XML 33 R22.htm IDEA: XBRL DOCUMENT v3.22.0.1
Long-term Debt and Finance Lease Obligations, Lines of Credit and Fair Value Disclosure - Narrative (Details)
9 Months Ended
Dec. 23, 2020
USD ($)
Jan. 31, 2022
USD ($)
store
Dec. 16, 2021
store
Apr. 30, 2021
USD ($)
Debt Instrument        
Fair value of long-term debt   $ 1,773,000,000   $ 1,391,000,000
Finance lease obligations   $ 72,176,000   14,085,000
Number of stores | store   2,431    
Current maturities of long-term debt and finance lease obligations   $ 91,695,000   2,354,000
Current obligations   22,500,000    
Estimated prepayment   $ 45,000,000    
Pilot        
Debt Instrument        
Number of stores | store   40 40  
Term Loan Facility | Line of Credit        
Debt Instrument        
Maximum borrowing capacity $ 300,000,000      
Facility fee percentage repaid quarterly   1.25%    
Fair value of amount outstanding   $ 438,750,000    
Current maturities of long-term debt and finance lease obligations   67,500,000    
Term Loan Facility | Minimum | Line of Credit        
Debt Instrument        
Facility fee percentage 0.20%      
Term Loan Facility | Minimum | Line of Credit | LIBOR        
Debt Instrument        
Basis spread on variable rate 1.55%      
Term Loan Facility | Minimum | Line of Credit | Alternate Base Rate        
Debt Instrument        
Basis spread on variable rate 0.20%      
Term Loan Facility | Maximum | Line of Credit        
Debt Instrument        
Facility fee percentage 0.40%      
Term Loan Facility | Maximum | Line of Credit | LIBOR        
Debt Instrument        
Basis spread on variable rate 2.60%      
Term Loan Facility | Maximum | Line of Credit | Alternate Base Rate        
Debt Instrument        
Basis spread on variable rate 1.60%      
New Senior Unsecured Term Lon | Line of Credit        
Debt Instrument        
Maximum borrowing capacity   150,000,000    
Unsecured Revolving Credit Facility Due January 2024 | Revolving Credit Facility        
Debt Instrument        
Maximum borrowing capacity   450,000,000    
Fair value of amount outstanding   $ 0   0
Unsecured Revolving Credit Facility Due January 2024 | Revolving Credit Facility | Alternate Base Rate        
Debt Instrument        
Effective percentage   1.00%    
Unsecured Revolving Credit Facility Due January 2024 | Revolving Credit Facility | Federal Funds        
Debt Instrument        
Effective percentage   0.50%    
Unsecured Revolving Credit Facility Due January 2024 | Minimum | Revolving Credit Facility        
Debt Instrument        
Facility fee percentage   0.20%    
Unsecured Revolving Credit Facility Due January 2024 | Minimum | Revolving Credit Facility | LIBOR        
Debt Instrument        
Basis spread on variable rate   1.05%    
Effective percentage   0.50%    
Unsecured Revolving Credit Facility Due January 2024 | Minimum | Revolving Credit Facility | Alternate Base Rate        
Debt Instrument        
Basis spread on variable rate   0.05%    
Unsecured Revolving Credit Facility Due January 2024 | Maximum | Revolving Credit Facility        
Debt Instrument        
Facility fee percentage   0.40%    
Unsecured Revolving Credit Facility Due January 2024 | Maximum | Revolving Credit Facility | LIBOR        
Debt Instrument        
Basis spread on variable rate   1.85%    
Unsecured Revolving Credit Facility Due January 2024 | Maximum | Revolving Credit Facility | Alternate Base Rate        
Debt Instrument        
Basis spread on variable rate   0.85%    
Unsecured Revolving Line of Credit | Line of Credit        
Debt Instrument        
Maximum borrowing capacity   $ 25,000,000    
Fair value of amount outstanding   $ 0   $ 0