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Leases (Tables)
12 Months Ended
Apr. 01, 2023
Leases [Abstract]  
Summary of Lease Expense Included in Consolidated Statement of Operations Lease expense included in selling, general, and administrative expenses in the accompanying consolidated statement of operations is shown below:

 

 

Year ended

 

(Dollars in thousands)

 

April 1,
2023

 

 

April 2,
2022

 

Operating lease expense

 

$

7,237

 

 

$

6,621

 

Short-term lease expense

 

 

2,543

 

 

 

1,197

 

Total lease expense

 

$

9,780

 

 

$

7,818

 

Schedule of Operating Lease Assets Included in Consolidated Balance Sheet Operating lease assets and obligations included in the accompanying consolidated balance sheet are shown below:

(Dollars in thousands)

 

April 1,
2023

 

 

April 2,
2022

 

Right-of-use assets under operating leases:

 

 

 

 

 

 

Other long-term assets

 

$

30,290

 

 

$

11,171

 

Lease obligations under operating leases:

 

 

 

 

 

 

Other current liabilities

 

 

6,917

 

 

 

4,618

 

Other long-term liabilities

 

 

23,373

 

 

 

6,553

 

Total lease obligation

 

$

30,290

 

 

$

11,171

 


Summary of Maturities of Lease Obligations Maturities of operating lease obligations as of April 1, 2023 are shown below:

(Dollars in thousands)

 

April 1,
2023

 

Fiscal 2024

 

$

8,675

 

Fiscal 2025

 

 

8,018

 

Fiscal 2026

 

 

7,093

 

Fiscal 2027

 

 

6,586

 

Fiscal 2028

 

 

4,052

 

Thereafter

 

 

1,292

 

Total undiscounted cash flows

 

 

35,716

 

Less: imputed interest

 

 

(5,426

)

Lease obligations under operating leases

 

$

30,290

 


Schedule of Weighted Average Remaining Lease Term and Discount Rate The weighted average lease term and discount rate for operating leases are shown below:

 

 

April 1,
2023

 

Weighted average remaining lease term (in years)

 

 

4.8

 

Weighted average discount rate (as percent)

 

 

6.7

 


Schedule of Other Information Related to Leases Other information related to leases is as follows:

 

 

Year ended

 

(Dollars in thousands)

 

April 1,
2023

 

 

April 2,
2022

 

Non-cash activity:

 

 

 

 

 

 

Right-of-use assets obtained in exchange for operating lease obligations

 

$

19,908

 

 

$

4,817

 

Operating cash flows:

 

 

 

 

 

 

Cash paid related to operating lease obligations

 

$

7,305

 

 

$

6,643