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Retirement Plans (Tables) | 3 Months Ended
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Jun. 24, 2022
Retirement Benefits [Abstract] |
Schedule of Expense Related to Defined Benefit Plan | Expense related to the non-United States (“U.S.”) defined benefit plan was as follows:
| Three-Month Period Ended |  |
| June 24, 2022 |  | June 25, 2021 |  |  |  |
Service cost | $ | 328 |  |  | $ | 383 |  |  |  |  |
Interest cost | 197 |  |  | 166 |  |  |  |  |
Expected return on plan assets | (78) |  |  | (79) |  |  |  |  |
Amortization of prior service cost | (2) |  |  | — |  |  |  |  |
Actuarial loss | 21 |  |  | 53 |  |  |  |  |
Net periodic pension expense | $ | 466 |  |  | $ | 523 |  |  |  |  |
Fair Value of Entity's Plan Assets | The table below sets forth the fair value of the entity’s plan assets as of June 24, 2022 and March 25, 2022, using the same three-level hierarchy of fair value inputs described in the significant accounting policies included in the Company’s 2022 Annual Report.
| Fair Value at June 24, 2022 |  | Level 1 |  | Level 2 |  | Level 3
Assets of non-U.S. defined benefit plan: |  |  |  |  |  |  |
Government securities | $ | 1,834 |  |  | $ | 1,834 |  |  | $ | — |  |  | $ | — |
Unit investment trust fund | 1,194 |  |  | — |  |  | 1,194 |  |  | — |
Loans | 555 |  |  | — |  |  | — |  |  | 555 |
Bonds | 607 |  |  | — |  |  | 607 |  |  | — |
Stocks and other investments | 2,193 |  |  | 1,166 |  |  | 2 |  |  | 1,025 |
Total | $ | 6,383 |  |  | $ | 3,000 |  |  | $ | 1,803 |  |  | $ | 1,580 |
| Fair Value at March 25, 2022 |  | Level 1 |  | Level 2 |  | Level 3
Assets of non-U.S. defined benefit plan: |  |  |  |  |  |  |
Government securities | $ | 1,920 |  |  | $ | 1,920 |  |  | $ | — |  |  | $ | — |
Unit investment trust fund | 1,165 |  |  | — |  |  | 1,165 |  |  | — |
Loans | 553 |  |  | — |  |  | — |  |  | 553 |
Bonds | 676 |  |  | — |  |  | 676 |  |  | — |
Stocks and other investments | 2,783 |  |  | 1,716 |  |  | 2 |  |  | 1,065 |
Total | $ | 7,097 |  |  | $ | 3,636 |  |  | $ | 1,843 |  |  | $ | 1,618 |
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 three months ended June 24, 2022 and June 25, 2021:
| Level 3 Non-U.S. Defined Plan Assets
| Loans |  | Stocks
Balance at March 25, 2022 | $ | 553 |  |  | $ | 1,065 |
Additions during the year | 171 |  |  | — |
Redemptions during the year | (152) |  |  | — |
Revaluation of equity securities | 4 |  |  | — |
Change in foreign currency exchange rates | (21) |  |  | (40) |
Balance at June 24, 2022 | $ | 555 |  |  | $ | 1,025 |
Balance at March 26, 2021 | $ | 584 |  |  | $ | 1,133 |
Additions during the year | 159 |  |  | — |
Redemptions during the year | (107) |  |  | — |
Revaluation of equity securities | (1) |  |  | — |
Change in foreign currency exchange rates | (2) |  |  | (3) |
Balance at June 25, 2021 | $ | 633 |  |  | $ | 1,130 |

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- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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