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Income Tax (Tables) | 12 Months Ended
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Apr. 28, 2018
Income Taxes |
Schedule of income before income taxes for continuing operations |
(Amounts in thousands) |  | (52 weeks) 4/28/2018 |  | (52 weeks) 4/29/2017 |  | (53 weeks) 4/30/2016 |
United States |  | $ | 111,516 |  | $ | 122,196 |  | $ | 115,750 |
Foreign |  | 17,374 |  | 8,544 |  | 9,293 |
Total |  | $ | 128,890 |  | $ | 130,740 |  | $ | 125,043 |
Components of income tax expense (benefit) |
(Amounts in thousands) |  | (52 weeks) 4/28/2018 |  | (52 weeks) 4/29/2017 |  | (53 weeks) 4/30/2016 |
Federal: |  |  |  |  |  |  |
– current |  | $ | 21,206 |  | $ | 35,606 |  | $ | 32,403 |
– deferred |  | 16,401 |  | 2,349 |  | 3,559 |
State: |  |  |  |  |  |  |
– current |  | 4,886 |  | 5,194 |  | 4,750 |
– deferred |  | 1,075 |  | (1,703 | ) | 859 |
Foreign: |  |  |  |  |  |  |
– current |  | 3,820 |  | 2,388 |  | 2,345 |
– deferred |  | (93 | ) | (78 | ) | 164 |
Total income tax expense |  | $ | 47,295 |  | $ | 43,756 |  | $ | 44,080 |
Reconciliation of effective tax rate |
|  | Fiscal Year Ended |
(% of income before income taxes) |  | 4/28/2018 |  | 4/29/2017 |  | 4/30/2016 |
Statutory tax rate |  | 30.4 | % | 35.0 | % | 35.0 | %
Increase (reduction) in income taxes resulting from: |  |  |  |  |  |  |
Re-measurement of deferred taxes for changes in statutory U.S. tax rate |  | 7.8 |  | — |  | — |
State income taxes, net of federal benefit |  | 3.3 |  | 2.7 |  | 3.4 |
U.S. manufacturing benefit |  | (1.5 | ) | (2.4 | ) | (2.5 | )
Change in valuation allowance |  | (0.3 | ) | (1.0 | ) | (0.3 | )
U.S. research tax credits |  | (1.9 | ) | — |  | — |
Miscellaneous items |  | (1.1 | ) | (0.8 | ) | (0.3 | )
Effective tax rate |  | 36.7 | % | 33.5 | % | 35.3 | %
Components of deferred tax assets and (liabilities) |
(Amounts in thousands) |  | 4/28/2018 |  | 4/29/2017 |
Assets |  |  |  |  |
Deferred and other compensation |  | $ | 18,326 |  | $ | 26,689 |
State income tax — net operating losses, credits and other |  | 5,050 |  | 4,927 |
Warranty |  | 5,348 |  | 8,261 |
Rent |  | 2,971 |  | 4,768 |
Workers’ compensation |  | 2,714 |  | 3,707 |
Employee benefits |  | 2,343 |  | 3,752 |
Pension |  | — |  | 1,299 |
Other |  | — |  | 3,364 |
Valuation allowance |  | (1,224 | ) | (1,786 | )
Total deferred tax assets |  | 35,528 |  | 54,981 |
Liabilities |  |  |  |  |
Property, plant and equipment |  | (7,684 | ) | (8,453 | )
Inventory |  | (1,531 | ) | (3,052 | )
Goodwill and other intangibles |  | (3,575 | ) | (3,345 | )
Pension |  | (1,230 | ) | — |
Other |  | (243 | ) | — |
Net deferred tax assets |  | $ | 21,265 |  | $ | 40,131 |
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) |  | $ | 4,804 |  | Fiscal 2019 – 2036 |
Foreign capital losses |  | 17 |  | Indefinite |
Summary of valuation allowance by jurisdiction |
Jurisdiction (Amounts in thousands) |  | 4/29/2017 Valuation Allowance |  | Change |  | 4/28/2018 Valuation Allowance |
U.S. state |  | $ | 1,769 |  | $ | (562 | ) | $ | 1,207 |
Foreign |  | 17 |  | — |  | 17 |
Total |  | $ | 1,786 |  | $ | (562 | ) | $ | 1,224 |
Reconciliation of the beginning and ending balance of unrecognized tax benefits |
(Amounts in thousands) |  | (52 weeks) 4/28/2018 |  | (52 weeks) 4/29/2017 |  | (53 weeks) 4/30/2016 |
Balance at the beginning of the period |  | $ | 620 |  | $ | 1,821 |  | $ | 2,226 |
Additions: |  |  |  |  |  |  |
Positions taken during the current year |  | 464 |  | 148 |  | 87 |
Positions taken during the prior year |  | 25 |  | — |  | — |
Reductions: |  |  |  |  |  |  |
Positions taken during the prior year |  | — |  | (4 | ) | (321 | )
Decreases related to settlements with taxing authorities |  | — |  | (27 | ) | — |
Reductions resulting from the lapse of the statute of limitations |  | (95 | ) | (1,318 | ) | (171 | )
Balance at the end of the period |  | $ | 1,014 |  | $ | 620 |  | $ | 1,821 |

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