Birks (BGI) 20-F 22 Jun 23 2023 FY Annual report (foreign) Financial data

Cover Page

Cover Page	12 Months Ended
	Mar. 25, 2023 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Mar. 25, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Trading Symbol	BGI
Entity Registrant Name	BIRKS GROUP INC.
Entity Central Index Key	0001179821
Current Fiscal Year End Date	--03-25
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Class A Voting Shares
Security Exchange Name	NYSE
Entity Address, Country	CA
ICFR Auditor Attestation Flag	false
Entity File Number	001-32635
Entity Incorporation, State or Country Code	Z4
Entity Address, Address Line One	2020 Robert-Bourassa Blvd.
Entity Address, City or Town	Montreal Québec
Entity Address, Postal Zip Code	H3A 2A5
Document Registration Statement	false
Document Accounting Standard	U.S. GAAP
Auditor Name	KPMG LLP
Auditor Firm ID	85
Auditor Location	Montreal, QC, Canada
Business Contact [Member]
Document Information [Line Items]
Entity Address, Country	CA
Entity Address, Address Line One	2020 Robert-Bourassa Blvd.
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Montreal Québec
Entity Address, Postal Zip Code	H3A 2A5
City Area Code	514
Local Phone Number	397-2592
Contact Personnel Name	Katia Fontana
Contact Personnel Fax Number	514-397-2537
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	11,112,999
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	7,717,970
Series A Preferred Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Current assets:
Cash and cash equivalents	$ 1,262	$ 2,013
Accounts receivable and other receivables	11,377	8,037
Inventories	88,357	78,907
Prepaids and other current assets	2,694	1,822
Total current assets	103,690	90,779
Long-term receivables	2,000	5,599
Equity investment in joint venture	1,957	0
Property and equipment	26,837	22,781
Operating lease right-of-use asset	55,498	58,071
Intangible assets and other assets	6,999	6,031
Total non-current assets	93,291	92,482
Total assets	196,981	183,261
Current liabilities:
Bank indebtedness	57,890	43,157
Accounts payable	37,645	28,291
Accrued liabilities	7,631	8,340
Current portion of long-term debt	2,133	2,129
Current portion of operating lease liabilities	6,758	6,963
Total current liabilities	112,057	88,880
Long-term debt	22,180	21,371
Long-term portion of operating lease liabilities	62,989	66,757
Other long-term liabilities	358	389
Total long-term liabilities	85,527	88,517
Stockholders' equity (deficiency):
Common stock	96,774	95,638
Preferred stock – no par value, unlimited shares authorized, none issued
Additional paid-in capital	23,504	23,669
Accumulated deficit	(120,845)	(113,413)
Accumulated other comprehensive loss	(36)	(30)
Total stockholders' equity (deficiency)	(603)	5,864
Total liabilities and stockholders' equity (deficiency)	196,981	183,261
Class A Common Stock [Member]
Stockholders' equity (deficiency):
Common stock	39,019	37,883
Class B Common Stock [Member]
Stockholders' equity (deficiency):
Common stock	$ 57,755	$ 57,755

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 25, 2023	Mar. 26, 2022
Statement [Line Items]
Common stock, shares outstanding	18,830,969	18,513,413
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares issued	0	0
Class A Common Stock [Member]
Statement [Line Items]
Common stock, par value	$ 0	$ 0
Common stock, shares issued	11,112,999	10,795,443
Common stock, shares outstanding	11,112,999	10,795,443
Class B Common Stock [Member]
Statement [Line Items]
Common stock, par value	$ 0	$ 0
Common stock, shares issued	7,717,970	7,717,970
Common stock, shares outstanding	7,717,970	7,717,970

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Income Statement [Abstract]
Net sales	$ 162,950	$ 181,342	$ 143,068
Cost of sales	94,990	105,122	86,718
Gross profit	67,960	76,220	56,350
Selling, general and administrative expenses	66,095	65,942	53,713
Depreciation and amortization	5,673	5,809	5,458
Total operating expenses	71,768	71,751	59,171
Operating (loss) income	(3,808)	4,469	(2,821)
Interest and other financial costs	5,581	3,182	3,017
(Loss) income before taxes and equity in earnings of joint venture	(9,389)	1,287	(5,838)
Income taxes (benefits)	0	0	0
Equity in earnings of joint venture, net of taxes of $0.7 million	1,957
Net (loss) income, net of tax	$ (7,432)	$ 1,287	$ (5,838)
Weighted average common shares outstanding:
Basic	18,692	18,346	18,005
Diluted	18,692	18,794	18,005
Net income (loss) per common share:
Basic	$ (0.4)	$ 0.07	$ (0.32)
Diluted	(0.4)	0.07	(0.32)
Net income (loss) from continuing operations per common share:
Basic	(0.4)	0.07	(0.32)
Diluted	$ (0.4)	$ 0.07	$ (0.32)

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) $ in Millions	12 Months Ended
	Mar. 25, 2023 USD ($)
Income Statement [Abstract]
Equity method investments tax component of income loss from equity method investments	$ 0.7

Consolidated Statements of Othe

Consolidated Statements of Other Comprehensive Income (loss) - USD ($) $ in Thousands		12 Months Ended
		Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income		$ (7,432)	$ 1,287	$ (5,838)
Other comprehensive (loss) income: Foreign currency translation adjustments	[1],[2]	(6)	67	130
Total other comprehensive (loss) income		$ (7,438)	$ 1,354	$ (5,708)
[1]Item that may be reclassified to the Statement of Operations in future periods[2]The change in cumulative translation adjustments is not due to reclassifications out of accumulated other comprehensive income (loss).

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (deficiency) - USD ($)		12 Months Ended
		Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021	Mar. 27, 2021
Statement [Line Items]
Beginning Balance		$ 5,864,000	$ (1,422,000)	$ 3,410,000
Beginning Balance, Shares		18,513,413	18,328,943
Net income/loss		$ (7,432,000)	$ 1,287,000	(5,838,000)
Cumulative translation adjustment	[1],[2]	(6,000)	67,000	130,000
Total other comprehensive (loss) income		$ (7,438,000)	$ 1,354,000	(5,708,000)
Exercise of stock options				876,000
Exercise of stock options, Shares		225,000	138,147		226,853
Modification of certain awards from cash settled to equity settled			$ 5,495,000
Exercise of stock options and warrants		$ 422,000	174,000
Ending Balance		$ (603,000)	$ 5,864,000	$ (1,422,000)	$ (1,422,000)
Ending Balance, Shares		18,830,969	18,513,413	18,328,943	18,328,943
Management [Member]
Statement [Line Items]
Compensation expense resulting from stock options and stock appreciation rights granted to Management		$ 549,000	$ 263,000
Voting Common Stock Outstanding [Member]
Statement [Line Items]
Beginning Balance, Shares		18,515,913	18,328,943	17,970,881
Exercise of stock options, Shares				358,062
Exercise of stock options and warrants, Shares		315,056	186,970
Ending Balance, Shares		18,830,969	18,515,913	18,328,943	18,328,943
Voting Common Stock [Member]
Statement [Line Items]
Beginning Balance		$ 95,638,000	$ 95,116,000	$ 93,368,000
Exercise of stock options				1,748,000
Exercise of stock options and warrants		1,136,000	522,000
Ending Balance		96,774,000	95,638,000	95,116,000	$ 95,116,000
Additional Paid-in Capital [Member]
Statement [Line Items]
Beginning Balance		23,669,000	18,259,000	19,131,000
Exercise of stock options				(872,000)
Modification of certain awards from cash settled to equity settled			5,495,000
Exercise of stock options and warrants		(714,000)	(348,000)
Ending Balance		23,504,000	23,669,000	18,259,000	18,259,000
Additional Paid-in Capital [Member] | Management [Member]
Statement [Line Items]
Compensation expense resulting from stock options and stock appreciation rights granted to Management		549,000	263,000
Accumulated Deficit [Member]
Statement [Line Items]
Beginning Balance		(113,413,000)	(114,700,000)	(108,862,000)
Net income/loss		(7,432,000)	1,287,000	(5,838)
Ending Balance		(120,845,000)	(113,413,000)	(114,700,000)	(114,700,000)
Accumulated Other Comprehensive Income (Loss) [Member]
Statement [Line Items]
Beginning Balance		(30,000)	(97,000)	(227,000)
Cumulative translation adjustment	[2]	(6,000)	67,000	130,000
Ending Balance		$ (36,000)	$ (30,000)	$ (97,000)	$ (97,000)
[1]Item that may be reclassified to the Statement of Operations in future periods[2]The change in cumulative translation adjustments is not due to reclassifications out of accumulated other comprehensive income (loss).

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Cash flows from (used in) operating activities:
Net income (loss)	$ (7,432)	$ 1,287	$ (5,838)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization	5,673	5,809	5,458
Net change of operating lease right-of-use assets and liabilities	(1,544)	(702)	(816)
Leasehold inducements received	661	(464)	1,125
Operating lease modifications	0	0	(482)
Amortization of debt costs	190	250	282
Compensation expenses resulting from equity settled restricted stock units	549	88
Equity in earnings of joint venture	(1,957)
Other operating activities, net	232	359	(15)
(Increase) decrease in:
Accounts receivable, other receivables and long-term receivables	(260)	820	(1,298)
Inventories	(9,450)	18,882	(4,110)
Prepaids and other current assets	(872)	222	(37)
Increase (decrease) in:
Accounts payable	9,044	(9,663)	(10,636)
Accrued liabilities and other long-term liabilities	(1,759)	1,760	(6,424)
Net cash (used in) provided by operating activities	(6,925)	18,648	(1,723)
Cash flows (used in) provided by investing activities:
Additions to property and equipment	(8,378)	(4,612)	(2,976)
Additions to intangible assets and other assets	(1,036)	(1,199)	(16)
Net cash used in investing activities	(9,414)	(5,811)	(2,992)
Cash flows provided by (used in) financing activities:
Increase (decrease) in bank indebtedness	14,642	(10,017)	(4,820)
Increase in long-term debt	2,748	428	10,000
Repayment of long-term debt	(2,095)	(2,800)	0
Repayment of obligations under finance lease	(72)	0	(50)
Payment of loan origination fees and costs	(57)	(590)	(49)
Exercise of stock options and warrants	422	348	876
Net cash provided by (used in) financing activities	15,588	(12,631)	5,957
Net increase (decrease) in cash and cash equivalents	(751)	206	1,242
Cash and cash equivalents, beginning of year	2,013	1,807	565
Cash and cash equivalents, end of year	1,262	2,013	1,807
Supplemental disclosure of cash flow information:
Interest paid	5,087	3,470	3,818
Non-cash transactions:
Property and equipment additions acquired through capital leases		0	136
Property and equipment and intangible assets additions included in accounts payable and accrued liabilities	2,283	950	$ 977
Conversion of cash-settled RSUs and DSUs to equity settled awards	$ 0	$ 5,495

Basis of presentation

Basis of presentation	12 Months Ended
	Mar. 25, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	1. Basis of presentation: Throughout these consolidated financial statements, the Company refers to the fiscal year ending March 25, 2023, as fiscal 2023, and the fiscal years ended March 26, 2022, and March 27, 2021, as fiscal 2022 and 2021, respectively. Our fiscal year ends on the last Saturday in March of each year. The fiscal years ended March 25, 2023 and March 26, 2022 each consisted of 52 weeks, respectively. These consolidated financial statements, which include the accounts of Birks Group Inc. for all periods presented for the fiscal years ended March 25, 2023, March 26, 2022, and March 27, 2021, are reported in accordance with accounting principles generally accepted in the U.S. These principles require management to make certain estimates and assumptions that affect amounts reported and disclosed in the financial statements and related notes. The most significant estimates and judgments include the assessment of the going concern assumption, the valuation of inventories and, accounts receivable, deferred tax assets, and the recoverability of long-lived assets and right of use assets. Actual results could differ from these estimates. Periodically, the Company reviews all significant estimates and assumptions affecting the financial statements relative to current conditions and records the effect of any necessary adjustments. All significant intercompany accounts and transactions have been eliminated upon consolidation. The consolidated financial statements are presented in Canadian dollars, the Company’s functional and reporting currency. Future operations These financial statements have been prepared on a going concern basis in accordance with generally accepted accounting principles in the U.S. The going concern basis of presentation assumes that the Company will continue its operations for the foreseeable future and be able to realize its assets and discharge its liabilities and commitments in the normal course of business. The Company funds its operations primarily through committed financing under its senior secured credit facility and its senior secured term loan described in Note 6. The senior secured credit facility along with the senior secured term loan are used to finance working capital, finance capital expenditures, provide liquidity to fund the Company’s day-to-day operations and for other general corporate purposes. During fiscal 2023, the Company did not experience any government mandated closures or capacity restrictions at any of its retail stores as a result of COVID-19. During fiscal years 2020, 2021 and 2022, in accordance with guidelines of local government authorities and public health officials, the Company experienced intermittent government mandated closures of its retail stores as well as capacity restrictions. During fiscal 2022, seven of the Company’s ten Ontario stores were temporarily closed for an 11-week period between April 17, 2021 and June 30, 2021. In addition, the Company’s Toronto The current economic, business and retail climates have significantly changed since March 2020 and as such, the Company cannot predict the degree to, or the time period over which its sales and operations will continue to be affected by the pandemic as well as by certain macroeconomic factors including inflation, changes in interest rates and stock market volatility and their potential impacts on customer behavior and consumer spending. The Company believes recent general economic conditions, including rising inflation and interest rates, could lead to a slow-down in certain segments of the global economy and affect the amount of discretionary income spent by potential customers to purchase the Company’s products. If global economic and financial market conditions persist or worsen, the Company’s sales may decrease, and the Company’s financial condition and results of operations may be adversely affected. The Company continues to and expects to continue to operate through its senior secured credit facility. For fiscal 2023, the Company recorded a net loss of $7.4 million. The Company recorded net income of $1.3 million in fiscal 2022, and a net loss of $5.8 million for fiscal 2021. The Company used net cash flows from operations of $6.9 million in fiscal 2023, had net cash provided by operating activities of $18.6 million in fiscal 2022, and used net cash flows from operations of $1.7 million in fiscal 2021. The Company had a negative working capital (defined as current assets less current liabilities) as at March 25, 2023 and a positive working capital ratio as at March 26, 2022. On December 24, 2021, the Company entered into an amended and restated senior secured revolving credit facility (“Amended Credit Facility”) with Wells Fargo Capital Finance Corporation Canada and an amended and restated senior secured term loan (“Amended Term Loan”) with Crystal Financial LLC (dba SLR Credit Solutions). The Amended Credit Facility and Amended Term Loan extended the maturity date of the Company’s pre-existing loans from October 2022 to December 2026. On August 24, 2021, the Company entered into a new 10 year loan agreement with Investissement Québec, the sovereign fund of the province of Québec, for an amount of up to $4.3 million to be used specifically to finance the digital transformation of the Company through the implementation of an omni-channel e-commerce platform and enterprise resource planning system. As of March 25, 2023, the Company has $2.7 million outstanding on the loan. The term loan with Investissement Québec requires the Company on an annual basis to have a working capital ratio (defined as current assets divided by current liabilities excluding the current portion of operating lease liabilities) of at least 1.01 at the end of the Company’s fiscal year. As at March 25, 2023, the working capital ratio (defined as current assets divided by current liabilities excluding the current portion of operating lease liabilities) was 0.98. On June 8, 2023, the Company obtained a waiver from Investissement Québec with respect to the requirement to meet the working capital ratio at March 25, 2023. On July 8, 2020, the Company secured a new six year term loan with Investissement Québec, in the amount of $10.0 million, as amended. The secured term loan was used to fund the working capital needs of the Company, of which $6.8 million is outstanding at March 25, 2023. The term loan with Investissement Québec requires the Company on an annual basis to have a working capital ratio (defined as current assets divided by current liabilities excluding the current portion of operating lease liabilities) of at least 1.01. As at March 25, 2023, the working capital ratio (defined as current assets divided by current liabilities excluding the current portion of operating lease liabilities) was 0.98 On June 8, 2023, the Company obtained a waiver from Investissement Québec with respect to the requirement to meet the working capital ratio at March 25, 2023. There is no assurance the Company will meet its covenant at March 30, 2024 or future years, or that if not met, waivers would be available. If a waiver is not obtained, cross defaults with our Amended Credit Facility and our Amended Term Loan would arise. The Company’s ability to meet its cash flow requirements in order to fund its operations is dependent upon its ability to attain profitable operations, adhere to the terms of its committed financings, obtain favorable payment terms from suppliers as well as to maintain specified excess availability levels under its Amended Credit Facility and its Amended Term Loan. In addition to the covenant to adhere to a daily minimum excess availability of $8.5 million for not more than two consecutive business days once during any fiscal month under both its Amended Credit Facility and its Amended Term Loan, other loans have a covenant to adhere to a working capital ratio of 1.01 at the end of each year. In the event that excess availability falls below the minimum requirement, this would be considered an event of default under the Amended Credit Facility and under the Amended Term Loan, that would result in the outstanding balances borrowed under the Company’s Amended Credit facility and its Amended Term Loan becoming due immediately, which would also result in cross defaults on the Company’s other borrowings. Similarly, both the Company’s Amended Credit Facility and its Amended Term Loan are subject to cross default provisions with all other loans pursuant to which the Company is in default of any other loan, the Company will immediately be in default of both the Amended Credit Facility and the Amended Term Loan. The Company met its excess availability requirements as of and throughout the fiscal year ended March 25, 2023 and as of the date these financial statements were authorized for issuance. In addition, the Company expects to have excess availability of at least $8.5 million for at least the next twelve months from the date of issuance of these financial statements. The Company’s ability to make scheduled payments of principal, or to pay the interest, or to fund planned capital expenditures and store operations will also depend on its ability to maintain adequate levels of available borrowing, obtain favorable payment terms from suppliers and its future performance, which to a certain extent, is subject to general economic, financial, competitive, legislative and regulatory factors, as well as other events that are beyond the Company’s control. The Company continues to be actively engaged in identifying alternative sources of financing that may include raising additional funds through public or private equity, the disposal of assets, and debt financing, including funding from government sources. The incurrence of additional indebtedness would result in increased debt service obligations and could result in operating and financing covenants that could restrict the Company’s operations. Financing may be unavailable in amounts or on terms acceptable to the Company if at all, which may have a material adverse impact on its business, including its ability to continue as a going concern. The Company’s lenders under its Amended Credit Facility and its Amended Term Loan may impose, at any time, discretionary reserves, which would lower the level of borrowing availability under the Company’s credit facilities (customary for asset-based loans), at their reasonable discretion, to: (i) ensure that the Company maintains adequate liquidity for the operation of its business, (ii) cover any deterioration in the amount of value of the collateral, and (iii) reflect impediments to the lenders to realize upon the collateral. There is no limit to the amount of discretionary reserves that the Company’s lenders may impose at their reasonable discretion. No discretionary reserves were imposed during fiscal 2023, fiscal 2022 and fiscal 2021 by the Company’s lenders. Certain adverse conditions and events outlined above require consideration of management’s plans, which management believes mitigate the effect of such conditions and events. Management plans include continuing to manage liquidity actively which allows for adherence to excess availability requirements, and where necessary cost reductions, which include reducing future purchases, maintaining reduced marketing and general operating expenses, the continued postponement of certain capital expenditures and obtaining favorable payment terms from suppliers. Notwithstanding, the Company believes that it will be able to adequately fund its operations and meet its cash flow requirements for at least the next twelve months from the date of issuance of these financial statements.

Significant accounting policies

Significant accounting policies	12 Months Ended
	Mar. 25, 2023
Accounting Policies [Abstract]
Significant accounting policies	2. Significant accounting policies: (a) Revenue recognition: Sales are recognized at the point of sale when merchandise is picked up by the customer or delivered to a customer. Sales to our wholesale customers are recognized when the Company has agreed to terms with its customers, the contractual rights and payment terms have been identified, the contract has commercial substance, it is probable that consideration will be collected by the Company and when control of the goods has been transferred to the customer. Shipping and handling fees billed to customers are included in net sales. Revenues for gift certificate sales and store credits are recognized upon redemption. Prior to recognition as a sale, gift certificates are recorded as accounts payable on the balance sheet. Based on historical redemption rates, the Company estimates the portion of outstanding gift certificates (not subject to unclaimed property laws) that will ultimately not be redeemed and records this amount as breakage income. The Company recognizes such breakage income in proportion to redemption rates of the overall population of gift certificates and store credits. Gift certificates and store credits outstanding and subject to unclaimed property laws are maintained as accrued liabilities until remitted in accordance with local ordinances. Sales of consignment merchandise are recognized at such time as the merchandise is sold, and are recorded on a gross basis because the Company is the primary obligor of the transaction, has general latitude on setting the price, has discretion as to the suppliers, is involved in the selection of the product and has inventory loss risk. Sales are reported net of returns and sales taxes. The Company generally gives its customers the right to return merchandise purchased by them within 10 to 90 days, depending on the product sold and records a provision at the time of sale for the effect of the estimated returns which is determined based on historical experience. Revenues for repair services are recognized when the service is delivered to and accepted by the customer. (b) Cost of sales: Cost of sales includes direct inbound freight and duties, direct labor related to repair services, design and creative costs (labor and overhead) inventory shrink, inventory thefts, and boxes (jewelry, watch and giftware). Indirect freight including inter-store transfers, purchasing and receiving costs, distribution costs and warehousing costs are included in selling, general and administrative expenses. Mark down dollars received from vendors are recorded as a reduction of inventory costs to the specific items to which they apply and are recognized in cost of sales once the items are sold. (c) Cash and cash equivalents: The Company utilizes a cash management system under which a book cash overdraft may exist in its primary disbursement account. These overdrafts, when applicable, represent uncleared checks in excess of cash balances in the bank account at the end of a reporting period and have been reclassified to accounts payable on the consolidated balance sheets. The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. Amounts receivable from credit card issuers are included in cash and cash equivalents and are typically converted to cash within 2 to 4 days of the original sales transaction. These amounts totaled $1.3 million at March 25, 2023 and $2.0 million at March 26, 2022. (d) Accounts receivable: Accounts receivable arise primarily from customers’ use of our private label and proprietary credit cards and wholesale sales and are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less expected credit losses. Several installment sales plans are offered to our private label credit card holders and proprietary credit card holders which vary as to repayment terms and finance charges. Finance charges on the Company’s consumer credit receivables, when applicable, accrue at rates ranging from 0% to 9.99% per annum for financing plans. The Company maintains allowances for expected credit losses associated with the accounts receivable recorded on the balance sheet for estimated losses resulting from the inability of its customers to make required payments. The allowance for credit losses is an estimate of expected credit losses, measured on a collective basis over the estimated life of the Company’s customer in-house receivables and wholesale receivables. In determining expected credit losses, the Company considers historical level of credit losses, current economic trends and reasonable and supportable forecasts that affect the collectability of future cash flows. The Company also incorporates qualitative adjustments for certain factors such as Company specific risks, changes in current economic conditions that may not be captured in the quantitatively derived results, or other relevant factors to ensure the allowance for credit losses reflects the Company’s best estimate of current expected credit losses. Other relevant factors include, but are not limited to, the length of time that the receivables are past due, the Company’s knowledge of the customer, and historical write-off experiences. Management considered and applied qualitative factors such as the unfavorable macroeconomic conditions caused by the current uncertainty resulting from rising inflation and interest rates, and its potential effects. The Company classifies a receivable account as past due if a required payment amount has not been received within the allotted time frame (generally 30 days), after which internal collection efforts commence. Once all internal collection efforts have been exhausted and management has reviewed the account, the account is sent for external collection or legal action. Upon the suspension of the accrual of interest, interest income is recognized to the extent cash payments received exceed the balance of the principal amount owed on the account. After all collection efforts have been exhausted, including internal and external collection efforts, an account is written off. The Company guarantees a portion of its private label credit card sales to its credit card vendor. The Company maintains a liability associated with these outstanding amounts. Similar to the allowance for expected credit losses, the liability related to these guaranteed sales amounts are based on a combination of factors including the length of time the receivables are past due to the Company’s credit card vendor, the Company’s knowledge of the customer, economic and market conditions and historical write-off experiences of similar credits. If the financial conditions of our customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. The allowance for credit losses includes an estimate for uncollectible principal as well as unpaid interest. Accrued interest is included within the same line item as the respective principal amount of the customer in-house receivables in the condensed consolidated balance sheets. The accrual of interest is discontinued at the time the receivable is determined to be uncollectible and written-off. Accrued interest during the fiscal year-ended March 25, 2023 was immaterial. (e) Inventories: Finished goods inventories and inventories of raw materials are valued at the lower of average cost (which includes material, labor and overhead costs) and net realizable value, which is the estimated selling price in the ordinary course of business. The Company records inventory reserves for lower of cost or net realizable value, which includes slow-moving finished goods inventory, and damaged goods, and shrink. The cost of inbound freight and duties are included in the carrying value of the inventories. The reserve for slow-moving finished goods inventories is equal to the difference between the cost of inventories and the estimated selling prices, resulting in the expected gross margin. There is estimation uncertainty in relation to the identification of slow-moving finished goods inventories which are based on certain criteria established by the Company. The criteria includes operational decisions by management to discontinue ordering the inventories based on sales trends, market conditions, and the aging of the inventories. Estimation uncertainty also exists in determining the expected selling prices and associated gross margins through normal sales channels, which are based on assumptions about future demand and market conditions for those slow-moving inventories. If actual market conditions are less favorable than those projected by management, additional inventory reserves may be required. The reserve for inventory shrink is estimated for the period from the last physical inventory date to the end of the reporting period on a store by store basis and at our distribution centers. The shrink rate from the most recent physical inventory, in combination with historical experience, is the basis for providing a shrink reserve. (f) Property and equipment: Property and equipment are recorded at cost less any impairment charges. Maintenance and repair costs are charged to selling, general and administrative expenses as incurred, while expenditures for major renewals and improvements are capitalized. Depreciation and amortization are computed using the straight-line method based on the estimated useful lives of the assets as follows: Asset Period Leasehold improvements Lesser of term of the lease or the economic life Software and electronic equipment 1 - 6 years Furniture and fixtures 5 - 8 years Equipment 3 - 8 years (g) Intangible assets and other assets: Eligible costs incurred during the development stage of information systems projects are capitalized and amortized over the estimated useful life of the related project and presented as part of intangible assets and other assets on the Company’s balance sheet. Eligible costs include those related to the purchase, development, and installation of the related software. The costs related to the implementation of the ERP system and the e-commerce platform are amortized over a period of 5 years. Intangible assets and other assets also consist of trademarks and tradenames, which are amortized using the straight-line method over a period of 15 to 20 years. The Company had $7.0 million and $6.0 million of intangible assets at cost as at March 25, 2023 and March 26, 2022, respectively. The Company had $1.0 million and $1.0 million of accumulated amortization of intangibles at March 25, 2023 and March 26, 2022, respectively. (h) Leases: The Company accounts for leases in accordance with Topic 842 and recognizes a right-of-use asset and a corresponding lease liability on the balance sheet for long-term lease agreements. We determine if an arrangement is a lease at inception. The amounts of the Company’s operating lease right-of-use (“ROU”) assets and current and long-term portion of operating lease liabilities are presented separately on the balance sheet. Finance leases are included in property and equipment and long-term debt on the balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments in order to measure its lease liabilities at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company leases office, distribution, and retail facilities. Certain retail store leases may require the payment of minimum rentals and contingent rent based on a percentage of sales exceeding a stipulated amount. The Company’s lease agreements expire at various dates through 2034, are subject, in many cases, to renewal options and provide for the payment of taxes, insurance and maintenance. Certain leases contain escalation clauses resulting from the pass through of increases in operating costs, property taxes and the effect on costs from changes in consumer price indices, which are considered as variable costs. The Company determines its lease payments based on predetermined rent escalations, rent-free periods and other incentives. The Company recognizes lease expense on a straight-line basis over the related terms of such leases, including any rent-free period and beginning from when the Company takes possession of the leased facility. Variable operating lease expenses, including contingent rent based on a percentage of sales, CAM charges, rent related taxes, mall advertising and adjustments to consumer price indices, are recorded in the period such amounts and adjustments are determined. Lease expense is recorded within selling, general and administrative expenses in the statement of operations. Lease arrangements occasionally include renewal options. The Company uses judgment when assessing the renewal options in the leases and assesses whether or not it is reasonably certain to exercise these renewal options if they are within the control of the Company. Any renewal options not reasonably certain to be exercised are excluded from the lease term. The Company monitors for events or changes in circumstances that require a reassessment of one of its leases. ROU assets, as part of the group of assets, are periodically reviewed for impairment. The Company uses the long-lived assets impairment guidance in ASC Subtopic 360-10, Property, Plant and Equipment – Overall, to determine whether an ROU asset is impaired, and if so, the amount of the impairment loss to recognize. (i) Deferred financing costs: The Company amortizes deferred financing costs incurred in connection with its financing agreements using the effective interest method over the term of the related financing. Such deferred costs are presented as a reduction to bank indebtedness and long-term debt in the accompanying consolidated balance sheets. (j) Warranty accrual: The Company provides warranties on its Birks branded jewelry and watches for periods extending up to five years and has a battery replacement policy for its Birks branded watches. The Company accrues a liability based on its historical repair costs for such warranties. (k) Income taxes: Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial statement reporting purposes and the bases for income tax purposes, and (b) operating losses and tax credit carryforwards. Deferred income tax assets are evaluated and, if realization is not considered to be more-likely-than-not, a valuation allowance is provided (see Note 9(a)). (l) Foreign exchange: Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange in effect at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rates prevailing at the respective transaction dates. Revenue and expenses denominated in foreign currencies are translated at average rates prevailing during the year. Foreign exchange gains (losses) of ($1.4) million, ($0.2) million, and $1.6 million were recorded in cost of goods sold for the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively and ($0.5) million, $0.1 million, $1.3 million of gains (losses) on foreign exchange were recorded in interest and other financial costs related to U.S. dollar denominated debts for the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively. (m) Impairment of long-lived assets: The Company periodically reviews the estimated useful lives of its depreciable assets and changes in useful lives are made on a prospective basis unless factors indicate the carrying amounts of the assets may not be recoverable and an impairment write-down is necessary. However, the Company will review its long-lived assets for impairment once events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss would be recognized when the estimated undiscounted future cash flows expected to result from the use of an asset and its eventual disposition is less than its carrying value. Measurement of an impairment loss for such long-lived assets would be based on the difference between the carrying value and the fair value of the asset, with fair value being determined based upon discounted cash flows or appraised values, depending on the nature of the asset. Long-lived assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. The Company did not record any non-cash impairment charges of long-lived assets during fiscal 2023, fiscal 2022 and fiscal 2021. (n) Advertising and marketing costs: Advertising and marketing costs are generally charged to expense as incurred and are included in selling, general and administrative expenses in the consolidated statements of operations. The Company and its vendors participate in cooperative advertising programs in which the vendors reimburse the Company for a portion of certain specific advertising costs which are netted against advertising expense in selling, general and administrative expenses, and amounted to $1.1 million, $1.0 million, and $0.7 million for each of the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively. Advertising and marketing expense, net of vendor cooperative advertising allowances, amounted to $8.1 million, $8.8 million, and $6.5 million, in the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively. (o) Government grants: The Company recognizes a government grant when there is reasonable assurance that it will comply with the conditions required to qualify for the grant, and that the grant will be received. The Company recognizes government grants as a reduction to the expense that the grant is intended to offset. (p) Principles of consolidation and equity method of accounting: The consolidated financial statements include the accounts of Birks Group Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated. The Company consolidates entities in which it has a controlling financial interest based on either the variable interest entity (VIE) or voting interest model. The Company is required to first apply the VIE model to determine whether it holds a variable interest in an entity, and if so, whether the entity is a VIE. If the Company determines it does not hold a variable interest in a VIE, it then applies the voting interest model. Under the voting interest model, the Company consolidates an entity when it holds a majority voting interest in an entity. The Company accounts for investments in which it has significant influence but not a controlling financial interest using the equity method of accounting. On April 16, 2021, the Company entered into a joint venture with FWI LLC (“FWI”) to form RMBG Retail Vancouver ULC (“RMBG”) to operate a retail location in Vancouver, British Columbia. The Company originally contributed nominal cash amounts as well as $1.6 million of certain assets in the form of a shareholder advance for 49% equity interest in RMBG, the legal entity comprising the joint venture. Likewise, FWI contributed certain assets in exchange for its 51% equity interest in RMBG, and controls the joint venture from the date of its inception. The Company has significant influence but not control over RMBG and therefore has applied the equity method of accounting to account for its investment in RMBG. The Company has recorded an equity method investment on the consolidated balance sheet and an equity pick-up on the consolidated statement of operations. In addition, as of March 25, 2023 and March 26, 2022, the Company had a non-interest bearing receivable from RMBG of $1.8 million and $1.5 million, respectively, which is presented in Accounts Receivable on the balance sheet. Subsequent to year end, $1.3 million of this balance has been repaid. (q) Earnings per common share: Basic earnings per share (“EPS”) is computed as net earnings divided by the weighted-average number of common shares outstanding for the period. Diluted EPS includes the dilutive effect of the assumed exercise of stock options and warrants except in years where the Company has a net loss. The following table sets forth the computation of basic and diluted earnings (loss) per common share for the years ended March 25, 2023, March 26, 2022, and March 27, 2021: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 (In thousands, except per share data) Basic income (loss) per common share computation: Numerator: Net income (loss) $ (7,432 ) $ 1,287 $ (5,838 ) Denominator: Weighted-average common shares outstanding 18,692 18,346 18,005 Income (loss) per common share $ (0.40 ) $ 0.07 $ (0.32 ) Diluted (loss) income per common share computation: Numerator: Net income (loss) $ (7,432 ) $ 1,287 $ (5,838 ) Denominator: Weighted-average common shares outstanding 18,692 18,346 18,005 Dilutive effect of stock options and warrants — 448 — Weighted-average common shares outstanding – diluted 18,692 18,794 18,005 Diluted income (loss) per common share $ (0.40 ) $ 0.07 $ (0.32 ) (r) For the year ended March 25, 2023 nil Class A voting shares underlying outstanding stock options were excluded from the computation of diluted earnings per share due to the Company reporting a net loss. For the year ended March 26, 2022, the effect from the assumed exercise of nil Class A voting shares underlying outstanding stock options and 10,932 Class A voting shares underlying outstanding warrants was excluded from the computation of diluted earnings per share due to their antidilutive effect. For the year ended March 27, 2021, the effect from the assumed exercise of nil Class A voting shares underlying outstanding stock options and 10,932 Class A voting shares underlying outstanding warrants was excluded from the computation of diluted earnings per share due to their antidilutive effect. (s) Recent Accounting Pronouncements adopted during the year: There were no new accounting pronouncements adopted during the fiscal year that have a material impact on the Company’s financial position or results of operations. Recent Accounting Pronouncements not yet adopted: On March 12, 2020 the FASB issued ASU 2020-04 Reference rate reform (Topic 848). On December 21, 2022, the FASB issued an amendment to this reform, ASU 2022-06 Reference rate reform (Topic 848): Facilitation of the effects of reference rate reform on financial reporting and related amendments. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to transactions affected by reference rate reform if certain criteria are met. These transactions include contract modifications, hedging relationships, and sale or transfer of debt securities classified as held-to-maturity. The ASU was effective starting on March 12, 2020, and is available to be adopted on a prospective basis no later than December 31, 2024, following the amendments of ASU 2022-06. The Canadian Dollar Offered Rate (CDOR) is a benchmark interest rate referenced in a variety of agreements. The publication of certain CDOR rates were discontinued in May 2021, and the remaining rates are expected to be discontinued on June 30, 2024. Management continues to evaluate the impact of this ASU on the consolidated financial statements.

Accounts receivable and other r

Accounts receivable and other receivables	12 Months Ended
	Mar. 25, 2023
Receivables [Abstract]
Accounts receivable and other receivables	3. Accounts receivable and other receivables: Accounts receivable, net of allowance for credit losses, at March 25, 2023 and March 26, 2022 consist of the following: As of March 25, 2023 March 26, 2022 (In thousands) Customer trade receivables $ 6,237 $ 2,710 Other receivables 5,140 5,327 $ 11,377 $ 8,037 Continuity of the allowance for doubtful accounts is as follows (in thousands): Balance March 28, 2020 $ 965 Provision for credit losses 546 Net write offs (262 ) Balance March 27, 2021 1,249 Provision for credit losses 303 Net write offs (343 ) Balance March 26, 2022 $ 1,209 Provision for credit losses 538 Net write offs (493 ) Balance March 25, 2023 $ 1,254 Other receivables mainly relate to receivables from wholesale revenue, tenant allowances receivable from certain landlords, and a receivable from a joint venture (see Note 14). Certain sales plans relating to customers’ use of Birks credit cards provide for revolving lines of credit and /or installment plans under which the payment terms exceed one year. The receivables repayable within a timeframe exceeding one year included under such plans, amounted to approximately $2.0 million and $5.6 million at March 25, 2023 and March 26, 2022, respectively, which are not included in customer trade receivables outlined above, and are included in long-term receivables on the Company’s balance sheet. The following table disaggregates the Company’s accounts receivables and other receivables and long-term receivables as at March 25, 2023: Current 1 -30 days past due 31 -60 days past due 61 -90 days past due Greater than 90 days past due Total Customer in-house receivables $ 7,400 $ 545 $ 129 $ 161 $ 957 $ 9,192 Other receivables 4,630 106 228 55 420 5,439 $ 12,030 $ 651 $ 357 $ 216 $ 1,377 $ 14,631 The following table disaggregates the Company’s accounts receivables and other receivables and long-term receivables as at March 26, 2022: Current 1 -30 days past due 31 -60 days past due 61 -90 days past due Greater than 90 days past due Total Customer in-house receivables $ 8,332 $ 211 $ 6 $ 46 $ 1,003 $ 9,598 Other receivables 3,973 — 119 34 1,121 5,247 $ 12,305 $ 211 $ 125 $ 80 $ 2,124 $ 14,845

Inventories

Inventories	12 Months Ended
	Mar. 25, 2023
Inventory Disclosure [Abstract]
Inventories	4. Inventories: Inventories, net of reserves, are summarized as follows: As of March 25, 2023 March 26, 2022 (In thousands) Raw materials and work in progress $ 858 $ 716 Finished goods 87,499 78,191 $ 88,357 $ 78,907 Continuity of the inventory reserves are as follows (in thousands): Balance March 28, 2020 $ 1,847 Additional charges 291 Deductions (200 ) Balance March 27, 2021 1,938 Additional charges 85 Deductions (248 ) Balance March 26, 2022 1,775 Additional charges 330 Deductions (230 ) Balance March 25, 2023 $ 1,875

Property and equipment

Property and equipment	12 Months Ended
	Mar. 25, 2023
Property, Plant and Equipment [Abstract]
Property and equipment	5. Property and equipment: The components of property and equipment are as follows: As of March 25, 2023 March 26, 2022 (In thousands) Leasehold improvements 35,973 33,665 Furniture, fixtures and equipment 13,866 12,037 Software and electronic equipment 14,864 11,039 64,703 56,741 Accumulated depreciation and impairment charges (37,866 ) (33,960 ) $ 26,837 $ 22,781 The Company wrote off $1.7 million of gross fixed assets that were fully amortized during the year ended March 25, 2023 (March 26, 2022—$6.2 million), mostly related to leasehold improvements. Property and equipment, having a cost of $0.3 million and net book value of $0.3 million at March 25, 2023, and a cost of $0.3 million and a net book value of $0.3 million at March 26, 2022, are under finance leasing arrangements.

Bank indebtedness

Bank indebtedness	12 Months Ended
	Mar. 25, 2023
Debt Disclosure [Abstract]
Bank indebtedness	6. Bank indebtedness: As of March 25, 2023 and March 26, 2022, bank indebtedness consisted solely of amounts owing under the Company’s Amended Credit Facility (defined below), which had an outstanding balance of $57.9 million ($58.3 million net of $0.4 million of deferred financing costs) and $43.2 million ($43.7 million net of $0.5 million of deferred financing costs), respectively. The Company’s Amended Credit Facility is collateralized by substantially all of the Company’s assets. The Company’s excess borrowing capacity was $12.9 million as of March 25, 2023 and $19.1 million as of March 26, 2022. The Company met its excess availability requirements throughout fiscal 2023, and as of the date of these financial statements. The Company’s ability to fund its operations and meet its cash flow requirements is dependent upon its ability to maintain positive excess availability under its $85.0 million Amended Credit Facility with Wells Fargo Canada Corporation. On October 23, 2017, the Company entered into a credit facility with Wells Fargo Capital Finance Corporation Canada for a maximum amount of $85.0 million and maturing in October 2022 December 2026 On June 29, 2018, the Company secured a $12.5 million Term Loan maturing in October 2022 with Crystal Financial LLC (“Crystal”) now known as SLR Credit Solutions (“SLR”). On December 24, 2021, the Company entered into an amended and restated senior secured term loan (“Amended Term Loan”) with SLR. The Amended Term Loan extended the maturity date of the Company’s pre-existing loan from October 2022 to December 2026 The Company’s borrowing capacity under both its Amended Credit Facility and its Amended Term Loan is based upon the value of the Company’s inventory and accounts receivable, which is periodically assessed by its lenders and based upon these reviews the Company’s borrowing capacity could be significantly increased or decreased. Both the Company’s Amended Credit Facility and its Amended Term Loan are subject to cross default provisions with all other loans pursuant to which if the Company is in default of any other loan, the Company will immediately be in default of both its Amended Credit Facility and its Amended Term Loan. In the event that excess availability falls below $8.5 million for more than two consecutive business days once during any fiscal month, this would be considered an event of default under the Company’s Amended Credit Facility and its Amended Term Loan, that provides the lenders the right to require the outstanding balances borrowed under the Company’s Amended Credit Facility and its Amended Term Loan become due immediately, which would result in cross defaults on the Company’s other borrowings. The Company expects to have excess availability of at least $8.5 million for at least the next twelve months from the date of issuance of these financial statements. The Company’s Amended Credit Facility and its Amended Term Loan also contain limitations on the Company’s ability to pay dividends, more specifically, among other limitations; the Company can pay dividends only at certain excess borrowing capacity thresholds. The Company is required to either i) maintain excess availability of at least 40% of the borrowing base in the month preceding payment or ii) maintain excess availably of at least 25% of the line cap and maintain a fixed charge coverage ratio of at least 1.10 to 1.00. Other than these financial covenants related to paying dividends, the terms of the Company’s Amended Credit Facility and its Amended Term Loan provide that no financial covenants are required to be met other than already described. The Company’s lenders under its Amended Credit Facility and its Amended Term Loan may impose, at any time, discretionary reserves, which would lower the level of borrowing availability under its credit facilities (customary for asset-based loans), at their reasonable discretion, to: i) ensure that the Company maintains adequate liquidity for the operations of its business, ii) cover any deterioration in the value of the collateral, and iii) reflect impediments to the lenders to realize upon the collateral. There is no limit to the amount of discretionary reserves that the Company’s lenders may impose at their reasonable discretion. No discretionary reserves were imposed during fiscal year 2023 by the Company’s lenders. The information concerning the Company’s bank indebtedness is as follows: Fiscal Year Ended March 25, 2023 March 26, 2022 (In thousands) Maximum borrowing outstanding during the year $ 59,367 $ 56,155 Average outstanding balance during the year $ 50,349 $ 47,155 Weighted average interest rate for the year 5.7% 2.7% Effective interest rate at year-end 6.9% 3.0% As security for the bank indebtedness, the Company has provided some of its lenders the following: (i) general assignment of all accounts receivable, other receivables and trademarks; (ii) general security agreements on all of the Company’s assets; (iii) insurance on physical assets in a minimum amount equivalent to the indebtedness, assigned to the lenders; (iv) a mortgage on moveable property (general) under the Civil Code (Québec) of $200.0 million; (v) lien on machinery, equipment and molds and dies; and (vi) a pledge of trademarks and stock of the Company’s subsidiaries.

Long-term debt

Long-term debt	12 Months Ended
	Mar. 25, 2023
Debt Disclosure [Abstract]
Long-term debt	7. Long-term debt: (a) Long-term debt consists of the following: As of March 25, 2023 March 26, 2022 (In thousands) Term loan from SLR Credit Solutions, bearing interest at an annual rate of CDOR plus 7.75%, repayable at maturity in December 2026, secured by the assets of the Company (net of deferred financing costs of $247,000 and $314,000, respectively). Refer to Note 6 for additional information. 12,253 12,186 $10 million term loan from Investissement Québec, bearing interest at an annual rate of 3.14%, repayable in 60 equal payments beginning in July 2021 (net of deferred financing costs of $8,000 and $20,000, respectively). 6,825 8,816 $0.4 million term loan from Business Development Bank of Canada, bearing bearing interest at an annual rate of 8.3% repayable in 72 monthly payments beginning in May 2021. 303 374 USD $1.5 million cash advance owing to the Company’s controlling shareholder, Montel, bearing interest at an annual rate of 11%, net of with holding taxes (Note 14(c)) 2,064 1,875 Obligations under finance leases, at annual interest rates between secured 175 249 Eligible borrowing amount of up to $4.3 million loan from Investissement Québec, bearing interest at an annual rate of 1.41%, repayable in 60 equal payments beginning in June 2027 (net of deferred financing costs of $56,000) 2,690 — 24,313 23,500 Current portion of long-term debt 2,133 2,129 $ 22,180 $ 21,371 (b) On July 8, 2020, the Company secured a new six-year term loan with Investissement Québec in the amount of $10.0 million, as amended. The secured term loan was used to fund the working capital needs of the Company. The loan bears interest at a rate of 3.14% per annum and is repayable in 60 equal payments beginning in July 2021. The term loan with Investissement Québec requires the Company on an annual basis to have a working capital ratio (defined as current assets divided by current liabilities excluding the current portion of operating lease liabilities) of at least 1.01. As at March 25, 2023, the working capital ratio (defined as current assets divided by current liabilities excluding the current portion of operating lease liabilities) was 0.98. On June 8, 2023, the Company obtained another waiver from Investissement Québec with respect to the requirement to meet the working capital ratio at March 25, 2023 and therefore the debt has been presented as long-term at year end. c) On April 12, 2021, the Company secured a new 5-year term loan with BDC for an amount of up to $0.4 million to be used specifically to finance the renovations of the Company’s Brinkhaus store location in Calgary, Alberta. As of March 25, 2023, the Company has $0.3 million outstanding on the loan ($0.4 million as of March 26, 2022). The loan bears interest at a rate of 8.3% per annum and is repayable in 72 monthly payments. d) On August 24 In order to obtain the financing, the Company has agreed to maintain a certain number of employees in Quebec. On June 8, 2023, the Company obtained another waiver from Investissement Québec with respect to the requirement to meet the working capital ratio at March 25, 2023 and therefore the debt has been presented as long-term at year end. (d) Future minimum lease payments for finance leases required in the following five years are as follows (in thousands): Year ending March: 2024 $ 62 2025 64 2026 52 2027 — 2028 — 178 Less imputed interest 3 $ 175 (e) Principal payments on long-term debt required in the following five years and thereafter, including obligations under finance leases, are as follows (in thousands): Year ending March: 2024 $ 2,133 2025 2,135 2026 2,123 2027 13,093 2028 475 Thereafter 4,354 $ 24,313 (f) As of March 25, 2023 and March 26, 2022, the Company had $0.4 million, and $0.6 million of outstanding letters of credit which were provided to certain lenders, respectively.

Benefit plans and stock-based c

Benefit plans and stock-based compensation	12 Months Ended
	Mar. 25, 2023
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Benefit plans and stock-based compensation	8. Benefit plans and stock-based compensation: (a) Stock option plans and arrangements: (i) The Company can issue stock options, stock appreciation rights, deferred share units and restricted stock units to executive management, key employees and directors under the stock-based compensation plans discussed below. The Company’s stock trades on the NYSE American and is valued in USD, as such all prices in Note 8 will be denominated in USD. The Company has a Long-Term Incentive Plan under which awards may be made in order to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to employees and to promote the success of the Company. Any employee or consultant selected by the administrator is eligible for any type of award provided for under the Long-Term Incentive Plan, except that incentive stock options may not be granted to consultants. The Long-Term Incentive Plan provided for the grant of units and performance units or share awards. As of March 25, 2023, there were 35,000 cash-based stock appreciation rights that were exercisable under the Long-Term Incentive Plan. The stock appreciation rights outstanding under the Long-Term Incentive Plan have a weighted average exercise price of $1.14. The Company has not made any grants under this incentive plan in the past three years. As at March 25, 2023, the Company has recognized a liability of $0.4 million in relation to these stock appreciation rights ($0.3 million as at March 26, 2022). As of March 25, 2023, there were stock options to purchase 20,000 Class A voting shares outstanding under the Long-Term Incentive Plan. During fiscal 2023, 2022, and 2021 no stock options were granted under the Long-Term Incentive Plan. As of March 25, 2023, 100% of the outstanding stock options were fully vested, accordingly unrecognized compensation relating to these options are nil no On August 15, 2016, the Board of Directors adopted the Company’s Omnibus Long-Term Incentive Plan (the “Omnibus LTIP”), and same was approved by the Company’s shareholders on September 21, 2016. Further to the Omnibus LTIP, the Company’s directors, officers, senior executives and other employees of the Company or one of its subsidiaries, consultants and service providers providing ongoing services to the Company and its affiliates may from time-to-time be granted various types of compensation awards, as same are further described below. The Omnibus LTIP is meant to replace the Company’s former equity awards plans. As of March 26, 2021, there were a total of 1,000,000 shares of the Company’s Class A voting shares reserved for issuance under the Omnibus LTIP. On January 11, 2022, the Omnibus LTIP was amended to increase the number of the Company’s Class A voting shares reserved for issuance under the Omnibus LTIP from 1,000,000 to 1,500,000. This increase was ratified by a majority of shareholders in September 2022. In no event shall the Company issue Class A voting shares, or awards requiring the Company to issue Class A voting shares, pursuant to the Omnibus LTIP if such issuance, when combined with the Class A voting shares issuable upon the exercise of awards granted under the Company’s former plan or any other equity awards plan of the Company, would exceed 1,796,088 Class A voting shares, unless such issuance of Class A voting shares or awards is approved by the shareholders of the Company. This limit shall not restrict however, the Company’s ability to issue awards under the Omnibus LTIP that are payable other than in shares. As of March 25, 2023, there were stock options to purchase 12,000 Class A voting shares outstanding under the Omnibus LTIP, all of which were granted during fiscal 2017, with a three year vesting period, with an average exercise price of $1.43 and an expiration date of 10 years after the grant date. No additional stock options were granted under this plan since then. As of March 25, 2023, 100% of the outstanding stock options were fully vested, accordingly unrecognized compensation relating to these options are nil. Total compensation cost for options recognized in expenses was nil in each of fiscal 2023, 2022, and 2021, respectively. The following is a summary of the activity of Birks’ stock option plans and arrangements. Options Weighted average exercise price Outstanding March 28, 2020 704,818 $ 1.14 Exercised (226,853 ) 0.78 Forfeited (82,818 ) 1.43 Outstanding March 27, 2021 395,147 1.13 Exercised (138,147 ) 0.94 Forfeited — — Outstanding March 26, 2022 257,000 1.09 Exercised (225,000 ) 1.10 Forfeited — — Outstanding March 25, 2023 32,000 $ 1.02 A summary of the status of Birks’ stock options at March 25, 2023 is presented below: Options outstanding Options exercisable Exercise price Number outstanding Weighted average remaining life (years) Weighted average exercise price Number exercisable Weighted average exercise price $0.78 20,000 2.5 $ 0.78 20,000 $ 0.78 $1.43 12,000 3.6 1.43 12,000 1.43 32,000 2.9 $ 1.02 32,000 $ 1.02 (b) As of March 25, 2023, the Company no longer has any outstanding warrants exercisable into shares of the Company’s Class A voting shares (202,661 as of March 26, 2022, and 251,484 as of March 27, 2021). These awards were fully vested and no additional compensation expense was recognized. In fiscal 2023, 90,056 (48,823 in fiscal 2022) warrants were exercised for a total of 90,056 (48,823 in fiscal 2022) class A common shares, for total proceeds of USD $149,000 (USD $163,000 in fiscal 2022) (approximately $205,000 ($210,000 in fiscal 2022) in Canadian dollars). These warrants expired on August 20, 2022, and all remaining warrants have been forfeited. (c) Restricted stock units and deferred share unit plans: On September 17, 2020 the Company issued 375,000 cash settled restricted stock units (“RSUs”) to members of senior management under the Omnibus LTIP. These units vest after three years and expire within two months following the vesting date. Compensation expense is based on the fair value of the RSU and the liability is re-measured at each reporting period. On December 20, 2021, the Company converted 325,000 of the outstanding cash-settled RSUs to equity settled awards and as a result, the liability outstanding at that date of $0.9 million was reclassified to additional paid in capital. At March 25, 2023, there were 50,000 outstanding cash-settled RSUs (March 26, 2022 – 50,000, March 27, 2021 – 375,000) and 325,000 outstanding equity-settled RSUs (March 26, 2022 – 325,000, March 27, 2021 – nil). The Company also issued cash settled deferred share units (“DSUs”) to members of the board of directors on September 21, 2022 (35,584). In the prior years, the Company issued cash-settled DSU’s on September 16, 2021 (61,470 units), September 17, 2020 (223,878 units), October 7, 2019 (157,890 units) and June 20, 2019 (86,954 units). During fiscal 2023, fiscal 2022 and fiscal 2021, no DSUs were exercised. On December 20, 2021, the Company converted all of the 750,482 outstanding cash-settled DSUs to equity settled awards and as a result, the liability outstanding at that date of $4.6 million was reclassified to additional paid in capital.. At March 25, 2023, 35,584 cash-settled DSUs were outstanding (March 26, 2022 – nil, March 27, 2021–689,012) and 750,482 equity-settled DSUs were outstanding (March 26, 2022 – 750,482, March 27, 2021 – nil). These units are exercisable immediately upon the date the member ceases being a director and expire on December 31 of the following year. A summary of the status of the Company’s cash-settled RSUs and cash settled DSUs at March 25, 2023 is presented below: The fair value of cash settled DSUs is measured based on the Company’s share price at each period end. As at March 25, 2023, the liability for all cash settled DSU’s was $0.4 million (March 26, 2022—nil, March 27, 2021—$3.1 million). The closing stock price used to determine the liability for fiscal 2023 was $8.18. Total compensation cost (gain) for DSUs recognized in expense was $0.4 million, $1.5 million, and $3.0 million in fiscal 2023, 2022, and 2021. DSU Outstanding March 28, 2020 465,134 Grants of new units 223,878 Outstanding March 27, 2021 689,012 Grants of new units 61,470 Converted to equity-settled awards (750,482 ) Outstanding March 26, 2022 — Grants of new units 35,584 Outstanding March 25, 2023 35,584 The fair value of cash settled DSUs is measured based on the Company’s share price at each period end. As at March 25, 2023, the liability for all cash settled DSU’s was $0.4 million (March 26, 2022— nil, March 27, 2021—$3.1 million). The closing stock price used to determine the liability for fiscal 2023 was $8.18. Total compensation cost (gain) for DSUs recognized in expense was $0.4 million, $1.5 million, and $3.0 million in fiscal 2023, 2022, and 2021. RSU Outstanding March 28, 2020 — Grants of new units 375,000 Outstanding March 27, 2021 375,000 Converted to equity-settled awards (325,000 ) Outstanding March 26, 2022 50,000 Grants of new units — Outstanding March 25, 2023 50,000 The fair value of cash settled RSUs is measured based on the Company’s share price at each period end. As at March 25, 2023, the liability for all vested cash settled RSUs was $0.5 million (March 26, 2022—$0.2 million, March 27, 2021—$0.3 million). The closing stock price used to determine the liability was $8.18 for fiscal 2023, $5.12 for fiscal 2022, and $3.62 for fiscal 2021. Total compensation cost for cash-settled RSU’s recognized in expense was $0.3 million, $0.8 million, and $0.3 million in fiscal 2023, 2022, and 2021. Total compensation cost for equity-settled RSU’s recognized in expense was $0.5 million. $0.2 million, and nil in fiscal 2023, 2022, and 2021. The weighted average remaining contractual life of the unvested cash-settled RSU’s is 0.3 years. A summary of the status of the Company’s equity-settled deferred share units at March 25, 2023 is presented below: DSU Outstanding March 27, 2021 — Converted from cash-settled awards 750,482 Outstanding March 26, 2022 and March 25, 2023 750,482 A summary of the status of the Company’s equity-settled restricted share units at March 25, 2023 is presented below: RSU Outstanding March 27, 2021 — Converted from cash-settled awards 325,000 Outstanding March 26, 2022 and March 25, 2023 325,000 The equity settled RSUs and DSUs are recorded at fair value at grant or modification date and not subsequently re-measured.

Income taxes

Income taxes	12 Months Ended
	Mar. 25, 2023
Income Tax Disclosure [Abstract]
Income taxes	9. Income taxes: (a) The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. As of March 25, 2023, the Company did not have any accrued interest or penalties related to uncertain tax positions due to available tax loss carry forwards. The tax years 2016 through 2023 remain open to examination by the major taxing jurisdictions to which the Company is subject. The Company evaluates its deferred tax assets to determine if any adjustments to its valuation allowances are required. As part of this analysis, the Company could not reach the required conclusion that it would be able to more likely than not realize the value of net deferred tax assets in the future. As a result, the Company has a non-cash valuation allowance of $24.8 million (March 26, 2022 - $22.7 million) against the Company’s net deferred tax assets. The significant items comprising the Company’s net deferred tax assets at March 25, 2023 and March 26, 2022 are as follows: Fiscal Year Ended March 25, 2023 March 26, 2022 (In thousands) Deferred tax assets: Loss and tax credit carry forwards $ 13,282 $ 12,745 Difference between book and tax basis of property and equipment 7,396 6,024 Operating lease right-of-use asset 3,690 4,082 Other reserves not currently deductible 1,195 212 Other (743 ) (403 ) Net deferred tax asset before valuation allowance 24,820 22,660 Valuation allowance (24,820 ) (22,660 ) Net deferred tax asset $ — $ — The Company’s income tax expense (benefit) consists of the following components: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Income tax expense (benefit): Current $ — $ — $ — Deferred (1,860 ) 1,781 (1,606 ) Valuation allowance 1,860 (1,781 ) 1,606 Income tax expense $ — $ — $ — The Company’s current tax payable was nil at March 25, 2023, March 26, 2022 and March 27, 2021. The Company’s provision for income taxes varies from the amount computed by applying the statutory income tax rates for the reasons summarized below: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 Canadian statutory rate 25.9% 26.1% 26.2% Utilization of unrecognized losses and other tax attributes (25.0% ) (130.8% ) (27.3% ) Permanent differences and other (0.9% ) 104.7% (1.1% ) Total 0% 0% 0% (b) At March 25, 2023, the Company had federal non-capital losses of $45.9 million available to reduce future Canadian federal taxable income and investment tax credits (“ITC’s”) in Canada of $0.2 million available to reduce future Canadian federal income taxes payable which will expire in accordance with their respective terms between 2023 and 2031 of which nil expires in calendar 2023. The Company also has capital losses of $1.4 million available to reduce future Canadian capital gains. These capital losses do not have an expiration date. Non Capital losses as (in thousands) Year ending March: Operating Expiring in 2024 — Expiring in 2025 — Expiring in 2026 3,390 Expiring in 2027 — Expiring in 2028 — Expiring in 2029 — Expiring in 2030 5,095 Expiring in 2031 3,575 Expiring after 2031 33,762 Total non-capital losses as of March 25, 2023 45,937

Capital stock

Capital stock	12 Months Ended
	Mar. 25, 2023
Equity [Abstract]
Capital stock	10. Capital stock: Authorized capital stock of the Company consists of an unlimited number of no par value preferred shares and two classes of common stock outstanding: Class A and Class B. Class A voting shares receive one vote per share. The Class B multiple voting shares have substantially the same rights as the Class A voting shares except that each share of Class B multiple voting shares receives 10 votes per share. The issued and outstanding shares are as follows: Class A common stock Class B common stock Total common stock Number of Shares Amount Number of Shares Amount Number of Shares Amount Balance as of March 27, 2021 10,610,973 $ 37,361 7,717,970 $ 57,755 18,328,943 $ 95,116 Exercise of stock options 186,970 522 — — 186,970 522 Balance as of March 26, 2022 10,795,443 $ 37,883 7,717,970 $ 57,755 18,513,413 $ 95,638 Exercise of stock options and warrants 315,056 1,136 — — 315,056 1,136 Balance as of March 25, 2023 11,112,999 $ 39,019 7,717,970 $ 57,755 18,830,969 $ 96,774

Leases

Leases	12 Months Ended
	Mar. 25, 2023
Leases [Abstract]
Leases	11. Leases: Amounts recognized in the consolidated statement of operations were as follows: March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Fixed operating lease expense $ 12,053 $ 12,155 $ 12,495 Variable operating lease expense (1) 5,007 3,482 927 Total lease expense $ 17,060 $ 15,637 $ 13,422 (1) In May 2020, the FASB issued guidance to Topic 842, Leases, exempting lessees from determining whether COVID-19 related rent concessions are lease modifications when certain conditions are met. In accordance with the guidance issued, the Company adopted the amendment effective March 29, 2020 and elected not to treat COVID-19 related rent concessions as lease modifications. As such, for the period ended March 25, 2023, rent concessions of $0.2 million (March 26, 2022 of $1.5 million, March 27, 2021 of $4.1 million) were recognized in the consolidated statement of operations as a negative variable rent expense. Variable operating lease expense includes percentage rent, taxes, mall advertising and common area maintenance charges The weighted average remaining operating lease term was 5 years and the weighted average discount rate was 10.0% for all of the Company’s operating leases as of March 25, 2023. The following table provides supplemental cash flow information related to the Company’s operating leases: March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Cash outflows from operating activities attributable to operating leases (1) $ 14,235 $ 11,954 $ 9,186 Right-of-use assets obtained in exchange for Operating lease liabilities (2) 2,579 5,612 2,562 (1) Net of $0.2 million rent concessions associated to base rent for the period ended March 25, 2023 and net of $1.5 million and $4.1 million rent concessions associated to base rent for the periods ended March 26, 2022 and March 27, 2021, respectively. (2) Right-of-use assets obtained are recognized net of leasehold inducements. For the period ending March 25, 2023, leasehold inducements totaled $0.1 million of which $0.1 million is included in Accounts Receivable. For the period ending March 26, 2022, leasehold inducements totaled $1.0 million of which $0.7 million is included in Accounts Receivable . The following table reconciles the undiscounted cash flows expected to be paid in each of the next five fiscal years and thereafter to the operating lease liability recorded on the Consolidated Balance Sheet for operating leases and finance leases which is included in long-term debt on the existing as of March 25, 2023. Minimum Lease Payments as of March 25, 2023 (in thousands) Year ending March: Operating 2024 13,427 2025 12,575 2026 11,962 2027 11,607 2028 10,828 Thereafter 45,850 Total minimum lease payments 106,249 Less: amount of total minimum lease payments representing interest (36,502 ) Present value of future total minimum lease payments 69,747 Less: current portion of lease liabilities (6,758 ) Long-term lease liabilities $ 62,989 The Company has entered into a commitment to lease a store location for 10 years starting in November of 2024. The expected annual rent expense is $0.5 million.

Contingencies

Contingencies	12 Months Ended
	Mar. 25, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	12. Contingencies: (a) The Company and its subsidiaries, in the normal course of business, become involved from time to time in litigation and subject to claims. While the final outcome with respect to claims and legal proceedings pending at March 25, 2023 cannot be predicted with certainty, management believes that adequate provisions have been recorded in the accounts where required and that the financial impact, if any, from claims related to normal business activities will not be material. (b) From time to time, the Company guarantees a portion of its private label credit card sales to its credit card vendor. At March 25, 2023 and March 26, 2022, the amount guaranteed under such arrangements was approximately $1.3 million and $1.2 million, respectively. At March 25, 2023 and March 26, 2022, the Company has recorded in accrued liabilities a reserve of nil and nil, respectively, associated with this guaranteed amount.

Segmented information

Segmented information	12 Months Ended
	Mar. 25, 2023
Segment Reporting [Abstract]
Segmented information	13. Segmented information: The Company has two reportable segments Retail and Other. As of March 25, 2023, Retail operated 21 stores across Canada under the Maison Birks brand, one retail location in Calgary under the Brinkhaus brand, two retail locations in Vancouver under the Graff and Patek Philippe brands, and one retail location in Laval under the Breitling brand. During fiscal 2023, the Company closed two stores (three stores in fiscal 2022) operating under the Maison Birks banner and did not open any new stores. Other consists primarily of our e-commerce business, wholesale business and gold exchange program. The two reportable segments are managed and evaluated separately based on unadjusted gross profit. The accounting policies used for each of the segments are the same as those used for the consolidated financial statements. Inter-segment sales are made at amounts of consideration agreed upon between the two segments and intercompany profit is eliminated if not yet earned on a consolidated basis. The Company does not evaluate the performance of the Company’s assets on a segment basis for internal management reporting and, therefore, such information is not presented. Certain information relating to the Company’s segments for the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively, is set forth below: Retail Other Total 2023 2022 2021 2023 2022 2021 2023 2022 2021 (In thousands) Sales to external customers $ 153,428 $ 167,819 $ 130,758 $ 9,522 $ 13,523 $ 12,310 $ 162,950 $ 181,342 $ 143,068 Inter-segment sales — — — 493 574 681 493 574 681 Unadjusted Gross profit 67,184 72,061 51,029 6,961 6,961 5,989 71,924 79,022 57,018 The following sets forth reconciliations of the segments’ gross profits and certain unallocated costs to the Company’s consolidated gross profits for the years ended March 25, 2023, March 26, 2022, and March 27, 2021: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Unadjusted gross profit $ 71,924 $ 79,022 $ 57,018 Inventory provisions (849 ) (383 ) (736 ) Other unallocated costs (3,153 ) (2,445 ) 38 Adjustment of intercompany profit 38 26 30 Gross profit $ 67,960 $ 76,220 $ 56,350 Sales by classes of similar products and by channel were as follows: Retail Other Total 2023 2022 2021 2023 2022 2021 2023 2022 2021 (In thousands) Jewelry and other $ 77,611 $ 78,586 $ 55,743 $ 8,187 $ 11,936 $ 11,553 $ 85,798 $ 90,522 $ 67,296 Timepieces 75,817 89,233 75,015 1,135 1,587 757 77,152 90,820 75,772 $ 153,428 $ 167,819 $ 130,758 $ 9,522 $ 13,523 $ 12,310 $ 162,950 $ 181,342 $ 143,068

Related party transactions

Related party transactions	12 Months Ended
	Mar. 25, 2023
Related Party Transactions [Abstract]
Related party transactions	14. Related party transactions: (a) The Company is party to certain related party transactions. Balances related to these related parties are disclosed in the consolidated financial statements except the following: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Expenses incurred: Management fees to related parties (b) — — — Consultant fees to a related party (f) 205 237 209 Expense reimbursement to a related party (d) 35 36 30 Interest expense on cash advance received from controlling shareholder (c) 218 297 370 Compensation paid to a related party (e) 344 364 332 Balances: Accounts payable to related parties 117 75 66 Interest payable on cash advance received from controlling shareholder (c) 16 15 269 Receivable from joint venture (g) 1,815 1,543 — (b) Effective January 1, 2016, the Company entered into a management consulting services agreement with Gestofi S.A. (“Gestofi”), all in accordance with the Company’s Code of Conduct relating to related party transactions. Under the management consulting services agreement, Gestofi provides the Company with services related to the obtaining of financing, mergers and acquisitions, international expansion projects, and such other services as the Company may request. Under the agreement, the Company paid an annual retainer of €140,000 (approximately $202,000 in Canadian dollars). The original term of the agreement was until December 31, 2016 and the agreement was automatically extended for successive terms of one year as neither party gave a 60 days’ notice of its intention not to renew. The yearly renewal of the agreement was subject to the review and approval of the Company’s corporate governance and nominating committee and the Board of Directors in accordance with the Company’s Code of Conduct relating to related party transactions. In November 2018, the agreement was renewed on the same terms and conditions except that the retainer was reduced to €40,000 (approximately $61,000 in Canadian dollars). In March 2019, the agreement was amended to (i) waive the yearly retainer and reimburse only the out-of-pocket expenses related to the services, and (ii) allow for a success fee to be mutually agreed upon between the Company and Gestofi in the event that financing or a capital raise is achieved. This agreement has been renewed annually and was renewed in November 2022 for an additional one-year term. In fiscal 2023, 2022, and 2021, the Company incurred expenses of nil, nil, and nil respectively, under this agreement to Gestofi. (c) The Company has a cash advance outstanding from its controlling shareholder, Montel S.à.r.l. (“Montel”, formerly Montrovest), of USD$1.5 million (approximately $2.0 million in Canadian dollars) originally received in May 2009 from Montrovest. This cash advance was provided to the Company by Montrovest to finance working capital needs and for general corporate purposes. This advance and any interest thereon is subordinated to the indebtedness of the Company’s Credit Facility and Term Loan. This cash advance bears an annual interest rate of 11%, net of withholding taxes, representing an effective interest rate of approximately 12%, and is repayable upon demand by Montel once conditions stipulated in the Company’s Credit Facility permit such a payment. At March 25, 2023 and March 26, 2022 advances payable to the Company’s controlling shareholder amounted to USD$1.5 million (approximately $2.1 million and $1.9 million in Canadian dollars), respectively. (d) In accordance with the Company’s Code of Conduct related to related party transactions, in April 2011, the Company’s corporate governance and nominating committee and Board of Directors approved the reimbursement to Regaluxe Srl, of certain expenses, such as rent, communication, administrative support and analytical service costs, incurred in supporting the office of Dr. Lorenzo Rossi di Montelera, the Company’s then Chairman, and of Mr. Niccolò Rossi di Montelera, the Company’s Chairman of the Executive Committee and the Company’s current Executive Chairman of the Board, for the work performed on behalf of the Company, up to a yearly maximum of USD$260,000 (approximately $340,000 in Canadian dollars). The yearly maximum was reduced to USD$130,000 (approximately $170,000 in Canadian dollars), and in fiscal 2019 the terms were amended so that only administrative support and analytical service costs can be reimbursed. This agreement was further renewed in March 2020 on the same terms and conditions except that the expenses would be invoiced in Euros. In March 2023, the agreement was renewed for an additional one-year term on the same terms and conditions. During fiscal 2023, 2022, and 2021, the Company incurred expenses of €24,000, €24,000, and €20,000, (approximately $35,000, $35,000, and $30,000 in Canadian dollars) respectively to Regaluxe Srl under this agreement. (e) Effective January 1, 2017, the Company agreed to total annual compensation of €250,000 (approximately $388,000 in Canadian dollars),with Mr. Niccolò Rossi di Montelera in connection with his appointment as Executive Chairman of the Board and Chairman of the Executive Committee. As an effort to mitigate the financial impact of COVID-19, from the onset of the COVID-19 pandemic, Mr. Niccolò Rossi di Montelera agreed to a COVID-19 fee reduction of 20% for the months of April, May and June 2020, 10% for the months of July to December, and 20% for the months of January to March 2021. In fiscal 2023, 2022, and 2021, the Company incurred costs of €250,000, €250,000 and €213,000 (approximately $344,000, $364,000, and $332,000 in Canadian dollars), respectively in connection with this agreement. (f) On March 28, 2018, the Company’s Board of Directors approved the Company’s entry into a consulting services agreement with Carlo Coda Nunziante effective April 1, 2018. Under the agreement, Carlo Coda-Nunziante, the Company’s former Vice President, Strategy, is providing advice and assistance on the Company’s strategic planning and business strategies for a total annual fee, including reimbursement of out-of-pocket expenses of €146,801 (approximately $222,000 in Canadian dollars), net of applicable taxes. In fiscal 2023, 2022 and 2021, the Company incurred charges of €149,000, €162,000 and €135,000 (approximately $205,000, $237,000 and $209,000 in Canadian dollars), including applicable taxes, respectively. This agreement has been renewed in March 2023 for an additional one-year term upon the same terms and conditions. (g) On April 16, 2021, the Company entered into a joint venture with FWI LLC (FWI) to form RMBG Retail Vancouver ULC (RMBG). The Company contributed cash and certain assets and liabilities for 49% of the legal entity comprising the joint venture. Likewise, FWI contributed cash and certain assets and liabilities in exchange for its 51% share, and controls the joint venture from the date of its inception. The Company has determined that it has significant influence but not control over the legal entity controlling the joint venture and therefore has applied the equity method of accounting to account for its investment in RMBG. As at March 25, 2023, the Company had a receivable from RMBG of $1.8 million ($1.5 million as at March 26, 2022) which is presented in Accounts receivable on the balance sheet. Subsequent to year end, $1.3 million of this balance has been repaid. The receivable is reimbursed from the actual profits of the business. Dividends are only paid to the shareholders after the repayment of the shareholder’s loans. Profits will be distributed annually or as approved by the directors at their annual meetings in accordance with their respective shareholdings.

Financial instruments

Financial instruments	12 Months Ended
	Mar. 25, 2023
Investments, All Other Investments [Abstract]
Financial instruments	15. Financial instruments: Fair value of financial instruments: Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. U.S. GAAP prescribes three levels of inputs that may be used to measure fair value: Level 1 – Quoted prices in active markets for identical assets or liabilities. Level 1 inputs are considered to carry the most weight within the fair value hierarchy due to the low levels of judgment required in determining fair values. Level 2 – Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 – Unobservable inputs reflecting the reporting entity’s own assumptions. Level 3 inputs are considered to carry the least weight within the fair value hierarchy due to substantial levels of judgment required in determining fair values. The Company has determined that the carrying value of its cash and cash equivalents, accounts receivable, long-term receivables, accounts payable and accrued liabilities approximates fair values as at the balance sheet date. As of March 25, 2023 and March 26, 2022, for the $57.9 million and $43.2 million, respectively, of bank indebtedness and the $12.3 million and $12.2 million, respectively of long-term debt bearing interest at variable rates, the fair value is considered to approximate the carrying value. As of March 25, 2023 and March 26, 2022, the fair value of the remaining $12.1 million and $11.0 million, respectively of fixed-rate long-term debt is estimated to be approximately $12.0 million and $10.2 million, respectively. The fair value was determined by discounting the future cash flows of each instrument at the current market interest rates for the same or similar debt instruments with the same remaining maturities adjusted for all necessary risks, including its own credit risk. In determining an appropriate spread to reflect its credit standing, the Company considered interest rates currently offered to the Company for similar debt instruments of comparable maturities by the Company’s lenders. As a result, the Company has determined that the inputs used to value these long-term debts fall within Level 3 of the fair value hierarchy.

Government grants

Government grants	12 Months Ended
	Mar. 25, 2023
Government Grants [Abstract]
Government grants	16. Government grants In response to the COVID-19 pandemic, various government programs have been announced to provide financial relief for affected businesses. The Government of Canada announced the CEWS program in April 2020. CEWS provides a wage subsidy on eligible paid compensation, subject to limits per employee, to eligible employers based on certain criteria, including demonstration of certain revenue declines as a result of COVID-19. The Company was not eligible for any of these subsidies in fiscal 2023 but has determined that it had qualified for this subsidy for certain intermittent periods during fiscal 2022 and during fiscal 2021 and has, accordingly, applied for the CEWS for said periods. During fiscal 2023, the Company did not recognize any CEWS ($0.5 million in fiscal 2022 and $1.4 million in fiscal 2021) which has been recorded as a reduction to the eligible employee compensation expense incurred by the Company during this period (within selling, general, and administrative expenses). As at March 25, 2023, nil is included within Account Receivable on the consolidated balance sheet. As at March 26, 2022, $0.5 million of CEWS had been collected and nil was included within Accounts Receivable on the consolidated balance sheet. The Government of Canada announced the CERS program in October 2020. CERS provides a rent subsidy for eligible property expenses, such as occupancy costs, based on certain criteria and is proportional to revenue declines as a result of COVID-19. The Company has determined that it did not qualify for this subsidy in fiscal 2023 but that it did for certain intermittent periods in fiscal 2022 and has accordingly applied for the CERS for said periods. For the fiscal year ended March 25, 2023, the Company did not recognize any CERS ($0.5 million in fiscal 2022 and $0.5 million in fiscal 2021) and has recorded it as a reduction to the eligible occupancy expense incurred by the Company during this period (within selling, general and administrative expenses). As at March 25, 2023, nil is included within Account Receivable on the consolidated balance sheet. As at March 26, 2022, $0.5 million of CERS had been collected and nil was included within Accounts Receivable on the consolidated balance sheet.

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
	Mar. 25, 2023
Accounting Policies [Abstract]
Revenue recognition	(a) Revenue recognition: Sales are recognized at the point of sale when merchandise is picked up by the customer or delivered to a customer. Sales to our wholesale customers are recognized when the Company has agreed to terms with its customers, the contractual rights and payment terms have been identified, the contract has commercial substance, it is probable that consideration will be collected by the Company and when control of the goods has been transferred to the customer. Shipping and handling fees billed to customers are included in net sales. Revenues for gift certificate sales and store credits are recognized upon redemption. Prior to recognition as a sale, gift certificates are recorded as accounts payable on the balance sheet. Based on historical redemption rates, the Company estimates the portion of outstanding gift certificates (not subject to unclaimed property laws) that will ultimately not be redeemed and records this amount as breakage income. The Company recognizes such breakage income in proportion to redemption rates of the overall population of gift certificates and store credits. Gift certificates and store credits outstanding and subject to unclaimed property laws are maintained as accrued liabilities until remitted in accordance with local ordinances. Sales of consignment merchandise are recognized at such time as the merchandise is sold, and are recorded on a gross basis because the Company is the primary obligor of the transaction, has general latitude on setting the price, has discretion as to the suppliers, is involved in the selection of the product and has inventory loss risk. Sales are reported net of returns and sales taxes. The Company generally gives its customers the right to return merchandise purchased by them within 10 to 90 days, depending on the product sold and records a provision at the time of sale for the effect of the estimated returns which is determined based on historical experience. Revenues for repair services are recognized when the service is delivered to and accepted by the customer.
Cost of sales	(b) Cost of sales: Cost of sales includes direct inbound freight and duties, direct labor related to repair services, design and creative costs (labor and overhead) inventory shrink, inventory thefts, and boxes (jewelry, watch and giftware). Indirect freight including inter-store transfers, purchasing and receiving costs, distribution costs and warehousing costs are included in selling, general and administrative expenses. Mark down dollars received from vendors are recorded as a reduction of inventory costs to the specific items to which they apply and are recognized in cost of sales once the items are sold.
Cash and cash equivalents	(c) Cash and cash equivalents: The Company utilizes a cash management system under which a book cash overdraft may exist in its primary disbursement account. These overdrafts, when applicable, represent uncleared checks in excess of cash balances in the bank account at the end of a reporting period and have been reclassified to accounts payable on the consolidated balance sheets. The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. Amounts receivable from credit card issuers are included in cash and cash equivalents and are typically converted to cash within 2 to 4 days of the original sales transaction. These amounts totaled $1.3 million at March 25, 2023 and $2.0 million at March 26, 2022.
Accounts receivable	(d) Accounts receivable: Accounts receivable arise primarily from customers’ use of our private label and proprietary credit cards and wholesale sales and are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less expected credit losses. Several installment sales plans are offered to our private label credit card holders and proprietary credit card holders which vary as to repayment terms and finance charges. Finance charges on the Company’s consumer credit receivables, when applicable, accrue at rates ranging from 0% to 9.99% per annum for financing plans. The Company maintains allowances for expected credit losses associated with the accounts receivable recorded on the balance sheet for estimated losses resulting from the inability of its customers to make required payments. The allowance for credit losses is an estimate of expected credit losses, measured on a collective basis over the estimated life of the Company’s customer in-house receivables and wholesale receivables. In determining expected credit losses, the Company considers historical level of credit losses, current economic trends and reasonable and supportable forecasts that affect the collectability of future cash flows. The Company also incorporates qualitative adjustments for certain factors such as Company specific risks, changes in current economic conditions that may not be captured in the quantitatively derived results, or other relevant factors to ensure the allowance for credit losses reflects the Company’s best estimate of current expected credit losses. Other relevant factors include, but are not limited to, the length of time that the receivables are past due, the Company’s knowledge of the customer, and historical write-off experiences. Management considered and applied qualitative factors such as the unfavorable macroeconomic conditions caused by the current uncertainty resulting from rising inflation and interest rates, and its potential effects. The Company classifies a receivable account as past due if a required payment amount has not been received within the allotted time frame (generally 30 days), after which internal collection efforts commence. Once all internal collection efforts have been exhausted and management has reviewed the account, the account is sent for external collection or legal action. Upon the suspension of the accrual of interest, interest income is recognized to the extent cash payments received exceed the balance of the principal amount owed on the account. After all collection efforts have been exhausted, including internal and external collection efforts, an account is written off. The Company guarantees a portion of its private label credit card sales to its credit card vendor. The Company maintains a liability associated with these outstanding amounts. Similar to the allowance for expected credit losses, the liability related to these guaranteed sales amounts are based on a combination of factors including the length of time the receivables are past due to the Company’s credit card vendor, the Company’s knowledge of the customer, economic and market conditions and historical write-off experiences of similar credits. If the financial conditions of our customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. The allowance for credit losses includes an estimate for uncollectible principal as well as unpaid interest. Accrued interest is included within the same line item as the respective principal amount of the customer in-house receivables in the condensed consolidated balance sheets. The accrual of interest is discontinued at the time the receivable is determined to be uncollectible and written-off. Accrued interest during the fiscal year-ended March 25, 2023 was immaterial.
Inventories	(e) Inventories: Finished goods inventories and inventories of raw materials are valued at the lower of average cost (which includes material, labor and overhead costs) and net realizable value, which is the estimated selling price in the ordinary course of business. The Company records inventory reserves for lower of cost or net realizable value, which includes slow-moving finished goods inventory, and damaged goods, and shrink. The cost of inbound freight and duties are included in the carrying value of the inventories. The reserve for slow-moving finished goods inventories is equal to the difference between the cost of inventories and the estimated selling prices, resulting in the expected gross margin. There is estimation uncertainty in relation to the identification of slow-moving finished goods inventories which are based on certain criteria established by the Company. The criteria includes operational decisions by management to discontinue ordering the inventories based on sales trends, market conditions, and the aging of the inventories. Estimation uncertainty also exists in determining the expected selling prices and associated gross margins through normal sales channels, which are based on assumptions about future demand and market conditions for those slow-moving inventories. If actual market conditions are less favorable than those projected by management, additional inventory reserves may be required. The reserve for inventory shrink is estimated for the period from the last physical inventory date to the end of the reporting period on a store by store basis and at our distribution centers. The shrink rate from the most recent physical inventory, in combination with historical experience, is the basis for providing a shrink reserve.
Property and equipment	(f) Property and equipment: Property and equipment are recorded at cost less any impairment charges. Maintenance and repair costs are charged to selling, general and administrative expenses as incurred, while expenditures for major renewals and improvements are capitalized. Depreciation and amortization are computed using the straight-line method based on the estimated useful lives of the assets as follows: Asset Period Leasehold improvements Lesser of term of the lease or the economic life Software and electronic equipment 1 - 6 years Furniture and fixtures 5 - 8 years Equipment 3 - 8 years
Intangible assets and other assets	(g) Intangible assets and other assets: Eligible costs incurred during the development stage of information systems projects are capitalized and amortized over the estimated useful life of the related project and presented as part of intangible assets and other assets on the Company’s balance sheet. Eligible costs include those related to the purchase, development, and installation of the related software. The costs related to the implementation of the ERP system and the e-commerce platform are amortized over a period of 5 years. Intangible assets and other assets also consist of trademarks and tradenames, which are amortized using the straight-line method over a period of 15 to 20 years. The Company had $7.0 million and $6.0 million of intangible assets at cost as at March 25, 2023 and March 26, 2022, respectively. The Company had $1.0 million and $1.0 million of accumulated amortization of intangibles at March 25, 2023 and March 26, 2022, respectively.
Leases	(h) Leases: The Company accounts for leases in accordance with Topic 842 and recognizes a right-of-use asset and a corresponding lease liability on the balance sheet for long-term lease agreements. We determine if an arrangement is a lease at inception. The amounts of the Company’s operating lease right-of-use (“ROU”) assets and current and long-term portion of operating lease liabilities are presented separately on the balance sheet. Finance leases are included in property and equipment and long-term debt on the balance sheet. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the estimated rate of interest for collateralized borrowing over a similar term of the lease payments in order to measure its lease liabilities at commencement date. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company leases office, distribution, and retail facilities. Certain retail store leases may require the payment of minimum rentals and contingent rent based on a percentage of sales exceeding a stipulated amount. The Company’s lease agreements expire at various dates through 2034, are subject, in many cases, to renewal options and provide for the payment of taxes, insurance and maintenance. Certain leases contain escalation clauses resulting from the pass through of increases in operating costs, property taxes and the effect on costs from changes in consumer price indices, which are considered as variable costs. The Company determines its lease payments based on predetermined rent escalations, rent-free periods and other incentives. The Company recognizes lease expense on a straight-line basis over the related terms of such leases, including any rent-free period and beginning from when the Company takes possession of the leased facility. Variable operating lease expenses, including contingent rent based on a percentage of sales, CAM charges, rent related taxes, mall advertising and adjustments to consumer price indices, are recorded in the period such amounts and adjustments are determined. Lease expense is recorded within selling, general and administrative expenses in the statement of operations. Lease arrangements occasionally include renewal options. The Company uses judgment when assessing the renewal options in the leases and assesses whether or not it is reasonably certain to exercise these renewal options if they are within the control of the Company. Any renewal options not reasonably certain to be exercised are excluded from the lease term. The Company monitors for events or changes in circumstances that require a reassessment of one of its leases. ROU assets, as part of the group of assets, are periodically reviewed for impairment. The Company uses the long-lived assets impairment guidance in ASC Subtopic 360-10, Property, Plant and Equipment – Overall, to determine whether an ROU asset is impaired, and if so, the amount of the impairment loss to recognize.
Deferred financing costs	(i) Deferred financing costs: The Company amortizes deferred financing costs incurred in connection with its financing agreements using the effective interest method over the term of the related financing. Such deferred costs are presented as a reduction to bank indebtedness and long-term debt in the accompanying consolidated balance sheets.
Warranty accrual	(j) Warranty accrual: The Company provides warranties on its Birks branded jewelry and watches for periods extending up to five years and has a battery replacement policy for its Birks branded watches. The Company accrues a liability based on its historical repair costs for such warranties.
Income taxes	(k) Income taxes: Deferred income taxes reflect the net tax effects of (a) temporary differences between the carrying amounts of assets and liabilities for financial statement reporting purposes and the bases for income tax purposes, and (b) operating losses and tax credit carryforwards. Deferred income tax assets are evaluated and, if realization is not considered to be more-likely-than-not, a valuation allowance is provided (see Note 9(a)).
Foreign exchange	(l) Foreign exchange: Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange in effect at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rates prevailing at the respective transaction dates. Revenue and expenses denominated in foreign currencies are translated at average rates prevailing during the year. Foreign exchange gains (losses) of ($1.4) million, ($0.2) million, and $1.6 million were recorded in cost of goods sold for the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively and ($0.5) million, $0.1 million, $1.3 million of gains (losses) on foreign exchange were recorded in interest and other financial costs related to U.S. dollar denominated debts for the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively.
Impairment of long-lived assets	(m) Impairment of long-lived assets: The Company periodically reviews the estimated useful lives of its depreciable assets and changes in useful lives are made on a prospective basis unless factors indicate the carrying amounts of the assets may not be recoverable and an impairment write-down is necessary. However, the Company will review its long-lived assets for impairment once events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss would be recognized when the estimated undiscounted future cash flows expected to result from the use of an asset and its eventual disposition is less than its carrying value. Measurement of an impairment loss for such long-lived assets would be based on the difference between the carrying value and the fair value of the asset, with fair value being determined based upon discounted cash flows or appraised values, depending on the nature of the asset. Long-lived assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell. The Company did not record any non-cash impairment charges of long-lived assets during fiscal 2023, fiscal 2022 and fiscal 2021.
Advertising and marketing costs	(n) Advertising and marketing costs: Advertising and marketing costs are generally charged to expense as incurred and are included in selling, general and administrative expenses in the consolidated statements of operations. The Company and its vendors participate in cooperative advertising programs in which the vendors reimburse the Company for a portion of certain specific advertising costs which are netted against advertising expense in selling, general and administrative expenses, and amounted to $1.1 million, $1.0 million, and $0.7 million for each of the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively. Advertising and marketing expense, net of vendor cooperative advertising allowances, amounted to $8.1 million, $8.8 million, and $6.5 million, in the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively.
Government grants	(o) Government grants: The Company recognizes a government grant when there is reasonable assurance that it will comply with the conditions required to qualify for the grant, and that the grant will be received. The Company recognizes government grants as a reduction to the expense that the grant is intended to offset.
Principles of consolidation and equity method of accounting	(p) Principles of consolidation and equity method of accounting: The consolidated financial statements include the accounts of Birks Group Inc. and its subsidiaries. All intercompany transactions and balances have been eliminated. The Company consolidates entities in which it has a controlling financial interest based on either the variable interest entity (VIE) or voting interest model. The Company is required to first apply the VIE model to determine whether it holds a variable interest in an entity, and if so, whether the entity is a VIE. If the Company determines it does not hold a variable interest in a VIE, it then applies the voting interest model. Under the voting interest model, the Company consolidates an entity when it holds a majority voting interest in an entity. The Company accounts for investments in which it has significant influence but not a controlling financial interest using the equity method of accounting. On April 16, 2021, the Company entered into a joint venture with FWI LLC (“FWI”) to form RMBG Retail Vancouver ULC (“RMBG”) to operate a retail location in Vancouver, British Columbia. The Company originally contributed nominal cash amounts as well as $1.6 million of certain assets in the form of a shareholder advance for 49% equity interest in RMBG, the legal entity comprising the joint venture. Likewise, FWI contributed certain assets in exchange for its 51% equity interest in RMBG, and controls the joint venture from the date of its inception. The Company has significant influence but not control over RMBG and therefore has applied the equity method of accounting to account for its investment in RMBG. The Company has recorded an equity method investment on the consolidated balance sheet and an equity pick-up on the consolidated statement of operations. In addition, as of March 25, 2023 and March 26, 2022, the Company had a non-interest bearing receivable from RMBG of $1.8 million and $1.5 million, respectively, which is presented in Accounts Receivable on the balance sheet. Subsequent to year end, $1.3 million of this balance has been repaid.
Earnings per common share	(q) Earnings per common share: Basic earnings per share (“EPS”) is computed as net earnings divided by the weighted-average number of common shares outstanding for the period. Diluted EPS includes the dilutive effect of the assumed exercise of stock options and warrants except in years where the Company has a net loss. The following table sets forth the computation of basic and diluted earnings (loss) per common share for the years ended March 25, 2023, March 26, 2022, and March 27, 2021: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 (In thousands, except per share data) Basic income (loss) per common share computation: Numerator: Net income (loss) $ (7,432 ) $ 1,287 $ (5,838 ) Denominator: Weighted-average common shares outstanding 18,692 18,346 18,005 Income (loss) per common share $ (0.40 ) $ 0.07 $ (0.32 ) Diluted (loss) income per common share computation: Numerator: Net income (loss) $ (7,432 ) $ 1,287 $ (5,838 ) Denominator: Weighted-average common shares outstanding 18,692 18,346 18,005 Dilutive effect of stock options and warrants — 448 — Weighted-average common shares outstanding – diluted 18,692 18,794 18,005 Diluted income (loss) per common share $ (0.40 ) $ 0.07 $ (0.32 ) (r) For the year ended March 25, 2023 nil Class A voting shares underlying outstanding stock options were excluded from the computation of diluted earnings per share due to the Company reporting a net loss. For the year ended March 26, 2022, the effect from the assumed exercise of nil Class A voting shares underlying outstanding stock options and 10,932 Class A voting shares underlying outstanding warrants was excluded from the computation of diluted earnings per share due to their antidilutive effect. For the year ended March 27, 2021, the effect from the assumed exercise of nil Class A voting shares underlying outstanding stock options and 10,932 Class A voting shares underlying outstanding warrants was excluded from the computation of diluted earnings per share due to their antidilutive effect.
Recent Accounting Pronouncements adopted during the year:	(s) Recent Accounting Pronouncements adopted during the year: There were no new accounting pronouncements adopted during the fiscal year that have a material impact on the Company’s financial position or results of operations. Recent Accounting Pronouncements not yet adopted: On March 12, 2020 the FASB issued ASU 2020-04 Reference rate reform (Topic 848). On December 21, 2022, the FASB issued an amendment to this reform, ASU 2022-06 Reference rate reform (Topic 848): Facilitation of the effects of reference rate reform on financial reporting and related amendments. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to transactions affected by reference rate reform if certain criteria are met. These transactions include contract modifications, hedging relationships, and sale or transfer of debt securities classified as held-to-maturity. The ASU was effective starting on March 12, 2020, and is available to be adopted on a prospective basis no later than December 31, 2024, following the amendments of ASU 2022-06. The Canadian Dollar Offered Rate (CDOR) is a benchmark interest rate referenced in a variety of agreements. The publication of certain CDOR rates were discontinued in May 2021, and the remaining rates are expected to be discontinued on June 30, 2024. Management continues to evaluate the impact of this ASU on the consolidated financial statements.

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
	Mar. 25, 2023
Accounting Policies [Abstract]
Estimated Useful Lives of Assets	Depreciation and amortization are computed using the straight-line method based on the estimated useful lives of the assets as follows: Asset Period Leasehold improvements Lesser of term of the lease or the economic life Software and electronic equipment 1 - 6 years Furniture and fixtures 5 - 8 years Equipment 3 - 8 years
Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of basic and diluted earnings (loss) per common share for the years ended March 25, 2023, March 26, 2022, and March 27, 2021: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 (In thousands, except per share data) Basic income (loss) per common share computation: Numerator: Net income (loss) $ (7,432 ) $ 1,287 $ (5,838 ) Denominator: Weighted-average common shares outstanding 18,692 18,346 18,005 Income (loss) per common share $ (0.40 ) $ 0.07 $ (0.32 ) Diluted (loss) income per common share computation: Numerator: Net income (loss) $ (7,432 ) $ 1,287 $ (5,838 ) Denominator: Weighted-average common shares outstanding 18,692 18,346 18,005 Dilutive effect of stock options and warrants — 448 — Weighted-average common shares outstanding – diluted 18,692 18,794 18,005 Diluted income (loss) per common share $ (0.40 ) $ 0.07 $ (0.32 )

Accounts receivable and other_2

Accounts receivable and other receivables (Tables)	12 Months Ended
	Mar. 25, 2023
Receivables [Abstract]
Summary of Accounts Receivable, Net of Allowance for Doubtful Accounts	Accounts receivable, net of allowance for credit losses, at March 25, 2023 and March 26, 2022 consist of the following: As of March 25, 2023 March 26, 2022 (In thousands) Customer trade receivables $ 6,237 $ 2,710 Other receivables 5,140 5,327 $ 11,377 $ 8,037
Schedule of Continuity of Allowance for Doubtful Accounts	Continuity of the allowance for doubtful accounts is as follows (in thousands): Balance March 28, 2020 $ 965 Provision for credit losses 546 Net write offs (262 ) Balance March 27, 2021 1,249 Provision for credit losses 303 Net write offs (343 ) Balance March 26, 2022 $ 1,209 Provision for credit losses 538 Net write offs (493 ) Balance March 25, 2023 $ 1,254
Summary of Disaggregates the Company's Accounts Receivables and Long-Term Receivables	The following table disaggregates the Company’s accounts receivables and other receivables and long-term receivables as at March 25, 2023: Current 1 -30 days past due 31 -60 days past due 61 -90 days past due Greater than 90 days past due Total Customer in-house receivables $ 7,400 $ 545 $ 129 $ 161 $ 957 $ 9,192 Other receivables 4,630 106 228 55 420 5,439 $ 12,030 $ 651 $ 357 $ 216 $ 1,377 $ 14,631 The following table disaggregates the Company’s accounts receivables and other receivables and long-term receivables as at March 26, 2022: Current 1 -30 days past due 31 -60 days past due 61 -90 days past due Greater than 90 days past due Total Customer in-house receivables $ 8,332 $ 211 $ 6 $ 46 $ 1,003 $ 9,598 Other receivables 3,973 — 119 34 1,121 5,247 $ 12,305 $ 211 $ 125 $ 80 $ 2,124 $ 14,845

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Mar. 25, 2023
Inventory Disclosure [Abstract]
Summary of Inventories, Net of Reserves	Inventories, net of reserves, are summarized as follows: As of March 25, 2023 March 26, 2022 (In thousands) Raw materials and work in progress $ 858 $ 716 Finished goods 87,499 78,191 $ 88,357 $ 78,907
Continuity of the Inventory Reserves	Continuity of the inventory reserves are as follows (in thousands): Balance March 28, 2020 $ 1,847 Additional charges 291 Deductions (200 ) Balance March 27, 2021 1,938 Additional charges 85 Deductions (248 ) Balance March 26, 2022 1,775 Additional charges 330 Deductions (230 ) Balance March 25, 2023 $ 1,875

Property and equipment (Tables)

Property and equipment (Tables)	12 Months Ended
	Mar. 25, 2023
Property, Plant and Equipment [Abstract]
Components of Property and Equipment	The components of property and equipment are as follows: As of March 25, 2023 March 26, 2022 (In thousands) Leasehold improvements 35,973 33,665 Furniture, fixtures and equipment 13,866 12,037 Software and electronic equipment 14,864 11,039 64,703 56,741 Accumulated depreciation and impairment charges (37,866 ) (33,960 ) $ 26,837 $ 22,781

Bank indebtedness (Tables)

Bank indebtedness (Tables)	12 Months Ended
	Mar. 25, 2023
Debt Disclosure [Abstract]
Summary of Company's Senior Credit Facility	The information concerning the Company’s bank indebtedness is as follows: Fiscal Year Ended March 25, 2023 March 26, 2022 (In thousands) Maximum borrowing outstanding during the year $ 59,367 $ 56,155 Average outstanding balance during the year $ 50,349 $ 47,155 Weighted average interest rate for the year 5.7% 2.7% Effective interest rate at year-end 6.9% 3.0%

Long-term debt (Tables)

Long-term debt (Tables)	12 Months Ended
	Mar. 25, 2023
Debt Disclosure [Abstract]
Summary of Long-Term Debt	(a) Long-term debt consists of the following: As of March 25, 2023 March 26, 2022 (In thousands) Term loan from SLR Credit Solutions, bearing interest at an annual rate of CDOR plus 7.75%, repayable at maturity in December 2026, secured by the assets of the Company (net of deferred financing costs of $247,000 and $314,000, respectively). Refer to Note 6 for additional information. 12,253 12,186 $10 million term loan from Investissement Québec, bearing interest at an annual rate of 3.14%, repayable in 60 equal payments beginning in July 2021 (net of deferred financing costs of $8,000 and $20,000, respectively). 6,825 8,816 $0.4 million term loan from Business Development Bank of Canada, bearing bearing interest at an annual rate of 8.3% repayable in 72 monthly payments beginning in May 2021. 303 374 USD $1.5 million cash advance owing to the Company’s controlling shareholder, Montel, bearing interest at an annual rate of 11%, net of with holding taxes (Note 14(c)) 2,064 1,875 Obligations under finance leases, at annual interest rates between secured 175 249 Eligible borrowing amount of up to $4.3 million loan from Investissement Québec, bearing interest at an annual rate of 1.41%, repayable in 60 equal payments beginning in June 2027 (net of deferred financing costs of $56,000) 2,690 — 24,313 23,500 Current portion of long-term debt 2,133 2,129 $ 22,180 $ 21,371
Summary of Future Minimum Lease Payments for Finance Leases	(d) Future minimum lease payments for finance leases required in the following five years are as follows (in thousands): Year ending March: 2024 $ 62 2025 64 2026 52 2027 — 2028 — 178 Less imputed interest 3 $ 175
Summary of Principal Payment on Long Term Debt Including Obligation Under Finance Lease	(e) Principal payments on long-term debt required in the following five years and thereafter, including obligations under finance leases, are as follows (in thousands): Year ending March: 2024 $ 2,133 2025 2,135 2026 2,123 2027 13,093 2028 475 Thereafter 4,354 $ 24,313

Benefit plans and stock-based_2

Benefit plans and stock-based compensation (Tables)	12 Months Ended
	Mar. 25, 2023
Statement [Line Items]
Summary of Status of Stock Options	A summary of the status of Birks’ stock options at March 25, 2023 is presented below: Options outstanding Options exercisable Exercise price Number outstanding Weighted average remaining life (years) Weighted average exercise price Number exercisable Weighted average exercise price $0.78 20,000 2.5 $ 0.78 20,000 $ 0.78 $1.43 12,000 3.6 1.43 12,000 1.43 32,000 2.9 $ 1.02 32,000 $ 1.02
Summary of Birks' Restricted Stock Units And Deferred Share Units	A summary of the status of the Company’s cash-settled RSUs and cash settled DSUs at March 25, 2023 is presented below: The fair value of cash settled DSUs is measured based on the Company’s share price at each period end. As at March 25, 2023, the liability for all cash settled DSU’s was $0.4 million (March 26, 2022—nil, March 27, 2021—$3.1 million). The closing stock price used to determine the liability for fiscal 2023 was $8.18. Total compensation cost (gain) for DSUs recognized in expense was $0.4 million, $1.5 million, and $3.0 million in fiscal 2023, 2022, and 2021. DSU Outstanding March 28, 2020 465,134 Grants of new units 223,878 Outstanding March 27, 2021 689,012 Grants of new units 61,470 Converted to equity-settled awards (750,482 ) Outstanding March 26, 2022 — Grants of new units 35,584 Outstanding March 25, 2023 35,584 The fair value of cash settled DSUs is measured based on the Company’s share price at each period end. As at March 25, 2023, the liability for all cash settled DSU’s was $0.4 million (March 26, 2022— nil, March 27, 2021—$3.1 million). The closing stock price used to determine the liability for fiscal 2023 was $8.18. Total compensation cost (gain) for DSUs recognized in expense was $0.4 million, $1.5 million, and $3.0 million in fiscal 2023, 2022, and 2021. RSU Outstanding March 28, 2020 — Grants of new units 375,000 Outstanding March 27, 2021 375,000 Converted to equity-settled awards (325,000 ) Outstanding March 26, 2022 50,000 Grants of new units — Outstanding March 25, 2023 50,000 A summary of the status of the Company’s equity-settled deferred share units at March 25, 2023 is presented below: DSU Outstanding March 27, 2021 — Converted from cash-settled awards 750,482 Outstanding March 26, 2022 and March 25, 2023 750,482 A summary of the status of the Company’s equity-settled restricted share units at March 25, 2023 is presented below: RSU Outstanding March 27, 2021 — Converted from cash-settled awards 325,000 Outstanding March 26, 2022 and March 25, 2023 325,000
Birks Stock Option Plan [Member]
Statement [Line Items]
Summary of Activity of Stock Option Plans and Arrangements	The following is a summary of the activity of Birks’ stock option plans and arrangements. Options Weighted average exercise price Outstanding March 28, 2020 704,818 $ 1.14 Exercised (226,853 ) 0.78 Forfeited (82,818 ) 1.43 Outstanding March 27, 2021 395,147 1.13 Exercised (138,147 ) 0.94 Forfeited — — Outstanding March 26, 2022 257,000 1.09 Exercised (225,000 ) 1.10 Forfeited — — Outstanding March 25, 2023 32,000 $ 1.02

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Mar. 25, 2023
Income Tax Disclosure [Abstract]
Summary of Net Deferred Tax Assets Related to Continuing Operations	The significant items comprising the Company’s net deferred tax assets at March 25, 2023 and March 26, 2022 are as follows: Fiscal Year Ended March 25, 2023 March 26, 2022 (In thousands) Deferred tax assets: Loss and tax credit carry forwards $ 13,282 $ 12,745 Difference between book and tax basis of property and equipment 7,396 6,024 Operating lease right-of-use asset 3,690 4,082 Other reserves not currently deductible 1,195 212 Other (743 ) (403 ) Net deferred tax asset before valuation allowance 24,820 22,660 Valuation allowance (24,820 ) (22,660 ) Net deferred tax asset $ — $ —
Components of Income Tax Expense (Benefit) from Continuing Operations	The Company’s income tax expense (benefit) consists of the following components: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Income tax expense (benefit): Current $ — $ — $ — Deferred (1,860 ) 1,781 (1,606 ) Valuation allowance 1,860 (1,781 ) 1,606 Income tax expense $ — $ — $ —
Schedule of Effective Income Tax Rate Reconciliation	The Company’s provision for income taxes varies from the amount computed by applying the statutory income tax rates for the reasons summarized below: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 Canadian statutory rate 25.9% 26.1% 26.2% Utilization of unrecognized losses and other tax attributes (25.0% ) (130.8% ) (27.3% ) Permanent differences and other (0.9% ) 104.7% (1.1% ) Total 0% 0% 0%
Summary of Non Capital Losses	Non Capital losses as (in thousands) Year ending March: Operating Expiring in 2024 — Expiring in 2025 — Expiring in 2026 3,390 Expiring in 2027 — Expiring in 2028 — Expiring in 2029 — Expiring in 2030 5,095 Expiring in 2031 3,575 Expiring after 2031 33,762 Total non-capital losses as of March 25, 2023 45,937

Capital stock (Tables)

Capital stock (Tables)	12 Months Ended
	Mar. 25, 2023
Equity [Abstract]
Summary of Common Stock Outstanding	The issued and outstanding shares are as follows: Class A common stock Class B common stock Total common stock Number of Shares Amount Number of Shares Amount Number of Shares Amount Balance as of March 27, 2021 10,610,973 $ 37,361 7,717,970 $ 57,755 18,328,943 $ 95,116 Exercise of stock options 186,970 522 — — 186,970 522 Balance as of March 26, 2022 10,795,443 $ 37,883 7,717,970 $ 57,755 18,513,413 $ 95,638 Exercise of stock options and warrants 315,056 1,136 — — 315,056 1,136 Balance as of March 25, 2023 11,112,999 $ 39,019 7,717,970 $ 57,755 18,830,969 $ 96,774

Leases (Tables)

Leases (Tables)	12 Months Ended
	Mar. 25, 2023
Leases [Abstract]
Consolidated Statement of Earnings	Amounts recognized in the consolidated statement of operations were as follows: March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Fixed operating lease expense $ 12,053 $ 12,155 $ 12,495 Variable operating lease expense (1) 5,007 3,482 927 Total lease expense $ 17,060 $ 15,637 $ 13,422 (1) In May 2020, the FASB issued guidance to Topic 842, Leases, exempting lessees from determining whether COVID-19 related rent concessions are lease modifications when certain conditions are met. In accordance with the guidance issued, the Company adopted the amendment effective March 29, 2020 and elected not to treat COVID-19 related rent concessions as lease modifications. As such, for the period ended March 25, 2023, rent concessions of $0.2 million (March 26, 2022 of $1.5 million, March 27, 2021 of $4.1 million) were recognized in the consolidated statement of operations as a negative variable rent expense. Variable operating lease expense includes percentage rent, taxes, mall advertising and common area maintenance charges The weighted average remaining operating lease term was 5 years and the weighted average discount rate was 10.0% for all of the Company’s operating leases as of March 25, 2023.
Supplemental Cash Flow Information Operating Lease	The following table provides supplemental cash flow information related to the Company’s operating leases: March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Cash outflows from operating activities attributable to operating leases (1) $ 14,235 $ 11,954 $ 9,186 Right-of-use assets obtained in exchange for Operating lease liabilities (2) 2,579 5,612 2,562 (1) Net of $0.2 million rent concessions associated to base rent for the period ended March 25, 2023 and net of $1.5 million and $4.1 million rent concessions associated to base rent for the periods ended March 26, 2022 and March 27, 2021, respectively. (2) Right-of-use assets obtained are recognized net of leasehold inducements. For the period ending March 25, 2023, leasehold inducements totaled $0.1 million of which $0.1 million is included in Accounts Receivable. For the period ending March 26, 2022, leasehold inducements totaled $1.0 million of which $0.7 million is included in Accounts Receivable .
Consolidated Balance Sheet For Operating Leases And Finance Leases	The following table reconciles the undiscounted cash flows expected to be paid in each of the next five fiscal years and thereafter to the operating lease liability recorded on the Consolidated Balance Sheet for operating leases and finance leases which is included in long-term debt on the existing as of March 25, 2023. Minimum Lease Payments as of March 25, 2023 (in thousands) Year ending March: Operating 2024 13,427 2025 12,575 2026 11,962 2027 11,607 2028 10,828 Thereafter 45,850 Total minimum lease payments 106,249 Less: amount of total minimum lease payments representing interest (36,502 ) Present value of future total minimum lease payments 69,747 Less: current portion of lease liabilities (6,758 ) Long-term lease liabilities $ 62,989 The Company has entered into a commitment to lease a store location for 10 years starting in November of 2024. The expected annual rent expense is $0.5 million.

Segmented information (Tables)

Segmented information (Tables)	12 Months Ended
	Mar. 25, 2023
Segment Reporting [Abstract]
Schedule of Information Relating to Segments	Certain information relating to the Company’s segments for the years ended March 25, 2023, March 26, 2022, and March 27, 2021, respectively, is set forth below: Retail Other Total 2023 2022 2021 2023 2022 2021 2023 2022 2021 (In thousands) Sales to external customers $ 153,428 $ 167,819 $ 130,758 $ 9,522 $ 13,523 $ 12,310 $ 162,950 $ 181,342 $ 143,068 Inter-segment sales — — — 493 574 681 493 574 681 Unadjusted Gross profit 67,184 72,061 51,029 6,961 6,961 5,989 71,924 79,022 57,018
Schedule of Reconciliations of Segments Gross Profits and Certain Unallocated Costs to Consolidated Gross Profits	The following sets forth reconciliations of the segments’ gross profits and certain unallocated costs to the Company’s consolidated gross profits for the years ended March 25, 2023, March 26, 2022, and March 27, 2021: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Unadjusted gross profit $ 71,924 $ 79,022 $ 57,018 Inventory provisions (849 ) (383 ) (736 ) Other unallocated costs (3,153 ) (2,445 ) 38 Adjustment of intercompany profit 38 26 30 Gross profit $ 67,960 $ 76,220 $ 56,350
Summary of Sales by Classes of Similar Products	Sales by classes of similar products and by channel were as follows: Retail Other Total 2023 2022 2021 2023 2022 2021 2023 2022 2021 (In thousands) Jewelry and other $ 77,611 $ 78,586 $ 55,743 $ 8,187 $ 11,936 $ 11,553 $ 85,798 $ 90,522 $ 67,296 Timepieces 75,817 89,233 75,015 1,135 1,587 757 77,152 90,820 75,772 $ 153,428 $ 167,819 $ 130,758 $ 9,522 $ 13,523 $ 12,310 $ 162,950 $ 181,342 $ 143,068

Related party transactions (Tab

Related party transactions (Tables)	12 Months Ended
	Mar. 25, 2023
Related Party Transactions [Abstract]
Balance Related to Related Parties	(a) The Company is party to certain related party transactions. Balances related to these related parties are disclosed in the consolidated financial statements except the following: Fiscal Year Ended March 25, 2023 March 26, 2022 March 27, 2021 (In thousands) Expenses incurred: Management fees to related parties (b) — — — Consultant fees to a related party (f) 205 237 209 Expense reimbursement to a related party (d) 35 36 30 Interest expense on cash advance received from controlling shareholder (c) 218 297 370 Compensation paid to a related party (e) 344 364 332 Balances: Accounts payable to related parties 117 75 66 Interest payable on cash advance received from controlling shareholder (c) 16 15 269 Receivable from joint venture (g) 1,815 1,543 —

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) $ in Millions		1 Months Ended	2 Months Ended		3 Months Ended	12 Months Ended
	Dec. 24, 2021	May 10, 2021 Store	Jun. 30, 2021 Store	Jun. 11, 2021 Class	Jun. 30, 2021 Store	Mar. 25, 2023 USD ($)	Mar. 26, 2022 USD ($)	Mar. 27, 2021 USD ($)	Jul. 20, 2021 USD ($)	Jul. 08, 2020 USD ($)
Organization And Description Of Business [Line Items]
Line of credit facility covenant terms cash minimum						$ 8.5
Net cash (used in) provided by operating activities from continuing operations						6.9	$ 18.6	$ (1.7)
Net Income Loss						$ 7.4	$ 1.3	$ 5.8
Working capital ratio						0.98
Number of stores closed during the period | Class				1
ONTARIO
Organization And Description Of Business [Line Items]
Number of stores closed during the period | Store			10
Ottawa [Member]
Organization And Description Of Business [Line Items]
Number of stores closed during the period | Store					2
QUEBEC
Organization And Description Of Business [Line Items]
Number of stores closed during the period | Store		1
Term Loan From Investment Quebec [Member]
Organization And Description Of Business [Line Items]
Long term debt,face value										$ 10
Long term debt duration										6 years
Term Loan From Investment Quebec [Member] | Secured Term Loan [Member]
Organization And Description Of Business [Line Items]
Debt instrument, unused borrowing capacity, amount						$ 6.8
Term Loan From Investment Quebec [Member] | New Ten Year Loan One [Member]
Organization And Description Of Business [Line Items]
Long term debt,face value									$ 4.3
Other loans payable long term non current						2.7
New Credit Facility [Member]
Organization And Description Of Business [Line Items]
Line of credit facility minimum excess availability						$ 8.5
Senior Secured Revolving Credit Facility [Member] | Wells Fargo Canada Corporation [Member]
Organization And Description Of Business [Line Items]
Revolving credit facility month of maturity	2022-10
Senior Secured Revolving Credit Facility [Member] | Wells Fargo Canada Corporation [Member] | Amendment To Senior Secured Revolving Credit Facility [Member]
Organization And Description Of Business [Line Items]
Revolving credit facility month of maturity	2026-12
Term Loan Facility [Member] | SLR Credit Solutions [Member]
Organization And Description Of Business [Line Items]
Term loan month of maturity	2022-10
Term Loan Facility [Member] | SLR Credit Solutions [Member] | Amendment To Senior Secured Revolving Credit Facility [Member]
Organization And Description Of Business [Line Items]
Term loan month of maturity	2026-12
Amended Credit Facility And Amended Term Loan [Member]
Organization And Description Of Business [Line Items]
Working capital ratio minimum						1.01

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands			12 Months Ended
	Mar. 26, 2023	Apr. 16, 2021	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021	Mar. 27, 2021
Significant Accounting Policies [Line Items]
Amounts receivable from credit card issuers			$ 1,300	$ 2,000
Accounts receivable periods			30 days
Intangible assets			$ 7,000	6,000
Accumulated amortization of intangible assets			1,000	1,000
Asset impairment charges			0	0	$ 0
Reimbursement of advertising cost			1,100	1,000		$ 700
Advertising and marketing expense			8,100	8,800		6,500
Accounts receivable, related parties			$ 1,815	1,543	$ 0	$ 0
Computer Software, Intangible Asset [Member]
Significant Accounting Policies [Line Items]
Finite lived intangible assets useful lives			5 years
RMBG Retail Vancouver ULC [Member]
Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage		49%
Accounts receivable, related parties			$ 1,800	$ 1,500
Contribution towards assets of the joint venture		$ 1,600
RMBG Retail Vancouver ULC [Member] | Subsequent Event [Member]
Significant Accounting Policies [Line Items]
Accounts Receivable has been repaid	$ 1,300
FWI LLC [Member] | RMBG Retail Vancouver ULC [Member]
Significant Accounting Policies [Line Items]
Equity Method Investment, Ownership Percentage		51%
Equity Option [Member]
Significant Accounting Policies [Line Items]
Outstanding
Warrant [Member]
Significant Accounting Policies [Line Items]
Outstanding				10,932	10,932
Cost of Goods Sold [Member]
Significant Accounting Policies [Line Items]
Foreign exchange gains (losses)			$ (1,400)	$ (200)	$ 1,600
Interest and Other Financial Costs [Member]
Significant Accounting Policies [Line Items]
Foreign exchange gains (losses)			$ (500)	$ 100	$ 1,300
Maximum [Member]
Significant Accounting Policies [Line Items]
Product return, Days			90 days
Consumer credit receivable charges			9.99%
Maximum [Member] | Trademarks and Trade Names [Member]
Significant Accounting Policies [Line Items]
Finite lived intangible assets useful lives			20 years
Minimum [Member]
Significant Accounting Policies [Line Items]
Product return, Days			10 days
Consumer credit receivable charges			0%
Minimum [Member] | Trademarks and Trade Names [Member]
Significant Accounting Policies [Line Items]
Finite lived intangible assets useful lives			15 years

Significant Accounting Polici_5

Significant Accounting Policies - Estimated Useful Lives of Assets (Detail)	12 Months Ended
	Mar. 25, 2023
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Leasehold improvements	Lesser of term of the lease or the economic life
Software and Electronic Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	1 year
Software and Electronic Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	6 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	8 years
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	3 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	8 years

Significant Accounting Polici_6

Significant Accounting Policies - Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Numerator:
Net income (loss)	$ (7,432)	$ 1,287	$ (5,838)
Denominator:
Weighted-average common shares outstanding	18,692	18,346	18,005
Income (Loss) per common share	$ (0.4)	$ 0.07	$ (0.32)
Numerator:
Net income (loss)	$ (7,432)	$ 1,287	$ (5,838)
Denominator:
Weighted-average common shares outstanding	18,692	18,346	18,005
Dilutive effect of stock options and warrants	0	448
Weighted-average common shares outstanding – diluted	18,692	18,794	18,005
Diluted income (loss) per common share	$ (0.4)	$ 0.07	$ (0.32)

Accounts Receivable and Other_3

Accounts Receivable and Other Receivables - Summary of Accounts Receivable, Net of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Receivables [Abstract]
Customer trade receivables	$ 6,237	$ 2,710
Other receivables	5,140	5,327
Total	$ 11,377	$ 8,037

Accounts Receivable and Other_4

Accounts Receivable and Other Receivables - Schedule of Continuity of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Receivables [Abstract]
Beginning balance	$ 1,209	$ 1,249	$ 965
Provision for credit losses	538	303	546
Net write-offs	(493)	(343)	(262)
Ending balance	$ 1,254	$ 1,209	$ 1,249

Accounts receivable and other_5

Accounts receivable and other receivables - Summary of Disaggregates the Company's Accounts Receivables and Long-Term Receivables (Detail) - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Accounts Receivable, Noncurrent, Past Due [Line Items]
Customer in-house receivables	$ 9,192	$ 9,598
Other receivables	5,439	5,247
Accounts receivable and other receivable non current net	14,631	14,845
Current
Accounts Receivable, Noncurrent, Past Due [Line Items]
Customer in-house receivables	7,400	8,332
Other receivables	4,630	3,973
Accounts receivable and other receivable non current net	12,030	12,305
1 -30 days past due
Accounts Receivable, Noncurrent, Past Due [Line Items]
Customer in-house receivables	545	211
Other receivables	106	0
Accounts receivable and other receivable non current net	651	211
31 -60 days past due
Accounts Receivable, Noncurrent, Past Due [Line Items]
Customer in-house receivables	129	6
Other receivables	228	119
Accounts receivable and other receivable non current net	357	125
61 -90 days past due
Accounts Receivable, Noncurrent, Past Due [Line Items]
Customer in-house receivables	161	46
Other receivables	55	34
Accounts receivable and other receivable non current net	216	80
Greater than 90 days past due
Accounts Receivable, Noncurrent, Past Due [Line Items]
Customer in-house receivables	957	1,003
Other receivables	420	1,121
Accounts receivable and other receivable non current net	$ 1,377	$ 2,124

Accounts Receivable and Other_6

Accounts Receivable and Other Receivables - Additional Information (Detail) - Non Accrual [Member] - USD ($) $ in Millions	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022
Accounts Receivables [Line Items]
Payment period of term loan	revolving lines of credit and /or installment plans under which the payment terms exceed one year
Outstanding amount of receivables	$ 2	$ 5.6

Inventories - Summary of Invent

Inventories - Summary of Inventories, Net of Reserves (Detail) - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Inventory Disclosure [Abstract]
Raw materials and work in progress	$ 858	$ 716
Finished goods	87,499	78,191
Total inventory	$ 88,357	$ 78,907

Inventories - Continuity of the

Inventories - Continuity of the Inventory Reserves (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Inventory Disclosure [Abstract]
Beginning balance	$ 1,775	$ 1,938	$ 1,847
Additional charges	330	85	291
Deductions	(230)	(248)	(200)
Ending balance	$ 1,875	$ 1,775	$ 1,938

Property and Equipment - Compon

Property and Equipment - Components of Property and Equipment (Detail) - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 64,703	$ 56,741
Accumulated depreciation and impairment charges	(37,866)	(33,960)
Property and equipment, Net	26,837	22,781
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	35,973	33,665
Accumulated depreciation and impairment charges	(1,700)	(6,200)
Furniture Fixtures And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	13,866	12,037
Software and Electronic Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 14,864	$ 11,039

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Property, Plant and Equipment [Line Items]
Gross fixed assets write down	$ 37,866	$ 33,960
Assets Held under Capital Leases [Member]
Property, Plant and Equipment [Line Items]
Property and plant under capital lease arrangement, net book value	300	300
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross fixed assets write down	$ 1,700	$ 6,200

Bank Indebtedness - Additional

Bank Indebtedness - Additional Information (Detail) $ in Millions			12 Months Ended
	Dec. 24, 2021	Oct. 23, 2017 USD ($)	Mar. 25, 2023 CAD ($)	Mar. 25, 2023 USD ($)	Mar. 26, 2022 USD ($)	Feb. 20, 2019 USD ($)	Jan. 20, 2019 USD ($)	Jun. 29, 2018 USD ($)
Line of Credit Facility [Line Items]
Bank indebtedness				$ 57,890,000	$ 43,157,000
New credit facility maturity date	Dec. 31, 2026
Line of credit facility covenant terms cash minimum				8,500,000
Minimum excess availability percentage of borrowings			40%
Minimum excess availability percentage of line cap			25%
Mortgage on movable property (general) under the Civil Code (Quebec)			$ 200
Credit Facility [Member]
Line of Credit Facility [Line Items]
Minimum excess availability		$ 8,500,000
Senior secured credit facility		$ 85,000
New credit facility maturity date		Oct. 31, 2022
Total commitments		$ 5,000,000
Line of credit facility covenant terms cash minimum		$ 8,500,000
Term Loan [Member]
Line of Credit Facility [Line Items]
Minimum excess availability								$ 8,500,000
Interest rate of CDOR plus spread								7%
Long-term senior secured term loan								$ 12,500,000
Senior secured revolving credit facility, seasonal availability block						$ 2,000,000	$ 5,000,000
Line of credit facility covenant terms cash minimum								$ 8,500,000
AmendedCredit Facility [Member]
Line of Credit Facility [Line Items]
Bank indebtedness				57,900,000	43,200,000
Long-term Debt, Gross				58,300,000	43,700,000
Senior secured revolving credit facility, excess availability				12,900,000	19,100,000
New credit facility maturity date	Dec. 31, 2026
Debt Issuance Costs, Net				$ 400,000	$ 500,000
Maximum [Member]
Line of Credit Facility [Line Items]
Fixed charge coverage ratio			1.1
Maximum [Member] | Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate of CDOR plus spread		2%
Maximum [Member] | Amended Term Loan [Member]
Line of Credit Facility [Line Items]
Interest rate of CDOR plus spread	7.75%
Minimum [Member]
Line of Credit Facility [Line Items]
Fixed charge coverage ratio			1
Minimum [Member] | Credit Facility [Member]
Line of Credit Facility [Line Items]
Interest rate of CDOR plus spread		1.50%
Minimum [Member] | Amended Term Loan [Member]
Line of Credit Facility [Line Items]
Interest rate of CDOR plus spread	6.75%

Bank Indebtedness - Summary of

Bank Indebtedness - Summary of Company's Senior Credit Facility (Detail) - Senior Secured Notes [Member] - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022
Line of Credit Facility [Line Items]
Maximum borrowing outstanding during the year	$ 59,367	$ 56,155
Average outstanding balance during the year	$ 50,349	$ 47,155
Weighted average interest rate for the year	5.70%	2.70%
Effective interest rate at year-end	6.90%	3%

Long-term debt - Summary of Lon

Long-term debt - Summary of Long Term Debt (Detail) - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Debt Instrument [Line Items]
Obligations under finance leases	$ 175
Long-term debt and Capital lease obligations	24,313	$ 23,500
Long-term debt:
Current portion of long-term debt	2,133	2,129
Long-term debt	$ 22,180	$ 21,371
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Obligations under finance leases	Obligations under finance leases
Term Loan From Investment Of Quebec Annual Interest Rate Three Point One Four Percent [Member]
Debt Instrument [Line Items]
Long-term debt	$ 6,825	$ 8,816
Term loan From Business Development Bank of Canada [Member]
Debt Instrument [Line Items]
Long-term debt	303	374
Investissement Qubec One [Member]
Debt Instrument [Line Items]
Long-term debt	2,690	0
Secured Debt [Member] | Furniture And Equipment [Member]
Debt Instrument [Line Items]
Obligations under finance leases	175	249
Cash Contribution one [Member] | Montel [Member]
Debt Instrument [Line Items]
Long-term debt	2,064	1,875
Term Loan Facility Repayable At October Two Thousand Twenty Two [Member] | Term Loan From SLR Credit Solutions CDOR Plus Eight Point Two Five Percent [Member]
Debt Instrument [Line Items]
Long-term debt	$ 12,253	$ 12,186

Long-term debt - Summary of L_2

Long-term debt - Summary of Long Term Debt (Parenthetical) (Detail) - USD ($)			12 Months Ended
	Apr. 12, 2021	Jul. 08, 2020	Mar. 25, 2023	Mar. 26, 2022
Finance Lease Obligations [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage Rate			2.20%	2.20%
Finance Lease Obligations [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage Rate			3.90%	3.90%
Investissement Québec [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage Rate		3.14%	3.14%
Long-term debt		$ 10,000,000	$ 10,000,000
Repayment of debt term		60 months	60 months
Deferred financing costs			$ 8,000,000	$ 20,000,000
Term loan From Business Development Bank of Canada [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage Rate	8.30%
Long-term debt			$ 303,000	$ 374,000
Repayment of debt term	72 months
Debt Instrument, Face Amount	$ 400,000
Debt instrument first required payment month year	2021-05
Loan From Investment Of Quebec Annual Interest Rate One Point Four one Percent [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage Rate			1.41%
Repayment of debt term			60 months
Deferred financing costs			$ 56,000
Debt Instrument, Face Amount			$ 4,300,000
Debt instrument first required payment month year			2027-06
Cash Contribution one [Member] | Montel [Member]
Debt Instrument [Line Items]
Interest on Cash advances			11%	11%
Cash received from related party			$ 1,500,000	$ 1,500,000
Long-term debt			$ 2,064,000	1,875,000
Term Loan Facility Repayable At October Two Thousand Twenty Two [Member] | Term Loan From SLR Credit Solutions CDOR Plus Eight Point Two Five Percent [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Rate Stated Percentage Rate			7.75%
Net of deferred financing costs			$ 247,000	314,000
Long-term debt			$ 12,253,000	$ 12,186,000

Long-term debt - Additional Inf

Long-term debt - Additional Information (Detail) $ in Thousands				12 Months Ended
	Mar. 25, 2023 USD ($)	Apr. 12, 2021 USD ($)	Jul. 08, 2020 USD ($)	Mar. 25, 2023 USD ($)	Mar. 26, 2022 USD ($)
Line of Credit Facility [Line Items]
Outstanding letters of credit	$ 400			$ 400	$ 600
Working capital ratio	0.98			0.98
Investissement Québec [Member]
Line of Credit Facility [Line Items]
Debt instrument, term				6 years
Long-term debt	$ 10,000		$ 10,000	$ 10,000
Debt Instrument Interest Rate Stated Percentage Rate	3.14%		3.14%	3.14%
Repayment of debt term			60 months	60 months
Working capital ratio			1.01
Term loan From Business Development Bank of Canada [Member]
Line of Credit Facility [Line Items]
Debt instrument, term		5 years
Long-term debt	$ 303			$ 303	374
Debt Instrument Interest Rate Stated Percentage Rate		8.30%
Repayment of debt term		72 months
Debt Instrument, Face Amount		$ 400
Long-term Debt, Gross	$ 300			300	400
Loan From Investment Of Quebec One [Member]
Line of Credit Facility [Line Items]
Debt instrument, term	10 years
Long-term debt	$ 2,700			$ 2,700	$ 0
Debt Instrument Interest Rate Stated Percentage Rate	1.41%			1.41%
Repayment of debt term	60 months
Working capital ratio	1.01			1.01
Debt Instrument, Face Amount	$ 4,300			$ 4,300

Long-term debt - Summary of Fut

Long-term debt - Summary of Future Minimum Lease Payments for Finance Leases (Detail) $ in Thousands	Mar. 25, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 62
2025	64
2026	52
2027	0
2028	0
Total minimum lease payments	178
Less imputed interest	3
Total	$ 175

Long-term debt - Summary of Pri

Long-term debt - Summary of Principal Payment on Long Term Debt Including Obligation Under Finance Lease (Detail) $ in Thousands	Mar. 25, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 2,133
2025	2,135
2026	2,123
2027	13,093
2028	475
Thereafter	4,354
Total	$ 24,313

Benefit Plans and Stock-Based_3

Benefit Plans and Stock-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Thousands, $ in Thousands								12 Months Ended
	Sep. 21, 2022 shares	Dec. 20, 2021 USD ($) shares	Sep. 16, 2021 shares	Sep. 17, 2020 shares	Oct. 07, 2019 shares	Jun. 20, 2019 shares	Nov. 01, 2005 USD ($)	Mar. 25, 2023 USD ($) $ / shares shares	Mar. 25, 2023 CAD ($) shares	Mar. 26, 2022 USD ($) $ / shares shares	Mar. 26, 2022 CAD ($) shares	Mar. 27, 2021 USD ($) $ / shares shares	Jan. 19, 2022 shares	Mar. 26, 2021 shares	Mar. 28, 2020 shares	Mar. 27, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding								32,000		257,000		395,147				704,818
Shares reserved for issuance													1,500,000
Warrants and rights outstanding expire date								Aug. 20, 2022
Additional compensation expense | $							$ 0
Class of warrants or rights exercised during period shares								90,056	90,056	48,823	48,823
Modification of certain awards from cash settled to equity settled | $										$ 5,495
Class A Common Stock Voting Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Class of warrant or right oustanding warrants exercisable during period, shares								0	0	202,661	202,661	251,484
Proceeds from warrant exercises								$ 149,000	$ 205,000	$ 163,000	$ 210,000
Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Class of warrants or rights exercised during period shares								90,056	90,056	48,823	48,823
Common Stock Voting Shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance												1,796,088
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement closing stock price | $ / shares								$ 8.18		$ 5.12		$ 3.62
Deferred Stock Units Dsu [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense | $								$ 400		$ 1,500		$ 3,000
Share based compensation arrangement closing stock price | $ / shares								$ 8.18				$ 8.18
Cash Settled Deferred Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted								35,584	35,584	61,470	61,470	223,878
Number of shares outstanding								35,584		0		689,012			465,134
Share based compensation arrangement fair value of cash settled based on intrinsic value | $								$ 400		$ 0		$ 3,100
Equity Settled Deferred Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding										750,482		0
Cash Settled Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense | $								$ 300		$ 800		$ 300
Units granted								0	0			375,000
Number of shares outstanding								50,000		50,000		375,000			0
Share based compensation arrangement fair value of cash settled based on intrinsic value | $								$ 500		$ 200		$ 300
Share based compensation arrangement weighted average remaining contractual life								3 months 18 days	3 months 18 days
Modification of certain awards from cash settled to equity settled | $		$ 900
Share based compensation arrangement by share based payment award equity instruments other than options conversion to equity settled awards		325,000
Equity Settled Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense | $								$ 500		$ 200		$ 0
Number of shares outstanding										325,000		0		325,000
Omnibus LTIP [Member] | Common Stock Voting Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding								12,000
Exercise price | $ / shares								$ 1.43
Expiration period								10 years	10 years
Total compensation cost for recognized expenses | $								$ 0		$ 0		$ 0
Shares reserved for issuance												1,000,000		1,000,000
Omnibus LTIP [Member] | Stock Appreciation Rights (SARs) [Member] | Common Stock Voting Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation grants in period gross												0
Omnibus LTIP [Member] | Deferred Stock Units Dsu [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement by share based payment award equity instruments other than options conversion to equity settled awards								0	0	0	0	0
Omnibus LTIP [Member] | Cash Settled Deferred Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted	35,584		61,470	223,878	157,890	86,954
Number of shares outstanding								35,584		0		689,012
Share based compensation arrangement by share based payment award equity instruments other than options vested in period		750,482
Modification of certain awards from cash settled to equity settled | $		$ 4,600
Omnibus LTIP [Member] | Equity Settled Deferred Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding								750,482		750,482		0
Omnibus LTIP [Member] | Cash Settled Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted				375,000
Long Term Incentive Plan [Member] | Common Stock Voting Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Long term incentive plan stock appreciation rights, weighted average exercise price | $ / shares								$ 1.14
Options outstanding								20,000
Long Term Incentive Plan [Member] | Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation recognized liability | $								$ 400		$ 300
Long Term Incentive Plan [Member] | Stock Appreciation Rights (SARs) [Member] | Common Stock Voting Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercisable								35,000
Percentage of Outstanding Stock Options Fully Vested								100%	100%
Share based compensation grants in period gross								0	0	0	0

Benefit Plans and Stock-Based_4

Benefit Plans and Stock-Based Compensation - Summary of Activity of Stock Option Plans and Arrangements (Detail) - $ / shares	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding Beginning balance	257,000	395,147	704,818
Exercised	(225,000)	(138,147)	(226,853)
Forfeited	0	0	(82,818)
Outstanding Ending balance	32,000	257,000	395,147
Outstanding Beginning balance	$ 1.09	$ 1.13	$ 1.14
Exercised	1.1	0.94	0.78
Forfeited	0	0	1.43
Outstanding Ending balance	$ 1.02	$ 1.09	$ 1.13

Benefit Plans and Stock-Based_5

Benefit Plans and Stock-Based Compensation - Summary of Status of Stock Options (Detail) - $ / shares	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021	Mar. 27, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, Weighted average exercise price	$ 1.02	$ 1.09	$ 1.13	$ 1.14
Options Outstanding [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, Number outstanding	32,000
Options outstanding, Weighted average remaining life (years)	2 years 10 months 24 days
Options outstanding, Weighted average exercise price	$ 1.02
Options Outstanding [Member] | Range One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, Number outstanding	20,000
Options outstanding, Weighted average remaining life (years)	2 years 6 months
Options outstanding, Weighted average exercise price	$ 0.78
Options Outstanding [Member] | Range Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, Number outstanding	12,000
Options outstanding, Weighted average remaining life (years)	3 years 7 months 6 days
Options outstanding, Weighted average exercise price	$ 1.43
Options Exercisable [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable, Number exercisable	32,000
Options exercisable, Weighted average exercise price	$ 1.02
Options Exercisable [Member] | Range One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable, Number exercisable	20,000
Options exercisable, Weighted average exercise price	$ 0.78
Options Exercisable [Member] | Range Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercisable, Number exercisable	12,000
Options exercisable, Weighted average exercise price	$ 1.43

Benefit Plans and Stock-Based_6

Benefit Plans and Stock-Based Compensation - Summary of Birks' Restricted Stock Units And Deferred Share Units (Detail) - shares	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Cash Settled Deferred Share Units [Member]
Schedule Restricted Stock Options And Deferred Stock Units [Line Items]
Beginning balance	0	689,012	465,134
Grants of new units	35,584	61,470	223,878
Converted to equity-settled awards		(750,482)
Ending balance	35,584	0	689,012
Cash Settled Restricted Stock Units [Member]
Schedule Restricted Stock Options And Deferred Stock Units [Line Items]
Beginning balance	50,000	375,000	0
Grants of new units	0		375,000
Converted to equity-settled awards		(325,000)
Ending balance	50,000	50,000	375,000
Equity Settled Deferred Share Units [Member]
Schedule Restricted Stock Options And Deferred Stock Units [Line Items]
Beginning balance	750,482	0
Converted to equity-settled awards		750,482
Ending balance		750,482	0
Equity Settled Restricted Stock Units [Member]
Schedule Restricted Stock Options And Deferred Stock Units [Line Items]
Beginning balance	325,000	0
Converted to equity-settled awards		325,000
Ending balance		325,000	0

Income taxes - Additional Infor

Income taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022
Tax Credit Carryforward [Line Items]
Non cash valuation allowance	$ 24,820	$ 22,660
Federal non capital losses	$ 45,937
Earliest Tax Year [Member]
Tax Credit Carryforward [Line Items]
Open tax year	2016
Latest Tax Year [Member]
Tax Credit Carryforward [Line Items]
Open tax year	2023
Domestic Tax Authority [Member]
Tax Credit Carryforward [Line Items]
Federal non capital losses	$ 45,900
Domestic Tax Authority [Member] | Investment Tax Credit Carryforward [Member]
Tax Credit Carryforward [Line Items]
Capital losses	200
Domestic Tax Authority [Member] | Capital Loss Carryforward [Member]
Tax Credit Carryforward [Line Items]
Capital losses	$ 1,400

Income Taxes - Summary of Net D

Income Taxes - Summary of Net Deferred Tax Assets Related to Continuing Operations (Detail) - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Deferred tax assets:
Loss and tax credit carry forwards	$ 13,282	$ 12,745
Difference between book and tax basis of property and equipment	7,396	6,024
Operating lease right-of-use asset	3,690	4,082
Other reserves not currently deductible	1,195	212
Other	(743)	(403)
Net deferred tax asset before valuation allowance	24,820	22,660
Valuation allowance	(24,820)	(22,660)
Net deferred tax asset	$ 0	$ 0

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) from Continuing Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Income Tax Disclosure [Abstract]
Current	$ 0	$ 0	$ 0
Deferred	(1,860)	1,781	(1,606)
Valuation allowance	1,860	(1,781)	1,606
Income tax expense	$ 0	$ 0	$ 0

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Detail)	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Income Tax Disclosure [Abstract]
Canadian statutory rate	25.90%	26.10%	26.20%
Utilization of unrecognized losses and other tax attributes	(25.00%)	(130.80%)	(27.30%)
Permanent differences and other	(0.90%)	104.70%	(1.10%)
Total	0%	0%	0%

Income Taxes - Summary of Non C

Income Taxes - Summary of Non Capital Losses (Detail) $ in Thousands	Mar. 25, 2023 USD ($)
Operating Loss Carryforwards [Line Items]
Non Capital losses	$ 45,937
Expiring in 2024 [Member]
Operating Loss Carryforwards [Line Items]
Non Capital losses	0
Expiring in 2025 [Member]
Operating Loss Carryforwards [Line Items]
Non Capital losses	0
Expiring in 2026 [Member]
Operating Loss Carryforwards [Line Items]
Non Capital losses	3,390
Expiring in 2027 [Member]
Operating Loss Carryforwards [Line Items]
Non Capital losses	0
Expiring in 2028 [Member]
Operating Loss Carryforwards [Line Items]
Non Capital losses	0
Expiring in 2029 [Member]
Operating Loss Carryforwards [Line Items]
Non Capital losses	0
Expiring in 2030 [Member]
Operating Loss Carryforwards [Line Items]
Non Capital losses	5,095
Expiring in 2031 [Member]
Operating Loss Carryforwards [Line Items]
Non Capital losses	3,575
Expiring after 2031 [Member]
Operating Loss Carryforwards [Line Items]
Non Capital losses	$ 33,762

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail)	Mar. 25, 2023 Vote Class $ / shares	Mar. 26, 2022 $ / shares
Class of Stock [Line Items]
Preferred shares par value | $ / shares	$ 0	$ 0
Number of classes of common stock outstanding | Class	2
Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock voting rights per share	1
Class B Common Stock [Member]
Class of Stock [Line Items]
Common stock voting rights per share	10

Capital Stock - Summary of Comm

Capital Stock - Summary of Common Stock Outstanding (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022
Class of Stock [Line Items]
Beginning Balance, Shares	18,513,413	18,328,943
Exercise of stock options and warrants, Shares	315,056	186,970
Ending Balance, Shares	18,830,969	18,513,413
Balance as of beginning balance	$ 95,638	$ 95,116
Exercise of stock options and warrants	1,136	522
Balance as of ending balance	$ 96,774	$ 95,638
Class A Common Stock [Member]
Class of Stock [Line Items]
Beginning Balance, Shares	10,795,443	10,610,973
Exercise of stock options and warrants, Shares	315,056	186,970
Ending Balance, Shares	11,112,999	10,795,443
Balance as of beginning balance	$ 37,883	$ 37,361
Exercise of stock options and warrants	1,136	522
Balance as of ending balance	$ 39,019	$ 37,883
Class B Common Stock [Member]
Class of Stock [Line Items]
Beginning Balance, Shares	7,717,970	7,717,970
Exercise of stock options and warrants, Shares	0	0
Ending Balance, Shares	7,717,970	7,717,970
Balance as of beginning balance	$ 57,755	$ 57,755
Exercise of stock options and warrants	0	0
Balance as of ending balance	$ 57,755	$ 57,755

Leases - Summary of Consolidate

Leases - Summary of Consolidated Statement Of Earnings (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Leases [Abstract]
Fixed operating lease expense	$ 12,053	$ 12,155	$ 12,495
Variable operating lease expense	5,007	3,482	927
Total lease expense	$ 17,060	$ 15,637	$ 13,422

Leases - Summary of Consolida_2

Leases - Summary of Consolidated Statement Of Earnings (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Variable Rent Expense [Member]
Summary Of Consolidated Statement Of Earnings [Line Items]
Rent concessions recognized amount	$ 0.2	$ 1.5	$ 4.1

Leases - Summary Of Supplementa

Leases - Summary Of Supplemental Cash Flow Information Operating Lease (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Leases [Abstract]
Cash outflows from operating activities attributable to operating leases	$ 14,235	$ 11,954	$ 9,186
Right-of-use assets obtained in exchange for operating lease liabilities	$ 2,579	$ 5,612	$ 2,562

Leases - Summary Of Supplemen_2

Leases - Summary Of Supplemental Cash Flow Information Operating Lease (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Summary Of Supplemental Cash Flow Information Operating Lease [Line Items]
Rent Concessions associated to base rent	$ 0.2	$ 1.5	$ 4.1
Leasehold Inducements	0.1	1
Accounts Receivable [Member]
Summary Of Supplemental Cash Flow Information Operating Lease [Line Items]
Leasehold Inducements	$ 0.1	$ 0.7

Leases - Summary Of Consolida_3

Leases - Summary Of Consolidated Balance Sheet For Operating Leases And Finance Leases (Detail) - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Leases [Abstract]
2024	$ 13,427
2025	12,575
2026	11,962
2027	11,607
2028	10,828
Thereafter	45,850
Total minimum lease payments	106,249
Less: amount of total minimum lease payments representing interest	(36,502)
Present value of future total minimum lease payments	69,747
Less: current portion of lease liabilities	(6,758)	$ (6,963)
Long-term lease liabilities	$ 62,989	$ 66,757

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	12 Months Ended
	Mar. 25, 2023 USD ($)
Operating Leased Assets [Line Items]
Weighted average remaining lease term operating leases	5 years
Weighted average discount rate operating leases	10%
Commencing in 2024 [Member]
Operating Leased Assets [Line Items]
Lessee operating lease not yet commenced term of contract	10 years
Estimated annual expenses for operating lease expenses to be commenced in the future	$ 0.5

Contingencies - Additional Info

Contingencies - Additional Information (Detail) - USD ($) $ in Millions	Mar. 25, 2023	Mar. 26, 2022
Commitments and Contingencies Disclosure [Abstract]
Guaranteed amount of private label credit card sales	$ 1.3	$ 1.2
Reserve associated with guaranteed credit card sales	$ 0	$ 0

Segmented Information - Additio

Segmented Information - Additional Information (Detail)	12 Months Ended
	Mar. 25, 2023 Store Segment Location	Mar. 26, 2022 Store
Segment Information [Line Items]
Number of reportable segments | Segment	2
Birks Brand [Member]
Segment Information [Line Items]
Number of Stores Closed	2	3
Number of Stores Opened	0
Birks Brand [Member] | Retail Segment [Member]
Segment Information [Line Items]
Number of retail stores	21
Brinkhaus Brand [Member] | Retail Segment [Member]
Segment Information [Line Items]
Number of retail locations | Location	2

Segmented Information - Schedul

Segmented Information - Schedule of Information Relating to Segments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Segment Reporting Information [Line Items]
Revenues	$ 162,950	$ 181,342	$ 143,068
Unadjusted gross profit	71,924	79,022	57,018
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	493	574	681
Retail Segment [Member]
Segment Reporting Information [Line Items]
Unadjusted gross profit	67,184	72,061	51,029
Retail Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	153,428	167,819	130,758
Other Segments [Member]
Segment Reporting Information [Line Items]
Unadjusted gross profit	6,961	6,961	5,989
Other Segments [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	493	574	681
Other Segments [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	$ 9,522	$ 13,523	$ 12,310

Segmented Information - Sched_2

Segmented Information - Schedule of Reconciliations of Segments Gross Profits and Certain Unallocated Costs to Consolidated Gross Profits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Segment Reporting [Abstract]
Unadjusted gross profit	$ 71,924	$ 79,022	$ 57,018
Inventory provisions	(849)	(383)	(736)
Other unallocated costs	(3,153)	(2,445)	38
Adjustment of intercompany profit	38	26	30
Gross profit	$ 67,960	$ 76,220	$ 56,350

Segmented Information - Summary

Segmented Information - Summary of Sales by Classes of Similar Products (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Product Information [Line Items]
Net sales, total	$ 162,950	$ 181,342	$ 143,068
Retail Segment [Member] | Operating Segments [Member]
Product Information [Line Items]
Net sales, total	153,428	167,819	130,758
Other Segments [Member] | Operating Segments [Member]
Product Information [Line Items]
Net sales, total	9,522	13,523	12,310
Jewelry and Other [Member]
Product Information [Line Items]
Net sales, total	85,798	90,522	67,296
Jewelry and Other [Member] | Retail Segment [Member] | Operating Segments [Member]
Product Information [Line Items]
Net sales, total	77,611	78,586	55,743
Jewelry and Other [Member] | Other Segments [Member] | Operating Segments [Member]
Product Information [Line Items]
Net sales, total	8,187	11,936	11,553
Timepieces [Member]
Product Information [Line Items]
Net sales, total	77,152	90,820	75,772
Timepieces [Member] | Retail Segment [Member] | Operating Segments [Member]
Product Information [Line Items]
Net sales, total	75,817	89,233	75,015
Timepieces [Member] | Other Segments [Member] | Operating Segments [Member]
Product Information [Line Items]
Net sales, total	$ 1,135	$ 1,587	$ 757

Related Party Transactions - Ba

Related Party Transactions - Balance Related to Related Parties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Expenses incurred:
Management fees to related parties	$ 0	$ 0	$ 0
Consultant fees to a related party	205	237	209
Expense reimbursement to a related party	35	36	30
Interest expense on cash advance received from controlling shareholder	218	297	370
Compensation paid to a related party	344	364	332
Accounts payable to related parties	117	75	66
Interest payable on cash advance received from controlling shareholder	16	15	269
Receivable from joint venture	$ 1,815	$ 1,543	$ 0

Related party transactions - Ad

Related party transactions - Additional Information (Detail)											1 Months Ended		3 Months Ended	6 Months Ended	12 Months Ended
	May 31, 2019 USD ($)	May 31, 2019 CAD ($)	Nov. 01, 2018 EUR (€)	Nov. 01, 2018 CAD ($)	Mar. 28, 2018 EUR (€)	Mar. 28, 2018 CAD ($)	Jan. 01, 2017 EUR (€)	Jan. 01, 2017 CAD ($)	Jan. 01, 2016 EUR (€)	Jan. 01, 2016 CAD ($)	May 31, 2009 USD ($)	May 31, 2009 CAD ($)	Mar. 27, 2021 USD ($)	Dec. 31, 2020	Mar. 25, 2023 USD ($)	Mar. 25, 2023 EUR (€)	Mar. 25, 2023 CAD ($)	Mar. 26, 2022 USD ($)	Mar. 26, 2022 EUR (€)	Mar. 26, 2022 CAD ($)	Mar. 27, 2021 USD ($)	Mar. 27, 2021 EUR (€)	Mar. 27, 2021 CAD ($)	Mar. 25, 2023 CAD ($)	Mar. 26, 2022 CAD ($)	Apr. 16, 2021
Related Party Transaction [Line Items]
Amount paid to related party			€ 40,000	$ 61,000					€ 140,000
Related party expenses															$ 35,000			$ 36,000			$ 30,000
Annual compensation							€ 250,000	$ 388,000
Accounts receivable, related parties													$ 0		1,815,000			1,543,000			$ 0
RMBG Retail Vancouver ULC [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage																										49%
Accounts receivable, related parties															1,800,000			$ 1,500,000
Proceeds from customers															$ 1,300,000
RMBG Retail Vancouver ULC [Member] | FWI LLC [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage																										51%
Executive Chairman [Member]
Related Party Transaction [Line Items]
Related party costs																€ 250,000	$ 344,000		€ 250,000	$ 364,000		€ 213,000	$ 332,000
Executive Chairman [Member] | COVID-19 [Member]
Related Party Transaction [Line Items]
Percentage of fee reduction													20%	10%	20%	20%	20%	20%	20%	20%	20%	20%	20%
Niccolo rossi Chairman of Executive [Member]
Related Party Transaction [Line Items]
Related party expenses															$ 260,000		$ 340,000
Montrovest BV [Member]
Related Party Transaction [Line Items]
Cash received from related party											$ 1,500,000	$ 2,000,000
Annual interest rate															11%	11%	11%
Effective interest rate															12%									12%
Advances payable to related party															$ 1,500,000									$ 2,100,000	$ 1,900,000
Gestofi [Member]
Related Party Transaction [Line Items]
Amount paid to related party										$ 202,000						€ 0			€ 0			€ 0
Notice days for non renewal									60 days	60 days
Agreement additional renewal term									1 year	1 year
Regaluxe [Member]
Related Party Transaction [Line Items]
Agreement additional renewal term															1 year	1 year	1 year
Related party expenses	$ 130,000															€ 24,000	$ 35,000		24,000	$ 35,000		20,000	$ 30,000
Regaluxe [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Related party expenses		$ 170,000
Carlo coda [Member]
Related Party Transaction [Line Items]
Related party expenses					€ 146,801	$ 222,000
Related party costs																€ 149,000	$ 205,000		€ 162,000	$ 237,000		€ 135,000	$ 209,000

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 25, 2023	Mar. 26, 2022
Fair Value Disclosures [Abstract]
Bank indebtedness	$ 57,890	$ 43,157
Long-term debt bearing interest at variable rates	12,300	12,200
Fixed-rate long-term debt	12,100	11,000
Fair value of fixed long-term debt and other long-term liabilities	$ 12,000	$ 10,200

Government grants - Additional

Government grants - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Mar. 25, 2023	Mar. 26, 2022	Mar. 27, 2021
Canadian emergency wage subsidy program [Member]
Government Grants [Line Items]
Proceeds from government grant		$ 0.5
Canadian emergency rent subsidy program [Member]
Government Grants [Line Items]
Proceeds from government grant		0.5
Accounts receivable [Member] | Canadian emergency wage subsidy program [Member]
Government Grants [Line Items]
Government grant receivable	$ 0	0
Accounts receivable [Member] | Canadian emergency rent subsidy program [Member]
Government Grants [Line Items]
Government grant receivable	0	0
Selling general and administrative expenses [Member] | Canadian emergency wage subsidy program [Member]
Government Grants [Line Items]
Government grant recognized	0	0.5	$ 1.4
Selling general and administrative expenses [Member] | Canadian emergency rent subsidy program [Member]
Government Grants [Line Items]
Government grant recognized	$ 0	$ 0.5	$ 0.5