v3.25.2
Fair Value Measurements
 3 Months Ended
Jun. 27, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements

4. Fair Value Measurements

The following tables present information about the Company’s financial assets and liabilities as of June 27, 2025 and
March 28, 2025, measured at fair value on a recurring basis:

 

 

Fair Value Measurement at June 27, 2025:

 

 

Level 1

 

 

Level 2

 

 

Total Fair Value

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

$

31,146

 

 

$

—

 

 

$

31,146

 

Time deposits

 

 

—

 

 

 

3,065

 

 

 

3,065

 

Restricted cash:

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

 

10,273

 

 

 

—

 

 

 

10,273

 

Total assets

 

$

41,419

 

 

$

3,065

 

 

$

44,484

 

 

 

Fair Value Measurement at March 28, 2025:

 

 

Level 1

 

 

Level 2

 

 

Total Fair Value

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

$

30,814

 

 

$

—

 

 

$

30,814

 

Restricted cash:

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

 

9,773

 

 

 

—

 

 

 

9,773

 

Total assets

 

$

40,587

 

 

$

—

 

 

$

40,587

 

 

Assets and liabilities measured at fair value on a recurring basis also consist of government securities, unit investment trust funds, loans, bonds, stock and other investments, which constitute the Company’s defined benefit plan assets. Fair value information for those assets and liabilities, including their classification in the fair value hierarchy, is included in Note 15, “Retirement Plans” within the Company’s Annual Report on Form 10-K for the year ended March 28, 2025. The changes in the Company’s defined benefit plan assets were not material for the three-month period ended June 27, 2025.

During the three-month periods ended June 27, 2025 and June 28, 2024, there were no transfers among Level 1, Level 2 and Level 3 assets or liabilities.

The fair value of the Company’s debt was $310,388 and $343,275 as of June 27, 2025 and March 28, 2025, respectively. The fair value was determined based on the quoted price of the debt in an inactive market on the last trading date of the reporting period and has been classified as Level 2 within the fair value hierarchy.