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Note 11 - Retirement Benefits
 12 Months Ended
May 01, 2021
Notes to Financial Statements  
Retirement Benefits [Text Block]

Note 11. Retirement Benefits

 

We sponsor a 401(k) savings plan providing benefits for substantially all United States-based employees of Daktronics, Inc. and its subsidiaries, subject to certain Internal Revenue Service ("IRS") limits. We made matching cash contributions equal to 50 percent of the employee's qualifying contribution up to six percent of such employee's compensation; however, we eliminated our matching contribution as one of our cost savings initiatives for fiscal 2021. These benefits were reinstated for fiscal 2022. Employees are eligible to participate in the 401(k) savings plan upon completion of three months of continuous service if they have attained the age of 21. We contributed $0, $2,917 and $2,754 for matches to the plan for fiscal years 2021, 2020, and 2019, respectively.