Stock-based compensation (Tables)
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12 Months Ended |
Apr. 03, 2021 |
Stock-based compensation |
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Summary of Company's restricted stock award grants |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Number of | | | | | | | | | | | | | | | | Performance- | | | | | | | | | | | | Number of | | | | Based | | | Total | | | | | Number of | | | | Performance- | | Performance- | | Awards | | | Number of | | | | | Time-Based | | Time-Based | | Based | | Based | | that Met | | | Awards | | Grant Date | | Awards | | Vesting | | Awards | | Vesting | | Performance | Grant Date | | Granted | | Fair Value | | Granted | | Period | | Granted | | Period | | Condition | June 1, 2018 | | 551,453 | | $ | 7.68 | | 112,553 | | 3 | years | 438,900 | (1) | 3 | years | 205,616 | September 12, 2018 | | 73,264 | | $ | 10.92 | | 73,264 | | 3 | years | — | | — | years | — | June 1, 2019 | | 605,927 | | $ | 7.03 | | 123,667 | | 3 | years | 482,260 | (2) | 3 | years | 182,520 | August 28, 2019 | | 172,792 | | $ | 4.63 | | 172,792 | | 3 | years | — | | — | years | — | June 1, 2020 | | 1,358,709 | | $ | 3.03 | | 336,876 | | 3 | years | 1,021,833 | (3) | 3 | years | 981,306 | August 26, 2020 | | 203,048 | | $ | 3.94 | | 203,048 | | 3 | years | — | | — | years | — | February 1, 2021 | | 50,100 | | $ | 15.51 | | 50,100 | | 3 | years | — | | — | years | — |
(1) | These performance-based restricted stock awards vest based on achievement of fiscal 2018 performance targets and are also subject to time-based vesting requirements. |
(2) | These performance-based restricted stock awards vest based on achievement of fiscal 2019 performance targets and are also subject to time-based vesting requirements. |
(3) | These performance-based restricted stock awards vest based on achievement of fiscal 2020 performance targets and are also subject to time-based vesting requirements. |
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Summary of Company's restricted stock awards activity |
| | | | | | | | Restricted Stock | | Weighted Average | | | Awards | | Grant Date Fair Value | Nonvested at March 30, 2019 | | 769,858 | | $ | 7.56 | Granted | | 778,719 | | | 6.50 | Vested | | (174,239) | | | 7.13 | Forfeited | | (277,597) | | | 7.75 | Withheld related to net settlement | | (55,477) | | | 6.73 | Nonvested at March 28, 2020 | | 1,041,264 | | $ | 6.84 | Granted | | 1,611,857 | | | 3.53 | Vested | | (478,795) | | | 6.00 | Forfeited | | (404,347) | | | 6.33 | Withheld related to net settlement | | (168,942) | | | 5.51 | Nonvested at April 3, 2021 | | 1,601,037 | | $ | 4.03 |
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Summary of the Company's stock option activity |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year | | | | 2020 | | 2019 | | 2018 | | | | | | | | Weighted- | | | | | | | | Weighted- | | | | | | | | Weighted- | | | | | | | | Weighted- | | average | | | | | | Weighted- | | average | | | | | | Weighted- | | average | | | | | | | | average | | contractual | | Aggregate | | | | average | | contractual | | Aggregate | | | | average | | contractual | | Aggregate | | | | | | exercise | | term | | intrinsic | | | | exercise | | term | | intrinsic | | | | exercise | | term | | intrinsic | | | | | | price | | remaining | | value | | | | price | | remaining | | value | | | | price | | remaining | | value | | | | Shares | | (per share) | | (years) | | (thousands) | | Shares | | (per share) | | (years) | | (thousands) | | Shares | | (per share) | | (years) | | (thousands) | | Beginning balance | | 2,559,232 | | $ | 15.30 | | | | | | | 2,895,539 | | $ | 15.27 | | | | | | | 3,040,206 | | $ | 15.40 | | | | | | | Granted | | — | | $ | — | | | | | | | — | | $ | — | | | | | | | — | | $ | — | | | | | | | Exercised | | (42,907) | | $ | 11.57 | | | | | | | — | | $ | — | | | | | | | — | | $ | — | | | | | | | Forfeited | | (9,130) | | $ | 18.00 | | | | | | | (42,864) | | $ | 8.83 | | | | | | | (27,793) | | $ | 18.00 | | | | | | | Expired | | (248,154) | | $ | 18.00 | | | | | | | (293,443) | | $ | 15.98 | | | | | | | (116,874) | | $ | 17.89 | | | | | | | Ending balance | | 2,259,041 | | $ | 15.07 | | 3.26 | | $ | 5,210,006 | | 2,559,232 | | $ | 15.30 | | 4.27 | | $ | — | | 2,895,539 | | $ | 15.27 | | 5.27 | | $ | 2,460,384 | | Vested and exercisable at end of year | | 2,258,933 | | $ | 15.07 | | 3.26 | | $ | 5,210,006 | | 2,389,873 | | $ | 15.69 | | 4.16 | | $ | — | | 2,428,274 | | $ | 16.49 | | 4.95 | | $ | 1,102,326 | |
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