XML 28 R18.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases
9 Months Ended
Dec. 26, 2021
Leases [Abstract]  
Lessee, Operating Leases [Text Block] Leases
Lease Obligations. As of December 26, 2021, we were obligated under operating lease agreements for certain manufacturing facilities, warehouse space, the land on which some of our facilities sit, vehicles and information technology equipment. Our leases have remaining original lease terms of 1 year to 23 years, some of which include options to extend the lease for up to 10 years.
As of December 26, 2021, our operating lease components with initial or remaining terms in excess of one year were classified on the condensed consolidated balance sheet within right of use assets, short-term lease liability and long-term lease liability.
Expense for leases less than 12 months was not material for the three and nine months ended December 26, 2021 and December 27, 2020. Total lease expense was $0.7 million for both the three months ended December 26, 2021 and December 27, 2020, and was $2.1 million for both the nine months ended December 26, 2021 and December 27, 2020.

Other information related to our operating leases was as follows:
December 26, 2021March 28, 2021
Lease Term and Discount Rate
Weighted average remaining lease term (years)9.169.73
Weighted average discount rate2.6 %2.7 %

Maturities of lease liabilities as of December 26, 2021 were as follows:
(In thousands)Operating Leases
Remaining fiscal 2022$443 
Fiscal 20231,764 
Fiscal 20241,411 
Fiscal 20251,356 
Fiscal 20261,297 
Thereafter6,335 
Total$12,606 
Less: Interest(1,536)
Present value of lease liabilities$11,070