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Employee Benefits (Tables) | 12 Months Ended
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Apr. 27, 2024
Retirement Benefits [Abstract] |
Schedule of Total Costs Associated with Plans | The table below summarizes the total costs associated with our employee retirement and welfare plans.
|  | Fiscal Year Ended
|  | (52 weeks) |  | (52 weeks) |  | (53 weeks)
(Amounts in thousands) |  | 4/27/2024 |  | 4/29/2023 |  | 4/30/2022
401(k) Retirement Plan |  | $ | 14,698 |  |  | $ | 12,877 |  |  | $ | 11,763 |
Performance Compensation Retirement Plan (1) |  | (133) |  |  | 160 |  |  | 1,654 |
Deferred Compensation Plan (2) |  | (86) |  |  | 202 |  |  | 242 |
Non-Qualified Defined Benefit Retirement Plan (3) |  | 737 |  |  | 748 |  |  | 763 |
(1)Performance Compensation Retirement Plan includes forfeitures. (2)Includes (gain)/loss on investments held to fund compensation/retirement plans and administrative fees. (3)Primarily related to interest cost.
Schedule of Further Information Related to Plans | While the Company no longer makes contributions, the outstanding liability balance related to the plan is as follows:
(Amounts in thousands) |  | 4/27/2024 |  | 4/29/2023
Short-term obligation included in other current liabilities |  | $ | 2,341 |  |  | $ | 2,103 |
Long-term obligation included in other long-term liabilities |  | 9,021 |  |  | 11,895 |
Further information related to the plan is as follows:
(Amounts in thousands) |  | 4/27/2024 |  | 4/29/2023
Plan obligation included in other long-term liabilities |  | $ | 21,157 |  |  | $ | 21,689 |
Cash surrender value on life insurance contracts included in other long-term assets (1) |  | 43,398 |  |  | 40,723 |
(1)Life insurance contracts are related to the Executive Deferred Compensation Plan and the PCRP. Further information related to the plan is as follows:
(Amounts in thousands) |  | 4/27/2024 |  | 4/29/2023
Short-term plan obligation included in other current liabilities |  | $ | 996 |  |  | $ | 1,053 |
Long-term plan obligation included in other long-term liabilities |  | 10,246 |  |  | 11,053 |
Discount rate used to determine obligation |  | 5.5% |  | 5.3%
|  | Fiscal Year Ended
|  | (52 weeks) |  | (52 weeks) |  | (53 weeks)
(Amounts in thousands) |  | 4/27/2024 |  | 4/29/2023 |  | 4/30/2022
Actuarial loss recognized in AOCI |  | $ | 124 |  |  | $ | 193 |  |  | $ | 306 |
Benefit payments (1) |  | 1,041 |  |  | 1,091 |  |  | 1,182 |
(1)Benefit payments are scheduled to be between $0.9 million and $1.0 million annually for the next 10 years.

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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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- Definition Tabular disclosure of the costs related to the various types of retirement plans including defined benefit pension plan cost, defined contribution plan cost, other postretirement benefit plan cost, and net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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