v3.26.1
Leases (Tables)
12 Months Ended
May 03, 2026
Assets And Liabilities Lessee [Abstract]  
Summary of Right of Use Assets and Lease Liabilities

The right of use assets and lease liabilities associated with our operating leases as of May 3, 2026, and April 27, 2025, are as follows:

 

(dollars in thousands)

 

May 3,
2026

 

 

April 27,
2025

 

Right of use assets

 

$

2,984

 

 

$

5,908

 

Operating lease liability - current

 

 

956

 

 

 

2,394

 

Operating lease liability – long-term

 

 

1,027

 

 

 

2,535

 

Supplemental Cash Flow Information

Supplemental Cash Flow Information

 

(dollars in thousands)

2026

 

 

2025

 

 

2024

 

Operating lease liability payments

$

2,084

 

 

$

2,391

 

 

$

2,663

 

Right of use assets exchanged for lease liabilities

 

 

 

 

2,837

 

 

 

978

 

Summary of Weighted Average Remaining Lease Term and Discount Rate

As of May 3, 2026, the weighted average remaining lease term and discount rate for our operating leases follows:

 

Weighted average lease term

 

3.4 years

 

Weighted average discount rate

 

 

5.53

%

 

As of April 27, 2025, the weighted average remaining lease term and discount rate for our operating leases follows:

 

Weighted average lease term

 

2.9 years

 

Weighted average discount rate

 

 

5.55

%

Summary of Maturity of Operating Lease Liabilities

Other Information

Maturity of our operating lease liabilities for the next five fiscal years and thereafter follows:

 

(dollars in thousands)

 

Amount

 

2027

 

$

995

 

2028

 

 

388

 

2029

 

 

227

 

2030

 

 

229

 

2031

 

 

229

 

Thereafter

 

 

116

 

 

 

2,184

 

Less: interest

 

 

(201

)

Present value of lease liabilities

 

$

1,983