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Lease Commitments
12 Months Ended
Apr. 24, 2021
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 costs for the fiscal year ended April 24, 2021 and April 25, 2020 were $34,712 and $36,302, respectively, which include variable lease costs and short-term lease costs, which were immaterial.
The following table presents future maturities of lease liabilities:
2022$34,304 
202325,121 
202415,569 
20256,731 
20261,826 
After 20261,328 
Total lease payments84,879 
Less: imputed interest(4,309)
Present value of lease liabilities$80,570 
The following tables present other supplemental information related to leases:
Fiscal Year Ended
April 24, 2021April 25, 2020
Cash paid for amounts included in the measurement of operating lease liabilities$37,054 $37,934 
Lease assets obtained in exchange for new operating lease liabilities$50,114 $28,321 
April 24, 2021April 25, 2020
Weighted-average remaining lease term - operating leases3.06 years3.11 years
Weighted-average discount rate - operating leases3.31 %3.58 %