Leases (Tables)
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12 Months Ended |
Apr. 26, 2025 |
Leases [Abstract] |
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Schedule of Supplemental Balance Sheet Information |
Supplemental balance sheet information pertaining to our leases is as follows: | | | | | | | | | | | | | | | (Amounts in thousands) | | 4/26/2025 | | 4/27/2024 | Operating leases | | | | | ROU lease assets | | $ | 450,177 | | | $ | 444,711 | | Lease liabilities, short-term | | 79,707 | | | 76,436 | | Lease liabilities, long-term | | 408,402 | | | 403,513 | | Finance leases | | | | | ROU lease assets | | $ | 2,671 | | | $ | 1,755 | | Lease liabilities, short-term | | 885 | | | 591 | | Lease liabilities, long-term | | 1,863 | | | 1,211 | | | | | | |
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Schedule of ROU Lease Assets by Segment |
The ROU lease assets by segment are as follows: | | | | | | | | | | | | | | | (Amounts in thousands) | | 4/26/2025 | | 4/27/2024 | Wholesale | | $ | 110,045 | | | $ | 125,286 | | Retail | | 316,510 | | | 290,457 | | Corporate and Other | | 26,293 | | | 30,723 | | Total ROU lease assets | | $ | 452,848 | | | $ | 446,466 | |
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Schedule of Components of Lease Cost |
The components of lease cost are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended | | | | | (52 weeks) | | (52 weeks) | | (52 weeks) | (Amounts in thousands) | | | | 4/26/2025 | | 4/27/2024 | | 4/29/2023 | Operating lease cost | | | | $ | 97,261 | | | $ | 95,876 | | | $ | 90,500 | | Finance lease cost | | | | 773 | | | 588 | | | 130 | | Short-term lease cost | | | | 2,644 | | | 1,899 | | | 2,459 | | Variable lease cost | | | | 274 | | | 271 | | | 187 | | Less: Sublease income | | | | (380) | | | (291) | | | (276) | | Total lease cost | | | | $ | 100,572 | | | $ | 98,343 | | | $ | 93,000 | |
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Schedule of Supplemental Lease Disclosures |
The following tables present supplemental lease disclosures: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year Ended | | | (52 weeks) | | (52 weeks) | | | 4/26/2025 | | 4/27/2024 | (Amounts in thousands) | | Operating Leases | | Finance Leases | | Operating Leases | | Finance Leases | Cash paid for amounts included in the measurement of lease liabilities | | $ | 99,128 | | | $ | 773 | | | $ | 95,992 | | | $ | 588 | | Lease liabilities arising from new ROU lease assets | | 81,927 | | | 1,608 | | | 112,484 | | | 1,941 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4/26/2025 | | 4/27/2024 | (Amounts in thousands) | | Operating Leases | | Finance Leases | | Operating Leases | | Finance Leases | Weighted-average remaining lease term (years) | | 6.8 | | 3.6 | | 7.1 | | 3.0 | Weighted-average discount rate | | 4.5 | % | | 5.7 | % | | 4.2 | % | | 6.0 | % |
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Schedule of Maturity of Operating Lease Liabilities |
The following table presents our maturity of lease liabilities: | | | | | | | | | | | | | | | | | | | | | 4/26/2025 | | | (Amounts in thousands) | | Operating Leases (1) | | Finance Leases | | | | | Within one year | | $ | 99,196 | | | $ | 1,013 | | | | | | After one year and within two years | | 90,247 | | | 915 | | | | | | After two years and within three years | | 81,610 | | | 457 | | | | | | After three years and within four years | | 75,269 | | | 365 | | | | | | After four years and within five years | | 63,371 | | | 272 | | | | | | After five years | | 158,432 | | | — | | | | | | Total lease payments | | 568,125 | | | 3,022 | | | | | | Less: Interest | | 80,016 | | | 274 | | | | | | Total lease obligations | | $ | 488,109 | | | $ | 2,748 | | | | | |
(1)Excludes approximately $56.2 million in future lease payments for various operating leases commencing in a future period.
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Schedule of Maturity of Finance Lease Liabilities |
The following table presents our maturity of lease liabilities: | | | | | | | | | | | | | | | | | | | | | 4/26/2025 | | | (Amounts in thousands) | | Operating Leases (1) | | Finance Leases | | | | | Within one year | | $ | 99,196 | | | $ | 1,013 | | | | | | After one year and within two years | | 90,247 | | | 915 | | | | | | After two years and within three years | | 81,610 | | | 457 | | | | | | After three years and within four years | | 75,269 | | | 365 | | | | | | After four years and within five years | | 63,371 | | | 272 | | | | | | After five years | | 158,432 | | | — | | | | | | Total lease payments | | 568,125 | | | 3,022 | | | | | | Less: Interest | | 80,016 | | | 274 | | | | | | Total lease obligations | | $ | 488,109 | | | $ | 2,748 | | | | | |
(1)Excludes approximately $56.2 million in future lease payments for various operating leases commencing in a future period.
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