v3.26.1
Leases
12 Months Ended
Mar. 27, 2026
Leases [Abstract]  
Leases
12.
Leases

The Company leases real estate, equipment and vehicles under operating lease agreements that have initial terms ranging from one to 13 years. Some leases include one or more options to exercise renewal terms, generally at the Company’s sole discretion, that can extend the lease term. Certain leases contain rights to terminate whereby those termination options are held by either the Company, the lessor, or both parties. These options to extend or terminate a lease are included in the lease term only when it is reasonably certain that the Company will exercise that option. The Company’s leases generally do not contain any material restrictive covenants.

Operating lease cost is recognized on a straight-line basis over the lease term, while finance lease cost is amortized over the expected term on a straight-line basis. Information regarding the Company’s operating and finance leases are as follows:

 

Fiscal Year Ended

 

 

March 27,
2026

 

 

March 28,
2025

 

 

March 29,
2024

 

Operating leases

 

 

 

 

 

 

 

 

 

Operating lease expense

 

$

10,606

 

 

$

7,695

 

 

$

6,369

 

Short term lease expense

 

 

274

 

 

 

301

 

 

 

39

 

Other information:

 

 

 

 

 

 

 

 

 

Cash paid for operating leases

 

$

6,995

 

 

$

7,064

 

 

$

6,305

 

Weighted-average remaining lease term - operating leases

 

5.1 years

 

 

5.3 years

 

 

4.4 years

 

Weighted-average discount rate – operating leases

 

 

7.1

%

 

 

6.5

%

 

 

6.1

%

 

 

 

 

 

Fiscal Year Ended

 

 

 

March 27,
2026

 

 

March 28,
2025

 

 

March 29,
2024

 

Finance leases

 

 

 

 

 

 

 

 

 

Amortization of right-of-use assets

 

$

1,392

 

 

$

1,397

 

 

$

581

 

Interest on lease liabilities

 

 

276

 

 

 

246

 

 

 

29

 

Weighted-average remaining lease term - finance leases

 

3.6 years

 

 

4.6 years

 

 

5.6 years

 

Weighted-average discount rate - finance leases

 

 

7.7

%

 

 

7.7

%

 

 

7.7

%

 

Finance leases are recorded in the following line items within the consolidated balance sheets:

 

 

March 27,
2026

 

 

March 28,
2025

 

Property, plant and equipment, net

 

$

5,279

 

 

$

6,206

 

Current portion of long-term debt

 

 

1,530

 

 

 

1,423

 

Long-term debt

 

 

4,862

 

 

 

5,774

 

 

As of March 27, 2026, future minimum lease payments under operating and finance leases are as follows:

 

 

Operating Leases

 

 

Finance Leases

 

2027

 

$

6,826

 

 

$

1,912

 

2028

 

 

5,372

 

 

 

1,912

 

2029

 

 

3,126

 

 

 

1,912

 

2030

 

 

2,034

 

 

 

1,702

 

2031

 

 

1,094

 

 

 

 

Thereafter

 

 

4,129

 

 

 

 

Total lease payments

 

$

22,581

 

 

$

7,438

 

Less: imputed interest

 

 

(3,945

)

 

 

(1,046

)

Total lease liabilities

 

$

18,636

 

 

$

6,392