Leases (Tables)
|
12 Months Ended |
Apr. 01, 2017 |
|---|
| Leases |
|
| Schedule of non-cancelable future minimum rental payments under operating leases |
The following is a schedule by year of non‑cancelable future minimum rental payments under operating leases as of April 1, 2017 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Related
|
|
All
|
|
|
|
|
|
|
|
party(1)
|
|
other
|
|
Total
|
|
|
2018
|
|
$
|
101
|
|
$
|
33,744
|
|
$
|
33,845
|
|
|
2019
|
|
|
—
|
|
|
30,184
|
|
|
30,184
|
|
|
2020
|
|
|
—
|
|
|
26,619
|
|
|
26,619
|
|
|
2021
|
|
|
—
|
|
|
25,314
|
|
|
25,314
|
|
|
2022
|
|
|
—
|
|
|
21,276
|
|
|
21,276
|
|
|
Thereafter
|
|
|
—
|
|
|
50,702
|
|
|
50,702
|
|
|
Total
|
|
$
|
101
|
|
$
|
187,839
|
|
$
|
187,940
|
|
|
(1)
| |
See Note 14 “Related Party Transactions”. |
|
| Schedule of future minimum capital lease payments |
As of April 1, 2017, future minimum capital lease and financing transaction payments are as follows:
|
|
|
|
|
|
|
Fiscal Year
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
2018
|
|
$
|
1,273
|
|
|
2019
|
|
|
1,296
|
|
|
2020
|
|
|
1,307
|
|
|
2021
|
|
|
1,331
|
|
|
2022
|
|
|
1,356
|
|
|
Thereafter
|
|
|
6,857
|
|
|
Total
|
|
|
13,420
|
|
|
Less: Imputed interest
|
|
|
(5,148)
|
|
|
Present value of capital leases and financing transaction
|
|
|
8,272
|
|
|
Less: Current capital leases and financing transaction
|
|
|
(447)
|
|
|
Noncurrent capital leases and financing transaction
|
|
$
|
7,825
|
|
|
| Schedule of capital leases included in property and equipment |
The net property and equipment involved in the Company’s capital leases and financing transaction are included in property and equipment as follows:
|
|
|
|
|
|
|
|
|
|
|
|
April 1,
|
|
March 26,
|
|
|
|
|
2017
|
|
2016
|
|
|
(in thousands)
|
|
|
|
|
Buildings
|
|
$
|
7,588
|
|
$
|
7,588
|
|
|
Land
|
|
|
2,530
|
|
|
2,530
|
|
|
Site Improvements
|
|
|
410
|
|
|
410
|
|
|
Equipment
|
|
|
63
|
|
|
63
|
|
|
Property and equipment, gross
|
|
|
10,591
|
|
|
10,591
|
|
|
Less: accumulated depreciation
|
|
|
(1,272)
|
|
|
(551)
|
|
|
Property and equipment, net
|
|
$
|
9,319
|
|
$
|
10,040
|
|
|
| Schedule of long-term lease liabilities |
Other liabilities, which relate to long‑term lease liabilities, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
April 1,
|
|
March 26,
|
|
|
(in thousands)
|
|
2017
|
|
2016
|
|
|
Above-market leases
|
|
$
|
9
|
|
$
|
45
|
|
|
Long-term deferred rent
|
|
|
13,591
|
|
|
8,418
|
|
|
Capital lease residual value
|
|
|
3,968
|
|
|
3,968
|
|
|
Total other liabilities
|
|
$
|
17,568
|
|
$
|
12,431
|
|
|