Income Taxes Income Taxes (Tables)

12 Months Ended

Apr. 27, 2019

Income Tax Disclosure [Abstract]

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

Income tax (benefits) provisions for Fiscal 2019, Fiscal 2018 and Fiscal 2017 are as follows:

	Fiscal 2019			Fiscal 2018			Fiscal 2017
Current:
Federal (a)	$	(6,494	)	$	(8,089	)	$	14,872
State	(2,035		)	2,410			1,819
Total Current	(8,529		)	(5,679		)	16,691
Deferred:
Federal (a)	(3,681		)	(13,250		)	(9,238		)
State	(850		)	(1,514		)	(2,723		)
Total Deferred	(4,531		)	(14,764		)	(11,961		)
Total	$	(13,060	)	$	(20,443	)	$	4,730

(a) For Fiscal 2018, the income tax benefit was caused largely by the revaluation due to the change in the U.S. corporate income tax rate from 35% to 21% as described above.

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 2019		Fiscal 2018		Fiscal 2017
Federal statutory income tax rate (a)	21.0	%	34.1	%	35.0	%
State income taxes, net of federal income tax benefit	6.3		(0.3	)	(5.8	)
Permanent book / tax differences	(3.9	)	(0.7	)	25.5
Goodwill impairment	—		(34.2	)	—
Provisional remeasurement due to Tax Legislation	10.4		7.5		—
Credits	0.3		0.2		(5.5	)
Other, net	0.8		0.9		(2.3	)
Effective income tax rate	34.9	%	7.5	%	46.9	%

(a) Due to the Act, we applied a U.S. statutory federal income tax rate of 33.9% for earnings between April 30, 2017 and January 27, 2018, and 21% for earnings between January 28, 2018 and April 28, 2018. The result is an effective statutory rate of 34.1% for Fiscal 2018.

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

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

	As of
	April 27, 2019			April 28, 2018
Deferred tax assets:
Estimated accrued liabilities	$	10,972		$	9,375
Inventory	2,969			8,256
Stock-based compensation	1,738			1,374
Insurance liability	518			474
Lease transactions	982			1,095
Property and equipment	—			2,803
Tax credits	402			220
Goodwill	19,903			9,105
Net operating losses	4,928			5,834
Other	8,253			4,356
Gross deferred tax assets	50,665			42,892
Valuation allowance	(1,194		)	(932		)
Net deferred tax assets	49,471			41,960
Deferred tax liabilities:
Intangible asset amortization	(40,790		)	(44,066		)
Property and equipment	(6,256		)	—
Gross deferred tax liabilities	(47,046		)	(44,066		)
Net deferred tax asset (liabilities)	$	2,425		$	(2,106	)

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 30, 2016	$	21
Additions for tax positions of the current period	40
Additions for tax positions of prior periods	25
Reductions due to settlements	—
Other reductions for tax positions of prior periods	—
Balance at April 29, 2017	$	86
Additions for tax positions of the current period	25
Additions for tax positions of prior periods	2
Reductions due to settlements	—
Other reductions for tax positions of prior periods	(16		)
Balance at April 28, 2018	$	97
Additions for tax positions of the current period	—
Additions for tax positions of prior periods	—
Reductions due to settlements	—
Other reductions for tax positions of prior periods	(6		)
Balance at April 27, 2019	$	91