Income Taxes Income Taxes (Notes)

9 Months Ended

Jan. 28, 2017

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 13. Income Taxes

We recorded an income tax expense of $758 on pre-tax income of $4,519 during the 13 weeks ended January 28, 2017, which represented an effective income tax rate of 16.8% and an income tax expense of $454 on a pre-tax loss of $(3,149) during the 13 weeks ended January 30, 2016, which represented an effective income tax rate of (14.4)%.

We recorded an income tax expense of $2,087 on pre-tax income of $7,221 during the 39 weeks ended January 28, 2017, which represented an effective income tax rate of 28.9% and an income tax expense of $4,687 on pre-tax income of $7,567 during the 39 weeks ended January 30, 2016, which represented an effective income tax rate of 61.9%.

The income tax provision for the 13 and 39 weeks ended January 28, 2017 reflects the impact of state net operating losses benefiting the company as a result of the Spin-Off partially offset by nondeductible expenses, principally nondeductible compensation expense. As compared to the 13 and 39 weeks ended January 28, 2017, the income tax provision for the 13 and 39 weeks ended January 30, 2016 also reflected the non-deductibility of certain impairment amounts referred to in Note 9.Supplementary Information - Impairment Loss (non-cash) and Restructuring Costs. Management expects nondeductible compensation expense for the current fiscal year to be significantly higher than in previous years because of limitations on deductibility of certain elements of our compensation program imposed by Section 162(m) of the Internal Revenue Code. Management expects that nondeductible compensation in future fiscal years will be lower than the current fiscal year as components of our executive compensation program are intended to qualify for deduction under Section 162(m) going forward.