XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.22.1

Leases | 12 Months Ended
--- | ---
Mar. 25, 2022
Leases [Abstract] |
Leases | Leases The Company determines if an arrangement is or contains a lease at inception, which is the date on which the terms of the contract are agreed to and the agreement creates enforceable rights and obligations. The Company also considers whether its service arrangements include the right to control the use of an asset. The Company leases real estate, equipment and vehicles under operating lease agreements that have initial terms ranging from one to ten years. The Company does not have any leases classified as finance leases. Some leases include one or more options to exercise renewal terms, generally at the Company’s sole discretion, that can extend the lease term. Certain leases contain rights to terminate whereby those termination options are held by either the Company, the lessor, or both parties. These options to extend or terminate a lease are included in the lease term only when it is reasonably certain that the Company will exercise that option. The Company’s leases generally do not contain any material restrictive covenants. Operating lease cost is recognized on a straight-line basis over the lease term. Information regarding the Company’s leases are as follows:
|  |  | Fiscal Year Ended
|  |  |  |  | March 25, 2022 |  |
Lease costs: |  |  |  |  |  |  |
Operating lease expense |  |  |  |  | $ | 4,648 |  |  |
Short term lease expense |  |  |  |  | 584 |  |  |
Other information: |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  |  |  | $ | 5,289 |  |  |
Noncash lease liabilities arising from obtaining right-of-use assets |  |  |  |  | 3,159 |  |  |
Weighted-average remaining lease term – operating leases |  |  |  |  | 5.17 years |  |
Weighted-average discount rate – operating leases |  |  |  |  | 4.5 | % |  |
Rent expense incurred under operating leas e agree ments was $5,720, $4,385 and $5,456 for the fiscal years ended March 25, 2022, March 26, 2021 and March 27, 2020, respectively. As of March 25, 2022, expirations of lease obligations by fiscal year are expected as follows:
2023 | $ | 4,335 |
2024 | 3,956 |
2025 | 3,300 |
2026 | 2,592 |
2027 | 1,788 |
Thereafter | 2,602 |
Total undiscounted lease payments | $ | 18,573 |
Less: present value adjustment | (2,119) |
Total operating lease liabilities | $ | 16,454 |
Information as Lessee under ASC 840 Future minimum lease payments by fiscal year for noncancellable operating leases as reported under the previous lease guidance as of March 26, 2021 were as follows:
2022 | $ | 2,887 |
2023 | 2,726 |
2024 | 2,644 |
2025 | 2,172 |
2026 | 1,773 |
Thereafter | 3,713 |
Total | $ | 15,915 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration