Income Taxes (Tables)

12 Months Ended

Apr. 28, 2017

Income Tax Disclosure [Abstract]

Deferred Tax Assets and Liabilities

Significant components of our deferred tax liabilities and assets as of April 28, 2017, and April 29, 2016, were as follows:

(in thousands)	April 28, 2017			April 29, 2016
Deferred tax assets:
Self-insurance	$	2,306		$	5,595
Stock and deferred compensation plans	14,034			12,582
Deferred proceeds on Mimi’s Café sale	—			3,564
Rebates, coupons and allowances	2,683			1,067
Inventory	2,234			2,605
Wage and related liabilities	2,511			3,426
Deferred gain from sale leaseback	769			22,306
Other	2,392			7,619
Total deferred tax assets before valuation allowances	26,929			58,764
Valuation allowance	(238		)	(246		)
Net deferred tax assets	$	26,691		$	58,518
Deferred tax liabilities:
Property, plant and equipment	$	19,988		$	28,111
Intangibles	1,217			747
Other	405			658
Total deferred tax liabilities	21,610			29,516
Net deferred tax assets (liabilities)	$	5,081		$	29,002

Provision (Benefit) for Income Taxes

Significant components of the provision (benefit) for income taxes are as follows:

(in thousands)	2017			2016		2015
Current:
Federal	$	(3,647	)	$	3,714	$	(5,679	)
State	(173		)	873		(779		)
Total current	(3,820		)	4,587		(6,458		)
Deferred:
Federal	8,364			1,704		(1,922		)
State	(670		)	148		(246		)
Total deferred	7,694			1,852		(2,168		)
Total tax provision (benefit)	$	3,874		$	6,439	$	(8,626	)

Effective Income Tax Rate Reconciliation

Our provision for income taxes differs from the amounts computed by applying the federal statutory rate due to the following:

	2017		2016		2015
Statutory federal tax rate	35.0	%	35.0	%	35.0	%
State and local income tax — net	0.9		3.9		6.8
Domestic production activity deduction	(13.5	)	(11.7	)	13.4
Fixed assets	—		—		2.2
Officers life insurance	(2.5	)	2.7		4.4
Other	(1.4	)	(1.5	)	(0.2	)
Provision for income taxes	18.5	%	28.4	%	61.6	%

Unrecognized Tax Benefits Reconciliation

The following table summarizes activity of the total amounts of unrecognized tax benefits:

(in thousands)	2017			2016			2015
Balance at beginning of fiscal year	$	4,983		$	5,202		$	5,952
Additions based on tax positions related to the current year	(23		)	306			63
Additions for tax positions of prior years	308			149			551
Reductions for tax positions of prior years	(227		)	(188		)	(284		)
Reductions due to settlements with taxing authorities	(126		)	(113		)	(672		)
Reductions due to statute of limitations expiration	(903		)	(373		)	(408		)
Balance at end of fiscal year	$	4,012		$	4,983		$	5,202