v3.25.2
Financing Agreements (Tables)
12 Months Ended
Apr. 26, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
Long-term debt consists of the following:
April 26,
2025
April 27,
2024
ABL credit facility/prior line of credit$— $— 
Mortgage12,375 13,875 
Convertible note— 25,000 
Long-term debt, gross12,375 38,875 
Debt issuance costs, net(388)(761)
Change in fair value of convertible note— 16,550 
Current portion(1,500)(1,500)
Long-term debt, net$10,487 $53,164 
The changes in fair value of the Convertible Note during fiscal 2025 was as follows:
Liability Component
(in thousands)
Balance as of April 27, 2024$41,550 
Carrying value of note settled through conversion(64,366)
Fair value change recognized22,521 
Interest on convertible note$295 
Balance as of April 26, 2025$— 
Fair Value Measurement Inputs and Valuation Techniques For the year ended April 27, 2024, we determined the fair value by using the following key assumptions in the binomial lattice model:
April 27, 2024
Risk-Free Rate (Annual)4.78 %
Implied Yield16.28 %
Volatility (Annual)40.00 %
Dividend Yield (Annual)— %
Schedule of Maturities of Long-Term Debt
Aggregate contractual maturities of debt in future fiscal years are as follows:

Fiscal years endingAmount
2026$1,500 
202710,875 
2028— 
2029— 
2030 and beyond— 
Total debt$12,375