v3.25.2
Stock-Based Compensation (Tables)
3 Months Ended
Jun. 28, 2025
Stock-Based Compensation  
Schedule of stock option activity

The following table summarizes the stock option activity for the thirteen weeks ended June 28, 2025:

Grant Date

Weighted

Weighted

Average

Aggregate

Stock

Average

Remaining

Intrinsic

    

Options

    

Exercise Price

    

Contractual Life 

    

Value (1)

(in years)

(in thousands)

Outstanding at March 29, 2025

 

124,438

$

24.26

Granted

 

Exercised

(4,122)

20.87

$

578

Cancelled, forfeited, or expired

 

Outstanding at June 28, 2025

 

120,316

$

24.38

 

3.9

$

15,662

Vested and expected to vest after June 28, 2025

 

120,316

$

24.38

 

3.9

$

15,662

Exercisable at June 28, 2025

 

120,316

$

24.38

 

3.9

$

15,662

(1)Intrinsic value for stock options is defined as the difference between the market price of the Company’s common stock on the last business day of the fiscal quarter and the weighted average exercise price of the in-the-money stock options outstanding at the end of each fiscal period.
Schedule of stock-based compensation expense by award-type

A summary of stock-based compensation expense by award-type is presented below:

Thirteen Weeks Ended

June 28,

June 29,

(in thousands)

2025

    

2024

Stock options

$

$

404

RSUs

1,955

3,416

PSUs

1,721

1,944

Total stock-based compensation expense, before tax

3,676

5,764

Income tax benefit

(620)

(1,197)

Total stock-based-compensation expense, after tax

$

3,056

$

4,567

Schedule of of unamortized stock-based compensation expense and the weighted-average remaining recognition period

A summary of unamortized stock-based compensation expense and the weighted-average remaining recognition period of awards granted under the Company’s stock-based compensation plans as of June 28, 2025 is presented below:

(in thousands, except for periods)

June 28, 2025

RSUs

Unamortized compensation expense for RSUs

$

17,456

Weighted-average remaining recognition period (in years)

 

2.28

PSUs

Unamortized compensation expense for PSUs

$

14,603

Weighted-average remaining recognition period (in years)

 

2.47