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Leases (Tables)
3 Months Ended
Jul. 03, 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
July 3, 2022
As of
March 31, 2022
Operating Leases:
Right-of-use assetsOther assets$68,504 $71,085 
Operating lease current liabilitiesAccrued expenses21,303 20,086 
Operating lease non-current liabilitiesOther liabilities49,475 52,904 
Finance Leases:
Right-of-use assetsProperty, plant, and equipment, net$279 $344 
Finance lease current liabilitiesAccrued expenses164 185 
Finance lease non-current liabilitiesOther liabilities180 231 
Lease, Cost
The components of lease expense for the first quarter ended July 3, 2022 and July 4, 2021 were as follows:
Quarter ended
ClassificationJuly 3, 2022July 4, 2021
Operating Leases:
Operating lease costOperating expenses$6,584 $6,716 
Variable lease costOperating expenses3,407 2,573 
Short term lease costOperating expenses1,438 1,817 
Finance Leases:
DepreciationOperating expenses$52 $60 
Interest expenseInterest expense
Total$11,485 $11,174 
Lessee, Supplemental Information Related To Leases
The following table presents the weighted average lease term and discount rates for leases as of July 3, 2022 and March 31, 2022:
July 3, 2022
March 31, 2022
Operating Leases:
Weighted average remaining lease term (years)5.9 years6.1 years
Weighted average discount rate4.49%4.43%
Finance Leases:
Weighted average remaining lease term (years)2.2 years2.3 years
Weighted average discount rate4.78%4.79%
Lessee, Operating Lease, Liability, Maturity
The following table presents future payments due under leases reconciled to lease liabilities as of July 3, 2022:

Finance LeasesOperating Leases
Nine months ended March 31, 2023$143 $18,345 
Year ended March 31,
2024145 18,311 
202544 13,009 
202624 9,296 
2027— 7,196 
Thereafter— 16,446 
Total undiscounted lease payments356 82,603 
Present value discount12 11,825 
Lease liability$344 $70,778 
Finance Lease, Liability, Maturity
The following table presents future payments due under leases reconciled to lease liabilities as of July 3, 2022:

Finance LeasesOperating Leases
Nine months ended March 31, 2023$143 $18,345 
Year ended March 31,
2024145 18,311 
202544 13,009 
202624 9,296 
2027— 7,196 
Thereafter— 16,446 
Total undiscounted lease payments356 82,603 
Present value discount12 11,825 
Lease liability$344 $70,778 
Lessee, Supplemental Cash Flow Information Related To Leases
The following table presents supplemental disclosures of cash flow information related to leases for the first quarter July 3, 2022 and July 4, 2021:
Quarter ended
July 3, 2022July 4, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$$
Operating cash flows from operating leases6,334 6,765 
Financing cash flows from finance leases52 60 
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$— $— 
Right-of-use assets obtained in exchange for new operating lease liabilities2,773 3,681