v3.26.1
Income Taxes (Tables)
 12 Months Ended
Apr. 25, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Taxes
Income before income taxes consists of the following:
Fiscal Year Ended
(52 weeks)(52 weeks)(52 weeks)
(Amounts in thousands)4/25/20264/26/20254/27/2024
United States$136,363 $160,472 $145,854 
Foreign2,442 (13,338)19,898 
Total$138,805 $147,134 $165,752 
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)4/25/20264/26/20254/27/2024
Federal
Current $7,844 $28,002 $29,637 
Deferred16,712 2,197 (1,529)
State
Current 5,803 8,807 9,823 
Deferred1,798 578 (318)
Foreign
Current 3,930 4,280 4,534 
Deferred(193)2,318 (1,031)
Total income tax expense$35,894 $46,182 $41,116 
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)
4/25/2026
(Amounts in thousands)AmountPercentage
US Federal Statutory Tax Rate$29,086 21.0 %
Domestic State and Local Income Taxes, net of Federal Benefit (1)
6,035 4.3 %
Foreign Tax Effects
United Kingdom
Nondeductible operating losses2,752 2.0 %
Other(272)(0.2)%
Other foreign jurisdictions1,081 0.8 %
Effects of Cross-Border Transactions(1,095)(0.8)%
Tax Credits(726)(0.5)%
Nontaxable or Nondeductible Items
Nondeductible asset impairment4,193 3.0 %
Nondeductible executive compensation1,611 1.2 %
Other(307)(0.2)%
Changes in Unrecognized Tax Benefits167 0.1 %
Other Adjustments
US federal tax effects of United Kingdom plant closure(5,851)(4.2)%
Other(780)(0.6)%
Effective Tax Rate$35,894 25.9 %
(1)The domestic state jurisdictions that make up greater than 50% of the total effect of this category include CA, PA, IL, MI, MD, VA, WI, and NY.
Fiscal Year Ended
(52 weeks)(52 weeks)
(% of income before income taxes)4/26/20254/27/2024
Statutory tax rate21.0 %21.0 %
Increase (reduction) in income taxes resulting from:
State income taxes, net of federal benefit5.1 %4.3 %
Change in valuation allowance1.8 %— %
Non-deductible asset impairment3.5 %— %
Foreign rate differences1.2 %(0.2)%
Miscellaneous items(1.2)%(0.3)%
Effective tax rate31.4 %24.8 %
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)4/25/20264/26/2025
Assets
Leases$142,209 $123,764 
Deferred and other compensation14,570 15,533 
State income tax—net operating losses, credits and other6,537 4,718 
Warranty5,890 7,247 
Workers' compensation1,982 1,962 
Bad debt1,535 1,516 
Employee benefits2,202 2,611 
Federal and foreign net operating losses, credits947 2,613 
Other— 1,999 
Valuation allowance(2,388)(4,055)
Total deferred tax assets173,484 157,908 
Liabilities
Right of use lease assets(132,402)(114,705)
Property, plant and equipment(26,973)(14,795)
Inventory(2,597)(2,899)
Goodwill and other intangibles(23,757)(19,986)
Tax on undistributed foreign earnings(1,425)(1,194)
Other(309)— 
Net deferred tax assets (liabilities)$(13,979)$4,329 
Schedule of Deferred Tax Assets Associated with Loss Carryforwards and Expiration Dates
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)$2,162 Fiscal 2027-2041
Foreign capital losses17 Indefinite
Foreign net operating losses930 Indefinite
Schedule of Valuation Allowance by Jurisdiction
A summary of the valuation allowance by jurisdiction is as follows:

(Amounts in thousands)4/25/20264/26/2025Change
U.S. State$1,621 $1,449 $172 
Foreign767 2,606 (1,839)
Total$2,388 $4,055 $(1,667)
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)4/25/20264/26/20254/27/2024
Balance at the beginning of the period$1,062 $1,175 $1,084 
Additions:
Positions taken during the current year273 100 168 
Positions taken during the prior year27 — 50 
Reductions:
Positions taken during the prior year— (56)— 
Reductions resulting from the lapse of the statute of limitations(148)(157)(127)
Balance at the end of the period$1,214 $1,062 $1,175 
Schedule of Cash Paid for Taxes (Net of Refunds Received)
Cash paid for taxes (net of refunds received) during fiscal year ended April 25, 2026 were as follows:
Fiscal Year Ended
(52 weeks)
(Amounts in thousands)4/25/2026
U.S Federal$21,424 
U.S. State6,365 
Mexico2,301 
Other Foreign328 
Total cash paid for taxes (net of refunds received)$30,418