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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Mar. 27, 2021
Retirement Benefits [Abstract] |
Schedule of Change in the Postretirement Benefit Obligation | The change in the post-retirement benefit obligation is as follows:
|  | FY 2021 |  |  | FY 2020 |
Post-retirement benefit obligation, at beginning of fiscal year |  | $ | 1,509 |  |  | $ | 1,311 |
Service cost |  |  | 84 |  |  |  | 77 |
Interest cost |  |  | 48 |  |  |  | 48 |
Benefits paid |  |  | (95 | ) |  |  | (98 | )
Actuarial loss |  |  | 285 |  |  |  | 171 |
Post-retirement benefit obligation, at end of fiscal year |  |  | 1,831 |  |  |  | 1,509 |
Fair value of plan assets, at end of fiscal year |  |  | - |  |  |  | - |
Funded status, at end of fiscal year |  | $ | (1,831 | ) |  | $ | (1,509 | )
Accumulated post-retirement benefit obligation, at end of fiscal year |  | $ | 1,831 |  |  | $ | 1,509 |
Schedule of Net Periodic Postretirement Benefit Cost and Other Amounts Recognized in Other Comprehensive Income | The accumulated post-retirement benefit obligation is included as a component of other liabilities (non-current) in the Consolidated Balance Sheets. The components of net periodic post-retirement benefit cost and other amounts recognized in other comprehensive income are as follows:
|  | FY 2021 |  |  | FY 2020 |
Net periodic post-retirement benefit cost: |  |  |  |  |  |  |  |
Service cost |  | $ | 84 |  |  | $ | 77 |
Interest cost |  |  | 48 |  |  |  | 48 |
Amortization of prior service cost |  |  | 1 |  |  |  | 1 |
|  |  | 133 |  |  |  | 126 |
Benefit obligations recognized in other comprehensive income: |  |  |  |  |  |  |  |
Amortization of prior service cost |  |  | (1 | ) |  |  | (1 | )
Net gain |  |  | 233 |  |  |  | 113 |
|  |  | 232 |  |  |  | 112 |
Total recognized in net periodic benefit cost and other comprehensive income |  | $ | 365 |  |  | $ | 238 |
Amount recognized in accumulated other comprehensive income, at end of fiscal year: |  |  |  |  |  |  |  |
Unrecognized prior service cost |  | $ | 739 |  |  | $ | 518 |
Schedule of Assumptions Used | The post-retirement benefit obligation was computed by an independent third-party actuary. Assumptions used to determine the post-retirement benefit obligation and the net periodic postretirement benefit cost were as follows:
|  | March 27, |  |  | March 28, |
|  | 2021 |  |  | 2020 |
Weighted average discount rate |  |  | 3.0% |  |  |  | 3.3% |
Medical care cost trend rate: |  |  |  |  |  |  |  |
Trend rate assumed for next year |  |  | 7.0% |  |  |  | 6.8% |
Ultimate trend rate |  |  | 3.8% |  |  |  | 3.8% |
Year that rate reaches ultimate trend rate |  |  | 2075 |  |  |  | 2075 |
Dental care cost trend rate: |  |  |  |  |  |  |  |
Trend rate assumed for next year and remaining at that level thereafter |  |  | 3.0% |  |  |  | 3.5% |
Schedule of Expected Benefit Payments | Benefit payments are funded by the Company as needed. Payments toward the cost of a retiree’s medical and dental coverage are initially determined as a percentage of a base coverage plan in the year of retirement and are limited to increase at a rate of no more than 50% of the annual increase in medical and dental costs, as defined in the plan document. The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid as follows:
Fiscal |  |  |  |
Year |  | Amount |
2022 |  | $ | 179 |
2023 |  |  | 160 |
2024 |  |  | 134 |
2025 |  |  | 125 |
2026 |  |  | 91 |
Thereafter |  | $ | 1,142 |

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- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e2417-114920 + Details
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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