Operating Leases

12 Months Ended

Apr. 27, 2013

Note 10: Operating Leases

We have operating leases for one manufacturing facility, executive and sales offices, warehouses, showrooms and retail facilities, as well as for transportation, information technology and other equipment. The operating leases expire at various dates through fiscal 2027. We have certain retail facilities which we sublease to outside parties. The total rent liability included in our consolidated balance sheet as of April 27, 2013, and April 28, 2012, was $11.7 million and $10.7 million, respectively.

The future minimum rentals for all non-cancelable operating leases and future rental income from subleases are as follows (for the fiscal years):

(Amounts in thousands)	Future Minimum Rentals		Future Minimum Income
2014	$	46,562	$	3,651
2015		46,428		3,669
2016		41,962		3,772
2017		39,281		3,664
2018		36,342		3,634
2019 and beyond		108,616		13,614
Total	$	319,191	$	32,004

Rental expense and rental income for operating leases were as follows (for the fiscal years ended):

(Amounts in thousands)	4/27/2013		4/28/2012		4/30/2011
Rental expense	$	48,265	$	48,544	$	50,318
Rental income		4,946		4,509		3,369

- Definition

The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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