Boot Barn (BOOT) 10-Q30 Oct 242025 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Sep. 28, 2024	Oct. 29, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 28, 2024
Entity File Number	001-36711
Entity Registrant Name	Boot Barn Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	90-0776290
Entity Address, Address Line One	15345 Barranca Pkwy
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92618
City Area Code	949
Local Phone Number	453-4400
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	BOOT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		30,525,252
Current Fiscal Year End Date	--03-29
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001610250
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024
Current assets:
Cash and cash equivalents	$ 37,377	$ 75,847
Accounts receivable, net	7,886	9,964
Inventories	712,991	599,120
Prepaid expenses and other current assets	48,851	44,718
Total current assets	807,105	729,649
Property and equipment, net	368,289	323,667
Right-of-use assets, net	429,020	390,501
Goodwill	197,502	197,502
Intangible assets, net	58,677	58,697
Other assets	6,184	5,576
Total assets	1,866,777	1,705,592
Current liabilities:
Accounts payable	153,564	132,877
Accrued expenses and other current liabilities	134,302	116,477
Short-term lease liabilities	70,540	63,454
Total current liabilities	358,406	312,808
Deferred taxes	41,267	42,033
Long-term lease liabilities	446,068	403,303
Other liabilities	4,378	3,805
Total liabilities	850,119	761,949
Commitments and contingencies (Note 6)
Stockholders' equity:
Common stock, $0.0001 par value; September 28, 2024 - 100,000 shares authorized, 30,824 shares issued; March 30, 2024 - 100,000 shares authorized, 30,572 shares issued	3	3
Preferred stock, $0.0001 par value; 10,000 shares authorized, no shares issued or outstanding
Additional paid-in capital	244,931	232,636
Retained earnings	791,363	723,026
Less: Common stock held in treasury, at cost, 298 and 228 shares at September 28, 2024 and March 30, 2024, respectively	(19,639)	(12,022)
Total stockholders' equity	1,016,658	943,643
Total liabilities and stockholders' equity	$ 1,866,777	$ 1,705,592

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 28, 2024	Mar. 30, 2024
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common Stock, shares issued (in shares)	30,823,649	30,572,000
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred Stock, shares issued (in shares)	0	0
Preferred Stock, shares outstanding (in shares)	0	0
Common Stock, shares held in treasury (in shares)	298,000	228,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 425,799	$ 374,456	$ 849,185	$ 758,151
Type of Revenue	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Cost of goods sold	$ 272,941	$ 240,540	$ 539,578	$ 482,272
Type of Cost of Service	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Gross profit	$ 152,858	$ 133,916	$ 309,607	$ 275,879
Selling, general and administrative expenses	112,879	95,338	219,406	191,056
Income from operations	39,979	38,578	90,201	84,823
Interest expense	384	463	735	1,486
Other income (loss), net	949	(50)	1,545	174
Income before income taxes	40,544	38,065	91,011	83,511
Income tax expense	11,116	10,385	22,674	21,578
Net income	$ 29,428	$ 27,680	$ 68,337	$ 61,933
Earnings per share:
Basic (in dollars per share)	$ 0.96	$ 0.92	$ 2.24	$ 2.06
Diluted (in dollars per share)	$ 0.95	$ 0.90	$ 2.21	$ 2.03
Weighted average shares outstanding:
Basic (in shares)	30,510	30,137	30,471	30,029
Diluted (in shares)	30,899	30,627	30,859	30,540

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Total
Balance at Apr. 01, 2023	$ 3	$ 209,964	$ 576,030	$ (9,547)	$ 776,450
Balance (in shares) at Apr. 01, 2023	30,072,000
Balance - Treasury Shares (in shares) at Apr. 01, 2023				(192,000)
Increase (Decrease) in Stockholders' Equity
Net income			34,253		34,253
Issuance of common stock related to stock-based compensation		345			345
Issuance of common stock related to stock-based compensation (in shares)	123,000
Tax withholding for net share settlement				$ (2,305)	(2,305)
Tax withholding for net share settlement (in shares)				(34,000)
Stock-based compensation expense		4,953			4,953
Balance at Jul. 01, 2023	$ 3	215,262	610,283	$ (11,852)	813,696
Balance (in shares) at Jul. 01, 2023	30,195,000
Balance - Treasury Shares (in shares) at Jul. 01, 2023				(226,000)
Balance at Apr. 01, 2023	$ 3	209,964	576,030	$ (9,547)	776,450
Balance (in shares) at Apr. 01, 2023	30,072,000
Balance - Treasury Shares (in shares) at Apr. 01, 2023				(192,000)
Increase (Decrease) in Stockholders' Equity
Net income					61,933
Balance at Sep. 30, 2023	$ 3	226,379	637,963	$ (11,959)	852,386
Balance (in shares) at Sep. 30, 2023	30,511,000
Balance - Treasury Shares (in shares) at Sep. 30, 2023				(227,000)
Balance at Jul. 01, 2023	$ 3	215,262	610,283	$ (11,852)	813,696
Balance (in shares) at Jul. 01, 2023	30,195,000
Balance - Treasury Shares (in shares) at Jul. 01, 2023				(226,000)
Increase (Decrease) in Stockholders' Equity
Net income			27,680		27,680
Issuance of common stock related to stock-based compensation		8,237			8,237
Issuance of common stock related to stock-based compensation (in shares)	316,000
Tax withholding for net share settlement				$ (107)	(107)
Tax withholding for net share settlement (in shares)				(1,000)
Stock-based compensation expense		2,880			2,880
Balance at Sep. 30, 2023	$ 3	226,379	637,963	$ (11,959)	852,386
Balance (in shares) at Sep. 30, 2023	30,511,000
Balance - Treasury Shares (in shares) at Sep. 30, 2023				(227,000)
Balance at Mar. 30, 2024	$ 3	232,636	723,026	$ (12,022)	$ 943,643
Balance (in shares) at Mar. 30, 2024	30,572,000
Balance - Treasury Shares (in shares) at Mar. 30, 2024				(228,000)	(228,000)
Increase (Decrease) in Stockholders' Equity
Net income			38,909		$ 38,909
Issuance of common stock related to stock-based compensation		951			951
Issuance of common stock related to stock-based compensation (in shares)	228,000
Tax withholding for net share settlement				$ (7,445)	(7,445)
Tax withholding for net share settlement (in shares)				(69,000)
Stock-based compensation expense		5,764			5,764
Balance at Jun. 29, 2024	$ 3	239,351	761,935	$ (19,467)	981,822
Balance (in shares) at Jun. 29, 2024	30,800,000
Balance - Treasury Shares (in shares) at Jun. 29, 2024				(297,000)
Balance at Mar. 30, 2024	$ 3	232,636	723,026	$ (12,022)	$ 943,643
Balance (in shares) at Mar. 30, 2024	30,572,000
Balance - Treasury Shares (in shares) at Mar. 30, 2024				(228,000)	(228,000)
Increase (Decrease) in Stockholders' Equity
Net income					$ 68,337
Balance at Sep. 28, 2024	$ 3	244,931	791,363	$ (19,639)	$ 1,016,658
Balance (in shares) at Sep. 28, 2024	30,824,000				30,525,252
Balance - Treasury Shares (in shares) at Sep. 28, 2024				(298,000)	(298,000)
Balance at Jun. 29, 2024	$ 3	239,351	761,935	$ (19,467)	$ 981,822
Balance (in shares) at Jun. 29, 2024	30,800,000
Balance - Treasury Shares (in shares) at Jun. 29, 2024				(297,000)
Increase (Decrease) in Stockholders' Equity
Net income			29,428		29,428
Issuance of common stock related to stock-based compensation		480			480
Issuance of common stock related to stock-based compensation (in shares)	24,000
Tax withholding for net share settlement				$ (172)	(172)
Tax withholding for net share settlement (in shares)				(1,000)
Stock-based compensation expense		5,100			5,100
Balance at Sep. 28, 2024	$ 3	$ 244,931	$ 791,363	$ (19,639)	$ 1,016,658
Balance (in shares) at Sep. 28, 2024	30,824,000				30,525,252
Balance - Treasury Shares (in shares) at Sep. 28, 2024				(298,000)	(298,000)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income	$ 68,337	$ 61,933
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	29,540	22,597
Stock-based compensation	10,864	7,833
Amortization of intangible assets	20	27
Noncash lease expense	32,229	26,487
Amortization and write-off of debt issuance fees and debt discount	54	54
Loss on disposal of assets	134	298
Deferred taxes	(766)	2,993
Changes in operating assets and liabilities:
Accounts receivable, net	2,097	3,046
Inventories	(113,871)	3,921
Prepaid expenses and other current assets	(4,397)	9,243
Other assets	(608)	1,302
Accounts payable	19,722	7,051
Accrued expenses and other current liabilities	9,897	13,600
Other liabilities	573	510
Operating leases	(20,283)	(15,435)
Net cash provided by operating activities	33,542	145,460
Cash flows from investing activities
Purchases of property and equipment	(65,403)	(64,687)
Net cash used in investing activities	(65,403)	(64,687)
Cash flows from financing activities
Payments on line of credit, net		(66,043)
Repayments on debt and finance lease obligations	(423)	(428)
Tax withholding payments for net share settlement	(7,617)	(2,412)
Proceeds from the exercise of stock options	1,431	8,582
Net cash used in financing activities	(6,609)	(60,301)
Net (decrease)/increase in cash and cash equivalents	(38,470)	20,472
Cash and cash equivalents, beginning of period	75,847	18,193
Cash and cash equivalents, end of period	37,377	38,665
Supplemental disclosures of cash flow information:
Cash paid for income taxes	17,770	2,822
Cash paid for interest	677	1,399
Supplemental disclosure of non-cash activities:
Unpaid purchases of property and equipment	$ 24,061	$ 14,103

Business Operations

Business Operations	6 Months Ended
Business Operations	Sep. 28, 2024
Business Operations
Business Operations	BOOT BARN HOLDINGS, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENT S (Unaudited) 1. Business Operations Boot Barn Holdings, Inc. (the “Company”), the parent holding company of the group of operating subsidiaries that conduct the Boot Barn business, was formed on November 17, 2011, and is incorporated in the State of Delaware. The equity of the Company consists of 100,000,000 authorized shares and 30,823,649 issued and 30,525,252 outstanding shares of common stock as of September 28, 2024. The shares of common stock have voting rights of one vote per share. The Company operates specialty retail stores and e-commerce websites that sell western and work boots and related apparel and accessories. The Company operates retail locations throughout the United States and sells its merchandise via the internet. The Company operated a total of 425 stores in 46 states as of September 28, 2024 and 400 stores in 45 states as of March 30, 2024. As of September 28, 2024, all stores operate under the Boot Barn name. Recent Developments Our business and opportunities for growth depend on consumer discretionary spending, and as such, the Company’s results are particularly sensitive to economic conditions and consumer confidence. I nflation and other challenges affecting the global economy could impact operations and Basis of Presentation The Company’s condensed consolidated financial statements as of September 28, 2024 and March 30, 2024 and for the thirteen and twenty-six weeks ended September 28, 2024 and September 30, 2023 are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and include the accounts of the Company and each of its subsidiaries, consisting of Boot Barn, Inc., RCC Western Stores, Inc., Baskins Acquisition Holdings, LLC, Sheplers, LLC and Sheplers Holding LLC (together with Sheplers, LLC, “Sheplers”). All intercompany accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation. The vast majority of the Company’s identifiable assets are in the United States. Certain information and footnote disclosures normally included in the Company’s annual consolidated financial statements have been condensed or omitted. In the opinion of management, the interim condensed consolidated financial statements reflect all adjustments that are of a normal and recurring nature necessary to fairly present the Company’s financial position, results of operations and cash flows in all material respects as of the dates and for the periods presented. The results of operations presented in the interim condensed consolidated financial statements are not necessarily indicative of the results that may be expected for the fiscal year ending March 29, 2025. Fiscal Periods The Company reports its results of operations and cash flows on a 52- or 53-week basis ending on the last Saturday of March unless April 1st is a Saturday, in which case the fiscal year ends on April 1st. In a 52-week year, each quarter includes thirteen weeks of operations; in a 53-week fiscal year, the first, second and third quarters each include thirteen weeks of operations and the fourth quarter includes fourteen weeks of operations. Both the current fiscal year ending on March 29, 2025 (“fiscal 2025”) and the fiscal year ended on March 30, 2024 (“fiscal 2024”) consist of 52 weeks.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Sep. 28, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Information regarding the Company’s significant accounting policies is contained in Note 2, “Summary of Significant Accounting Policies”, to the consolidated financial statements included in the Company’s Fiscal 2024 10-K. Presented below and in the following notes is supplemental information that should be read in conjunction with those consolidated financial statements. Comprehensive Income The Company does not have any components of other comprehensive income recorded within its condensed consolidated financial statements and, therefore, does not separately present a statement of comprehensive income in its condensed consolidated financial statements. Segment Reporting GAAP has established guidance for reporting information about a company’s operating segments, including disclosures related to a company’s products and services, geographic areas and major customers. The Company’s retail stores and e-commerce websites represent two operating segments. Given the similar qualitative and economic characteristics of the two operating segments, the Company’s retail stores and e-commerce websites are aggregated into one reporting segment in accordance with guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 280, Segment Reporting Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Among the significant estimates affecting the Company’s condensed consolidated financial statements are those relating to revenue recognition, lease accounting, inventories, goodwill, intangible and long-lived assets, stock-based compensation and income taxes. Management regularly evaluates its estimates and assumptions based upon historical experience and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. To the extent actual results differ from those estimates, the Company’s future results of operations may be affected. Inventories Inventories consist primarily of purchased merchandise and are valued at the lower of cost or net realizable value. Cost is determined using the weighted-average cost method and includes the cost of merchandise and import-related costs, including freight, duty and agent commissions. The Company assesses the recoverability of inventory through a periodic review of historical usage and present demand. When the inventory on hand exceeds the foreseeable demand, the value of inventory that, at the time of the review, is not expected to be sold at or above cost is written down to its estimated net realizable value. Leases Operating and finance lease liabilities are recognized at the lease commencement date based on the present value of the fixed lease payments using the Company's incremental borrowing rates for its population of leases. Related operating and finance lease right-of-use (“ROU”) assets are recognized based on the initial present value of the fixed lease payments, reduced by cash payments received from landlords as lease incentives, plus any prepaid rent and other direct costs from executing the leases. Amortization of both operating and finance lease right-of-use assets is performed on a straight-line basis and recorded as part of rent expense in cost of goods sold and selling, general and administrative expenses on the consolidated statements of operations. The majority of total lease costs is recorded as part of cost of goods sold, with the balance recorded in selling, general and administrative expenses on the condensed consolidated statements of operations. The interest expense amortization component of the finance lease liabilities is recorded within interest expense on the condensed consolidated statements of operations. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Variable lease payments are recognized as lease expense as they are incurred. Fair Value of Certain Financial Assets and Liabilities The Company follows FASB ASC Topic 820, Fair Value Measurements and Disclosures ● Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. ● Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates, incremental borrowing rates, and volatility, can be corroborated by readily observable market data. ● Level 3 uses one or more significant inputs that are unobservable and supported by little or no market activity, and reflect the use of significant management judgment. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant management judgment or estimation. The Company’s Level 3 assets include certain acquired businesses and the evaluation of store impairment. Cash and cash equivalents, accounts receivable and accounts payable are classified according to the lowest level input that is significant to the fair value measurement. As a result, the asset or liability could be classified as Level 2 or Level 3 even though there may be certain significant inputs that are readily observable. The Company believes that the recorded value of its financial instruments approximates their current fair values because of their nature and respective relatively short maturity dates or duration. Although market quotes for the fair value of the outstanding debt arrangement discussed in Note 4, “Revolving Credit Facility”, is not readily available, the Company believes that its carrying value approximates fair value due to the variable interest rates, which are Level 2 inputs. There were no financial assets or liabilities Revenue Recognition Revenue is recorded for store sales upon the purchase of merchandise by customers. Sales are recorded net of taxes collected from customers. Transfer of control takes place at the point at which the customer receives and pays for the merchandise at the register. E-commerce sales are recorded when control transfers to the customer, which generally occurs upon delivery of the product. Shipping and handling revenues are included in total net sales. Shipping costs incurred by the Company are included in cost of goods sold. Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions, estimated future award redemption and other promotions. The sales returns reserve reflects an estimate of sales returns based on projected merchandise returns determined through the use of historical average return percentages. The total reserve for returns is recorded in accrued expenses and other current liabilities in the consolidated balance sheets. The Company accounts for the return asset and liability separately on a gross basis. The Company maintains a customer loyalty program. Under the program, customers accumulate points based on purchase activity. For customers to maintain their active point balance, they must make a qualifying purchase of merchandise at least once in a 365-day period. Once a loyalty program member achieves a certain point level, the member earns awards that may be redeemed for credits on merchandise purchases. To redeem awards, the member must make a qualifying purchase of merchandise within 60 days of the date the award was granted. Unredeemed awards and accumulated partial points are accrued as unearned revenue until redemption or expiration and, upon redemption or expiration, as an adjustment to net sales using the relative standalone selling price method. The unearned revenue for this program is recorded in accrued expenses and other current liabilities on the consolidated balance sheets and was $5.4 million and $4.5 million as of September 28, 2024, and September 30, 2023, respectively. The following table provides a reconciliation of the activity related to the Company’s customer loyalty program: Customer Loyalty Program (in thousands) September 28, 2024 September 30, 2023 Beginning balance as of March 30, 2024 and April 1, 2023, respectively $ 5,050 $ 4,145 Year-to-date provisions 8,100 7,223 Year-to-date award redemptions (7,740) (6,880) Ending balance $ 5,410 $ 4,488 Proceeds from the sale of gift cards are deferred until the customers use the cards to acquire merchandise. Gift cards, gift certificates and store credits do not have expiration dates, and unredeemed gift cards, gift certificates and store credits are subject to state escheatment laws. Amounts remaining after escheatment are recognized in net sales in the period escheatment occurs and the liability is considered to be extinguished. The Company defers recognition of a layaway sale and its related profit to the accounting period when the customer receives the layaway merchandise. Income from the redemption of gift cards, gift card breakage, and the sale of layaway merchandise is included in net sales. Deferred revenue is recorded in accrued expenses and other current liabilities in the consolidated balance sheets. The following table provides a reconciliation of the activity related to the Company’s gift card program: Gift Card Program (in thousands) September 28, 2024 September 30, 2023 Beginning balance as of March 30, 2024 and April 1, 2023, respectively $ 23,649 $ 19,855 Year-to-date issued 13,934 13,154 Year-to-date redemptions (15,124) (14,081) Ending balance $ 22,459 $ 18,928 Disaggregated Revenue The Company disaggregates net sales into the following major merchandise categories: Thirteen Weeks Ended Twenty-Six Weeks Ended % of Net Sales September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Footwear 48 % 49 % 49 % 49 % Apparel 35 % 35 % 35 % 34 % Hats, accessories and other 17 % 16 % 16 % 17 % Total 100 % 100 % 100 % 100 % The Company further disaggregates net sales between stores and e-commerce: Thirteen Weeks Ended Twenty-Six Weeks Ended % of Net Sales September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Stores 90 % 90 % 90 % 90 % E-commerce 10 % 10 % 10 % 10 % Total 100 % 100 % 100 % 100 % Recent Accounting Pronouncements In December 2023, the FASB issued Accounting Standards Update (“ASU’) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU requires disaggregated information about an entity’s effective tax rate reconciliation, as well as information on income taxes paid. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2024. The amendments should be applied on a prospective basis, although retrospective application is permitted. The Company is currently evaluating the impact of adoption on its financial disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The amendment improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied on a retrospective basis to all periods presented. The Company is currently evaluating the impact of adoption on its financial disclosures.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	6 Months Ended
Goodwill and Intangible Assets, Net	Sep. 28, 2024
Goodwill and Intangible Assets, Net
Goodwill and Intangible Assets, Net	3. Goodwill and Intangible Assets, Net The Company performs its annual goodwill impairment assessment on the first day of its fourth fiscal quarter, or more frequently if it believes that indicators of impairment exist. The Company’s goodwill balance was $197.5 million as of both September 28, 2024 and March 30, 2024. As of September 28, 2024, the Company had identified no indicators of impairment with respect to its goodwill and intangible asset balances. During both the thirteen and twenty-six weeks ended September 28, 2024 and September 30, 2023, the Company did not record any long-lived asset impairment charges. Net intangible assets as of September 28, 2024 and March 30, 2024 consisted of the following (in thousands, except for weighted average useful life): September 28, 2024 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life Customer lists—definite lived $ 345 $ (345) $ — 5.0 Trademarks—indefinite lived 58,677 — 58,677 Total intangible assets $ 59,022 $ (345) $ 58,677 March 30, 2024 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life Customer lists—definite lived $ 345 $ (325) $ 20 5.0 Trademarks—indefinite lived 58,677 — 58,677 Total intangible assets $ 59,022 $ (325) $ 58,697 Amortization expense for intangible assets totaled less than $0.1 million for both the thirteen and twenty-six weeks ended September 28, 2024 and September 30, 2023, and is included in selling, general and administrative expenses.

Revolving Credit Facilities

Revolving Credit Facilities	6 Months Ended
Revolving Credit Facilities	Sep. 28, 2024
Revolving Credit Facilities
Revolving Credit Facilities	4. Revolving Credit Facility The Company has a $250.0 million syndicated senior secured asset-based revolving credit facility (the “Wells Fargo Revolver”) for which Wells Fargo Bank, National Association is agent (“Wells Fargo”). Under the Wells Fargo Revolver, the sublimit for letters of credit is $10.0 million, and the maturity date is July 11, 2027. Revolving credit loans under the Wells Fargo Revolver bear interest at per annum rates equal to, at the Company’s option, either (i) Adjusted Term Secured Overnight Financing Rate (defined as “Term SOFR” for the applicable interest period plus a fixed credit spread adjustment of 0.10%) plus an applicable margin for Term SOFR loans, or (ii) the base rate plus an applicable margin for base rate loans. The base rate is calculated at the highest of (a) the federal funds rate plus 0.5%, (b) the Wells Fargo prime rate and (c) Term SOFR for a one-month tenor in effect on such day plus 1.0%. The applicable margin is calculated based on a pricing grid that in each case is linked to quarterly average excess availability. For Term SOFR loans, the applicable margin ranges from 1.00% to 1.25%, and for base rate loans it ranges from 0.00% to 0.25%. The interest on base rate loans under the Wells Fargo Revolver is payable in quarterly installments ending on the maturity date and for Term SOFR loans is payable on the earlier of the last day of each interest period applicable thereto, or on each three-month interval of such interest period. The Company also pays a commitment fee of 0.25% per annum of the actual daily amount of the unutilized revolving loans. The borrowing base of the Wells Fargo Revolver is calculated on a monthly basis and is based on the amount of eligible credit card receivables, commercial accounts, inventory, and available reserves. The amounts outstanding under the Wells Fargo Revolver and letter of credit commitments as of September 28, 2024 and March 30, 2024 were zero and $2.3 million, respectively. Total interest expense incurred on the Wells Fargo Revolver during the thirteen and twenty-six weeks ended September 28, 2024 was $0.2 million and $0.4 million, respectively, and the weighted average interest rate for the thirteen weeks ended September 28, 2024 was 8.5%. Total interest expense incurred on the Wells Fargo Revolver during the thirteen and twenty-six weeks ended September 30, 2023 was $0.3 million and $1.2 million, respectively, and the weighted average interest rate for the thirteen weeks ended September 30, 2023 was 8.2%. All obligations under the Wells Fargo Revolver are unconditionally guaranteed by the Company and each of its direct and indirect domestic subsidiaries (other than certain immaterial subsidiaries), which are not named as borrowers under the Wells Fargo Revolver. The Wells Fargo Revolver contains customary provisions relating to mandatory prepayments, restricted payments, voluntary payments, affirmative and negative covenants, and events of default. In addition, the terms of the Wells Fargo Revolver require the Company to maintain, on a consolidated basis, a Consolidated Fixed Charge Coverage Ratio (as defined in the Wells Fargo Revolver) of at least 1.00:1.00 during such times as a covenant trigger event shall exist. The Wells Fargo Revolver also requires the Company to pay additional interest of 2.0% per annum upon triggering certain specified events of default set forth therein. For financial accounting purposes, the requirement for the Company to pay a higher interest rate upon an event of default is an embedded derivative. As of September 28, 2024, the fair value of this embedded derivative was estimated and was not significant. As of September 28, 2024, the Company was in compliance with the Wells Fargo Revolver debt covenants. Debt Issuance Costs Debt issuance costs totaling $1.7 million have been incurred under the Wells Fargo Revolver and are included as assets on the condensed consolidated balance sheets in prepaid expenses and other current assets. Total unamortized debt issuance costs were $0.3 million and $0.4 million as of September 28, 2024 and March 30, 2024, respectively. These amounts are being amortized to interest expense over the term of the Wells Fargo Revolver. Total amortization expense of less than $0.1 million related to the Wells Fargo Revolver is included as a component of interest expense in both the thirteen weeks ended September 28, 2024 and September 30, 2023. Total amortization expense of $0.1 million related to the Wells Fargo Revolver is included as a component of interest expense in both the twenty-six weeks ended September 28, 2024 and September 30, 2023.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Sep. 28, 2024
Stock-Based Compensation
Stock-Based Compensation	5. Stock-Based Compensation Equity Incentive Plans On October 19, 2014, the Company approved the 2014 Equity Incentive Plan, which was amended as of August 24, 2016 (as amended, the “2014 Plan”). The 2014 Plan authorized the Company to issue awards to employees, consultants and directors for up to a total of 3,600,000 shares of common stock, par value $0.0001 per share eight four one one four On August 26, 2020 (the “Effective Date”), the Company’s stockholders approved the Boot Barns Holdings, Inc. 2020 Equity Incentive Plan, and on August 25, 2021, the Company’s stockholders approved Amendment No. 2021-1 to the Boot Barn Holdings, Inc. 2020 Equity Incentive Plan (as amended, the “2020 Plan”). Following the approval of the 2020 Plan, no further grants have been made under the 2014 Plan. The 2020 Plan authorizes the issuance of awards to employees (including executive officers) of the Company or any of its subsidiaries or other Affiliates (as defined in the 2020 Plan) and non-employee directors of the Company’s board of directors or any member of any board of directors of any Affiliate for up to a total of 2,000,000 shares of common stock, par value $0.0001 per share one three Stock Options During both the thirteen and twenty-six weeks ended September 28, 2024 and September 30, 2023, the Company did not grant options to purchase shares. The following table summarizes the stock option activity for the twenty-six weeks ended September 28, 2024: Grant Date Weighted Weighted Average Aggregate Stock Average Remaining Intrinsic Options Exercise Price Contractual Life Value (1) (in years) (in thousands) Outstanding at March 30, 2024 340,605 $ 40.00 Granted — — Exercised (61,483) 23.27 $ 6,253 Cancelled, forfeited or expired — — Outstanding at September 28, 2024 279,122 $ 43.69 5.7 $ 33,893 Vested and expected to vest after September 28, 2024 279,122 $ 43.69 5.7 $ 33,893 Exercisable at September 28, 2024 192,933 $ 24.36 4.8 $ 27,157 (1) Intrinsic value for stock options is defined as the difference between the market price of the Company’s common stock on the last business day of the fiscal quarter and the weighted average exercise price of the in-the-money stock options outstanding at the end of each fiscal period. A summary of the status of non-vested stock options as of September 28, 2024, including changes during the twenty-six weeks ended September 28, 2024, is presented below: Weighted- Average Grant Date Shares Fair Value Nonvested at March 30, 2024 154,487 $ 30.63 Granted — — Vested (68,298) 10.71 Nonvested shares forfeited — — Nonvested at September 28, 2024 86,189 $ 46.41 Restricted Stock Units During the thirteen weeks ended September 28, 2024, the Company did not grant restricted stock units. During the twenty-six weeks ended September 28, 2024, the Company granted 96,060 restricted stock units to various non-employee directors and employees under the 2020 Plan. The restricted stock units granted to employees vest in three first During the thirteen weeks ended September 30, 2023, the Company did not grant restricted stock units. During the twenty-six weeks ended September 30, 2023, the Company granted 132,713 restricted stock units to various non-employee directors and employees under the 2020 Plan. The restricted stock units granted to employees vest in three first Performance Share Units During both the thirteen weeks ended September 28, 2024 and September 30, 2023, the Company did not grant performance share units. During the twenty-six weeks ended September 28, 2024 and September 30, 2023, the Company granted 61,530 and 112,740 performance share units, respectively, to various employees under the 2020 Plan with grant date fair values of $6.9 million and $7.3 million, respectively. Performance share units are stock-based awards in which the number of shares ultimately received depends on the Company’s performance against its cumulative earnings per share target over a three-year performance period. The performance period for the awards granted during the twenty-six weeks ended September 28, 2024 began March 31, 2024 and ends March 27, 2027, and the performance period for the awards granted during the twenty-six weeks ended September 30, 2023 began April 2, 2023 and ends March 28, 2026. The performance metrics for these awards were established at the beginning of the performance periods. At the end of the performance periods, the number of performance share units to be issued is fixed based upon the degree of achievement of the performance goals. If the cumulative three-year performance goals are below the threshold level, the number of performance share units to vest will be 0%, if the performance goals are at the threshold level, the number of performance share units to vest will be 50% of the target amounts, if the performance goals are at the target level, the number of performance share units to vest will be 100% of the target amounts, and if the performance goals are at the maximum level, the number of performance share units to vest will be 200% of the target amounts, each subject to continued service by the applicable award recipients through the last day of the performance periods (subject to certain exceptions). If performance is between threshold and target goals or between target and maximum goals, the number of performance share units that vest will be determined by linear interpolation. The number of shares ultimately issued can range from 0% to 200% of the participant’s target award. The grant date fair value of the performance share units granted during both the twenty-six weeks ended September 28, 2024 and September 30, 2023, respectively, was initially measured using the Company's closing stock price on the dates of grant with the resulting stock compensation expense recognized on a straight-line basis over the three-year vesting periods (subject to certain exceptions). The expense recognized over the vesting periods is adjusted up or down on a quarterly basis based on the anticipated performance level during the performance periods. If the performance metrics are not probable of achievement during the performance periods, any previously recognized stock compensation expense is reversed. The awards are forfeited if the threshold performance goals are not achieved as of the end of the performance periods. Stock-Based Compensation Expense Stock-based compensation expense was $5.1 million and $2.9 million for the thirteen weeks ended September 28, 2024 and September 30, 2023, respectively. Stock-based compensation expense was $10.9 million and $7.8 million for the twenty-six weeks ended September 28, 2024 and September 30, 2023, respectively. Stock-based compensation expense of $1.0 million and $0.4 million was recorded in cost of goods sold in the condensed consolidated statements of operations for the thirteen weeks ended September 28, 2024 and September 30, 2023, respectively. Stock-based compensation expense of $2.8 million and $1.8 million was recorded in cost of goods sold in the condensed consolidated statements of operations for the twenty-six weeks ended September 28, 2024 and September 30, 2023, respectively. All other stock-based compensation expense is included in selling, general and administrative expenses in the condensed consolidated statements of operations. As of September 28, 2024, there was $0.8 million of total unrecognized stock-based compensation expense related to unvested stock options, with a weighted-average remaining recognition period of 0.62 years. As of September 28, 2024, there was $12.8 million of total unrecognized stock-based compensation expense related to restricted stock units, with a weighted-average remaining recognition period of 1.99 years. As of September 28, 2024, there was $11.3 million of total unrecognized stock-based compensation expense related to performance share units, with a weighted-average remaining recognition period of 2.34 years.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Sep. 28, 2024
Commitments and Contingencies
Commitments and Contingencies	6. Commitments and Contingencies The Company is involved, from time to time, in litigation that is incidental to its business. The Company has reviewed these matters to determine if reserves are required for losses that are probable and reasonable to estimate in accordance with FASB ASC Topic 450, Contingencies The Company is also subject to certain other pending or threatened litigation matters incidental to its business. In management's opinion, none of these legal matters, individually or in the aggregate, will have a material effect on the Company's financial position, results of operations, or liquidity. During the normal course of its business, the Company has made certain indemnifications and commitments under which the Company may be required to make payments for certain transactions. These indemnifications include those given to various lessors in connection with facility leases for certain claims arising from such facility leases, and indemnifications to directors and officers of the Company to the maximum extent permitted under the laws of the State of Delaware. The majority of these indemnifications and commitments do not provide for any limitation of the maximum potential future payments the Company could be obligated to make, and their duration may be indefinite. The Company has not recorded any liability for these indemnifications and commitments in the condensed consolidated balance sheets as the impact is expected to be immaterial.

Leases

Leases	6 Months Ended
Leases	Sep. 28, 2024
Leases
Leases	7. Leases The Company does not own any real estate. Instead, most of its retail store locations are occupied under operating leases. The store leases generally have a base lease term of five , on average, exercisable at the Company’s option. The Company is generally responsible for the payment of property taxes and insurance, utilities and common area maintenance fees. Some leases also require additional payments based on percentage of sales. Lease terms include the non-cancellable portion of the underlying leases along with any reasonably certain lease periods associated with available renewal periods, termination options and purchase options. ROU assets are tested for impairment in the same manner as long-lived assets. During both the thirteen and twenty-six weeks ended September 28, 2024 and September 30, 2023, the Company did not record ROU asset impairment charges related to its stores. ROU assets and lease liabilities as of September 28, 2024 and March 30, 2024 consisted of the following: September 28, 2024 March 30, 2024 Balance Sheet Classification (in thousands) (in thousands) Assets Finance lease assets Right-of-use assets, net $ 8,163 $ 8,537 Operating lease assets Right-of-use assets, net 420,857 381,964 Total lease assets $ 429,020 $ 390,501 Liabilities Current Finance Short-term lease liabilities $ 910 $ 873 Operating Short-term lease liabilities 69,630 62,581 Total short-term lease liabilities $ 70,540 $ 63,454 Non-Current Finance Long-term lease liabilities $ 13,968 $ 14,428 Operating Long-term lease liabilities 432,100 388,875 Total long-term lease liabilities $ 446,068 $ 403,303 Total lease liabilities $ 516,608 $ 466,757 Total lease costs for the thirteen and twenty-six weeks ended September 28, 2024 and September 30, 2023 were: Thirteen Weeks Ended Twenty-Six Weeks Ended (in thousands) September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Finance lease cost Amortization of right-of-use assets $ 187 $ 207 $ 374 $ 413 Interest on lease liabilities 160 169 321 341 Total finance lease cost $ 347 $ 376 $ 695 $ 754 Operating lease cost $ 22,248 $ 17,777 $ 43,670 $ 35,079 Short-term lease cost 961 1,034 1,620 1,840 Variable lease cost 7,715 6,192 15,067 12,134 Total lease cost $ 31,271 $ 25,379 $ 61,052 $ 49,807 The following table summarizes future lease payments as of September 28, 2024: Operating Leases Finance Leases Fiscal Year (in thousands) (in thousands) 2025 (Remainder) $ 36,619 $ 762 2026 95,299 1,552 2027 87,107 1,590 2028 76,634 1,629 2029 69,161 1,669 Thereafter 250,904 11,226 Total 615,724 18,428 Less: Imputed interest (113,994) (3,550) Present value of net lease payments $ 501,730 $ 14,878 As of September 28, 2024, the Company’s minimum lease commitment for operating leases The following table includes supplemental lease information: Twenty-Six Weeks Ended Twenty-Six Weeks Ended Supplemental Cash Flow Information (dollars in thousands) September 28, 2024 September 30, 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for operating leases $ 44,320 $ 37,590 Operating cash flows used for finance leases 317 337 Financing cash flows used for finance leases 436 441 $ 45,073 $ 38,368 Lease liabilities arising from new right-of-use assets Operating leases $ 70,748 $ 48,652 Finance leases $ — $ — Weighted average remaining lease term (in years) Operating leases 7.8 8.0 Finance leases 10.9 11.9 Weighted average discount rate Operating leases 5.1 % 4.8 % Finance leases 10.9 % 10.9 %

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Sep. 28, 2024
Income Taxes
Income Taxes	8. Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, Income Taxes The income tax rate was 27.4% and 27.3% for the thirteen weeks ended September 28, 2024 and September 30, 2023, respectively, and 24.9% and 25.8% for the twenty-six weeks ended September 28, 2024 and September 30, 2023, respectively. The tax rate for the thirteen weeks ended September 28, 2024 was consistent with the tax rate for the thirteen weeks ended September 30, 2023. The tax rate for the twenty-six weeks ended September 28, 2024 was lower than the tax rate for the twenty-six weeks ended September 30, 2023, primarily due to a higher tax benefit caused by an increase in tax deductions for share-based compensation awards for the twenty-six weeks ended September 28, 2024 and changes to state enacted tax rates for the period ended September 30, 2023. Valuation allowances are established, when necessary, to reduce deferred income tax assets to the amounts expected to be realized. To this end, the Company has considered and evaluated its sources of taxable income, including forecasted future taxable income, and has concluded that a valuation allowance is not required as of September 28, 2024. The Company will continue to evaluate the need for a valuation allowance at each period end. The Company’s policy is to accrue interest and penalties related to unrecognized tax benefits as a component of income tax expense. At September 28, 2024 and March 30, 2024, the Company had no accrued liability for penalties and interest. The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. As of September 28, 2024, the Company was not aware of tax examinations (current or potential) in any tax jurisdictions.

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Sep. 28, 2024
Related Party Transactions
Related Party Transactions	9. Related Party Transactions During both the thirteen and twenty-six weeks ended September 28, 2024 and September 30, 2023, the Company had capital expenditures with Floor & Decor Holdings, Inc., a specialty retail vendor in the flooring market, that amounted to less than $0.1 million, and were recorded as property and equipment, net on the condensed consolidated balance sheet. One member of the Company’s board of directors currently serves on the board of directors at Floor & Decor Holdings, Inc. Additionally, one member of the Company’s board of directors served as an executive officer at Floor & Decor Holdings, Inc. through April 2022.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Sep. 28, 2024
Earnings Per Share
Earnings Per Share	10. Earnings Per Share Earnings per share is computed under the provisions of FASB ASC Topic 260, Earnings Per Share The components of basic and diluted earnings Thirteen Weeks Ended Twenty-Six Weeks Ended September 28, September 30, September 28, September 30, (in thousands, except per share data) 2024 2023 2024 2023 Net income $ 29,428 $ 27,680 $ 68,337 $ 61,933 Weighted average basic shares outstanding 30,510 30,137 30,471 30,029 Dilutive effect of options and restricted stock 389 490 388 511 Weighted average diluted shares outstanding 30,899 30,627 30,859 30,540 Basic earnings per share $ 0.96 $ 0.92 $ 2.24 $ 2.06 Diluted earnings per share $ 0.95 $ 0.90 $ 2.21 $ 2.03 During the thirteen weeks ended September 28, 2024 and September 30, 2023, securities outstanding totaling approximately zero and 86,189 shares, respectively, comprised of options and restricted stock, were excluded from the computation of weighted average diluted common shares outstanding, as the effect of doing so would have been anti-dilutive. During the twenty-six weeks ended September 28, 2024 and September 30, 2023, securities outstanding totaling approximately zero and 87,229 shares, respectively, comprised of options and restricted stock, were excluded from the computation of weighted average diluted common shares outstanding, as the effect of doing so would have been anti-dilutive.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Sep. 28, 2024
Subsequent Events
Subsequent Events	11. Subsequent Events On October 22, 2024, James G. Conroy notified the Company of his intent to resign as the Chief Executive Officer of the Company and as a member of the Company’s Board of Directors effective November 22, 2024. On October 23, 2024, the Board of Directors appointed John Hazen, the Company’s current Chief Digital Officer, as the Interim Chief Executive Officer of the Company effective as of November 22, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 28, 2024	Jun. 29, 2024	Sep. 30, 2023	Jul. 01, 2023	Sep. 28, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 29,428	$ 38,909	$ 27,680	$ 34,253	$ 68,337	$ 61,933

Insider Trading Arrangements

Insider Trading Arrangements - John Hazen	3 Months Ended
Insider Trading Arrangements - John Hazen	Sep. 28, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On August 14, 2024, John Hazen, the Company’s Chief Digital Officer, adopted a written plan for the sale of the Company’s common stock that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”). The 10b5-1 Plan provides for the potential sale of up to 6,311 shares of the Company’s common stock that Mr. Hazen may acquire upon the exercise of outstanding stock options, beginning January 2, 2025 through December 31, 2027.
Name	John Hazen
Title	Chief Digital Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	Aug. 14, 2024
Expiration Date	Dec. 31, 2027
Aggregate Available	6,311

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 28, 2024
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The Company’s condensed consolidated financial statements as of September 28, 2024 and March 30, 2024 and for the thirteen and twenty-six weeks ended September 28, 2024 and September 30, 2023 are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), and include the accounts of the Company and each of its subsidiaries, consisting of Boot Barn, Inc., RCC Western Stores, Inc., Baskins Acquisition Holdings, LLC, Sheplers, LLC and Sheplers Holding LLC (together with Sheplers, LLC, “Sheplers”). All intercompany accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation. The vast majority of the Company’s identifiable assets are in the United States. Certain information and footnote disclosures normally included in the Company’s annual consolidated financial statements have been condensed or omitted. In the opinion of management, the interim condensed consolidated financial statements reflect all adjustments that are of a normal and recurring nature necessary to fairly present the Company’s financial position, results of operations and cash flows in all material respects as of the dates and for the periods presented. The results of operations presented in the interim condensed consolidated financial statements are not necessarily indicative of the results that may be expected for the fiscal year ending March 29, 2025.
Fiscal Periods	Fiscal Periods The Company reports its results of operations and cash flows on a 52- or 53-week basis ending on the last Saturday of March unless April 1st is a Saturday, in which case the fiscal year ends on April 1st. In a 52-week year, each quarter includes thirteen weeks of operations; in a 53-week fiscal year, the first, second and third quarters each include thirteen weeks of operations and the fourth quarter includes fourteen weeks of operations. Both the current fiscal year ending on March 29, 2025 (“fiscal 2025”) and the fiscal year ended on March 30, 2024 (“fiscal 2024”) consist of 52 weeks.
Comprehensive Income	Comprehensive Income The Company does not have any components of other comprehensive income recorded within its condensed consolidated financial statements and, therefore, does not separately present a statement of comprehensive income in its condensed consolidated financial statements.
Segment Reporting	Segment Reporting GAAP has established guidance for reporting information about a company’s operating segments, including disclosures related to a company’s products and services, geographic areas and major customers. The Company’s retail stores and e-commerce websites represent two operating segments. Given the similar qualitative and economic characteristics of the two operating segments, the Company’s retail stores and e-commerce websites are aggregated into one reporting segment in accordance with guidance under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 280, Segment Reporting
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Among the significant estimates affecting the Company’s condensed consolidated financial statements are those relating to revenue recognition, lease accounting, inventories, goodwill, intangible and long-lived assets, stock-based compensation and income taxes. Management regularly evaluates its estimates and assumptions based upon historical experience and various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. To the extent actual results differ from those estimates, the Company’s future results of operations may be affected.
Inventories	Inventories Inventories consist primarily of purchased merchandise and are valued at the lower of cost or net realizable value. Cost is determined using the weighted-average cost method and includes the cost of merchandise and import-related costs, including freight, duty and agent commissions. The Company assesses the recoverability of inventory through a periodic review of historical usage and present demand. When the inventory on hand exceeds the foreseeable demand, the value of inventory that, at the time of the review, is not expected to be sold at or above cost is written down to its estimated net realizable value.
Leases	Leases Operating and finance lease liabilities are recognized at the lease commencement date based on the present value of the fixed lease payments using the Company's incremental borrowing rates for its population of leases. Related operating and finance lease right-of-use (“ROU”) assets are recognized based on the initial present value of the fixed lease payments, reduced by cash payments received from landlords as lease incentives, plus any prepaid rent and other direct costs from executing the leases. Amortization of both operating and finance lease right-of-use assets is performed on a straight-line basis and recorded as part of rent expense in cost of goods sold and selling, general and administrative expenses on the consolidated statements of operations. The majority of total lease costs is recorded as part of cost of goods sold, with the balance recorded in selling, general and administrative expenses on the condensed consolidated statements of operations. The interest expense amortization component of the finance lease liabilities is recorded within interest expense on the condensed consolidated statements of operations. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Variable lease payments are recognized as lease expense as they are incurred.
Fair Value of Certain Financial Assets and Liabilities	Fair Value of Certain Financial Assets and Liabilities The Company follows FASB ASC Topic 820, Fair Value Measurements and Disclosures ● Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities. ● Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data. These include quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates, incremental borrowing rates, and volatility, can be corroborated by readily observable market data. ● Level 3 uses one or more significant inputs that are unobservable and supported by little or no market activity, and reflect the use of significant management judgment. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant management judgment or estimation. The Company’s Level 3 assets include certain acquired businesses and the evaluation of store impairment. Cash and cash equivalents, accounts receivable and accounts payable are classified according to the lowest level input that is significant to the fair value measurement. As a result, the asset or liability could be classified as Level 2 or Level 3 even though there may be certain significant inputs that are readily observable. The Company believes that the recorded value of its financial instruments approximates their current fair values because of their nature and respective relatively short maturity dates or duration. Although market quotes for the fair value of the outstanding debt arrangement discussed in Note 4, “Revolving Credit Facility”, is not readily available, the Company believes that its carrying value approximates fair value due to the variable interest rates, which are Level 2 inputs. There were no financial assets or liabilities
Revenue Recognition	Revenue Recognition Revenue is recorded for store sales upon the purchase of merchandise by customers. Sales are recorded net of taxes collected from customers. Transfer of control takes place at the point at which the customer receives and pays for the merchandise at the register. E-commerce sales are recorded when control transfers to the customer, which generally occurs upon delivery of the product. Shipping and handling revenues are included in total net sales. Shipping costs incurred by the Company are included in cost of goods sold. Revenue is recorded net of estimated and actual sales returns and deductions for coupon redemptions, estimated future award redemption and other promotions. The sales returns reserve reflects an estimate of sales returns based on projected merchandise returns determined through the use of historical average return percentages. The total reserve for returns is recorded in accrued expenses and other current liabilities in the consolidated balance sheets. The Company accounts for the return asset and liability separately on a gross basis. The Company maintains a customer loyalty program. Under the program, customers accumulate points based on purchase activity. For customers to maintain their active point balance, they must make a qualifying purchase of merchandise at least once in a 365-day period. Once a loyalty program member achieves a certain point level, the member earns awards that may be redeemed for credits on merchandise purchases. To redeem awards, the member must make a qualifying purchase of merchandise within 60 days of the date the award was granted. Unredeemed awards and accumulated partial points are accrued as unearned revenue until redemption or expiration and, upon redemption or expiration, as an adjustment to net sales using the relative standalone selling price method. The unearned revenue for this program is recorded in accrued expenses and other current liabilities on the consolidated balance sheets and was $5.4 million and $4.5 million as of September 28, 2024, and September 30, 2023, respectively. The following table provides a reconciliation of the activity related to the Company’s customer loyalty program: Customer Loyalty Program (in thousands) September 28, 2024 September 30, 2023 Beginning balance as of March 30, 2024 and April 1, 2023, respectively $ 5,050 $ 4,145 Year-to-date provisions 8,100 7,223 Year-to-date award redemptions (7,740) (6,880) Ending balance $ 5,410 $ 4,488 Proceeds from the sale of gift cards are deferred until the customers use the cards to acquire merchandise. Gift cards, gift certificates and store credits do not have expiration dates, and unredeemed gift cards, gift certificates and store credits are subject to state escheatment laws. Amounts remaining after escheatment are recognized in net sales in the period escheatment occurs and the liability is considered to be extinguished. The Company defers recognition of a layaway sale and its related profit to the accounting period when the customer receives the layaway merchandise. Income from the redemption of gift cards, gift card breakage, and the sale of layaway merchandise is included in net sales. Deferred revenue is recorded in accrued expenses and other current liabilities in the consolidated balance sheets. The following table provides a reconciliation of the activity related to the Company’s gift card program: Gift Card Program (in thousands) September 28, 2024 September 30, 2023 Beginning balance as of March 30, 2024 and April 1, 2023, respectively $ 23,649 $ 19,855 Year-to-date issued 13,934 13,154 Year-to-date redemptions (15,124) (14,081) Ending balance $ 22,459 $ 18,928 Disaggregated Revenue The Company disaggregates net sales into the following major merchandise categories: Thirteen Weeks Ended Twenty-Six Weeks Ended % of Net Sales September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Footwear 48 % 49 % 49 % 49 % Apparel 35 % 35 % 35 % 34 % Hats, accessories and other 17 % 16 % 16 % 17 % Total 100 % 100 % 100 % 100 % The Company further disaggregates net sales between stores and e-commerce: Thirteen Weeks Ended Twenty-Six Weeks Ended % of Net Sales September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Stores 90 % 90 % 90 % 90 % E-commerce 10 % 10 % 10 % 10 % Total 100 % 100 % 100 % 100 %
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2023, the FASB issued Accounting Standards Update (“ASU’) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU requires disaggregated information about an entity’s effective tax rate reconciliation, as well as information on income taxes paid. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2024. The amendments should be applied on a prospective basis, although retrospective application is permitted. The Company is currently evaluating the impact of adoption on its financial disclosures. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The amendment improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied on a retrospective basis to all periods presented. The Company is currently evaluating the impact of adoption on its financial disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
Summary of Significant Accounting Policies (Tables)	Sep. 28, 2024
Schedule of disaggregated revenue	The Company disaggregates net sales into the following major merchandise categories: Thirteen Weeks Ended Twenty-Six Weeks Ended % of Net Sales September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Footwear 48 % 49 % 49 % 49 % Apparel 35 % 35 % 35 % 34 % Hats, accessories and other 17 % 16 % 16 % 17 % Total 100 % 100 % 100 % 100 % The Company further disaggregates net sales between stores and e-commerce: Thirteen Weeks Ended Twenty-Six Weeks Ended % of Net Sales September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Stores 90 % 90 % 90 % 90 % E-commerce 10 % 10 % 10 % 10 % Total 100 % 100 % 100 % 100 %
Customer Loyalty Program
Schedule of reconciliation of the activity related to contracts with customers	Customer Loyalty Program (in thousands) September 28, 2024 September 30, 2023 Beginning balance as of March 30, 2024 and April 1, 2023, respectively $ 5,050 $ 4,145 Year-to-date provisions 8,100 7,223 Year-to-date award redemptions (7,740) (6,880) Ending balance $ 5,410 $ 4,488
Gift Card Program
Schedule of reconciliation of the activity related to contracts with customers	Gift Card Program (in thousands) September 28, 2024 September 30, 2023 Beginning balance as of March 30, 2024 and April 1, 2023, respectively $ 23,649 $ 19,855 Year-to-date issued 13,934 13,154 Year-to-date redemptions (15,124) (14,081) Ending balance $ 22,459 $ 18,928

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
Goodwill and Intangible Assets, Net (Tables)	Sep. 28, 2024
Goodwill and Intangible Assets, Net
Schedule of net finite-lived intangible assets	Net intangible assets as of September 28, 2024 and March 30, 2024 consisted of the following (in thousands, except for weighted average useful life): September 28, 2024 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life Customer lists—definite lived $ 345 $ (345) $ — 5.0 Trademarks—indefinite lived 58,677 — 58,677 Total intangible assets $ 59,022 $ (345) $ 58,677 March 30, 2024 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life Customer lists—definite lived $ 345 $ (325) $ 20 5.0 Trademarks—indefinite lived 58,677 — 58,677 Total intangible assets $ 59,022 $ (325) $ 58,697
Schedule of net indefinite-lived intangible assets	Net intangible assets as of September 28, 2024 and March 30, 2024 consisted of the following (in thousands, except for weighted average useful life): September 28, 2024 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life Customer lists—definite lived $ 345 $ (345) $ — 5.0 Trademarks—indefinite lived 58,677 — 58,677 Total intangible assets $ 59,022 $ (345) $ 58,677 March 30, 2024 Gross Weighted Carrying Accumulated Average Amount Amortization Net Useful Life Customer lists—definite lived $ 345 $ (325) $ 20 5.0 Trademarks—indefinite lived 58,677 — 58,677 Total intangible assets $ 59,022 $ (325) $ 58,697

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Sep. 28, 2024
Stock-Based Compensation
Schedule of stock option activity	The following table summarizes the stock option activity for the twenty-six weeks ended September 28, 2024: Grant Date Weighted Weighted Average Aggregate Stock Average Remaining Intrinsic Options Exercise Price Contractual Life Value (1) (in years) (in thousands) Outstanding at March 30, 2024 340,605 $ 40.00 Granted — — Exercised (61,483) 23.27 $ 6,253 Cancelled, forfeited or expired — — Outstanding at September 28, 2024 279,122 $ 43.69 5.7 $ 33,893 Vested and expected to vest after September 28, 2024 279,122 $ 43.69 5.7 $ 33,893 Exercisable at September 28, 2024 192,933 $ 24.36 4.8 $ 27,157 (1) Intrinsic value for stock options is defined as the difference between the market price of the Company’s common stock on the last business day of the fiscal quarter and the weighted average exercise price of the in-the-money stock options outstanding at the end of each fiscal period.
Schedule of non-vested stock options	A summary of the status of non-vested stock options as of September 28, 2024, including changes during the twenty-six weeks ended September 28, 2024, is presented below: Weighted- Average Grant Date Shares Fair Value Nonvested at March 30, 2024 154,487 $ 30.63 Granted — — Vested (68,298) 10.71 Nonvested shares forfeited — — Nonvested at September 28, 2024 86,189 $ 46.41

Leases (Tables)

Leases (Tables)	6 Months Ended
Leases (Tables)	Sep. 28, 2024
Leases
Schedule of ROU assets and liabilities	ROU assets and lease liabilities as of September 28, 2024 and March 30, 2024 consisted of the following: September 28, 2024 March 30, 2024 Balance Sheet Classification (in thousands) (in thousands) Assets Finance lease assets Right-of-use assets, net $ 8,163 $ 8,537 Operating lease assets Right-of-use assets, net 420,857 381,964 Total lease assets $ 429,020 $ 390,501 Liabilities Current Finance Short-term lease liabilities $ 910 $ 873 Operating Short-term lease liabilities 69,630 62,581 Total short-term lease liabilities $ 70,540 $ 63,454 Non-Current Finance Long-term lease liabilities $ 13,968 $ 14,428 Operating Long-term lease liabilities 432,100 388,875 Total long-term lease liabilities $ 446,068 $ 403,303 Total lease liabilities $ 516,608 $ 466,757
Schedule of total lease cost	Total lease costs for the thirteen and twenty-six weeks ended September 28, 2024 and September 30, 2023 were: Thirteen Weeks Ended Twenty-Six Weeks Ended (in thousands) September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Finance lease cost Amortization of right-of-use assets $ 187 $ 207 $ 374 $ 413 Interest on lease liabilities 160 169 321 341 Total finance lease cost $ 347 $ 376 $ 695 $ 754 Operating lease cost $ 22,248 $ 17,777 $ 43,670 $ 35,079 Short-term lease cost 961 1,034 1,620 1,840 Variable lease cost 7,715 6,192 15,067 12,134 Total lease cost $ 31,271 $ 25,379 $ 61,052 $ 49,807
Schedule of future lease payments	The following table summarizes future lease payments as of September 28, 2024: Operating Leases Finance Leases Fiscal Year (in thousands) (in thousands) 2025 (Remainder) $ 36,619 $ 762 2026 95,299 1,552 2027 87,107 1,590 2028 76,634 1,629 2029 69,161 1,669 Thereafter 250,904 11,226 Total 615,724 18,428 Less: Imputed interest (113,994) (3,550) Present value of net lease payments $ 501,730 $ 14,878
Schedule of supplemental lease information	The following table includes supplemental lease information: Twenty-Six Weeks Ended Twenty-Six Weeks Ended Supplemental Cash Flow Information (dollars in thousands) September 28, 2024 September 30, 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for operating leases $ 44,320 $ 37,590 Operating cash flows used for finance leases 317 337 Financing cash flows used for finance leases 436 441 $ 45,073 $ 38,368 Lease liabilities arising from new right-of-use assets Operating leases $ 70,748 $ 48,652 Finance leases $ — $ — Weighted average remaining lease term (in years) Operating leases 7.8 8.0 Finance leases 10.9 11.9 Weighted average discount rate Operating leases 5.1 % 4.8 % Finance leases 10.9 % 10.9 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Sep. 28, 2024
Earnings Per Share
Schedule of the components of basic and diluted (loss)/earnings per share of common stock	The components of basic and diluted earnings Thirteen Weeks Ended Twenty-Six Weeks Ended September 28, September 30, September 28, September 30, (in thousands, except per share data) 2024 2023 2024 2023 Net income $ 29,428 $ 27,680 $ 68,337 $ 61,933 Weighted average basic shares outstanding 30,510 30,137 30,471 30,029 Dilutive effect of options and restricted stock 389 490 388 511 Weighted average diluted shares outstanding 30,899 30,627 30,859 30,540 Basic earnings per share $ 0.96 $ 0.92 $ 2.24 $ 2.06 Diluted earnings per share $ 0.95 $ 0.90 $ 2.21 $ 2.03

Business Operations (Details)

Business Operations (Details)	12 Months Ended
Business Operations (Details)	Mar. 29, 2025	Mar. 30, 2024 store state shares	Sep. 28, 2024 store state Vote shares
Business Operations
Number of shares authorized		100,000,000	100,000,000
Number of shares issued		30,572,000	30,823,649
Number of shares outstanding			30,525,252
Number of votes per common share \| Vote			1
Number of stores \| store		400	425
Number of states in which the Company operates \| state		45	46
Fiscal Year
Fiscal year period		364 days
Subsequent Event
Fiscal Year
Fiscal year period	364 days

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) $ in Thousands	6 Months Ended
	Sep. 28, 2024 USD ($) segment item
Segment Reporting
Operating segments \| segment	2
Reportable segments \| segment	1
Number of reporting units \| item	2
Fair Value of Certain Financial Assets and Liabilities
Financial assets requiring fair value measurements on a recurring basis \| $	$ 0
Financial liabilities requiring fair value measurements on a recurring basis \| $	$ 0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Customer Loyalty Program (Details) - Customer Loyalty Program - USD ($) $ in Thousands	6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Customer Loyalty Program
Number of days in which customers must make a qualifying purchase in order to maintain an active point balance	365 days
Number of days from award grant date in which the customer has to make a qualifying purchase to redeem the awards	60 days
Unearned revenue	$ 5,410	$ 4,488
Reconciliation of Activity in Program
Beginning balance	5,050	4,145
Year-to-date provisions	8,100	7,223
Year-to-date award redemptions	(7,740)	(6,880)
Ending balance	$ 5,410	$ 4,488

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Gift Card Program (Details) - Gift Card Program - USD ($) $ in Thousands	6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Reconciliation of Activity in Program
Beginning balance	$ 23,649	$ 19,855
Year-to-date issued	13,934	13,154
Year-to-date redemptions	(15,124)	(14,081)
Ending balance	$ 22,459	$ 18,928

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Disaggregated Revenue (Details)	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Disaggregation Of Revenue
Net sales percentage	100%	100%	100%	100%
Stores
Disaggregation Of Revenue
Net sales percentage	90%	90%	90%	90%
E-commerce
Disaggregation Of Revenue
Net sales percentage	10%	10%	10%	10%
Footwear
Disaggregation Of Revenue
Net sales percentage	48%	49%	49%	49%
Apparel
Disaggregation Of Revenue
Net sales percentage	35%	35%	35%	34%
Hats, accessories and other
Disaggregation Of Revenue
Net sales percentage	17%	16%	16%	17%

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Change in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 USD ($) item	Sep. 30, 2023 USD ($)	Mar. 30, 2024 USD ($)
Goodwill and Intangible Assets, Net
Goodwill	$ 197,502		$ 197,502		$ 197,502
Number of indicators of impairment for goodwill \| item			0
Impairments of long lived assets	$ 0	$ 0	$ 0	$ 0

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Mar. 30, 2024
Intangible assets, net
Accumulated Amortization	$ (345)		$ (345)		$ (325)
Gross carrying amount	59,022		59,022		59,022
Intangible assets, net	58,677		58,677		58,697
Amortization of intangible assets			20	$ 27
Trademarks
Intangible assets, net
Indefinite-lived intangible assets	58,677		58,677		58,677
Maximum
Intangible assets, net
Amortization of intangible assets	100	$ 100	100	$ 100
Customer lists
Intangible assets, net
Gross Carrying Amount	345		345		345
Accumulated Amortization	$ (345)		$ (345)		(325)
Net					$ 20
Weighted Average Useful Life	5 years		5 years		5 years

Revolving Credit Facilities - R

Revolving Credit Facilities - Revolving Credit Facilities and Long-Term Debt (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Mar. 30, 2024
Wells Fargo Bank letters of credit
Revolving credit facility and long-term debt
Borrowing capacity	$ 10		$ 10
Amount outstanding	2.3		2.3		$ 2.3
Wells Fargo Revolver
Revolving credit facility and long-term debt
Borrowing capacity	250		$ 250
Commitment fee on unused capacity (as a percentage)			0.25%
Amount outstanding	0		$ 0		0
Interest expense	$ 0.2	$ 0.3	$ 0.4	$ 1.2
Weighted average interest rate (as a percent)	8.50%	8.20%	8.50%	8.20%
Additional interest rate required if certain triggering events come into existence (as a percent)			2%
Deferred loan fees	$ 1.7		$ 1.7
Unamortized value of the debt issuance costs and debt discount	0.3		0.3		$ 0.4
Amortization of deferred loan fees			$ 0.1	$ 0.1
Wells Fargo Revolver \| Interest expense
Revolving credit facility and long-term debt
Amortization of deferred loan fees	$ 0.1	$ 0.1
Wells Fargo Revolver \| Minimum
Revolving credit facility and long-term debt
Consolidated fixed charge coverage ratio			1
Wells Fargo Revolver \| SOFR
Revolving credit facility and long-term debt
Basis margin (as a percent)			0.10%
Wells Fargo Revolver \| SOFR \| Minimum
Revolving credit facility and long-term debt
Basis margin (as a percent)			1%
Wells Fargo Revolver \| SOFR \| Maximum
Revolving credit facility and long-term debt
Basis margin (as a percent)			1.25%
Wells Fargo Revolver \| Base rate \| Minimum
Revolving credit facility and long-term debt
Basis margin (as a percent)			0%
Wells Fargo Revolver \| Base rate \| Maximum
Revolving credit facility and long-term debt
Basis margin (as a percent)			0.25%
Wells Fargo Revolver \| Federal funds rate
Revolving credit facility and long-term debt
Basis margin (as a percent)			0.50%
Wells Fargo Revolver \| Adjusted Term SOFR
Revolving credit facility and long-term debt
Basis margin (as a percent)			1%

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Mar. 30, 2024	Aug. 26, 2020	Oct. 19, 2014
Stock-Based Compensation
Common stock, par value (in dollars per share)	$ 0.0001		$ 0.0001		$ 0.0001
Stock-based compensation expense	$ 5.1	$ 2.9	$ 10.9	$ 7.8
Cost of goods sold
Stock-Based Compensation
Stock-based compensation expense	$ 1	$ 0.4	$ 2.8	$ 1.8
Employee Stock Option
Stock-Based Compensation
Stock options granted	0	0	0	0
Unrecognized stock-based compensation expense for option	$ 0.8		$ 0.8
Weighted-average recognition period			7 months 13 days
Restricted Stock Awards
Stock-Based Compensation
Unrecognized stock-based compensation expense for other than option	$ 12.8		$ 12.8
Weighted-average recognition period			1 year 11 months 26 days
Restricted Stock Units
Stock-Based Compensation
Restricted stock or performance share units granted	0	0
Performance share units
Stock-Based Compensation
Restricted stock or performance share units granted	0	0
Unrecognized stock-based compensation expense	$ 11.3		$ 11.3
Weighted-average recognition period			2 years 4 months 2 days
2014 Plan
Stock-Based Compensation
Shares authorized							3,600,000
Common stock, par value (in dollars per share)							$ 0.0001
2014 Plan \| Employee Stock Option \| Minimum
Stock-Based Compensation
Expiration period			8 years
Vesting period			4 years
2014 Plan \| Employee Stock Option \| Maximum
Stock-Based Compensation
Expiration period			10 years
Vesting period			5 years
2014 Plan \| Restricted Stock Awards \| Minimum
Stock-Based Compensation
Vesting period			1 year
2014 Plan \| Restricted Stock Awards \| Maximum
Stock-Based Compensation
Vesting period			4 years
2014 Plan \| Restricted Stock Units \| Tranche One
Stock-Based Compensation
Vesting period			1 year
2014 Plan \| Restricted Stock Units \| Tranche Two
Stock-Based Compensation
Vesting period			4 years
2014 Plan \| Restricted Stock Units \| Tranche Three
Stock-Based Compensation
Vesting period			5 years
2020 Plan
Stock-Based Compensation
Shares authorized						2,000,000
Common stock, par value (in dollars per share)						$ 0.0001
2020 Plan \| Restricted Stock Units
Stock-Based Compensation
Restricted stock or performance share units granted			96,060	132,713
Restricted stock or performance share units granted fair value			$ 10.7	$ 8.6
2020 Plan \| Restricted Stock Units \| Employees
Stock-Based Compensation
Vesting period			3 years	3 years
2020 Plan \| Restricted Stock Units \| Director
Stock-Based Compensation
Vesting period			1 year	1 year
2020 Plan \| Restricted Stock Units \| Tranche One
Stock-Based Compensation
Vesting period			1 year
2020 Plan \| Restricted Stock Units \| Tranche Two
Stock-Based Compensation
Vesting period			3 years
2020 Plan \| Restricted Stock Units \| Tranche Three
Stock-Based Compensation
Vesting period			4 years
2020 Plan \| Performance share units
Stock-Based Compensation
Vesting period			3 years	3 years
Restricted stock or performance share units granted			61,530	112,740
Restricted stock or performance share units granted fair value			$ 6.9	$ 7.3
2020 Plan \| Performance share units \| Minimum
Stock-Based Compensation
Vesting percentage			0%	0%
2020 Plan \| Performance share units \| Maximum
Stock-Based Compensation
Vesting percentage			200%	200%
2020 Plan \| Performance share units \| Below Threshold
Stock-Based Compensation
Vesting percentage			0%	0%
2020 Plan \| Performance share units \| Threshold
Stock-Based Compensation
Vesting percentage			50%	50%
2020 Plan \| Performance share units \| Target
Stock-Based Compensation
Vesting percentage			100%	100%
2020 Plan \| Performance share units \| Maximum Level
Stock-Based Compensation
Vesting percentage			200%	200%

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Options and Significant Valuation Assumptions (Details) - Employee Stock Option - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Stock Options
Outstanding at the beginning of period			340,605
Granted	0	0	0	0
Exercised			(61,483)
Outstanding at the end of period	279,122		279,122
Vested and expected to vest after end of period	279,122		279,122
Exercisable at end of period	192,933		192,933
Grant Date Weighted-Average Exercise Price
Outstanding at the beginning of period			$ 40
Exercise price (in dollars per share)			23.27
Outstanding at the end of period	$ 43.69		43.69
Vested and expected to vest at end of period	43.69		43.69
Exercisable at end of period	$ 24.36		$ 24.36
Weighted Average Remaining Contractual Life
Weighted average remaining contractual life, awards outstanding			5 years 8 months 12 days
Weighted average remaining contractual life, awards vested and expected to vest			5 years 8 months 12 days
Weighted average remaining contractual life, awards exercisable			4 years 9 months 18 days
Aggregate Intrinsic Value
Aggregate intrinsic value, awards exercised			$ 6,253
Aggregate intrinsic value, awards outstanding	$ 33,893		33,893
Aggregate intrinsic value, awards vested and expected to vest	33,893		33,893
Aggregate intrinsic value, awards exercisable	$ 27,157		$ 27,157

Stock-Based Compensation - Non-

Stock-Based Compensation - Non-vested Options (Details) - Employee Stock Option - $ / shares	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Shares
Nonvested at beginning of period			154,487
Granted	0	0	0	0
Vested			(68,298)
Nonvested at end of period	86,189		86,189
Weighted-Average Grant Date Fair Value
Nonvested at beginning of period			$ 30.63
Vested			10.71
Nonvested at end of period	$ 46.41		$ 46.41

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Leases - Narrative (Details) - USD ($) $ in Millions	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Leases
Lessee, Operating Lease, Existence of Option to Extend [true false]			true
Operating lease renewal term	5 years		5 years
ROU asset impairment charge	$ 0	$ 0	$ 0	$ 0
Minimum
Leases
Operating lease term	5 years		5 years
Maximum
Leases
Operating lease term	10 years		10 years

Leases - ROU assets and liabili

Leases - ROU assets and liabilities (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Mar. 30, 2024
ROU assets and liabilities
Finance lease assets	$ 8,163	$ 8,537
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Total lease assets	Total lease assets
Operating lease assets	$ 420,857	$ 381,964
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Total lease assets	Total lease assets
Total lease assets	$ 429,020	$ 390,501
Current finance lease liabilities	$ 910	$ 873
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Total short-term lease liabilities	Total short-term lease liabilities
Current operating lease liabilities	$ 69,630	$ 62,581
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Total short-term lease liabilities	Total short-term lease liabilities
Total short-term lease liabilities	$ 70,540	$ 63,454
Finance Lease, Liability, Noncurrent	$ 13,968	$ 14,428
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total long-term lease liabilities	Total long-term lease liabilities
Operating Lease, Liability, Noncurrent	$ 432,100	$ 388,875
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total long-term lease liabilities	Total long-term lease liabilities
Total long-term lease liabilities	$ 446,068	$ 403,303
Total lease liabilities	$ 516,608	$ 466,757

Leases - Lease cost (Details)

Leases - Lease cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases - Lease cost (Details) - USD ($) $ in Thousands	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Lease cost
Amortization of right-of-use assets	$ 187	$ 207	$ 374	$ 413
Interest on lease liabilities	160	169	321	341
Total finance lease cost	347	376	695	754
Operating lease cost	22,248	17,777	43,670	35,079
Short-term lease cost	961	1,034	1,620	1,840
Variable lease cost	7,715	6,192	15,067	12,134
Total lease cost	$ 31,271	$ 25,379	$ 61,052	$ 49,807

Leases - Future lease payments

Leases - Future lease payments (Details) $ in Thousands	6 Months Ended
Leases - Future lease payments (Details) $ in Thousands	Sep. 28, 2024 USD ($)
Operating Leases
2025 (Remainder)	$ 36,619
2026	95,299
2027	87,107
2028	76,634
2029	69,161
Thereafter	250,904
Total	615,724
Less: Imputed interest	(113,994)
Present value of net lease payments	$ 501,730
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Finance and Operating Lease, Liability, Current, Finance and Operating Lease, Liability, Noncurrent
Finance Leases
2025 (Remainder)	$ 762
2026	1,552
2027	1,590
2028	1,629
2029	1,669
Thereafter	11,226
Total	18,428
Less: Imputed interest	(3,550)
Present value of net lease payments	$ 14,878
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Finance and Operating Lease, Liability, Current, Finance and Operating Lease, Liability, Noncurrent
Leases Signed but not yet Commenced
Unrecorded Unconditional Purchase Obligation, Category [Extensible Enumeration]	us-gaap:OperatingLeaseLeaseNotYetCommencedMember
Minimum lease commitment for operating leases signed but not yet commenced	$ 113,100

Leases - Supplemental lease inf

Leases - Supplemental lease information (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Supplemental Lease Information
Operating cash flows used for operating leases	$ 44,320	$ 37,590
Operating cash flows used for finance leases	317	337
Financing cash flows used for finance leases	436	441
Cash paid for amounts included in the measurement of lease liabilities	45,073	38,368
Lease liabilities arising from new right-of-use assets-Operating leases	$ 70,748	$ 48,652
Weighted average remaining lease term (in years)-Operating leases	7 years 9 months 18 days	8 years
Weighted average remaining lease term (in years)-Finance leases	10 years 10 months 24 days	11 years 10 months 24 days
Weighted average discount rate-Operating leases	5.10%	4.80%
Weighted average discount rate-Finance leases	10.90%	10.90%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($)	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Mar. 30, 2024
Income Taxes
Effective tax rate	27.40%	27.30%	24.90%	25.80%
Accrued interest and penalties	$ 0		$ 0		$ 0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Related Party \| Floor & Decor Holdings, Inc
Related Party Transactions
Capital expenditures related to specialty retail vendor	$ 0.1	$ 0.1	$ 0.1	$ 0.1

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Sep. 30, 2023	Jul. 01, 2023	Sep. 28, 2024	Sep. 30, 2023
Earnings Per Share
Net Income (Loss)	$ 29,428	$ 38,909	$ 27,680	$ 34,253	$ 68,337	$ 61,933
Weighted average basic shares outstanding	30,510,000		30,137,000		30,471,000	30,029,000
Dilutive effect of options and restricted stock	389,000		490,000		388,000	511,000
Weighted average diluted shares outstanding	30,899,000		30,627,000		30,859,000	30,540,000
Basic earnings per share	$ 0.96		$ 0.92		$ 2.24	$ 2.06
Diluted earnings per share	$ 0.95		$ 0.90		$ 2.21	$ 2.03
Shares that were not included in the computation of weighted average diluted common shares amounts	0		86,189		0	87,229