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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Jun. 26, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Award Activity

The Company achieved 64% of the target level for the performance-based restricted stock units granted in the fiscal year ended March 30, 2019 and as a result, issued 19 shares of common stock to executive officers and certain key employees during the first quarter of fiscal year 2022. The following table summarizes the non-vested restricted stock units outstanding as of June 26, 2021 (in thousands, except per unit data):

 

 

Total

Grant Date

Estimated

Number

Fair

Level of

Date

Measurement

of Units

Value

Achievement at

Granted

Period

Outstanding

Per Unit

June 26, 2021

October 2018

October 2018 – September 2027

8

$

20.81

Time Vested

March 2019

April 2019 – March 2022

21

$

23.50

70% of target level

March 2019

April 2019 – March 2022

21

$

23.50

Time Vested

August 2019

August 2019 – July 2020

1

$

23.00

Time Vested

March 2020

April 2020 – March 2023

2

$

26.25

Time Vested

July 2020

July 2020 – July 2023

38

$

27.08

Time Vested

September 2020

September 2020 – September 2021

12

$

28.52

Time Vested

September 2020

September 2020 – July 2023

4

$

28.54

Time Vested

September 2020

September 2020 – July 2023

5

$

29.76

Time Vested

September 2020

September 2020 – September 2023

3

$

29.76

Time Vested

January 2021

January 2021 – January 2024

2

$

34.62

Time Vested

May 2021

May 2021 – January 2024

1

$

54.21

Time Vested

June 2021

June 2021 – May 2024

13

$

53.17

100% of target level

June 2021

June 2021 – May 2024

13

$

53.17

Time Vested

Schedule of Stock Options Activity

10


Table of Contents

The following table summarizes the Company’s options as of and for the first quarter ended June 26, 2021 (in thousands, except per share data and years):

Weighted

Weighted Average

Average Remaining

Number

Exercise

Contractual

Aggregate

of

Price Per

Term (in

Intrinsic

Shares

Share

years)

Value

Outstanding as of March 27, 2021

125

$

15.47

Granted

25

$

42.57

Exercised

(50

)

$

12.00

Forfeited

5

24.30

Outstanding as of June 26, 2021

95

$

23.96

4

$

3,196

Exercisable as of June 26, 2021

37

$

11.35

1

$

1,659