Leases

12 Months Ended

Mar. 28, 2026

The Company has operating leases for corporate offices and certain office equipment. Our leases have remaining lease terms of 1 year to 23 years, some of which include options to extend the leases that are considered reasonably certain to be exercised. There are no residual value guarantees in any of our leases. No restrictions or covenants have been imposed on the Company as a result of the lease agreements in place. All of the Company’s leases have been classified as operating leases.

The components of net operating lease expense were as follows (in thousands):


	Fiscal Years Ended
	March 28, 2026		March 29, 2025
Operating lease - in excess of 12 months	$	19,741	$	19,750
Variable lease	6,150		6,137
Short-term lease	168		351
Operating lease income	(1,997)		(944)
Total net operating lease expense	$	24,062	$	25,294

Supplemental operating lease information:


	Fiscal Years Ended
	March 28, 2026			March 29, 2025
Balance Sheet Information (in thousands)
Operating lease right-of-use assets	$	120,676		$	126,688
Operating lease liabilities	$	133,977		$	143,719

Cash Flow Information (in thousands)
Operating cash outflows from operating leases	$	22,446		$	21,965
Non-Cash Information
Right-of-use assets obtained in exchange for new operating lease liabilities	9,425			3,538
Lease remeasurements	(1,087)			(1,078)

Operating Lease Information
Weighted-average remaining lease term - operating leases (in years)	11			11
Weighted-average discount rate - operating leases	4		%	4		%

Future lease commitments and income under non-cancellable leases, including extension options reasonably anticipated to be exercised as of March 28, 2026, are as follows (in thousands):


Fiscal Year	Operating Lease Commitments		Operating Lease Income
2027	$	19,966	$	(2,764)
2028	21,489		(3,001)
2029	20,547		(2,160)
2030	17,762		—
2031	17,955		—
Thereafter	72,169		—
Total	$	169,888	$	(7,925)
Less imputed interest and other	(35,911)		—
Total	$	133,977	$	(7,925)

Operating lease liabilities consisted of the following (in thousands):


	March 28, 2026		March 29, 2025
Current lease liabilities	$	19,872	$	21,811
Non-current lease liabilities	114,105		121,908
Total operating lease liabilities	$	133,977	$	143,719

Leases

The components of net operating lease expense were as follows (in thousands):


	Fiscal Years Ended
	March 28, 2026		March 29, 2025
Operating lease - in excess of 12 months	$	19,741	$	19,750
Variable lease	6,150		6,137
Short-term lease	168		351
Operating lease income	(1,997)		(944)
Total net operating lease expense	$	24,062	$	25,294

Supplemental operating lease information:


	Fiscal Years Ended
	March 28, 2026			March 29, 2025
Balance Sheet Information (in thousands)
Operating lease right-of-use assets	$	120,676		$	126,688
Operating lease liabilities	$	133,977		$	143,719

Cash Flow Information (in thousands)
Operating cash outflows from operating leases	$	22,446		$	21,965
Non-Cash Information
Right-of-use assets obtained in exchange for new operating lease liabilities	9,425			3,538
Lease remeasurements	(1,087)			(1,078)

Operating Lease Information
Weighted-average remaining lease term - operating leases (in years)	11			11
Weighted-average discount rate - operating leases	4		%	4		%

Future lease commitments and income under non-cancellable leases, including extension options reasonably anticipated to be exercised as of March 28, 2026, are as follows (in thousands):


Fiscal Year	Operating Lease Commitments		Operating Lease Income
2027	$	19,966	$	(2,764)
2028	21,489		(3,001)
2029	20,547		(2,160)
2030	17,762		—
2031	17,955		—
Thereafter	72,169		—
Total	$	169,888	$	(7,925)
Less imputed interest and other	(35,911)		—
Total	$	133,977	$	(7,925)

Operating lease liabilities consisted of the following (in thousands):


	March 28, 2026		March 29, 2025
Current lease liabilities	$	19,872	$	21,811
Non-current lease liabilities	114,105		121,908
Total operating lease liabilities	$	133,977	$	143,719