Employee Benefits (Tables)

12 Months Ended

Apr. 26, 2025

The table below summarizes the total costs associated with our employee benefit plans.


	Fiscal Year Ended
	(52 weeks)		(52 weeks)		(52 weeks)
(Amounts in thousands)	4/26/2025		4/27/2024		4/29/2023
401(k) Retirement Plan	$	16,482	$	14,698	$	12,877
Performance Compensation Retirement Plan (1)	497		(133)		160
Deferred Compensation Plan (2)	(276)		(86)		202
Non-Qualified Defined Benefit Retirement Plan (3)	678		737		748

(1)Performance Compensation Retirement Plan includes forfeitures.

(2)Includes (gain)/loss on investments held to fund compensation/retirement plans and administrative fees.

(3)Primarily related to interest cost.

While the Company no longer makes contributions, the outstanding liability balance related to the plan is as follows:


(Amounts in thousands)	4/26/2025		4/27/2024
Short-term obligation included in other current liabilities	$	2,238	$	2,341
Long-term obligation included in other long-term liabilities	7,280		9,021

Further information related to the plan is as follows:


(Amounts in thousands)	4/26/2025		4/27/2024
Plan obligation included in other long-term liabilities	$	20,607	$	21,157
Cash surrender value on life insurance contracts included in other long-term assets (1)	44,925		43,398

(1)Life insurance contracts are related to the Executive Deferred Compensation Plan and the PCRP.

Further information related to the plan is as follows:


(Amounts in thousands)	4/26/2025		4/27/2024
Short-term plan obligation included in other current liabilities	$	995	$	996
Long-term plan obligation included in other long-term liabilities	10,107		10,246
Discount rate used to determine obligation	5.4%		5.5%


	Fiscal Year Ended
	(52 weeks)		(52 weeks)		(52 weeks)
(Amounts in thousands)	4/26/2025		4/27/2024		4/29/2023
Actuarial loss recognized in AOCI	$	83	$	124	$	193
Benefit payments (1)	946		1,041		1,091

(1)Benefit payments are scheduled to be between $0.9 million and $1.0 million annually for the next 10 years.