Restructuring Activities (Tables)

3 Months Ended

Aug. 03, 2025

Restructuring and Related Activities [Abstract]

Summary of Restructuring Expense and Restructuring Related Charges

The following summarizes restructuring and restructuring related charges associated with the above announcements for the three month periods ended August 3, 2025 and July 28, 2024:


		Three Months Ended				Three Months Ended
(dollars in thousands)		August 3, 2025				July 28, 2024
Additional depreciation expense for shortened useful lives		$	22			$	875
Employee termination benefits			(4	)			689
Lease Termination Costs			62				670
Facility consolidation and relocation expenses			52				251
Net (gain) loss on sale and impairment of property, plant, and equipment			(3,747	)			95
Other Associated Costs			107				51
Loss on disposal and markdowns of inventory			—				116
Restructuring (credit) expense and restructuring related charge (1) (2)		$	(3,508	)		$	2,747

(1) The total $3.5 million credit was classified within restructuring credit in the Consolidated Statement of Net Loss for the three-month period ended August 3, 2025. The $3.5 million restructuring credit mostly related to the bedding segment.

(2) Of the total $2.7 million restructuring and restructuring related charges, $2.6 million and $116,000 were classified within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the three month period ended July 28, 2024. The $2.7 million expense mostly related to the bedding fabrics segment.

Summary of Activity in Accrued Restructuring

The following summarizes accrued restructuring costs for the three-month period ended August 3, 2025:


		Employee				Other				Facility Consolidation
		Termination				Associated				and Relocation
(dollars in thousands)		Benefits				Costs				Costs				Total
Beginning balance		$	522			$	88			$	—			$	610
Expenses incurred			—				84				52				136
Change in estimate adjustments			(4	)			23				—				19
Payments			(446	)			(163	)			(52	)			(661	)
Foreign currency exchange remeasurement			—				1				—				1
Ending Balance		$	72			$	33			$	—			$	105

The following summarizes accrued restructuring costs for the three-month period ended July 28, 2024:


		Employee				Other				Facility Consolidation
		Termination				Associated				and Relocation
(dollars in thousands)		Benefits				Costs				Costs				Total
Beginning balance (1)		$	—			$	3			$	—			$	3
Expenses incurred			689				302				—				991
Payments			(72	)			(282	)			—				(354	)
Foreign currency exchange remeasurement			(7	)			—				—				(7	)
Ending Balance		$	610			$	23			$	—			$	633

(1) Accrued restructuring expense of $3,000 was reported within accrued expenses in the Consolidated Balance Sheet for the period ended April 28, 2024.