v3.25.2
Income Taxes (Tables)
 12 Months Ended
Apr. 26, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Taxes for Continuing Operations
Income before income taxes consists of the following:
Fiscal Year Ended
(52 weeks)(52 weeks)(52 weeks)
(Amounts in thousands)4/26/20254/27/20244/29/2023
United States$160,472 $145,854 $177,940 
Foreign(13,338)19,898 27,849 
Total$147,134 $165,752 $205,789 
Schedule of Components of Income Tax Expense (Benefit)
Income tax expense (benefit) consists of the following components:
Fiscal Year Ended
(52 weeks)(52 weeks)(52 weeks)
(Amounts in thousands)4/26/20254/27/20244/29/2023
Federal
Current $28,002 $29,637 $31,945 
Deferred2,197 (1,529)4,960 
State
Current 8,807 9,823 10,345 
Deferred578 (318)1,537 
Foreign
Current 4,280 4,534 7,237 
Deferred2,318 (1,031)(2,176)
Total income tax expense$46,182 $41,116 $53,848 
Schedule of Reconciliation of Effective Tax Rate
Our effective tax rate differs from the U.S. federal income tax rate for the following reasons:

Fiscal Year Ended
(52 weeks)(52 weeks)(52 weeks)
(% of income before income taxes)4/26/20254/27/20244/29/2023
Statutory tax rate21.0 %21.0 %21.0 %
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit5.1 %4.3 %4.5 %
Change in valuation allowance1.8 %— %— %
Non-deductible asset impairment3.5 %— %— %
Foreign rate differences1.2 %(0.2)%(0.2)%
Miscellaneous items(1.2)%(0.3)%0.9 %
Effective tax rate31.4 %24.8 %26.2 %
Schedule of Components of Deferred Tax Assets and Liabilities
The primary components of our deferred tax assets and (liabilities) were as follows:

(Amounts in thousands)4/26/20254/27/2024
Assets
Leases$123,764 $121,696 
Deferred and other compensation15,533 15,541 
State income tax—net operating losses, credits and other4,718 4,787 
Warranty7,247 6,985 
Workers' compensation1,962 1,823 
Bad debt1,516 1,587 
Employee benefits2,611 3,153 
Federal and foreign net operating losses, credits2,613 152 
Other1,999 1,822 
Valuation allowance(4,055)(1,460)
Total deferred tax assets157,908 156,086 
Liabilities
Right of use lease assets(114,705)(113,628)
Property, plant and equipment(14,795)(13,995)
Inventory(2,899)(954)
Goodwill and other intangibles(19,986)(16,709)
Tax on undistributed foreign earnings(1,194)(1,365)
Net deferred tax assets$4,329 $9,435 
Schedule of Deferred Tax Assets Associated with Loss Carryforwards
The deferred tax assets associated with loss carry forwards and the related expiration dates are as follows:

(Amounts in thousands)AmountExpiration
Various U.S. state net operating losses (excluding federal tax effect)$1,169 Fiscal 2026-2040
Foreign capital losses154 Indefinite
Foreign net operating losses2,613 Indefinite
Schedule of Valuation Allowance by Jurisdiction
A summary of the valuation allowance by jurisdiction is as follows:

(Amounts in thousands)4/26/20254/27/2024Change
U.S. State$1,449 $1,310 $139 
Foreign2,606 150 2,456 
Total$4,055 $1,460 $2,595 
Schedule of Reconciliation of Unrecognized Tax Benefits A reconciliation of the beginning and ending balance of these unrecognized tax benefits is as follows:
Fiscal Year Ended
(52 weeks)(52 weeks)(52 weeks)
(Amounts in thousands)4/26/20254/27/20244/29/2023
Balance at the beginning of the period$1,175 $1,084 $1,037 
Additions:
Positions taken during the current year100 168 109 
Positions taken during the prior year— 50 83 
Reductions:
Positions taken during the prior year(56)— — 
Reductions resulting from the lapse of the statute of limitations(157)(127)(145)
Balance at the end of the period$1,062 $1,175 $1,084