XML 36 R26.htm IDEA: XBRL DOCUMENT v3.21.2
Leases (Tables)
 6 Months Ended
Oct. 03, 2021
Leases [Abstract]  
Lessee, Supplemental Balance Sheet Information Related To Leases
The following table presents lease assets and liabilities and their balance sheet classification:
Classification
As of
October 3, 2021
As of
March 31, 2021
Operating Leases:
Right-of-use assetsOther assets$56,116 $62,159 
Operating lease current liabilitiesAccrued expenses19,334 21,774 
Operating lease non-current liabilitiesOther liabilities39,025 42,528 
Finance Leases:
Right-of-use assetsProperty, plant, and equipment, net$460 $573 
Finance lease current liabilitiesAccrued expenses220 236 
Finance lease non-current liabilitiesOther liabilities328 435 
Lease, Cost
The components of lease expense for the second quarter and six months ended October 3, 2021 and October 4, 2020 were as follows:
Quarter endedSix months ended
ClassificationOctober 3, 2021October 4, 2020October 3, 2021October 4, 2020
Operating Leases:
Operating lease costOperating expenses$6,422 $6,745 $13,138 $13,681 
Variable lease costOperating expenses2,354 1,613 4,927 3,732 
Short term lease costOperating expenses1,753 1,578 3,570 3,406 
Finance Leases:
DepreciationOperating expenses$59 $46 $119 $88 
Interest expenseInterest expense7 7 15 14 
Total$10,595 $9,989 $21,769 $20,921 
Lessee, Supplemental Information Related To Leases
The following table presents the weighted average lease term and discount rates for leases as of October 3, 2021 and March 31, 2021:
October 3, 2021
March 31, 2021
Operating Leases:
Weighted average remaining lease term (years)5.7 years5.5 years
Weighted average discount rate5.09%5.16%
Finance Leases:
Weighted average remaining lease term (years)2.7 years3.1 years
Weighted average discount rate4.80%4.81%
Lessee, Operating Lease, Liability, Maturity
The following table presents future payments due under leases reconciled to lease liabilities as of October 3, 2021:

Finance LeasesOperating Leases
Six months ended March 31, 2022$132 $11,907 
Year ended March 31,
2023216 17,366 
2024157 11,476 
202547 7,699 
202626 5,678 
Thereafter— 13,337 
Total undiscounted lease payments578 67,463 
Present value discount30 9,104 
Lease liability$548 $58,359 
Finance Lease, Liability, Maturity
The following table presents future payments due under leases reconciled to lease liabilities as of October 3, 2021:

Finance LeasesOperating Leases
Six months ended March 31, 2022$132 $11,907 
Year ended March 31,
2023216 17,366 
2024157 11,476 
202547 7,699 
202626 5,678 
Thereafter— 13,337 
Total undiscounted lease payments578 67,463 
Present value discount30 9,104 
Lease liability$548 $58,359 
Lessee, Supplemental Cash Flow Information Related To Leases
The following table presents supplemental disclosures of cash flow information related to leases for the second quarter and six months ended October 3, 2021 and October 4, 2020:
Quarter endedSix months ended
October 3, 2021October 4, 2020October 3, 2021October 4, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$7 $7 $15 $14 
Operating cash flows from operating leases6,484 6,739 13,249 13,660 
Financing cash flows from finance leases60 45 120 86 
Supplemental non-cash information on lease liabilities arising from right-of-use assets:
Right-of-use assets obtained in exchange for new finance lease liabilities$— $87 $— $87 
Right-of-use assets obtained in exchange for new operating lease liabilities1,909 955 5,590 7,132