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v3.23.1

Equity-Based Compensation (Tables) | 12 Months Ended
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Apr. 01, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Activity Associated with Awards | A summary of the activity associated with these awards is as follows, there was no activity in fiscal 2022 or 2023.
(amounts in thousands) |  | Time Based Restricted Share Awards |
Outstanding at March 28, 2020 |  |  | 145 |
Vested |  |  | (145 | )
Outstanding at April 3, 2021 |  |  | — |
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 28, 2020 |  |  | 403 |  |  | $ | 26.29 |  |  |  |  |  |  |
Granted |  |  | 138 |  |  | $ | 31.21 |  |  |  |  |  |  |
Exercised |  |  | (5 | ) |  | $ | 15.00 |  |  |  |  |  |  |
Outstanding at April 3, 2021 |  |  | 536 |  |  | $ | 27.50 |  |  |  |  |  |  |
Granted |  |  | 13 |  |  | $ | 53.06 |  |  |  |  |  |  |
Exercised |  |  | (61 | ) |  | $ | 25.04 |  |  |  |  |  |  |
Forfeitures |  |  | (1 | ) |  | $ | 31.68 |  |  |  |  |  |  |
Outstanding at April 2, 2022 |  |  | 487 |  |  | $ | 28.50 |  |  |  |  |  |  |
Exercised |  |  | (89 | ) |  | $ | 27.64 |  |  |  |  |  |  |
Outstanding at April 1, 2023 |  |  | 398 |  |  | $ | 28.68 |  |  |  | 6.7 |  |  | $ | 18,525 |
Vested and expected to vest at April 1, 2023 |  |  | 398 |  |  | $ | 28.68 |  |  |  | 6.7 |  |  | $ | 18,525 |
Exercisable at April 1, 2023 |  |  | 343 |  |  | $ | 27.97 |  |  |  | 6.5 |  |  | $ | 16,223 |
Summary of Performance Share Units Activity | A summary of the activity associated with these awards based on the maximum potential achievement is as follows:
|  | Shares (in thousands, |  |  | Weighted Average Grant Date Fair Value Per Unit, |
|  | at maximum achievement) |  |  | (at maximum achievement) |
Outstanding at March 28, 2020 |  |  | 345 |  |  | $ | 9.23 |
Granted |  |  | 92 |  |  | $ | 18.92 |
Outstanding at April 3, 2021 |  |  | 437 |  |  | $ | 11.27 |
Granted |  |  | 188 |  |  | $ | 42.23 |
Vested |  |  | (84 | ) |  | $ | 6.38 |
Forfeitures |  |  | (134 | ) |  | $ | 3.01 |
Outstanding at April 2, 2022 |  |  | 407 |  |  | $ | 29.26 |
Granted |  |  | 254 |  |  | $ | 42.17 |
Vested |  |  | (128 | ) |  | $ | 33.22 |
Forfeitures |  |  | (3 | ) |  | $ | 35.88 |
Outstanding at April 1, 2023 |  |  | 530 |  |  | $ | 26.20 |
Summary of Restricted Share Units and Restricted Share Awards Activity |
(units and shares in thousands) |  | Restricted Stock Units |
Outstanding at March 30, 2019 |  | 194 |
Granted |  |  | 87 |
Forfeitures |  |  | (98 | )
Outstanding at April 3, 2021 |  |  | 183 |
Granted |  |  | 109 |
Vested |  |  | (126 | )
Forfeitures |  |  | (1 | )
Outstanding at April 2, 2022 |  |  | 165 |
Granted |  |  | 267 |
Vested |  |  | (91 | )
Forfeitures |  |  | (11 | )
Outstanding at April 1, 2023 |  |  | 330 |
Stock Options [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Assumptions Used in Black-Scholes Option-Pricing and Monte-Carlo Simulation Model with Weighted-Average Grant Date Fair Value | The assumptions used in the Black-Scholes option-pricing model along with the weighted average grant date fair value for awards granted in the periods presented are as follows:
Option Award Assumptions |  | Fiscal 2022 |  |  | Fiscal 2021 |
Weighted-average assumptions used: |  |  |  |  |  |
Expected volatility |  |  | 50.0 | % |  |  | 45.0 | %
Dividend yield |  |  | — |  |  |  | — |
Risk-free interest rate |  |  | 1.0 | % |  |  | 0.5 | %
Expected term, in years |  |  | 6.00 |  |  |  | 6.00 |
Weighted average grant date fair value per share |  | $ | 25.29 |  |  | $ | 12.48 |
Performance Share Units [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Assumptions Used in Black-Scholes Option-Pricing and Monte-Carlo Simulation Model with Weighted-Average Grant Date Fair Value | The assumptions used in the Monte-Carlo simulation for the performance condition of performance share units along with the weighted-average grant date fair value for awards granted in the periods presented are as follows:
Performance Unit Assumptions |  | Fiscal 2023 |  |  | Fiscal 2022 |  |  | Fiscal 2021 |
Weighted-average assumptions used: |  |  |  |  |  |  |  |  |
Expected volatility |  |  | 57.6 | % |  |  | 54.8 | % |  |  | 50.0 | %
Dividend yield |  |  | — |  |  |  | — |  |  |  | — |
Risk-free interest rate |  |  | 3.7 | % |  |  | 1.1 | % |  |  | 2.0 | %
Expected term, in years |  |  | 3.00 |  |  |  | 2.98 |  |  |  | 3.00 |
Weighted average grant date fair value per share |  | $ | 84.34 |  |  | $ | 83.04 |  |  | $ | 28.38 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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