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Stock-Based Compensation (Tables) | 12 Months Ended
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Apr. 01, 2023
Share-Based Payment Arrangement [Abstract] |
Stock Options Activity | Stock Options. The following table summarizes stock option activity for fiscal years 2023, 2022 and 2021:
| Number of Shares |  | Weighted Average Exercise Price per share |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding at March 28, 2020 | 364,174 |  |  | $ | 123.93 |  |  |  |  |
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 |
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 |
Exercised | (44,237) |  |  | 137.28 |  |  |  |  |
Canceled or expired | (5,100) |  |  | 241.23 |  |  |  |  |
Outstanding at April 1, 2023 | 143,576 |  |  | $ | 160.40 |  |  | 2.88 |  | $ | 22,591 |
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 |
Exercisable at April 1, 2023 | 116,434 |  |  | $ | 155.38 |  |  | 2.70 |  | $ | 18,887 |
Stock Options, Weighted Average Assumptions | There were no grants of stock options in fiscal years 2023 or 2022. The weighted-average estimated fair value of employee stock options granted during fiscal year 2021 was $69.65 per share using the following weighted average assumptions:
| 2021
Volatility | 47.5 | %
Risk-free interest rate | 0.3 | %
Dividend yield | — | %
Expected option life in years | 4.56
Estimated forfeiture rate | 7.0 | %
Restricted Stock Unit Activity | Restricted Stock Awards. A summary of RSU activity for fiscal years 2023, 2022 and 2021 is as follows:
| Number of Service-based units |  | Weighted Average Grant Date Fair Value per share
Outstanding at March 28, 2020 | 4,500 |  |  | $ | 157.82 |
Awarded | 3,550 |  |  | 183.83 |
Released | (3,465) |  |  | 158.97 |
Outstanding at April 3, 2021 | 4,585 |  |  | $ | 177.08 |
Awarded | 16,902 |  |  | 233.60 |
Released | (3,335) |  |  | 180.83 |
Forfeited | (505) |  |  | 215.90 |
Outstanding at April 2, 2022 | 17,647 |  |  | $ | 229.39 |
Awarded | 18,965 |  |  | 227.99 |
Released | (6,714) |  |  | 234.55 |
Forfeited | (1,030) |  |  | 283.27 |
Outstanding at April 1, 2023 | 28,868 |  |  | $ | 225.35 |
The total intrinsic value of RSUs released during fiscal years 2023, 2022 and 2021 was $1.6 million, $0.8 million and $0.6 million, respectively.
| Number of Performance-based units |  | Weighted Average Grant Date Fair Value per share
Outstanding at March 28, 2020 | 7,305 |  |  | $ | 158.93 |
Awarded | 7,450 |  |  | 167.93 |
Forfeited | (1,816) |  |  | 163.19 |
Outstanding at April 3, 2021 | 12,939 |  |  | $ | 163.51 |
Awarded | 7,920 |  |  | 217.39 |
Forfeited | (805) |  |  | 192.64 |
Outstanding at April 2, 2022 | 20,054 |  |  | $ | 183.62 |
Awarded | 11,730 |  |  | 209.87 |
Additional shares granted by performance | 2,489 |  |  | 158.36 |
Released | (8,822) |  |  | 158.36 |
Outstanding at April 1, 2023 | 25,451 |  |  | $ | 202.00 |
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 |  |  |
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 2025 | 11,730 |  |  |

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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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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