XML 68 R40.htm IDEA: XBRL DOCUMENT v3.19.1
Equity-Based Compensation (Tables)
12 Months Ended
Mar. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity Associated with Awards A summary of the activity associated with these awards is as follows:

 

(in thousands)

 

 

 

Management Incentive Plan Award Units

 

 

Time Vesting Restricted Share Awards

 

 

Performance Vesting Restricted Share Awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at April 2, 2016

 

 

 

 

11,754

 

 

 

 

 

 

 

Granted

 

 

 

 

988

 

 

 

 

 

 

 

Forfeited

 

 

 

 

(238

)

 

 

 

 

 

 

Outstanding at April 1, 2017

 

 

 

 

12,504

 

 

 

 

 

 

 

Granted

 

 

 

 

351

 

 

 

 

 

 

 

Forfeited

 

 

 

 

(200

)

 

 

 

 

 

 

Outstanding at March 31, 2018

 

 

 

 

12,655

 

 

 

 

 

 

 

Granted

 

 

 

 

1,000

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

Exchange of MIP awards for RSA Awards

 

 

 

 

(13,655

)

 

 

290

 

 

 

3,686

 

Vested

 

 

 

 

 

 

 

 

 

 

(3,686

)

Outstanding at March 30, 2019

 

 

 

 

 

 

 

290

 

 

 

 

 

Summary of Stock Options Activity A summary of the activity associated with these awards is as follows:

 

 

 

Shares (in thousands)

 

 

Weighted Average Exercise Price Per Share

 

 

Weighted Average Remaining Term (in years)

 

 

Aggregate Intrinsic Value (in thousands)

 

Outstanding at March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

146

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 30, 2019

 

 

146

 

 

$

15.00

 

 

 

5.50

 

 

$

584

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at March 30, 2019

 

 

146

 

 

$

15.00

 

 

 

5.50

 

 

$

584

 

Exercisable at March 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Performance Share Units Activity A summary of the activity associated with these awards is as follows:

 

 

 

Shares (in thousands)

 

 

Weighted Average Grant Date Fair Value Per Unit

 

Outstanding at March 31, 2018

 

 

 

 

 

 

 

Granted

 

 

146

 

 

$

3.62

 

Vested

 

 

 

 

 

 

 

Outstanding at March 30, 2019

 

 

146

 

 

 

 

 

 

Summary of Restricted Share Units and Restricted Share Awards Activity

 

(Units and shares in thousands)

 

Restricted Share Units

 

 

Restricted Share Awards

 

Outstanding at March 31, 2018

 

 

 

 

 

 

Granted

 

 

158

 

 

 

349

 

Vested

 

 

 

 

 

(349

)

Outstanding at March 30, 2019

 

 

158

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Grant Date Fair Value Per Unit or Share

 

$

14.24

 

 

$

29.77

 

 

Summary of Assumptions Used in Black-Scholes Option-Pricing Model and Monte-Carlo Simulation along with Weighted-Average Grant Date Fair Value

The assumptions used in the Black-Scholes option-pricing model and Monte-Carlo simulation for performance share units along with the weighted-average grant date fair value for awards granted in fiscal 2019 are as follows:

 

 

 

Options

 

 

Performance Share Units

 

 

 

 

 

 

 

 

 

 

Weighted-average assumptions used:

 

 

 

 

 

 

 

 

Expected volatility

 

 

25.8

%

 

 

29.5

%

Dividend yield

 

 

 

 

 

 

Risk-free interest rate

 

 

2.4

%

 

 

2.4

%

Expected term, in years

 

 

5.75

 

 

 

2.49

 

Weighted average grant date fair value per share

 

$

3.93

 

 

$

3.62