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INCOME TAXES (Tables)
12 Months Ended
Mar. 29, 2025
Income Tax Disclosure [Abstract]  
Schedule Domestic and Foreign Income Before Provision for Income Tax
Domestic and foreign income before provision for income tax is as follows:
(In thousands)202520242023
Domestic$161,800 $112,563 $85,657 
Foreign50,271 39,302 55,746 
Total$212,071 $151,865 $141,403 
Schedule of Income Tax Provision Components
The income tax provision (benefit) from continuing operations contains the following components:
(In thousands)202520242023
Current   
Federal$29,818 $29,113 $6,461 
State8,112 6,539 4,824 
Foreign12,085 9,532 8,940 
Total current$50,015 $45,184 $20,225 
Deferred   
Federal(6,555)(6,165)14,298 
State1,774 2,132 (7,678)
Foreign(842)(6,844)(843)
Total deferred$(5,623)$(10,877)$5,777 
Total$44,392 $34,307 $26,002 
Schedule of Net Deferred Tax Asset
Tax effected, significant temporary differences comprising the net deferred tax liability are as follows:
(In thousands)March 29,
2025
March 30,
2024
Deferred tax assets:
Depreciation$97 $1,817 
Amortization of intangibles4,796 3,715 
Inventory2,846 5,502 
Accruals, reserves and other deferred tax assets14,801 18,777 
Net operating loss carry-forward8,842 16,221 
Stock based compensation4,897 3,965 
Operating lease liabilities14,906 16,132 
Tax credit carry-forward, net6,713 7,766 
Capitalized research expenses39,219 31,370 
Gross deferred tax assets97,117 105,265 
Less valuation allowance(11,930)(10,239)
Total deferred tax assets (after valuation allowance)85,187 95,026 
Deferred tax liabilities:
Depreciation(35,006)(35,279)
Amortization of goodwill and intangibles(87,905)(96,597)
Unremitted earnings(1,497)(1,334)
Operating lease assets(12,033)(13,341)
Other deferred tax liabilities(3,518)(3,380)
Total deferred tax liabilities(139,959)(149,931)
Net deferred tax liabilities$(54,772)$(54,905)
Schedule of Effective Income Tax Rate Reconciliation
(In thousands)202520242023
Tax at federal statutory rate$44,535 21.0 %$31,892 21.0 %$29,695 21.0 %
Impact of foreign operations(732)(0.3)%(3,631)(2.4)%(2,408)(1.7)%
State income taxes net of federal benefit7,505 3.5 %7,037 4.6 %2,939 2.1 %
Change in uncertain tax positions(1,227)(0.6)%(107)(0.1)%81 0.1 %
Global intangible low taxed income(1,380)(0.7)%(555)(0.4)%(828)(0.6)%
Unremitted earnings163 0.1 %171 0.1 %(91)(0.1)%
Deferred statutory rate changes543 0.3 %(159)(0.1)%82 0.1 %
Non-deductible executive compensation5,130 2.4 %3,256 2.1 %1,439 1.0 %
Non-deductible expenses2,845 1.3 %2,355 1.6 %827 0.6 %
Stock compensation shortfalls (benefits)(4,469)(2.1)%(1,841)(1.2)%1,883 1.3 %
Research credits(2,411)(1.1)%(1,378)(0.9)%(2,073)(1.5)%
Contingent consideration(4,774)(2.3)%— — %— — %
Impact of foreign tax law changes(2,707)(1.3)%(2,739)(1.8)%— — %
Valuation allowance1,744 0.9 %(393)(0.2)%(5,135)(3.6)%
Other, net(373)(0.2)%399 0.3 %(409)(0.3)%
Income tax provision$44,392 20.9 %$34,307 22.6 %$26,002 18.4 %
Schedule of Unrecognized Tax Benefits Roll Forward
The following table summarizes the activity related to its gross unrecognized tax benefits for the fiscal years ended March 29, 2025, March 30, 2024 and April 1, 2023:
(In thousands)March 29,
2025
March 30,
2024
April 1,
2023
Beginning Balance$3,743 $3,941 $3,939 
Additions for tax positions of the current year315 234 292 
Additions for tax positions of a prior year1,242 — — 
Additions for tax positions related to acquired businesses91 — — 
Reductions of tax positions(64)(198)(290)
Expiration of statute of limitations(2,505)(234)— 
Ending Balance$2,822 $3,743 $3,941