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Leases (Tables)

12 Months Ended

Apr. 24, 2021

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information pertaining to our leases is as follows:

(Amounts in thousands)						4/24/2021						4/25/2020
Operating leases
ROU assets						$	343,207					$	318,634
Lease liabilities, short-term						67,493						64,363
Lease liabilities, long-term						294,550						270,162
Financing leases
ROU assets						$	593					$	13
Lease liabilities, short-term						121						13
Lease liabilities, long-term						473						—

Schedule of ROU Assets by Segment

The ROU assets by segment are as follows:

(Amounts in thousands)						4/24/2021						4/25/2020
Wholesale						$	76,899					$	69,665
Retail						253,910						236,719
Corporate & Other						12,991						12,263
Total ROU assets						$	343,800					$	318,647

Schedule of Components of Lease Cost

The components of lease cost are as follows:

												Fiscal Year Ended (1)
												(52 weeks)						(52 weeks)
(Amounts in thousands)												4/24/2021						4/25/2020
Operating lease cost												$	79,072					$	76,223
Financing lease cost												53						166
Short-term lease cost												545						248
Variable lease cost (2)												(245)						(40)
Less: Sublease income												(1,546)						(2,504)
Total lease cost												$	77,879					$	74,093

(1)Rental expense for fiscal year ended 4/27/2019 was $77.2 million.

(2)Includes deferred payments on select leases in accordance with the FASB Staff Q&A.

Schedule of Supplemental Lease Disclosures

The following tables present supplemental lease disclosures:

						Fiscal Year Ended
						(52 weeks)												(52 weeks)
						4/24/2021												4/25/2020
(Amounts in thousands)						Operating Leases						Financing Leases						Operating Leases						Financing Leases
Cash paid for amounts included in the measurement of lease liabilities						$	79,707					$	53					$	77,176					$	165
Lease liabilities arising from new ROU assets						93,399						631						72,061						—

						4/24/2021												4/25/2020
(Amounts in thousands)						Operating Leases						Financing Leases						Operating Leases						Financing Leases
Weighted-average remaining lease term (years)						6.8						4.8						7.0						0.3
Weighted-average discount rate						3.3		%				1.7		%				3.9		%				3.9		%

Lessee, Operating Lease, Liability, Maturity

The following table presents our maturity of lease liabilities:

						4/24/2021
(Amounts in thousands)						Operating Leases (1)						Financing Leases
Within one year						$	78,079					$	130
After one year and within two years						68,593						130
After two years and within three years						59,561						130
After three years and within four years						48,304						130
After four years and within five years						38,122						98
After five years						110,735						—
Total lease payments						403,394						618
Less: Interest						41,351						24
Total lease obligations						$	362,043					$	594

(1)Excludes approximately $29.7 million in future lease payments for various operating leases commencing in a future period

Finance Lease, Liability, Fiscal Year Maturity

The following table presents our maturity of lease liabilities:

						4/24/2021
(Amounts in thousands)						Operating Leases (1)						Financing Leases
Within one year						$	78,079					$	130
After one year and within two years						68,593						130
After two years and within three years						59,561						130
After three years and within four years						48,304						130
After four years and within five years						38,122						98
After five years						110,735						—
Total lease payments						403,394						618
Less: Interest						41,351						24
Total lease obligations						$	362,043					$	594

(1)Excludes approximately $29.7 million in future lease payments for various operating leases commencing in a future period

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Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980

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