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Leases (Tables)
12 Months Ended
Apr. 27, 2025
Assets And Liabilities Lessee [Abstract]  
Summary of Right of Use Assets and Lease Liabilities

The right of use assets and lease liabilities associated with our operating leases as of April 27, 2025, and April 28, 2024, are as follows:

 

(dollars in thousands)

 

April 27,
2025

 

 

April 28,
2024

 

Right of use assets

 

$

5,908

 

 

$

6,203

 

Operating lease liability - current

 

 

2,394

 

 

 

2,061

 

Operating lease liability – noncurrent

 

 

2,535

 

 

 

2,422

 

Supplemental Cash Flow Information

Supplemental Cash Flow Information

 

(dollars in thousands)

2025

 

 

2024

 

 

2023

 

Operating lease liability payments

$

2,391

 

 

$

2,663

 

 

$

2,497

 

Right of use assets exchanged for lease liabilities

 

2,837

 

 

 

978

 

 

 

731

 

Summary of Weighted Average Remaining Lease Term and Discount Rate

As of April 27, 2025, the weighted average remaining lease term and discount rate for our operating leases follows:

 

Weighted average lease term

 

2.92 years

 

Weighted average discount rate

 

 

5.55

%

 

As of April 28, 2024, the weighted average remaining lease term and discount rate for our operating leases follows:

 

Weighted average lease term

 

3.77 years

 

Weighted average discount rate

 

 

3.71

%

 

Summary of Maturity of Operating Lease Liabilities

Other Information

Maturity of our operating lease liabilities for the next five fiscal years and thereafter follows:

 

(dollars in thousands)

 

Amount

 

2026

 

$

2,593

 

2027

 

 

1,554

 

2028

 

 

388

 

2029

 

 

227

 

2030

 

 

229

 

Thereafter

 

 

348

 

 

 

5,339

 

Less: interest

 

 

(410

)

Present value of lease liabilities

 

$

4,929