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Leases (Tables) | 12 Months Ended
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Apr. 03, 2021
Leases [Abstract] |
Lease, Cost | The following table provides information about the financial statement classification of our lease expenses reported within the Consolidated Statement of Comprehensive Income for the years ended April 3, 2021 and March 28, 2020 (in thousands):
|  |  |  | Year Ended
Lease Expense Category |  | Classification |  | April 3, 2021 |  | March 28, 2020
Operating lease expense (2) |  |  |  |  |  |
|  | Cost of sales |  | $ | 1,105 |  |  | $ | 834 |
|  | Selling, general and administrative expenses |  | 3,327 |  |  | 3,119 |
Finance lease expense: |  |  |  |  |  |
Amortization of leased assets |  | Cost of sales |  | 39 |  |  | 39 |
Interest on lease liabilities |  | Interest expense |  | 17 |  |  | 52 |
Total lease expense |  |  |  | $ | 4,488 |  |  | $ | 4,044 |
(2) Excludes short-term and variable lease expenses, which are immaterial. Cash payments for operating and finance leases for the year ended April 3, 2021 were $4.2 million and $79,000, respectively. Cash payments for operating and finance leases for year ended March 28, 2020 were $3.4 million and $142,000, respectively. Rent expense for third-party operating leases was $5.2 million for the fiscal year ended March 30, 2019 and is included in Cost of sales and Selling, general and administrative expenses in the accompanying Consolidated Statements of Comprehensive Income.
Operating lease liability maturities | The present value minimum payments for future fiscal years under non-cancelable leases as of April 3, 2021 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
2022 | $ | 4,292 |  |  | $ | 73 |  |  | $ | 4,365 |
2023 | 3,973 |  |  | 73 |  |  | 4,046 |
2024 | 3,591 |  |  | 73 |  |  | 3,664 |
2025 | 2,799 |  |  | 73 |  |  | 2,872 |
2026 | 2,855 |  |  | 49 |  |  | 2,904 |
Thereafter | 2,266 |  |  | — |  |  | 2,266 |
| 19,776 |  |  | 341 |  |  | 20,117 |
Less: Amount representing interest | (2,231) |  |  | (37) |  |  | (2,268) |
| $ | 17,545 |  |  | $ | 304 |  |  | $ | 17,849 |
Finance lease liability maturities | The present value minimum payments for future fiscal years under non-cancelable leases as of April 3, 2021 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
2022 | $ | 4,292 |  |  | $ | 73 |  |  | $ | 4,365 |
2023 | 3,973 |  |  | 73 |  |  | 4,046 |
2024 | 3,591 |  |  | 73 |  |  | 3,664 |
2025 | 2,799 |  |  | 73 |  |  | 2,872 |
2026 | 2,855 |  |  | 49 |  |  | 2,904 |
Thereafter | 2,266 |  |  | — |  |  | 2,266 |
| 19,776 |  |  | 341 |  |  | 20,117 |
Less: Amount representing interest | (2,231) |  |  | (37) |  |  | (2,268) |
| $ | 17,545 |  |  | $ | 304 |  |  | $ | 17,849 |

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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
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