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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Mar. 27, 2021

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