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Employee Benefits (Tables)

12 Months Ended

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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- References

No definition available.

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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

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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

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