Income Taxes Income Taxes (Notes)

9 Months Ended

Jan. 28, 2023

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 12. Income Taxes

We recorded an income tax expense of $267 on pre-tax loss of $(24,782) during the 13 weeks ended January 28, 2023, which represented an effective income tax rate of (1.1)% and an income tax expense of $615 on pre-tax loss of $(36,186) during the 13 weeks ended January 29, 20221, which represented an effective income tax rate of (1.7)%.

We recorded an income tax expense of $900 on pre-tax loss of $(54,712) during the 39 weeks ended January 28, 2023, which represented an effective income tax rate of (1.6)% and an income tax expense of $811 on pre-tax loss of $(57,090) during the 39 weeks ended January 29, 2022, which represented an effective income tax rate of (1.4)%.

In assessing the realizability of the deferred tax assets, management considered whether it is more likely than not that some or all of the deferred tax assets would be realized. As of January 28, 2023, we determined that it was more likely than not that we would not realize all deferred tax assets and our tax rate for the current fiscal year reflects this determination. We will continue to evaluate this position.

The effective tax rate for the 13 weeks ended January 28, 2023 is higher as compared to the prior year comparable period due to state tax adjustments recorded in the prior year. The effective tax rate for the 39 weeks ended January 28, 2023 is lower as compared to the prior year comparable period due to foreign taxes and lower projected annual taxable loss in the current year.