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Stock-based compensation (Tables)
12 Months Ended
Apr. 03, 2021
Stock-based compensation  
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.
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

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