Related Party Transactions

3 Months Ended

Jul. 27, 2024

Related Party Transactions [Abstract]

Related Party Transactions

Note 14. Related Party Transactions

The Company’s Interim Chief Financial Officer, David Rawden, is a director of AlixPartners, LLP (“AlixPartners”), a business advisory firm that currently provides a number of consulting services to the Company. The Company’s former Interim Chief Executive Officer, Kevin Nystrom, is a partner and managing director of AlixPartners. In the three months ended July 27, 2024, the Company recognized $3.5 million of expense for consulting services provided by AlixPartners. As of July 27, 2024 and April 27, 2024, $1.8 million and $1.4 million, respectively, was payable to AlixPartners which is reflected in other accrued liabilities on the condensed consolidated balance sheets.