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Common Stock and Stock-Based Compensation (Tables) | 9 Months Ended
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Dec. 29, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the nine-months ended December 29, 2023:
|  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at March 31, 2023 |  |  | 2,251,224 |  |  | $ | 23.85 |
Granted |  |  | 1,093,856 |  |  |  | 36.25 |
Issued |  |  | (897,837 | ) |  |  | 23.11 |
Forfeited |  |  | (82,938 | ) |  |  | 27.20 |
Outstanding at December 29, 2023 |  |  | 2,364,305 |  |  | $ | 29.78 |
Schedule of Performance Stock Units Activity | The following table summarizes the Company’s PSU activity for the nine-months ended December 29, 2023:
|  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at March 31, 2023 |  |  | 2,748,347 |  |  | $ | 23.47 |
Granted |  |  | 333,333 |  |  |  | 39.06 |
Excess shares issued due to achievement of performance conditions |  |  | 500,451 |  |  |  | 17.65 |
Issued |  |  | (1,062,884 | ) |  |  | 21.43 |
Forfeited |  |  | (86,539 | ) |  |  | 23.70 |
Outstanding at December 29, 2023 |  |  | 2,432,708 |  |  | $ | 25.64 |
Schedule of Stock-Based Compensation Expense | The Company recorded stock-based compensation expense in the following expense categories of its unaudited condensed consolidated statements of operations:
|  | Three-Month Period Ended |  |  | Nine-Month Period Ended |
|  | December 29, 2023 |  |  | December 23, 2022 |  |  | December 29, 2023 |  |  | December 23, 2022 |
Cost of sales |  | $ | 1,073 |  |  | $ | 1,156 |  |  | $ | 4,625 |  |  | $ | 3,112 |
Research and development |  |  | 3,870 |  |  |  | 3,174 |  |  |  | 10,340 |  |  |  | 6,013 |
Selling, general and administrative |  |  | 5,977 |  |  |  | 4,572 |  |  |  | 17,874 |  |  |  | 42,117 |
Total stock-based compensation |  | $ | 10,920 |  |  | $ | 8,902 |  |  | $ | 32,839 |  |  | $ | 51,242 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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