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Equity-Based Compensation (Tables)
 12 Months Ended
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