Stock-Based Compensation (Tables)

12 Months Ended

Apr. 01, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Options Activity

The following table summarizes the option activity within the Company’s stock-based compensation plans for the fiscal years 2017, 2016 and 2015:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in thousands)
Options outstanding at March 29, 2014	443,900		$	37.98
Granted	80,730		78.35
Exercised	(14,375	)	34.76
Canceled or expired	(3,275	)	51.13
Options outstanding at March 28, 2015	506,980		$	44.42	3.29	$	15,836
Granted	90,500		75.27
Exercised	(104,500	)	33.46
Canceled or expired	(1,000	)	75.90
Options outstanding at April 2, 2016	491,980		$	51.91	3.28	$	35,906
Granted	116,850		98.93
Exercised	(121,275	)	30.02
Canceled or expired	(22,625	)	80.21
Options outstanding at April 1, 2017	464,930		$	68.01	3.83	$	42,194
Exercisable at March 28, 2015	347,750		$	36.17	2.36	$	13,537
Exercisable at April 2, 2016	320,975		$	41.01	2.09	$	24,786
Exercisable at April 1, 2017	244,025		$	50.77	2.29	$	23,626

Stock Options, Weighted Average Assumptions

The fair values of options granted were estimated at the date of grant using the following weighted average assumptions: 

	Fiscal Year
	2017		2016		2015
Volatility	38.3	%	39.8	%	42.4	%
Risk-free interest rate	1.1	%	1.5	%	1.5	%
Dividend yield	—	%	—	%	—	%
Expected option life in years	5.24		5.03		4.87