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Leases (Tables) | 12 Months Ended
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Apr. 27, 2024
Leases [Abstract] |
Lease Costs | The components of lease expense were as follows:
|  | Fiscal Year Ended |
(in millions) |  | April 27, 2024 |  |  | April 29, 2023 |  |  | April 30, 2022 |
Lease cost: |  |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 10.6 |  |  | $ | 9.5 |  |  | $ | 8.9 |
Variable lease cost |  |  | 1.7 |  |  |  | 0.7 |  |  |  | 1.6 |
Total lease cost |  | $ | 12.3 |  |  | $ | 10.2 |  |  | $ | 10.5 |
Supplemental Cash Flow | Supplemental cash flow and other information related to operating leases was as follows:
|  | Fiscal Year Ended |
|  | April 27, 2024 |  |  | April 29, 2023 |  |  | April 30, 2022 |
Operating cash flows: |  |  |  |  |  |  |  |  |
Cash paid related to operating lease obligations, including lease termination payment (in millions) |  | $ | 9.6 |  |  | $ | 8.8 |  |  | $ | 10.8 |
Non-cash activity: |  |  |  |  |  |  |  |  |
Right-of-use assets obtained in exchange for lease obligations (in millions) |  | $ | 6.7 |  |  | $ | 11.7 |  |  | $ | 7.7 |
Weighted-average remaining lease term (years) |  | 4.6 |  |  | 5.1 |  |  |  | 5.3 |
Weighted-average discount rate |  |  | 5.4 | % |  |  | 5.2 | % |  |  | 4.4 | %
Maturities of Operating Lease Liabilities | Maturities of operating lease liabilities as of April 27, 2024, are shown below:
(in millions) |  |  |
Fiscal Year: |  |  |
2025 |  | $ | 7.7 |
2026 |  |  | 6.8 |
2027 |  |  | 6.2 |
2028 |  |  | 4.4 |
2029 |  |  | 1.8 |
Thereafter |  |  | 4.1 |
Total lease payments |  |  | 31.0 |
Less: imputed interest |  |  | (3.7 | )
Present value of lease liabilities |  | $ | 27.3 |

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- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
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- 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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
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- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
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