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RETIREMENT PLANS (Tables)
12 Months Ended
Mar. 29, 2025
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefit Costs of Defined Benefit Pension Plans
Some of the Company’s foreign subsidiaries have defined benefit pension plans covering substantially all full time employees at those subsidiaries. Net periodic benefit costs for the plans in the aggregate include the following components:
(In thousands)202520242023
Service cost$1,630 $1,316 $1,453 
Interest cost on benefit obligation630 684 409 
Expected return on plan assets(314)(264)(180)
Actuarial loss (gain)17 (180)19 
Amortization of unrecognized prior service cost(219)(215)(180)
Plan settlements(104)— (330)
Totals$1,640 $1,341 $1,191 
Schedule of Activity Under Defined Benefit Plans
The activity under those defined benefit plans are as follows:
(In thousands)March 29,
2025
March 30,
2024
Change in Benefit Obligation:  
Benefit Obligation, beginning of year$(32,323)$(25,465)
Service cost(1,630)(1,316)
Interest cost(630)(684)
Benefits paid851 2,253 
Actuarial loss(336)(2,392)
Employee and plan participants contribution(3,568)(3,423)
Plan settlements6,419 34 
Foreign currency changes261 (1,330)
Benefit obligation, end of year$(30,956)$(32,323)
Change in Plan Assets:  
Fair value of plan assets, beginning of year$21,851 $18,463 
Company contributions1,627 1,584 
Benefits paid(663)(1,788)
Gain on plan assets482 238 
Employee and plan participants contribution3,600 3,368 
Plan settlements(6,451)— 
Foreign currency changes392 (14)
Fair value of plan assets, end of year$20,838 $21,851 
Funded Status*
$(10,118)$(10,472)
Unrecognized net actuarial gain(1,056)(1,288)
Unrecognized prior service cost(705)(969)
Net amount recognized$(11,879)$(12,729)
* Substantially all of the unfunded status is non-current
Schedule of Components of Change Recorded in Accumulated Other Comprehensive Income Related to Defined Benefit Plans, Net of Tax
The components of the change recorded in the Company’s accumulated other comprehensive loss related to its defined benefit plans, net of tax, are as follows (in thousands):
Balance as of April 2, 2022$1,619 
Actuarial gain2,695 
Prior service cost$46 
Plan settlements(285)
Balance as of April 1, 2023$4,075 
Actuarial gain(2,157)
Prior service cost(170)
Balance as of March 30, 2024$1,748 
Actuarial loss(268)
Prior service credit(242)
Plan settlements(89)
Balance as of March 29, 2025$1,149 
Schedule of Weighted Average Rates Used to Determine Net Periodic Benefit Costs
The weighted average rates used to determine the net periodic benefit costs and projected benefit obligations were as follows:
202520242023
Discount rate1.87 %2.05 %2.43 %
Rate of increased salary levels2.71 %1.86 %1.94 %
Expected long-term rate of return on assets0.88 %0.94 %0.87 %
Schedule of Estimated Future Benefit Payments
Estimated future benefit payments are as follows:
(In thousands) 
Fiscal 2026$1,553 
Fiscal 2027$1,551 
Fiscal 2028$1,599 
Fiscal 2029$1,756 
Fiscal 2030$2,274 
Fiscal 2031-2035$11,174