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Common Stock and Stock-Based Compensation | 9 Months Ended
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Dec. 27, 2024
Share-Based Payment Arrangement [Abstract] |
Common Stock and Stock-Based Compensation | 12. Common Stock and Stock-Based Compensation Restricted Stock Units The following table summarizes the Company’s RSU activity for the nine-month period ended December 27, 2024:
|  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at March 29, 2024 |  |  | 2,215,621 |  |  | $ | 29.82 |
Granted |  |  | 1,486,141 |  |  |  | 27.79 |
Issued |  |  | (950,692 | ) |  |  | 28.45 |
Forfeited |  |  | (149,579 | ) |  |  | 29.14 |
Outstanding at December 27, 2024 |  |  | 2,601,491 |  |  | $ | 29.21 |
As of December 27, 2024, total unrecognized compensation expense for awards issued was $56,267, which is expected to be recognized over a weighted-average period of 1.98 years. The total grant date fair value of RSUs vested was $27,041 for the nine-month period ended December 27, 2024. Performance Stock Units The following table summarizes the Company’s PSU activity for the nine-month period ended December 27, 2024:
|  | Shares |  |  | Weighted-Average Grant Date Fair Value |
Outstanding at March 29, 2024 |  |  | 2,429,393 |  |  | $ | 25.64 |
Granted |  |  | 528,213 |  |  |  | 31.06 |
Excess shares issued due to achievement of performance conditions |  |  | (6,836 | ) |  |  | 47.95 |
Issued |  |  | (310,917 | ) |  |  | 28.81 |
Forfeited |  |  | (65,933 | ) |  |  | 34.02 |
Outstanding at December 27, 2024 |  |  | 2,573,920 |  |  | $ | 26.07 |
Included in the outstanding shares are 76,306 shares as of March 29, 2024, which have vested but were issued during the nine-month period ended December 27, 2024. PSUs are included at 0% - 200% of target goals. The total compensation cost related to unvested awards not yet recorded at December 27, 2024 was $18,084, which is expected to be recognized over a weighted average period of 2.04 years. The total grant date fair value of PSUs vested was $8,958 for the nine-month period ended December 27, 2024. The Company recorded stock-based compensation expense in the following expense categories of its condensed consolidated statements of operations:
|  | Three-Month Period Ended |  |  | Nine-Month Period Ended |
|  | December 27, 2024 |  |  | December 29, 2023 |  |  | December 27, 2024 |  |  | December 29, 2023 |
Cost of goods sold |  | $ | 802 |  |  | $ | 1,073 |  |  | $ | 2,180 |  |  | $ | 4,625 |
Research and development |  |  | 3,960 |  |  |  | 3,870 |  |  |  | 11,218 |  |  |  | 10,340 |
Selling, general and administrative |  |  | 5,826 |  |  |  | 5,977 |  |  |  | 18,853 |  |  |  | 17,874 |
Total stock-based compensation |  | $ | 10,588 |  |  | $ | 10,920 |  |  | $ | 32,251 |  |  | $ | 32,839 |

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