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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Mar. 25, 2023

Mar. 26, 2022

Mar. 27, 2021

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

Pay Versus Performance

The following table sets forth the compensation for our principal executive officer (the “PEO”) and the average c

mpensation for our other Named Executive Officers

(“non-PEO

NEOs”), both as reported in the Summary Compensation Table in this Proxy Statement and with certain adjustments to reflect the “compensation actually paid” to such individuals, as defined under the SEC’s pay versus performance disclosure rules, for each of fiscal year 2023, 2022 and 2021. For further information concerning our

pay-for-performance

philosophy and how we align executive compensation with Company financial performance, refer to the CD&A in this Proxy Statement.


A	B			C			D			E			F		G		H			I
Year	Summary Compensation Table Total for PEO			Compensation “Actually Paid” to PEO			Average Summary Compensation Table Total for non-PEO NEOs			Average Compensation “Actually Paid” to non- PEO NEOs			Value of Initial Fixed $100 Investment Based On:				Net Income ( in thousands )			Revenue ( in thousands )
Year	Summary Compensation Table Total for PEO			Compensation “Actually Paid” to PEO			Average Summary Compensation Table Total for non-PEO NEOs			Average Compensation “Actually Paid” to non- PEO NEOs			Company TSR		Peer Group TSR		Net Income ( in thousands )			Revenue ( in thousands )

2023		$	1,559,720		$	1,492,150		$	935,240		$	887,887		130		188		$	39,048		$	1,325,382

2022		$	4,554,904		$	3,125,422		$	1,198,786		$	868,745		114		194		$	61,568		$	1,359,328

2021		$	1,298,669		$	1,696,771		$	700,640		$	847,295		168		188		$	34,319		$	1,125,721

The following table shows the executives who were included in columns B through E for fiscal years 2021, 2022 and 2023:

PEO

Non-PEO

NEO

Executive Name

2021

2022

2023

2021

2022

2023

M. Broderick

B. Ponton

R. Mellor

M. Henson

B. D’Ambrosia

M. Mulholland

R. Rajkowski

D. Tripoli

Compensation Actually Paid to PEO and Average Compensation Actually Paid to

Non-PEO

NEOs (Columns C and E)

Columns C and E, respectively, include the amount of Compensation Actually Paid to our CEO and average of our other NEOs (according to SEC rules). The amounts are not current cash payments. Our retirement benefits are paid only after retirement and our long-term incentives’ value vary with company performance (including stock price) until they are vested or exercised (in the case of options).

The following table shows adjustments made to total compensation for each year to determine the Compensation Actually Paid:


	Summary Compensation Table Total			Minus summary compensation table value of STOCK awards			Minus summary compensation table value of OPTION awards			plus pay versus performance value of equity awards			equals compensation actually paid

PEO
2023		$	1,559,720		$	599,972		$	199,969		$	732,371		$	1,492,150
2022		$	4,554,904		$	3,070,948		$	197,522		$	1,838,988		$	3,125,422
2021		$	1,298,669		$	249,995		$	251,514		$	899,611		$	1,696,771

Average Non-PEO
2023		$	935,240		$	407,486		$	144,982		$	505,116		$	887,887
2022		$	1,198,786		$	496,829		$	142,071		$	308,858		$	868,745
2021		$	700,640		$	112,479		$	113,176		$	372,310		$	847,295

•

Summary Compensation Table Value of Equity Awards includes the total grant date fair value of equity awards reported in the Stock Awards and Option Awards columns in the Summary Compensation Table.

•

Pay Versus Performance Value of Equity Awards includes the following:

For awards granted in the applicable year, the fair value:

•

year-end

for awards that are outstanding and unvested

•

As of the vesting date for awards that vest in the applicable year

For awards granted in prior years, the change in fair value:

•

From the beginning of the year to the end of the year for awards that remain outstanding and unvested

•

From the beginning of the year to the vesting date for awards that vest in the applicable year

•

From the beginning of the year to zero for awards that fail to vest

•

Fair values as of each measurement date were determined in accordance with ASC 718 as follows:

Stock awards are valued based on the stock price on the relevant valuation date. Performance share awards are also adjusted to reflect the probable outcome of the performance conditions.

Stock options were valued using the Black-Scholes model at grant date and are valued using the lattice valuation model at each subsequent valuation period. The lattice valuation model was deemed most appropriate because it is better able to value stock options at varying levels of stock price relative to the option exercise price.

See Note 10 in our financial statements in the Form

10-K

for the year ended March 25, 2023, as filed with the SEC for additional details on the valuation assumptions used at grant.

The following table shows the amounts included in the Pay Versus Performance Value of Equity Awards.


	Year end fair value of equity awards granted during applicable year			change in FV as of year end of any prior year awards that remain unvested at year end				change in fair value as of the vesting date of any prior year awards that vested during applicable year				Fair value of awards as of vesting date that were granted and vested during the year			subtract the FV as of the prior FY for awards that did not vest (failed to vest)				add the amount of dividend or other earnings paid on stock or option awards PRIOR to vesting that are not otherwise included in total comp for the FY		Pay versus Performance Value of Equity awards

PEO
2023		$	907,693		$	(189,535	)		$	14,212							—			—		$	732,371
2022		$	1,862,284		$	(12,247	)		$	(11,049	)						—			—		$	1,838,988
2021			—		$	(187,054	)		$	1,086,666							—			—		$	899,611

Average Non-PEO
2023		$	556,967		$	(48,565	)		$	(9,681	)		$	52,033		$	(45,638	)		—		$	505,116
2022		$	451,506		$	(129,122	)		$	(13,526	)						—			—		$	308,858
2021		$	321,691		$	26,898			$	23,720							—			—		$	372,310

Company Selected Measure Name

Revenue

Named Executive Officers, Footnote [Text Block]

The following table shows the executives who were included in columns B through E for fiscal years 2021, 2022 and 2023:

PEO

Non-PEO

NEO

Executive Name

2021

2022

2023

2021

2022

2023

M. Broderick

B. Ponton

R. Mellor

M. Henson

B. D’Ambrosia

M. Mulholland

R. Rajkowski

D. Tripoli

Peer Group Issuers, Footnote [Text Block]

Columns F and G are the cumulative total shareholder return of a $100 investment from the beginning of fiscal year 2021 through the end of each of the years indicated for the Company (column F) and the S&P Composite Specialty Retail Index (column G). Total shareholder return includes share price appreciation and assumes dividend reinvestment.

PEO Total Compensation Amount

$ 1,559,720

$ 4,554,904

$ 1,298,669

PEO Actually Paid Compensation Amount

$ 1,492,150

3,125,422

1,696,771

Adjustment To PEO Compensation, Footnote [Text Block]

The following table shows adjustments made to total compensation for each year to determine the Compensation Actually Paid:


	Summary Compensation Table Total			Minus summary compensation table value of STOCK awards			Minus summary compensation table value of OPTION awards			plus pay versus performance value of equity awards			equals compensation actually paid

PEO
2023		$	1,559,720		$	599,972		$	199,969		$	732,371		$	1,492,150
2022		$	4,554,904		$	3,070,948		$	197,522		$	1,838,988		$	3,125,422
2021		$	1,298,669		$	249,995		$	251,514		$	899,611		$	1,696,771

Average Non-PEO
2023		$	935,240		$	407,486		$	144,982		$	505,116		$	887,887
2022		$	1,198,786		$	496,829		$	142,071		$	308,858		$	868,745
2021		$	700,640		$	112,479		$	113,176		$	372,310		$	847,295

•

Summary Compensation Table Value of Equity Awards includes the total grant date fair value of equity awards reported in the Stock Awards and Option Awards columns in the Summary Compensation Table.

•

Pay Versus Performance Value of Equity Awards includes the following:

For awards granted in the applicable year, the fair value:

•

year-end

for awards that are outstanding and unvested

•

As of the vesting date for awards that vest in the applicable year

For awards granted in prior years, the change in fair value:

•

From the beginning of the year to the end of the year for awards that remain outstanding and unvested

•

From the beginning of the year to the vesting date for awards that vest in the applicable year

•

From the beginning of the year to zero for awards that fail to vest

•

Fair values as of each measurement date were determined in accordance with ASC 718 as follows:

Stock awards are valued based on the stock price on the relevant valuation date. Performance share awards are also adjusted to reflect the probable outcome of the performance conditions.

See Note 10 in our financial statements in the Form

10-K

for the year ended March 25, 2023, as filed with the SEC for additional details on the valuation assumptions used at grant.

The following table shows the amounts included in the Pay Versus Performance Value of Equity Awards.


	Year end fair value of equity awards granted during applicable year			change in FV as of year end of any prior year awards that remain unvested at year end				change in fair value as of the vesting date of any prior year awards that vested during applicable year				Fair value of awards as of vesting date that were granted and vested during the year			subtract the FV as of the prior FY for awards that did not vest (failed to vest)				add the amount of dividend or other earnings paid on stock or option awards PRIOR to vesting that are not otherwise included in total comp for the FY		Pay versus Performance Value of Equity awards

PEO
2023		$	907,693		$	(189,535	)		$	14,212							—			—		$	732,371
2022		$	1,862,284		$	(12,247	)		$	(11,049	)						—			—		$	1,838,988
2021			—		$	(187,054	)		$	1,086,666							—			—		$	899,611

Average Non-PEO
2023		$	556,967		$	(48,565	)		$	(9,681	)		$	52,033		$	(45,638	)		—		$	505,116
2022		$	451,506		$	(129,122	)		$	(13,526	)						—			—		$	308,858
2021		$	321,691		$	26,898			$	23,720							—			—		$	372,310

Non-PEO NEO Average Total Compensation Amount

$ 935,240

1,198,786

700,640

Non-PEO NEO Average Compensation Actually Paid Amount

$ 887,887

868,745

847,295

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

The following table shows adjustments made to total compensation for each year to determine the Compensation Actually Paid:


	Summary Compensation Table Total			Minus summary compensation table value of STOCK awards			Minus summary compensation table value of OPTION awards			plus pay versus performance value of equity awards			equals compensation actually paid

PEO
2023		$	1,559,720		$	599,972		$	199,969		$	732,371		$	1,492,150
2022		$	4,554,904		$	3,070,948		$	197,522		$	1,838,988		$	3,125,422
2021		$	1,298,669		$	249,995		$	251,514		$	899,611		$	1,696,771

Average Non-PEO
2023		$	935,240		$	407,486		$	144,982		$	505,116		$	887,887
2022		$	1,198,786		$	496,829		$	142,071		$	308,858		$	868,745
2021		$	700,640		$	112,479		$	113,176		$	372,310		$	847,295

•

Summary Compensation Table Value of Equity Awards includes the total grant date fair value of equity awards reported in the Stock Awards and Option Awards columns in the Summary Compensation Table.

•

Pay Versus Performance Value of Equity Awards includes the following:

For awards granted in the applicable year, the fair value:

•

year-end

for awards that are outstanding and unvested

•

As of the vesting date for awards that vest in the applicable year

For awards granted in prior years, the change in fair value:

•

From the beginning of the year to the end of the year for awards that remain outstanding and unvested

•

From the beginning of the year to the vesting date for awards that vest in the applicable year

•

From the beginning of the year to zero for awards that fail to vest

•

Fair values as of each measurement date were determined in accordance with ASC 718 as follows:

Stock awards are valued based on the stock price on the relevant valuation date. Performance share awards are also adjusted to reflect the probable outcome of the performance conditions.

See Note 10 in our financial statements in the Form

10-K

for the year ended March 25, 2023, as filed with the SEC for additional details on the valuation assumptions used at grant.

The following table shows the amounts included in the Pay Versus Performance Value of Equity Awards.


	Year end fair value of equity awards granted during applicable year			change in FV as of year end of any prior year awards that remain unvested at year end				change in fair value as of the vesting date of any prior year awards that vested during applicable year				Fair value of awards as of vesting date that were granted and vested during the year			subtract the FV as of the prior FY for awards that did not vest (failed to vest)				add the amount of dividend or other earnings paid on stock or option awards PRIOR to vesting that are not otherwise included in total comp for the FY		Pay versus Performance Value of Equity awards

PEO
2023		$	907,693		$	(189,535	)		$	14,212							—			—		$	732,371
2022		$	1,862,284		$	(12,247	)		$	(11,049	)						—			—		$	1,838,988
2021			—		$	(187,054	)		$	1,086,666							—			—		$	899,611

Average Non-PEO
2023		$	556,967		$	(48,565	)		$	(9,681	)		$	52,033		$	(45,638	)		—		$	505,116
2022		$	451,506		$	(129,122	)		$	(13,526	)						—			—		$	308,858
2021		$	321,691		$	26,898			$	23,720							—			—		$	372,310

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

1. CA

P versus TSR

As shown in the chart below, the PEO and other NEO CAP amounts are aligned with the Company’s TSR. This is due primarily to the Company’s use of equity incentives, which are tied directly to stock price in addition to the Company’s financial performance. The Fiscal Year 2022 PEO CAP is higher primarily due to the equity awards granted to the Company’s new CEO in that year.

Compensation Actually Paid vs. Net Income [Text Block]

2. CAP versus Net Income

As shown in the chart below, the Company’s net income has fluctuated each year while the NEO CAP has not varied significantly, primarily due to the significant emphasis the Company places on equity incentives. The PEO CAP did increase significantly in Fiscal Year 2022, primarily due to the equity awards granted to the Company’s new CEO. In addition, when determining incentive plan payouts, the Company does use pre-tax income which closely correlates to net income.

Compensation Actually Paid vs. Company Selected Measure [Text Block]

3. C

AP versus Revenue

As shown in the chart below, the Company’s revenue trend has been in line with the NEO CAP each year. The PEO CAP did increase significantly in Fiscal Year 2022, primarily due to the equity awards granted to the Company’s new CEO. In addition, the Company does use comparable store sales increases when determining incentive plan payouts.

Total Shareholder Return Vs Peer Group [Text Block]

1. CA

P versus TSR

Tabular List [Table Text Block]

Financial Performance Measures

As discussed in the CD&A above, our executive compensation program and compensation decisions reflect the guiding principle of aligning long-term performance with stockholder interests. The metrics used within our incentive plans are selected to support these objectives. The most important financial performance measures used by the Company during the most recently completed fiscal year include:

•

Revenue

•

Pre-Tax Net Income

•

Pre-tax Return on Invested Capital

Total Shareholder Return Amount

$ 130

114

168

Peer Group Total Shareholder Return Amount

188