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Common Stock and Stock-Based Compensation (Tables)
6 Months Ended
Sep. 26, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity

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

 

Schedule of Performance Stock Units Activity

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

 

Schedule of Pre-tax Stock-Based Compensation Expense

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