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Fair Value Measurements | 9 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 25, 2020 | Mar. 27, 2020
Fair Value Disclosures [Abstract] |  |
Fair Value Measurements | 5. Fair Value Measurements The following tables present information about the Company’s financial assets and liabilities as of December 25, 2020 and March 27, 2020 measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:
|  | Fair Value Measurement at December 25, 2020 Using: |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund deposits |  | $ | 16,320 |  |  | $ | — |  |  | $ | — |  |  | $ | 16,320 |
Restricted cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund deposits |  |  | 6,520 |  |  |  | — |  |  |  | — |  |  |  | 6,520 |
Total assets |  | $ | 22,840 |  |  | $ | — |  |  | $ | — |  |  | $ | 22,840 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other long-term liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  | $ | — |  |  | $ | — |  |  | $ | 7,800 |  |  | $ | 7,800 |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | 7,800 |  |  | $ | 7,800 |
|  | Fair Value Measurement at March 27, 2020 Using: |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund deposits |  | $ | 46,337 |  |  | $ | — |  |  | $ | — |  |  | $ | 46,337 |
Restricted cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund deposits |  |  | 5,385 |  |  |  | — |  |  |  | — |  |  |  | 5,385 |
Total assets |  | $ | 51,722 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,722 |
The following table shows the change in fair value of Level 3 contingent consideration in connection with the Acquisition for the nine-month period ended December 25, 2020:
|  | Level 3 Contingent Consideration |
Balance at March 27, 2020 |  | $ | — |
Additions during the year |  |  | 7,800 |
Balance at December 25, 2020 |  | $ | 7,800 |
Assets and liabilities measured at fair value on a recurring basis also consist of marketable securities, unit investment trust fund, loans, bonds, stock and other investments which are the Company’s defined benefit plan assets. Fair value information for those assets and liabilities, including their classification in the fair value hierarchy, is included in Note 15, “Retirement Plans.” During the nine-month periods ended December 25, 2020 and December 27, 2019, there were no transfers among Level 1, Level 2 and Level 3. | 4. Fair Value Measurements The following tables present information about the Company’s financial assets and liabilities as of March 29, 2019 and March 27, 2020 measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:
|  | Fair Value Measurements as of March 29, 2019 Using: |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund deposits |  | $ | 41,581 |  |  | $ | — |  |  | $ | — |  |  | $ | 41,581 |
Restricted cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund deposits |  |  | 3,514 |  |  |  | — |  |  |  | — |  |  |  | 3,514 |
Total assets |  | $ | 45,095 |  |  | $ | — |  |  | $ | — |  |  | $ | 45,095 |
During fiscal year 2019, the Company recorded assets related to its planned sale of the Worcester Facility as held for sale. The assets were measured at fair value on a non-recurring basis totaling $3,795 as of March 29, 2019.
|  | Fair Value Measurements as of March 27, 2020 Using: |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund deposits |  | $ | 46,337 |  |  | $ | — |  |  | $ | — |  |  | $ | 46,337 |
Restricted cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market fund deposits |  |  | 5,385 |  |  |  | — |  |  |  | — |  |  |  | 5,385 |
Total assets |  | $ | 51,722 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,722 |
Assets and liabilities measured at fair value on a recurring basis also consists of marketable securities, unit investment trust fund, loans, bonds, stock and other investments which are the Company’s defined benefit plan assets. Fair value information for those assets and liabilities, including their classification in the fair value hierarchy, is included in Note 14, “Retirement Plans”. During the fiscal years ended March 29, 2019 and March 27, 2020, there were no transfers between Level 1, Level 2 and Level 3.

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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