Leases (Tables)

6 Months Ended

Sep. 24, 2022

Leases

Schedule of ROU assets and liabilities

ROU assets and lease liabilities as of September 24, 2022 and March 26, 2022 consist of the following:

	Balance Sheet Classification	September 24, 2022 (in thousands)		March 26, 2022 (in thousands)
Assets
Finance lease assets	Right-of-use assets, net	$	9,785	$	10,254
Operating lease assets	Right-of-use assets, net		292,222		230,893
Total lease assets		$	302,007	$	241,147
Liabilities
Current
Finance	Short-term lease liabilities	$	847	$	838
Operating	Short-term lease liabilities		46,000		42,279
Total short-term lease liabilities		$	46,847	$	43,117
Non-Current
Finance	Long-term lease liabilities	$	15,736	$	16,164
Operating	Long-term lease liabilities		284,067		218,420
Total long-term lease liabilities		$	299,803	$	234,584
Total lease liabilities		$	346,650	$	277,701

Schedule of total lease cost

Total lease costs for the thirteen and twenty-six weeks ended September 24, 2022 and September 25, 2021 were:

	Thirteen Weeks Ended					Twenty-Six Weeks Ended
(in thousands)	September 24, 2022		September 25, 2021			September 24, 2022		September 25, 2021
Finance lease cost
Amortization of right-of-use assets	$	214	$	219		$	469	$	419
Interest on lease liabilities		180		197			362		399
Total finance lease cost	$	394	$	416		$	831	$	818
Operating lease cost	$	15,193	$	12,250		$	29,216	$	24,184
Short-term lease cost		1,013		680			1,910		1,261
Variable lease cost		5,281		4,550	*		10,750		8,957	*
Sublease income		—		—			—		—
Total lease cost	$	21,881	$	17,896		$	42,707	$	35,220

*Amount previously disclosed above for variable lease cost in the thirteen and twenty-six weeks ended September 25, 2021 has been corrected from the amounts previously reported of $1.2 and $2.3 million, respectively.

Schedule of future lease payments

The following table summarizes future lease payments as of September 24, 2022:

	Operating Leases		Finance Leases
Fiscal Year	(in thousands)		(in thousands)
2023	$	17,895	$	1,134
2024		63,646		1,544
2025		58,118		1,515
2026		51,183		1,552
2027		42,529		1,590
Thereafter		169,665		14,524
Total		403,036		21,859
Less: Imputed interest		(72,969)		(5,276)
Present value of net lease payments	$	330,067	$	16,583

Schedule of supplemental lease information

The following table includes supplemental lease information:

	Twenty-Six Weeks Ended			Twenty-Six Weeks Ended
Supplemental Cash Flow Information (dollars in thousands)	September 24, 2022			September 25, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	28,871		$	24,661
Operating cash flows from finance leases		—			—
Financing cash flows from finance leases		426			789
	$	29,297		$	25,450
Lease liabilities arising from new right-of-use assets
Operating leases	$	83,811		$	39,693
Finance leases	$	—		$	3,148
Weighted average remaining lease term (in years)
Operating leases		8.0			6.5
Finance leases		12.9			13.7
Weighted average discount rate
Operating leases		4.6	%		5.1	%
Finance leases		10.9	%		10.9	%