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Retirement Plans (Tables) | 9 Months Ended
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Dec. 23, 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 |  | Nine-Month Period Ended
| December 23, 2022 |  | December 24, 2021 |  | December 23, 2022 |  | December 24, 2021
Service cost | $ | 297 |  |  | $ | 365 |  |  | $ | 932 |  |  | $ | 1,119 |
Interest cost | 179 |  |  | 158 |  |  | 561 |  |  | 485 |
Expected return on plan assets | (71) |  |  | (75) |  |  | (222) |  |  | (230) |
Amortization of prior service cost | (2) |  |  | 1 |  |  | (6) |  |  | 1 |
Actuarial loss | 20 |  |  | 51 |  |  | 60 |  |  | 156 |
Net periodic pension expense | $ | 423 |  |  | $ | 500 |  |  | $ | 1,325 |  |  | $ | 1,531 |
Fair Value of Entity's Plan Assets | The table below sets forth the fair value of the non-U.S. defined benefit plan’s assets as of December 23, 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 December 23, 2022 |  | Level 1 |  | Level 2 |  | Level 3
Assets of non-U.S. defined benefit plan: |  |  |  |  |  |  |
Government securities | $ | 2,104 |  |  | $ | 2,104 |  |  | $ | — |  |  | $ | — |
Unit investment trust fund | 1,180 |  |  | — |  |  | 1,180 |  |  | — |
Loans | 578 |  |  | — |  |  | — |  |  | 578 |
Bonds | 677 |  |  | — |  |  | 677 |  |  | — |
Stocks and other investments | 2,414 |  |  | 1,323 |  |  | 3 |  |  | 1,088 |
Total | $ | 6,953 |  |  | $ | 3,427 |  |  | $ | 1,860 |  |  | $ | 1,666 |
| 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 nine-month periods ended December 23, 2022 and December 24, 2021:
| Level 3 Non-U.S. Defined Benefit Plan Assets
| Loans |  | Stocks
Balance at March 25, 2022 | $ | 553 |  |  | $ | 1,065 |
Additions during the year | 328 |  |  | — |
Redemptions during the year | (280) |  |  | — |
Revaluation of equity securities | 4 |  |  | 75 |
Change in foreign currency exchange rates | (27) |  |  | (52) |
Balance at December 23, 2022 | $ | 578 |  |  | $ | 1,088 |
Balance at March 26, 2021 | $ | 584 |  |  | $ | 1,133 |
Additions during the year | 308 |  |  | — |
Redemptions during the year | (289) |  |  | — |
Revaluation of equity securities | (5) |  |  | 13 |
Change in foreign currency exchange rates | (20) |  |  | (34) |
Balance at December 24, 2021 | $ | 578 |  |  | $ | 1,112 |

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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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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + 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 (h) -URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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