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Stock-Based Compensation (Tables)
12 Months Ended
Mar. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Stock Options Activity
Stock Options. The following table summarizes stock option activity for fiscal years 2024, 2023 and 2022:
Number
of Shares
Weighted
Average
Exercise
Price per share
Weighted
Average
Remaining
Contractual
Term (years)
Aggregate
Intrinsic
Value
(in thousands)
Outstanding at April 3, 2021251,749 $146.86 4.04$34,266 
Exercised(53,550)107.58 
Forfeited, canceled or expired(5,286)164.49 
Outstanding at April 2, 2022192,913 $157.23 3.34$16,724 
Exercised(44,237)137.28 
Forfeited, canceled or expired(5,100)241.23 
Outstanding at April 1, 2023143,576 $160.40 2.88$22,591 
Exercised(48,637)145.38 
Forfeited, canceled or expired(538)183.83 
Outstanding at March 30, 202494,401 $168.00 2.21$21,812 
Exercisable at April 2, 2022126,948 $149.90 2.82$11,941 
Exercisable at April 1, 2023116,434 $155.38 2.70$18,887 
Exercisable at March 30, 202489,474 $167.13 2.15$20,752 
Restricted Stock Unit Activity
Restricted Stock Awards. A summary of RSU activity for fiscal years 2024, 2023 and 2022 is as follows:
Number of Service-based unitsWeighted Average Grant Date Fair Value per share
Outstanding at April 3, 20214,585 $177.08 
Awarded16,902 233.60 
Released(3,335)180.83 
Forfeited(505)215.90 
Outstanding at April 2, 202217,647 $229.39 
Awarded18,965 227.99 
Released(6,714)234.55 
Forfeited(1,030)283.27 
Outstanding at April 1, 202328,868 $225.35 
Awarded17,511 294.06 
Released(12,541)231.70 
Forfeited(1,254)250.71 
Outstanding at March 30, 202432,584 $258.85 
The total intrinsic value of RSUs released during fiscal years 2024, 2023 and 2022 was $3.6 million, $1.6 million and $0.8 million, respectively.
Number of Performance-based unitsWeighted Average Grant Date Fair Value per share
Outstanding at April 3, 202112,939 $163.51 
Awarded7,920 217.39 
Forfeited(805)192.64 
Outstanding at April 2, 202220,054 $183.62 
Awarded11,730 209.87 
Additional shares granted by performance2,489 158.36 
Released(8,822)158.36 
Outstanding at April 1, 202325,451 $202.00 
Awarded12,125 295.01 
Additional shares granted by performance1,658 167.84 
Released(6,988)167.95 
Forfeited(2,128)220.67 
Outstanding at March 30, 202430,118 $244.15 
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 20247,504 
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 202511,187 
Unvested target performance-based RSUs that may vest based upon performance conditions through fiscal year 202611,427