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Common Stock and Stock-Based Compensation (Tables)
9 Months Ended
Dec. 27, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity

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

 

Schedule of Performance Stock Units Activity

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

 

Schedule of Stock-Based Compensation Expense

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