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v3.23.3

Leases | 6 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Finance Leases | Leases We lease certain production and retail locations, office space and equipment. The following table provides information about the financial statement classification of our lease balances reported within the Consolidated Balance Sheets as of September 30, 2023 and April 1, 2023 (in thousands):
| Classification |  | September 30, 2023 |  | April 1, 2023
ROU assets |  |  |  |  |
Operating lease assets | Operating lease right-of-use assets |  | $ | 34,413 |  |  | $ | 26,755 |
Finance lease assets | Property, plant and equipment, net (1) |  | 6,044 |  |  | 6,088 |
Total lease assets |  |  | $ | 40,457 |  |  | $ | 32,843 |
Lease Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating lease liabilities | Accrued expenses and other current liabilities |  | $ | 5,027 |  |  | $ | 6,262 |
Finance lease liabilities | Accrued expenses and other current liabilities |  | 78 |  |  | 347 |
Non-current: |  |  |  |  |
Operating lease liabilities | Operating lease liabilities |  | 30,529 |  |  | 21,678 |
Finance lease liabilities | Other liabilities |  | 6,127 |  |  | 5,896 |
Total lease liabilities |  |  | $ | 41,761 |  |  | $ | 34,183 |
(1) Recorded net of accumulated amortization of $0.3 million as of September 30, 2023 and April 1, 2023. The present value of minimum payments for future fiscal years under non-cancelable leases as of September 30, 2023 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
Remainder of fiscal 2024 | $ | 3,254 |  |  | $ | 178 |  |  | $ | 3,432 |
Fiscal 2025 | 6,582 |  |  | 356 |  |  | 6,938 |
Fiscal 2026 | 6,160 |  |  | 356 |  |  | 6,516 |
Fiscal 2027 | 3,655 |  |  | 356 |  |  | 4,011 |
Fiscal 2028 | 3,141 |  |  | 356 |  |  | 3,497 |
Fiscal 2029 | 3,072 |  |  | 356 |  |  | 3,428 |
Thereafter | 18,140 |  |  | 10,230 |  |  | 28,370 |
| 44,004 |  |  | 12,188 |  |  | 56,192 |
Less: Amount representing interest | (8,448) |  |  | (5,983) |  |  | (14,431) |
| $ | 35,556 |  |  | $ | 6,205 |  |  | $ | 41,761 |
Operating Leases | Leases We lease certain production and retail locations, office space and equipment. The following table provides information about the financial statement classification of our lease balances reported within the Consolidated Balance Sheets as of September 30, 2023 and April 1, 2023 (in thousands):
| Classification |  | September 30, 2023 |  | April 1, 2023
ROU assets |  |  |  |  |
Operating lease assets | Operating lease right-of-use assets |  | $ | 34,413 |  |  | $ | 26,755 |
Finance lease assets | Property, plant and equipment, net (1) |  | 6,044 |  |  | 6,088 |
Total lease assets |  |  | $ | 40,457 |  |  | $ | 32,843 |
Lease Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating lease liabilities | Accrued expenses and other current liabilities |  | $ | 5,027 |  |  | $ | 6,262 |
Finance lease liabilities | Accrued expenses and other current liabilities |  | 78 |  |  | 347 |
Non-current: |  |  |  |  |
Operating lease liabilities | Operating lease liabilities |  | 30,529 |  |  | 21,678 |
Finance lease liabilities | Other liabilities |  | 6,127 |  |  | 5,896 |
Total lease liabilities |  |  | $ | 41,761 |  |  | $ | 34,183 |
(1) Recorded net of accumulated amortization of $0.3 million as of September 30, 2023 and April 1, 2023. The present value of minimum payments for future fiscal years under non-cancelable leases as of September 30, 2023 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
Remainder of fiscal 2024 | $ | 3,254 |  |  | $ | 178 |  |  | $ | 3,432 |
Fiscal 2025 | 6,582 |  |  | 356 |  |  | 6,938 |
Fiscal 2026 | 6,160 |  |  | 356 |  |  | 6,516 |
Fiscal 2027 | 3,655 |  |  | 356 |  |  | 4,011 |
Fiscal 2028 | 3,141 |  |  | 356 |  |  | 3,497 |
Fiscal 2029 | 3,072 |  |  | 356 |  |  | 3,428 |
Thereafter | 18,140 |  |  | 10,230 |  |  | 28,370 |
| 44,004 |  |  | 12,188 |  |  | 56,192 |
Less: Amount representing interest | (8,448) |  |  | (5,983) |  |  | (14,431) |
| $ | 35,556 |  |  | $ | 6,205 |  |  | $ | 41,761 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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