XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.25.1

Property, Plant and Equipment, net | 12 Months Ended
--- | ---
Mar. 28, 2025
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment, net | 8. Property, Plant and Equipment, net Property, plant and equipment, net is stated at cost, and consisted of the following:
|  | March 28, 2025 |  |  | March 29, 2024 |
Land |  | $ | 25,175 |  |  | $ | 25,595 |
Buildings, building improvements and leasehold improvements |  |  | 66,258 |  |  |  | 65,626 |
Machinery and equipment |  |  | 670,902 |  |  |  | 674,220 |
Office equipment |  |  | 6,677 |  |  |  | 6,978 |
Right-of-use asset |  |  | 8,182 |  |  |  | 8,218 |
Construction in progress |  |  | 51,580 |  |  |  | 39,052 |
Total |  |  | 828,774 |  |  |  | 819,689 |
Less accumulated depreciation |  |  | (525,855 | ) |  |  | (498,514 | )
Total |  | $ | 302,919 |  |  | $ | 321,175 |
The Company retired $311, $1,094 and $1,638 of fully depreciated assets during the fiscal years ended March 28, 2025, March 29, 2024 and March 31, 2023, respectively. Total depreciation expense amounted to $37,447, $56,214 and $45,469 for the fiscal years ended March 28, 2025, March 29, 2024 and March 31, 2023, respectively. Total amortization expense for the finance lease right-of-use asset, amounted to $1,397 and $581 for the fiscal years ended March 28, 2025 and March 29, 2024, respectively. Property, plant and equipment, net, including improvements that significantly add to productive capacity or extend useful life, are stated at historical cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The Company periodically reviews the estimated useful lives of property, plant and equipment. Changes to estimated useful lives are recorded prospectively from the date of the change. Maintenance and repairs expenditures are charged to expense as incurred. The Company continues to expand and optimize its global manufacturing capacities, such as by its recent expansion of operations at its Philippines location, and its acquisition of Crocus. Through its expansion efforts, newly acquired machinery and equipment and continuous maintenance and evaluation of on-hand equipment, the Company recognized advancements in equipment quality indicating increased estimated useful lives. During the first quarter of fiscal year 2025, following periodic review of the estimated useful lives of long-lived assets, the Company determined that the useful lives of its machinery and equipment should be increased. Effective March 30, 2024, the Company increased the useful lives of a significant portion of its machinery and equipment from seven years to ten years. For the fiscal year ended March 28, 2025, these changes decreased depreciation expense by $17,837, decreased the benefit for income taxes by $3,746 and decreased net loss by $14,091, or $0.08 per share. The geographic locations of the Company’s property, plant and equipment, net, which includes the finance lease right-of-use asset, based on physical location of the assets, and as of March 28, 2025 and March 29, 2024 are as follows:
|  | March 28, 2025 |  |  | March 29, 2024 |
United States |  | $ | 35,301 |  |  | $ | 37,596 |
Philippines |  |  | 227,038 |  |  |  | 246,164 |
Other |  |  | 40,580 |  |  |  | 37,415 |
Total |  | $ | 302,919 |  |  | $ | 321,175 |
During the year ended March 28, 2025, the Company classified various units of machinery and equipment as held for sale, as management approved a plan in the fourth quarter of fiscal year 2025 to market these assets to third-party buyers. The planned disposal of these assets does not constitute a strategic shift in the Company’s operations and therefore does not meet the discontinued operations criteria. These assets are intended to be sold within one year of their designation as held for sale. Assets held for sale are measured at the lower of carrying value or the fair value less cost to sell. The value of these assets was measured at $16,508 as of March 28, 2025.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration