Commitments and Contingencies

6 Months Ended

Sep. 25, 2021

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note 10 – Commitments and Contingencies

Commitments

Commitments Due by Period				Within		2 to		4 to		After
(thousands)		Total		1 Year		3 Years		5 Years		5 Years
Principal payments on long-term debt	$	170,000			$	170,000
Finance lease commitments/financing obligations (a)		513,723	$	57,673		112,755	$	101,480	$	241,815
Operating lease commitments (a)		260,773		39,565		71,506		57,389		92,313
Accrued rent		1,005		883		56		26		40
Other liabilities		733		733		—		—		—
Total	$	946,234	$	98,854	$	354,317	$	158,895	$	334,168

(a)Finance and operating lease commitments represent future undiscounted lease payments and include $104.3 million and $66.5 million, respectively, related to options to extend lease terms that are reasonably certain of being exercised.

Contingencies

We are currently a party to various claims and legal proceedings incidental to the conduct of our business. If management believes that a loss arising from any of these matters is probable and can reasonably be estimated, we will record the amount of the loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable than another. As additional information becomes available, any potential liability related to these matters is assessed and the estimates are revised, if necessary. Litigation is subject to inherent uncertainties, and unfavorable rulings could occur and may include monetary damages. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on the financial position and results of operations of the period in which any such ruling occurs, or in future periods.

As previously disclosed by the Company, an action was filed against us on June 12, 2020 in the U.S. District Court for the Western District of Pennsylvania by Mark Cerini. The plaintiff, who is a former service store manager, sought certification to represent similarly situated store managers in a nationwide collective action for unpaid overtime wages, damages and attorneys’ fees. Plaintiff alleged violations of the Fair Labor Standards Act and various state laws relating to, among other things, overtime and unpaid wages. The parties have entered into a settlement agreement to resolve this matter that has been approved by the court. The Company included the settlement amount of $3.9 million in OSG&A expenses in the Company’s Consolidated Statement of Income and Comprehensive Income during the first quarter of fiscal 2022. The Company does not expect to incur additional expenses with respect to the settlement after the third quarter of fiscal 2022.