XML 90 R72.htm IDEA: XBRL DOCUMENT v3.25.2
Restructuring Activities - Summary of Activity in Accrued Restructuring (Detail) - USD ($)
 3 Months Ended 12 Months Ended
Apr. 29, 2024
Jan. 29, 2023
Apr. 27, 2025
Apr. 28, 2024
Apr. 30, 2023
Restructuring Cost and Reserve [Line Items]          
Expenses incurred $ 8,700,000   $ 7,739,000 [1],[2],[3] $ 636,000 [1],[2],[3] $ 1,396,000 [1],[2],[3]
CUF Haiti [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred       636,000 1,400,000
Lease Termination Costs [Member] | CUF Haiti [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred   $ 434,000      
Exit and Disposal Activity [Member] | CUF Haiti [Member]          
Restructuring Cost and Reserve [Line Items]          
Beginning balance [4] 3,000   3,000    
Accrual established in fiscal 2023       307,000 554,000
Expenses incurred     14,000   51,000
Payments     (17,000) (304,000) (605,000)
Ending balance [4]       3,000  
Exit and Disposal Activity [Member] | Employee Termination Benefits [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred       307,000 507,000
Exit and Disposal Activity [Member] | Employee Termination Benefits [Member] | CUF Haiti [Member]          
Restructuring Cost and Reserve [Line Items]          
Beginning balance [4] $ 3,000   3,000    
Accrual established in fiscal 2023       307,000 507,000
Payments     (3,000) (304,000) (507,000)
Ending balance [4]       $ 3,000  
Exit and Disposal Activity [Member] | Lease Termination Costs [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred         481,000
Exit and Disposal Activity [Member] | Lease Termination Costs [Member] | CUF Haiti [Member]          
Restructuring Cost and Reserve [Line Items]          
Accrual established in fiscal 2023         47,000
Payments         (47,000)
Exit and Disposal Activity [Member] | Other Associated Costs [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred     14,000   51,000
Exit and Disposal Activity [Member] | Other Associated Costs [Member] | CUF Haiti [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred     14,000   51,000
Payments     (14,000)   $ (51,000)
April 24, 2025 Restructuring Plan [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred     5,136,000    
Change in estimate adjustments     (123,000)    
Payments     (4,380,000)    
Foreign currency exchange remeasurement     (23,000)    
Ending balance     610,000    
April 24, 2025 Restructuring Plan [Member] | Employee Termination Benefits [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred     1,667,000    
Change in estimate adjustments     (115,000)    
Payments     (1,019,000)    
Foreign currency exchange remeasurement     (11,000)    
Ending balance     522,000    
April 24, 2025 Restructuring Plan [Member] | Lease Termination Costs [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred     849,000    
April 24, 2025 Restructuring Plan [Member] | Other Associated Costs [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred     1,032,000    
Change in estimate adjustments     (8,000)    
Payments     (926,000)    
Foreign currency exchange remeasurement     (10,000)    
Ending balance     88,000    
April 24, 2025 Restructuring Plan [Member] | Facility Consolidation and Relocation Costs [Member]          
Restructuring Cost and Reserve [Line Items]          
Expenses incurred     2,437,000    
Payments     (2,435,000)    
Foreign currency exchange remeasurement     $ (2,000)    
[1] For fiscal 2023, restructuring expense of $1.4 million relates to both our restructuring activities for our cut and sewn upholstery fabrics operations located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and those located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $507,000, lease termination costs of $481,000, impairment losses totaling $357,000 that relate to leasehold improvements and equipment, and $51,000 for other associated costs.
[2] For fiscal 2024, restructuring expense of $636,000 represents impairment charges related to equipment of $329,000 and employee termination benefits of $103,000 related to the discontinuation of production of cut and sewn upholstery kits at the company's facility in Ouanaminthe, Haiti. In addition, during the fourth quarter of fiscal 2024, restructuring expense of $204,000 was incurred for employee termination benefits related to the closure of the upholstery fabrics finishing operation located in Shanghai China.
[3] For fiscal 2025, restructuring expense of $7.7 million mostly relates to the mattress fabrics segment. The $7.7 million restructuring expense represents costs associated with: (i) consolidating the company's North American mattress fabrics operations, including the closure of the company's Property located in Quebec, Canada; (ii) consolidating two leased facilities related to the sewn mattress cover operation located in Ouanaminthe, Haiti, into one facility and reducing other operating expenses at this location; (iii) initial costs related to consolidating production and distribution activities from the upholstery fabrics distribution center located in Burlington, North Carolina to the mattress fabrics manufacturing and distribution center located in Stokesdale, North Carolina; and (v) other expenses incurred as part of the company's strategic plan to transform it's operating model as announced on April 24, 2025. See Note 10 located in the consolidated financial statements for further details regarding the restructuring activities announced on May 1, 2024 (first quarter of fiscal 2025) and April 24, 2025 (fourth quarter of fiscal 2025).
[4] Accrued restructuring was reported within accrued expenses within the Consolidated Balance Sheet as of April 28, 2024.