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:
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Fiscal Year Ended |
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|
|
March 27,
2026 |
|
|
March 28,
2025 |
|
|
March 29,
2024 |
|
Operating leases |
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Operating lease expense |
|
$ |
10,606 |
|
|
$ |
7,695 |
|
|
$ |
6,369 |
|
Short term lease expense |
|
|
274 |
|
|
|
301 |
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|
|
39 |
|
Other information: |
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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 |
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Weighted-average discount rate – operating leases |
|
|
7.1 |
% |
|
|
6.5 |
% |
|
|
6.1 |
% |
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|
|
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|
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|
|
|
|
|
Fiscal Year Ended |
|
|
|
March 27,
2026 |
|
|
March 28,
2025 |
|
|
March 29,
2024 |
|
Finance leases |
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|
|
|
|
|
|
|
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Amortization of right-of-use assets |
|
$ |
1,392 |
|
|
$ |
1,397 |
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|
$ |
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:
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|
March 27,
2026 |
|
|
March 28,
2025 |
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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 |
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|