Credit Facility (Notes)	3 Months Ended
Jul. 27, 2019
Credit Facility	Note 9. Credit Facility We have a credit agreement (the “Credit Agreement”), amended March 1, 2019, under which the lenders committed to provide us with a 5-year asset-backed revolving credit facility in an aggregate committed principal amount of $400,000 (the “Credit Facility”). We have the option to request an increase in commitments under the Credit Facility of up to $100,000, subject to certain restrictions. Proceeds from the Credit Facility are used for general corporate purposes, including seasonal working capital needs. The agreement includes an incremental first in, last out seasonal loan facility (the “FILO Facility”) for a $100,000 incremental facility maintaining the maximum availability under the Credit Agreement at $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 27, 2019. During the 13 weeks ended July 27, 2019, we borrowed $120,300 and repaid $79,700 under the Credit Agreement. The net total outstanding borrowings of $174,100 as of July 27, 2019 is comprised of $74,100 and $100,000 of outstanding borrowings under the Credit Facility and FILO Facility, respectively. During the 13 weeks ended July 28, 2018, we borrowed $96,300 and repaid $62,500 under the Credit Agreement. The net total outstanding borrowings of $230,200 as of July 28, 2018 is comprised of $130,200 and $100,000 of outstanding borrowings under the Credit Facility and FILO Facility, respectively. As of both July 27, 2019 and July 28, 2018, we have issued $4,759 in letters of credit under the Credit Facility.

Credit Facility (Notes)

3 Months Ended

Jul. 27, 2019

Note 9. Credit Facility

We have a credit agreement (the “Credit Agreement”), amended March 1, 2019, under which the lenders committed to provide us with a 5-year asset-backed revolving credit facility in an aggregate committed principal amount of $400,000 (the “Credit Facility”). We have the option to request an increase in commitments under the Credit Facility of up to $100,000, subject to certain restrictions. Proceeds from the Credit Facility are used for general corporate purposes, including seasonal working capital needs. The agreement includes an incremental first in, last out seasonal loan facility (the “FILO Facility”) for a $100,000 incremental facility maintaining the maximum availability under the Credit Agreement at $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 27, 2019.

During the 13 weeks ended July 27, 2019, we borrowed $120,300 and repaid $79,700 under the Credit Agreement. The net total outstanding borrowings of $174,100 as of July 27, 2019 is comprised of $74,100 and $100,000 of outstanding borrowings under the Credit Facility and FILO Facility, respectively. During the 13 weeks ended July 28, 2018, we borrowed $96,300 and repaid $62,500 under the Credit Agreement. The net total outstanding borrowings of $230,200 as of July 28, 2018 is comprised of $130,200 and $100,000 of outstanding borrowings under the Credit Facility and FILO Facility, respectively. As of both July 27, 2019 and July 28, 2018, we have issued $4,759 in letters of credit under the Credit Facility.