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Leases (Tables)
9 Months Ended
Jan. 02, 2022
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
January 2, 2022
As of
March 31, 2021
Operating Leases:
Right-of-use assetsOther assets$63,699 $62,159 
Operating lease current liabilitiesAccrued expenses20,108 21,774 
Operating lease non-current liabilitiesOther liabilities45,701 42,528 
Finance Leases:
Right-of-use assetsProperty, plant, and equipment, net$402 $573 
Finance lease current liabilitiesAccrued expenses203 236 
Finance lease non-current liabilitiesOther liabilities280 435 
Lease, Cost
The components of lease expense for the third quarter and nine months ended January 2, 2022 and January 3, 2021 were as follows:
Quarter endedNine months ended
ClassificationJanuary 2, 2022January 3, 2021January 2, 2022January 3, 2021
Operating Leases:
Operating lease costOperating expenses$6,649 $6,635 $19,787 $20,316 
Variable lease costOperating expenses2,288 1,797 7,215 5,529 
Short term lease costOperating expenses1,497 1,610 5,067 5,016 
Finance Leases:
DepreciationOperating expenses$58 $53 $177 $141 
Interest expenseInterest expense21 22 
Total$10,498 $10,103 $32,267 $31,024 
Lessee, Supplemental Information Related To Leases
The following table presents the weighted average lease term and discount rates for leases as of January 2, 2022 and March 31, 2021:
January 2, 2022
March 31, 2021
Operating Leases:
Weighted average remaining lease term (years)5.7 years5.5 years
Weighted average discount rate4.61%5.16%
Finance Leases:
Weighted average remaining lease term (years)2.5 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 January 2, 2022:

Finance LeasesOperating Leases
Three months ended March 31, 2022$65 $6,459 
Year ended March 31,
2023214 20,462 
2024155 14,561 
202547 10,125 
202625 7,008 
Thereafter— 16,680 
Total undiscounted lease payments506 75,295 
Present value discount23 9,486 
Lease liability$483 $65,809 
Finance Lease, Liability, Maturity
The following table presents future payments due under leases reconciled to lease liabilities as of January 2, 2022:

Finance LeasesOperating Leases
Three months ended March 31, 2022$65 $6,459 
Year ended March 31,
2023214 20,462 
2024155 14,561 
202547 10,125 
202625 7,008 
Thereafter— 16,680 
Total undiscounted lease payments506 75,295 
Present value discount23 9,486 
Lease liability$483 $65,809 
Lessee, Supplemental Cash Flow Information Related To Leases
The following table presents supplemental disclosures of cash flow information related to leases for the third quarter and nine months ended January 2, 2022 and January 3, 2021:
Quarter endedNine months ended
January 2, 2022January 3, 2021January 2, 2022January 3, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$$$21 $22 
Operating cash flows from operating leases6,775 6,710 20,024 20,370 
Financing cash flows from finance leases59 52 179 138 
Supplemental non-cash information on lease liabilities arising from right-of-use assets:
Right-of-use assets obtained in exchange for new finance lease liabilities$— $98 $— $185 
Right-of-use assets obtained in exchange for new operating lease liabilities13,987 2,181 19,577 9,313