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Common Stock and Stock-Based Compensation (Tables)

9 Months Ended

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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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.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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