v3.25.2
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Mar. 25, 2023
Mar. 26, 2022
Mar. 27, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table sets forth the compensation for our principal executive officers (the “PEOs”) and the average compensation for our other Named Executive Officers
(“non-PEO
NEOs”), both as reported in the Summary Compensation Table in this Proxy Statement and with certain adjustments to reflect the “compensation actually paid” to such individuals, as defined under the SEC’s pay versus performance disclosure rules, for each of fiscal year 2025, 2024, 2023, 2022 and 2021. For further information concerning our
pay-for-performance
philosophy and how we align executive compensation with Company financial performance, refer to the CD&A in this Proxy Statement.
 
 
A
 
B
 
C
 
D
 
E
 
F
 
G
 
H
 
I
Year
 
Summary
Compensation
Table Total for
PEO
 
Compensation
“Actually
Paid” to PEO
 
Average
Summary
Compensation
Table Total for
non-PEO

NEOs
 
Average
Compensation
“Actually
Paid” to non-
PEO NEOs
 
Value of Initial Fixed
$100 Investment Based
On:
 
Net Income
(in
thousands)
 
Revenue
(
in
 thousands
)  
 
Company
TSR
 
Peer
Group TSR
2025
    $ 2,700,124     $ 753,855     $ 986,001     $ 291,366       46       251     $ (5,182 )     $ 1,195,334
2024
    $ 1,652,412     $ 619,403     $ 1,031,908     $ 300,737       86       258     $ 37,571     $ 1,276,789
2023
    $ 1,559,720     $ 1,492,150     $ 935,240     $ 887,887       130       188     $ 39,048     $ 1,325,382
2022
    $ 4,554,904     $ 3,125,422     $ 1,198,786     $ 868,745       114       194     $ 61,568     $ 1,359,328
2021
    $ 1,298,669     $ 1,696,771     $ 700,640     $ 847,295       168       188     $ 34,319     $ 1,125,721
The following table shows the executives who were included in columns B and C as our PEOs for fiscal years 2021 through 2025:
 
Executive Name
  
2021
  
2022
  
2023
  
2024
  
2025 
M. Broderick
    
 
 
 
       X        X        X        X
P. Fitzsimmons
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
       X
B. Ponton
       X     
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
R. Mellor
       X        X     
 
 
 
    
 
 
 
    
 
 
 
The following table shows the executives who were included in columns D and E as our
non-PEO
NEOs for fiscal years 2021 through 2025:
 
Executive Name
  
2021
  
2022
  
2023
  
2024
  
2025 
B. D’Ambrosia
       X        X        X        X        X
M. Mulholland
       X        X        X        X        X
M. Henson
    
 
 
 
       X        X        X     
 
 
 
R. Rajkowski
       X        X        X     
 
 
 
    
 
 
 
D. Tripoli
       X     
 
 
 
       X     
 
 
 
    
 
 
 
C. Donovan
    
 
 
 
    
 
 
 
    
 
 
 
       X        X
N. Hawryschuk
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
       X
 
 
 
Compensation Actually Paid to PEOs and Average Compensation Actually Paid to
Non-PEO
NEOs (Columns C and E)
Columns C and E, respectively, include the amount of Compensation Actually Paid to our CEOs and average of our other NEOs (according to SEC rules). The amounts are not current cash payments. Our retirement benefits are paid only after retirement and our long-term incentives’ value vary with company performance (including stock price) until they are vested or exercised (in the case of options).
The following table shows adjustments made to total compensation for each year to determine the Compensation Actually Paid:
 
    
Summary Compensation
Table Total
  
Minus summary
compensation
table value of
stock awards
  
Minus summary
compensation
table value of
option awards
  
plus pay versus
performance value
of equity awards
 
equals compensation 
actually paid 
PEO
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
   
 
 
 
2025
     $ 2,700,124      $ 1,124,973      $ 374,767      ($ 446,529 )     $ 753,855 
Average
Non-PEO
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
   
 
 
 
2025
     $ 986,001      $ 451,845      $ 131,170      ($ 111,620 )     $ 291,366 
 
   
Summary Compensation Table Value of Stock Awards and Option Awards includes the total grant date fair value of equity awards reported in the Stock Awards and Option Awards columns in the Summary Compensation Table.
 
   
Pay Versus Performance Value of Equity Awards includes the following:
 
  -
For awards granted in the applicable year, the fair value:
 
   
At
year-end
for awards that are outstanding and unvested
 
   
As of the vesting date for awards that vest in the applicable year
 
  -
For awards granted in prior years, the change in fair value:
 
   
From the beginning of the year to the end of the year for awards that remain outstanding and unvested
 
   
From the beginning of the year to the vesting date for awards that vest in the applicable year
 
   
From the beginning of the year to zero for awards that fail to vest
 
   
Fair values as of each measurement date were determined in accordance with ASC 718 as follows:
 
  -
Stock awards are valued based on the stock price on the relevant valuation date. Performance share awards are also adjusted to reflect the probable outcome of the performance conditions.
 
  -
Stock options were valued using the Black-Scholes model at grant date and are valued using the lattice valuation model at each subsequent valuation period. The lattice valuation model was deemed most appropriate because it is better able to value stock options at varying levels of stock price relative to the option exercise price.
 
  -
See Note 10 in our financial statements in the Form
10-K
for the year ended March 29, 2025, as filed with the SEC for additional details on the valuation assumptions used at grant.
 
 
 
The following table shows the amounts included in the Pay Versus Performance Value of Equity Awards.
 
   
Year end fair
value of
equity
awards
granted
during
applicable
year
 
change in FV
as of year
end of any
prior year
awards that
remain
unvested at
year end
 
change in
fair value as
of the
vesting date
of any prior
year awards
that vested
during
applicable
year
 
Fair value of
awards as
of vesting
date that
were
granted
and
vested
during the
year
  
subtract
the FV as
of the prior
FY for
awards
that did
not vest
(failed to
vest)
 
add the amount
of dividend or
other earnings
paid on stock
or option
awards PRIOR
to vesting that
are not
otherwise
included in
total comp for
the FY
  
Pay versus 
Performance 
Value of Equity 
awards 
PEO
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
    
 
 
 
   
 
 
 
    
 
 
 
2025
    $ 134,426     $ (360,029 )     $ (344,236 )       229,788      ($ 106,479 )            $ (446,529 ) 
Average
Non-PEO
 
   
 
 
 
   
 
 
 
   
 
 
 
    
 
 
 
   
 
 
 
    
 
 
 
2025
    $ 273,413     $ (354,330 )     $ (30,703 )                         $ (111,620 ) 
       
Company Selected Measure Name Revenue        
Named Executive Officers, Footnote
The following table shows the executives who were included in columns B and C as our PEOs for fiscal years 2021 through 2025:
 
Executive Name
  
2021
  
2022
  
2023
  
2024
  
2025 
M. Broderick
    
 
 
 
       X        X        X        X
P. Fitzsimmons
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
       X
B. Ponton
       X     
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
R. Mellor
       X        X     
 
 
 
    
 
 
 
    
 
 
 
The following table shows the executives who were included in columns D and E as our
non-PEO
NEOs for fiscal years 2021 through 2025:
 
Executive Name
  
2021
  
2022
  
2023
  
2024
  
2025 
B. D’Ambrosia
       X        X        X        X        X
M. Mulholland
       X        X        X        X        X
M. Henson
    
 
 
 
       X        X        X     
 
 
 
R. Rajkowski
       X        X        X     
 
 
 
    
 
 
 
D. Tripoli
       X     
 
 
 
       X     
 
 
 
    
 
 
 
C. Donovan
    
 
 
 
    
 
 
 
    
 
 
 
       X        X
N. Hawryschuk
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
       X
       
Changed Peer Group, Footnote Columns F and G are the cumulative total shareholder return of a $100 investment from the beginning of fiscal year 2021 through the end of each of the years indicated for the Company (column F) and the S&P Composite Specialty Retail Index (column G). Total shareholder return includes share price appreciation and assumes dividend reinvestment.        
PEO Total Compensation Amount $ 2,700,124 $ 1,652,412 $ 1,559,720 $ 4,554,904 $ 1,298,669
PEO Actually Paid Compensation Amount $ 753,855 619,403 1,492,150 3,125,422 1,696,771
Adjustment To PEO Compensation, Footnote
The following table shows adjustments made to total compensation for each year to determine the Compensation Actually Paid:
 
    
Summary Compensation
Table Total
  
Minus summary
compensation
table value of
stock awards
  
Minus summary
compensation
table value of
option awards
  
plus pay versus
performance value
of equity awards
 
equals compensation 
actually paid 
PEO
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
   
 
 
 
2025
     $ 2,700,124      $ 1,124,973      $ 374,767      ($ 446,529 )     $ 753,855 
Average
Non-PEO
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
   
 
 
 
2025
     $ 986,001      $ 451,845      $ 131,170      ($ 111,620 )     $ 291,366 
 
   
Summary Compensation Table Value of Stock Awards and Option Awards includes the total grant date fair value of equity awards reported in the Stock Awards and Option Awards columns in the Summary Compensation Table.
 
   
Pay Versus Performance Value of Equity Awards includes the following:
 
  -
For awards granted in the applicable year, the fair value:
 
   
At
year-end
for awards that are outstanding and unvested
 
   
As of the vesting date for awards that vest in the applicable year
 
  -
For awards granted in prior years, the change in fair value:
 
   
From the beginning of the year to the end of the year for awards that remain outstanding and unvested
 
   
From the beginning of the year to the vesting date for awards that vest in the applicable year
 
   
From the beginning of the year to zero for awards that fail to vest
 
   
Fair values as of each measurement date were determined in accordance with ASC 718 as follows:
 
  -
Stock awards are valued based on the stock price on the relevant valuation date. Performance share awards are also adjusted to reflect the probable outcome of the performance conditions.
 
  -
Stock options were valued using the Black-Scholes model at grant date and are valued using the lattice valuation model at each subsequent valuation period. The lattice valuation model was deemed most appropriate because it is better able to value stock options at varying levels of stock price relative to the option exercise price.
 
  -
See Note 10 in our financial statements in the Form
10-K
for the year ended March 29, 2025, as filed with the SEC for additional details on the valuation assumptions used at grant.
 
 
 
The following table shows the amounts included in the Pay Versus Performance Value of Equity Awards.
 
   
Year end fair
value of
equity
awards
granted
during
applicable
year
 
change in FV
as of year
end of any
prior year
awards that
remain
unvested at
year end
 
change in
fair value as
of the
vesting date
of any prior
year awards
that vested
during
applicable
year
 
Fair value of
awards as
of vesting
date that
were
granted
and
vested
during the
year
  
subtract
the FV as
of the prior
FY for
awards
that did
not vest
(failed to
vest)
 
add the amount
of dividend or
other earnings
paid on stock
or option
awards PRIOR
to vesting that
are not
otherwise
included in
total comp for
the FY
  
Pay versus 
Performance 
Value of Equity 
awards 
PEO
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
    
 
 
 
   
 
 
 
    
 
 
 
2025
    $ 134,426     $ (360,029 )     $ (344,236 )       229,788      ($ 106,479 )            $ (446,529 ) 
Average
Non-PEO
 
   
 
 
 
   
 
 
 
   
 
 
 
    
 
 
 
   
 
 
 
    
 
 
 
2025
    $ 273,413     $ (354,330 )     $ (30,703 )                         $ (111,620 ) 
       
Non-PEO NEO Average Total Compensation Amount $ 986,001 1,031,908 935,240 1,198,786 700,640
Non-PEO NEO Average Compensation Actually Paid Amount $ 291,366 300,737 887,887 868,745 847,295
Adjustment to Non-PEO NEO Compensation Footnote
The following table shows adjustments made to total compensation for each year to determine the Compensation Actually Paid:
 
    
Summary Compensation
Table Total
  
Minus summary
compensation
table value of
stock awards
  
Minus summary
compensation
table value of
option awards
  
plus pay versus
performance value
of equity awards
 
equals compensation 
actually paid 
PEO
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
   
 
 
 
2025
     $ 2,700,124      $ 1,124,973      $ 374,767      ($ 446,529 )     $ 753,855 
Average
Non-PEO
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
   
 
 
 
2025
     $ 986,001      $ 451,845      $ 131,170      ($ 111,620 )     $ 291,366 
 
   
Summary Compensation Table Value of Stock Awards and Option Awards includes the total grant date fair value of equity awards reported in the Stock Awards and Option Awards columns in the Summary Compensation Table.
 
   
Pay Versus Performance Value of Equity Awards includes the following:
 
  -
For awards granted in the applicable year, the fair value:
 
   
At
year-end
for awards that are outstanding and unvested
 
   
As of the vesting date for awards that vest in the applicable year
 
  -
For awards granted in prior years, the change in fair value:
 
   
From the beginning of the year to the end of the year for awards that remain outstanding and unvested
 
   
From the beginning of the year to the vesting date for awards that vest in the applicable year
 
   
From the beginning of the year to zero for awards that fail to vest
 
   
Fair values as of each measurement date were determined in accordance with ASC 718 as follows:
 
  -
Stock awards are valued based on the stock price on the relevant valuation date. Performance share awards are also adjusted to reflect the probable outcome of the performance conditions.
 
  -
Stock options were valued using the Black-Scholes model at grant date and are valued using the lattice valuation model at each subsequent valuation period. The lattice valuation model was deemed most appropriate because it is better able to value stock options at varying levels of stock price relative to the option exercise price.
 
  -
See Note 10 in our financial statements in the Form
10-K
for the year ended March 29, 2025, as filed with the SEC for additional details on the valuation assumptions used at grant.
 
 
 
The following table shows the amounts included in the Pay Versus Performance Value of Equity Awards.
 
   
Year end fair
value of
equity
awards
granted
during
applicable
year
 
change in FV
as of year
end of any
prior year
awards that
remain
unvested at
year end
 
change in
fair value as
of the
vesting date
of any prior
year awards
that vested
during
applicable
year
 
Fair value of
awards as
of vesting
date that
were
granted
and
vested
during the
year
  
subtract
the FV as
of the prior
FY for
awards
that did
not vest
(failed to
vest)
 
add the amount
of dividend or
other earnings
paid on stock
or option
awards PRIOR
to vesting that
are not
otherwise
included in
total comp for
the FY
  
Pay versus 
Performance 
Value of Equity 
awards 
PEO
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
    
 
 
 
   
 
 
 
    
 
 
 
2025
    $ 134,426     $ (360,029 )     $ (344,236 )       229,788      ($ 106,479 )            $ (446,529 ) 
Average
Non-PEO
 
   
 
 
 
   
 
 
 
   
 
 
 
    
 
 
 
   
 
 
 
    
 
 
 
2025
    $ 273,413     $ (354,330 )     $ (30,703 )                         $ (111,620 ) 
       
Tabular List, Table
Financial Performance Measures
As discussed in the CD&A above, our executive compensation program and compensation decisions reflect the guiding principle of aligning long-term performance with shareholder interests. The metrics used within our incentive plans are selected to support these objectives. The most important financial performance measures used by the Company during the most recently completed fiscal year include:
 
   
Revenue
 
   
Operating Income
 
   
Relative Total Shareholder Return
       
Total Shareholder Return Amount $ 46 86 130 114 168
Peer Group Total Shareholder Return Amount 251 258 188 194 188
Net Income (Loss) $ (5,182,000) $ 37,571,000 $ 39,048,000 $ 61,568,000 $ 34,319,000
Company Selected Measure Amount 1,195,334,000 1,276,789,000 1,325,382,000 1,359,328,000 1,125,721,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Operating Income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
M. Broderick [Member]          
Pay vs Performance Disclosure          
PEO Name M. Broderick        
P. Fitzsimmons [Member]          
Pay vs Performance Disclosure          
PEO Name P. Fitzsimmons        
B. Ponton [Member]          
Pay vs Performance Disclosure          
PEO Name B. Ponton        
R. Mellor [Member]          
Pay vs Performance Disclosure          
PEO Name R. Mellor        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (446,529)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 134,426        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (360,029)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 229,788        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (344,236)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 106,479        
PEO | Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,124,973)        
PEO | Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (374,767)        
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (111,620)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 273,413        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (354,330)        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (30,703)        
Non-PEO NEO | Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (451,845)        
Non-PEO NEO | Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (131,170)