v3.26.1
Leases (Tables)
 12 Months Ended
May 02, 2026
Leases [Abstract]  
Lease Costs

The components of lease expense were as follows:

 

 

 

Fiscal Year Ended

 

 

 

May 2, 2026

 

 

May 3, 2025

 

 

April 27, 2024

 

(in millions)

 

(52 Weeks)

 

 

(53 Weeks)

 

 

(52 Weeks)

 

Lease cost:

 

 

 

 

 

 

 

 

 

Operating lease cost

 

$

8.5

 

 

$

9.9

 

 

$

10.6

 

Variable lease cost

 

 

0.7

 

 

 

2.0

 

 

 

1.7

 

Total lease cost

 

$

9.2

 

 

$

11.9

 

 

$

12.3

 
Supplemental Cash Flow

Supplemental cash flow and other information related to operating leases was as follows:

 

 

Fiscal Year Ended

 

 

 

May 2, 2026

 

 

May 3, 2025

 

 

April 27, 2024

 

 

 

(52 Weeks)

 

 

(53 Weeks)

 

 

(52 Weeks)

 

Operating cash flows:

 

 

 

 

 

 

 

 

 

Cash paid related to operating lease obligations, including lease termination payment (in millions)

 

$

9.2

 

 

$

9.3

 

 

$

9.6

 

Non-cash activity:

 

 

 

 

 

 

 

 

 

Right-of-use assets obtained in exchange for lease obligations (in millions)

 

$

4.6

 

 

$

6.4

 

 

$

6.7

 

Weighted-average remaining lease term (years)

 

 

3.4

 

 

3.9

 

 

 

4.6

 

Weighted-average discount rate

 

 

5.4

%

 

 

5.5

%

 

 

5.4

%
Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of May 2, 2026, are shown below:

(in millions)

 

 

 

Fiscal Year:

 

 

 

2027

 

$

9.3

 

2028

 

 

6.9

 

2029

 

 

3.5

 

2030

 

 

1.7

 

2031

 

 

1.8

 

Thereafter

 

 

1.8

 

Total Lease Payments

 

 

25.0

 

Less: Imputed Interest

 

 

(2.2

)

Present Value of Lease Liabilities

 

$

22.8