v3.26.1
Fair Value Measurements
 12 Months Ended
Mar. 27, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements
5.
Fair Value Measurements

The following tables present information about the Company’s financial assets and liabilities as of March 27, 2026 and
March 28, 2025 measured at fair value on a recurring basis:

 

Fair Value Measurement at March 27, 2026:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

$

42,173

 

 

$

—

 

 

$

—

 

 

$

42,173

 

Restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

Money market fund deposits

 

 

6,604

 

 

 

—

 

 

 

—

 

 

 

6,604

 

Other long-term assets:

 

 

 

 

 

 

 

 

 

 

 

 

Investment in debt security

 

 

—

 

 

 

—

 

 

 

3,477

 

 

 

3,477

 

Total assets

 

$

48,777

 

 

$

—

 

 

$

3,477

 

 

$

52,254

 

 

 

Fair Value Measurement at March 28, 2025:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

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

 

 

Financial assets measured at fair value on a recurring basis also consist of assets within the Company’s non-U.S. defined benefit plan assets. Fair value information for those assets, including their classification in the fair value hierarchy, is included in Note 15, “Retirement Plans.”

During the fiscal years ended March 27, 2026, March 28, 2025 and March 29, 2024, there were no transfers of financial assets or liabilities between Level 1, Level 2 and Level 3.

As of March 27, 2026 and March 28, 2025, the fair value of the Company’s long-term debt was $283,575 and $343,275, 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.

As of March 27, 2026, the Company held an investment in debt security with a fair value of $3,477, which is classified as Level 3 within the fair value hierarchy. Given the immateriality of this investment to the Company’s consolidated financial position and results of operations, the quantitative disclosure of significant unobservable inputs otherwise required are not presented.