Income Taxes (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of provisions for income taxes

The provisions for income taxes for fiscal 2024, 2023 and 2022 were as follows:

	2024		2023		2022
(In thousands)
Federal — current	$	21,872	$	15,072	$	14,736
State — current	5,369		7,701		5,202
Total current	27,241		22,773		19,938
Federal — deferred	(1,146)		704		(1,054)
State — deferred	(313)		(936)		(447)
Total deferred	(1,459)		(232)		(1,501)
Total provision	$	25,782	$	22,541	$	18,437

Schedule of effective income tax rate reconciliation

Reconciliations of the provisions for income taxes to the applicable federal statutory income tax rate for fiscal 2024, 2023 and 2022 are listed below.

	2024		2023		2022
Statutory federal income tax	21.0	%	21.0	%	21.0	%
State income taxes, net of federal deduction	5.4	%	6.8	%	5.6	%
Other — net	(0.9)	%	(0.5)	%	(0.3)	%
Total	25.5	%	27.3	%	26.3	%

Schedule of deferred tax assets and liabilities

The tax effects of items comprising our net deferred tax liability as of March 31, 2024 and April 2, 2023 are as follows:

(In thousands)	2024		2023
Deferred tax assets:
Trade receivables	$	96	$	51
Stock compensation accruals	2,224		2,027
Pension withdrawal liability	1,056		1,155
Lease liability	3,242		2,820
Inventories	2,645		2,437
Other	5,963		3,335
Total deferred tax assets	$	15,226	$	11,825
Deferred tax liabilities:
Prepaid expenses	$	(1,119)	$	(1,089)
Excess of tax over book depreciation	(18,428)		(16,360)
Intangible assets	(13,771)		(14,334)
ROU asset	(3,162)		(2,754)
Unrealized gain on interest rate swap	(1,152)		(1,087)
Total deferred tax liabilities	$	(37,632)	$	(35,624)
Net deferred tax liabilities	$	(22,406)	$	(23,799)