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Leases (Tables)
9 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Lease Cost
The following table provides information about the financial statement classification of our lease expenses reported within the Consolidated Statements of Comprehensive Income for the three and nine months ended December 31, 2022 and January 1, 2022 (in thousands):
Three Months EndedNine Months Ended
Lease Expense CategoryClassificationDecember 31,
2022
January 1,
2022
December 31,
2022
January 1,
2022
Operating lease expense(2):
Cost of sales$297 $286 $898 $858 
Selling, general and administrative expenses1,057 910 3,012 2,640 
Finance lease expense:
Amortization of leased assetsCost of sales44 131 26 
Interest on lease liabilitiesInterest expense71 73 212 80 
Total lease expense$1,469 $1,278 $4,253 $3,604 
(2) Excludes short-term and variable lease expenses, which are immaterial.
Finance lease minimum future payments The present value of the minimum payments for future fiscal years under non-cancelable leases as of December 31, 2022 was as follows (in thousands):
Operating LeasesFinance LeasesTotal
Remainder of 2023$1,405 $89 $1,494 
20245,308 356 5,664 
20254,318 356 4,674 
20263,897 356 4,253 
20271,686 356 2,042 
20281,203 356 1,559 
Thereafter2,795 10,585 13,380 
Total lease payments20,612 12,454 33,066 
Less amount representing interest(2,165)(6,193)(8,358)
Present value of lease liabilities$18,447 $6,261 $24,708 
Operating lease minimum future payments The present value of the minimum payments for future fiscal years under non-cancelable leases as of December 31, 2022 was as follows (in thousands):
Operating LeasesFinance LeasesTotal
Remainder of 2023$1,405 $89 $1,494 
20245,308 356 5,664 
20254,318 356 4,674 
20263,897 356 4,253 
20271,686 356 2,042 
20281,203 356 1,559 
Thereafter2,795 10,585 13,380 
Total lease payments20,612 12,454 33,066 
Less amount representing interest(2,165)(6,193)(8,358)
Present value of lease liabilities$18,447 $6,261 $24,708