v3.24.1.1.u2
Share-based payments (Tables)
12 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangements [Abstract]  
Schedule of Stock Option, RSU and PSU Transactions
Stock option transactions are as follows:
Year ended
March 31,
2024
April 2,
2023
Weighted average exercise priceNumber of sharesWeighted average exercise priceNumber of shares
Options outstanding, beginning of period$36.58 4,055,199$42.99 2,722,690
Granted to purchase shares$19.77 1,278,211$24.63 1,580,506
Exercised$1.61 (64,058)$0.23 (60,248)
Cancelled$28.83 (660,575)$40.66 (187,749)
Options outstanding, end of period$33.51 4,608,777$36.58 4,055,199
RSUs transactions are as follows:
Year ended
March 31,
2024
April 2,
2023
Number of sharesNumber of shares
RSUs outstanding, beginning of period318,082 215,590 
Granted438,814 209,187 
Settled(134,475)(87,034)
Cancelled(141,903)(19,661)
RSUs outstanding, end of period480,518318,082
PSUs transactions are as follows:
Year ended
March 31,
2024
April 2,
2023
Number of sharesNumber of shares
PSUs outstanding, beginning of period— — 
Granted399,349 — 
Cancelled(56,424)— 
PSUs outstanding, end of period342,925—
Schedule of Stock Options Outstanding and Exercisable
The following table summarizes information about stock options outstanding and exercisable at March 31, 2024:
    Options Outstanding   Options Exercisable
Exercise price Number Weighted average remaining life in years Number Weighted average remaining life in years
$0.0215,434 0.015,434 0.0
$1.7944,307 0.844,307 0.8
$8.94122,221 2.8122,221 2.8
$14.292,565 9.6— 0.0
$16.21519,884 9.9— 0.0
$22.24611,798 9.1— 0.0
$23.6442,576 3.442,576 3.4
$23.7712,285 8.23,072 8.2
$24.641,169,619 7.9322,809 7.2
$30.7348,730 3.048,730 3.0
$31.7935,622 3.635,622 3.6
$33.97635,096 5.8462,427 5.6
$45.3433,708 4.033,708 4.0
$48.93541,197 6.9284,064 6.6
$50.00250,000 6.2187,500 6.2
$63.03359,157 4.8359,157 4.8
$83.53164,578 3.8164,578 3.8
4,608,7777.02,126,2055.3
Schedule of Assumptions Used to Measure Fair Value of Options Granted
The assumptions used to measure the fair value of options granted under the Black-Scholes option pricing model at the grant date were as follows:
Year ended
March 31,
2024
April 2,
2023
Weighted average stock price valuation$19.77 $24.63 
Weighted average exercise price$19.77 $24.63 
Risk-free interest rate4.09 %2.52 %
Expected life in years5.45.0
Expected dividend yield— %— %
Volatility40 %40 %
Weighted average fair value of options issued$6.82 $7.86