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Long-term debt (Tables) | 12 Months Ended
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Mar. 30, 2024
Debt Disclosure [Abstract] |
Summary of Long-Term Debt |
(a) | Long-term debt consists of the following:
|  | As of |
|  | March 30, 2024 |  |  | March 25, 2023 |
|  | (In thousands) |
Term loan from SLR Credit Solutions, bearing interest at an annual rate of C DOR plus 7.75 %, repayable at maturity in December 2026, secured by the assets of the Company (net of deferred financing costs of $ 181 and $ 247 , respectively). Refer to Note 6 for additional information. |  | $ | 12,319 |  |  | $ | 12,253 |
$ 10 million term loan from Investissement Québec, bearing interest at an annual rate of 3.14 %, repayable in 60 equal payments beginning in July 2021 (net of deferred financing costs of $ 2 and $ 8 , respectively) |  |  | 4,891 |  |  |  | 6,825 |
$ 0.4 million term loan from Business Development Bank of Canada, bearing bearing interest at an annual rate of 8.3 % repayable in 72 monthly payments beginning in July 2021 . |  |  | 231 |  |  |  | 303 |
U . S . $1.5 million cash advance owing to the Company’s controlling shareholder, Montel, bearing interest at an annual rate of 11%, net of withholding taxes (Note 1 6 (c)) |  |  | 2,033 |  |  |  | 2,064 |
Obligations under finance leases, at annual interest rates between 0.9% and 16%, s ecured by leasehold improvements, furniture, and equipment, maturing at various dates to April 2026 (net of deferred financing costs of $42 and nil, respectively) |  |  | 3,251 |  |  |  | 176 |
Eligible borrowing amount of up to $ 4.3 million loan from Investissement Québec, bearing interest at an annual rate of 1.41 %, repayable in 60 equal payments beginning in June 2027 (net of deferred financing costs of $86 and $ 56, respectively) |  |  | 4,214 |  |  |  | 2,692 |
|  |  | 26,939 |  |  |  | 24,313 |
Current portion of long-term debt |  |  | 4,352 |  |  |  | 2,133 |
|  | $ | 22,587 |  |  | $ | 22,180 |
Summary of Future Minimum Lease Payments for Finance Leases |
( f ) | Future minimum lease payments for finance leases required in the following five years are as follows (in thousands):
Year ending March: |  |  |
2025 |  | $ | 2,630 |
2026 |  |  | 912 |
2027 |  |  | 94 |
2028 |  |  | — |
2029 |  |  | — |
|  |  | 3,636 |
Less imputed interest |  |  | (385 | )
|  | $ | 3,251 |
Summary of Principal Payment on Long Term Debt Including Obligation Under Finance Lease |
( g ) | Principal payments on long-term debt required in the following five years and thereafter, including obligations under finance leases, are as follows (in thousands):
Year ending March: |  |  |
2025 |  | $ | 4,243 |
2026 |  |  | 2,785 |
2027 |  |  | 13,615 |
2028 |  |  | 724 |
2029 |  |  | 850 |
Thereafter |  |  | 4,722 |
|  | $ | 26,939 |

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