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Leases | 12 Months Ended
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Mar. 29, 2024
Leases [Abstract] |
Leases | 12. Leases The Company leases real estate, equipment and vehicles under operating lease agreements that have initial terms ranging from one to 10 years. Some le ases 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, while finance lease cost is amortized over the expected term on a straight-line basis. Information regarding the Company’s operating and finance leases are as follows:
|  | Fiscal Year Ended |
|  | March 29, 2024 |  |  | March 31, 2023 |  |  | March 25, 2022 |
Operating leases |  |  |  |  |  |  |  |  |
Operating lease expense |  | $ | 6,369 |  |  | $ | 4,833 |  |  | $ | 4,648 |
Short term lease expense |  |  | 39 |  |  |  | 326 |  |  |  | 584 |
Other information: |  |  |  |  |  |  |  |  |
Cash paid for operating leases |  | $ | 6,305 |  |  | $ | 5,034 |  |  | $ | 5,289 |
Weighted-average remaining lease term - operating leases |  | 4.4 years |  |  | 4.57 years |  |  | 5.17 years |
Weighted-average discount rate – operating leases |  |  | 6.1 | % |  |  | 5.3 | % |  |  | 4.5 | %
|  | Fiscal Year Ended |
|  | March 29, 2024 |  |  | March 31, 2023 |  |  | March 25, 2022 |
Finance leases |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  | $ | 581 |  |  | $ | — |  |  | $ | — |
Interest on lease liabilities |  |  | 29 |  |  |  | — |  |  |  | — |
Weighted-average remaining lease term - finance leases |  | 5.6 years |  |  |  | — |  |  |  | — |
Weighted-average discount rate - finance leases |  |  | 7.7 | % |  |  | — |  |  |  | — |
Finance leases are recorded in the following line items within the consolidated balance sheets:
|  | March 29, 2024 |  |  | March 31, 2023 |
Property, plant and equipment |  | $ | 7,641 |  |  | $ | — |
Current portion of long-term debt |  |  | 1,429 |  |  |  | — |
Long-term debt |  |  | 7,009 |  |  |  | — |
As of March 29, 2024, future minimum lease payments under operating and finance leases as follows:
|  | Operating Leases |  |  | Finance Leases |
2025 |  | $ | 6,428 |  |  | $ | 1,751 |
2026 |  |  | 5,680 |  |  |  | 1,751 |
2027 |  |  | 4,804 |  |  |  | 1,751 |
2028 |  |  | 3,890 |  |  |  | 1,751 |
2029 |  |  | 2,144 |  |  |  | 1,751 |
Thereafter |  |  | 2,135 |  |  |  | 1,311 |
Total lease payments |  | $ | 25,081 |  |  | $ | 10,066 |
Less: imputed interest |  |  | (3,414 | ) |  |  | (1,628 | )
Total lease liabilities |  | $ | 21,667 |  |  | $ | 8,438 |

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- Definition Leases disclosure. + References No definition available. + Details
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- References No definition available. + Details
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