Recent Accounting Pronouncements (Tables)

6 Months Ended

Oct. 27, 2018

Summary of Impact of Adoption of New Accounting Pronouncements on Company's Statement of Earnings and Balance Sheets

The below tables set forth the adjustments to the Company’s consolidated statement of earnings and consolidated balance sheet as a result of the newly adopted revenue recognition standard.

	13 Weeks Ended October 27, 2018							26 Weeks Ended October 27, 2018
	As Reported		Balances Without Adoption of Topic 606		Impact of Adoption Increase (Decrease)			As Reported		Balances Without Adoption of Topic 606		Impact of Adoption Increase (Decrease)
Sales	$	771,188		772,434		(1,246	)	$	1,565,964		1,567,616		(1,652	)
Cost of sales and occupancy		545,841		545,841		—			1,112,545		1,112,545		—
Gross profit	$	225,347		226,593		(1,246	)	$	453,419		455,071		(1,652	)

	October 27, 2018
	As Reported			Balances Without Adoption of Topic 606			Impact of Adoption Increase (Decrease)
Assets
Prepaid expenses and other current assets	$	77,938			77,615			323
Liabilities and Shareholders’ Equity
Accrued liabilities	$	267,479			266,868			611
Gift card liabilities	$	214,352			302,846			(88,494	)
Deferred taxes	$	72,147			52,044			20,103
Retained earnings	$	(212,684	)		(281,363	)		68,679