Participation Interest Purchase Agreement |
3 Months Ended |
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Aug. 01, 2026 | |
| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
| Participation Interest Purchase Agreement | Participation Interest Purchase Agreement During fiscal year 2026, the Company was party to a Participation Interest Purchase Agreement with Jefferies Leveraged Credit Products LLC (“Jefferies”), under which Jefferies had paid the Company $12,625 in exchange for a participation interest in proceeds from a specified litigation claim related to the Visa and Mastercard Interchange Litigation (the "Interchange Litigation"). The arrangement was non-recourse to the Company, and Jefferies' entitlement to payment was limited to litigation proceeds, if any. In February 2026, the Interchange Litigation was resolved through settlement, and all proceeds attributable to the Company's claims were distributed directly to Jefferies and its assignees. The Company received no cash proceeds. The related deferred income balance of $12,625 was recognized in earnings during the fourth quarter of fiscal year 2026 within Other income (expense), net, and the Company's obligations under the Agreement were fully discharged. No balance remains as of August 1, 2026, and there was no activity related to this arrangement during the current period.
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- References No definition available.
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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