Leases (Tables)
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3 Months Ended |
Jun. 27, 2026 |
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| Leases |
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| Schedule of ROU assets and liabilities |
ROU assets and lease liabilities as of June 27, 2026 and March 28, 2026 consisted of the following: | | | | | | | | | | | | | June 27, 2026 | | March 28, 2026 | | | Balance Sheet Classification | | (in thousands) | | (in thousands) | Assets | | | | | | | | | Finance lease assets | | Right-of-use assets, net | | $ | 6,855 | | $ | 7,042 | Operating lease assets | | Right-of-use assets, net | | | 660,396 | | | 631,383 | Total lease assets | | | | $ | 667,251 | | $ | 638,425 | | | | | | | | | | Liabilities | | | | | | | | | Current | | | | | | | | | Finance | | Short-term lease liabilities | | $ | 1,048 | | $ | 1,027 | Operating | | Short-term lease liabilities | | | 87,509 | | | 88,716 | Total short-term lease liabilities | | | | $ | 88,557 | | $ | 89,743 | | | | | | | | | | Non-Current | | | | | | | | | Finance | | Long-term lease liabilities | | $ | 12,184 | | $ | 12,453 | Operating | | Long-term lease liabilities | | | 705,308 | | | 671,284 | Total long-term lease liabilities | | | | $ | 717,492 | | $ | 683,737 | Total lease liabilities | | | | $ | 806,049 | | $ | 773,480 |
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| Schedule of total lease cost |
Total lease costs for the thirteen weeks ended June 27, 2026 and June 28, 2025 were: | | | | | | | | | Thirteen Weeks Ended | (in thousands) | | June 27, 2026 | | June 28, 2025 | Finance lease cost | | | | | | | Amortization of right-of-use assets | | $ | 187 | | $ | 187 | Interest on lease liabilities | | | 142 | | | 152 | Total finance lease cost | | $ | 329 | | $ | 339 | | | | | | | | Operating lease cost | | $ | 32,640 | | $ | 25,136 | Short-term lease cost | | | 1,078 | | | 1,083 | Variable lease cost | | | 10,542 | | | 8,562 | Total lease cost | | $ | 44,589 | | $ | 35,120 |
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| Schedule of future operating lease payments |
The following table summarizes future lease payments as of June 27, 2026: | | | | | | | | | Operating Leases | | Finance Leases | Fiscal Year | | (in thousands) | | (in thousands) | 2027 (Remainder) | | $ | 70,842 | | | 1,200 | 2028 | | | 140,456 | | | 1,629 | 2029 | | | 134,132 | | | 1,669 | 2030 | | | 126,137 | | | 1,709 | 2031 | | | 117,540 | | | 1,751 | Thereafter | | | 402,383 | | | 7,766 | Total | | | 991,490 | | | 15,724 | Less: Imputed interest | | | (198,673) | | | (2,492) | Present value of net lease payments | | $ | 792,817 | | $ | 13,232 |
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| Schedule of future finance lease payments |
The following table summarizes future lease payments as of June 27, 2026: | | | | | | | | | Operating Leases | | Finance Leases | Fiscal Year | | (in thousands) | | (in thousands) | 2027 (Remainder) | | $ | 70,842 | | | 1,200 | 2028 | | | 140,456 | | | 1,629 | 2029 | | | 134,132 | | | 1,669 | 2030 | | | 126,137 | | | 1,709 | 2031 | | | 117,540 | | | 1,751 | Thereafter | | | 402,383 | | | 7,766 | Total | | | 991,490 | | | 15,724 | Less: Imputed interest | | | (198,673) | | | (2,492) | Present value of net lease payments | | $ | 792,817 | | $ | 13,232 |
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| Schedule of supplemental lease information |
The following table includes supplemental lease information: | | | | | | | | | | | Thirteen Weeks Ended | | Supplemental Cash Flow Information (dollars in thousands) | | June 27, 2026 | | | June 28, 2025 | | Cash paid for amounts included in the measurement of lease liabilities | | | | | | | | | Operating cash flows used for operating leases | | $ | 39,893 | | | $ | 30,444 | | Operating cash flows used for finance leases | | | 140 | | | | 150 | | Financing cash flows used for finance leases | | | 251 | | | | 231 | | | | $ | 40,284 | | | $ | 30,825 | | Lease liabilities arising from new right-of-use assets | | | | | | | | | Operating leases | | $ | 51,092 | | | $ | 40,239 | | Finance leases | | $ | — | | | $ | — | | | | | | | | | | | Weighted average remaining lease term (in years) | | | | | | | | | Operating leases | | | 7.9 | | | | 7.8 | | Finance leases | | | 9.2 | | | | 10.2 | | | | | | | | | | | Weighted average discount rate | | | | | | | | | Operating leases | | | 5.4 | % | | | 5.2 | % | Finance leases | | | 10.9 | % | | | 10.9 | % |
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