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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 29, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The Company held the following interest rate swaps as of March 29, 2025:

Hedged Item						Original Notional Amount						Notional Amount as of March 29, 2025						Designation Date						Effective Date						Termination Date						Fixed Interest Rate						Estimated Fair Value Assets (Liabilities)
(In thousands)
1-month USD Term SOFR						$	109,900					$	102,944					9/27/2024						9/30/2024						4/30/2029						3.32%						$	1,076
1-month USD Term SOFR						109,900						101,553						9/27/2024						9/30/2024						4/30/2029						3.30%						1,250
Total						$	219,800					$	204,497																													$	2,326

Accounts Receivable, Allowance for Credit Loss

The following is a roll forward of the allowance for credit losses:

						Twelve Months Ended
(In thousands)						March 29, 2025						March 30, 2024						April 1, 2023
Beginning balance						$	5,695					$	4,932					$	2,475
Credit loss						725						840						2,623
Recoveries						(120)						(77)						(166)
Ending balance						$	6,300					$	5,695					$	4,932

Schedule of Effect of Derivative Instruments Designated as Cash Flow Hedges and Those Not Designated as Hedging Instruments

The following table presents the effect of the Company’s derivative instruments designated as cash flow hedges and those not designated as hedging instruments under ASC 815 in its consolidated statements of income and comprehensive income for the fiscal year ended March 29, 2025.

Derivative Instruments						Amount of (Loss) Gain Recognized in Accumulated Other Comprehensive Loss						Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings						Location in Consolidated Statements of Income and Comprehensive Income						Amount of Gain Excluded from Effectiveness Testing						Location in Consolidated Statements of Income and Comprehensive Income
(In thousands)
Designated foreign currency hedge contracts, net of tax						$	(1,508)					$	11					Net revenues, COGS and SG&A						$	1,743					Interest and other expense, net
Non-designated foreign currency hedge contracts						$	—					$	—											$	(1,534)					Interest and other expense, net
Designated interest rate swaps, net of tax						$	573					$	(67)					Interest and other expense, net						$	—

Schedule of Fair Value of Derivative Instruments as They Appear in Consolidated Balance Sheets

The following tables present the fair value of the Company’s derivative instruments as they appear in its consolidated balance sheets as of March 29, 2025 and March 30, 2024:

(In thousands)			Location in Consolidated Balance Sheet						As of March 29, 2025						As of March 30, 2024
Derivative Assets:
Designated foreign currency hedge contracts			Prepaid expenses and other current assets						$	193					$	1,353
Non-designated foreign currency hedge contracts			Other current assets						85						154
Designated interest rate swaps			Other current assets						1,305						1,673
Designated interest rate swaps			Other long-term assets						1,020						62
									$	2,603					$	3,242
Derivative Liabilities:
Designated foreign currency hedge contracts			Other current liabilities						$	471					$	395
Non-designated foreign currency hedge contracts			Other current liabilities						25						536
									$	496					$	931

Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis

Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of March 29, 2025 and March 30, 2024.

						As of March 29, 2025
(In thousands)						Level 1						Level 2						Level 3						Total
Assets
Money market funds						$	158,916					$	—					$	—					$	158,916
Designated foreign currency hedge contracts						—						193						—						193
Non-designated foreign currency hedge contracts						—						85						—						85
Designated interest rate swaps						—						2,325						—						2,325
						$	158,916					$	2,603					$	—					$	161,519
Liabilities
Designated foreign currency hedge contracts						$	—					$	471					$	—					$	471
Non-designated foreign currency hedge contracts						—						25						—						25
Contingent consideration						—						—						2,278						2,278
						$	—					$	496					$	2,278					$	2,774
						As of March 30, 2024
						Level 1						Level 2						Level 3						Total
Assets
Money market funds						$	43,073					$	—					$	—					$	43,073
Designated foreign currency hedge contracts						—						1,353						—						1,353
Non-designated foreign currency hedge contracts						—						154						—						154
Designated interest rate swaps						—						1,735						—						1,735
						$	43,073					$	3,242					$	—					$	46,315
Liabilities
Designated foreign currency hedge contracts						$	—					$	395					$	—					$	395
Non-designated foreign currency hedge contracts						—						536						—						536
						$	—					$	931					$	—					$	931

The level 3 fair value measurements of contingent consideration liabilities include the following significant unobservable inputs:

Fair Value at

Valuation

Unobservable

(In thousands)

March 29, 2025

Technique

Input

Range

Revenue-based payments

$

1,214

Monte Carlo Simulation Model

Discount rate

6.3%

Projected fiscal year of payments

2026 - 2028

Regulatory-based payment

$

—

Monte Carlo Simulation Model

Discount rate

N/A

Probability of payment

0%

Projected fiscal year of payment

N/A

Event-based payment

$

1,064

Monte Carlo Simulation Model

Discount rate

5.8%

Projected fiscal year of payment

2026 - 2028

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The fair value of contingent consideration associated with acquisitions was $2.3 million at March 29, 2025 and the total was included in Other long-term liabilities.

A reconciliation of the change in the fair value of contingent consideration is included in the following table:

(In thousands)
Balance at March 30, 2024						$	—
Acquisition date fair value of contingent consideration						25,000
Purchase accounting adjustments						300
Change in fair value						(23,022)
Balance at March 29, 2025						$	2,278

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