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Income Taxes (Tables) | 12 Months Ended
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Apr. 26, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income Before Income Taxes for Continuing Operations | Income before income taxes consists of the following:
|  | Fiscal Year Ended
|  | (52 weeks) |  | (52 weeks) |  | (52 weeks)
(Amounts in thousands) |  | 4/26/2025 |  | 4/27/2024 |  | 4/29/2023
United States |  | $ | 160,472 |  |  | $ | 145,854 |  |  | $ | 177,940 |
Foreign |  | (13,338) |  |  | 19,898 |  |  | 27,849 |
Total |  | $ | 147,134 |  |  | $ | 165,752 |  |  | $ | 205,789 |
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense (benefit) consists of the following components:
|  | Fiscal Year Ended
|  | (52 weeks) |  | (52 weeks) |  | (52 weeks)
(Amounts in thousands) |  | 4/26/2025 |  | 4/27/2024 |  | 4/29/2023
Federal |  |  |  |  |  |
Current |  | $ | 28,002 |  |  | $ | 29,637 |  |  | $ | 31,945 |
Deferred |  | 2,197 |  |  | (1,529) |  |  | 4,960 |
State |  |  |  |  |  |
Current |  | 8,807 |  |  | 9,823 |  |  | 10,345 |
Deferred |  | 578 |  |  | (318) |  |  | 1,537 |
Foreign |  |  |  |  |  |
Current |  | 4,280 |  |  | 4,534 |  |  | 7,237 |
Deferred |  | 2,318 |  |  | (1,031) |  |  | (2,176) |
Total income tax expense |  | $ | 46,182 |  |  | $ | 41,116 |  |  | $ | 53,848 |
Schedule of Reconciliation of Effective Tax Rate | Our effective tax rate differs from the U.S. federal income tax rate for the following reasons:
|  | Fiscal Year Ended
|  | (52 weeks) |  | (52 weeks) |  | (52 weeks)
(% of income before income taxes) |  | 4/26/2025 |  | 4/27/2024 |  | 4/29/2023
Statutory tax rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increase (reduction) in income taxes resulting from: |  |  |  |  |  |
State income taxes, net of federal benefit |  | 5.1 | % |  | 4.3 | % |  | 4.5 | %
Change in valuation allowance |  | 1.8 | % |  | — | % |  | — | %
Non-deductible asset impairment |  | 3.5 | % |  | — | % |  | — | %
Foreign rate differences |  | 1.2 | % |  | (0.2) | % |  | (0.2) | %
Miscellaneous items |  | (1.2) | % |  | (0.3) | % |  | 0.9 | %
Effective tax rate |  | 31.4 | % |  | 24.8 | % |  | 26.2 | %
Schedule of Components of Deferred Tax Assets and Liabilities | The primary components of our deferred tax assets and (liabilities) were as follows:
(Amounts in thousands) |  | 4/26/2025 |  | 4/27/2024 |  |
Assets |  |  |  |  |  |
Leases |  | $ | 123,764 |  |  | $ | 121,696 |  |  |
Deferred and other compensation |  | 15,533 |  |  | 15,541 |  |  |
State income tax—net operating losses, credits and other |  | 4,718 |  |  | 4,787 |  |  |
Warranty |  | 7,247 |  |  | 6,985 |  |  |
Workers' compensation |  | 1,962 |  |  | 1,823 |  |  |
Bad debt |  | 1,516 |  |  | 1,587 |  |  |
Employee benefits |  | 2,611 |  |  | 3,153 |  |  |
Federal and foreign net operating losses, credits |  | 2,613 |  |  | 152 |  |  |
Other |  | 1,999 |  |  | 1,822 |  |  |
Valuation allowance |  | (4,055) |  |  | (1,460) |  |  |
Total deferred tax assets |  | 157,908 |  |  | 156,086 |  |  |
Liabilities |  |  |  |  |  |
Right of use lease assets |  | (114,705) |  |  | (113,628) |  |  |
Property, plant and equipment |  | (14,795) |  |  | (13,995) |  |  |
Inventory |  | (2,899) |  |  | (954) |  |  |
Goodwill and other intangibles |  | (19,986) |  |  | (16,709) |  |  |
Tax on undistributed foreign earnings |  | (1,194) |  |  | (1,365) |  |  |
Net deferred tax assets |  | $ | 4,329 |  |  | $ | 9,435 |  |  |
Schedule of Deferred Tax Assets Associated with Loss Carryforwards | The deferred tax assets associated with loss carry forwards and the related expiration dates are as follows:
(Amounts in thousands) |  | Amount |  | Expiration
Various U.S. state net operating losses (excluding federal tax effect) |  | $ | 1,169 |  |  | Fiscal 2026-2040
Foreign capital losses |  | 154 |  |  | Indefinite
Foreign net operating losses |  | 2,613 |  |  | Indefinite
Schedule of Valuation Allowance by Jurisdiction | A summary of the valuation allowance by jurisdiction is as follows:
(Amounts in thousands) |  | 4/26/2025 |  | 4/27/2024 |  | Change
U.S. State |  | $ | 1,449 |  |  | $ | 1,310 |  |  | $ | 139 |
Foreign |  | 2,606 |  |  | 150 |  |  | 2,456 |
Total |  | $ | 4,055 |  |  | $ | 1,460 |  |  | $ | 2,595 |
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending balance of these unrecognized tax benefits is as follows:
|  | Fiscal Year Ended
|  | (52 weeks) |  | (52 weeks) |  | (52 weeks)
(Amounts in thousands) |  | 4/26/2025 |  | 4/27/2024 |  | 4/29/2023
Balance at the beginning of the period |  | $ | 1,175 |  |  | $ | 1,084 |  |  | $ | 1,037 |
Additions: |  |  |  |  |  |
Positions taken during the current year |  | 100 |  |  | 168 |  |  | 109 |
Positions taken during the prior year |  | — |  |  | 50 |  |  | 83 |
Reductions: |  |  |  |  |  |
Positions taken during the prior year |  | (56) |  |  | — |  |  | — |
Reductions resulting from the lapse of the statute of limitations |  | (157) |  |  | (127) |  |  | (145) |
Balance at the end of the period |  | $ | 1,062 |  |  | $ | 1,175 |  |  | $ | 1,084 |

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