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Restructuring Activities (Tables) | 12 Months Ended
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Apr. 28, 2024
Restructuring and Related Activities [Abstract] |
Summary of Restructuring Expense and Restructuring Related Charges | The following summarizes our restructuring expense and restructuring related charges noted above for the twelve months ending April 28, 2024, and April 30, 2023:
(dollars in thousands) |  |  | 2024 |  |  |  | 2023 |
Employee termination benefits |  | $ | 307 |  |  | $ | 507 |
Lease termination costs |  |  | — |  |  |  | 481 |
Impairment loss - leasehold improvements and equipment |  |  | 329 |  |  |  | 357 |
Loss on disposal and markdowns of inventory |  |  | 40 |  |  |  | 98 |
Other associated costs |  |  | — |  |  |  | 51 |
Restructuring expense and restructuring related charges (1)(2) |  | $ | 676 |  |  | $ | 1,494 |
(1) Of the total $676,000, $636,000 and $40,000 were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the twelve-month period ending April 28, 2024. (2) Of the total $1.5 million, $1.4 million and $98,000 were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the twelve-month period ending April 30, 2023.
Summary of Activity in Accrued Restructuring | The following summarizes the activity in accrued restructuring for fiscal 2024:
|  | Employee |  |  | Lease |  |  | Other |  |  |  |
|  | Termination |  |  | Termination |  |  | Associated |  |  |  |
(dollars in thousands) |  | Benefits |  |  | Costs |  |  | Costs |  |  | Total |
Beginning of year balance |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Accrual established in fiscal 2024 |  |  | 307 |  |  |  | — |  |  |  | — |  |  |  | 307 |
Expenses incurred |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Payments |  |  | (304 | ) |  |  | — |  |  |  | — |  |  |  | (304 | )
End of year balance (1) |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |
(1) Accrued restructuring of $3,000 was reported within accrued expenses in the Consolidated Balance Sheets for the period ending April 28, 2024. The following summarizes the activity in accrued restructuring for fiscal 2023:
|  | Employee |  |  | Lease |  |  | Other |  |  |  |
|  | Termination |  |  | Termination |  |  | Associated |  |  |  |
(dollars in thousands) |  | Benefits |  |  | Costs |  |  | Costs |  |  | Total |
Beginning of year balance |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Accrual established in fiscal 2023 |  |  | 507 |  |  |  | 47 |  |  |  | — |  |  |  | 554 |
Expenses incurred |  |  | — |  |  |  | — |  |  |  | 51 |  |  |  | 51 |
Payments |  |  | (507 | ) |  |  | (47 | ) |  |  | (51 | ) |  |  | (605 | )
End of year balance |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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