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Leases | 12 Months Ended
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Mar. 30, 2024
Leases [Abstract] |
Leases | 11. Leases The Company has operating leases for land, manufacturing and office facilities, and equipment. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such option. The Company's leases do not contain material residual value guarantees or material restrictive covenants. Operating lease expense is recognized on a straight-line basis over the lease terms. Lease expense included in selling, general, and administrative expenses in the accompanying consolidated income statements is shown below:
|  | Year ended |
(Dollars in thousands) |  | March 30, 2024 |  |  | April 1, 2023 |
Operating lease expense |  | $ | 10,230 |  |  | $ | 7,237 |
Short-term lease expense |  |  | 2,170 |  |  |  | 2,543 |
Total lease expense |  | $ | 12,400 |  |  | $ | 9,780 |
Operating lease assets and obligations included in the accompanying consolidated balance sheet are shown below:
(Dollars in thousands) |  | March 30, 2024 |  |  | April 1, 2023 |
Right-of-use assets under operating leases: |  |  |  |  |  |
Other long-term assets |  | $ | 38,661 |  |  | $ | 30,290 |
Lease obligations under operating leases: |  |  |  |  |  |
Other current liabilities |  |  | 7,476 |  |  |  | 6,917 |
Other long-term liabilities |  |  | 31,266 |  |  |  | 23,373 |
Total lease obligation |  | $ | 38,742 |  |  | $ | 30,290 |
Maturities of operating lease obligations as of March 30, 2024 are shown below:
(Dollars in thousands) |  | March 30, 2024 |
Fiscal 2025 |  | $ | 11,106 |
Fiscal 2026 |  |  | 10,052 |
Fiscal 2027 |  |  | 9,181 |
Fiscal 2028 |  |  | 6,050 |
Fiscal 2029 |  |  | 1,991 |
Thereafter |  |  | 15,054 |
Total undiscounted cash flows |  |  | 53,434 |
Less: imputed interest |  |  | (14,692 | )
Lease obligations under operating leases |  | $ | 38,742 |
The weighted average lease term and discount rate for operating leases are shown below:
|  | March 30, 2024 |
Weighted average remaining lease term (in years) |  |  | 7.9 |
Weighted average discount rate (as percent) |  |  | 7.1 |
Other information related to leases is as follows:
|  | Year ended |
(Dollars in thousands) |  | March 30, 2024 |  |  | April 1, 2023 |
Non-cash activity: |  |  |  |  |  |
Right-of-use assets obtained in exchange for operating lease obligations |  | $ | 10,306 |  |  | $ | 19,908 |
Operating cash flows: |  |  |  |  |  |
Cash paid related to operating lease obligations |  | $ | 9,878 |  |  | $ | 7,305 |

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- 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
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