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Long-term debt (Tables)
 12 Months Ended
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