Note 7 - Income Taxes (Tables)

12 Months Ended

Apr. 27, 2019

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	(In thousands)
	Fiscal		Fiscal		Fiscal
	2019		2018		2017
Current	$	39,673	$	55,039	$	54,422
Deferred		3,351		676		1,358
Total	$	43,024	$	55,715	$	55,780

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	(In thousands)
	2019		2018
Deferred tax assets:
Accrued expenses and other	$	3,705	$	2,900
Inventory and amortizable assets		265		331
Total deferred tax assets		3,970		3,231
Deferred tax liabilities:
Property		18,505		14,858
Intangibles and other		1,452		2,875
Total deferred tax liabilities		19,957		17,733
Net deferred tax liabilities	$	15,987	$	14,502

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal			Fiscal			Fiscal
	2019			2018			2017
Statutory federal income tax rate		21.0	%		30.4	%		35.0	%
State income taxes, net of federal benefit		2.9			2.4			2.2
Domestic manufacturing deduction benefit		-			(2.4	)		(3.0	)
Remeasurement of deferred taxes		-			(2.9	)		-
Other differences		(.5	)		(.4	)		.1
Effective income tax rate		23.4	%		27.1	%		34.3	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	(In thousands)
	Fiscal			Fiscal			Fiscal
	2019			2018			2017
Beginning balance	$	1,733		$	1,743		$	1,678
Increases due to current period tax positions		139			204			150
Decreases due to lapse of statute of limitations and audit resolutions		(4	)		(214	)		(85	)
Ending balance	$	1,868		$	1,733		$	1,743