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Common Stock and Stock-Based Compensation (Tables)

12 Months Ended

Mar. 25, 2022

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 stock			156,155,403						—						156,155,403
Class L common stock			7,816,614						459,749						8,276,363
Total			163,972,017						459,749						164,431,766

Schedule of Restricted Stock Units Activity

The following table summarizes RSU activity for the fiscal years ended March 25, 2022 and March 26, 2021:

			Number of Shares						Weighted-Average Grant-Date Fair Value						Weighted-Average Remaining Contractual Life (In years)						Aggregate Intrinsic Value
Outstanding - March 27, 2020			—						$	—					—						$	—
Granted			1,428,932						14.06
Vested			(160,063)						14.00
Canceled			(43,713)						14.00
Outstanding - March 26, 2021			1,225,156						$	14.07					1.70						$	30,960
Granted			1,344,717						26.00
Vested			(622,508)						20.33
Canceled			(246,358)						19.02
Outstanding - March 25, 2022			1,701,007						$	20.50					1.27						$	49,635

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 Ended
									March 26, 2021
Performance term									2.42 years
Volatility									49.9%
Risk-free rate of return									0.17%
Dividend yield									—%
Weighted-average fair value per share									$14.00

Summary of Performance Stock Units Activity

The following table summarizes PSU activity for the fiscal years ended March 25, 2022 and March 26, 2021:

			Number of Shares						Weighted-Average Grant-Date Fair Value						Weighted-Average Remaining Contractual Life (In years)						Aggregate Intrinsic Value
Outstanding - March 27, 2020			—						$	—					—						$	—
Granted			650,302						15.05
Vested			—						—
Canceled			—						—
Outstanding - March 26, 2021			650,302						$	15.05					2.65						$	16,433
Granted			465,732						27.08
Vested			—						—
Canceled			(160,951)						19.19
Outstanding - March 25, 2022			955,083						$	20.22					1.51						$	27,869

Summary of Unvested Restricted Common Stock Activity

The following table summarizes unvested restricted common stock activity for the fiscal years ended March 25, 2022 and March 26, 2021:

			Number of Shares						Weighted-Average Grant-Date Fair Value						Weighted-Average Remaining Contractual Life						Aggregate Intrinsic Value
Outstanding - March 27, 2020			—						—						—						—
Common stock conversion			459,749						14.00
Vested			(50,170)						14.00
Canceled			(3,252)						14.00
Outstanding - March 26, 2021			406,327						$	14.00					1.79						$	—
Vested			(241,787)						14.00
Canceled			(24,014)						—
Outstanding - March 25, 2022			140,526						$	14.00					1.07						$	4,101

Schedule of Stock-Based Compensation Expense

The Company recorded stock-based compensation expense in the following expense categories of its consolidated statements of operations:

						Fiscal Year Ended
						March 25, 2022						March 26, 2021						March 27, 2020
Cost of sales						$	3,176					$	5,158					$	183
Research and development						3,933						3,573						87
Selling, general and administrative						26,439						41,139						1,165
Total stock-based compensation						$	33,548					$	49,870					$	1,435

Schedule of ESPP Fair Value Assumptions

The weighted-average fair value of the ESPP shares was determined using the Black-Scholes model incorporating the following weighted-average assumptions:

			Fiscal Year Ended
			March 25, 2022						March 26, 2021
Performance term			0.50 years						0.50 years
Volatility			48.10%						55.02%
Risk-free rate of return			0.10%						0.09%
Dividend yield			—%						—%
Weighted-average fair value per share			$8.25						$7.77

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