Income Taxes Income Taxes (Tables)

12 Months Ended

Apr. 30, 2016

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax provisions (benefits) for Fiscal 2016, Fiscal 2015 and Fiscal 2014 are as follows:



	Fiscal 2016			Fiscal 2015			Fiscal 2014
Current:
Federal	$	13,019		$	22,061		$	27,574
State	1,783			3,489			5,222
Total current	14,802			25,550			32,796
Deferred:
Federal	(9,922		)	(10,247		)	(8,493		)
State	(2,213		)	(1,085		)	(1,469		)
Total deferred	(12,135		)	(11,332		)	(9,962		)
Total	$	2,667		$	14,218		$	22,834

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Reconciliation between the effective income tax rate and the federal statutory income tax rate is as follows:



	Fiscal 2016		Fiscal 2015		Fiscal 2014
Federal statutory income tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of federal income tax benefit	(15.2	)	4.7		4.3
Valuation allowances	50.6		—		—
Permanent book / tax differences	31.1		—		—
Other, net	(4.6	)	2.9		0.1
Effective income tax rate	96.9	%	42.6	%	39.4	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

We account for income taxes using the asset and liability method. Deferred taxes are recorded based on differences between the financial statement basis and tax basis of assets and liabilities and available tax loss and credit carryforwards.

The significant components of our deferred taxes consisted of the following:



	As of
	April 30, 2016			May 2, 2015
Deferred tax assets:
Estimated accrued liabilities	$	13,859		$	13,241
Inventory	12,926			12,941
Stock-based compensation	1,648			1,351
Insurance liability	1,050			921
Lease transactions	2,138			1,580
Property and equipment	6,802			4,075
Tax credits	112			—
Net operating losses	3,477			—
Other	1,499			840
Gross deferred tax assets	43,511			34,949
Valuation allowance	(1,394		)	—
Net deferred tax assets	42,117			34,949
Deferred tax liabilities:
Intangible asset amortization	(71,982		)	(76,682		)
Depreciation	—			—
Gross deferred tax liabilities	(71,982		)	(76,682		)
Net deferred tax liabilities	$	(29,865	)	$	(41,733	)

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



Balance at April 27, 2013	$	96
Additions for tax positions of the current period	84
Additions for tax positions of prior periods	—
Reductions due to settlements	—
Other reductions for tax positions of prior periods	—
Balance at May 3, 2014	$	180
Additions for tax positions of the current period	35
Additions for tax positions of prior periods	—
Reductions due to settlements	—
Other reductions for tax positions of prior periods	—
Balance at May 2, 2015	$	215
Additions for tax positions of the current period	21
Additions for tax positions of prior periods	—
Reductions due to settlements	—
Other reductions for tax positions of prior periods	(215		)
Balance at April 30, 2016	$	21