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Stock-Based Compensation (Tables)

12 Months Ended

Mar. 30, 2024

Stock-Based Compensation

Schedule of stock award activity

The following table summarizes the stock award activity for the fiscal year ended March 30, 2024:

​

​	​	​	​	​	​	​	​	​	​	​	​
​		​		​	​		Weighted		​	​
​	​	​	​	Grant Date		​	Average	​	​	​
​	​	​	​	Weighted		​	Remaining	​	Aggregate
​	​	Stock	​	Average		​	Contractual	​	Intrinsic
​		Options		Exercise Price			Life (in Years)		Value
​	​	​	​	​	​	​	​	​	(in thousands)		​
Outstanding at April 1, 2023		739,480	​	$	31.60	​	​	​	​	​	​
Granted		—	​	$	—	​	​	​	​	​	​
Exercised	​	(398,875)	​	$	24.41	​	​	​	$	26,774	​
Cancelled, forfeited or expired		—	​	$	—	​	​	​	​	​	​
Outstanding at March 30, 2024		340,605	​	$	40.00		5.5	​	$	18,783	​
Vested and expected to vest after March 30, 2024		340,605	​	$	40.00		5.5	​	$	18,783	​
Exercisable at March 30, 2024		186,118	​	$	24.67		4.3	​	$	13,117	​

Schedule of non-vested stock options

A summary of the status of non-vested stock options as of March 30, 2024 and changes during fiscal 2024 is presented below:

​	​	​	​	​	​	​
​		​		Weighted-
​	​	​	​	Average
​	​	​	​	Grant Date
​		Shares		Fair Value
Nonvested at April 1, 2023		480,252	​	$	16.26	​
Granted		—	​	$	—	​
Vested		(325,765)	​	$	9.37	​
Nonvested shares forfeited		—	​	$	—	​
Nonvested at March 30, 2024		154,487	​	$	30.63	​

CEO

Stock-Based Compensation

Schedule of assumptions used to determine fair value of stock options

The following significant assumptions were used as of May 12, 2022, the date of grant:

​

​	​	​	​	​
Stock price		$	86.96
Exercise price	​	$	86.96	​
Expected option term(1)	​		6.5	years
Expected volatility(2)	​		65.9	%
Risk-free interest rate(3)	​	​	2.8	%
Expected annual dividend yield	​	​	0	%

(1) The Company has limited historical information regarding the expected option term. Accordingly, the Company determined the expected life of the options using the simplified method.

(2) Stock volatility for each grant is measured using the weighted average of historical daily price changes of the Company’s stock over the most recent period equal to the expected option term of the Company’s awards.

(3) The risk-free interest rate is determined using the rate on treasury securities with the same term.

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