Leases, Commitments and Contingencies (Tables)

12 Months Ended

Apr. 28, 2024

Leases and Commitments and Contingencies Disclosure [Abstract]

Summary of right of use assets and lease liabilities

The right of use assets and lease liabilities associated with our operating leases as of April 28, 2024, and April 30, 2023, are as follows:

(dollars in thousands)	April 28, 2024		April 30, 2023
Right of use assets	$	6,203	$	8,191
Operating lease liability - current		2,061		2,640
Operating lease liability – noncurrent		2,422		3,612

Supplemental Cash Flow Information

Supplemental Cash Flow Information

(dollars in thousands)	2024		2023		2022
Operating lease liability payments	$	2,663	$	2,497	$	2,954
Right of use assets exchanged for lease liabilities		978		731		3,762

Summary of weighted average remaining lease term and discount rate

As of April 28, 2024, the weighted average remaining lease term and discount rate for our operating leases follows:

Weighted average lease term	3.77 years
Weighted average discount rate		3.71	%

As of April 30, 2023, the weighted average remaining lease term and discount rate for our operating leases follows:

Weighted average lease term	3.87 years
Weighted average discount rate		3.58	%

Leases-Other Information

Other Information

Maturity of our operating lease liabilities for the next five fiscal years and thereafter follows:

(dollars in thousands)	Amount
2025	$	2,125
2026		945
2027		608
2028		225
2029		227
Thereafter		577
		4,707
Less: interest		(224	)
Present value of lease liabilities	$	4,483