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Stock-Based Compensation (Tables) | 12 Months Ended
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Apr. 02, 2022
Share-Based Payment Arrangement [Abstract] |
Stock Options Activity | Stock Options. The following table summarizes stock option activity for fiscal years 2022, 2021 and 2020:
| Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding at March 30, 2019 | 411,111 |  |  | $ | 102.71 |  |  |  |  |
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 |
Granted | — |  |  | — |  |  |  |  |
Exercised | (53,550) |  |  | 107.58 |  |  |  |  |
Canceled or expired | (5,286) |  |  | 164.49 |  |  |  |  |
Outstanding at April 2, 2022 | 192,913 |  |  | $ | 157.23 |  |  | 3.34 |  | $ | 16,724 |
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 |
Exercisable at April 2, 2022 | 126,948 |  |  | $ | 149.90 |  |  | 2.82 |  | $ | 11,941 |
Stock Options, Weighted Average Assumptions | There were no grants of stock options in fiscal year 2022. The weighted-average estimated fair value of employee stock options granted during fiscal years 2021 and 2020 was $69.65 and $46.84 per share, respectively, using the following weighted average assumptions:
|  |  | Fiscal Year
|  |  | 2021 |  | 2020
Volatility |  |  | 47.5 | % |  | 36.0 | %
Risk-free interest rate |  |  | 0.3 | % |  | 2.0 | %
Dividend yield |  |  | — | % |  | — | %
Expected option life in years |  |  | 4.56 |  | 4.33
Estimated forfeiture rate |  |  | 7.0 | % |  | 7.0 | %
Restricted Stock Unit Activity | Restricted Stock Awards. A summary of RSU activity for fiscal years 2022, 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 |
Awarded | 7,920 |  |  | 16,902 |  |  | 24,822 |
Released | — |  |  | (3,335) |  |  | (3,335) |
Canceled or expired | (805) |  |  | (505) |  |  | (1,310) |
Outstanding at April 2, 2022 | 20,054 |  |  | 17,647 |  |  | 37,701 |
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 2022 | 6,333 |  |  |  |  |
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 2023 | 6,201 |  |  |  |  |
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 2024 | 7,520 |  |  |  |  |

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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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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