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Equity-Based Compensation (Tables) | 12 Months Ended
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Mar. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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 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 |  |  |  |  |  |  |
Exercised |  |  | (66 | ) |  | $ | 21.72 |  |  |  |  |  |  |
Forfeitures |  |  | (1 | ) |  | $ | 15.00 |  |  |  |  |  |  |
Outstanding at March 30, 2024 |  |  | 331 |  |  | $ | 30.10 |  |  |  | 5.8 |  |  | $ | 18,186 |
Vested and expected to vest at March 30, 2024 |  |  | 331 |  |  | $ | 30.10 |  |  |  | 5.8 |  |  | $ | 18,186 |
Exercisable at March 30, 2024 |  |  | 327 |  |  | $ | 30.05 |  |  |  | 5.8 |  |  | $ | 17,958 |
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 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 |  |  | $ | 36.79 |
Granted |  |  | 166 |  |  | $ | 52.10 |
Vested |  |  | (91 | ) |  | $ | 75.11 |
Forfeitures |  |  | (4 | ) |  | $ | 42.22 |
Outstanding at March 30, 2024 |  |  | 601 |  |  | $ | 36.61 |
Summary of Restricted Share Units and Restricted Share Awards Activity |
(units and shares in thousands) |  | Restricted Stock Units |
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 |
Granted |  |  | 273 |
Vested |  |  | (222 | )
Forfeitures |  |  | (11 | )
Outstanding at March 30, 2024 |  |  | 370 |
Employee Stock Option |
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 |
Weighted-average assumptions used: |  |  |
Expected volatility |  |  | 50.0 | %
Dividend yield |  |  | — |
Risk-free interest rate |  |  | 1.0 | %
Expected term, in years |  |  | 6.00 |
Weighted average grant date fair value per share |  | $ | 25.29 |
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 2024 |  |  | Fiscal 2023 |  |  | Fiscal 2022 |
Weighted-average assumptions used: |  |  |  |  |  |  |  |  |
Expected volatility |  |  | 49.0 | % |  |  | 57.6 | % |  |  | 54.8 | %
Dividend yield |  |  | — |  |  |  | — |  |  |  | — |
Risk-free interest rate |  |  | 4.4 | % |  |  | 3.7 | % |  |  | 1.1 | %
Expected term, in years |  |  | 3.00 |  |  |  | 3.00 |  |  |  | 2.98 |
Weighted average grant date fair value per share |  | $ | 104.20 |  |  | $ | 84.34 |  |  | $ | 83.04 |

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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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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