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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
[1]
Common Shares
Capital in Excess of Par Value
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Accumulated Other Comprehensive Income (Loss)
Non-Controlling Interests
Beginning balance at Apr. 27, 2019 $ 696,976 $ 574 $ 46,955 $ 313,168 $ 325,847 $ 574 $ (3,462) $ 14,468
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 17,988       18,069     (81)
Other comprehensive income 767           281 486
Stock issued for stock and employee benefit plans, net of cancellations and withholding tax (1,417)   126 126 (1,669)      
Repurchases of shares of common stock (12,313)   (391) (3,762) (8,160)      
Stock option and restricted stock expense 1,675     1,675        
Reclassification of certain income tax effects [2] 0       547   (547)  
Dividends declared and paid (6,112)       (6,112)      
Ending balance at Jul. 27, 2019 698,138   46,690 311,207 329,096   (3,728) 14,873
Beginning balance at Apr. 27, 2019 696,976 $ 574 46,955 313,168 325,847 $ 574 (3,462) 14,468
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 40,892             230
Other comprehensive income 2,386             845
Reclassification of certain income tax effects (547)              
Ending balance at Oct. 26, 2019 710,742   46,439 314,239 336,989   (2,468) 15,543
Beginning balance at Jul. 27, 2019 698,138   46,690 311,207 329,096   (3,728) 14,873
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 22,904       22,593     311
Other comprehensive income 1,619           1,260 359
Stock issued for stock and employee benefit plans, net of cancellations and withholding tax 1,988   84 1,908 (4)      
Repurchases of shares of common stock (10,854)   (335) (1,908) (8,611)      
Stock option and restricted stock expense 3,032     3,032        
Dividends declared and paid (6,039)       (6,039)      
Dividends declared not paid (46)       (46)      
Ending balance at Oct. 26, 2019 710,742   46,439 314,239 336,989   (2,468) 15,543
Beginning balance at Apr. 25, 2020 716,306   45,857 318,215 343,633   (6,952) 15,553
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 4,679       4,798     (119)
Other comprehensive income 2,218           1,720 498
Stock issued for stock and employee benefit plans, net of cancellations and withholding tax (1,749)   132 (195) (1,686)      
Stock option and restricted stock expense 2,047     2,047        
Dividends declared and paid [3] (8,502)       5     (8,507)
Ending balance at Jul. 25, 2020 714,999   45,989 320,067 346,750   (5,232) 7,425
Beginning balance at Apr. 25, 2020 716,306   45,857 318,215 343,633   (6,952) 15,553
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 39,983             250
Other comprehensive income 3,572             577
Ending balance at Oct. 24, 2020 754,649   46,113 326,182 378,438   (3,957) 7,873
Beginning balance at Jul. 25, 2020 714,999   45,989 320,067 346,750   (5,232) 7,425
Increase (Decrease) in Stockholders' Equity                
Net income (loss) 35,304       34,935     369
Other comprehensive income 1,354           1,275 79
Stock issued for stock and employee benefit plans, net of cancellations and withholding tax 2,113   124 1,995 (6)      
Stock option and restricted stock expense 4,120     4,120        
Dividends declared and paid (3,221)       (3,221)      
Dividends declared not paid (20)       (20)      
Ending balance at Oct. 24, 2020 $ 754,649   $ 46,113 $ 326,182 $ 378,438   $ (3,957) $ 7,873
[1] Cumulative effect adjustment of deferred gains on prior sale/leaseback transactions as a result of adopting ASU 2016-02.
[2] Income tax effects of the Tax Cuts and Jobs Act are reclassified from Accumulated Other Comprehensive Income ("AOCI") to retained earnings due to the adoption of ASU 2018-02.
[3] dividends to shareholders were declared or paid during the first quarter of fiscal 2021; amount includes dividends forfeited from restricted stock awards previously granted. Non-controlling interests include dividends paid to joint venture minority partners resulting from the repatriation of dividends from our foreign earnings that we no longer consider permanently reinvested.