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Leases (Tables)
9 Months Ended
Dec. 28, 2024
Leases  
Schedule of ROU assets and liabilities

ROU assets and lease liabilities as of December 28, 2024 and March 30, 2024 consisted of the following:

December 28, 2024

March 30, 2024

Balance Sheet Classification

(in thousands)

(in thousands)

Assets

Finance lease assets

Right-of-use assets, net

$

7,976

$

8,537

Operating lease assets

Right-of-use assets, net

 

445,075

 

381,964

Total lease assets

$

453,051

$

390,501

Liabilities

 

 

Current

Finance

Short-term lease liabilities

$

929

$

873

Operating

Short-term lease liabilities

69,373

62,581

Total short-term lease liabilities

$

70,302

$

63,454

Non-Current

Finance

Long-term lease liabilities

$

13,726

$

14,428

Operating

Long-term lease liabilities

457,422

388,875

Total long-term lease liabilities

$

471,148

$

403,303

Total lease liabilities

$

541,450

$

466,757

Schedule of total lease cost

Total lease costs for the thirteen and thirty-nine weeks ended December 28, 2024 and December 30, 2023 were:

Thirteen Weeks Ended

Thirty-Nine Weeks Ended

(in thousands)

  

December 28, 2024

December 30, 2023

December 28, 2024

December 30, 2023

Finance lease cost

Amortization of right-of-use assets

$

187

$

205

$

561

$

618

Interest on lease liabilities

157

167

479

508

Total finance lease cost

$

344

$

372

$

1,040

$

1,126

Operating lease cost

$

23,469

$

18,515

$

67,140

$

53,594

Short-term lease cost

1,301

1,298

2,921

3,138

Variable lease cost

8,176

6,132

23,243

18,266

Total lease cost

$

33,290

$

26,317

$

94,344

$

76,124

Schedule of future operating lease payments

The following table summarizes future lease payments as of December 28, 2024:

Operating Leases

Finance Leases

Fiscal Year

(in thousands)

(in thousands)

2025 (Remainder)

$

11,974

$

381

2026

 

94,352

 

1,552

2027

 

94,170

 

1,590

2028

83,883

1,629

2029

76,359

1,669

Thereafter

 

289,459

 

11,226

Total

650,197

18,047

Less: Imputed interest

(123,402)

(3,392)

Present value of net lease payments

$

526,795

$

14,655

Schedule of future finance lease payments

The following table summarizes future lease payments as of December 28, 2024:

Operating Leases

Finance Leases

Fiscal Year

(in thousands)

(in thousands)

2025 (Remainder)

$

11,974

$

381

2026

 

94,352

 

1,552

2027

 

94,170

 

1,590

2028

83,883

1,629

2029

76,359

1,669

Thereafter

 

289,459

 

11,226

Total

650,197

18,047

Less: Imputed interest

(123,402)

(3,392)

Present value of net lease payments

$

526,795

$

14,655

Schedule of supplemental lease information

The following table includes supplemental lease information:

    

Thirty-Nine Weeks Ended

    

Thirty-Nine Weeks Ended

Supplemental Cash Flow Information (dollars in thousands)

December 28, 2024

December 30, 2023

Cash paid for amounts included in the measurement of lease liabilities

Operating cash flows used for operating leases

$

71,301

$

57,127

Operating cash flows used for finance leases

 

472

 

501

Financing cash flows used for finance leases

662

670

$

72,435

$

58,298

Lease liabilities arising from new right-of-use assets

Operating leases

$

111,866

$

80,498

Finance leases

$

$

Weighted average remaining lease term (in years)

Operating leases

7.8

8.0

Finance leases

10.7

11.7

Weighted average discount rate

Operating leases

5.1

%

4.9

%

Finance leases

10.9

%

10.9

%