0000046250-22-000016 | 10-K | XBRL Viewer

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Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Apr. 03, 2022	Mar. 29, 2020	May 13, 2022	Sep. 26, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Apr. 03, 2022
Document Transition Report	false
Entity File Number	0-7647
Entity Registrant Name	HAWKINS, INC.
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-0771293
Entity Address, Address Line One	2381 Rosegate
Entity Address, City or Town	Roseville
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55113
City Area Code	612
Local Phone Number	331-6910
Title of 12(b) Security	Common Shares, par value $.01 per share
Trading Symbol	HWKN
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float				$ 706.8
Entity Common Stock, Shares Outstanding			21,078,132
Entity Central Index Key	0000046250
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--04-03
Auditor Firm ID	248	185
Auditor Name	GRANT THORNTON LLP	KPMG LLP
Auditor Location	Minneapolis, Minnesota	Minneapolis, Minnesota

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 3,496	$ 2,998
Trade accounts receivables, net	122,826	90,603
Inventories	94,985	63,864
Prepaid expenses and other current assets	6,431	5,542
Total current assets	227,738	163,007
PROPERTY, PLANT, AND EQUIPMENT:
Land	16,640	15,235
Buildings and improvements	118,369	120,410
Machinery and equipment	114,763	109,353
Transportation equipment	43,968	37,646
Office furniture and equipment	10,315	17,760
Property, plant and equipment, gross	304,055	300,404
Less accumulated depreciation	142,209	155,792
Net property, plant, and equipment	161,846	144,612
OTHER ASSETS:
Right-of-use assets	10,606	11,630
Goodwill	77,401	70,720
Intangible assets, net	80,193	76,368
Deferred compensation plan asset	6,783	5,726
Other	2,761	487
Total other assets	177,744	164,931
Total assets	567,328	472,550
CURRENT LIABILITIES:
Accounts payable — trade	66,693	37,313
Accrued payroll and employee benefits	19,034	18,048
Current portion of long-term debt	9,913	9,907
Short-term lease liability	1,657	1,587
Container deposits	1,558	1,452
Other current liabilities	2,611	2,155
Total current liabilities	101,466	70,462
LONG-TERM DEBT, LESS CURRENT PORTION	115,644	88,845
LONG-TERM LEASE LIABILITY	9,143	10,231
PENSION WITHDRAWAL LIABILITY	4,276	4,631
DEFERRED INCOME TAXES	23,422	24,445
DEFERRED COMPENSATION LIABILITY	8,402	7,322
OTHER LONG-TERM LIABILITIES	2,374	1,368
Total liabilities	264,727	207,304
Commitments and Contingencies
SHAREHOLDERS’ EQUITY:
Common shares; authorized: 60,000,000 shares of $0.01 par value; 20,889,777 and 20,969,746 shares issued and outstanding for 2022 and 2021, respectively	209	210
Additional paid-in capital	46,717	51,138
Retained earnings	254,384	213,898
Accumulated other comprehensive income	1,291	0
Total shareholders’ equity	302,601	265,246
Total liabilities and shareholders’ equity	$ 567,328	$ 472,550

Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 03, 2022	Mar. 28, 2021
Statement of Financial Position [Abstract]
Common stock, shares authorized (shares)	60,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01
Common Stock, Shares, Issued	20,889,777	20,969,746
Common Stock, Shares, Outstanding	20,889,777	20,969,746

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Sales	$ 774,541	$ 596,871	$ 540,198
Cost of sales	(628,021)	(473,109)	(439,281)
Gross profit	146,520	123,762	100,917
Selling, general and administrative expenses	(75,326)	(67,884)	(59,246)
Operating income	71,194	55,878	41,671
Interest expense, net	(1,404)	(1,467)	(2,511)
Other income (expense)	189	1,440	(204)
Income before income taxes	69,979	55,851	38,956
Income tax expense	(18,437)	(14,871)	(10,589)
Net income	$ 51,542	$ 40,980	$ 28,367
Weighted average number of shares outstanding-basic	20,947,234	21,024,344	21,159,978
Weighted average number of shares outstanding-diluted	21,135,258	21,260,296	21,308,800
Earnings Per Share
Basic earnings per share	$ 2.46	$ 1.95	$ 1.34
Diluted earnings per share
Diluted earnings per share	2.44	1.93	1.33
Cash dividends declared per common share	$ 0.52250	$ 0.47125	$ 0.46125

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 51,542	$ 40,980	$ 28,367
Unrealized gain (loss) on interest rate swap	1,291	79	(396)
Total other comprehensive income (loss)	1,291	79	(396)
Total comprehensive income	$ 52,833	$ 41,059	$ 27,971

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Consolidated Statements of Shareholders' Equity and Comprehensive Income (Loss) Statement - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Shares outstanding, beginning balance at Mar. 31, 2019		21,184,900
Stockholders' equity, beginning balance at Mar. 31, 2019	$ 217,861	$ 212	$ 52,927	$ 164,405	$ 317
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared	(9,825)	0	0	(9,825)	0
Share-based compensation expense	2,273	$ 0	2,273	0	0
Vesting of restricted stock (shares)		71,944
Vesting of restricted stock	0	$ 0	0	0	0
Shares surrendered for payroll taxes (shares)		(18,320)
Shares surrendered for payroll taxes	(343)	$ 0	(343)	0	0
ESPP shares issued (shares)		77,100
ESPP shares issued	1,400	$ 1	1,399	0	0
Shares repurchased (Shares)		(291,166)
Shares repurchased	(5,853)	$ (2)	(5,851)	0	0
Other comprehensive loss, net of tax	(396)	0	0	0	(396)
Net income	28,367	$ 0	0	28,367	0
Shares outstanding, ending balance at Mar. 29, 2020		21,024,458
Stockholders' equity, ending balance at Mar. 29, 2020	233,484	$ 211	50,405	182,947	(79)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared	(10,029)	0	0	(10,029)	0
Share-based compensation expense	3,343	$ 0	3,343	0	0
Vesting of restricted stock (shares)		26,542
Vesting of restricted stock	0	$ 0	0	0	0
Shares surrendered for payroll taxes (shares)		(3,314)
Shares surrendered for payroll taxes	(54)	$ 0	(54)	0	0
ESPP shares issued (shares)		88,148
ESPP shares issued	1,583	$ 1	1,582	0	0
Shares repurchased (Shares)		(166,088)
Shares repurchased	(4,140)	$ (2)	(4,138)	0	0
Other comprehensive loss, net of tax	79	0	0	0	79
Net income	40,980	$ 0	0	40,980	0
Shares outstanding, ending balance at Mar. 28, 2021		20,969,746
Stockholders' equity, ending balance at Mar. 28, 2021	265,246	$ 210	51,138	213,898	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends declared	(11,056)	0	0	(11,056)	0
Share-based compensation expense	3,818	$ 0	3,818	0	0
Vesting of restricted stock (shares)		134,230
Vesting of restricted stock	0	$ 1	(1)	0	0
Shares surrendered for payroll taxes (shares)		(45,390)
Shares surrendered for payroll taxes	(1,467)	$ 0	(1,467)	0	0
ESPP shares issued (shares)		71,692
ESPP shares issued	1,772	$ 0	1,772	0	0
Shares repurchased (Shares)		(240,501)
Shares repurchased	(8,545)	$ (2)	(8,543)	0	0
Other comprehensive loss, net of tax	1,291	0	0	0	1,291
Net income	51,542	$ 0	0	51,542	0
Shares outstanding, ending balance at Apr. 03, 2022		20,889,777
Stockholders' equity, ending balance at Apr. 03, 2022	$ 302,601	$ 209	$ 46,717	$ 254,384	$ 1,291

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 51,542	$ 40,980	$ 28,367
Reconciliation to cash flows provided by operating activities:
Depreciation and amortization	24,129	22,669	21,584
Operating leases	1,899	1,896	2,033
(Gain) loss on deferred compensation assets	(189)	(1,440)	233
Deferred income taxes	(1,501)	(689)	(1,421)
Stock compensation expense	3,818	3,343	2,273
Other	545	203	656
Changes in operating accounts (using) providing cash, net of acquisitions:
Trade receivables	(30,526)	(21,323)	(3,387)
Inventories	(30,034)	(7,960)	6,045
Accounts payable	25,138	2,551	4,228
Accrued liabilities	2,723	7,554	663
Lease liabilities	1,907	1,837	2,025
Income taxes	214	(235)	586
Other	(3,014)	(1,919)	(933)
Net cash provided by operating activities	42,837	43,793	58,902
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant, and equipment	(28,512)	(20,794)	(24,549)
Acquisitions	(21,546)	(51,000)	0
Other	302	362	346
Net cash used in investing activities	(49,756)	(71,432)	(24,203)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid	(11,056)	(10,029)	(9,825)
New shares issued	1,772	1,583	1,400
Shares surrendered for payroll taxes	(1,467)	(54)	(343)
Shares repurchased	(8,545)	(4,140)	(5,853)
Payments for debt issuance costs	(287)	0	0
Payments on senior secured revolving loan	(15,000)	(37,000)	(44,000)
Borrowings on senior secured revolving loan	42,000	76,000	19,000
Net cash provided by (used in) financing activities	7,417	26,360	(39,621)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	498	(1,279)	(4,922)
CASH AND CASH EQUIVALENTS - beginning of year	2,998	4,277	9,199
CASH AND CASH EQUIVALENTS - end of year	3,496	2,998	4,277
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION-
Cash paid during the year for income taxes	19,726	15,783	11,415
Cash paid for interest	1,197	1,288	2,413
Noncash investing activities - Capital expenditures in accounts payable	$ 3,733	$ 626	$ 1,041

Nature of Business and Significant Accounting Policies

12 Months Ended

Apr. 03, 2022

Accounting Policies [Abstract]

Nature of Business and Significant Accounting Policies

Nature of Business - We have three reportable segments: Industrial, Water Treatment and Health and Nutrition. The Industrial Group specializes in providing industrial chemicals, products and services to industries such as agriculture, chemical processing, electronics, energy, food, pharmaceutical and plating. This group also manufactures and sells certain food-grade products, including liquid phosphates, lactates and other blended products. The Water Treatment Group specializes in providing chemicals, products, equipment, services and solutions for potable water, municipal and industrial wastewater, industrial process water and non-residential swimming pool water. This group has the resources and flexibility to treat systems ranging in size from a single small well to a multi-million-gallon-per-day facility. Our Health and Nutrition Group specializes in providing ingredient distribution, processing and formulation solutions to manufacturers of nutraceutical, functional food and beverage, personal care, dietary supplement and other nutritional food, health and wellness products. This group offers a diverse product portfolio including minerals, botanicals and herbs, vitamins and amino acids, excipients, joint products, sweeteners and enzymes.

Fiscal Year - Our fiscal year is a 52 or 53-week year ending on the Sunday closest to March 31. Our fiscal 2022 was 53 weeks and our fiscal 2021 fiscal 2020 were both 52 weeks. Fiscal 2023 will be 52 weeks.

Principles of Consolidation - The consolidated financial statements include the accounts of Hawkins, Inc. and its wholly-owned subsidiaries. All intercompany transactions and accounts have been eliminated.

Estimates - The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, particularly receivables, inventories, property, plant and equipment, right-of-use assets, goodwill, intangibles, accrued expenses, short-term and long-term lease liability, income taxes and related accounts and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition - Revenue is measured as the amount of consideration we expect to receive in exchange for transferring products. Revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue upon transfer of control of the promised products to the customer, with revenue recognized at the point in time the customer obtains control of the products. Net sales include products and shipping charges, net of estimates for product returns and any related sales rebates. We estimate product returns based on historical return rates. Using probability assessments, we estimate sales rebates expected to be paid over the term of the contract. The majority of our contracts have a single performance obligation and are short term in nature. Sales taxes that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. We offer certain customers cash discounts and volume rebates as sales incentives. The discounts and volume rebates are recorded as a reduction in sales at the time revenue is recognized in an amount estimated based on historical experience and contractual obligations.

Shipping and Handling - All shipping and handling amounts billed to customers are included in revenues. Costs incurred related to the shipping and the handling of products are included in cost of sales.

Fair Value Measurements - The financial assets and liabilities that are re-measured and reported at fair value for each reporting period are an interest rate swap and marketable securities. There are no fair value measurements with respect to nonfinancial assets or liabilities that are recognized or disclosed at fair value in our consolidated financial statements on a recurring basis.

Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date:

Level 1: Valuation is based on quoted prices in active markets for identical assets or liabilities.

Level 2: Valuation is based on quoted prices in active markets for similar assets or liabilities, or quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable or can be corroborated by observable market data for the asset or liability.

Level 3: Valuation is based upon unobservable inputs for the asset or liability that are supported by little or no market activity. These fair values are determined using pricing models for which the assumptions utilize management’s estimates or market participant assumptions.

In making fair value measurements, observable market data must be used when available. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.

Cash Equivalents - Cash equivalents include all liquid debt instruments (primarily cash funds and money market accounts) purchased with an original maturity of three months or less. The cash balances, maintained at large commercial banking institutions with strong credit ratings, may, at times, exceed federally insured limits.

Trade Receivables and Concentrations of Credit Risk - Financial instruments, which potentially subject us to a concentration of credit risk, principally consist of trade receivables. We sell our principal products to a large number of customers in many different industries. As of April 3, 2022, we had a significant concentration of credit risk, with a single customer representing approximately 13% of our total trade receivables. There are no other concentrations of credit risk with other single customers from a particular service or geographic area that would significantly impact us in the near term.

To reduce credit risk, we routinely assess the financial strength of our customers. Receivables are reported net of an allowance for credit losses as determined by management at the end of each reporting period. Our receivable allowance in based on an estimate of expected credit losses, with the estimate based on a number of qualitative and quantitative factors that, based on collection experience, may have an impact on repayment risk and ability to collect.

Inventories - Inventories, consisting primarily of finished goods, are primarily valued at the lower of cost or net realizable value, with cost for approximately 73% of our inventory determined using the last-in, first-out (“LIFO”) method. Cost for the other 27% of our total inventory is determined using the first-in, first-out (“FIFO”) method.

Leases - We determine if an arrangement is a lease at inception. Right-of-use ("ROU") assets include operating leases. Lease liabilities for operating leases are classified in "short-term lease liabilities" and "long-term lease liabilities" in our consolidated balance sheet.

ROU assets and related liabilities are recognized at commencement date based on the present value of the lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

Lease and non-lease components are generally accounted for separately for real estate leases. For non-real estate leases, we account for the lease and non-lease components as a single lease component.

Property, Plant and Equipment - Property is stated at cost and depreciated or amortized over the lives of the assets, using the straight-line method. Estimated lives are: 10 to 40 years for buildings and improvements; 3 to 20 years for machinery and equipment; and 3 to 10 years for transportation equipment and office furniture and equipment including computer systems. Leasehold improvements are amortized over the lesser of their estimated useful lives or the remaining lease term. Depreciation and amortization expense is recorded in our Consolidated Statement of Income within cost of goods sold and selling, general and administrative expense, depending on the use of the underlying asset. We recorded depreciation expense of $17.7 million for fiscal 2022, $16.8 million for fiscal 2021 and $16.5 million for fiscal 2020.

Significant improvements that add to productive capacity or extend the lives of properties are capitalized. Costs for repairs and maintenance are charged to expense as incurred. When property is retired or otherwise disposed of, the cost and related accumulated depreciation or amortization are removed from the accounts and any related gains or losses are included in income.

We review the recoverability of long-lived assets to be held and used, such as property, plant and equipment, when events or changes in circumstances occur that indicate the carrying value of the asset group may not be recoverable, such as prolonged industry downturn or significant reductions in projected future cash flows. The assessment of possible impairment is based on our ability to recover the carrying value of the asset group from the expected future pre-tax cash flows (undiscounted) of the related asset group. If these cash flows are less than the carrying value of such asset group, an impairment loss would be measured by the amount the carrying value exceeds the fair value of the long-lived asset group. The measurement of impairment requires us to estimate future cash flows and the fair value of long-lived assets. We did not incur any asset write-off charge in fiscal 2022 related to the impairment of long-lived assets. Asset write-off charges were $0.2 million during fiscal 2021 and $0.6 million during fiscal 2020.

Goodwill and Identifiable Intangible Assets - Goodwill represents the excess of the cost of acquired businesses over the fair value of identifiable tangible net assets and identifiable intangible assets purchased. Goodwill is tested at least annually for impairment, and is tested for impairment more frequently if events or changes in circumstances indicate that the asset might be impaired. Our annual test for impairment is as of the first day of our fourth fiscal quarter. As of December 27, 2021, we performed an analysis of qualitative factors for our Industrial, Water Treatment and Health and Nutrition reporting units to determine whether it is more likely than not that the fair value of either of these reporting units was less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative goodwill impairment test. Based on management’s analysis of qualitative factors, we determined that it was not necessary to perform a quantitative goodwill impairment test for any of these reporting units.

Goodwill impairment assessments were also completed in the fourth quarters of fiscal 2021 and 2020 and similarly, we did not record a goodwill impairment charge.

Our primary identifiable intangible assets include customer lists, trade secrets, non-competition agreements, trademarks and trade names acquired in previous business acquisitions. Identifiable intangible assets with finite lives are amortized whereas identifiable intangible assets with indefinite lives are not amortized. The values assigned to the intangible assets with finite lives are being amortized on average over a remaining useful life of approximately 12 years. Identifiable intangible assets that are subject to amortization are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. No such events or changes in circumstances occurred during fiscal 2022, 2021 or 2020. Identifiable intangible assets not subject to amortization are tested for impairment annually or more frequently if events warrant. The impairment test consists of a qualitative assessment to determine whether it is more likely than not that the asset is impaired. Based on management’s analysis of qualitative factors, we determined that it was not necessary to perform an annual quantitative impairment test for fiscal 2022, 2021 or 2020.

Income Taxes - We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income tax expense in the period that includes the enactment date. The deferred tax assets and liabilities are analyzed regularly, and management assesses the likelihood that deferred tax assets will be recovered from future taxable income. We record any interest and penalties related to income taxes as income tax expense in the consolidated statements of income.

We recognize the effect of income tax positions only if those positions are more-likely-than-not to be sustained. Recognized income tax positions are measured at the largest amount of tax with a greater than 50 percent likelihood of being realized upon ultimate settlement with the related tax authority. Changes in recognition or measurement are reflected in the period in which the facts and circumstances change.

Stock-Based Compensation - We account for stock-based compensation on a fair value basis. The estimated grant date fair value of each stock-based award is recognized in expense over the requisite service period (generally the vesting period). Non-vested share awards are recorded as expense over the requisite service periods based on the stock price on the date of grant.

Earnings Per Share - Basic earnings per share (“EPS”) are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted EPS are computed by dividing net income by the weighted-average number of common shares outstanding including the incremental shares assumed to be issued as performance units and restricted stock. Basic and diluted EPS were calculated using the following:


	April 03, 2022	March 28, 2021	March 29, 2020
Weighted average common shares outstanding — basic	20,947,234	21,024,344	21,159,978
Dilutive impact of stock performance units and restricted stock	188,024	235,952	148,822
Weighted average common shares outstanding — diluted	21,135,258	21,260,296	21,308,800

There were no shares or stock options excluded from the calculation of weighted average common shares for diluted EPS for fiscal 2022, 2021 or 2020.

Stock Split - In fiscal 2021, we effected a two-for-one stock split of our common stock and adjusted the par value of our common stock to $.01 par value. Our consolidated financial statements, related notes, and other financial data contained in this report have been adjusted to give retroactive effect to the stock split for all periods presented.

Derivative Instruments and Hedging Activities - We are subject to interest rate risk associated with our variable rate debt. We have in place an interest rate swap agreement which has been designated as a cash flow hedge, the purpose of which is to eliminate the cash flow impact of interest rate changes on a portion of our variable-rate debt. The interest rate swap is measured at fair value on the contract date and is subsequently remeasured to fair value at each reporting date. Changes in the fair value of a derivative that is highly effective, and that is designated and qualifies as a cash flow hedge, are recorded in other comprehensive income, until the consolidated statement of income is affected by the variability in cash flows of the designated hedged item. To the extent that the hedge is ineffective, changes in the fair value are recognized in the Statement of Income.

Recently Issued Accounting Pronouncements

We do not expect that any recently issued accounting pronouncements will have a material effect on our financial statements.

Recently Adopted Accounting Pronouncements

In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes, removing certain exceptions for investments, intra-period allocations and interim calculations and adding guidance to reduce complexity in accounting for income taxes. We adopted this guidance at the beginning of fiscal 2022. Our adoption of this ASU did not have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Acquisitions	12 Months Ended
Acquisitions	Apr. 03, 2022
Business Combination and Asset Acquisition [Abstract]
Business Combination Disclosure	Acquisitions Acquisition of NAPCO Chemical Company, Inc.: On December 30, 2021, we acquired substantially all the assets of NAPCO Chemical Company, Inc. ("NAPCO"), under the terms of an asset purchase agreement with NAPCO and certain other parties thereto, to further the geographic reach of our Water Treatment segment. We paid $18.5 million at closing for the acquisition, and an additional $0.5 million for a working capital adjustment. NAPCO manufactures and distributes water treatment chemicals from three locations in Texas. The results of operations since the acquisition date, and the assets, including the goodwill associated with this acquisition, are included in our Water Treatment segment. Costs associated with this transaction were not material and were expensed as incurred. The acquisition has been accounted for as a business combination, under which the total purchase price is allocated to the net tangible and intangible assets and liabilities of NAPCO acquired in connection with the acquisition based on their estimated fair values. We estimated the fair values of the assets acquired and liabilities assumed using a discounted cash flow analysis (income approach). Of the total $19 million purchase price, we allocated $9.4 million to finite-lived intangible assets, primarily customer relationships to be amortized over 18 years, $3.6 million to property, plant and equipment and $1.5 million to net working capital. The residual amount of $4.5 million was allocated to goodwill. The goodwill recognized as a result of this acquisition is primarily attributable to strategic and synergistic benefits, as well as the assembled workforce. Such goodwill is expected to be deductible for tax purposes. The purchase price allocation is final. Acquisition of Water and Waste Specialties, Inc.: On October 29, 2021, we acquired substantially all the assets of Water and Waste Specialties, Inc., under the terms of a purchase agreement with Water and Waste Specialties and its shareholders, to further the geographic reach of our Water Treatment segment. We paid $1.4 million at closing for the acquisition. Water and Waste Specialties was a water treatment chemical distribution company operating primarily in Alabama. The results of operations since the acquisition date, and the assets, including the goodwill associated with this acquisition, are included in our Water Treatment segment. Costs associated with this transaction were not material and were expensed as incurred. The acquisition has been accounted for as a business combination, under which the total purchase price is allocated to the net tangible and intangible assets and liabilities of Water and Waste Specialties acquired in connection with the acquisition based on their estimated fair values. We estimated the fair values of the assets acquired and liabilities assumed using a discounted cash flow analysis (income approach). Of the total $1.4 million purchase price, we allocated $0.5 million to finite-lived intangible assets, primarily customer relationships to be amortized over 11 years, and $0.4 million to property, plant and equipment. The residual amount of $0.5 million was allocated to goodwill. The goodwill recognized as a result of this acquisition is primarily attributable to strategic and synergistic benefits, as well as the assembled workforce. Such goodwill is expected to be deductible for tax purposes. The purchase price allocation is final. Acquisition of Southeast Water Systems LLC: On September 20, 2021, we acquired substantially all the assets of Southeast Water Systems LLC, under the terms of an asset purchase agreement with Southeast Water Systems and its shareholders, to further the geographic reach of our Water Treatment segment. We paid $1.2 million at closing for the acquisition and may pay up to an additional $1.0 million over the next three years based on achieving certain goals. Southeast Water Systems supplied and installed water treatment chemical equipment to its customers located primarily in Alabama, southern Georgia and the Florida panhandle. The results of operations since the acquisition date, and the assets, including the goodwill associated with this acquisition, are included in our Water Treatment segment. Costs associated with this transaction were not material and were expensed as incurred. The acquisition has been accounted for as a business combination, under which the total purchase price is allocated to the net tangible and intangible assets and liabilities of Southeast Water Systems acquired in connection with the acquisition based on their estimated fair values. We estimated the fair values of the assets acquired and liabilities assumed using a discounted cash flow analysis (income approach). Of the total $2.2 million purchase price, which includes a contingent consideration liability of $1.0 million, we allocated $0.4 million to finite-lived intangible assets, primarily customer relationships to be amortized over 10 years, and $0.1 million to property, plant and equipment. The residual amount of $1.7 million was allocated to goodwill. The goodwill recognized as a result of this acquisition is primarily attributable to strategic and synergistic benefits, as well as the assembled workforce. Such goodwill is expected to be deductible for tax purposes. The purchase price allocation is final. Acquisition of C&L Aqua Professionals, Inc. and LC Blending, Inc.: In fiscal 2021, we acquired substantially all the assets of C&L Aqua Professionals, Inc. and LC Blending, Inc. (together, "C&L Aqua") under the terms of an asset purchase agreement among us, C&L Aqua and its shareholders, to further the geographic reach of our Water Treatment segment. We paid $16 million for the acquisition. C&L Aqua was a water treatment chemical distribution company operating primarily in Louisiana. The results of operations since the acquisition date, and the assets, including the goodwill associated with this acquisition, are included in our Water Treatment segment. Costs associated with this transaction were not material and were expensed as incurred. The acquisition has been accounted for as a business combination, under which the total purchase price is allocated to the net tangible and intangible assets and liabilities of C&L Aqua acquired in connection with the acquisition based on their estimated fair values. We estimated the fair values of the assets acquired and liabilities assumed using a discounted cash flow analysis (income approach). Of the $16 million purchase price, we preliminarily allocated $8.2 million to finite-lived intangible assets, primarily customer relationships to be amortized over 18 years, $3.6 million to property, plant and equipment, and $1.1 million to net working capital. The residual amount of $3.1 million was allocated to goodwill. The goodwill recognized as a result of this acquisition is primarily attributable to strategic and synergistic benefits, as well as the assembled workforce. Such goodwill is expected to be deductible for tax purposes. Acquisition of Property: In fiscal 2021, we acquired a manufacturing facility on 28 acres located adjacent to our facility in Rosemount, Minnesota to allow further expansion and growth in both our Industrial and Water Treatment segments. We paid $10 million for the property. The purchase of this facility adds approximately 40,000 square feet of manufacturing and warehouse space to bring us to a total of 105,000 square feet of space on 56 acres of land in the area, with rail access at both of the sites to allow for future growth and provide for supply chain flexibility on certain raw materials to better serve our customers. This acquisition has been accounted for as an asset acquisition, under which the total purchase price is allocated to the net tangible assets acquired based on their estimated fair values. Of the $10 million purchase price, $4.6 million was allocated to buildings, $3.7 million was allocated to land, $1.4 million was allocated to equipment, and $0.3 million was allocated to site improvements. Acquisition of American Development Corporation of Tennessee, Inc.: In fiscal 2021, we acquired substantially all the assets of American Development Corporation of Tennessee, Inc. (“ADC”) under the terms of an asset purchase agreement among us, ADC and its shareholders, to further the geographic reach of our Water Treatment segment. We paid $25 million for the acquisition. ADC was a water treatment chemical distribution company operating primarily in Tennessee, Georgia and Kentucky. The results of operations since the acquisition date, and the assets, including the goodwill associated with this acquisition, are included in our Water Treatment segment. Costs associated with this transaction were not material and were expensed as incurred. The acquisition has been accounted for as a business combination, under which the total purchase price is allocated to the net tangible and intangible assets and liabilities of ADC acquired in connection with the acquisition based on their estimated fair values. We estimated the fair values of the assets acquired and liabilities assumed using a discounted cash flow analysis (income approach). Of the $25 million purchase price, we allocated $13.3 million to finite-lived intangible assets, primarily customer relationships to be amortized over 17 years, $1.6 million to property, plant and equipment, and $0.9 million to net working capital. The residual amount of $9.2 million was allocated to goodwill. The goodwill recognized as a result of this acquisition is primarily attributable to strategic and synergistic benefits, as well as the assembled workforce. Such goodwill is expected to be deductible for tax purposes.

Revenue

12 Months Ended

Apr. 03, 2022

Revenue [Abstract]

Revenue from Contract with Customer

Revenue

Our revenue arrangements generally consist of a single performance obligation to transfer promised goods or services. We disaggregate revenues from contracts with customers by both operating segments and types of product sold. Reporting by operating segment is pertinent to understanding our revenues, as it aligns to how we review the financial performance of our operations. Types of products sold within each operating segment help us to further evaluate the financial performance of our segments.

The following table disaggregates external customer net sales by major revenue stream:


	Fiscal Year Ended April 3, 2022:
(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total
Manufactured, blended or repackaged products (1)	$	318,514	$	205,350	$	34,690	$	558,554
Distributed specialty products (2)	—		—		124,312		124,312
Bulk products (3)	61,443		20,211		—		81,654
Other	6,981		2,572		468		10,021
Total external customer sales	$	386,938	$	228,133	$	159,470	$	774,541

	Fiscal Year Ended March 28, 2021:
(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total
Manufactured, blended or repackaged products (1)	$	231,427	$	152,694	$	38,270	$	422,391
Distributed specialty products (2)	—		—		115,317		115,317
Bulk products (3)	38,378		16,067		—		54,445
Other	3,556		1,243		(81)		4,718
Total external customer sales	$	273,361	$	170,004	$	153,506	$	596,871

	Fiscal Year Ended March 29, 2020:
(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total
Manufactured, blended or repackaged products (1)	$	222,161	$	139,917	$	14,770	$	376,848
Distributed specialty products (2)	—		—		90,065		90,065
Bulk products (3)	49,864		18,481		—		68,345
Other	3,199		1,497		244		4,940
Total external customer sales	$	275,224	$	159,895	$	105,079	$	540,198

(1)For our Industrial and Water Treatment segments, this line includes our non-bulk specialty products that we either manufacture, blend, repackage, resell in their original form, or direct ship to our customers in smaller quantities, and services we provide for our customers. For our Health and Nutrition segment, this line includes products manufactured, processed or repackaged in our facility and/or with our equipment

(2)This line includes non-manufactured distributed specialty products in our Health and Nutrition segment, which may be sold out of one of our facilities or direct shipped to our customers

(3)This line includes bulk products in our Industrial and Water Treatment segments that we do not modify in any way, but receive, store, and ship from our facilities, or direct ship to our customers in large quantities.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 13
-Subparagraph (b)(2)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 12
-Subparagraph (d)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Derivative Instruments	12 Months Ended
Derivative Instruments	Apr. 03, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivative Instruments We have in place an interest rate swap agreement to manage the risk associated with a portion of our variable-rate long-term debt. We do not utilize derivative instruments for speculative purposes. The interest rate swap involves the exchange of fixed-rate and variable-rate payments without the exchange of the underlying notional amount on which the interest payments are calculated. The notional amount of the swap agreement is $60 million and it will terminate on May 1, 2027. We have designated this swap as a cash flow hedge and have determined that it qualified for hedge accounting treatment. For so long as the hedge is effective, changes in fair value of the cash flow hedge are recorded in other comprehensive income or loss (net of tax) until income or loss from the cash flows of the hedged item is realized. We previously had in place an interest rate swap agreement to manage the risk associated with a portion of our variable-rate long-term debt. The $20 million swap agreement terminated on December 23, 2020. We had designated this swap as a cash flow hedge and determined that it qualified for hedge accounting treatment. For so long as the hedge was effective, changes in fair value of the cash flow hedge were recorded in other comprehensive income or loss (net of tax) until income or loss from the cash flows of the hedged item was realized. For the years ended April 3, 2022 and March 28, 2021, we recorded $1.3 million and $0.1 million in other comprehensive income related to unrealized gains (net of tax) on the cash flow hedge. For the year ended March 29, 2020, we recorded $0.4 million in other comprehensive income related to unrealized losses (net of tax) on the cash flow hedge described above. Included in other other long-term assets on our consolidated balance sheet was $1.8 million as of April 3, 2022. Included in other current liabilities on our consolidated balance sheet was $0.1 million as of March 29, 2020. By their nature, derivative instruments are subject to market risk. Derivative instruments are also subject to credit risk associated with counterparties to the derivative contracts. Credit risk associated with derivatives is measured based on the replacement cost should the counterparty with a contract in a gain position to us fail to perform under the terms of the contract. While the current interest rate swap is in effect, we do not anticipate nonperformance by the counterparty.

Fair Value Measurements

12 Months Ended

Apr. 03, 2022

Fair Value Disclosures [Abstract]

Fair Value, Measurement Inputs, Disclosure [Text Block]

Fair Value Measurements

Our financial assets and liabilities are measured at fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The carrying value of cash equivalents, accounts receivable, accounts payable, and accrued expenses approximate fair value because of the short-term nature of these instruments. Because of the variable-rate nature of our debt under our credit facility, our debt also approximates fair value.

Assets and Liabilities Measured at Fair Value on a Recurring Basis. The fair value hierarchy requires the use of observable market data when available. In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.

Our financial assets that are measured at fair value on a recurring basis are an interest rate swap and assets held in a deferred compensation retirement plan. Both of these assets are classified as other long-term assets on our balance sheet, with the portion of the deferred compensation retirement plan assets expected to be paid within twelve months classified as current assets. The fair value of the interest rate swap is determined by the respective counterparties based on interest rate changes. Interest rate swaps are valued based on observable interest rate yield curves for similar instruments. The deferred compensation plan assets relate to contributions made to a non-qualified compensation plan on behalf of certain employees who are classified as “highly compensated employees” as determined by IRS guidelines. The assets are part of a rabbi trust and the funds are held in mutual funds. The fair value of the deferred compensation is based on the quoted market prices for the mutual funds at the end of the period.

The following table summarizes the balances of assets measured at fair value on a recurring basis as of April 3, 2022 and March 28, 2021.


(In thousands)		April 3, 2022		March 28, 2021
Assets
Deferred compensation plan assets	Level 1	$	7,038	$	5,946
Interest rate swap	Level 2	1,769		—

Assets Held for Sale	12 Months Ended
Assets Held for Sale	Apr. 03, 2022
Assets Held For Sale [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	Assets Held for Sale We have no assets classified as held for sale as of April 3, 2022. Included in assets held for sale as of March 28, 2021 was $0.7 million for an office building in St. Louis, Missouri that was utilized in the administration of our Industrial segment, and $0.2 million for a water treatment branch located in Eldridge, Iowa, which has been relocated to another owned facility. Both were sold in the first quarter of fiscal 2022. These amounts were recorded as assets held for sale within prepaid expenses and other current assets on our balance sheet.

Inventories

12 Months Ended

Apr. 03, 2022

Inventory Disclosure [Abstract]

Inventories

Inventories at April 3, 2022 and March 28, 2021 consisted of the following:


	2022		2021
(In thousands)
Inventory (FIFO basis)	$	116,325	$	69,438
LIFO reserve	(21,340)		(5,574)
Net inventory	$	94,985	$	63,864

The FIFO value of inventories accounted for under the LIFO method was $83.7 million at April 3, 2022 and $46.8 million at March 28, 2021. The remainder of the inventory was valued and accounted for under the FIFO method.

Goodwill and Intangible Assets

12 Months Ended

Apr. 03, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Other Identifiable Intangible Assets

The carrying amount of goodwill for each of our three reportable segments were as follows:


(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total
Balance as of March 29, 2020	$	6,495	$	7,000	$	44,945	$	58,440
Addition due to acquisitions	—		12,280		—		12,280
Balance as of March 28, 2021	$	6,495	$	19,280	$	44,945	$	70,720
Addition due to acquisitions	—		6,681		—		6,681
Balance as of April 3, 2022	$	6,495	$	25,961	$	44,945	$	77,401

The following is a summary of our identifiable intangible assets as of April 3, 2022 and March 28, 2021:


	2022
	Gross Amount		Accumulated Amortization		Net carrying value
(In thousands)
Finite-life intangible assets:
Customer relationships	$	109,644	$	(32,399)	$	77,245
Trademarks and trade names	6,370		(4,746)		1,624
Other finite-life intangible assets	3,904		(3,807)		97
Total finite-life intangible assets	119,918		(40,952)		78,966
Indefinite-life intangible assets	1,227		—		1,227
Total intangible assets, net	$	121,145	$	(40,952)	$	80,193


	2021
	Gross Amount		Accumulated Amortization		Net carrying value
(In thousands)
Finite-life intangible assets:
Customer relationships	$	99,588	$	(26,522)	$	73,066
Trademarks and trade names	6,210		(4,275)		1,935
Other finite-life intangible assets	3,833		(3,693)		140
Total finite-life intangible assets	109,631		(34,490)		75,141
Indefinite-life intangible assets	1,227		—		1,227
Total intangible assets, net	$	110,858	$	(34,490)	$	76,368

Intangible asset amortization expense was $6.5 million during fiscal 2022, $5.8 million during fiscal 2021, and $5.1 million during fiscal 2020.

The estimated future amortization expense for identifiable intangible assets is as follows:


(In thousands)	Intangible Assets
Fiscal 2023	$	6,923
Fiscal 2024	6,707
Fiscal 2025	6,707
Fiscal 2026	6,606
Fiscal 2027	6,305
Thereafter	45,718
Total	$	78,966

Debt

12 Months Ended

Apr. 03, 2022

Debt Disclosure [Abstract]

Debt

On March 31, 2022, we entered into a second amended and restated credit agreement (the “Credit Agreement”) with U.S. Bank National Association (“U.S. Bank”) as Sole Lead Arranger and Sole Book Runner, and other lenders from time to time party thereto (collectively, the “Lenders”), whereby U.S. Bank is also serving as Administrative Agent. The Credit Agreement refinanced the revolving loan under our previous credit agreement with U.S. Bank and provides us with senior secured revolving credit facilities (the “Revolving Loan Facility”) totaling $250.0 million. The Revolving Loan Facility includes a $15 million letter of credit subfacility and $25 million swingline subfacility. The Revolving Loan Facility has a five-year maturity date, maturing on April 30, 2027. The Revolving Loan Facility is secured by substantially all of our personal property assets and those of our subsidiaries.

We used $126.0 million of the proceeds from the Revolving Loan Facility to refinance the obligations under the previous credit facility. We may use the remaining amount of the Revolving Loan Facility for working capital, capital expenditures, share repurchases, restricted payments and acquisitions permitted under the Credit Agreement, and other general corporate purposes.

At April 3, 2022, the effective interest rate on our borrowings was 1.2%. In addition to paying interest on the outstanding principal under the Revolving Loan Facility, we are required to pay a commitment fee on the unutilized commitments thereunder. The commitment fee is between 0.15% and 0.25%, depending on our leverage ratio.

Debt issuance costs of $0.3 million paid to the lenders in connection with the Credit Agreement, as well as unamortized debt issuance costs of $0.1 million paid in connection with the previous credit facility, are reflected as a reduction of debt and are being amortized as interest expense over the term of the Revolving Loan Facility.

The Credit Agreement requires us to maintain (a) a minimum fixed charge coverage ratio of 1.15 to 1.00 and (b) a maximum total cash flow leverage ratio of 3.0 to 1.0. The Credit Agreement also contains other customary affirmative and negative covenants, including covenants that restrict our ability to incur additional indebtedness, dispose of significant assets, make certain investments, including any acquisitions other than permitted acquisitions, make certain payments, enter into sale and leaseback transactions, grant liens on our assets or enter into rate management transactions, subject to certain limitations. We are permitted to make distributions, pay dividends and repurchase shares so long as no default or event of default exists or would exist as a result thereof. We are permitted to make distributions, pay dividends and repurchase shares so long as no default or event of default exists or would exist as a result thereof. As of April 3, 2022, we were in compliance with all required covenants.

Debt at April 3, 2022 and March 28, 2021 consisted of the following:


(In thousands)	April 3, 2022		March 28, 2021
Senior secured revolving loan	$	126,000	$	99,000
Less: unamortized debt issuance costs	(443)		(248)
Total debt, net of debt issuance costs	125,557		98,752
Less: current portion of long-term debt, net of current unamortized debt issuance costs	(9,913)		(9,907)
Total long-term debt	$	115,644	$	88,845

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Share Based Compensation

12 Months Ended

Apr. 03, 2022

Share-based Payment Arrangement [Abstract]

Share-Based Compensation

Performance-Based Restricted Stock Units. Our Board of Directors has approved a performance-based equity compensation arrangement for our executive officers. This performance-based arrangement provides for the grant of performance-based restricted stock units that represent a possible future issuance of restricted shares of our common shares based on our pre-tax income target for the applicable fiscal year. The actual number of restricted shares to be issued to each executive officer will be determined when our final financial information becomes available after the applicable fiscal year and will be between zero shares and 88,524 shares in the aggregate for fiscal 2022. The restricted shares issued, if any, will fully vest two years after the end of the fiscal year on which the performance is based. We record the compensation expense for the outstanding performance share units and then-converted restricted stock over the life of the awards.

The following table represents the restricted stock activity for fiscal 2021 and 2022:


	Shares	Weighted- Average Grant Date Fair Value
Outstanding at beginning of fiscal 2020	65,766	$	21.83
Granted	138,504	17.25
Vested	(55,240)	23.01
Forfeited	—	—
Outstanding at end of fiscal 2020	149,030	$	17.13
Granted	129,626	18.69
Vested	(10,526)	15.68
Forfeited	(29,010)	17.92
Outstanding at end of fiscal 2021	239,120	$	17.94
Granted	111,618	31.74
Vested	(123,002)	17.25
Forfeited	(13,258)	18.69
Outstanding at end of fiscal 2022	214,478	$	25.48

The weighted average grant date fair value of performance-based restricted shares issued in fiscal 2022 was $31.74, fiscal 2021 was $18.69 and fiscal 2020 was $17.25. We recorded compensation expense on performance-based restricted stock of approximately $2.9 million for fiscal 2022, $2.5 million for fiscal 2021 and $1.5 million for fiscal 2020, substantially all of which was recorded in selling, general and administrative (“SG&A”) expense in the Consolidated Statements of Income. The total fair value of performance-based restricted stock units vested was $2.1 million in fiscal 2022, $0.2 million in fiscal 2021 and $1.3 million in fiscal 2020.

Until the performance-based restricted stock units result in the issuance of restricted stock, the amount of expense recorded each period is dependent upon our estimate of the number of shares that will ultimately be issued and our then current common share price. Upon issuance of restricted stock, we record compensation expense over the remaining vesting period using the award date closing price. Unrecognized compensation expense related to non-vested restricted stock and non-vested restricted share units as of April 3, 2022 was $3.9 million and is expected to be recognized over a weighted average period of 1.2 years.

Restricted Stock Awards. As part of their retainer, our non-employee directors receive restricted stock for their Board services. The restricted stock awards are expensed over a one-year vesting period, based on the market value on the date of grant.

The following table represents the Board’s restricted stock activity for fiscal 2021 and 2022:


	Shares	Weighted- Average Grant Date Fair Value
Outstanding at beginning of fiscal 2020	16,704	$	17.95
Granted	16,016	21.84
Vested	(16,704)	17.95
Forfeited	—	—
Outstanding at end of fiscal 2020	16,016	$	21.84
Granted	13,186	25.59
Vested	(16,016)	21.84
Forfeited	(1,958)	25.53
Outstanding at end of fiscal 2021	11,228	$	25.60
Granted	10,287	32.80
Vested	(11,228)	25.60
Forfeited	—	—
Outstanding at end of fiscal 2022	10,287	$	32.80

Annual expense related to the value of restricted stock was $0.3 million in fiscal 2022, 2021 and 2020, and was recorded in SG&A expense in the Consolidated Statements of Income. Unrecognized compensation expense related to non-vested restricted stock awards as of April 3, 2022 was $0.1 million and is expected to be recognized over a weighted average period of 0.3 years.

Share Repurchase Program	12 Months Ended
Share Repurchase Program	Apr. 03, 2022
Share Repurchase Program [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Share Repurchases Our board of directors has authorized the repurchase of up to 1,600,000 shares of our outstanding common shares. The shares may be repurchased on the open market or in privately negotiated transactions subject to applicable securities laws and regulations. Upon repurchase of the shares, we reduce our common shares for the par value of the shares with the excess applied against additional paid-in capital. We repurchased 240,501 common shares at an aggregate purchase price of $8.5 million during fiscal 2022. We repurchased 166,088 common shares at an aggregate purchase price of $4.1 million during fiscal 2021. We repurchased 291,166 common shares at an aggregate purchase price of $5.9 million during fiscal 2020. As of April 3, 2022, the number of shares available to be purchased under the share repurchase program was 311,005.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Profit Sharing, Employee Stock Ownership, Employee Stock Purchase and Pension Plans

12 Months Ended

Apr. 03, 2022

Retirement Benefits [Abstract]

Profit Sharing, Employee Stock Ownership Plan, Employee Stock Purchase Plan and Defined Contribution Pension Plan Contribution Expense

Profit Sharing, Employee Stock Ownership, Employee Stock Purchase and Pension Plans

Company Sponsored Plans. The majority of our non-bargaining unit employees are eligible to participate in a company-sponsored profit sharing plan. Contributions are made at our discretion subject to a maximum amount allowed under the Internal Revenue Code (“IRC”). The profit sharing plan contribution level for each employee depends upon date of hire, and was 2.5% or 5.0% of each employee’s eligible compensation for fiscal 2022, 2021 and 2020. We also have in place a retirement plan covering our collective bargaining unit employees. The retirement plan provides for a contribution of 2.5% or 5.0% of each employee’s eligible annual wages depending on their hire date. In addition to the employer contributions described above, both the profit sharing plan and the retirement plan include a 401(k) plan that allows employees to contribute pre-tax earnings up to the maximum amount allowed under the IRC, with an employer match of up to 5% of the employee’s eligible compensation.

We have two employee stock ownership plans (“ESOPs”), one covering the majority of our non-bargaining unit employees and the other covering our collective bargaining unit employees. Contributions to the plan covering our non-bargaining unit employees are made at our discretion. Contributions to both plans are subject to a maximum amount allowed under the IRC, and were 2.5% or 5.0% of each employee’s eligible wages, depending on each eligible employee’s hire date, for fiscal 2022, 2021 and 2020.

We have a nonqualified deferred compensation plan covering employees who are classified as “highly compensated employees” as determined by IRS guidelines for the plan year and who were hired on or before April 1, 2012. Employees who are eligible for the nonqualified deferred compensation plan for any plan year are not eligible for the profit sharing plan contribution or the ESOP contributions described above for that plan year. Our contribution to the nonqualified deferred compensation plan for fiscal 2022, 2021 and 2020 was 10% of each employee’s eligible compensation, subject to the maximum amount allowed under the IRC.

We have an employee stock purchase plan (“ESPP”) covering substantially all of our employees. The ESPP allows employees to purchase newly-issued shares of the Company’s common shares at a discount from market. The number of new shares issued under the ESPP was 71,692 in fiscal 2022, 88,148 in fiscal 2021 and 77,100 in fiscal 2020.

The following represents the contribution expense for these company-sponsored plans for fiscal 2022, 2021 and 2020:


(In thousands)	2022		2021		2020

Non-bargaining unit employee plans:
Profit sharing	$	1,056	$	994	$	631
401(k) matching contributions	3,122		2,650		2,399
ESOP	1,056		994		631
Nonqualified deferred compensation plan	1,355		1,327		1,262
Bargaining unit employee plans	589		555		481
ESPP - all employees	549		556		431
Total contribution expense	$	7,727	$	7,076	$	5,835

In 2013, we withdrew from a collectively bargained multiemployer pension plan and recorded a liability for our share of the unfunded vested benefits. Payments of approximately $0.5 million per year are being made through 2034.

- Definition

The entire disclosure for retirement benefits.

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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Apr. 03, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation. As of April 3, 2022, there were no material pending legal proceedings, other than ordinary routine litigation incidental to the business, to which we or any of our subsidiaries are a party or of which any of our property is the subject. Legal fees associated with such matters are expensed as incurred. Asset Retirement Obligations. We have three leases of land which contain terms that state that at the end of the lease term, we have a specified amount of time to remove the property and buildings. Including available lease extensions, these leases expire in 2023, 2033 and 2044. At that time, anything that remains on the land becomes the property of the lessor, and the lessor has the option to either maintain the property or remove the property at our expense. We have not been able to reasonably estimate the fair value of the asset retirement obligations, primarily due to the combination of the following factors: certain of the leases do not expire in the near future; we have a history of extending the leases with the lessors and currently intend to do so at expiration of the lease periods; the lessors do not have a history of terminating leases with their tenants; and because it is more likely than not that the buildings will have value at the end of the lease life and therefore, may not be removed by either the lessee or the lessor. Therefore, in accordance with accounting guidance related to asset retirement and environmental obligations, we have not recorded an asset retirement obligation as of April 3, 2022. We will continue to monitor the factors surrounding the requirement to record an asset retirement obligation and will recognize the fair value of a liability in the period in which it is incurred and a reasonable estimate can be made.

Income Taxes

12 Months Ended

Apr. 03, 2022

Income Tax Disclosure [Abstract]

Income Taxes

The provisions for income taxes for fiscal 2022, 2021 and 2020 were as follows:


	2022		2021		2020
(In thousands)
Federal — current	$	14,736	$	11,169	$	8,447
State — current	5,202		4,391		3,563
Total current	19,938		15,560		12,010

Federal — deferred	(1,054)		(302)		(976)
State — deferred	(447)		(387)		(445)
Total deferred	(1,501)		(689)		(1,421)
Total provision	$	18,437	$	14,871	$	10,589

Reconciliations of the provisions for income taxes to the applicable federal statutory income tax rate for fiscal 2022, 2021 and 2020 are listed below.


	2022		2021		2020
Statutory federal income tax	21.0	%	21.0	%	21.0	%
State income taxes, net of federal deduction	5.6	%	5.9	%	5.7	%
ESOP dividend deduction on allocated shares	(0.2)	%	(0.2)	%	(0.3)	%


Other — net	(0.1)	%	(0.1)	%	0.8	%
Total	26.3	%	26.6	%	27.2	%

The tax effects of items comprising our net deferred tax liability as of April 3, 2022 and March 28, 2021 are as follows:


(In thousands)	2022		2021
Deferred tax assets:
Trade receivables	$	99	$	134
Stock compensation accruals	1,823		1,341
Pension withdrawal liability	1,250		1,344
Lease liability	2,916		3,191

Other	3,097		2,882
Total deferred tax assets	$	9,185	$	8,892
Deferred tax liabilities:
Inventories	$	(1,288)	$	(2,815)
Prepaid expenses	(937)		(864)
Excess of tax over book depreciation	(12,234)		(11,249)
Intangible assets	(14,806)		(15,269)
ROU asset	(2,864)		(3,140)
Unrealized gain on interest rate swap	(478)		—
Total deferred tax liabilities	$	(32,607)	$	(33,337)
Net deferred tax liabilities	$	(23,422)	$	(24,445)

As of April 3, 2022, the Company has determined that it is more likely than not that the deferred tax assets at April 3, 2022 will be realized either through future taxable income or reversals of taxable temporary differences.

We are subject to U.S. federal income tax as well as income tax of multiple state jurisdictions. The tax years prior to our fiscal year ended March 31, 2019 are closed to examination by the Internal Revenue Service, and with few exceptions, state and local income tax jurisdictions.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Leases

12 Months Ended

Apr. 03, 2022

Leases [Abstract]

Lessee, Operating Leases

Leases

Lease Obligations. As of April 3, 2022, we were obligated under operating lease agreements for certain manufacturing facilities, warehouse space, the land on which some of our facilities sit, vehicles and information technology equipment. Our leases have remaining lease terms of 1 year to 23 years, some of which include options to extend the lease for up to 15 years.

As of April 3, 2022 and March 28, 2021, our operating lease components with initial or remaining terms in excess of one year were classified on the consolidated balance sheet within right-of-use assets, short-term lease liability and long-term lease liability.

Total lease expense was $2.9 million for the twelve months ended April 3, 2022 and $2.8 million for the twelve months ended March 28, 2021, and includes leases less than 12 months in duration.

Other information related to our operating leases was as follows:


	April 3, 2022		March 28, 2021
Lease Term and Discount Rate
Weighted average remaining lease term (years)	8.91		9.73
Weighted average discount rate	2.6	%	2.7	%

Maturities of lease liabilities as of April 3, 2022 were as follows:


(In thousands)	Operating Leases
Fiscal 2023	$	1,889
Fiscal 2024	1,515
Fiscal 2025	1,450
Fiscal 2026	1,388
Fiscal 2027	1,359
Thereafter	5,171
Total	$	12,772
Less: Interest	(1,972)
Present value of lease liabilities	$	10,800

Segment Information

12 Months Ended

Apr. 03, 2022

Segment Reporting [Abstract]

Segment Information

We have three reportable segments: Industrial, Water Treatment and Health and Nutrition. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Product costs and expenses for each segment are based on actual costs incurred along with cost allocations of shared and centralized functions.

We evaluate performance based on operating income. Reportable segments are defined primarily by product and type of customer. Segments are responsible for the sales, marketing and development of their products and services. Other than our Health and Nutrition segment, the segments do not have separate customer service or purchasing functions. There are no intersegment sales and no operating segments have been aggregated.


Reportable Segments	Industrial		Water Treatment		Health and Nutrition		Total
(In thousands)
Fiscal Year Ended April 3, 2022:
Sales	$	386,938	$	228,133	$	159,470	$	774,541
Gross profit	59,606		54,571		32,343		146,520
Selling, general, and administrative expenses	28,127		31,357		15,842		75,326
Operating income	31,479		23,214		16,501		71,194
Identifiable assets*	$	236,934	$	143,889	$	167,034	$	547,857
Capital expenditures	$	18,812	$	8,939	$	761	$	28,512
Fiscal Year Ended March 28, 2021:
Sales	$	273,361	$	170,004	$	153,506	$	596,871
Gross profit	43,337		46,793		33,632		123,762
Selling, general, and administrative expenses	27,033		24,453		16,398		67,884
Operating income	16,304		22,340		17,234		55,878
Identifiable assets*	$	181,478	$	109,761	$	166,558	$	457,797
Capital expenditures	$	13,713	$	6,732	$	349	$	20,794
Fiscal Year Ended March 29, 2020:
Sales	$	275,224	$	159,895	$	105,079	$	540,198
Gross profit	38,936		41,902		20,079		100,917
Selling, general, and administrative expenses	24,123		19,801		15,322		59,246
Operating income	14,813		22,101		4,757		41,671
Identifiable assets*	$	173,068	$	63,506	$	139,780	$	376,354
Capital expenditures	$	14,933	$	9,160	$	456	$	24,549

* Unallocated assets not included, consisting primarily of cash and cash equivalents, investments and prepaid expenses, were $19.5 million at April 3, 2022, $14.8 million at March 28, 2021 and $13.0 million at March 29, 2020.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Valuation and Qualifying Accounts

12 Months Ended

Apr. 03, 2022

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

VALUATION AND QUALIFYING ACCOUNTS

FOR THE FISCAL YEARS ENDED April 3, 2022, March 28, 2021 AND March 29, 2020


			Additions
Description	Balance at Beginning of Year		Charged to Costs and Expenses		Charged to Other Accounts		Deductions Write-Offs		Balance at End of Year
	(In thousands)
Reserve deducted from asset to which it applies:
Fiscal Year Ended April 3, 2022:
Allowance for credit losses	$	497	$	—	$	—	$	(130)	$	367
Fiscal Year Ended March 28, 2021:
Allowance for credit losses	$	784	$	—	$	—	$	(287)	$	497
Fiscal Year Ended March 29, 2020:
Allowance for credit losses	$	620	$	448	$	—	$	(284)	$	784

Nature of Business and Significant Accounting Policies (Policies)

12 Months Ended

Apr. 03, 2022

Accounting Policies [Abstract]

Fiscal Year

Our fiscal year is a 52 or 53-week year ending on the Sunday closest to March 31. Our fiscal 2022 was 53 weeks and our fiscal 2021 fiscal 2020 were both 52 weeks. Fiscal 2023 will be 52 weeks.

Principles of Consolidation

The consolidated financial statements include the accounts of Hawkins, Inc. and its wholly-owned subsidiaries. All intercompany transactions and accounts have been eliminated.

Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, particularly receivables, inventories, property, plant and equipment, right-of-use assets, goodwill, intangibles, accrued expenses, short-term and long-term lease liability, income taxes and related accounts and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

Revenue is measured as the amount of consideration we expect to receive in exchange for transferring products. Revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue upon transfer of control of the promised products to the customer, with revenue recognized at the point in time the customer obtains control of the products. Net sales include products and shipping charges, net of estimates for product returns and any related sales rebates. We estimate product returns based on historical return rates. Using probability assessments, we estimate sales rebates expected to be paid over the term of the contract. The majority of our contracts have a single performance obligation and are short term in nature. Sales taxes that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. We offer certain customers cash discounts and volume rebates as sales incentives. The discounts and volume rebates are recorded as a reduction in sales at the time revenue is recognized in an amount estimated based on historical experience and contractual obligations. Shipping and Handling - All shipping and handling amounts billed to customers are included in revenues. Costs incurred related to the shipping and the handling of products are included in cost of sales.

Fair Value Measurements

The financial assets and liabilities that are re-measured and reported at fair value for each reporting period are an interest rate swap and marketable securities. There are no fair value measurements with respect to nonfinancial assets or liabilities that are recognized or disclosed at fair value in our consolidated financial statements on a recurring basis.

Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date:

Level 1: Valuation is based on quoted prices in active markets for identical assets or liabilities.

Cash Equivalents

Cash equivalents include all liquid debt instruments (primarily cash funds and money market accounts) purchased with an original maturity of three months or less. The cash balances, maintained at large commercial banking institutions with strong credit ratings, may, at times, exceed federally insured limits.

Trade Receivables

Financial instruments, which potentially subject us to a concentration of credit risk, principally consist of trade receivables. We sell our principal products to a large number of customers in many different industries. As of April 3, 2022, we had a significant concentration of credit risk, with a single customer representing approximately 13% of our total trade receivables. There are no other concentrations of credit risk with other single customers from a particular service or geographic area that would significantly impact us in the near term. To reduce credit risk, we routinely assess the financial strength of our customers. Receivables are reported net of an allowance for credit losses as determined by management at the end of each reporting period. Our receivable allowance in based on an estimate of expected credit losses, with the estimate based on a number of qualitative and quantitative factors that, based on collection experience, may have an impact on repayment risk and ability to collect.

Inventories

Inventories, consisting primarily of finished goods, are primarily valued at the lower of cost or net realizable value, with cost for approximately 73% of our inventory determined using the last-in, first-out (“LIFO”) method. Cost for the other 27% of our total inventory is determined using the first-in, first-out (“FIFO”) method.

Leases

We determine if an arrangement is a lease at inception. Right-of-use ("ROU") assets include operating leases. Lease liabilities for operating leases are classified in "short-term lease liabilities" and "long-term lease liabilities" in our consolidated balance sheet.

Property, Plant and Equipment

Property is stated at cost and depreciated or amortized over the lives of the assets, using the straight-line method. Estimated lives are: 10 to 40 years for buildings and improvements; 3 to 20 years for machinery and equipment; and 3 to 10 years for transportation equipment and office furniture and equipment including computer systems. Leasehold improvements are amortized over the lesser of their estimated useful lives or the remaining lease term. Depreciation and amortization expense is recorded in our Consolidated Statement of Income within cost of goods sold and selling, general and administrative expense, depending on the use of the underlying asset. We recorded depreciation expense of $17.7 million for fiscal 2022, $16.8 million for fiscal 2021 and $16.5 million for fiscal 2020.

Goodwill and Identifiable Intangible Assets

Goodwill represents the excess of the cost of acquired businesses over the fair value of identifiable tangible net assets and identifiable intangible assets purchased. Goodwill is tested at least annually for impairment, and is tested for impairment more frequently if events or changes in circumstances indicate that the asset might be impaired. Our annual test for impairment is as of the first day of our fourth fiscal quarter. As of December 27, 2021, we performed an analysis of qualitative factors for our Industrial, Water Treatment and Health and Nutrition reporting units to determine whether it is more likely than not that the fair value of either of these reporting units was less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative goodwill impairment test. Based on management’s analysis of qualitative factors, we determined that it was not necessary to perform a quantitative goodwill impairment test for any of these reporting units. Goodwill impairment assessments were also completed in the fourth quarters of fiscal 2021 and 2020 and similarly, we did not record a goodwill impairment charge. Our primary identifiable intangible assets include customer lists, trade secrets, non-competition agreements, trademarks and trade names acquired in previous business acquisitions. Identifiable intangible assets with finite lives are amortized whereas identifiable intangible assets with indefinite lives are not amortized. The values assigned to the intangible assets with finite lives are being amortized on average over a remaining useful life of approximately 12 years. Identifiable intangible assets that are subject to amortization are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. No such events or changes in circumstances occurred during fiscal 2022, 2021 or 2020. Identifiable intangible assets not subject to amortization are tested for impairment annually or more frequently if events warrant. The impairment test consists of a qualitative assessment to determine whether it is more likely than not that the asset is impaired. Based on management’s analysis of qualitative factors, we determined that it was not necessary to perform an annual quantitative impairment test for fiscal 2022, 2021 or 2020.

Income Taxes

We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income tax expense in the period that includes the enactment date. The deferred tax assets and liabilities are analyzed regularly, and management assesses the likelihood that deferred tax assets will be recovered from future taxable income. We record any interest and penalties related to income taxes as income tax expense in the consolidated statements of income.We recognize the effect of income tax positions only if those positions are more-likely-than-not to be sustained. Recognized income tax positions are measured at the largest amount of tax with a greater than 50 percent likelihood of being realized upon ultimate settlement with the related tax authority. Changes in recognition or measurement are reflected in the period in which the facts and circumstances change.

Stock-Based Compensation

We account for stock-based compensation on a fair value basis. The estimated grant date fair value of each stock-based award is recognized in expense over the requisite service period (generally the vesting period). Non-vested share awards are recorded as expense over the requisite service periods based on the stock price on the date of grant.

Earnings Per Share

Basic earnings per share (“EPS”) are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted EPS are computed by dividing net income by the weighted-average number of common shares outstanding including the incremental shares assumed to be issued as performance units and restricted stock. Basic and diluted EPS were calculated using the following:


	April 03, 2022	March 28, 2021	March 29, 2020
Weighted average common shares outstanding — basic	20,947,234	21,024,344	21,159,978
Dilutive impact of stock performance units and restricted stock	188,024	235,952	148,822
Weighted average common shares outstanding — diluted	21,135,258	21,260,296	21,308,800

There were no shares or stock options excluded from the calculation of weighted average common shares for diluted EPS for fiscal 2022, 2021 or 2020.

Derivatives Instruments and Hedging Activities

We are subject to interest rate risk associated with our variable rate debt. We have in place an interest rate swap agreement which has been designated as a cash flow hedge, the purpose of which is to eliminate the cash flow impact of interest rate changes on a portion of our variable-rate debt. The interest rate swap is measured at fair value on the contract date and is subsequently remeasured to fair value at each reporting date. Changes in the fair value of a derivative that is highly effective, and that is designated and qualifies as a cash flow hedge, are recorded in other comprehensive income, until the consolidated statement of income is affected by the variability in cash flows of the designated hedged item. To the extent that the hedge is ineffective, changes in the fair value are recognized in the Statement of Income.

Nature of Business and Significant Accounting Policies (Tables)

12 Months Ended

Apr. 03, 2022

Accounting Policies [Abstract]

Schedule of earnings per share, basic and diluted

Basic and diluted EPS were calculated using the following:


	April 03, 2022	March 28, 2021	March 29, 2020
Weighted average common shares outstanding — basic	20,947,234	21,024,344	21,159,978
Dilutive impact of stock performance units and restricted stock	188,024	235,952	148,822
Weighted average common shares outstanding — diluted	21,135,258	21,260,296	21,308,800

Revenue (Tables)

12 Months Ended

Apr. 03, 2022

Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table disaggregates external customer net sales by major revenue stream:


	Fiscal Year Ended April 3, 2022:
(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total
Manufactured, blended or repackaged products (1)	$	318,514	$	205,350	$	34,690	$	558,554
Distributed specialty products (2)	—		—		124,312		124,312
Bulk products (3)	61,443		20,211		—		81,654
Other	6,981		2,572		468		10,021
Total external customer sales	$	386,938	$	228,133	$	159,470	$	774,541

	Fiscal Year Ended March 28, 2021:
(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total
Manufactured, blended or repackaged products (1)	$	231,427	$	152,694	$	38,270	$	422,391
Distributed specialty products (2)	—		—		115,317		115,317
Bulk products (3)	38,378		16,067		—		54,445
Other	3,556		1,243		(81)		4,718
Total external customer sales	$	273,361	$	170,004	$	153,506	$	596,871

	Fiscal Year Ended March 29, 2020:
(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total
Manufactured, blended or repackaged products (1)	$	222,161	$	139,917	$	14,770	$	376,848
Distributed specialty products (2)	—		—		90,065		90,065
Bulk products (3)	49,864		18,481		—		68,345
Other	3,199		1,497		244		4,940
Total external customer sales	$	275,224	$	159,895	$	105,079	$	540,198

(2)This line includes non-manufactured distributed specialty products in our Health and Nutrition segment, which may be sold out of one of our facilities or direct shipped to our customers

Fair Value Measurements (Tables)

12 Months Ended

Apr. 03, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table summarizes the balances of assets measured at fair value on a recurring basis as of April 3, 2022 and March 28, 2021.


(In thousands)		April 3, 2022		March 28, 2021
Assets
Deferred compensation plan assets	Level 1	$	7,038	$	5,946
Interest rate swap	Level 2	1,769		—

Inventories (Tables)

12 Months Ended

Apr. 03, 2022

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories at April 3, 2022 and March 28, 2021 consisted of the following:


	2022		2021
(In thousands)
Inventory (FIFO basis)	$	116,325	$	69,438
LIFO reserve	(21,340)		(5,574)
Net inventory	$	94,985	$	63,864

Goodwill and Intangible Assets (Tables)

12 Months Ended

Apr. 03, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill

The carrying amount of goodwill for each of our three reportable segments were as follows:


(In thousands)	Industrial		Water Treatment		Health and Nutrition		Total
Balance as of March 29, 2020	$	6,495	$	7,000	$	44,945	$	58,440
Addition due to acquisitions	—		12,280		—		12,280
Balance as of March 28, 2021	$	6,495	$	19,280	$	44,945	$	70,720
Addition due to acquisitions	—		6,681		—		6,681
Balance as of April 3, 2022	$	6,495	$	25,961	$	44,945	$	77,401

Summary of intangible assets

The following is a summary of our identifiable intangible assets as of April 3, 2022 and March 28, 2021:


	2022
	Gross Amount		Accumulated Amortization		Net carrying value
(In thousands)
Finite-life intangible assets:
Customer relationships	$	109,644	$	(32,399)	$	77,245
Trademarks and trade names	6,370		(4,746)		1,624
Other finite-life intangible assets	3,904		(3,807)		97
Total finite-life intangible assets	119,918		(40,952)		78,966
Indefinite-life intangible assets	1,227		—		1,227
Total intangible assets, net	$	121,145	$	(40,952)	$	80,193


	2021
	Gross Amount		Accumulated Amortization		Net carrying value
(In thousands)
Finite-life intangible assets:
Customer relationships	$	99,588	$	(26,522)	$	73,066
Trademarks and trade names	6,210		(4,275)		1,935
Other finite-life intangible assets	3,833		(3,693)		140
Total finite-life intangible assets	109,631		(34,490)		75,141
Indefinite-life intangible assets	1,227		—		1,227
Total intangible assets, net	$	110,858	$	(34,490)	$	76,368

Schedule of future amortization expense

The estimated future amortization expense for identifiable intangible assets is as follows:


(In thousands)	Intangible Assets
Fiscal 2023	$	6,923
Fiscal 2024	6,707
Fiscal 2025	6,707
Fiscal 2026	6,606
Fiscal 2027	6,305
Thereafter	45,718
Total	$	78,966

Debt (Tables)

12 Months Ended

Apr. 03, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt at April 3, 2022 and March 28, 2021 consisted of the following:


(In thousands)	April 3, 2022		March 28, 2021
Senior secured revolving loan	$	126,000	$	99,000
Less: unamortized debt issuance costs	(443)		(248)
Total debt, net of debt issuance costs	125,557		98,752
Less: current portion of long-term debt, net of current unamortized debt issuance costs	(9,913)		(9,907)
Total long-term debt	$	115,644	$	88,845

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644

+ Details

Share Based Compensation (Tables)

12 Months Ended

Apr. 03, 2022

Performance-Based Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of performance-based restricted stock units

The following table represents the restricted stock activity for fiscal 2021 and 2022:


	Shares	Weighted- Average Grant Date Fair Value
Outstanding at beginning of fiscal 2020	65,766	$	21.83
Granted	138,504	17.25
Vested	(55,240)	23.01
Forfeited	—	—
Outstanding at end of fiscal 2020	149,030	$	17.13
Granted	129,626	18.69
Vested	(10,526)	15.68
Forfeited	(29,010)	17.92
Outstanding at end of fiscal 2021	239,120	$	17.94
Granted	111,618	31.74
Vested	(123,002)	17.25
Forfeited	(13,258)	18.69
Outstanding at end of fiscal 2022	214,478	$	25.48

Restricted Stock Awards [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of restricted stock awards

The following table represents the Board’s restricted stock activity for fiscal 2021 and 2022:


	Shares	Weighted- Average Grant Date Fair Value
Outstanding at beginning of fiscal 2020	16,704	$	17.95
Granted	16,016	21.84
Vested	(16,704)	17.95
Forfeited	—	—
Outstanding at end of fiscal 2020	16,016	$	21.84
Granted	13,186	25.59
Vested	(16,016)	21.84
Forfeited	(1,958)	25.53
Outstanding at end of fiscal 2021	11,228	$	25.60
Granted	10,287	32.80
Vested	(11,228)	25.60
Forfeited	—	—
Outstanding at end of fiscal 2022	10,287	$	32.80

Profit Sharing, Employee Stock Ownership, Employee Stock Purchase and Pension Plans (Tables)

12 Months Ended

Apr. 03, 2022

Retirement Benefits [Abstract]

Schedule of contribution expenses

The following represents the contribution expense for these company-sponsored plans for fiscal 2022, 2021 and 2020:


(In thousands)	2022		2021		2020

Non-bargaining unit employee plans:
Profit sharing	$	1,056	$	994	$	631
401(k) matching contributions	3,122		2,650		2,399
ESOP	1,056		994		631
Nonqualified deferred compensation plan	1,355		1,327		1,262
Bargaining unit employee plans	589		555		481
ESPP - all employees	549		556		431
Total contribution expense	$	7,727	$	7,076	$	5,835

Income Taxes (Tables)

12 Months Ended

Apr. 03, 2022

Income Tax Disclosure [Abstract]

Schedule of provisions for income taxes

The provisions for income taxes for fiscal 2022, 2021 and 2020 were as follows:


	2022		2021		2020
(In thousands)
Federal — current	$	14,736	$	11,169	$	8,447
State — current	5,202		4,391		3,563
Total current	19,938		15,560		12,010

Federal — deferred	(1,054)		(302)		(976)
State — deferred	(447)		(387)		(445)
Total deferred	(1,501)		(689)		(1,421)
Total provision	$	18,437	$	14,871	$	10,589

Schedule of effective income tax rate reconciliation

Reconciliations of the provisions for income taxes to the applicable federal statutory income tax rate for fiscal 2022, 2021 and 2020 are listed below.


	2022		2021		2020
Statutory federal income tax	21.0	%	21.0	%	21.0	%
State income taxes, net of federal deduction	5.6	%	5.9	%	5.7	%
ESOP dividend deduction on allocated shares	(0.2)	%	(0.2)	%	(0.3)	%


Other — net	(0.1)	%	(0.1)	%	0.8	%
Total	26.3	%	26.6	%	27.2	%

Schedule of deferred tax assets and liabilities

The tax effects of items comprising our net deferred tax liability as of April 3, 2022 and March 28, 2021 are as follows:


(In thousands)	2022		2021
Deferred tax assets:
Trade receivables	$	99	$	134
Stock compensation accruals	1,823		1,341
Pension withdrawal liability	1,250		1,344
Lease liability	2,916		3,191

Other	3,097		2,882
Total deferred tax assets	$	9,185	$	8,892
Deferred tax liabilities:
Inventories	$	(1,288)	$	(2,815)
Prepaid expenses	(937)		(864)
Excess of tax over book depreciation	(12,234)		(11,249)
Intangible assets	(14,806)		(15,269)
ROU asset	(2,864)		(3,140)
Unrealized gain on interest rate swap	(478)		—
Total deferred tax liabilities	$	(32,607)	$	(33,337)
Net deferred tax liabilities	$	(23,422)	$	(24,445)

Leases (Tables)

12 Months Ended

Apr. 03, 2022

Leases [Abstract]

Other information related to our operating leases

Other information related to our operating leases was as follows:


	April 3, 2022		March 28, 2021
Lease Term and Discount Rate
Weighted average remaining lease term (years)	8.91		9.73
Weighted average discount rate	2.6	%	2.7	%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities as of April 3, 2022 were as follows:


(In thousands)	Operating Leases
Fiscal 2023	$	1,889
Fiscal 2024	1,515
Fiscal 2025	1,450
Fiscal 2026	1,388
Fiscal 2027	1,359
Thereafter	5,171
Total	$	12,772
Less: Interest	(1,972)
Present value of lease liabilities	$	10,800

Segment Information (Tables)

12 Months Ended

Apr. 03, 2022

Segment Reporting [Abstract]

Summary of Segment Information


Reportable Segments	Industrial		Water Treatment		Health and Nutrition		Total
(In thousands)
Fiscal Year Ended April 3, 2022:
Sales	$	386,938	$	228,133	$	159,470	$	774,541
Gross profit	59,606		54,571		32,343		146,520
Selling, general, and administrative expenses	28,127		31,357		15,842		75,326
Operating income	31,479		23,214		16,501		71,194
Identifiable assets*	$	236,934	$	143,889	$	167,034	$	547,857
Capital expenditures	$	18,812	$	8,939	$	761	$	28,512
Fiscal Year Ended March 28, 2021:
Sales	$	273,361	$	170,004	$	153,506	$	596,871
Gross profit	43,337		46,793		33,632		123,762
Selling, general, and administrative expenses	27,033		24,453		16,398		67,884
Operating income	16,304		22,340		17,234		55,878
Identifiable assets*	$	181,478	$	109,761	$	166,558	$	457,797
Capital expenditures	$	13,713	$	6,732	$	349	$	20,794
Fiscal Year Ended March 29, 2020:
Sales	$	275,224	$	159,895	$	105,079	$	540,198
Gross profit	38,936		41,902		20,079		100,917
Selling, general, and administrative expenses	24,123		19,801		15,322		59,246
Operating income	14,813		22,101		4,757		41,671
Identifiable assets*	$	173,068	$	63,506	$	139,780	$	376,354
Capital expenditures	$	14,933	$	9,160	$	456	$	24,549

Nature of Business and Significant Accounting Policies -Textual (Details)	12 Months Ended
	Apr. 03, 2022 Segment
Accounting Policies [Abstract]
Number of reportable segments (segment)	3
Percentage of LIFO Inventory	73.00%
Percentage of FIFO inventory	27.00%

Nature of Business and Significant Accounting Policies -PP&E (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Property, Plant and Equipment [Line Items]
Depreciation	$ 17,700	$ 16,800	$ 16,500
Asset Impairment Charges		$ 200	$ 600
Average [Member]
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life	12 years
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	10 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	40 years
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	20 years
Transportation Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Transportation Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	10 years
Office Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Office Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	10 years

Nature of Business and Significant Accounting Policies -EPS (Details) - shares	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Accounting Policies [Abstract]
Weighted Average Number of Shares Outstanding, Basic	20,947,234	21,024,344	21,159,978
Dilutive impact of stock options, performance units, and restricted stock (shares)	188,024	235,952	148,822
Weighted average common shares outstanding — diluted (shares)	21,135,258	21,260,296	21,308,800
Weighted Average Number Diluted Shares Outstanding Adjustment	0	0	0

Business Combinations and Asset Acquisitions (Details) - USD ($) $ in Thousands				3 Months Ended	12 Months Ended
	Dec. 30, 2021	Oct. 29, 2021	Sep. 20, 2021	Apr. 03, 2022	Mar. 28, 2021
NAPCO Chemical Company, Inc. [Member]
Asset Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 18,500			$ 19,000
Other Payments to Acquire Businesses				$ 500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	9,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	3,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other	1,500
Goodwill, Acquired During Period	$ 4,500
Water and Waste Specialties, Inc.
Asset Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 1,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		400
Goodwill, Acquired During Period		$ 500
Southeast Water Systems LLC
Asset Acquisition [Line Items]
Payments to Acquire Businesses, Gross			$ 1,200
Business Combination, Consideration Transferred, Liabilities Incurred			1,000
Business Combination, Consideration Transferred			2,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment			100
Goodwill, Acquired During Period			$ 1,700
C&L Aqua Professionals, Inc. and LC Blending, Inc.
Asset Acquisition [Line Items]
Payments to Acquire Businesses, Gross					$ 16,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					8,200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment					3,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other					1,100
Goodwill, Acquired During Period					3,100
Property
Asset Acquisition [Line Items]
Payments to Acquire Businesses, Gross					10,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Buildings					4,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Land					3,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equipment					1,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Site Improvements					300
American Development Corporation of Tennessee, Inc.
Asset Acquisition [Line Items]
Payments to Acquire Businesses, Gross					25,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles					13,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment					1,600
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other					900
Goodwill, Acquired During Period					$ 9,200

Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
Revenue (Details) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Disaggregation of Revenue [Line Items]
Sales	$ 774,541	$ 596,871	$ 540,198
Industrial [Member]
Disaggregation of Revenue [Line Items]
Sales	386,938	273,361	275,224
Water Treatment [Member]
Disaggregation of Revenue [Line Items]
Sales	228,133	170,004	159,895
Health and Nutrition [Member]
Disaggregation of Revenue [Line Items]
Sales	159,470	153,506	105,079
Manufactured, blended or repackaged products [Member]
Disaggregation of Revenue [Line Items]
Sales	558,554	422,391	376,848
Manufactured, blended or repackaged products [Member] \| Industrial [Member]
Disaggregation of Revenue [Line Items]
Sales	318,514	231,427	222,161
Manufactured, blended or repackaged products [Member] \| Water Treatment [Member]
Disaggregation of Revenue [Line Items]
Sales	205,350	152,694	139,917
Manufactured, blended or repackaged products [Member] \| Health and Nutrition [Member]
Disaggregation of Revenue [Line Items]
Sales	34,690	38,270	14,770
Distributed specialty products
Disaggregation of Revenue [Line Items]
Sales	124,312	115,317	90,065
Distributed specialty products \| Industrial [Member]
Disaggregation of Revenue [Line Items]
Sales	0	0	0
Distributed specialty products \| Water Treatment [Member]
Disaggregation of Revenue [Line Items]
Sales	0	0	0
Distributed specialty products \| Health and Nutrition [Member]
Disaggregation of Revenue [Line Items]
Sales	124,312	115,317	90,065
Bulk products [Member]
Disaggregation of Revenue [Line Items]
Sales	81,654	54,445	68,345
Bulk products [Member] \| Industrial [Member]
Disaggregation of Revenue [Line Items]
Sales	61,443	38,378	49,864
Bulk products [Member] \| Water Treatment [Member]
Disaggregation of Revenue [Line Items]
Sales	20,211	16,067	18,481
Bulk products [Member] \| Health and Nutrition [Member]
Disaggregation of Revenue [Line Items]
Sales	0	0	0
Other [Member]
Disaggregation of Revenue [Line Items]
Sales	10,021	4,718	4,940
Other [Member] \| Industrial [Member]
Disaggregation of Revenue [Line Items]
Sales	6,981	3,556	3,199
Other [Member] \| Water Treatment [Member]
Disaggregation of Revenue [Line Items]
Sales	2,572	1,243	1,497
Other [Member] \| Health and Nutrition [Member]
Disaggregation of Revenue [Line Items]
Sales	$ 468	$ (81)	$ 244

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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+ Details

Derivative Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
Derivative Instruments (Details) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020	Dec. 27, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Notional Amount	$ 60,000			$ 20,000
Other comprehensive income, net of tax	1,300	$ 100	$ (400)
Cash Flow Hedge Derivative Instrument Assets at Fair Value	$ 1,800
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		$ 100

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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-Paragraph 1A
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+ Details

Fair Value Measurements (Details) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan asset	$ 6,783	$ 5,726
Interest rate swap	1,800
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan asset	7,038	5,946
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap	$ 1,769	$ 0

Assets Held for Sale (Details) - USD ($) $ in Millions	Apr. 03, 2022	Mar. 28, 2021
Assets Held For Sale [Abstract]
Assets Held-for-sale, Long Lived, Fair Value Disclosure	$ 0.0
Assets Held-for-sale, Long Lived, Fair Value Disclosure	$ 0.0
Industrial [Member]
Assets Held For Sale [Abstract]
Assets Held-for-sale, Long Lived, Fair Value Disclosure		$ 0.7
Assets Held-for-sale, Long Lived, Fair Value Disclosure		0.7
Water Treatment [Member]
Assets Held For Sale [Abstract]
Assets Held-for-sale, Long Lived, Fair Value Disclosure		0.2
Assets Held-for-sale, Long Lived, Fair Value Disclosure		$ 0.2

Inventories (Details) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021
Summary of Inventories
Inventory (FIFO basis)	$ 116,325	$ 69,438
LIFO reserve	(21,340)	(5,574)
Net inventory	$ 94,985	$ 63,864

Inventories-Textual (Details) - USD ($) $ in Millions	Apr. 03, 2022	Mar. 28, 2021
Inventories (Textual) [Abstract]
Finished goods (LIFO basis)	$ 83.7	$ 46.8

Goodwill and Intangible Assets-Goodwill Rollforward (Details) $ in Thousands	12 Months Ended
	Apr. 03, 2022 USD ($) Segment	Mar. 28, 2021 USD ($)	Mar. 29, 2020 USD ($)
Goodwill [Line Items]
Number of Reportable Segments \| Segment	3
Goodwill	$ 77,401	$ 70,720	$ 58,440
Goodwill, Period Increase (Decrease)	6,681	12,280
Industrial [Member]
Goodwill [Line Items]
Goodwill	6,495	6,495	6,495
Goodwill, Period Increase (Decrease)	0	0
Water Treatment [Member]
Goodwill [Line Items]
Goodwill	25,961	19,280	7,000
Goodwill, Period Increase (Decrease)	6,681	12,280
Health and Nutrition [Member]
Goodwill [Line Items]
Goodwill	44,945	44,945	$ 44,945
Goodwill, Period Increase (Decrease)	$ 0	$ 0

Goodwill and Intangible Assets-Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 119,918	$ 109,631
Accumulated Amortization	(40,952)	(34,490)
Net carrying value	78,966	75,141
Indefinite-life intangible assets	1,227	1,227
Intangible Assets, Gross (Excluding Goodwill)	121,145	110,858
Finite-Lived Intangible Assets, Accumulated Amortization	40,952	34,490
Total intangible assets, net	80,193	76,368
Amortization of Intangible Assets	6,500	5,800	$ 5,100
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	109,644	99,588
Accumulated Amortization	(32,399)	(26,522)
Net carrying value	77,245	73,066
Finite-Lived Intangible Assets, Accumulated Amortization	32,399	26,522
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	6,370	6,210
Accumulated Amortization	(4,746)	(4,275)
Net carrying value	1,624	1,935
Finite-Lived Intangible Assets, Accumulated Amortization	4,746	4,275
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Gross Amount	3,904	3,833
Accumulated Amortization	(3,807)	(3,693)
Net carrying value	97	140
Finite-Lived Intangible Assets, Accumulated Amortization	$ 3,807	$ 3,693

Goodwill and Intangible Assets-Future Amortization (Details) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021
Estimated amortization expense [Abstract]
Fiscal 2023	$ 6,923
Fiscal 2024	6,707
Fiscal 2025	6,707
Fiscal 2026	6,606
Fiscal 2027	6,305
Thereafter	45,718
Total	$ 78,966	$ 75,141

Debt (Details Textual) - USD ($) $ in Thousands	12 Months Ended
Debt (Details Textual) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020	Mar. 31, 2022
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 250,000
Revolving Loan Facility Letter of Credit	15,000
Revolving Loan Facility Swingline Subfacility	25,000
Payment for Debt Extinguishment or Debt Prepayment Cost	$ 126,000
Line of Credit Facility, Interest Rate at Period End	1.20%
Payments of Debt Issuance Costs	$ 287	$ 0	$ 0
Unamortized Debt Issuance Expense	$ 443	$ 248		$ 100
Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.15%
Fixed charge coverage ratio	100.00%
Cash flow leverage ratio	100.00%
Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Fixed charge coverage ratio	115.00%
Cash flow leverage ratio	300.00%

Debt (Details) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 31, 2022	Mar. 28, 2021
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense	$ (443)	$ (100)	$ (248)
Total debt, net of debt issuance costs	125,557		98,752
Less Current Portion of Long-term Debt	(9,913)		(9,907)
Long-term Debt, Excluding Current Maturities	115,644		88,845
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total long-term Debt	$ 126,000		$ 99,000

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Share Based Compensation-Restricted and Performance Shares Rollforward (Details) - $ / shares	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Performance-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning Balance, Shares	239,120	149,030	65,766
Granted, Shares	111,618	129,626	138,504
Vested, Shares	(123,002)	(10,526)	(55,240)
Forfeited or expired, Shares	(13,258)	(29,010)	0
Ending Balance, Shares	214,478	239,120	149,030
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Beginning Balance, Weighted average grant date fair value (usd per share)	$ 17.94	$ 17.13	$ 21.83
Granted, Weighted average grant date fair value (usd per share)	31.74	18.69	17.25
Vested, Weighted average grant date fair value (usd per share)	17.25	15.68	23.01
Forfeited or expired, Weighted average grant date fair value (usd per share)	18.69	17.92	0
Ending Balance, Weighted average grant date fair value (usd per share)	$ 25.48	$ 17.94	$ 17.13
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning Balance, Shares	11,228	16,016	16,704
Granted, Shares	10,287	13,186	16,016
Vested, Shares	(11,228)	(16,016)	(16,704)
Forfeited or expired, Shares	0	(1,958)	0
Ending Balance, Shares	10,287	11,228	16,016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Beginning Balance, Weighted average grant date fair value (usd per share)	$ 25.60	$ 21.84	$ 17.95
Granted, Weighted average grant date fair value (usd per share)	32.80	25.59	21.84
Vested, Weighted average grant date fair value (usd per share)	25.60	21.84	17.95
Forfeited or expired, Weighted average grant date fair value (usd per share)	0	25.53	0
Ending Balance, Weighted average grant date fair value (usd per share)	$ 32.80	$ 25.60	$ 21.84

Share Based Compensation-Textual (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Performance-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of restricted stock to be issued minimum	0
Range of restricted stock to be issued maximum	88,524
Weighted average grant date fair value (usd per share)	$ 31.74	$ 18.69	$ 17.25
Compensation expense	$ 2.9	$ 2.5	$ 1.5
Equity instruments other than options, vested in period, total fair value	2.1	$ 0.2	$ 1.3
Cost not yet recognized	$ 3.9
Performance-Based Restricted Stock [Member] \| Weighted Average [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost not yet recognized, period for recognition	1 year 2 months 12 days
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (usd per share)	$ 32.80	$ 25.59	$ 21.84
Compensation expense	$ 0.3	$ 0.3	$ 0.3
Cost not yet recognized	$ 0.1
Restricted Stock Awards [Member] \| Weighted Average [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cost not yet recognized, period for recognition	3 months 18 days

Share Repurchase Program (Details) - USD ($) $ in Millions	12 Months Ended
Share Repurchase Program (Details) - USD ($) $ in Millions	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	1,600,000
Stock Repurchased During Period, Value	$ 8.5	$ 4.1	$ 5.9
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	311,005
Common Stock [Member]
Stock Repurchased During Period, Shares	240,501	166,088	291,166

Profit Sharing, Employee Stock Ownership, Employee Stock Purchase and Pension Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Defined Contribution Plan Disclosure [Line Items]
Profit sharing	$ 1,056	$ 994	$ 631
401(k) matching contributions	3,122	2,650	2,399
ESOP	1,056	994	631
Nonqualified deferred compensation plan	1,355	1,327	1,262
ESPP - all employees	549	556	431
Total contribution expense	7,727	7,076	5,835
Bargaining Unit Employee Plans [Member]
Defined Contribution Plan Disclosure [Line Items]
Bargaining unit employee plans	$ 589	$ 555	$ 481

Profit Sharing, Employee Stock Ownership, Employee Stock Purchase and Pension Plans -Textual (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Defined Contribution Plan Disclosure [Line Items]
Multi Employer Pension Plan Withdrawal Liability Payment Over Period of Years	$ 500
Common Stock [Member]
Defined Contribution Plan Disclosure [Line Items]
ESPP shares issued (shares)	71,692	88,148	77,100
Deferred Profit Sharing [Member] \| Qualified Plan [Member] \| Minimum [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2.50%	2.50%
Deferred Profit Sharing [Member] \| Qualified Plan [Member] \| Maximum [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5.00%	5.00%
Deferred Profit Sharing [Member] \| Nonqualified Plan [Member] \| Maximum [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	10.00%	10.00%
401 (k) plan [Member] \| Qualified Plan [Member] \| Maximum [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5.00%
Employee Stock Ownership Plan (ESOP), Plan [Domain] \| Qualified Plan [Member] \| Minimum [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2.50%	2.50%
Employee Stock Ownership Plan (ESOP), Plan [Domain] \| Qualified Plan [Member] \| Maximum [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5.00%	5.00%
Bargaining Unit Employee Plans [Member] \| Deferred Profit Sharing [Member] \| Qualified Plan [Member] \| Minimum [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2.50%
Bargaining Unit Employee Plans [Member] \| Deferred Profit Sharing [Member] \| Qualified Plan [Member] \| Maximum [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5.00%

Commitment and Contingencies-Textual (Details)	12 Months Ended
Commitment and Contingencies-Textual (Details)	Apr. 03, 2022 lease
Commitments and Contingencies Disclosure [Abstract]
Number of Leases	3

Income Taxes-Provision of Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Income Tax Examination [Line Items]
Federal — current	$ 14,736	$ 11,169	$ 8,447
State — current	5,202	4,391	3,563
Total current	19,938	15,560	12,010
Federal — deferred	(1,054)	(302)	(976)
State — deferred	(447)	(387)	(445)
Total deferred	(1,501)	(689)	(1,421)
Total provision	$ 18,437	$ 14,871	$ 10,589

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes-Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Income Tax Disclosure [Abstract]
Statutory federal income tax (percent)	21.00%	21.00%	21.00%
State income taxes, net of federal deduction (percent)	5.60%	5.90%	5.70%
ESOP dividend deduction on allocated shares (percent)	(0.20%)	(0.20%)	(0.30%)
Other — net (percent)	(0.10%)	(0.10%)	0.80%
Total (percent)	26.30%	26.60%	27.20%

Income Taxes Income Taxes-Deferred Tax Assets (Details) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021
Deferred tax assets:
Trade receivables	$ 99	$ 134
Stock compensation accruals	1,823	1,341
Pension withdrawal liability	1,250	1,344
Lease liability	2,916	3,191
Other	3,097	2,882
Total deferred tax assets	9,185	8,892
Deferred tax liabilities:
Inventories	(1,288)	(2,815)
Prepaid expenses	(937)	(864)
Excess of tax over book depreciation	(12,234)	(11,249)
Intangible assets	(14,806)	(15,269)
ROU asset	2,864	3,140
Unrealized gain on interest rate swap	(478)	0
Total deferred tax liabilities	(32,607)	(33,337)
Net deferred tax liabilities	$ (23,422)	$ (24,445)

Leases (Details Textual) - USD ($) $ in Thousands	12 Months Ended
Leases (Details Textual) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021
Lessee, Operating Lease, Option to Extend	15 years
Operating Lease, Expense	$ 2,900	$ 2,800
Minimum [Member]
Lessee, Operating Lease, Renewal Term	1 year
Maximum [Member]
Lessee, Operating Lease, Renewal Term	23 years

Leases (Details) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021
Leases [Abstract]
Weighted average remaining lease term (years)	8 years 10 months 28 days	9 years 8 months 23 days
Weighted average discount rate	2.60%	2.70%
Fiscal 2023	$ 1,889
Fiscal 2024	1,515
Fiscal 2025	1,450
Fiscal 2026	1,388
Fiscal 2027	1,359
Thereafter	5,171
Total	12,772
Less: Interest	1,972
Present value of lease liabilities	$ 10,800

Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020
Summary of Segment Information
Sales	$ 774,541	$ 596,871	$ 540,198
Gross profit	146,520	123,762	100,917
Selling, general, and administrative expenses	75,326	67,884	59,246
Operating income	71,194	55,878	41,671
Assets	567,328	472,550
Capital expenditures	28,512	20,794	24,549
Industrial [Member]
Summary of Segment Information
Sales	386,938	273,361	275,224
Gross profit	59,606	43,337	38,936
Selling, general, and administrative expenses	28,127	27,033	24,123
Operating income	31,479	16,304	14,813
Assets	236,934	181,478	173,068
Capital expenditures	18,812	13,713	14,933
Water Treatment [Member]
Summary of Segment Information
Sales	228,133	170,004	159,895
Gross profit	54,571	46,793	41,902
Selling, general, and administrative expenses	31,357	24,453	19,801
Operating income	23,214	22,340	22,101
Assets	143,889	109,761	63,506
Capital expenditures	8,939	6,732	9,160
Health and Nutrition [Member]
Summary of Segment Information
Sales	159,470	153,506	105,079
Gross profit	32,343	33,632	20,079
Selling, general, and administrative expenses	15,842	16,398	15,322
Operating income	16,501	17,234	4,757
Assets	167,034	166,558	139,780
Capital expenditures	761	349	456
Identifiable
Summary of Segment Information
Assets	547,857	457,797	376,354
Unallocated
Summary of Segment Information
Assets	$ 19,500	$ 14,800	$ 13,000

Segment Information-Textual (Details) $ in Millions	12 Months Ended
Segment Information-Textual (Details) $ in Millions	Apr. 03, 2022 USD ($) Segment
Segment Reporting Information [Line Items]
Number of reportable segments (segment)	3
Intersegment Sales \| $	$ 0
Number of Operating Segments Aggregated	0

Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 03, 2022	Mar. 28, 2021	Mar. 29, 2020	Mar. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Allowance for doubtful accounts receivable	$ 367	$ 497	$ 784	$ 620
Valuation Allowances and Reserves, Additions for Adjustments	0	0	448
SEC Schedule, 12-09, Valuation Allowances and Reserves, Additions, Charge to Other Account	0	0	0
Valuation Allowances and Reserves, Deductions	$ (130)	$ (287)	$ (284)