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Leases (Tables)

12 Months Ended

May 03, 2025

Leases [Abstract]

Lease Costs

The components of lease expense were as follows:

		Fiscal Year Ended
		May 3, 2025				April 27, 2024				April 29, 2023
(in millions)		(53 Weeks)				(52 Weeks)				(52 Weeks)
Lease cost:
Operating lease cost		$	9.9			$	10.6			$	9.5
Variable lease cost			2.0				1.7				0.7
Total lease cost		$	11.9			$	12.3			$	10.2

Supplemental Cash Flow

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

		Fiscal Year Ended
		May 3, 2025				April 27, 2024				April 29, 2023
		(53 Weeks)				(52 Weeks)				(52 Weeks)
Operating cash flows:
Cash paid related to operating lease obligations, including lease termination payment (in millions)		$	9.3			$	9.6			$	8.8
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations (in millions)		$	6.4			$	6.7			$	11.7
Weighted-average remaining lease term (years)			3.9			4.6					5.1
Weighted-average discount rate			5.5	%			5.4	%			5.2	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of May 3, 2025, are shown below:

(in millions)
Fiscal Year:
2026		$	8.3
2027			7.7
2028			5.4
2029			2.8
2030			1.4
Thereafter			3.0
Total lease payments			28.6
Less: imputed interest			(3.0	)
Present value of lease liabilities		$	25.6

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
-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

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- References

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+ Details

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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
-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

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- Definition

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

+ References

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