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v3.23.1

Leases (Tables) | 12 Months Ended
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Apr. 01, 2023
Leases [Abstract] |
Lease, Cost | The following table provides information about the financial statement classification of our lease expenses reported within the Consolidated Statements of Comprehensive Income for the years ended April 1, 2023, April 2, 2022 and April 3, 2021 (in thousands):
|  |  | Year Ended
Lease Expense Category | Classification |  | April 1, 2023 |  | April 2, 2022 |  | April 3, 2021
Operating lease expense (2) |  |  |  |  |  |  |
| Cost of sales |  | $ | 1,190 |  |  | $ | 1,160 |  |  | $ | 1,105 |
| Selling, general and administrative expenses |  | 4,059 |  |  | 3,636 |  |  | 3,327 |
Finance lease expense |  |  |  |  |  |  |
Amortization of leased assets | Cost of sales |  | 175 |  |  | 109 |  |  | 39 |
Interest on lease liabilities | Interest expense |  | 283 |  |  | 151 |  |  | 17 |
Total lease expense |  |  | $ | 5,707 |  |  | $ | 5,056 |  |  | $ | 4,488 |
(2) Excludes short-term and variable lease expenses, which are immaterial. Cash payments for operating and finance leases were as follows (in thousands):
| April 1, 2023 |  | April 2, 2022 |  | April 3, 2021
Operating leases | $ | 5,609 |  |  | $ | 4,794 |  |  | $ | 4,164 |
Finance leases | 356 |  |  | 220 |  |  | 79 |
Operating lease liability maturities | The present value of minimum payments for future fiscal years under non-cancelable leases as of April 1, 2023 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
2023 | $ | 6,397 |  |  | $ | 356 |  |  | $ | 6,753 |
2024 | 5,551 |  |  | 356 |  |  | 5,907 |
2025 | 5,073 |  |  | 356 |  |  | 5,429 |
2026 | 2,673 |  |  | 356 |  |  | 3,029 |
2027 | 2,174 |  |  | 356 |  |  | 2,530 |
Thereafter | 11,913 |  |  | 10,585 |  |  | 22,498 |
| 33,781 |  |  | 12,365 |  |  | 46,146 |
Less: Amount representing interest | (5,841) |  |  | (6,122) |  |  | (11,963) |
| $ | 27,940 |  |  | $ | 6,243 |  |  | $ | 34,183 |
Finance lease liability maturities | The present value of minimum payments for future fiscal years under non-cancelable leases as of April 1, 2023 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
2023 | $ | 6,397 |  |  | $ | 356 |  |  | $ | 6,753 |
2024 | 5,551 |  |  | 356 |  |  | 5,907 |
2025 | 5,073 |  |  | 356 |  |  | 5,429 |
2026 | 2,673 |  |  | 356 |  |  | 3,029 |
2027 | 2,174 |  |  | 356 |  |  | 2,530 |
Thereafter | 11,913 |  |  | 10,585 |  |  | 22,498 |
| 33,781 |  |  | 12,365 |  |  | 46,146 |
Less: Amount representing interest | (5,841) |  |  | (6,122) |  |  | (11,963) |
| $ | 27,940 |  |  | $ | 6,243 |  |  | $ | 34,183 |

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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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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