Lease Commitments

12 Months Ended

Apr. 25, 2020

Commitments and Contingencies Disclosure [Abstract]

Leases

Leases

We lease certain warehouses, office space, vehicles and equipment. Leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets. We recognize lease expense for these leases on a straight-line basis over the lease term. We do not separate lease and non-lease components, and instead account for each lease and non-lease component associated with that lease as a single lease component. Some leases include one or more options to renew. The exercise of renewal options is at our sole discretion. Our lease agreements do not contain significant residual value guarantees, restrictions or covenants.

Total lease cost for the fiscal year ended April 25, 2020 was $36,302 which includes variable lease costs and short-term lease costs, which are immaterial.

The following table presents future maturities of lease liabilities:

2021	$	33,195
2022	26,062
2023	15,648
2024	7,181
2025	1,956
After 2025	877
Total lease payments	84,919
Less: imputed interest	(4,359)
Present value of lease liabilities	$	80,560

The following tables present other supplemental information related to leases:

	Fiscal Year Ended
	April 25, 2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	37,934
Lease assets obtained in exchange for new operating lease liabilities	$	28,321
	April 25, 2020
Weighted-average remaining lease term - operating leases	3.11 years
Weighted-average discount rate - operating leases	3.58		%