Leases (Tables)

12 Months Ended

May 01, 2021

Leases [Abstract]

Lease Costs

The components of lease expense were as follows:

	Fiscal Year Ended
	May 1, 2021		May 2, 2020
(in millions)	(52 Weeks)		(53 Weeks)
Lease cost:
Operating lease cost	$	8.4	$	9.0
Variable lease cost		1.6		1.3
Total lease cost	$	10.0	$	10.3

Supplemental Cash Flow

Supplemental cash flow and other information related to operating leases was as follows:

	Fiscal Year Ended
	May 1, 2021			May 2, 2020
(in millions)	(52 Weeks)			(53 Weeks)
Operating cash flows:
Cash paid related to operating lease obligations	$	9.3		$	8.7
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations	$	5.7		$	5.5
Weighted-average remaining lease term	5.0 years			5.7 years
Weighted-average discount rate		4.6	%		4.7	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of May 1, 2021, are shown below:

(in millions)
Fiscal Year:
2022	$	6.9
2023		6.0
2024		4.5
2025		3.0
2026		2.3
Thereafter		3.9
Total lease payments		26.6
Less: imputed interest		(3.0	)
Present value of lease liabilities	$	23.6