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Income Tax (Tables) | 12 Months Ended
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Apr. 30, 2016
Income Taxes |
Schedule of income before income taxes for continuing operations | Income from continuing operations before income taxes consists of the following (for the fiscal years ended):
(Amounts in thousands) |  | 4/30/2016 |  | 4/25/2015 |  | 4/26/2014 |
United States |  | $ | 115,750 |  | $ | 96,605 |  | $ | 82,705 |
Foreign |  |  | 9,293 |  |  | 9,023 |  |  | 8,854 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | $ | 125,043 |  | $ | 105,628 |  | $ | 91,559 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Components of income tax expense (benefit) | Income tax expense (benefit) applicable to continuing operations consists of the following components (for the fiscal years ended):
(Amounts in thousands) |  | 4/30/2016 |  | 4/25/2015 |  | 4/26/2014 |
Federal: |  |  |  |  |  |  |  |  |  |
—current |  | $ | 32,403 |  | $ | 28,887 |  | $ | 24,695 |
—deferred |  |  | 3,559 |  |  | 406 |  |  | 1,495 |
State: |  |  |  |  |  |  |  |  |  |
—current |  |  | 4,750 |  |  | 4,573 |  |  | 5,345 |
—deferred |  |  | 859 |  |  | 637 |  |  | (2,082 | )
Foreign: |  |  |  |  |  |  |  |  |  |
—current |  |  | 2,345 |  |  | 2,281 |  |  | 1,375 |
—deferred |  |  | 164 |  |  | 170 |  |  | 555 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total income tax expense |  | $ | 44,080 |  | $ | 36,954 |  | $ | 31,383 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of effective tax rate |
|  | Year Ended |
(% of income from continuing operations before income taxes) |
| 4/30/2016 |  | 4/25/2015 |  | 4/26/2014 |
Statutory tax rate |  |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Increase (reduction) in income taxes resulting from: |  |  |  |  |  |  |  |  |  |
State income taxes, net of federal benefit |  |  | 3.4 |  |  | 3.5 |  |  | 3.1 |
U.S. manufacturing benefit |  |  | (2.5 | ) |  | (2.1 | ) |  | (1.0 | )
Change in valuation allowance |  |  | (0.3 | ) |  | (0.4 | ) |  | (1.2 | )
Miscellaneous items |  |  | (0.3 | ) |  | (1.0 | ) |  | (1.6 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Effective tax rate |  |  | 35.3 | % |  | 35.0 | % |  | 34.3 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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Components of deferred tax assets and (liabilities) |
|  | As of |
(Amounts in thousands) |  | 4/30/2016 |  | 4/25/2015 |
Assets |  |  |  |  |  |  |
Deferred and other compensation |  | $ | 25,032 |  | $ | 22,085 |
Allowance for doubtful accounts |  |  | 1,560 |  |  | 2,255 |
State income tax—net operating losses, credits and other |  |  | 5,571 |  |  | 6,032 |
Pension |  |  | 1,542 |  |  | 2,828 |
Warranty |  |  | 7,817 |  |  | 6,466 |
Rent |  |  | 4,184 |  |  | 5,174 |
Workers' compensation |  |  | 3,870 |  |  | 4,173 |
Employee benefits |  |  | 3,212 |  |  | 3,096 |
Other |  |  | — |  |  | 1,262 |
Valuation allowance |  |  | (3,625 | ) |  | (4,322 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred tax assets |  |  | 49,163 |  |  | 49,049 |
Liabilities |  |  |  |  |  |  |
Property, plant and equipment |  |  | (7,089 | ) |  | (2,722 | )
Other |  |  | (391 | ) |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets |  | $ | 41,683 |  | $ | 46,327 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of deferred tax assets associated with loss carryforwards |
(Amounts in thousands) |  | Amount |  | Expiration |
Various U.S. state net operating losses (excluding federal tax effect) |  | $ | 8,909 |  |  | Fiscal 2017 - 2035 |
Foreign net operating losses |  |  | 100 |  |  | Indefinite |
Foreign capital losses |  |  | 19 |  |  | Indefinite |
Summary of valuation allowance by jurisdiction |
Jurisdiction (Amounts in thousands) |  | 4/25/2015 Valuation Allowance |  | Change |  | 4/30/2016 Valuation Allowance |
U.S. state |  | $ | 4,303 |  | $ | (697 | ) | $ | 3,606 |
Foreign |  |  | 19 |  |  | — |  |  | 19 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | $ | 4,322 |  | $ | (697 | ) | $ | 3,625 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of the beginning and ending balance of unrecognized tax benefits |
(Amounts in thousands) |  | 4/30/2016 |  | 4/25/2015 |  | 4/26/2014 |
Balance at the beginning of the period |  | $ | 2,226 |  | $ | 2,972 |  | $ | 3,248 |
Additions: |  |  |  |  |  |  |  |  |  |
Positions taken during the current year |  |  | 87 |  |  | 94 |  |  | 88 |
Reductions: |  |  |  |  |  |  |  |  |  |
Positions taken during the prior year |  |  | (321 | ) |  | (702 | ) |  | (99 | )
Decreases related to settlements with taxing authorities |  |  | — |  |  | (25 | ) |  | (98 | )
Reductions resulting from the lapse of the statute of limitations |  |  | (171 | ) |  | (113 | ) |  | (167 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at the end of the period |  | $ | 1,821 |  | $ | 2,226 |  | $ | 2,972 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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