v3.26.3
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Sep. 26, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swaps
The Company held the following interest rate swaps as of September 26, 2026:
Hedged ItemOriginal Notional Amount
Notional Amount as of September 26, 2026
Designation DateEffective DateTermination DateFixed Interest RateEstimated Asset Fair Value
(Dollars in Thousands)
1-month USD Term SOFR$109,900 $99,010 9/27/20249/30/20244/30/20293.3%$3,007 
1-month USD Term SOFR109,900 97,672 9/27/20249/30/20244/30/20293.3%3,024 
Total$219,800 $196,682 $6,031 
Accounts Receivable, Allowance for Credit Loss
The following is a roll forward of the allowance for credit losses:
Allowance for Credit Losses (Write-offs)
(Dollars in Thousands)
Balance as of March 28, 2026
$3,693 
Credit loss83 
Write-offs(254)
Balance as of September 26, 2026
$3,522 
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 six months ended September 26, 2026:

Derivative InstrumentsAmount of (Loss) Gain Recognized in AOCLAmount of (Loss) Gain Reclassified from AOCL into EarningsClassification in EarningsAmount of Gain (Loss) Excluded from
Effectiveness
Testing		Classification in Earnings
(Dollars in Thousands)
Designated foreign currency hedge contracts, net of tax$(1,024)$(230)Net revenues, COGS and SG&A$443 Interest and other expense, net
Non-designated foreign currency hedge contracts$— $— $(528)Interest and other expense, net
Designated interest rate swaps, net of tax$3,355 $11 Interest and other expense, net$— 
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 September 26, 2026 and March 28, 2026:
ClassificationSeptember 26, 2026March 28, 2026
(Dollars in Thousands)
Derivative Assets:
Designated foreign currency hedge contractsPrepaid expenses and other current assets$691 $1,245 
Non-designated foreign currency hedge contractsPrepaid expenses and other current assets93 330 
Designated interest rate swapsPrepaid expenses and other current assets2,199 823 
Designated interest rate swapsOther long-term assets3,832 947 
Total$6,815 $3,345 
Derivative Liabilities:
Designated foreign currency hedge contractsOther current liabilities$892 $50 
Non-designated foreign currency hedge contractsOther current liabilities158 63 
Total$1,050 $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 September 26, 2026 and March 28, 2026.
September 26, 2026
Level 1Level 2Level 3Total
(Dollars in Thousands)
Assets
Money market funds$64,468 $— $— $64,468 
Designated foreign currency hedge contracts— 691 — 691 
Non-designated foreign currency hedge contracts— 93 — 93 
Designated interest rate swaps— 6,031 — 6,031 
Total$64,468 $6,815 $— $71,283 
Liabilities
Designated foreign currency hedge contracts$— $892 $— $892 
Non-designated foreign currency hedge contracts— 158 — 158 
Contingent consideration— — 3,300 3,300 
Total$— $1,050 $3,300 $4,350 
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
September 26, 2026Valuation TechniqueUnobservable InputRange
(Dollars in Thousands)
Revenue-based payments$3,100 Monte Carlo Simulation ModelDiscount rate3.4%
Projected fiscal year of payments2028 - 2030
Event-based payment$200 Monte Carlo Simulation ModelDiscount rate5.8%
Projected fiscal year of payment2027 - 2028
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 
Payment of contingent consideration(18,463)
Change in fair value700 
Balance as of September 26, 2026
$3,300