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Leases (Tables)
12 Months Ended
Apr. 27, 2024
Leases [Abstract]  
Schedule of Rent Expense [Table Text Block]
The following table summarizes lease expense:
52 weeks ended
April 27, 2024April 29, 2023
Variable lease expense$69,550 $69,570 
Operating lease expense122,963 135,037 
Net lease expense$192,513 $204,607 
The decrease in lease expense is primarily due to lower commission rates related to the shift from physical to digital course materials, closed stores, and the impact of the timing due to contract renewals, partially offset by higher sales for contracts based on a percentage of sales.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The following table summarizes our minimum fixed lease obligations, excluding variable commissions, as of April 27, 2024:
As of
April 27, 2024
Fiscal 2025$111,590 
Fiscal 202642,360 
Fiscal 202731,060 
Fiscal 202825,875 
Fiscal 202922,821 
Thereafter37,960 
Total lease payments271,666 
Less: imputed interest(27,267)
Operating lease liabilities at period end$244,399 
Schedule of Operating Lease Disclosures
The following summarizes additional information related to our operating leases:
As of
April 27, 2024April 29, 2023
Weighted average remaining lease term (in years)4.6 years5.3 years
Weighted average discount rate4.8 %4.7 %
Supplemental cash flow information:
Cash payments for lease liabilities within operating activities$123,115 $127,582 
ROU assets obtained in exchange for lease liabilities from initial recognition$85,572 $97,926