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Financing Agreements (Tables) | 12 Months Ended
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Apr. 26, 2025
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | Long-term debt consists of the following:
| April 26, 2025 |  | April 27, 2024
ABL credit facility/prior line of credit | $ | — |  |  | $ | — |
Mortgage | 12,375 |  |  | 13,875 |
Convertible note | — |  |  | 25,000 |
Long-term debt, gross | 12,375 |  |  | 38,875 |
Debt issuance costs, net | (388) |  |  | (761) |
Change in fair value of convertible note | — |  |  | 16,550 |
Current portion | (1,500) |  |  | (1,500) |
Long-term debt, net | $ | 10,487 |  |  | $ | 53,164 |
The changes in fair value of the Convertible Note during fiscal 2025 was as follows:
| Liability Component
| (in thousands)
Balance as of April 27, 2024 | $ | 41,550 |
Carrying value of note settled through conversion | (64,366) |
Fair value change recognized | 22,521 |
Interest on convertible note | $ | 295 |
Balance as of April 26, 2025 | $ | — |
Fair Value Measurement Inputs and Valuation Techniques | For the year ended April 27, 2024, we determined the fair value by using the following key assumptions in the binomial lattice model:
| April 27, 2024
Risk-Free Rate (Annual) | 4.78 | %
Implied Yield | 16.28 | %
Volatility (Annual) | 40.00 | %
Dividend Yield (Annual) | — | %
Schedule of Maturities of Long-Term Debt | Aggregate contractual maturities of debt in future fiscal years are as follows:
Fiscal years ending | Amount
2026 | $ | 1,500 |
2027 | 10,875 |
2028 | — |
2029 | — |
2030 and beyond | — |
Total debt | $ | 12,375 |

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