Restructuring Costs

12 Months Ended

Mar. 26, 2022

Restructuring and Related Activities [Abstract]

Restructuring Costs

Restructuring Costs

In the fourth quarter of fiscal year 2020, the Company approved a restructuring plan (the “MEMS Restructuring”), including discontinuing efforts relating to the microelectromechanical systems ("MEMS") microphone product line, which allowed the Company to concentrate our resources on projects with an anticipated larger return on investment. The Company recorded charges of $21.9 million as part of the MEMS Restructuring in fiscal year 2020. The MEMS Restructuring was substantially complete as of the first quarter of fiscal year 2021 with a $0.4 million "Restructuring Costs" charge to the income statement. No additional restructuring charges were incurred during fiscal year 2021 or 2022.

The following table details the total restructuring charges presented in the Consolidated Statements of Income within the "Restructuring Costs" line item (in thousands):

	Fiscal Years Ended
	March 27, 2021		March 28, 2020
Disposal of equipment, net of recovery from sales (a)	$	130	$	9,578
Impairment and write-off of intangible assets	—		9,961
Other exit costs	222		1,903
Personnel-related charges, net of equity cancellations (b)	—		483
Total	$	352	$	21,925

a.Fiscal year ended March 28, 2020 includes accelerated depreciation of equipment of $11.5 million, net of $1.9 million of recovery from equipment sold during the fourth quarter of fiscal 2020.

b.Personnel-related charges consist of severance costs of $1.7 million, net of $1.2 million of equity cancellation benefits.

There were no restructuring-related liabilities as of March 26, 2022 or March 27, 2021.