Recent Accounting Pronouncements (Tables)

9 Months Ended

Jan. 26, 2019

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 operations and consolidated balance sheet as a result of the newly adopted revenue recognition standard.

	13 Weeks Ended January 26, 2019							39 Weeks Ended January 26, 2019
	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	$	1,231,348		1,239,399		(8,051	)	$	2,797,312		2,807,015		(9,703	)
Cost of sales and occupancy		833,990		833,990		—			1,946,535		1,946,535		—
Gross profit	$	397,358		405,409		(8,051	)	$	850,777		860,480		(9,703	)

	January 26, 2019
	As Reported			Balances Without Adoption of Topic 606			Impact of Adoption Increase (Decrease)
Assets
Prepaid expenses and other current assets	$	68,178			68,449			(271	)
Liabilities and Shareholders’ Equity
Accrued liabilities	$	271,623			270,516			1,107
Gift card liabilities	$	239,296			319,739			(80,443	)
Deferred taxes	$	72,147			52,044			20,103
Retained earnings	$	(156,965	)		(218,684	)		61,719