Note 7 - Income Taxes (Tables)

12 Months Ended

May. 02, 2015

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	(In thousands)
	Fiscal		Fiscal		Fiscal
	2015		2014		2013
Current	$	24,326	$	19,395	$	23,359
Deferred		1,076		79		172
Total	$	25,402	$	19,474	$	23,531

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	(In thousands)
	2015		2014
Deferred tax assets:
Accrued expenses and other	$	5,281	$	4,126
Inventory and amortizable assets		417		400
Total deferred tax assets		5,698		4,526
Deferred tax liabilities:
Property		16,497		15,616
Intangibles and other		98		98
Total deferred tax liabilities		16,595		15,714
Net deferred tax liabilities	$	10,897	$	11,188
Current deferred tax assets – net	$	4,348	$	2,685
Noncurrent deferred tax liabilities – net	$	15,245	$	13,873

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal			Fiscal			Fiscal
	2015			2014			2013
Statutory federal income tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit		2.3			2.3			1.6
Manufacturing deduction benefit		(3.0	)		(3.0	)		(3.1	)
Adjustment of unrecognized tax benefit		(.2	)		(3.3	)		(.2	)
Other differences		(.1	)		(.1	)		.1
Effective income tax rate		34.0	%		30.9	%		33.4	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	(In thousands)
	Fiscal			Fiscal			Fiscal
	2015			2014			2013
Beginning balance	$	2,123		$	4,349		$	4,548
Increases due to current period tax positions		122			268			415
Decreases due to lapse of statute of limitations and audit resolutions		(444	)		(2,494	)*		(614	)
Ending balance	$	1,801		$	2,123		$	4,349