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Stock-Based Compensation (Tables)
12 Months Ended
Apr. 02, 2022
Share-Based Payment Arrangement [Abstract]  
Stock Options Activity
Stock Options. The following table summarizes stock option activity for fiscal years 2022, 2021 and 2020:
Number
of Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term (years)
Aggregate
Intrinsic
Value
(in thousands)
Outstanding at March 30, 2019411,111 $102.71 
Granted 74,750 145.24 
Exercised(120,687)63.66 
Canceled or expired(1,000)99.65 
Outstanding at March 28, 2020364,174 $123.93 4.02$49,000 
Granted 39,800 177.61 
Exercised(131,567)90.49 
Canceled or expired(20,658)148.95 
Outstanding at April 3, 2021251,749 $146.86 4.04$34,266 
Granted— — 
Exercised(53,550)107.58 
Canceled or expired(5,286)164.49 
Outstanding at April 2, 2022192,913 $157.23 3.34$16,724 
Exercisable at March 28, 2020179,133 $100.82 2.83$25,423 
Exercisable at April 3, 2021108,588 $132.48 3.22$15,549 
Exercisable at April 2, 2022126,948 $149.90 2.82$11,941 
Stock Options, Weighted Average Assumptions There were no grants of stock options in fiscal year 2022. The weighted-average estimated fair value of employee stock options granted during fiscal years 2021 and 2020 was $69.65 and $46.84 per share, respectively, using the following weighted average assumptions:
 Fiscal Year
 20212020
Volatility47.5 %36.0 %
Risk-free interest rate0.3 %2.0 %
Dividend yield— %— %
Expected option life in years4.564.33
Estimated forfeiture rate7.0 %7.0 %
Restricted Stock Unit Activity
Restricted Stock Awards. A summary of RSU activity for fiscal years 2022, 2021 and 2020 is as follows:
Number of Shares
Performance-Based AwardsService-Based AwardsTotal
Outstanding at March 30, 2019— — — 
Awarded7,305 4,900 12,205 
Released— (400)(400)
Canceled or expired— — — 
Outstanding at March 28, 20207,305 4,500 11,805 
Awarded7,450 3,550 11,000 
Released— (3,465)(3,465)
Canceled or expired(1,816)— (1,816)
Outstanding at April 3, 202112,939 4,585 17,524 
Awarded7,920 16,902 24,822 
Released— (3,335)(3,335)
Canceled or expired(805)(505)(1,310)
Outstanding at April 2, 202220,054 17,647 37,701 
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 20226,333 
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 20236,201 
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 20247,520