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Leases (Tables)

12 Months Ended

Apr. 30, 2022

Leases [Abstract]

Lease Costs

The components of lease expense were as follows:

		Fiscal Year Ended
		April 30, 2022				May 1, 2021				May 2, 2020
(in millions)		(52 Weeks)				(52 Weeks)				(53 Weeks)
Lease cost:
Operating lease cost		$	8.9			$	8.4			$	9.0
Variable lease cost			1.6				1.6				1.3
Total lease cost		$	10.5			$	10.0			$	10.3

Supplemental Cash Flow

Supplemental cash flow and other information related to operating leases was as follows:

		Fiscal Year Ended
		April 30, 2022				May 1, 2021				May 2, 2020
(in millions)		(52 Weeks)				(52 Weeks)				(53 Weeks)
Operating cash flows:
Cash paid related to operating lease obligations, including lease termination payment		$	10.8			$	9.3			$	8.7
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations		$	7.7			$	5.7			$	5.5
Weighted-average remaining lease term		5.3 years				5.0 years				5.7 years
Weighted-average discount rate			4.4	%			4.6	%			4.7	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of April 30, 2022, are shown below:

(in millions)
Fiscal Year:
2023		$	6.5
2024			4.8
2025			2.5
2026			1.7
2027			1.5
Thereafter			7.0
Total lease payments			24.0
Less: imputed interest			(3.2	)
Present value of lease liabilities		$	20.8

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

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- References

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

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- Definition

Tabular disclosure of supplemental cash flow information for the periods presented.

+ References

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