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Common Stock and Stock-Based Compensation (Tables) | 3 Months Ended
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Jun. 28, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Stock Units Activity | The following table summarizes the Company’s RSU activity for the three-month period ended June 28, 2024:
|  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at March 29, 2024 |  |  | 2,215,621 |  |  | $ | 29.82 |
Granted |  |  | 1,278,203 |  |  |  | 28.87 |
Issued |  |  | (762,311 | ) |  |  | 28.47 |
Forfeited |  |  | (51,109 | ) |  |  | 29.90 |
Outstanding at June 28, 2024 |  |  | 2,680,404 |  |  | $ | 29.76 |
Schedule of Performance Stock Units Activity | The following table summarizes the Company’s PSU activity for the three-month period ended June 28, 2024:
|  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at March 29, 2024 |  |  | 2,429,393 |  |  | $ | 25.64 |
Granted |  |  | 527,474 |  |  |  | 31.07 |
Excess shares issued due to achievement of performance conditions |  |  | 12,358 |  |  |  | 13.94 |
Issued |  |  | (301,716 | ) |  |  | 28.51 |
Forfeited |  |  | (34,731 | ) |  |  | 34.39 |
Outstanding at June 28, 2024 |  |  | 2,632,778 |  |  | $ | 26.21 |
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 |
|  | June 28, 2024 |  |  | June 30, 2023 |
Cost of sales |  | $ | 561 |  |  | $ | 2,606 |
Research and development |  |  | 3,735 |  |  |  | 2,868 |
Selling, general and administrative |  |  | 5,822 |  |  |  | 5,568 |
Total stock-based compensation |  | $ | 10,118 |  |  | $ | 11,042 |

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