Derivative Financial Instruments (Tables)

12 Months Ended

Apr. 29, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments Included in Consolidated Balance Sheets

The following presents the fair value of derivative instruments included in the consolidated balance sheets:

Derivative type	Classification	April 29, 2023		April 30, 2022
Assets:
Interest rate contracts	Prepaid expenses and other current assets	$	5,875	$	3,875
Interest rate contracts	Other non-current assets	23,210		19,871
Total asset derivatives		$	29,085	$	23,746
Liabilities:
Interest rate contracts	Other accrued liabilities	$	267	$	250
Interest rate contracts	Other non-current liabilities	12,993		10,013
Total liability derivatives		$	13,260	$	10,263

Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Consolidated Statements of Income and Other Comprehensive Income

The following tables present the pre-tax effect of derivative instruments on the consolidated statements of operations and other comprehensive income:

		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)
		Fiscal Year Ended
Derivatives in cash flow hedging relationships	Statements of operations location	April 29, 2023		April 30, 2022		April 24, 2021
Interest rate contracts	Interest expense	$	(1,363)	$	(1,363)	$	(1,363)

		Amount of Gain (Loss) Recognized in Income on Derivatives
		Fiscal Year Ended
Derivatives not designated as hedging instruments	Statements of operations location	April 29, 2023		April 30, 2022		April 24, 2021
Interest rate contracts	Other income, net	$	9,968	$	15,835	$	1,151