Employee Benefits (Tables)

12 Months Ended

Apr. 24, 2021

Retirement Benefits [Abstract]

Schedule of Total Costs Associated with Plans

The table below summarizes the total costs associated with our employee retirement and welfare plans.

	Fiscal Year Ended
	(52 weeks)		(52 weeks)		(52 weeks)
(Amounts in thousands)	4/24/2021		4/25/2020		4/27/2019
401(k) Retirement Plan	$	7,313	$	9,380	$	9,128
Performance Compensation Retirement Plan	3,810		1,115		3,084
Deferred Compensation Plan	24		719		284
Non-Qualified Defined Benefit Retirement Plan (1)	803		796		805
Net Periodic Pension Cost (2)	—		—		35,998

(1)Primarily related to interest cost.

(2)Refer below for breakdown of net periodic pension cost.

Schedule of Further Information Related to Plans

Further information related to the plan is as follows:

(Amounts in thousands)	4/24/2021		4/25/2020
Short-term obligation included in other current liabilities	$	716	$	638
Long-term obligation included in other long-term liabilities	15,194		12,492

Further information related to the plan is as follows:

(Amounts in thousands)	4/24/2021		4/25/2020
Plan obligation included in other long-term liabilities	$	26,548	$	22,282
Cash surrender value on life insurance contracts included in other long-term assets (1)	41,133		34,562
Mutual funds held by plan included in other current assets (2)	10		76

(1)Life insurance contracts are related to the Executive Deferred Compensation Plan and the PCRP.

(2)Mutual funds are considered trading securities.

Further information related to the plan is as follows:

(Amounts in thousands)	4/24/2021			4/25/2020
Plan obligation included in long-term liabilities	$	15,783		$	16,846
Discount rate used to determine obligation	3.0		%	2.8		%

	Fiscal Year Ended
	(52 weeks)		(52 weeks)		(52 weeks)
(Amounts in thousands)	4/24/2021		4/25/2020		4/27/2019
Actuarial loss recognized in AOCI	$	347	$	218	$	190
Benefit payments (1)	1,091		1,091		1,091

(1)Benefit payments are scheduled to be between $1.0 million and $1.1 million annually for the next 10 years.

Schedule of Net Periodic Pension Costs

For the fiscal year ended April 27, 2019, net periodic pension costs were as follows:

	Fiscal Year Ended
	(52 weeks)
(Amounts in thousands)	4/27/2019
Service cost	$	851
Interest cost	4,464
Expected return on plan assets	(4,544)
Net amortization	2,556
Pension termination charge	32,671
Net periodic pension cost	$	35,998