Common Stock and Stock-Based Compensation

6 Months Ended

Sep. 26, 2025

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 six-month period ended September 26, 2025:


	Shares			Weighted-Average Grant Date Fair Value
Outstanding at March 28, 2025		2,330,344		$	28.88
Granted		1,840,282			27.03
Issued		(885,181	)		29.17
Forfeited		(92,266	)		28.21
Outstanding at September 26, 2025		3,193,179		$	27.75

As of September 26, 2025, total unrecognized compensation expense for awards issued was $69,964, which is expected to be recognized over a weighted-average period of 2.13 years. The total grant date fair value of RSUs vested was $25,818 for the six-month period ended September 26, 2025.

Performance Stock Units

The following table summarizes the Company’s PSU activity for the six-month period ended September 26, 2025:


	Shares			Weighted-Average Grant Date Fair Value
Outstanding at March 28, 2025		2,145,781		$	24.86
Granted		538,098			28.89
Cancelled		(52,435	)		28.63
Issued		(178,897	)		29.36
Forfeited		(359,349	)		23.00
Outstanding at September 26, 2025		2,093,198		$	25.73

PSUs are included at 0% - 200% of target goals. The total compensation cost related to unvested awards not yet recorded at
September 26, 2025 was $18,171, which is expected to be recognized over a weighted-average period of 2.22 years. The total grant date fair value of PSUs vested was $5,253 for the six-month period ended September 26, 2025.

The Company recorded pre-tax stock-based compensation expense in the following expense categories of its condensed consolidated statements of operations:


	Three-Month Period Ended				Six-Month Period Ended
	September 26, 2025		September 27, 2024		September 26, 2025		September 27, 2024
Cost of goods sold	$	1,017	$	817	$	1,905	$	1,378
Research and development		4,907		3,523		7,818		7,258
Selling, general and administrative		7,757		7,205		14,720		13,027
Total pre-tax stock-based compensation expense	$	13,681	$	11,545	$	24,443	$	21,663