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Financing Agreements (Tables)

9 Months Ended

Jan. 25, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments

Long-term debt consists of the following:

			January 25, 2025						April 27, 2024
Mortgage			$	12,750					$	13,875
Convertible note			11,128						25,000
Long-term debt, gross			23,878						38,875
Debt issuance costs, net			(481)						(761)
Change in fair value of convertible note			19,122						16,550
Current portion			(1,500)						(1,500)
Long-term debt, net			$	41,019					$	53,164

The changes in fair value of the Convertible Note during the nine months ended January 25, 2025 are as follows:

			Liability Component
			(in thousands)
Balance as of April 27, 2024			$	41,550
Carrying value of note settled through conversion			(36,797)
Fair value change recognized			25,497
Balance as of January 25, 2025			$	30,250

Fair Value Measurement Inputs and Valuation Techniques

We determined the fair value by using the following key assumptions in the MCS and binomial lattice model as of January 25, 2025 and April 27, 2024, respectively:

			January 25, 2025						April 27, 2024
Risk-Free Rate (Annual)			4.24		%				4.78		%
Yield			15.79		%				16.28		%
Volatility (Annual)			40.00		%				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
Remainder of 2025			$	375
2026			1,500
2027			10,875
2028			11,128
2029			—
Total debt			$	23,878

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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