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Supplier Finance Program | 12 Months Ended
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Mar. 29, 2025
Supplier Finance Program [Abstract] |
Supplier Finance Program | Note 15 – Supplier Finance Prog ram We facilitate a voluntary supply chain financing program to provide our suppliers with the opportunity to sell receivables due from us (our accounts payable) to a participating financial institution subject to the independent discretion of both the supplier and the participating financial institution. S hould a supplier choose to participate in the program, it may receive payment from the financial institution in advance of agreed payment terms; our responsibility is limited to making payments to the respective financial institution on the terms originally negotiated with our supplier, which are generally for a term of up to 360 days. Our outstanding supplier obligations eligible for advance payment under the program totaled $245.5 million, and $167.2 million as of March 29, 2025, and March 30, 2024, respectively, and are included within Accounts Payable on our Consolidated Balance Sheets. Our outstanding supplier obligations do not represent actual receivables sold by our suppliers to the financial institutions, which may be lower. The Company’s confirmed obligations to suppliers participating in these financing arrangements consist of the following:
Supplier Finance Program |  |  |
(thousands) |  |  | March 29, 2025
Confirmed obligations outstanding at the beginning of the year |  | $ | 167,200
Invoices confirmed during the year |  |  | 323,700
Confirmed invoices paid during the year |  |  | (245,400)
Confirmed obligations outstanding at the end of the year |  | $ | 245,500

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