v3.26.1
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Jun. 27, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swaps
The Company held the following interest rate swaps as of June 27, 2026:
Hedged ItemOriginal Notional Amount
Notional Amount as of June 27, 2026
Designation DateEffective DateTermination DateFixed Interest RateEstimated Asset Fair Value
(Dollars in Thousands)
1-month USD Term SOFR$109,900 $99,666 9/27/20249/30/20244/30/20293.3%$1,293 
1-month USD Term SOFR109,900 98,319 9/27/20249/30/20244/30/20293.3%1,332 
Total$219,800 $197,985 $2,625 
Accounts Receivable, Allowance for Credit Loss
The following is a roll forward of the allowance for credit losses:
Allowance for Credit Losses (Write-offs/Recoveries)
(Dollars in Thousands)
Balance as of March 28, 2026
$3,693 
Credit loss38 
Write-offs(108)
Recoveries(5)
Balance as of June 27, 2026
$3,618 
Schedule of Effect of Derivative Instruments Designated as Cash Flow Hedges and Those Not Designated as Hedging Instruments
The following table presents the effect of the Company’s derivative instruments designated as cash flow hedges and those not designated as hedging instruments under ASC 815 in its condensed consolidated statements of income for the three months ended June 27, 2026:

Derivative InstrumentsAmount of Gain Recognized
in AOCL		Amount of (Loss) Gain Reclassified
from AOCL into
Earnings		Classification in EarningsAmount of Gain (Loss) Excluded from
Effectiveness Testing		Classification in Earnings
(Dollars in Thousands)
Designated foreign currency hedge contracts, net of tax$133 $116 Net revenues, COGS and SG&A$315 Interest and other expense, net
Non-designated foreign currency hedge contracts$— $— $(21)Interest and other expense, net
Designated interest rate swaps, net of tax$664 $(11)Interest and other expense, net$— 
Schedule of Fair Value of Derivative Instruments as They Appear in Consolidated Balance Sheets
The following tables present the fair value of the Company’s derivative instruments as they appear in its condensed consolidated balance sheets as of June 27, 2026 and March 28, 2026:
ClassificationJune 27, 2026March 28, 2026
(Dollars in Thousands)
Derivative Assets:
Designated foreign currency hedge contractsPrepaid expenses and other current assets$1,248 $1,245 
Non-designated foreign currency hedge contractsPrepaid expenses and other current assets28 330 
Designated interest rate swapsPrepaid expenses and other current assets1,133 823 
Designated interest rate swapsOther long-term assets1,492 947 
Total$3,901 $3,345 
Derivative Liabilities:
Designated foreign currency hedge contractsOther current liabilities$97 $50 
Non-designated foreign currency hedge contractsOther current liabilities35 63 
Total$132 $113 
Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis
Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of June 27, 2026 and March 28, 2026.
June 27, 2026
Level 1Level 2Level 3Total
(Dollars in Thousands)
Assets
Money market funds$36,670 $— $— $36,670 
Designated foreign currency hedge contracts— 1,248 — 1,248 
Non-designated foreign currency hedge contracts— 28 — 28 
Designated interest rate swaps— 2,625 — 2,625 
Total$36,670 $3,901 $— $40,571 
Liabilities
Designated foreign currency hedge contracts$— $97 $— $97 
Non-designated foreign currency hedge contracts— 35 — 35 
Contingent consideration— 21,016 21,016 
Total$— $132 $21,016 $21,148 
March 28, 2026
Level 1Level 2Level 3Total
(Dollars in Thousands)
Assets
Money market funds$90,716 $— $— $90,716 
Designated foreign currency hedge contracts— 1,245 — 1,245 
Non-designated foreign currency hedge contracts— 330 — 330 
Designated interest rate swaps— 1,770 — 1,770 
Total$90,716 $3,345 $— $94,061 
Liabilities
Designated foreign currency hedge contracts$— $50 $— $50 
Non-designated foreign currency hedge contracts— 63 — 63 
Contingent consideration— — 21,063 21,063 
Total$— $113 $21,063 $21,176 
The level 3 fair value measurements of contingent consideration liabilities include the following significant unobservable inputs:
Fair Value as of
June 27, 2026Valuation TechniqueUnobservable InputRange
(Dollars in Thousands)
Revenue-based payments$3,066 Monte Carlo Simulation ModelDiscount rate3.4%
Projected fiscal year of payments2028 - 2030
Event-based payment$296 Monte Carlo Simulation ModelDiscount rate5.8%
Projected fiscal year of payment2027 - 2028
$17,654 Monte Carlo Simulation ModelDiscount rate3.0%
Projected fiscal year of payment2027
Fair Value as of
March 28, 2026Valuation TechniqueUnobservable InputRange
(Dollars in Thousands)
Revenue-based payments$3,076 Monte Carlo Simulation ModelDiscount rate3.4%
Projected fiscal year of payments2028 - 2030
Event-based payment$390 Monte Carlo Simulation ModelDiscount rate5.8%
Projected fiscal year of payment2027 - 2028
$17,597 Monte Carlo Simulation ModelDiscount rate3.0%
Projected fiscal year of payment2027
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
A reconciliation of the change in the fair value of contingent consideration is included in the following table:
Contingent Consideration
(Dollars in Thousands)
Balance as of March 28, 2026
$21,063 
Change in fair value(47)
Balance as of June 27, 2026
$21,016