Stock-Based Compensation (Tables)

3 Months Ended

Jun. 29, 2024

Stock-Based Compensation

Schedule of stock option activity

The following table summarizes the stock option activity for the thirteen weeks ended June 29, 2024:

		Grant Date		Weighted
		Weighted		Average	Aggregate
	Stock	Average		Remaining	Intrinsic
	Options	Exercise Price		Contractual Life	Value (1)
				(in years)	(in thousands)
Outstanding at March 30, 2024	340,605	$	40.00
Granted	—		—
Exercised	(40,470)		23.49		$	3,585
Cancelled, forfeited or expired	—		—
Outstanding at June 29, 2024	300,135	$	42.23	5.7	$	26,021
Vested and expected to vest after June 29, 2024	300,135	$	42.23	5.7	$	26,021
Exercisable at June 29, 2024	208,237	$	24.23	4.9	$	21,803

(1) Intrinsic value for stock options is defined as the difference between the market price of the Company’s common stock on the last business day of the fiscal quarter and the weighted average exercise price of the in-the-money stock options outstanding at the end of each fiscal period.

Schedule of non-vested stock options

A summary of the status of non-vested stock options as of June 29, 2024, including changes during the thirteen weeks ended June 29, 2024, is presented below:

		Weighted-
		Average
		Grant Date
	Shares	Fair Value
Nonvested at March 30, 2024	154,487	$	30.63
Granted	—		—
Vested	(62,589)		10.58
Nonvested shares forfeited	—		—
Nonvested at June 29, 2024	91,898	$	44.28