Fair Value Measurements (Tables)

6 Months Ended

Sep. 23, 2022

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The following tables present information about the Company’s financial assets and liabilities as of September 23, 2022 and March 25, 2022 measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values:

	Fair Value Measurement at September 23, 2022 Using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market fund deposits	$	171,705	$	—	$	—	$	171,705
Restricted cash:
Money market fund deposits	9,694		—		—		9,694
Other assets, net (long-term):
Investments in marketable securities	$	8,066	$	—	$	—	$	8,066
Total assets	$	189,465	$	—	$	—	$	189,465
Liabilities:
Other long-term liabilities:
Contingent consideration	$	—	$	—	$	100	$	100
Total liabilities	$	—	$	—	$	100	$	100

	Fair Value Measurement at March 25, 2022 Using:
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market fund deposits	$	16,927	$	—	$	—	$	16,927
Restricted cash:
Money market fund deposits	7,416		—		—		7,416
Other assets, net (long-term):
Investments in marketable securities	12,346		—		—		12,346
Total assets	$	36,689	$	—	$	—	$	36,689
Liabilities:
Other long-term liabilities:
Contingent consideration	—		—		2,800		2,800
Total liabilities	$	—	$	—	$	2,800	$	2,800

Unrealized Gains and Losses on Marketable Securities with a Readily Determinable Fair Value

The following table represents the unrealized gains and losses on investments in marketable securities held with a readily determinable fair value for the six-month periods ended September 23, 2022 and September 24, 2021:

	Six-Month Period Ended
	September 23, 2022		September 24, 2021
Net gains and losses recognized during the period on equity securities	$	(3,458)	$	978
Less: Net gains and losses recognized during the period on equity securities sold during the period	—		—
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$	(3,458)	$	978

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table shows the change in fair value of Level 3 contingent consideration in connection with the fiscal year 2021 purchase of Voxtel, Inc. (“Voxtel”), a privately-held technology company located in Beaverton, Oregon that

develops, manufactures and supplies photonic and advanced 3D imaging technologies (the “Voxtel Acquisition”), for the six-month periods ended September 23, 2022 and September 24, 2021:

	Level 3 Contingent  Consideration
Balance at March 25, 2022	$	2,800
Change in fair value of contingent consideration	(2,700)
Balance at September 23, 2022	$	100
Balance at March 26, 2021	$	4,800
Change in fair value of contingent consideration	600
Balance at September 24, 2021	$	5,400