  |  | 2,310 |  |  |  | 16 |  |  |  | 2,433 |
Less tax expense |  |  | 32 |  |  |  | 693 |  |  |  | 5 |  |  |  | 730 |
Balance, March 29, 2019, net of tax |  | $ | 75 |  |  | $ | 1,617 |  |  | $ | 11 |  |  | $ | 1,703 |
2020 change in AOCI for non-U.S. defined benefit plan |  |  | 244 |  |  |  | 1,264 |  |  |  | (3 | ) |  |  | 1,505 |
Amounts in AOCI before tax |  |  | 319 |  |  |  | 2,881 |  |  |  | 8 |  |  |  | 3,208 |
Less tax expense |  |  | 95 |  |  |  | 864 |  |  |  | 3 |  |  |  | 962 |
Balance, March 27, 2020, net of tax |  | $ | 224 |  |  | $ | 2,017 |  |  | $ | 5 |  |  | $ | 2,246 |
Schedule of Weighted-average Assumptions Used to Determine Projected Benefit Obligation and Net Periodic Benefit Cost |  | Weighted-Average Assumptions Used to Determine Projected Benefit Obligation
|  | March 29, 2019 |  |  | March 27, 2020 |
Non-U.S. assumed discount rate |  |  | 6.41 | % |  |  | 4.98 | %
Non-U.S. rate of compensation increase |  |  | 5.00 | % |  |  | 5.00 | %
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost
|  | March 29, 2019 |  |  | March 27, 2020 |
Non-U.S. assumed discount rate |  |  | 6.41 | % |  |  | 4.98 | %
Non-U.S. expected long-term return on plan assets |  |  | 6.00 | % |  |  | 5.20 | %
Non-U.S. rate of compensation increase |  |  | 5.00 | % |  |  | 5.00 | %
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 Prospectus.
|  | 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 |
| The table below sets forth the fair value of the entity’s plan assets as of March 29, 2019 and March 27, 2020, using the same three-level hierarchy of fair value inputs described in Note 1, “Nature of the Business and Basis of Presentation”:
|  | Fair Value at March 29, 2019 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets of non-U.S. defined benefit plan: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government securities |  | $ | 805 |  |  | $ | 805 |  |  | $ | — |  |  | $ | — |
Unit investment trust fund |  |  | 747 |  |  |  | — |  |  |  | 747 |  |  |  | — |
Loans |  |  | 760 |  |  |  | — |  |  |  | — |  |  |  | 760 |
Bonds |  |  | 1,160 |  |  |  | — |  |  |  | 1,160 |  |  |  | — |
Stocks and other investments |  |  | 1,699 |  |  |  | 1,345 |  |  |  | 1 |  |  |  | 353 |
Total |  | $ | 5,171 |  |  | $ | 2,150 |  |  | $ | 1,908 |  |  | $ | 1,113 |
|  | 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 |
| The following table shows the change in fair value of Level 3 plan assets for the fiscal year ended March 29, 2019 and March 27, 2020:
|  | Level 3 Non-U.S. Defined Plan Assets |
|  | Loans |  |  | Stocks |
Balance at March 30, 2018 |  | $ | 600 |  |  | $ | 355 |
Additions during the year |  |  | 489 |  |  |  | — |
Redemptions during the year |  |  | (324 | ) |  |  | — |
Change in foreign currency exchange rates |  |  | (5 | ) |  |  | (2 | )
Balance at March 29, 2019 |  | $ | 760 |  |  | $ | 353 |
Additions during the year |  |  | 271 |  |  |  | — |
Redemptions during the year |  |  | (300 | ) |  |  | — |
Change in foreign currency exchange rates |  |  | 25 |  |  |  | 11 |
Balance at March 27, 2020 |  | $ | 756 |  |  | $ | 364 |
Schedule of Benefits Expected to Be Paid to Participants From the Plans |  | Estimated Future Benefit Payments The following table projects the benefits expected to be paid to participants from the plans in each of the following fiscal years. The majority of the payments will be paid from plan assets, not company assets.
|  | Pension Benefits |
2021 |  | $ | 1,044 |
2022 |  |  | 1,194 |
2023 |  |  | 1,138 |
2024 |  |  | 849 |
2025 |  |  | 1,024 |
Thereafter |  |  | 6,041 |
Total |  | $ | 11,290 |

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