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Leases (Tables)
 12 Months Ended
Apr. 29, 2023
Leases [Abstract]  
Schedule of Rent Expense [Table Text Block]
The following table summarizes lease expense:
52 weeks ended
April 29, 2023April 30, 2022May 1, 2021
Variable lease expense$69,570 $77,956 $69,511 
Operating lease expense135,037 114,815 108,282 
Net lease expense$204,607 $192,771 $177,793 
The increase in lease expense is primarily due to higher sales for contracts based on a percentage of revenue and the impact of the timing due to contract renewals, and the increase in minimum contractual guarantees which were temporarily eliminated in the prior years due to limited on campus store traffic resulting from the COVID-19 pandemic.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The following table summarizes our minimum fixed lease obligations, excluding variable commissions, as of April 29, 2023:
As of
April 29, 2023
Fiscal 2024$111,864 
Fiscal 202555,801 
Fiscal 202639,052 
Fiscal 202730,724 
Fiscal 202824,276 
Thereafter59,252 
Total lease payments320,969 
Less: imputed interest(36,235)
Operating lease liabilities at period end$284,734 
Schedule of Operating Lease Disclosures
The following summarizes additional information related to our operating leases:
As of
April 29, 2023April 30, 2022May 1, 2021
Weighted average remaining lease term (in years)5.3 years6.2 years5.5 years
Weighted average discount rate4.7 %4.7 %4.9 %
Supplemental cash flow information:
Cash payments for lease liabilities within operating activities$127,582 $123,037 $111,167 
ROU assets obtained in exchange for lease liabilities from initial recognition$97,926 $160,510 $123,556