Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 25, 2023

Accounting Policies [Abstract]

Schedule of Inventories

Inventories were comprised of the following (in thousands):

 

	March 25, 2023		March 26, 2022
Work in process	$	116,088	$	95,188
Finished goods	117,362		43,248
	$	233,450	$	138,436

Components of Property, Plant and Equipment

Property, plant and equipment was comprised of the following (in thousands):

	March 25, 2023		March 26, 2022
Land	$	23,853	$	23,853
Buildings	64,056		63,730
Furniture and fixtures	23,909		24,122
Leasehold improvements	55,733		53,611
Machinery and equipment	188,403		175,966
Capitalized software	26,889		26,491
Construction in progress and other	14,350		5,566
Total property, plant and equipment	397,193		373,339
Less: Accumulated depreciation and amortization	(234,221)		(216,262)
Property, plant and equipment, net	$	162,972	$	157,077

Schedule of Earnings Per Share, Basic and Diluted

The following table details the calculation of basic and diluted earnings per share for fiscal years 2023, 2022, and 2021, (in thousands, except per share amounts):

 

	Fiscal Years Ended
	March 25, 2023		March 26, 2022		March 27, 2021
Numerator:
Net income	$	176,703	$	326,355	$	217,344
Denominator:
Weighted average shares outstanding	55,614		57,278		58,106
Effect of dilutive securities	1,612		1,865		1,954
Weighted average diluted shares	57,226		59,143		60,060
Basic earnings per share	$	3.18	$	5.70	$	3.74
Diluted earnings per share	$	3.09	$	5.52	$	3.62