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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Shares
Capital in Excess of Par Value
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interests
Beginning balance at Apr. 27, 2019 $ 696,976   $ 46,955 $ 313,168 $ 325,847   $ (3,462) $ 14,468
Beginning balance (ASU 2016-02) at Apr. 27, 2019 [1]   $ 574       $ 574    
Increase (Decrease) in Stockholders' Equity                
Net income 78,984       77,469     1,515
Other comprehensive income (loss) (3,209)           (2,943) (266)
Stock issued for stock and employee benefit plans, net of cancellations and withholding tax 3,029   311 4,453 (1,735)      
Purchases of common stock (43,369)   (1,409) (8,097) (33,863)      
Stock option and restricted stock expense 8,371     8,371        
Dividends Declared and Paid 25,091       25,091      
Dividends 115       115      
Reclassification of certain income tax effects (547)              
Reclassification of certain income tax effects | ASU 2018-02 [2]         547   (547)  
Change in noncontrolling interests 156     320       (164)
Ending balance at Apr. 25, 2020 716,306   45,857 318,215 343,633   (6,952) 15,553
Increase (Decrease) in Stockholders' Equity                
Net income 107,529       106,461     1,068
Other comprehensive income (loss) 5,965           5,431 534
Stock issued for stock and employee benefit plans, net of cancellations and withholding tax 9,030   583 10,188 (1,741)      
Purchases of common stock (44,202)   (1,079) (10,426) (32,697)      
Stock option and restricted stock expense 12,671     12,671        
Dividends Declared and Paid [3] 25,049       16,542     8,507
Dividends declared not paid (104)       (104)      
Change in noncontrolling interests               0
Ending balance at Apr. 24, 2021 782,146   45,361 330,648 399,010   (1,521) 8,648
Increase (Decrease) in Stockholders' Equity                
Net income 152,328       150,017     2,311
Other comprehensive income (loss) (5,078)           (4,276) (802)
Stock issued for stock and employee benefit plans, net of cancellations and withholding tax (1,818)   208 834 (2,860)      
Purchases of common stock (90,645)   (2,480) (1,088) (87,077)      
Stock option and restricted stock expense 11,858     11,858        
Dividends Declared and Paid [3] 28,977       27,717     1,260
Dividends 192       192      
Change in noncontrolling interests               0
Ending balance at Apr. 30, 2022 $ 819,622   $ 43,089 $ 342,252 $ 431,181   $ (5,797) $ 8,897
[1] Cumulative effect adjustment of deferred gains on prior sale/leaseback transactions as a result of adopting ASU 2016-02, Leases (Topic 842).
[2] Income tax effects of the Tax Cuts and Jobs Act are reclassified from Accumulated Other Comprehensive Income ("AOCI") to retained earnings due to the adoption of ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220).
[3] Non-controlling interests include dividends paid to joint venture minority partners resulting from the repatriation of dividends from our foreign earnings that we no longer consider permanently reinvested.