XML 21 R13.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Value Measurements
 3 Months Ended
Jun. 28, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements

4. Fair Value Measurements

The following tables present information about the Company’s financial assets and liabilities as of June 28, 2024 and March 29, 2024, measured at fair value on a recurring basis:

 

 

Fair Value Measurement at June 28, 2024:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

$

36,663

 

 

$

—

 

 

$

—

 

 

$

36,663

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

 

11,041

 

 

 

—

 

 

 

—

 

 

 

11,041

 

Total assets

 

$

47,704

 

 

$

—

 

 

$

—

 

 

$

47,704

 

 

 

Fair Value Measurement at March 29, 2024:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

$

36,192

 

 

$

—

 

 

$

—

 

 

$

36,192

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

 

10,018

 

 

 

—

 

 

 

—

 

 

 

10,018

 

Total assets

 

$

46,210

 

 

$

—

 

 

$

—

 

 

$

46,210

 

 

Assets and liabilities measured at fair value on a recurring basis also consist of marketable securities, unit investment trust funds, loans, bonds, stock and other investments, which constitute the Company’s defined benefit plan assets. Fair value information for those assets and liabilities, including their classification in the fair value hierarchy, is included in Note 15, “Retirement Plans” within the Company’s Annual Report on Form 10-K for the year ended March 29, 2024.

During the three-month periods ended June 28, 2024 and June 30, 2023, there were no transfers among Level 1, Level 2 and Level 3 assets or liabilities.

The fair value of the Company’s long-term debt was $197,880 as of June 28, 2024. The fair value was determined based on the quoted price of the debt in an inactive market on the last trading date of the reporting period and has been classified as Level 2 within the fair value hierarchy.