Note 8 - Income Taxes (Tables)

12 Months Ended

Apr. 29, 2023

Notes Tables

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

	(In thousands)
	Fiscal			Fiscal		Fiscal
	2023			2022		2021
Current	$	48,287		$	42,555	$	51,520
Deferred		(4,009	)		6,529		2,471
Total	$	44,278		$	49,084	$	53,991

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

	(In thousands)
	2023		2022
Deferred tax assets:
Accrued expenses and other	$	4,671	$	3,306
Inventory and amortizable assets		545		325
Total deferred tax assets		5,216		3,631
Deferred tax liabilities:
Property		23,715		23,863
Intangibles and other		1,315		3,591
Total deferred tax liabilities		25,030		27,454
Net deferred tax liabilities	$	19,814	$	23,823

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

	Fiscal			Fiscal			Fiscal
	2023			2022			2021
Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal benefit		2.9			2.9			2.9
Other differences		( .2	)		(.3	)		(.2	)
Effective income tax rate		23.7	%		23.6	%		23.7	%

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

	(In thousands)
	2023			2022			2021
Beginning balance	$	2,079		$	2,055		$	1,974
Increases due to current period tax positions		75			114			150
Decreases due to lapse of statute of limitations and audit resolutions		(58	)		(90	)		(69	)
Ending balance	$	2,096		$	2,079		$	2,055