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Stock-Based Compensation (Tables) | 12 Months Ended
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Apr. 03, 2021
Share-based Payment Arrangement [Abstract] |
Stock Options Activity | Stock Options. The following table summarizes stock option activity for fiscal years 2021, 2020 and 2019:
| Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding at March 31, 2018 | 418,205 |  |  | $ | 79.73 |  |  |  |  |
Granted | 73,750 |  |  | 194.08 |  |  |  |  |
Exercised | (74,144) |  |  | 53.78 |  |  |  |  |
Canceled or expired | (6,700) |  |  | 150.34 |  |  |  |  |
Outstanding at March 30, 2019 | 411,111 |  |  | $ | 102.71 |  |  | 3.74 |  | $ | 61,025 |
Granted | 74,750 |  |  | 145.24 |  |  |  |  |
Exercised | (120,687) |  |  | 63.66 |  |  |  |  |
Canceled or expired | (1,000) |  |  | 99.65 |  |  |  |  |
Outstanding at March 28, 2020 | 364,174 |  |  | $ | 123.93 |  |  | 4.02 |  | $ | 49,000 |
Granted | 39,800 |  |  | 177.61 |  |  |  |  |
Exercised | (131,567) |  |  | 90.49 |  |  |  |  |
Canceled or expired | (20,658) |  |  | 148.95 |  |  |  |  |
Outstanding at April 3, 2021 | 251,749 |  |  | $ | 146.86 |  |  | 4.04 |  | $ | 34,266 |
Exercisable at March 30, 2019 | 197,663 |  |  | $ | 71.28 |  |  | 2.35 |  | $ | 31,296 |
Exercisable at March 28, 2020 | 179,133 |  |  | $ | 100.82 |  |  | 2.83 |  | $ | 25,423 |
Exercisable at April 3, 2021 | 108,588 |  |  | $ | 132.48 |  |  | 3.22 |  | $ | 15,549 |
Stock Options, Weighted Average Assumptions | The fair values of options granted were estimated at the date of grant using the following weighted average assumptions:
| Fiscal Year
| 2021 |  | 2020 |  | 2019
Volatility | 47.5 | % |  | 36.0 | % |  | 31.5 | %
Risk-free interest rate | 0.3 | % |  | 2.0 | % |  | 2.7 | %
Dividend yield | — | % |  | — | % |  | — | %
Expected option life in years | 4.56 |  | 4.33 |  | 5.18
Estimated forfeiture rate | 7.0 | % |  | 7.0 | % |  | 7.0 | %
Restricted Stock Unit Activity | Restricted Stock Awards. A summary of restricted stock award activity for fiscal years 2021 and 2020 is as follows:
| Number of Shares
| Performance-Based Awards |  | Service-Based Awards |  | Total
Outstanding at March 30, 2019 | — |  |  | — |  |  | — |
Awarded | 7,305 |  |  | 4,900 |  |  | 12,205 |
Released | — |  |  | (400) |  |  | (400) |
Canceled or expired | — |  |  | — |  |  | — |
Outstanding at March 28, 2020 | 7,305 |  |  | 4,500 |  |  | 11,805 |
Awarded | 7,450 |  |  | 3,550 |  |  | 11,000 |
Released | — |  |  | (3,465) |  |  | (3,465) |
Canceled or expired | (1,816) |  |  | — |  |  | (1,816) |
Outstanding at April 3, 2021 | 12,939 |  |  | 4,585 |  |  | 17,524 |
Unvested target stock awards that may vest based upon performance conditions through fiscal year 2022 | 6,438 |  |  |  |  |
Unvested target stock awards that may vest based upon performance conditions through fiscal year 2023 | 6,501 |  |  |  |  |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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