Note 7 - Income Taxes (Tables)

12 Months Ended

Apr. 28, 2018

Notes Tables

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

	(In thousands)
	Fiscal		Fiscal		Fiscal
	2018		2017		2016
Current	$	55,039	$	54,422	$	32,806
Deferred		676		1,358		(1,299	)
Total	$	55,715	$	55,780	$	31,507

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

	(In thousands)
	2018		2017
Deferred tax assets:
Accrued expenses and other	$	2,900	$	4,740
Inventory and amortizable assets		331		538
Total deferred tax assets		3,231		5,278
Deferred tax liabilities:
Property		14,858		15,157
Intangibles and other		2,875		2,208
Total deferred tax liabilities		17,733		17,365
Net deferred tax liabilities	$	14,502	$	12,087

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

	Fiscal			Fiscal			Fiscal
	2018			2017			2016
Statutory federal income tax rate		30.4	%		35.0	%		35.0	%
State income taxes, net of federal benefit		2.4			2.2			2.2
Domestic manufacturing deduction benefit		(2.4	)		(3.0	)		(3.0	)
Remeasurement of deferred taxes		(2.9	)		-			-
Other differences		(.4	)		.1			(.2	)
Effective income tax rate		27.1	%		34.3	%		34.0	%

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

	(In thousands)
	Fiscal			Fiscal			Fiscal
	2018			2017			2016
Beginning balance	$	1,743		$	1,678		$	1,801
Increases due to current period tax positions		204			150			145
Decreases due to lapse of statute of limitations and audit resolutions		(214	)		(85	)		(268	)
Ending balance	$	1,733		$	1,743		$	1,678