XML 24 R13.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Leases | 9 Months Ended
--- | ---
Dec. 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 December 30, 2023 and April 1, 2023 (in thousands):
| Classification |  | December 30, 2023 |  | April 1, 2023
ROU assets |  |  |  |  |
Operating lease assets | Operating lease right-of-use ("ROU") assets |  | $ | 37,393 |  |  | $ | 26,755 |
Finance lease assets | Property, plant and equipment, net (1) |  | 6,351 |  |  | 6,088 |
Total lease assets |  |  | $ | 43,744 |  |  | $ | 32,843 |
Lease Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating lease liabilities | Accrued expenses and other current liabilities |  | $ | 5,305 |  |  | $ | 6,262 |
Finance lease liabilities | Accrued expenses and other current liabilities |  | 79 |  |  | 347 |
Non-current: |  |  |  |  |
Operating lease liabilities | Operating lease liabilities |  | 33,285 |  |  | 21,678 |
Finance lease liabilities | Other liabilities |  | 6,107 |  |  | 5,896 |
Total lease liabilities |  |  | $ | 44,776 |  |  | $ | 34,183 |
(1) Recorded net of accumulated amortization of $0.4 million and $0.3 million as of December 30, 2023 and April 1, 2023, respectively. The present value of future minimum payments under non-cancelable leases as of December 30, 2023 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
Remainder of fiscal 2024 | $ | 1,688 |  |  | $ | 89 |  |  | $ | 1,777 |
Fiscal 2025 | 7,035 |  |  | 356 |  |  | 7,391 |
Fiscal 2026 | 6,980 |  |  | 356 |  |  | 7,336 |
Fiscal 2027 | 4,545 |  |  | 356 |  |  | 4,901 |
Fiscal 2028 | 3,649 |  |  | 356 |  |  | 4,005 |
Fiscal 2029 | 3,456 |  |  | 356 |  |  | 3,812 |
Thereafter | 20,276 |  |  | 10,230 |  |  | 30,506 |
| 47,629 |  |  | 12,099 |  |  | 59,728 |
Less: Amount representing interest | (9,039) |  |  | (5,913) |  |  | (14,952) |
| $ | 38,590 |  |  | $ | 6,186 |  |  | $ | 44,776 |
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 December 30, 2023 and April 1, 2023 (in thousands):
| Classification |  | December 30, 2023 |  | April 1, 2023
ROU assets |  |  |  |  |
Operating lease assets | Operating lease right-of-use ("ROU") assets |  | $ | 37,393 |  |  | $ | 26,755 |
Finance lease assets | Property, plant and equipment, net (1) |  | 6,351 |  |  | 6,088 |
Total lease assets |  |  | $ | 43,744 |  |  | $ | 32,843 |
Lease Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating lease liabilities | Accrued expenses and other current liabilities |  | $ | 5,305 |  |  | $ | 6,262 |
Finance lease liabilities | Accrued expenses and other current liabilities |  | 79 |  |  | 347 |
Non-current: |  |  |  |  |
Operating lease liabilities | Operating lease liabilities |  | 33,285 |  |  | 21,678 |
Finance lease liabilities | Other liabilities |  | 6,107 |  |  | 5,896 |
Total lease liabilities |  |  | $ | 44,776 |  |  | $ | 34,183 |
(1) Recorded net of accumulated amortization of $0.4 million and $0.3 million as of December 30, 2023 and April 1, 2023, respectively. The present value of future minimum payments under non-cancelable leases as of December 30, 2023 was as follows (in thousands):
| Operating Leases |  | Finance Leases |  | Total
Remainder of fiscal 2024 | $ | 1,688 |  |  | $ | 89 |  |  | $ | 1,777 |
Fiscal 2025 | 7,035 |  |  | 356 |  |  | 7,391 |
Fiscal 2026 | 6,980 |  |  | 356 |  |  | 7,336 |
Fiscal 2027 | 4,545 |  |  | 356 |  |  | 4,901 |
Fiscal 2028 | 3,649 |  |  | 356 |  |  | 4,005 |
Fiscal 2029 | 3,456 |  |  | 356 |  |  | 3,812 |
Thereafter | 20,276 |  |  | 10,230 |  |  | 30,506 |
| 47,629 |  |  | 12,099 |  |  | 59,728 |
Less: Amount representing interest | (9,039) |  |  | (5,913) |  |  | (14,952) |
| $ | 38,590 |  |  | $ | 6,186 |  |  | $ | 44,776 |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration