Assets Held for Sale |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 25, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Assets Held for Sale | Note 4: Assets Held for Sale Assets and liabilities are classified as held for sale when management commits to a plan to sell a disposal group and concludes that it meets all other relevant criteria in accordance with U.S. GAAP. Assets held for sale are measured at the lower of their carrying value or fair value less costs to sell and are no longer depreciated or amortized. Any loss resulting from the measurement is recognized in the period the held for sale criteria are met while gains are not recognized until the date of sale. As of July 25, 2026, we had no assets that met the criteria to be classified as held for sale. As of April 25, 2026, the following assets and liabilities met the criteria to be classified as held for sale in connection with our plan to divest a portion of our Casegoods wholesale business:
(1)Included in accounts payable and accrued expenses and other current liabilities on our consolidated balance sheet. On May 29, 2026, we completed the sale of the remaining assets and liabilities held for sale in the Casegoods disposal group through a combination of cash and a promissory note, resulting in an immaterial impact to the consolidated financial statements. The Casegoods disposal group does not meet the requirements to be classified as discontinued operations as the disposition of a portion of this business does not represent a strategic shift that will have a material effect on the Company's operations and financial results.
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