XML 39 R29.htm IDEA: XBRL DOCUMENT

Leases (Tables)

9 Months Ended

Dec. 26, 2020

Leases [Abstract]

Summary of Lease Expense Included in Condensed Consolidated Income Statements

Lease expense included in the accompanying condensed consolidated income statements is shown below:

		Three Months Ended
(Dollars in thousands)		December 26, 2020				December 28, 2019
Operating lease expense		$	1,362			$	1,359
Short-term lease expense			266				402
Total lease expense		$	1,628			$	1,761

		Nine Months Ended
(Dollars in thousands)		December 26, 2020				December 28, 2019
Operating lease expense		$	4,102			$	4,234
Short-term lease expense			1,251				1,005
Total lease expense		$	5,353			$	5,239

Schedule of Operating Lease Assets Included in Condensed Consolidated Balance Sheet

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

(Dollars in thousands)		December 26, 2020				March 28, 2020
Right-of-use assets under operating leases:
Other long-term assets		$	12,515			$	14,808
Lease obligations under operating leases:
Other current liabilities		$	4,305			$	4,789
Other long-term liabilities			8,210				10,019
Total lease obligation		$	12,515			$	14,808

Summary of Maturities of Lease Obligations

Maturities of lease obligations as of December 26, 2020, are shown below:

(Dollars in thousands)		December 26, 2020
Fiscal 2021 ⁽¹⁾		$	1,294
Fiscal 2022			4,694
Fiscal 2023			3,754
Fiscal 2024			1,803
Fiscal 2025			1,124
Thereafter			1,879
Total undiscounted cash flows			14,548
Less: imputed interest			(2,033	)
Lease obligations under operating leases		$	12,515

(1)	For remaining period in fiscal year.

Schedule of Weighted Average Remaining Lease Term and Discount Rate

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

December 26,

2020

Weighted-average remaining lease term (in years)

4.6

Weighted-average discount rate

5.5

Schedule of Cash Flow Information Related to Operating Leases

Cash flow information related to operating leases is shown below:

		Nine Months Ended
(Dollars in thousands)		December 26, 2020				December 28, 2019
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations		$	1,430			$	1,711
Operating cash flows:
Cash paid related to operating lease obligations		$	4,255			$	4,262