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Basis of Presentation (Tables) | 9 Months Ended
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Jan. 27, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of New Accounting Pronouncements Adopted and Not Yet Adopted | The following table summarizes Accounting Standards Updates ("ASUs") which were adopted in fiscal 2024, but did not have a material impact on our accounting policies or our consolidated financial statements and related disclosures.
ASU |  | Description |  | Adoption Date
ASU 2021-08 |  | Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers |  | Fiscal 2024
Accounting Pronouncements not yet Adopted The following table summarizes additional accounting pronouncements which we have not yet adopted, but we believe will not have a material impact on our accounting policies or our consolidated financial statements and related disclosures.
ASU |  | Description |  | Adoption Date
ASU 2023-09 |  | Income Taxes - Improvements to Income Tax Disclosures |  | Fiscal 2026
ASU 2023-07 |  | Segment Reporting - Improvements to Reportable Segment Disclosures |  | Fiscal 2025
ASU 2023-05 |  | Business Combinations - Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement |  | Fiscal 2025
ASU 2023-02 |  | Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method |  | Fiscal 2025
Schedule of Error Corrections and Prior Period Adjustments | In accordance with US GAAP, the period presented below has been retrospectively adjusted to reflect the change to cost of sales and SG&A expense. This change had no impact to sales, income from operations, net income, earnings per share, retained earnings or other components of equity or net assets.
(Unaudited, amounts in thousands) |  | For the Quarter Ended January 28, 2023 |  | For the Nine Months Ended January 28, 2023
|  | Previously Reported |  | Effect of Change |  | As Adjusted |  | Previously Reported |  | Effect of Change |  | As Adjusted
Cost of sales |  | $ | 326,296 |  |  | $ | 10,846 |  |  | $ | 337,142 |  |  | $ | 1,039,523 |  |  | $ | 32,528 |  |  | $ | 1,072,051 |
Gross profit |  | 246,427 |  |  | (10,846) |  |  | 235,581 |  |  | 748,623 |  |  | (32,528) |  |  | 716,095 |
Selling, general and administrative expense |  | 203,587 |  |  | (10,846) |  |  | 192,741 |  |  | 591,257 |  |  | (32,528) |  |  | 558,729 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9 + Details
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