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Shareholders' equity
12 Months Ended
Apr. 03, 2021
Shareholders' equity  
Shareholders' equity

8. Shareholders’ equity

Common stock

As of April 3, 2021, the Company had 250,000,000 shares of common stock authorized, with a par value of $0.01, of which 48,838,261 were issued.

The holders of common stock are entitled to one vote per common share. The holders have no preemptive or other subscription rights and there are no redemptions or sinking fund provisions with respect to such shares. Common stock is subordinate to any preferred stock outstanding with respect to rights upon liquidation and dissolution of the Company.

Preferred stock

As of April 3, 2021, the Company had 5,000,000 shares of preferred stock authorized, with a par value of $0.01, of which no shares were issued or outstanding.