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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Mar. 30, 2024
Mar. 25, 2023
Mar. 26, 2022
Mar. 27, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table sets forth the compensation for our principal executive officer (the “PEO”) and the average compensation 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 2024, 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
)  
 
Company
TSR
  
Peer
Group TSR
2024
     $ 1,652,413     $ 619,403     $ 1,031,908     $ 300,737       86       258     $ 37,571     $ 1,276,789
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 and C as our PEOs for fiscal years 2021 through 2024:
 
Executive Name
   
2021
   
2022
   
2023
   
2024 
M. Broderick
     
 
 
 
        X        X        X
B. Ponton
        X     
 
 
 
     
 
 
 
     
 
 
 
R. Mellor
        X        X     
 
 
 
     
 
 
 
The following table shows the executives who were included in columns D and E as our
non-PEO
NEOs for fiscal years 2021 through 2024:
 
Executive Name
   
2021
   
2022
   
2023
   
2024 
B. D’Ambrosia
        X        X        X        X
M. Mulholland
        X        X        X        X
M. Henson
     
 
 
 
        X        X        X
R. Rajkowski
        X        X        X     
 
 
 
D. Tripoli
        X     
 
 
 
        X     
 
 
 
C. Donovan
     
 
 
 
     
 
 
 
     
 
 
 
        X
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
     
 
 
 
     
 
 
 
     
 
 
 
     
 
 
 
    
 
 
 
2024
      $ 1,652,413      $ 600,005      $ 245,588      ($ 187,417 )     $ 619,403 
Average
Non-PEO
     
 
 
 
     
 
 
 
     
 
 
 
     
 
 
 
    
 
 
 
2024
      $ 1,031,908      $ 389,579      $ 128,318      ($ 213,274 )     $ 300,737 
 
  •  
Summary Compensation Table Value of Stock Awards and Option 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:
 
  •  
At
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 30, 2024, 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
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
     
 
 
 
    
 
 
 
     
 
 
 
2024
     $ 670,220     $ (746,594 )     $ (55,043 )       —      $ (56,000 )       —      $ (187,417 ) 
Average
Non-PEO
 
    
 
 
 
    
 
 
 
    
 
 
 
     
 
 
 
    
 
 
 
     
 
 
 
2024
     $ 297,884     $ (422,104 )     $ (107,328 )       46,800      $ (28,526 )       —      $ (213,274 ) 
     
Company Selected Measure Name Revenue      
Named Executive Officers, Footnote
The following table shows the executives who were included in columns B and C as our PEOs for fiscal years 2021 through 2024:
 
Executive Name
   
2021
   
2022
   
2023
   
2024 
M. Broderick
     
 
 
 
        X        X        X
B. Ponton
        X     
 
 
 
     
 
 
 
     
 
 
 
R. Mellor
        X        X     
 
 
 
     
 
 
 
The following table shows the executives who were included in columns D and E as our
non-PEO
NEOs for fiscal years 2021 through 2024:
 
Executive Name
   
2021
   
2022
   
2023
   
2024 
B. D’Ambrosia
        X        X        X        X
M. Mulholland
        X        X        X        X
M. Henson
     
 
 
 
        X        X        X
R. Rajkowski
        X        X        X     
 
 
 
D. Tripoli
        X     
 
 
 
        X     
 
 
 
C. Donovan
     
 
 
 
     
 
 
 
     
 
 
 
        X
     
Peer Group Issuers, Footnote 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 $ 1,652,413 $ 1,559,720 $ 4,554,904 $ 1,298,669
PEO Actually Paid Compensation Amount $ 619,403 1,492,150 3,125,422 1,696,771
Adjustment To PEO Compensation, Footnote
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
     
 
 
 
     
 
 
 
     
 
 
 
     
 
 
 
    
 
 
 
2024
      $ 1,652,413      $ 600,005      $ 245,588      ($ 187,417 )     $ 619,403 
Average
Non-PEO
     
 
 
 
     
 
 
 
     
 
 
 
     
 
 
 
    
 
 
 
2024
      $ 1,031,908      $ 389,579      $ 128,318      ($ 213,274 )     $ 300,737 
 
  •  
Summary Compensation Table Value of Stock Awards and Option 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:
 
  •  
At
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 30, 2024, 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
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
     
 
 
 
    
 
 
 
     
 
 
 
2024
     $ 670,220     $ (746,594 )     $ (55,043 )       —      $ (56,000 )       —      $ (187,417 ) 
Average
Non-PEO
 
    
 
 
 
    
 
 
 
    
 
 
 
     
 
 
 
    
 
 
 
     
 
 
 
2024
     $ 297,884     $ (422,104 )     $ (107,328 )       46,800      $ (28,526 )       —      $ (213,274 ) 
     
Non-PEO NEO Average Total Compensation Amount $ 1,031,908 935,240 1,198,786 700,640
Non-PEO NEO Average Compensation Actually Paid Amount $ 300,737 887,887 868,745 847,295
Adjustment to Non-PEO NEO Compensation Footnote
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
     
 
 
 
     
 
 
 
     
 
 
 
     
 
 
 
    
 
 
 
2024
      $ 1,652,413      $ 600,005      $ 245,588      ($ 187,417 )     $ 619,403 
Average
Non-PEO
     
 
 
 
     
 
 
 
     
 
 
 
     
 
 
 
    
 
 
 
2024
      $ 1,031,908      $ 389,579      $ 128,318      ($ 213,274 )     $ 300,737 
 
  •  
Summary Compensation Table Value of Stock Awards and Option 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:
 
  •  
At
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 30, 2024, 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
    
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
     
 
 
 
    
 
 
 
     
 
 
 
2024
     $ 670,220     $ (746,594 )     $ (55,043 )       —      $ (56,000 )       —      $ (187,417 ) 
Average
Non-PEO
 
    
 
 
 
    
 
 
 
    
 
 
 
     
 
 
 
    
 
 
 
     
 
 
 
2024
     $ 297,884     $ (422,104 )     $ (107,328 )       46,800      $ (28,526 )       —      $ (213,274 ) 
     
Compensation Actually Paid vs. Total Shareholder Return
CAP 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.
 
 
LOGO
 
      
Compensation Actually Paid vs. Net Income
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.
The PEO and non-PEO CAP decreased more than net income from Fiscal Year 2023 to Fiscal 2024 because of a decrease in the Company’s stock price during Fiscal 2024. In addition, when determining incentive plan payouts, the Company does use
pre-tax
income which closely correlates to net income.
 
 
LOGO
     
Compensation Actually Paid vs. Company Selected Measure
CAP 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. The PEO and non-PEO CAP decreased more than revenue from Fiscal Year 2023 to Fiscal 2024 because of a decrease in the Company’s stock price during Fiscal 2024. In addition, the Company does use comparable store sales increases when determining incentive plan payouts, which is closely tied to revenue.
 
 
LOGO
     
Total Shareholder Return Vs Peer Group
CAP 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.
 
 
LOGO
 
      
Tabular List, Table
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 shareholder 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 $ 86 130 114 168
Peer Group Total Shareholder Return Amount 258 188 194 188
Net Income (Loss) $ 37,571,000 $ 39,048,000 $ 61,568,000 $ 34,319,000
Company Selected Measure Amount 1,276,789,000 1,325,382,000 1,359,328,000 1,125,721,000
Measure:: 1        
Pay vs Performance Disclosure        
Name Revenue      
Measure:: 2        
Pay vs Performance Disclosure        
Name Pre-Tax Net Income      
Measure:: 3        
Pay vs Performance Disclosure        
Name Pre-tax Return on Invested Capital      
M. Broderick [Member]        
Pay vs Performance Disclosure        
PEO Name M. Broderick      
B. Ponton [Member]        
Pay vs Performance Disclosure        
PEO Name B. Ponton      
R. Mellor [Member]        
Pay vs Performance Disclosure        
PEO Name R. Mellor      
PEO | STOCK awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 600,005      
PEO | OPTION awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 245,588      
PEO | Equity awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (187,417)      
PEO | Year end fair value of equity awards granted during applicable year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 670,220      
PEO | change in FV as of year end of any prior year awards that remain unvested at year end [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (746,594)      
PEO | change in fair value as of the vesting date of any prior year awards that vested during applicable year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (55,043)      
PEO | FV as of the prior FY for awards that did not vest (failed to vest) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (56,000)      
Non-PEO NEO | STOCK awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 389,579      
Non-PEO NEO | OPTION awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 128,318      
Non-PEO NEO | Equity awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (213,274)      
Non-PEO NEO | Year end fair value of equity awards granted during applicable year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 297,884      
Non-PEO NEO | change in FV as of year end of any prior year awards that remain unvested at year end [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (422,104)      
Non-PEO NEO | change in fair value as of the vesting date of any prior year awards that vested during applicable year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (107,328)      
Non-PEO NEO | Fair value of awards as of vesting date that were granted and vested during the year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 46,800      
Non-PEO NEO | FV as of the prior FY for awards that did not vest (failed to vest) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (28,526)