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Leases (Tables)
3 Months Ended
Jul. 27, 2019
Leases  
Schedule of supplemental balance sheet information

Supplemental balance sheet information (in thousands) related to leases as of July 27, 2019:

Operating leases

ROU assets

 

$

312,312

Lease liabilities, short-term

 

64,031

Lease liabilities, long-term

 

262,264

Finance leases

 

  

ROU assets

 

$

121

Lease liabilities, short-term

 

127

Lease liabilities, long-term

 

Schedule of ROU assets by segment

The ROU assets by segment are as follows (in thousands) as of July 27, 2019:

Upholstery

    

$

55,057

Casegoods

 

2,205

Retail

 

248,338

Corporate & Other

 

6,833

Total ROU assets

$

312,433

Schedule of components of lease cost

The components of lease cost are as follows (in thousands) for the quarter ended July 27, 2019:

Operating lease cost

    

$

19,018

Financing lease cost

 

49

Short-term lease cost

 

25

Variable lease cost

 

40

Less: Sublease income

 

(628)

Total lease cost

$

18,504

Schedule of supplemental lease disclosures

The following table presents supplemental lease disclosures for the quarter ended July 27, 2019:

(Dollars in thousands)

Operating

    

Financing

  

Cash paid for amounts included in the measurement of lease liabilities

$

19,303

$

49

Lease liabilities arising from new ROU assets

14,353

Weighted-average remaining lease term (years)

 

6.6

 

0.8

Weighted-average discount rate

 

3.9

%  

3.9

%

Schedule of undiscounted cash flows and minimum contractual obligations

The following table presents our undiscounted cash flows as of July 27, 2019 and our minimum contractual obligations on our leases as of April 27, 2019:

7/27/19

4/27/19

(Amounts in thousands)

    

Operating Leases

    

Financing Leases

    

Operating Leases

    

Financing Leases

Within one year

$

75,357

$

129

$

76,508

$

180

After one year and within two years

 

68,610

 

 

71,544

 

19

After two years and within three years

 

55,219

 

 

58,763

 

After three years and within four years

 

43,029

 

 

46,541

 

After four years and within five years

 

34,193

 

 

36,082

 

After five years

 

93,658

 

 

102,782

 

Total lease payments

 

370,066

 

129

$

392,220

$

199

Less: Interest

 

43,771

 

2

 

 

Total lease obligations

$

326,295

$

127