INCOME TAXES (Tables)

12 Months Ended

Mar. 28, 2026

Schedule Domestic and Foreign Income Before Provision for Income Tax

Domestic and foreign income before provision for income tax is as follows:


	Year Ended
	2026		2025		2024
	(Dollars in Thousands)
Domestic	$	87,236	$	161,800	$	112,563
Foreign	40,794		50,271		39,302
Total	$	128,030	$	212,071	$	151,865

Schedule of Income Tax Provision Components

The income tax provision (benefit) from continuing operations contains the following components:


	Year Ended
	2026		2025		2024
	(Dollars in Thousands)
Current
Federal	$	35,794	$	29,818	$	29,113
State	9,078		8,112		6,539
Foreign	12,251		12,085		9,532
Total current	$	57,123	$	50,015	$	45,184
Deferred
Federal	(17,960)		(6,555)		(6,165)
State	(3,175)		1,774		2,132
Foreign	(5,266)		(842)		(6,844)
Total deferred	$	(26,401)	$	(5,623)	$	(10,877)
Total	$	30,722	$	44,392	$	34,307

Schedule of Net Deferred Tax Asset

Tax effected, significant temporary differences comprising the net deferred tax liability are as follows:


	March 28, 2026		March 29, 2025
	(Dollars in Thousands)
Deferred tax assets:
Depreciation	$	304	$	97
Amortization of intangibles	4,286		4,796
Inventory	5,357		2,846

Accruals, reserves and other deferred tax assets	14,941		14,801
Net operating loss carry-forward	29,453		8,842
Stock based compensation	5,116		4,897
Operating lease liabilities	12,614		14,906
Tax credit carry-forward, net	7,734		6,713
Capitalized research expenses	39,958		39,219
Gross deferred tax assets	119,763		97,117
Less valuation allowance	(14,238)		(11,930)
Total deferred tax assets (after valuation allowance)	105,525		85,187
Deferred tax liabilities:
Depreciation	(37,368)		(35,006)
Amortization of goodwill and intangibles	(79,850)		(87,905)
Unremitted earnings	(2,726)		(1,497)
Operating lease assets	(9,823)		(12,033)

Other deferred tax liabilities	(4,285)		(3,518)
Total deferred tax liabilities	(134,052)		(139,959)
Net deferred tax liabilities	$	(28,527)	$	(54,772)

Schedule of Effective Income Tax Rate Reconciliation

In accordance with the adoption of ASC Update No. 2023-09, income tax provision differs from the tax provision computed at the U.S. federal statutory income tax rate due to the following:


	Year Ended March 28, 2026
	(Dollars in Thousands)
Tax at federal statutory rate	$	26,886	21.0	%
State income taxes net of federal benefit(1)	4,610		3.6	%
Foreign tax effects
Switzerland
Statutory tax rate difference	(5,051)		(3.9)	%
Local income tax	2,246		1.8	%
Other items	21		—	%
Canada
Local income tax	(1,838)		(1.5)	%
Other items	(1,071)		(0.8)	%
Ireland	1,341		1.0	%
Other foreign jurisdictions	3,267		2.6	%
Effect of cross-border tax laws	(770)		(0.6)	%
Nontaxable or nondeductible items
Other nontaxable or nondeductible items	1,496		1.2	%
Limitation on executive compensation	3,434		2.7	%
Tax credits
Federal research credits	(3,089)		(2.4)	%
Other tax credits	(852)		(0.7)	%
Changes in valuation allowances	37		—	%
Changes in unrecognized tax benefits	54		—	%
Other, net	1		—	%
Income tax provision	$	30,722	24.0	%

_________

(1) The jurisdictions which account for the majority of the tax effect in this category include California, Texas, Florida, New York, Pennsylvania, Illinois and Georgia.

Prior to the adoption of ASC Update No. 2023-09, income tax provision differed from the tax provision computed at the U.S. federal statutory income tax rate due to the following:


		Year Ended
	2025			2024
		(Dollars in Thousands)
Tax at federal statutory rate		$	44,535	21.0	%	$	31,892	21.0	%

Impact of foreign operations		(732)		(0.3)	%	(3,631)		(2.4)	%
State income taxes net of federal benefit		7,505		3.5	%	7,037		4.6	%
Change in uncertain tax positions		(1,227)		(0.6)	%	(107)		(0.1)	%

Global intangible low taxed income		(1,380)		(0.7)	%	(555)		(0.4)	%
Unremitted earnings		163		0.1	%	171		0.1	%
Deferred statutory rate changes		543		0.3	%	(159)		(0.1)	%

Non-deductible executive compensation		5,130		2.4	%	3,256		2.1	%
Non-deductible expenses		2,845		1.3	%	2,355		1.6	%
Stock compensation benefits		(4,469)		(2.1)	%	(1,841)		(1.2)	%
Research credits		(2,411)		(1.1)	%	(1,378)		(0.9)	%
Contingent consideration		(4,774)		(2.3)	%	—		—	%
Impact of foreign tax law changes		(2,707)		(1.3)	%	(2,739)		(1.8)	%


Valuation allowance		1,744		0.9	%	(393)		(0.2)	%
Other, net		(373)		(0.2)	%	399		0.3	%
Income tax provision		$	44,392	20.9	%	$	34,307	22.6	%

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the activity related to its gross unrecognized tax benefits for the fiscal years ended March 28, 2026, March 29, 2025 and March 30, 2024:


	March 28, 2026		March 29, 2025		March 30, 2024
	(Dollars in Thousands)
Beginning Balance	$	2,822	$	3,743	$	3,941
Additions for tax positions of fiscal 2026	140		315		234
Additions for tax positions of a prior fiscal year	9		1,242		—
Additions for tax positions related to acquired businesses	—		91		—
Reductions of tax positions	(111)		(64)		(198)
Settlements of tax positions	(1,242)		—		—
Expiration of statute of limitations	(24)		(2,505)		(234)
Ending Balance	$	1,594	$	2,822	$	3,743

Schedule of Cash Flow, Supplemental Disclosures

The following is a summary of cash income taxes paid, net of refunds:


	Year Ended
	2026
	(Dollars in Thousands)
Federal	$	41,750
State	10,082
Foreign	8,833
Total	$	60,665