Credit Facility (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Apr. 27, 2019 |
Apr. 28, 2018 |
Apr. 29, 2017 |
|
Line of Credit Facility [Line Items] | |||
Long-term Line of Credit, Noncurrent | $ 33,500 | $ 96,400 | |
Short-term Debt | 100,000 | 100,000 | |
Proceeds from borrowings on Credit Facility | 521,200 | 674,500 | $ 312,700 |
Repayments of borrowings on Credit Facility | 584,100 | 637,700 | 153,100 |
Line of Credit Facility, Fair Value of Amount Outstanding | 133,500 | ||
Letters of Credit Outstanding, Amount | 4,759 | ||
Debt Issuance Costs, Gross | 3,395 | $ 2,912 | |
Write off of Deferred Debt Issuance Cost | $ 118 | ||
New Credit Facility | |||
Line of Credit Facility [Line Items] | |||
Credit facility maturity term, in years | 5 years | ||
Credit facility, borrowing capacity | $ 400,000 | ||
Line Of Credit Potential Increase Amount | 100,000 | ||
Long-term Line of Credit, Noncurrent | $ 33,500 | 96,400 | |
Line of Credit Facility, Interest Rate Description | Interest under the Credit Facility accrues, at our election, at a LIBOR or alternate base rate, plus, in each case, an applicable interest rate margin, which is determined by reference to the level of excess availability under the Credit Facility. Loans will initially bear interest at LIBOR plus 1.750% per annum, in the case of LIBOR borrowings, or at the alternate base rate plus 0.750% per annum, in the alternative, and thereafter the interest rate will fluctuate between LIBOR plus 1.750% per annum and LIBOR plus 1.250% per annum (or between the alternate base rate plus 0.750% per annum and the alternate base rate plus 0.250% per annum), based upon the excess availability under the Credit Facility at such time. | ||
New Credit Facility [Member] [Member] | |||
Line of Credit Facility [Line Items] | |||
Credit facility, borrowing capacity | $ 100,000 | ||
Short-term Debt | $ 100,000 | $ 100,000 | |
Line of Credit Facility, Interest Rate Description | Loans under the FILO Facility will bear interest at a rate equal to the LIBOR rate, plus 2.750%. The FILO Facility will be available solely during the draw period each year, from April 1 through July 31. We are required to borrow 100% of the aggregate commitments under the FILO Facility on April 1 of each year, and the loans must be repaid in full (including interest and fees) on July 31 of each year. The commitments under the FILO Facility were amended as part of the March 1, 2019 amendment to the Credit Facility and will decrease from $100,000 to $75,000 on August 1, 2019, from $75,000 to $50,000 on August 1, 2020 and from $50,000 to $25,000 on August 1, 2021. We will pay a commitment fee of 0.375% on the daily unused portion of the FILO Facility. | ||
Revolving Credit Facility [Member] | |||
Line of Credit Facility [Line Items] | |||
Credit facility, borrowing capacity | $ 500,000 |