Note 7 - Income Taxes (Tables)

12 Months Ended

Apr. 29, 2017

Notes Tables

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

	(In thousands)
	Fiscal		Fiscal			Fiscal
	2017		2016			2015
Current	$	54,422	$	32,806		$	24,326
Deferred		1,358		(1,299	)		1,076
Total	$	55,780	$	31,507		$	25,402

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

	(In thousands)
	2017		2016
Deferred tax assets:
Accrued expenses and other	$	4,740	$	5,655
Inventory and amortizable assets		538		538
Total deferred tax assets		5,278		6,193
Deferred tax liabilities:
Property		15,157		14,049
Intangibles and other		2,208		2,164
Total deferred tax liabilities		17,365		16,213
Net deferred tax liabilities	$	12,087	$	10,020
Current deferred tax assets – net	$	3,906	$	4,454
Noncurrent deferred tax liabilities – net	$	15,993	$	14,474

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

	Fiscal			Fiscal			Fiscal
	2017			2016			2015
Statutory federal income tax rate		35.0	%		35.0	%		35.0	%
State income taxes, net of federal benefit		2.2			2.2			2.3
Domestic manufacturing deduction benefit		(3.0	)		(3.0	)		(3.0	)
Other differences		.1			(.2	)		(.3	)
Effective income tax rate		34.3	%		34.0	%		34.0	%

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

	(In thousands)
	Fiscal			Fiscal			Fiscal
	2017			2016			2015
Beginning balance	$	1,678		$	1,801		$	2,123
Increases due to current period tax positions		150			145			122
Decreases due to lapse of statute of limitations and audit resolutions		(85	)		(268	)		(444	)
Ending balance	$	1,743		$	1,678		$	1,801