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v3.23.1

Reinsurance and Insurance Loss Reserves (Tables) | 12 Months Ended
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Apr. 01, 2023
Insurance [Abstract] |
Reinsurance Effect on Premiums Written and Earned | The effects of reinsurance on premiums written and earned were as follows (in thousands):
| Year Ended
| April 1, 2023 |  | April 2, 2022
| Written |  | Earned |  | Written |  | Earned
Direct premiums | $ | 32,671 |  |  | $ | 29,775 |  |  | $ | 27,639 |  |  | $ | 25,543 |
Assumed premiums—nonaffiliated | 34,153 |  |  | 32,809 |  |  | 31,693 |  |  | 30,579 |
Ceded premiums—nonaffiliated | (18,300) |  |  | (18,300) |  |  | (15,232) |  |  | (15,232) |
| $ | 48,524 |  |  | $ | 44,284 |  |  | $ | 44,100 |  |  | $ | 40,890 |
Activity in property casualty reserve | The following details the activity in the reserve for fiscal years 2023, 2022 and 2021 (in thousands):
| April 1, 2023 |  | April 2, 2022 |  | April 3, 2021
Balance at beginning of period | $ | 8,149 |  |  | $ | 7,451 |  |  | $ | 5,582 |
Net incurred losses during the year | 33,466 |  |  | 25,962 |  |  | 23,041 |
Net claim payments during the year | (30,676) |  |  | (25,264) |  |  | (21,172) |
Balance at end of period | $ | 10,939 |  |  | $ | 8,149 |  |  | $ | 7,451 |

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- Definition The entire disclosure for the supplemental schedule of reinsurance information. Reinsurance schedule includes, but is not limited to, the type of insurance, gross amount of premiums, premiums ceded to other entities, premiums assumed from other entities, net amount of premium revenue, and the percentage of the premiums assumed to net premium revenue. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 17 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.12-17) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480149/944-235-S99-2 + Details
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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 + Details
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