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Lease Commitments
12 Months Ended
Apr. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Leases Leases
We lease certain warehouses, office space, vehicles and equipment. Leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets. We recognize lease expense for these leases on a straight-line basis over the lease term. We do not separate lease and non-lease components, and instead account for each lease and non-lease component associated with that lease as a single lease component. Some leases include one or more options to renew. The exercise of renewal options is at our sole discretion. Our lease agreements do not contain significant residual value guarantees, restrictions or covenants.
Total lease costs for the fiscal year ended April 30, 2022 and April 24, 2021 were $35,646 and $34,712, respectively, which include variable lease costs and short-term lease costs, which were immaterial.
The following table presents future maturities of lease liabilities:
2023$31,165 
202421,793 
202512,650 
20266,168 
20272,941 
After 20271,222 
Total lease payments75,939 
Less: imputed interest(3,259)
Present value of lease liabilities$72,680 
The following tables present other supplemental information related to leases:
Fiscal Year Ended
April 30, 2022April 24, 2021
Cash paid for amounts included in the measurement of operating lease liabilities$38,192 $37,054 
Lease assets obtained in exchange for new operating lease liabilities$31,132 $50,114 
April 30, 2022April 24, 2021
Weighted-average remaining lease term - operating leases2.98 years3.06 years
Weighted-average discount rate - operating leases3.10 %3.31 %