Credit Facility (Notes)	9 Months Ended
Jan. 26, 2019
Credit Facility	Note 9. Credit Facility On August 3, 2015, we and certain of our subsidiaries, entered into a credit agreement (the “Credit Agreement”) under which the lenders committed to provide a five-year asset-backed revolving credit facility in an aggregate committed principal amount of $400,000 (the “Credit Facility”). The Company has the option to request an increase in commitments under the Credit Facility of up to $100,000 subject to certain restrictions. On February 27, 2017, in connection with the acquisition of MBS, we amended the Credit Agreement with our current lenders to add a new $100,000 incremental first in, last out seasonal loan facility (the “FILO Facility”) increasing the maximum availability under the Credit Agreement to $500,000. For additional information including interest terms and covenant requirements related to the Credit Facility, refer to Part II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity in our Annual Report on Form 10-K for the year ended April 28, 2018. On March 1, 2019, we entered an agreement to amend and extend the existing Credit Agreement, along with the FILO Facility, for similar amounts with favorable pricing terms, for a five year period. For additional information, see Note 15. Subsequent Event. During the 39 weeks ended January 26, 2019, we borrowed $374,000 and repaid $500,300 under the Credit Agreement. There were $70,100 and $0 outstanding borrowings under the Credit Facility and FILO Facility as of January 26, 2019, respectively. As of January 26, 2019, we have issued $4,759 in letters of credit under the Credit Facility. During the 39 weeks ended January 27, 2018, we borrowed $481,600 and repaid $528,200 under the Credit Agreement. The net total outstanding borrowings of $113,000 as of January 27, 2018 is comprised of outstanding borrowings of $113,000 and $0 under the Credit Facility and FILO Facility, respectively.

Credit Facility (Notes)

9 Months Ended

Jan. 26, 2019

Note 9. Credit Facility

On August 3, 2015, we and certain of our subsidiaries, entered into a credit agreement (the “Credit Agreement”) under which the lenders committed to provide a five-year asset-backed revolving credit facility in an aggregate committed principal amount of $400,000 (the “Credit Facility”). The Company has the option to request an increase in commitments under the Credit Facility of up to $100,000 subject to certain restrictions.

On February 27, 2017, in connection with the acquisition of MBS, we amended the Credit Agreement with our current lenders to add a new $100,000 incremental first in, last out seasonal loan facility (the “FILO Facility”) increasing the maximum availability under the Credit Agreement to $500,000.

For additional information including interest terms and covenant requirements related to the Credit Facility, refer to Part II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity in our Annual Report on Form 10-K for the year ended April 28, 2018.

On March 1, 2019, we entered an agreement to amend and extend the existing Credit Agreement, along with the FILO Facility, for similar amounts with favorable pricing terms, for a five year period. For additional information, see Note 15. Subsequent Event.

During the 39 weeks ended January 26, 2019, we borrowed $374,000 and repaid $500,300 under the Credit Agreement. There were $70,100 and $0 outstanding borrowings under the Credit Facility and FILO Facility as of January 26, 2019, respectively. As of January 26, 2019, we have issued $4,759 in letters of credit under the Credit Facility. During the 39 weeks ended January 27, 2018, we borrowed $481,600 and repaid $528,200 under the Credit Agreement. The net total outstanding borrowings of $113,000 as of January 27, 2018 is comprised of outstanding borrowings of $113,000 and $0 under the Credit Facility and FILO Facility, respectively.