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Leases (Tables)
12 Months Ended
Apr. 03, 2021
Leases [Abstract]  
Summary of Lease Expense Included in Condensed Consolidated Statement of Operations Lease expense included in the accompanying condensed consolidated statement of operations is shown below:

(Dollars in thousands)

 

April 3,

2021

 

 

March 28,

2020

 

Operating lease expense

 

$

5,387

 

 

$

5,884

 

Short-term lease expense

 

 

1,925

 

 

 

1,378

 

Total lease expense

 

$

7,312

 

 

$

7,262

 

 

Schedule of Operating Lease Assets Included in Condensed Consolidated Balance Sheet

Operating lease assets and obligations included in the accompanying condensed consolidated balance sheet are shown below:

(Dollars in thousands)

 

April 3,

2021

 

 

March 28,

2020

 

Right-of-use assets under operating leases:

 

 

 

 

 

 

 

 

Other long-term assets

 

$

11,473

 

 

$

14,808

 

Lease obligations under operating leases:

 

 

 

 

 

 

 

 

Other current liabilities

 

 

4,250

 

 

 

4,789

 

Other long-term liabilities

 

 

7,223

 

 

 

10,019

 

Total lease obligation

 

$

11,473

 

 

$

14,808

 

 

 

Summary of Maturities of Lease Obligations

Maturities of lease obligations as of April 3, 2021 are shown below:

 

(Dollars in thousands)

 

April 3,

2021

 

Fiscal 2022

 

$

4,732

 

Fiscal 2023

 

 

3,787

 

Fiscal 2024

 

 

1,823

 

Fiscal 2025

 

 

1,133

 

Fiscal 2026

 

 

440

 

Thereafter

 

 

1,438

 

Total undiscounted cash flows

 

 

13,353

 

Less: imputed interest

 

 

(1,880

)

Lease obligations under operating leases

 

$

11,473

 

Schedule of Weighted Average Remaining Lease Term and Discount Rate

The weighted average lease term and discount rate for operating leases are shown below:

 

 

April 3,

2021

 

Weighted average remaining lease term (in years)

 

 

4.6

 

Weighted average discount rate (as a percent)

 

 

5.6

 

Schedule of Other Information Related to Leases

 

Other information related to leases is as follows:

(Dollars in thousands)

 

Year Ended

April 3, 2021

 

 

Year Ended

March 28, 2020

 

Non-cash activity:

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for operating lease obligations

 

$

1,469

 

 

$

6,177

 

Operating cash flows:

 

 

 

 

 

 

 

 

Cash paid related to operating lease obligations

 

$

5,624

 

 

$

5,811