Barnes & Noble Education (BNED) 10-Q 8 Mar 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 29, 2022	Mar. 03, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 29, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Shell Company	false
Entity Registrant Name	BARNES & NOBLE EDUCATION, INC.
Entity Central Index Key	0001634117
Current Fiscal Year End Date	--04-30
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		52,045,951
Document Quarterly Report	true
Trading Symbol	BNED
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock, $0.01 par value per share
Document Transition Report	false
Entity File Number	1-37499
Local Phone Number	991-2665
City Area Code	(908)
Entity Address, Postal Zip Code	07920
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-0599018
Entity Address, State or Province	NJ
Entity Address, City or Town	Basking Ridge,
Entity Address, Address Line One	120 Mountain View Blvd.,
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021
Sales:
Product sales and other	$ 377,713	$ 373,502	$ 1,182,812	$ 1,118,544
Rental income	25,085	38,111	87,757	92,568
Total sales	402,798	411,613	1,270,569	1,211,112
bned_Cost of Product and Other Cost of Sales	297,693	315,607	924,924	933,847
Rental cost of sales	18,144	25,394	53,096	60,506
Cost of Goods and Services Sold	315,837	341,001	978,020	994,353
Gross profit	86,961	70,612	292,549	216,759
Selling and administrative expenses	101,460	92,708	295,597	254,723
Depreciation and amortization expense	12,179	13,307	36,755	40,563
Restructuring and other charges	46	1,669	3,785	10,727
Operating (loss) income	(33,135)	(64,702)	(49,999)	(116,884)
Interest expense, net	3,051	2,311	7,809	5,876
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	(36,186)	(67,013)	(57,808)	(122,760)
Income tax expense (benefit)	615	(18,724)	811	(35,334)
Net (loss) income	$ (36,801)	$ (48,289)	$ (58,619)	$ (87,426)
(Loss) Earnings per share of common stock
Basic	$ (0.71)	$ (0.96)	$ (1.13)	$ (1.78)
Diluted	$ (0.71)	$ (0.96)	$ (1.13)	$ (1.78)
Weighted average common shares outstanding
Diluted	52,003	50,082	51,714	49,099

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Thousands	Jan. 29, 2022	May 01, 2021	Jan. 30, 2021
Current assets:
Cash and cash equivalents	$ 9,967	$ 8,024	$ 9,915
Receivables, net	250,187	121,072	227,174
Merchandise inventories, net	403,646	281,112	452,611
Textbook rental inventories	40,976	28,692	40,720
Prepaid expenses and other current assets	60,615	61,933	25,281
Total current assets	765,391	500,833	755,701
Net property and equipment	93,752	89,172	87,405
Operating Lease, Right-of-Use Asset	229,259	240,456	242,937
Intangible assets, net	133,975	150,904	155,536
Goodwill	4,700	4,700	4,700
Deferred Tax Assets, Tax Deferred Expense	22,918	23,248	14,984
Other noncurrent assets	24,040	29,105	27,195
Total assets	1,274,035	1,038,418	1,288,458
Current liabilities:
Accounts payable	359,743	137,578	318,795
Accrued liabilities	150,754	92,871	125,815
Operating Lease, Liability, Current	100,773	92,513	105,624
Short-term Debt	0	50,000	0
Total current liabilities	611,270	372,962	550,234
Operating Lease, Liability, Noncurrent	168,924	184,780	190,453
Other long-term liabilities	48,676	52,042	52,814
Long-term Line of Credit, Noncurrent	200,400	127,600	150,800
Liabilities	1,029,270	737,384	944,301
Commitments and contingencies	0	0	0
Preferred Stock, Value, Issued	0	0	0
Common Stock, Value, Outstanding	542	533	533
Additional Paid in Capital	738,968	734,257	733,019
Retained Earnings (Accumulated Deficit)	(473,233)	(414,614)	(370,253)
Treasury Stock, Value	(21,512)	(19,142)	(19,142)
Total Equity	244,765	301,034	344,157
Total liabilities and Parent Company equity	$ 1,274,035	$ 1,038,418	$ 1,288,458
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	5,000	5,000	5,000
Preferred Stock, Shares Issued	0	0	0
Preferred Stock, Shares Outstanding	0	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01	$ 0.01
Common Stock, Shares Authorized	200,000	200,000	200,000
Common Stock, Shares, Issued	54,234	53,327	53,327
Common Stock, Shares, Outstanding	52,046	51,379	51,379

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021
Net Income (Loss) Attributable to Parent	$ (58,619)	$ (87,426)
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization expense	36,755	40,563
Content Amortization	3,984	3,700
Amortization of Debt Issuance Costs	1,087	811
COGS Inventory Loss and Markdown	434	0
Deferred Income Tax Expense (Benefit)	330	(7,179)
Share-based Compensation	4,463	3,857
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net	260	10,878
Increase (Decrease) in Operating Liabilities	1,808	11,937
Net Cash Provided by (Used in) Operating Activities	7,901	41,173
Cash flows from investing activities:
Purchases of property and equipment	(33,393)	(25,910)
Increase (Decrease) in Other Noncurrent Assets	734	335
Net cash flows used in investing activities	(32,659)	(25,575)
Cash flows from financing activities:
Proceeds from borrowings on Credit Facility	463,220	547,600
Repayments of borrowings on Credit Facility	(440,420)	(571,500)
Proceeds from Sale of Treasury Stock	0	(10,869)
Payments for Repurchase of Common Stock	(2,370)	(894)
Proceeds from Stock Options Exercised	256	0
Net cash flows used in financing activities	20,686	(13,925)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(4,072)	1,673
Changes in other operating assets and liabilities, net:
Receivables, net	(129,115)	(136,323)
Merchandise inventories	(122,968)	(23,672)
Textbook rental inventories	(12,284)	(10)
Prepaid expenses and other current assets	(4,697)	(9,104)
Accounts payable and accrued liabilities	280,052	205,511
Changes in other operating assets and liabilities, net	(10,988)	(36,402)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	16,814	9,008
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	12,742	10,681
Other Nonrecurring Expense	$ 6,411	$ 27,630

Consolidated Statement of Equit

Consolidated Statement of Equity Statement - USD ($) $ in Thousands	Total	Additional Paid-in Capital [Member]	Common Stock [Member]	Treasury Stock [Member]	Retained Earnings
Common Stock, Shares, Issued			52,140,000
Treasury Stock, Shares				3,842,000
Total Equity	$ 417,751	$ 732,958	$ 521	$ 32,901	$ (282,827)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			514,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	(5)	$ 5
Stock-based compensation expense	1,521	1,521
Shares repurchased for tax withholdings for vested stock awards				179,000
Treasury Stock, Value, Acquired, Cost Method				$ 342
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation	(342)
Net Income (Loss) Attributable to Parent	(46,652)
Net Income (Loss) Attributable to Parent	$ (87,426)
Stock Issued During Period, Shares, Treasury Stock Reissued	(2,307,692)
Proceeds from Sale of Treasury Stock	$ (10,869)
Common Stock, Shares, Issued			52,654,000
Treasury Stock, Shares				4,021,000
Total Equity	372,278	734,474	$ 526	$ 33,243	(329,479)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			662,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	(7)	$ 7
Stock-based compensation expense	1,180	1,180
Shares repurchased for tax withholdings for vested stock awards				231,000
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation	(539)			$ (539)
Net Income (Loss) Attributable to Parent	7,515
Common Stock, Shares, Issued			53,316,000
Treasury Stock, Shares				4,252,000
Total Equity	380,434	735,647	$ 533	$ 33,782	(321,964)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			11,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	0	$ 0
Stock-based compensation expense	1,156	1,156
Shares repurchased for tax withholdings for vested stock awards				4,000
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation	(13)			$ (13)
Net Income (Loss) Attributable to Parent	(48,289)
Adjustments to Additional Paid in Capital, Other	(3,784)
Stock Issued During Period, Shares, Treasury Stock Reissued				(2,308,000)
Stock Issued During Period, Value, Treasury Stock Reissued	14,653
Proceeds from Sale of Treasury Stock	$ 10,869
Common Stock, Shares, Issued	53,327,000
Treasury Stock, Shares	1,948,000
Total Equity	$ 344,157
Common Stock, Value, Issued	$ 533
Common Stock, Shares, Issued	53,327,000		53,327,000
Treasury Stock, Shares				1,948,000
Total Equity	$ 301,034	734,257	$ 533	$ 19,142	(414,614)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			338,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	(3)	$ 3
Stock-based compensation expense	1,122	1,122
Shares repurchased for tax withholdings for vested stock awards				130,000
Treasury Stock, Value, Acquired, Cost Method				$ 1,215
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation	(1,215)
Net Income (Loss) Attributable to Parent	$ (44,346)
Shares repurchased for tax withholdings for vested stock awards	239,751
Net Income (Loss) Attributable to Parent	$ (58,619)
Proceeds from Sale of Treasury Stock	0
Common Stock, Shares, Issued			53,665,000
Treasury Stock, Shares				2,078,000
Total Equity	256,595	735,376	$ 536	$ 20,357	(458,960)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			487,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	(5)	$ 5
Stock-based compensation expense	1,478	1,478
Shares repurchased for tax withholdings for vested stock awards				108,000
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation	(1,144)			$ (1,144)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			10,000
Stock Issued During Period, Value, Stock Options Exercised	37	37	$ 0
Net Income (Loss) Attributable to Parent	22,528
Common Stock, Shares, Issued			54,162,000
Treasury Stock, Shares				2,186,000
Total Equity	279,494	736,886	$ 541	$ 21,501	(436,432)
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			4,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	0	0	$ 0
Stock-based compensation expense	1,863	1,863
Shares repurchased for tax withholdings for vested stock awards				2,000
CostOfRepurchasedSharesForTaxWittholdingForShareBasedCompensation	(11)			$ (11)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			68,000
Stock Issued During Period, Value, Stock Options Exercised	220	219	$ 1
Net Income (Loss) Attributable to Parent	$ (36,801)
Common Stock, Shares, Issued	54,234,000		54,234,000
Treasury Stock, Shares				2,188,000
Total Equity	$ 244,765	$ 738,968	$ 542	$ 21,512	$ (473,233)

Organization

Organization	9 Months Ended
	Jan. 29, 2022
Organization	Note 1. Organization Description of Business Barnes & Noble Education, Inc. (“BNED”) is one of the largest contract operators of physical and virtual bookstores for college and university campuses and K-12 institutions across the United States. We are also one of the largest textbook wholesalers, inventory management hardware and software providers, and a leading provider of digital education solutions. We operate 1,441 physical, virtual, and custom bookstores and serve more than 6 million students, delivering essential educational content and tools within a dynamic omnichannel retail environment. Additionally, we offer direct-to-student products and services to help students study more effectively and improve academic performance. The strengths of our business include our ability to compete by developing new products and solutions to meet market needs, our large operating footprint with direct access to students and faculty, our well-established, deep relationships with academic partners and stable, long-term contracts and our well-recognized brands. We expect to continue to introduce scalable and advanced digital solutions focused largely on the student, expand our e-commerce capabilities and accelerate such capabilities through our recent merchandising partnership with Fanatics Retail Group Fulfillment, LLC, Inc. (“Fanatics”) and Fanatics Lids College, Inc. (“FLC”) (collectively referred to herein as the “FLC Partnership”), increase market share with new accounts, and expand our strategic opportunities through acquisitions and partnerships. We expect general merchandise sales to increase over the long term, as our product assortments continue to emphasize and reflect changing consumer trends, and we evolve our presentation concepts and merchandising of products in stores and online, which we expect to be further enhanced and accelerated through the “FLC Partnership”. Through this partnership, we receive unparalleled product assortment, e-commerce capabilities and powerful digital marketing tools to drive increased value for customers and accelerate growth of our logo and emblematic general merchandise business. We believe the Barnes & Noble brand (licensed from our former parent) along with our subsidiary brands, BNC and MBS, are synonymous with innovation in bookselling and campus retailing, and are widely recognized and respected brands in the United States. Our large college footprint, reputation, and credibility in the marketplace not only support our marketing efforts to universities, students, and faculty, but are also important to our relationship with leading publishers who rely on us as one of their primary distribution channels, and for being a trusted source for students in our direct-to-student digital solutions business. We have three reportable segments: Retail, Wholesale and DSS. For additional information related to our strategies, operations and segments, see Part I - Item 1. Business in our Annual Report on Form 10-K for the fiscal year ended May 1, 2021 . Partnership with Fanatics and FLC In December 2020, we entered into the FLC Partnership. Through this partnership, we receive unparalleled product assortment, e-commerce capabilities and powerful digital marketing tools to drive increased value for customers and accelerate growth of our general merchandise business. Fanatics’ cutting-edge e-commerce and technology expertise offers our campus stores expanded product selection, a world-class online and mobile experience, and a progressive direct-to-consumer platform. Coupled with Lids (FLC's parent company), the leading standalone brick and mortar retailer focused exclusively on licensed fan and alumni products, our campus stores have improved access to trend and sales performance data on licensees, product styles, and design treatments. We maintain our relationships with campus partners and remain responsible for staffing and managing the day-to-day operations of our campus bookstores. We also work closely with our campus partners to ensure that each campus store maintains unique aspects of in-store merchandising, including localized product assortments and specific styles and designs that reflect each campus’s brand. We leverage Fanatics’ e-commerce technology and expertise for the operational management of the emblematic merchandise and gift sections of our campus store websites. FLC manages in-store assortment planning and merchandising of emblematic apparel, headwear, and gift products for our partner campus stores. In December 2020, Fanatics, Inc. and Lids Holdings, Inc. jointly made a strategic equity investment in BNED. On April 4, 2021, as contemplated by the FLC Partnership's merchandising agreement, we sold our logo and emblematic general merchandise inventory to FLC, which was finalized during the first quarter of Fiscal 2022. As contemplated by the FLC Partnership's e-commerce agreement, we began to transition certain of our e-commerce sites to Fanatics e-commerce sites for logo and emblematic products during the first quarter of Fiscal 2022. As the logo and emblematic general merchandise sales are fulfilled by FLC and Fanatics, we recognize commission revenue earned for these sales on a net basis. For additional information, see Part II - Item 8. Financial Statements and Supplementary Data - Note 2. Summary of Significant Accounting Policies - Merchandise Inventories and Note 6. Equity and Earnings Per Share in our Annual Report on Form 10-K for the fiscal year ended May 1, 2021. COVID-19 Business Impact Since the fourth quarter of Fiscal 2020, our business has been significantly negatively impacted by the COVID-19 pandemic, resulting in an unprecedented material decline in revenue. Despite the introduction of COVID-19 vaccines, the pandemic remains highly volatile and continues to evolve. We cannot accurately predict the duration or extent of the impact of the COVID-19 virus, including variants, on enrollments, campus activities, university budgets, athletics and other areas that directly affect our business operations . Although most four year schools returned to a traditional on-campus environment for learning in the Fall semester, as well as hosted traditional on campus sporting activities, there is still uncertainty about the duration and extent of the impact of the COVID-19 pandemic, including on enrollments at community colleges and by international students, the continuation of remote and hybrid class offerings, and its effect on our ability to source products, including textbooks and general merchandise offerings. As we entered the Spring rush period in early January 2022, we continued to experience the ongoing effects of COVID-19 with the surge of the Omicron variant further impacting students return to campus and on-campus activities. In early January, while the majority of schools brought students back to campus, some schools chose to conduct classes virtually for the beginning of the semester, while other schools chose to delay their start dates (and some schools both delayed the start of the semester and started classes virtually), thus reducing and/or delaying sales later into the quarter or shifting some sales to our fourth quarter. The COVID-19 impact on higher education remains a fluid situation. We are committed to supporting our campus partners through our flexible offerings and our ability to quickly pivot to ensure uninterrupted service as institutions manage the safety of their campuses. If economic conditions caused by the pandemic do not recover as currently estimated by management or market factors currently in place change, there could be a further impact on our results of operations, financial condition and cash flows from operations. We will continue to assess our operations and will continue to consider the guidance of local governments and our campus partners to how to operate our bookstores in the safest manner for our employees and customers. Please see our Part II - Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations for further discussion.

Employees Benefit Plan

Employees Benefit Plan	9 Months Ended
	Jan. 29, 2022
Employees' Defined Contribution Plan	Note 11. Employee Benefit Plans We sponsor defined contribution plans for the benefit of substantially all of the employees of BNC and DSS. MBS maintains a profit sharing plan covering substantially all full-time employees of MBS. For all plans, we are responsible to fund the employer contributions directly. Total employee benefit expense for these plans was $1,155 and $0 during the 13 weeks ended January 29, 2022 and January 30, 2021, respectively. Total employee benefit expense for these plans was $2,203 and $0 during the 39 weeks ended January 29, 2022 and January 30, 2021, respectively.

Organization - Additional Infor

Organization - Additional Information Person in Millions	9 Months Ended
	Jan. 29, 2022PersonsegmentStore
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of Stores | Store	1,441
Number of students covered to build relationships and derive sales | Person	6
Number of Reportable Segments | segment	3

Employees Benefit Plans - Addit

Employees Benefit Plans - Additional Information - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Company contributions, employee benefit expenses	$ 1,155	$ 0	$ 2,203	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies (Notes)	9 Months Ended
	Jan. 29, 2022
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation and Consolidation Our condensed consolidated financial statements reflect our condensed consolidated financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States (“GAAP”). In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements of the Company contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly its consolidated financial position and the results of its operations and cash flows for the periods reported. These condensed consolidated financial statements are condensed and therefore do not include all of the information and footnotes required by GAAP. All material intercompany accounts and transactions have been eliminated in consolidation. Our business is highly seasonal. Our quarterly results also may fluctuate depending on the timing of the start of the various schools' semesters, as well as shifts in our fiscal calendar dates. These shifts in timing may affect the comparability of our results across periods. Our fiscal year is comprised of 52 or 53 weeks, ending on the Saturday closest to the last day of April. Due to the seasonal nature of the business, the results of operations for the 39 weeks ended January 29, 2022 are not indicative of the results expected for the 52 weeks ending April 30, 2022 (Fiscal 2022). For certain of our retail operations, sales are generally highest in the second and third fiscal quarters, when students purchase and rent textbooks and other course materials for the typical academic year, and lowest in the first and fourth fiscal quarters. Sales attributable to our wholesale business are generally highest in our first, second and third quarters, as MBS sells textbooks and other course materials for retail distribution. Our DSS segment sales and operating profit are realized relatively consistently throughout the year. Use of Estimates In preparing financial statements in conformity with GAAP, we are required to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Restricted Cash As of January 29, 2022 and January 30, 2021, we had restricted cash of $2,775 and $766, respectively, comprised of $1,878 and $0, respectively, in prepaid and other current assets in the condensed consolidated balance sheet related to segregated funds for commission due to FLC for logo merchandise sales as per the FLC Partnership's merchandising agreement, and $897 and $766, respectively, in other noncurrent assets in the condensed consolidated balance sheet related to amounts held in trust for future distributions related to employee benefit plans. Merchandise Inventories Merchandise inventories, which consist of finished goods, are stated at the lower of cost or market. Market value of our inventory, which is all purchased finished goods, is determined based on its estimated net realizable value, which is generally the selling price less normally predictable costs of disposal and transportation. Reserves for non-returnable inventory are based on our history of liquidating non-returnable inventory, which includes certain significant assumptions, including markdowns, sales below cost, inventory aging and expected demand. Cost is determined primarily by the retail inventory method for our Retail segment and last-in first out, or “LIFO”, method for our Wholesale segment. Our textbook inventories, for Retail and Wholesale, and trade book inventories are valued using the LIFO method and the related reserve was not material to the recorded amount of our inventories. For our physical bookstores, we also estimate and accrue shortage for the period between the last physical count of inventory and the balance sheet date. Shortage rates are estimated and accrued based on historical rates and can be affected by changes in merchandise mix and changes in actual shortage trends. The Retail Segment fulfillment order is directed first to our wholesale business before other sources of inventory are utilized. The products that we sell originate from a wide variety of domestic and international vendors. After internal sourcing, the bookstore purchases textbooks from outside suppliers and publishers. As contemplated by the FLC Partnership merchandising agreement, we sold our logo and emblematic general merchandise inventory to FLC and received proceeds of $41,773, and recognized a merchandise inventory loss on the sale of $10,262 in cost of goods sold in the condensed consolidated statement of operations during the 52 weeks ended May 1, 2021 for the Retail Segment. The final inventory sale price was determined during the first quarter of Fiscal 2022, at which time, we received additional proceeds of $1,906, and recognized a merchandise inventory loss on the sale of $434 in cost of goods sold in the condensed consolidated statement of operations for the Retail Segment. Textbook Rental Inventories Physical textbooks out on rent are categorized as textbook rental inventories. At the time a rental transaction is consummated, the book is removed from merchandise inventories and moved to textbook rental inventories at cost. The cost of the book is amortized down to its estimated residual value over the rental period. The related amortization expense is included in cost of goods sold. At the end of the rental period, upon return, the book is removed from textbook rental inventories and recorded in merchandise inventories at its amortized cost. Leases We recognize lease assets and lease liabilities on the condensed consolidated balance sheet for all operating lease arrangements based on the present value of future lease payments as required by Accounting Standards Codification ("ASC") Topic 842, Leases . We do not recognize lease assets or lease liabilities for short-term leases (i.e., those with a term of twelve months or less). We recognize lease expense on a straight-line basis over the lease term for contracts with fixed lease payments, including those with fixed annual minimums, or over a rolling twelve-month period for leases where the annual guarantee resets at the start of each contract year, in order to best reflect the pattern of usage of the underlying leased asset. For additional information, see Note 8. Leases . Revenue Recognition and Deferred Revenue Product sales and rentals The majority of our revenue is derived from the sale of products through our bookstore locations, including virtual bookstores, and our bookstore affiliated e-commerce websites, and contains a single performance obligation. Revenue from sales of our products is recognized at the point in time when control of the products is transferred to our customers in an amount that reflects the consideration we expect to be entitled to in exchange for the products. For additional information, see Note 3. Revenue. Retail product revenue is recognized when the customer takes physical possession of our products, which occurs either at the point of sale for products purchased at physical locations or upon receipt of our products by our customers for products ordered through our websites and virtual bookstores. Wholesale product revenue is recognized upon shipment of physical textbooks at which point title passes and risk of loss is transferred to the customer. Additional revenue is recognized for shipping charges billed to customers and shipping costs are accounted for as fulfillment costs within cost of goods sold. Revenue from the rental of physical textbooks, which contains a single performance obligation, is deferred and recognized over the rental period based on the passage of time commencing at the point of sale, when control of the product transfers to the customer. Rental periods are typically for a single semester and are always less than one year in duration. We offer a buyout option to allow the purchase of a rented physical textbook at the end of the rental period if the customer desires to do so. We record the buyout purchase when the customer exercises and pays the buyout option price which is determined at the time of the buyout. In these instances, we accelerate any remaining deferred rental revenue at the point of sale. Revenue from the rental of digital textbooks, which contains a single performance obligation, is recognized at the point of sale. A software feature is embedded within the content of our digital textbooks, such that upon expiration of the rental term the customer is no longer able to access the content. While the digital rental allows the customer to access digital content for a fixed period of time, once the digital content is delivered to the customer, our performance obligation is complete. We estimate returns based on an analysis of historical experience. A provision for anticipated merchandise returns is provided through a reduction of sales and cost of goods sold in the period that the related sales are recorded. For sales and rentals involving third-party products, we evaluate whether we are acting as a principal or an agent. Our determination is based on our evaluation of whether we control the specified goods or services prior to transferring them to the customer. There are significant judgments involved in determining whether we control the specified goods or services prior to transferring them to the customer including whether we have the ability to direct the use of the good or service and obtain substantially all of the remaining benefits from the good or service. For those transactions where we are the principal, we record revenue on a gross basis, and for those transactions where we are an agent to a third-party, we record revenue on a net basis. Effective April 4, 2021, as contemplated by the FLC Partnership's merchandising agreement and e-commerce agreement, we began to transition the fulfillment of logo and emblematic general merchandise sales to FLC and Fanatics. As the logo and emblematic general merchandise sales are fulfilled by FLC and Fanatics, we recognize commission revenue earned for these sales on a net basis in our condensed consolidated financial statements, as compared to the recognition of logo and emblematic sales on a gross basis in the periods prior to April 4, 2021. We do not have gift card or customer loyalty programs. We do not treat any promotional offers as expenses. Sales tax collected from our customers is excluded from reported revenues. Our payment terms are generally 30 days and do not extend beyond one year. Service and other revenue Service and other revenue is primarily derived from DSS segment subscription-based service revenues and partnership marketing services which includes promotional activities and advertisements within our physical bookstores and web properties performed on behalf of third-party customers. Subscription-based revenue, which contains a single performance obligation, is deferred and recognized based on the passage of time over the subscription period commencing at the point of sale, when control of the service transfers to the customer. The majority of subscriptions sold are one month in duration. Partnership marketing agreements often include multiple performance obligations which are individually negotiated with our customers. For these arrangements that contain distinct performance obligations, we allocate the transaction price based on the relative standalone selling price method by comparing the standalone selling price (“SSP”) of each distinct performance obligation to the total value of the contract. The revenue is recognized as each performance obligation is satisfied, typically at a point in time for partnership marketing service and overtime for advertising efforts as measured based upon the passage of time for contracts that are based on a stated period of time or the number of impressions delivered for contracts with a fixed number of impressions. Cost of Sales Our cost of sales primarily includes costs such as merchandise costs, textbook rental amortization, content development cost amortization, warehouse costs related to inventory management and order fulfillment, insurance, certain payroll costs, and management service agreement costs, including rent expense, related to our college and university contracts and other facility related expenses. Selling and Administrative Expenses Our selling and administrative expenses consist primarily of store payroll and store operating expenses. Selling and administrative expenses also include long-term incentive plan compensation expense and general office expenses, such as merchandising, procurement, field support, finance and accounting, and operating costs related to our DSS segment subscription-based services business. Shared-service costs such as human resources, legal, treasury, information technology, and various other corporate level expenses and other governance functions, are not allocated to any specific reporting segment and are recorded in Corporate Services. Evaluation of Goodwill and Other Long-Lived Assets As of January 29, 2022, we had $0, $0 and $4,700 of goodwill on our condensed consolidated balance sheet related to our Retail, Wholesale and DSS reporting units, respectively. In accordance with ASC 350-10, Intangibles - Goodwill and Other, we complete our annual goodwill impairment test as of the first day of the third quarter of each fiscal year, or whenever events or changes in circumstances indicate that the carrying amount of the reporting unit exceeds its fair value. We completed our annual goodwill impairment test as of the first day of the third quarter of Fiscal 2022. In performing the valuation, we used cash flows that reflected management's forecasts and discount rates that included risk adjustments consistent with the current market conditions. The fair value of the DSS reporting unit was determined to exceed the carrying value of the reporting unit; therefore, no goodwill impairment was recognized. We review our long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets . As of January 29, 2022, our other long-lived assets include property and equipment, operating lease right-of-use assets, amortizable intangibles, and other noncurrent assets of $93,752, $229,259, $133,975, and $24,040, respectively, on our condensed consolidated balance sheet. Our business has been significantly negatively impacted by the ongoing COVID-19 pandemic, as many schools continued to adjust their learning models and on-campus activities. Many of the trends observed during the Fall 2021 semester continued into the Spring 2022 semester, as fewer students have returned to campus for the Spring semester. As we entered the Spring rush period in early January 2022, we continued to experience the ongoing effects of COVID-19 with the surge of the Omicron variant further impacting students return to campus and on-campus activities. In early January, while the majority of schools brought students back to campus, some schools chose to conduct classes virtually for the beginning of the semester, while other schools chose to delay their start dates (and some schools both delayed the start of the semester and started classes virtually), thus reducing and/or delaying sales later into the quarter or shifting some sales to our fourth quarter. These combined events continue to impact the Company’s course materials and general merchandise business. During the 13 weeks ended January 29, 2022, we evaluated certain of our store-level long-lived assets in the Retail segment for impairment. Based on the results of the impairment tests, we recognized an impairment loss (non-cash) of $6,411 (both pre-tax and after-tax), comprised of $739, $1,793, $3,668 and $211 of property and equipment, operating lease right-of-use assets, amortizable intangibles, and other noncurrent assets, respectively, on the condensed consolidated statement of operations. During the 13 weeks ended January 30, 2021, we evaluated certain of our store-level long-lived assets in the Retail segment for impairment. Based on the results of the impairment tests, we recognized an impairment loss (non-cash) of $27,630 ($20,506 after-tax), comprised of $5,085, $13,328, $6,278 and $2,939 of property and equipment, operating lease right-of-use assets, amortizable intangibles, and other noncurrent assets, respectively, on the condensed consolidated statement of operations. The fair value of the impaired long-lived assets were determined using an income approach (Level 3 input), using the Company’s best estimates of the amount and timing of future discounted cash flows, based on historical experience, market conditions, current trends and performance expectations. For additional information, see Note 6. Fair Value Measurements . Income Taxes As of January 29, 2022, other long-term liabilities includes $25,335 related to the long-term tax payable associated with the LIFO reserve. The LIFO reserve is impacted by changes in the consumer price index (“CPI”) and is dependent on the inventory levels at the end of our tax year (on or about January 31st) which is in the middle of our second largest selling cycle. At the end of the most recent tax year, inventory levels declined as compared to the prior year resulting in approximately $745 of the LIFO reserve becoming currently payable. Given recent trends relating to the pricing and rental of textbooks, management believes that an additional portion of the remaining long-term tax payable associated with the LIFO reserve could be payable within the next twelve months. We are unable to predict future trends for CPI and inventory levels, therefore it is difficult to project with reasonable certainty how much of this liability will become payable within the next twelve months.

Revenue (Notes)

Revenue (Notes)	9 Months Ended
	Jan. 29, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Note 3. Revenue Revenue from sales of our products and services is recognized either at the point in time when control of the products is transferred to our customers or over time as services are provided in an amount that reflects the consideration we expect to be entitled to in exchange for the products or services. See Note 2. Summary of Significant Accounting Policies for additional information related to our revenue recognition policies and Note 4. Segment Reporting for a description of each segment's product and service offerings. Disaggregation of Revenue The following table disaggregates the revenue associated with our major product and service offerings: 13 weeks ended 36 weeks ended January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Retail Product Sales (a) $ 340,706 $ 338,495 $ 1,076,122 $ 998,158 Rental Income 25,085 38,111 87,757 92,568 Service and Other Revenue (b) 8,949 11,063 30,282 32,233 Retail Total Sales $ 374,740 $ 387,669 $ 1,194,161 $ 1,122,959 Wholesale Sales $ 37,039 $ 39,465 $ 103,192 $ 156,146 DSS Sales (c) $ 9,430 $ 7,206 $ 26,012 $ 19,025 Eliminations (d) $ (18,411) $ (22,727) $ (52,796) $ (87,018) Total Sales $ 402,798 $ 411,613 $ 1,270,569 $ 1,211,112 (a) Effective April 4, 2021, as contemplated by the FLC Partnership's merchandising agreement and e-commerce agreement, we began to transition the fulfillment of logo and emblematic general merchandise sales to FLC and Fanatics. As the logo and emblematic general merchandise sales are fulfilled by FLC and Fanatics, we recognize commission revenue earned for these sales on a net basis in our condensed consolidated financial statements, as compared to the recognition of logo and emblematic sales on a gross basis in the periods prior to April 4, 2021. (b) Service and other revenue primarily relates to brand partnerships and other service revenues. (c) DSS sales primarily relate to direct-to-student subscription-based revenue. (d) The sales eliminations represent the elimination of Wholesale sales and fulfillment service fees to Retail and the elimination of Retail commissions earned from Wholesale. Contract Assets and Contract Liabilities Contract assets represent the sale of goods or services to a customer before we have the right to obtain consideration from the customer. Contract assets consist of unbilled amounts at the reporting date and are transferred to accounts receivable when the rights become unconditional. Contract assets (unbilled receivables) were $0 as of January 29, 2022, January 30, 2021 and May 1, 2021 on our condensed consolidated balance sheets. Contract liabilities represent an obligation to transfer goods or services to a customer for which we have received consideration and consists of our deferred revenue liability (deferred revenue). Deferred revenue consists of the following: • advanced payments from customers related to textbook rental and subscription-based performance obligations, which are recognized ratably over the terms of the related rental or subscription periods; • unsatisfied performance obligations associated with partnership marketing services, which are recognized when the contracted services are provided to our partnership marketing customers; and • unsatisfied performance obligations associated with the premium paid for the sale of treasury shares, which are expected to be recognized over the term of the e-commerce and merchandising contracts for Fanatics and FLC, respectively . Deferred revenue of $51,125, $47,166, and $13,469 is recorded in accrued liabilities and $4,466, $3,956, and $4,670 is recorded in other long-term liabilities on our condensed consolidated balance sheets for the periods ended January 29, 2022, January 30, 2021 and May 1, 2021, respectively. As of January 29, 2022, we expect to recognize $51,125 of the deferred revenue balance within the next 12 months. The following table presents changes in deferred revenue associated with our contract liabilities: 39 weeks ended January 29, 2022 January 30, 2021 Deferred revenue at the beginning of period $ 18,139 $ 13,373 Additions to deferred revenue during the period 141,071 148,777 Reductions to deferred revenue for revenue recognized during the period (103,619) (111,028) Deferred revenue balance at the end of period $ 55,591 $ 51,122

Segment Reporting (Notes)

Segment Reporting (Notes)	9 Months Ended
	Jan. 29, 2022
Segment Reporting	Note 4. Segment Reporting We have three reportable segments: Retail, Wholesale and DSS. Additionally, unallocated shared-service costs, which include various corporate level expenses and other governance functions, continue to be presented as “Corporate Services”. We identify our segments in accordance with the way our business is managed (focusing on the financial information distributed) and the manner in which our chief operating decision maker allocates resources and assesses financial performance. The following summarizes the three segments. For additional information about each segment's operations, see Part I - Item 1. Business in our Annual Report on Form 10-K for the fiscal year ended May 1, 2021 . Retail The Retail Segment operates 1,441 college, university, and K-12 school bookstores, comprised of 799 physical bookstores and 642 virtual bookstores. Our bookstores typically operate under agreements with the college, university, or K-12 schools to be the official bookstore and the exclusive seller of course materials and supplies, including physical and digital products. The majority of the physical campus bookstores have school-branded e-commerce sites which we operate independently or along with our merchant partners, and which offer students access to affordable course materials and affinity products, including emblematic apparel and gifts. The Retail Segment also offers inclusive access programs, in which course materials are offered at a reduced price through a fee charged by the institution or included in tuition, and delivered to students on or before the first day of class. Additionally, the Retail Segment offers a suite of digital content and services to colleges and universities, including a variety of open educational resource-based courseware. Wholesale The Wholesale Segment is comprised of our wholesale textbook business and is one of the largest textbook wholesalers in the country. The Wholesale Segment centrally sources, sells, and distributes new and used textbooks to approximately 3,100 physical bookstores (including our Retail Segment's 799 physical bookstores) and sources and distributes new and used textbooks to our 642 virtual bookstores. Additionally, the Wholesale Segment sells hardware and a software suite of applications that provides inventory management and point-of-sale solutions to approximately 400 college bookstores. DSS The Digital Student Solutions (“DSS”) Segment includes direct-to-student products and services to assist students to study more effectively and improve academic performance. The DSS Segment is comprised of the operations of Student Brands, LLC, a leading direct-to-student subscription-based writing services business, and bartleby ® , a direct-to-student subscription-based offering providing textbook solutions, expert questions and answers, writing and tutoring. Corporate Services represents unallocated shared-service costs which include corporate level expenses and other governance functions, including executive functions, such as accounting, legal, treasury, information technology, and human resources. Intercompany Eliminations The eliminations are primarily related to the following intercompany activities: • The sales eliminations represent the elimination of Wholesale sales and fulfillment service fees to Retail and the elimination of Retail commissions earned from Wholesale, and • These cost of sales eliminations represent (i) the recognition of intercompany profit for Retail inventory that was purchased from Wholesale in a prior period that was subsequently sold to external customers during the current period and the elimination of Wholesale service fees charged for fulfillment of inventory for virtual store sales, net of (ii) the elimination of intercompany profit for Wholesale inventory purchases by Retail that remain in ending inventory at the end of the current period. Our international operations are not material, and the majority of the revenue and total assets are within the United States. Summarized financial information for our reportable segments is reported below: 13 weeks ended 39 weeks ended January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Sales: Retail $ 374,740 $ 387,669 $ 1,194,161 $ 1,122,959 Wholesale 37,039 39,465 103,192 156,146 DSS 9,430 7,206 26,012 19,025 Elimination (18,411) (22,727) (52,796) (87,018) Total Sales $ 402,798 $ 411,613 $ 1,270,569 $ 1,211,112 Gross Profit Retail (a) $ 69,161 $ 53,523 $ 246,129 $ 165,170 Wholesale 8,104 10,658 24,129 38,129 DSS 7,932 5,882 21,868 15,290 Elimination 1,764 549 423 (1,830) Total Gross Profit $ 86,961 $ 70,612 $ 292,549 $ 216,759 Depreciation and Amortization Retail $ 8,939 $ 9,806 $ 27,015 $ 30,361 Wholesale 1,396 1,614 4,060 4,231 DSS 1,826 1,863 5,627 5,883 Corporate Services 18 24 53 88 Total Depreciation and Amortization $ 12,179 $ 13,307 $ 36,755 $ 40,563 Operating (Loss) Income Retail $ (30,845) $ (59,996) $ (32,605) $ (107,740) Wholesale 2,767 4,708 7,750 21,625 DSS (1,669) (2,567) (5,286) (6,218) Corporate Services (5,188) (7,451) (20,414) (22,847) Elimination 1,800 604 556 (1,704) Total Operating Loss $ (33,135) $ (64,702) $ (49,999) $ (116,884) 13 weeks ended 39 weeks ended Reconciliation of segment Operating Loss to consolidated Loss Before Income Taxes: January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Total Operating Loss $ (33,135) $ (64,702) $ (49,999) $ (116,884) Interest Expense, net 3,051 2,311 7,809 5,876 Loss Before Income Taxes $ (36,186) $ (67,013) $ (57,808) $ (122,760) (a) For the 39 weeks ended January 29, 2022, gross margin includes a merchandise inventory loss of $434 in the Retail Segment. See Note 2. Summary of Significant Accounting Policies - Merchandise Inventories .

Equity and Earnings Per Share (

Equity and Earnings Per Share (Notes)	9 Months Ended
	Jan. 29, 2022
Net Earnings (Loss) Per Share	Note 5. Equity and Earnings Per Share Equity During the 39 weeks ended January 29, 2022, our shareholders approved an amendment to the Equity Incentive Plan to increase the number of shares available for issuance by an additional 3,000,000 shares of our Common Stock, for an aggregate total of 13,409,345 shares . Share Repurchases On December 14, 2015, our Board of Directors authorized a stock repurchase program of up to $50,000, in the aggregate, of our outstanding Common Stock. The stock repurchase program is carried out at the direction of management (which may include a plan under Rule 10b5-1 of the Securities Exchange Act of 1934). The stock repurchase program may be suspended, terminated, or modified at any time. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes. During the 39 weeks ended January 29, 2022, we did not repurchase shares of our Common Stock under the program and as of January 29, 2022, approximately $26,669 remains available under the stock repurchase program. During the 39 weeks ended January 29, 2022, we repurchased 239,751 shares of our Common Stock outside of the stock repurchase program in connection with employee tax withholding obligations for vested stock awards. Sale of Treasury Shares During the 39 weeks ended January 30, 2021, we entered into a merchandising partnership with Fanatics and FLC which included a strategic equity investment in the Company. Fanatics, Inc. and Lids Holdings, Inc. jointly purchased an aggregate 2,307,692 of our common shares (issued from treasury shares) for $15,000, representing a share price of $6.50 per share. The premium price paid above the fair market value of our common stock at closing was approximately $4,131 and was recorded as a contract liability which is recognized over the term of the merchandising contracts for Fanatics and FLC ($211 and $175, respectively, in accrued liabilities, and $3,762 and $3,956, respectively, as of January 29, 2022 and January 30, 2021, in other long-term liabilities our condensed consolidated balance sheet), as discussed in Note 1. Organization - Partnership with Fanatics and FLC . Earnings Per Share Basic EPS is computed based upon the weighted average number of common shares outstanding for the year. Diluted EPS is computed based upon the weighted average number of common shares outstanding for the year plus the dilutive effect of common stock equivalents using the treasury stock method and the average market price of our common stock for the year. We include participating securities (unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents) in the computation of EPS pursuant to the two-class method. Our participating securities consist solely of unvested restricted stock awards, which have contractual participation rights equivalent to those of stockholders of unrestricted common stock. The two-class method of computing earnings per share is an allocation method that calculates earnings per share for common stock and participating securities. During periods of net loss, no effect is given to the participating securities because they do not share in the losses of the Company. During the 13 weeks ended January 29, 2022 and January 30, 2021, average shares of 4,233,063 and 4,005,236 were excluded from the diluted earnings per share calculation as their inclusion would have been antidilutive, respectively. During the 39 weeks ended January 29, 2022 and January 30, 2021, average shares of 3,295,417 and 3,234,606 were excluded from the diluted earnings per share calculation as their inclusion would have been antidilutive, respectively. The following is a reconciliation of the basic and diluted earnings per share calculation: 13 weeks ended 39 weeks ended (shares in thousands) January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Numerator for basic and diluted earnings per share: Net loss available to common shareholders $ (36,801) $ (48,289) $ (58,619) $ (87,426) Denominator for basic and diluted earnings per share: Basic and diluted weighted average shares of Common Stock 52,003 50,082 51,714 49,099 Loss per share of Common Stock: Basic $ (0.71) $ (0.96) $ (1.13) $ (1.78) Diluted $ (0.71) $ (0.96) $ (1.13) $ (1.78)

Fair Values of Financial Instru

Fair Values of Financial Instruments (Notes)	9 Months Ended
	Jan. 29, 2022
Fair Value Disclosures	Note 6. Fair Value Measurements In accordance with ASC No. 820, Fair Value Measurements and Disclosures , the fair value of an asset is considered to be the price at which the asset could be sold in an orderly transaction between unrelated knowledgeable and willing parties. A liability’s fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Assets and liabilities recorded at fair value are measured using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1—Observable inputs that reflect quoted prices in active markets Level 2—Inputs other than quoted prices in active markets that are either directly or indirectly observable Level 3—Unobservable inputs in which little or no market data exists, therefore requiring us to develop our own assumptions Our financial instruments include cash and cash equivalents, receivables, accrued liabilities and accounts payable. The fair values of cash and cash equivalents, receivables, accrued liabilities and accounts payable approximates their carrying values because of the short-term nature of these instruments, which are all considered Level 1. The fair value of short-term and long-term debt approximates its carrying value. Non-Financial Assets and Liabilities Our non-financial assets include goodwill, property and equipment, operating lease right-of-use assets, and intangible assets. Such assets are reported at their carrying values and are not subject to recurring fair value measurements. We review our long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets . During the 13 weeks ended January 29, 2022 and January 30, 2021, we evaluated certain of our store-level long-lived assets in the Retail segment for impairment and based on the results of the impairment tests, we recognized an impairment loss (non-cash) of $6,411 (both pre-tax and after-tax), and $27,630 ($20,506 after-tax), respectively, on the condensed consolidated statement of operations. The fair value of the impaired long-lived assets were determined using an income approach (Level 3 input), using our best estimates of the amount and timing of future discounted cash flows, based on historical experience, market conditions, current trends and performance expectations. For additional information, see Note 2. Summary of Significant Accounting Policies. The following table shows the fair values of our non-financial assets and liabilities that were required to be remeasured at fair value on a non-recurring basis for each respective period and the total impairments recorded as a result of the remeasurement process: 13 and 39 weeks ended January 29, 2022 13 and 39 weeks ended January 30, 2021 Carrying Value Fair Value Impairment Loss Carrying Value Prior to Impairment Fair Value Impairment Loss Property and equipment, net $ 742 $ 3 $ 739 $ 5,505 $ 420 $ 5,085 Operating lease right-of-use assets 3,299 1,506 1,793 26,427 13,099 13,328 Intangible assets, net 3,745 77 3,668 7,723 1,445 6,278 Other noncurrent assets 211 — 211 3,539 600 2,939 Total $ 7,997 $ 1,586 $ 6,411 $ 43,194 $ 15,564 $ 27,630 Other Non-Financial Liabilities We granted phantom share units as long-term incentive awards which are settled in cash based on the fair market value of a share of common stock of the Company at each vesting date. The fair value of the liability for the cash-settled phantom share unit awards will be remeasured at the end of each reporting period through settlement to reflect current risk-free rate and volatility assumptions. As of January 29, 2022, we recorded a liability of $3,666 (Level 2 input) which is reflected in accrued liabilities ($2,397) and other long-term liabilities ($1,269) on the condensed consolidated balance sheet. As of January 30, 2021, we recorded a liability of $1,729 (Level 2 input) which is reflected in accrued liabilities $1,093 and other long-term liabilities $636 on the condensed consolidated balance sheet. For additional information, see Note 10. Long-Term Incentive Plan Compensation Expense .

Credit Facility (Notes)

Credit Facility (Notes)	9 Months Ended
	Jan. 29, 2022
Debt Disclosure	Note 7. Credit Facility We have a credit agreement (the “Credit Agreement”), amended March 31, 2021 and March 1, 2019, under which the lenders committed to provide us with a 5 year asset-backed revolving credit facility in an aggregate committed principal amount of $400,000 (the “Credit Facility”) effective from the date of the amendment. We have the option to request an increase in commitments under the Credit Facility of up to $100,000, subject to certain restrictions. Proceeds from the Credit Facility are used for general corporate purposes, including seasonal working capital needs. The agreement includes an incremental first in, last out seasonal loan facility (the “FILO Facility”) for a $100,000 incremental facility maintaining the maximum availability under the Credit Agreement at $500,000. As of January 29, 2022, we were in compliance with all debt covenants under the Credit Agreement. On March 4, 2022, we were granted a waiver to the condition to the upcoming draw under the FILO Facility, scheduled for April 2022, that Consolidated EBITDA (as defined in the Credit Agreement) minus Restricted Payments (as defined in the Credit Agreement) equal at least $110,000. Under the waiver amendment, the commitment under the FILO Facility of $25,000 was increased to $40,000, with all remaining terms unchanged. For additional information including interest terms and covenant requirements related to the Credit Facility, refer to Part II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity in our Annual Report on Form 10-K for the fiscal year ended May 1, 2021.

Leases (Notes)

Leases (Notes)	9 Months Ended
	Jan. 29, 2022
Leases [Abstract]
Lessee, Operating Leases	Note 8. Leases We recognize lease assets and lease liabilities on the condensed consolidated balance sheets for substantially all lease arrangements as required by FASB ASC 842, Leases (Topic 842). Our portfolio of leases consists of operating leases comprised of operations agreements which grant us the right to operate on-campus bookstores at colleges and universities; real estate leases for office and warehouse operations; and vehicle leases. We do not have finance leases or short-term leases (i.e., those with a term of twelve months or less). We recognize a right of use ("ROU") asset and lease liability in our condensed consolidated balance sheets for leases with a term greater than twelve months. Options to extend or terminate a lease are included in the determination of the ROU asset and lease liability when it is reasonably certain that such options will be exercised. Our lease terms generally range from one year to fifteen years and a number of agreements contain minimum annual guarantees, many of which are adjusted at the start of each contract year based on the actual sales activity of the leased premises for the most recently completed contract year. Payment terms are based on the fixed rates explicit in the lease, including minimum annual guarantees, and/or variable rates based on: i) a percentage of revenues or sales arising at the relevant premises ("variable commissions"), and/or ii) operating expenses, such as common area charges, real estate taxes and insurance. For contracts with fixed lease payments, including those with minimum annual guarantees, we recognize lease expense on a straight-line basis over the lease term or over the contract year in order to best reflect the pattern of usage of the underlying leased asset and our minimum obligations arising from these types of leases. Our lease agreements do not contain any material residual value guarantees, material restrictions or covenants. We used our incremental borrowing rates to determine the present value of fixed lease payments based on the information available at the lease commencement date, as the rate implicit in the lease is not readily determinable. We utilized an estimated collateralized incremental borrowing rate as of the effective date or the commencement date of the lease, whichever is later. The following table summarizes lease expense: 13 weeks ended 39 weeks ended January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Variable lease expense $ 18,306 $ 27,399 $ 60,746 $ 62,081 Operating lease expense 33,838 28,127 99,201 87,558 Net lease expense $ 52,144 $ 55,526 $ 159,947 $ 149,639 The increase in lease expense during the 39 weeks ended January 29, 2022 is primarily due to higher sales for contracts based on a percentage of revenue and the impact of the timing and reduction of minimum contractual guarantees due to temporary store closings due to the COVID pandemic during the 39 weeks ended January 30, 2021. The following table summarizes our minimum fixed lease obligations, excluding variable commissions, as of January 29, 2022: As of January 29, 2022 Remainder of Fiscal 2022 $ 65,338 Fiscal 2023 55,784 Fiscal 2024 44,086 Fiscal 2025 40,366 Fiscal 2026 29,228 Thereafter 72,943 Total lease payments 307,745 Less: imputed interest (38,048) Operating lease liabilities at period end $ 269,697 Future lease payment obligations related to leases that were entered into, but did not commence as of January 29, 2022, were not material. The following summarizes additional information related to our operating leases: As of January 29, 2022 January 30, 2021 Weighted average remaining lease term (in years) 5.2 years 5.5 years Weighted average discount rate 4.6 % 4.7 % Supplemental cash flow information: Cash payments for lease liabilities within operating activities $ 95,042 $ 75,851 ROU assets obtained in exchange for lease liabilities from initial recognition $ 86,900 $ 108,873

Supplementary Information (Note

Supplementary Information (Notes)	9 Months Ended
	Jan. 29, 2022
Supplementary info [Abstract]
Supplementary Information [Text Block]	Note 9. Supplementary Information Impairment Loss (non-cash) We review our long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets . During the 13 and 39 weeks ended January 29, 2022, we evaluated certain of our store-level long-lived assets in the Retail segment for impairment. Based on the results of the impairment tests, we recognized an impairment loss (non-cash) of $6,411 (both pre-tax and after-tax), comprised of $739, $1,793, $3,668 and $211 of property and equipment, operating lease right-of-use assets, amortizable intangibles, and other noncurrent assets, respectively, on the condensed consolidated statement of operations. During the 13 and 39 weeks ended January 30, 2021, we evaluated certain of our store-level long-lived assets in the Retail segment for impairment. Based on the results of the impairment tests, we recognized an impairment loss (non-cash) of $27,630, ($20,506 after-tax), comprised of $5,085, $13,328, $6,278 and $2,939 of property and equipment, operating lease right-of-use assets, amortizable intangibles, and other noncurrent assets, respectively, on the condensed consolidated statement of operations. For additional information, see Note 2. Summary of Significant Accounting Policies and Note 6. Fair Value Measurements . Restructuring and other charges During the 13 and 39 weeks ended January 29, 2022, we recognized restructuring and other charges totaling $46 and $3,785, comprised primarily of $0 and $1,968 for severance and other employee termination and benefit costs associated with elimination of various positions as part of cost reduction objectives ($202 is included in accrued liabilities in the condensed consolidated balance sheet as of January 29, 2022), and $46 and $1,817 for costs associated with professional service costs for restructuring, process improvements, development and integration associated with the FLC Partnership, shareholder activist activities, and liabilities for a facility closure.

Stock-Based Compensation Stock-

Stock-Based Compensation Stock-Based Compensation (Notes)	9 Months Ended
	Jan. 29, 2022
Share-based Payment Arrangement [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 10. Long-Term Incentive Plan Compensation Expense We recognize compensation expense for restricted stock awards and performance share awards ratably over the requisite service period of the award, which is generally three years. We recognize compensation expense for these awards based on the number of awards expected to vest, which includes an estimated average forfeiture rate. We calculate the fair value of these awards based on the closing stock price on the date the award was granted. For those awards with market conditions, we have determined the grant date fair value using the Monte Carlo simulation model and compensation expense is recognized ratably over the requisite service period regardless of whether the market condition is satisfied. For stock options granted with an "at market" exercise price, we determined the grant fair value using the Black-Scholes model and for stock options granted with "a premium" exercise price, we determined the grant date fair value using the Monte Carlo simulation model. The fair value models for stock options use assumptions that include the risk-free interest rate, expected volatility, expected dividend yield and expected term of the options. During the 39 weeks ended January 29, 2022, we granted the following awards: • 47,216 restricted stock units ("RSU") awards and 35,412 restricted stock ("RS") awards with a one year vesting period to the Board of Directors ("BOD") members for annual compensation. • 849,366 restricted stock units ("RSU") awards to employees with a three year vesting period. • 322,495 stock options with an exercise price of $10.80 per stock option, which was the fair market value on the date of grant (Stock Option Grant #1) and 348,723 stock options with an exercise price of $13.30 per stock option, which was above the fair market value on the date of grant, (Stock Option Grant #2) granted to employees. The stock options are exercisable in four equal annual installments commencing one year after the date of grant and have a ten year term. Holders are not entitled to receive dividends (if any) prior to vesting and exercise of the options. The following summarizes the stock option fair value assumptions: Stock Option Grant #1 Stock Option Grant #2 Exercise Price $ 10.80 $ 13.30 Valuation method utilized Black-Scholes Monte Carlo Risk-free interest rate 0.94 % 0.94 % Expected option term 6.2 years 10.0 years Company volatility 74 % 74 % Dividend yield — % — % Grant date fair value per award $ 7.10 $ 6.73 The risk-free interest rate is based on United States Treasury yields in effect at the date of grant for periods corresponding to the expected stock option term. For Stock Option Grant #1, we are permitted to use the simplified approach to estimate the expected term of the stock options, which typically assumes exercise occurs at the mid-point between the end of the vesting period and the expiration date. The simplified approach is not allowed for premium-priced options (Stock Option Grant #2), which were estimated using a stock price multiple, as there is no option exercise history which to base an early exercise option. The expected stock option term represents the weighted average period of time that stock options granted are expected to be outstanding, based on vesting schedules and the contractual term of the stock options. Volatility is based on the historical volatility of the Company’s common stock over a period of time corresponding to the expected stock option term. • 183,348 phantom share units granted to employees. Each phantom share represents the economic equivalent to one share of the Company's common stock and will be settled in cash based on the fair market value of a share of common stock at each vesting date in an amount not to exceed $32.40 per share. The phantom shares vest and will be settled in three equal installments commencing one year after the date of grant. The fair value of the phantom shares was determined using the closing stock price on the date of the award less the fair value of the call option which was estimated using the Black-Scholes model. The average fair value on the date of grant was $8.50 per phantom share using risk-free rates ranging from 0.08%-0.53% for the three tranches and annual volatility ranging from 78%-92% for the three tranches. The fair value of the liability for the cash-settled phantom share unit awards will be remeasured at the end of each reporting period through settlement to reflect current risk-free rate and volatility assumptions. As of January 29, 2022, we recorded a liability of $3,666 (Level 2 input) related to phantom share units grants which is reflected in accrued liabilities and other long-term liabilities on the condensed consolidated balance sheet. We recognized compensation expense for long-term incentive plan awards in selling and administrative expenses as follows: 13 weeks ended 39 weeks ended January 29, January 30, January 29, January 30, Stock-based awards Restricted stock expense $ 94 $ 88 $ 301 $ 138 Restricted stock units expense 1,106 786 2,767 3,121 Performance share units expense 28 12 91 217 Stock option expense 635 270 1,304 381 Sub-total stock-based awards: $ 1,863 $ 1,156 $ 4,463 $ 3,857 Cash settled awards Phantom share units expense $ 192 $ 1,505 $ 5,116 $ 1,729 Total compensation expense for long-term incentive awards $ 2,055 $ 2,661 $ 9,579 $ 5,586

Income Taxes Income Taxes (Note

Income Taxes Income Taxes (Notes)	9 Months Ended
	Jan. 29, 2022
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 12. Income Taxes We recorded an income tax expense of $615 on pre-tax loss of $(36,186) during the 13 weeks ended January 29, 2022, which represented an effective income tax rate of (1.7)% and an income tax benefit of $(18,724) on pre-tax loss of $(67,013) during the 13 weeks ended January 30, 2021, which represented an effective income tax rate of 27.9%. We recorded income tax expense of $811 on a pre-tax loss of $(57,808) during the 39 weeks ended January 29, 2022, which represented an effective income tax rate of (1.4)%% and an income tax benefit of $(35,334) on a pre-tax loss of $(122,760) during the 39 weeks ended January 30, 2021, which represented an effective income tax rate of 28.8%. In assessing the realizability of the deferred tax assets, management considered whether it is more likely than not that some or all of the deferred tax assets would be realized. As of January 29, 2022, we determined that it was more likely than not that we would not realize certain deferred tax assets and our tax rate for the current fiscal year reflects this determination. We will continue to evaluate this position.

Legal Proceedings (Notes)

Legal Proceedings (Notes)	9 Months Ended
	Jan. 29, 2022
Legal Proceedings	Note 13. Legal Proceedings We are involved in a variety of claims, suits, investigations and proceedings that arise from time to time in the ordinary course of our business, including actions with respect to contracts, intellectual property, taxation, employment, benefits, personal injuries and other matters. The results of these proceedings in the ordinary course of business are not expected to have a material adverse effect on our condensed consolidated financial position, results of operations, or cash flows.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 29, 2022
Basis of Presentation	Basis of Presentation and Consolidation Our condensed consolidated financial statements reflect our condensed consolidated financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States (“GAAP”). In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements of the Company contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly its consolidated financial position and the results of its operations and cash flows for the periods reported. These condensed consolidated financial statements are condensed and therefore do not include all of the information and footnotes required by GAAP. All material intercompany accounts and transactions have been eliminated in consolidation. Our business is highly seasonal. Our quarterly results also may fluctuate depending on the timing of the start of the various schools' semesters, as well as shifts in our fiscal calendar dates. These shifts in timing may affect the comparability of our results across periods. Our fiscal year is comprised of 52 or 53 weeks, ending on the Saturday closest to the last day of April. Due to the seasonal nature of the business, the results of operations for the 39 weeks ended January 29, 2022 are not indicative of the results expected for the 52 weeks ending April 30, 2022 (Fiscal 2022). For certain of our retail operations, sales are generally highest in the second and third fiscal quarters, when students purchase and rent textbooks and other course materials for the typical academic year, and lowest in the first and fourth fiscal quarters. Sales attributable to our wholesale business are generally highest in our first, second and third quarters, as MBS sells textbooks and other course materials for retail distribution. Our DSS segment sales and operating profit are realized relatively consistently throughout the year.
Use of Estimates	Use of Estimates In preparing financial statements in conformity with GAAP, we are required to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Merchandise Inventories	Merchandise Inventories Merchandise inventories, which consist of finished goods, are stated at the lower of cost or market. Market value of our inventory, which is all purchased finished goods, is determined based on its estimated net realizable value, which is generally the selling price less normally predictable costs of disposal and transportation. Reserves for non-returnable inventory are based on our history of liquidating non-returnable inventory, which includes certain significant assumptions, including markdowns, sales below cost, inventory aging and expected demand. Cost is determined primarily by the retail inventory method for our Retail segment and last-in first out, or “LIFO”, method for our Wholesale segment. Our textbook inventories, for Retail and Wholesale, and trade book inventories are valued using the LIFO method and the related reserve was not material to the recorded amount of our inventories. For our physical bookstores, we also estimate and accrue shortage for the period between the last physical count of inventory and the balance sheet date. Shortage rates are estimated and accrued based on historical rates and can be affected by changes in merchandise mix and changes in actual shortage trends. The Retail Segment fulfillment order is directed first to our wholesale business before other sources of inventory are utilized. The products that we sell originate from a wide variety of domestic and international vendors. After internal sourcing, the bookstore purchases textbooks from outside suppliers and publishers.
Textbook Rentals Inventories	Textbook Rental Inventories Physical textbooks out on rent are categorized as textbook rental inventories. At the time a rental transaction is consummated, the book is removed from merchandise inventories and moved to textbook rental inventories at cost. The cost of the book is amortized down to its estimated residual value over the rental period. The related amortization expense is included in cost of goods sold. At the end of the rental period, upon return, the book is removed from textbook rental inventories and recorded in merchandise inventories at its amortized cost.
Revenue Recognition	Revenue Recognition and Deferred Revenue Product sales and rentals The majority of our revenue is derived from the sale of products through our bookstore locations, including virtual bookstores, and our bookstore affiliated e-commerce websites, and contains a single performance obligation. Revenue from sales of our products is recognized at the point in time when control of the products is transferred to our customers in an amount that reflects the consideration we expect to be entitled to in exchange for the products. For additional information, see Note 3. Revenue. Retail product revenue is recognized when the customer takes physical possession of our products, which occurs either at the point of sale for products purchased at physical locations or upon receipt of our products by our customers for products ordered through our websites and virtual bookstores. Wholesale product revenue is recognized upon shipment of physical textbooks at which point title passes and risk of loss is transferred to the customer. Additional revenue is recognized for shipping charges billed to customers and shipping costs are accounted for as fulfillment costs within cost of goods sold. Revenue from the rental of physical textbooks, which contains a single performance obligation, is deferred and recognized over the rental period based on the passage of time commencing at the point of sale, when control of the product transfers to the customer. Rental periods are typically for a single semester and are always less than one year in duration. We offer a buyout option to allow the purchase of a rented physical textbook at the end of the rental period if the customer desires to do so. We record the buyout purchase when the customer exercises and pays the buyout option price which is determined at the time of the buyout. In these instances, we accelerate any remaining deferred rental revenue at the point of sale. Revenue from the rental of digital textbooks, which contains a single performance obligation, is recognized at the point of sale. A software feature is embedded within the content of our digital textbooks, such that upon expiration of the rental term the customer is no longer able to access the content. While the digital rental allows the customer to access digital content for a fixed period of time, once the digital content is delivered to the customer, our performance obligation is complete. We estimate returns based on an analysis of historical experience. A provision for anticipated merchandise returns is provided through a reduction of sales and cost of goods sold in the period that the related sales are recorded. For sales and rentals involving third-party products, we evaluate whether we are acting as a principal or an agent. Our determination is based on our evaluation of whether we control the specified goods or services prior to transferring them to the customer. There are significant judgments involved in determining whether we control the specified goods or services prior to transferring them to the customer including whether we have the ability to direct the use of the good or service and obtain substantially all of the remaining benefits from the good or service. For those transactions where we are the principal, we record revenue on a gross basis, and for those transactions where we are an agent to a third-party, we record revenue on a net basis. Effective April 4, 2021, as contemplated by the FLC Partnership's merchandising agreement and e-commerce agreement, we began to transition the fulfillment of logo and emblematic general merchandise sales to FLC and Fanatics. As the logo and emblematic general merchandise sales are fulfilled by FLC and Fanatics, we recognize commission revenue earned for these sales on a net basis in our condensed consolidated financial statements, as compared to the recognition of logo and emblematic sales on a gross basis in the periods prior to April 4, 2021. We do not have gift card or customer loyalty programs. We do not treat any promotional offers as expenses. Sales tax collected from our customers is excluded from reported revenues. Our payment terms are generally 30 days and do not extend beyond one year. Service and other revenue Service and other revenue is primarily derived from DSS segment subscription-based service revenues and partnership marketing services which includes promotional activities and advertisements within our physical bookstores and web properties performed on behalf of third-party customers. Subscription-based revenue, which contains a single performance obligation, is deferred and recognized based on the passage of time over the subscription period commencing at the point of sale, when control of the service transfers to the customer. The majority of subscriptions sold are one month in duration.
Lessee, Leases [Policy Text Block]	We recognize lease assets and lease liabilities on the condensed consolidated balance sheets for substantially all lease arrangements as required by FASB ASC 842, Leases (Topic 842). Our portfolio of leases consists of operating leases comprised of operations agreements which grant us the right to operate on-campus bookstores at colleges and universities; real estate leases for office and warehouse operations; and vehicle leases. We do not have finance leases or short-term leases (i.e., those with a term of twelve months or less). We recognize a right of use ("ROU") asset and lease liability in our condensed consolidated balance sheets for leases with a term greater than twelve months. Options to extend or terminate a lease are included in the determination of the ROU asset and lease liability when it is reasonably certain that such options will be exercised. Our lease terms generally range from one year to fifteen years and a number of agreements contain minimum annual guarantees, many of which are adjusted at the start of each contract year based on the actual sales activity of the leased premises for the most recently completed contract year. Payment terms are based on the fixed rates explicit in the lease, including minimum annual guarantees, and/or variable rates based on: i) a percentage of revenues or sales arising at the relevant premises ("variable commissions"), and/or ii) operating expenses, such as common area charges, real estate taxes and insurance. For contracts with fixed lease payments, including those with minimum annual guarantees, we recognize lease expense on a straight-line basis over the lease term or over the contract year in order to best reflect the pattern of usage of the underlying leased asset and our minimum obligations arising from these types of leases. Our lease agreements do not contain any material residual value guarantees, material restrictions or covenants. We used our incremental borrowing rates to determine the present value of fixed lease payments based on the information available at the lease commencement date, as the rate implicit in the lease is not readily determinable. We utilized an estimated collateralized incremental borrowing rate as of the effective date or the commencement date of the lease, whichever is later.
Cost of Sales, Policy [Policy Text Block]	Cost of Sales Our cost of sales primarily includes costs such as merchandise costs, textbook rental amortization, content development cost amortization, warehouse costs related to inventory management and order fulfillment, insurance, certain payroll costs, and management service agreement costs, including rent expense, related to our college and university contracts and other facility related expenses.
Selling, General and Administrative Expenses, Policy [Policy Text Block]	Selling and Administrative Expenses Our selling and administrative expenses consist primarily of store payroll and store operating expenses. Selling and administrative expenses also include long-term incentive plan compensation expense and general office expenses, such as merchandising, procurement, field support, finance and accounting, and operating costs related to our DSS segment subscription-based services business. Shared-service costs such as human resources, legal, treasury, information technology, and various other corporate level expenses and other governance functions, are not allocated to any specific reporting segment and are recorded in Corporate Services.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Evaluation of Goodwill and Other Long-Lived Assets As of January 29, 2022, we had $0, $0 and $4,700 of goodwill on our condensed consolidated balance sheet related to our Retail, Wholesale and DSS reporting units, respectively. In accordance with ASC 350-10, Intangibles - Goodwill and Other,
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	We review our long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable in accordance with ASC 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]	Intercompany Eliminations The eliminations are primarily related to the following intercompany activities: • The sales eliminations represent the elimination of Wholesale sales and fulfillment service fees to Retail and the elimination of Retail commissions earned from Wholesale, and • These cost of sales eliminations represent (i) the recognition of intercompany profit for Retail inventory that was purchased from Wholesale in a prior period that was subsequently sold to external customers during the current period and the elimination of Wholesale service fees charged for fulfillment of inventory for virtual store sales, net of (ii) the elimination of intercompany profit for Wholesale inventory purchases by Retail that remain in ending inventory at the end of the current period.
Share Repurchase [Policy Text Block]	Share Repurchases
Fair Values of Financial Instruments	In accordance with ASC No. 820, Fair Value Measurements and Disclosures , the fair value of an asset is considered to be the price at which the asset could be sold in an orderly transaction between unrelated knowledgeable and willing parties. A liability’s fair value is defined as the amount that would be paid to transfer the liability to a new obligor, not the amount that would be paid to settle the liability with the creditor. Assets and liabilities recorded at fair value are measured using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1—Observable inputs that reflect quoted prices in active markets Level 2—Inputs other than quoted prices in active markets that are either directly or indirectly observable Level 3—Unobservable inputs in which little or no market data exists, therefore requiring us to develop our own assumptions
Net Earnings (Loss) Per Share	Earnings Per ShareBasic EPS is computed based upon the weighted average number of common shares outstanding for the year. Diluted EPS is computed based upon the weighted average number of common shares outstanding for the year plus the dilutive effect of common stock equivalents using the treasury stock method and the average market price of our common stock for the year. We include participating securities (unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents) in the computation of EPS pursuant to the two-class method. Our participating securities consist solely of unvested restricted stock awards, which have contractual participation rights equivalent to those of stockholders of unrestricted common stock. The two-class method of computing earnings per share is an allocation method that calculates earnings per share for common stock and participating securities. During periods of net loss, no effect is given to the participating securities because they do not share in the losses of the Company.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	We recognize compensation expense for restricted stock awards and performance share awards ratably over the requisite service period of the award, which is generally three years. We recognize compensation expense for these awards based on the number of awards expected to vest, which includes an estimated average forfeiture rate. We calculate the fair value of these awards based on the closing stock price on the date the award was granted. For those awards with market conditions, we have determined the grant date fair value using the Monte Carlo simulation model and compensation expense is recognized ratably over the requisite service period regardless of whether the market condition is satisfied. For stock options granted with an "at market" exercise price, we determined the grant fair value using the Black-Scholes model and for stock options granted with "a premium" exercise price, we determined the grant date fair value using the Monte Carlo simulation model. The fair value models for stock options use assumptions that include the risk-free interest rate, expected volatility, expected dividend yield and expected term of the options.
Income Tax, Policy [Policy Text Block]	Income Taxes As of January 29, 2022, other long-term liabilities includes $25,335 related to the long-term tax payable associated with the LIFO reserve. The LIFO reserve is impacted by changes in the consumer price index (“CPI”) and is dependent on the inventory levels at the end of our tax year (on or about January 31st) which is in the middle of our second largest selling cycle. At the end of the most recent tax year, inventory levels declined as compared to the prior year resulting in approximately $745 of the LIFO reserve becoming currently payable. Given recent trends relating to the pricing and rental of textbooks, management believes that an additional portion of the remaining long-term tax payable associated with the LIFO reserve could be payable within the next twelve months. We are unable to predict future trends for CPI and inventory levels, therefore it is difficult to project with reasonable certainty how much of this liability will become payable within the next twelve months.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy	Restricted Cash As of January 29, 2022 and January 30, 2021, we had restricted cash of $2,775 and $766, respectively, comprised of $1,878 and $0, respectively, in prepaid and other current assets in the condensed consolidated balance sheet related to segregated funds for commission due to FLC for logo merchandise sales as per the FLC Partnership's merchandising agreement, and $897 and $766, respectively, in other noncurrent assets in the condensed consolidated balance sheet related to amounts held in trust for future distributions related to employee benefit plans.

Compensation Related Costs, Sha

Compensation Related Costs, Share Based Payments (Policies)	9 Months Ended
	Jan. 29, 2022
Share-based Payment Arrangement [Abstract]
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	We recognize compensation expense for restricted stock awards and performance share awards ratably over the requisite service period of the award, which is generally three years. We recognize compensation expense for these awards based on the number of awards expected to vest, which includes an estimated average forfeiture rate. We calculate the fair value of these awards based on the closing stock price on the date the award was granted. For those awards with market conditions, we have determined the grant date fair value using the Monte Carlo simulation model and compensation expense is recognized ratably over the requisite service period regardless of whether the market condition is satisfied. For stock options granted with an "at market" exercise price, we determined the grant fair value using the Black-Scholes model and for stock options granted with "a premium" exercise price, we determined the grant date fair value using the Monte Carlo simulation model. The fair value models for stock options use assumptions that include the risk-free interest rate, expected volatility, expected dividend yield and expected term of the options.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Jan. 29, 2022
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	Disaggregation of Revenue The following table disaggregates the revenue associated with our major product and service offerings: 13 weeks ended 36 weeks ended January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Retail Product Sales (a) $ 340,706 $ 338,495 $ 1,076,122 $ 998,158 Rental Income 25,085 38,111 87,757 92,568 Service and Other Revenue (b) 8,949 11,063 30,282 32,233 Retail Total Sales $ 374,740 $ 387,669 $ 1,194,161 $ 1,122,959 Wholesale Sales $ 37,039 $ 39,465 $ 103,192 $ 156,146 DSS Sales (c) $ 9,430 $ 7,206 $ 26,012 $ 19,025 Eliminations (d) $ (18,411) $ (22,727) $ (52,796) $ (87,018) Total Sales $ 402,798 $ 411,613 $ 1,270,569 $ 1,211,112 (a) Effective April 4, 2021, as contemplated by the FLC Partnership's merchandising agreement and e-commerce agreement, we began to transition the fulfillment of logo and emblematic general merchandise sales to FLC and Fanatics. As the logo and emblematic general merchandise sales are fulfilled by FLC and Fanatics, we recognize commission revenue earned for these sales on a net basis in our condensed consolidated financial statements, as compared to the recognition of logo and emblematic sales on a gross basis in the periods prior to April 4, 2021. (b) Service and other revenue primarily relates to brand partnerships and other service revenues. (c) DSS sales primarily relate to direct-to-student subscription-based revenue. (d) The sales eliminations represent the elimination of Wholesale sales and fulfillment service fees to Retail and the elimination of Retail commissions earned from Wholesale.
Contract with Customer, Asset and Liability [Table Text Block]	The following table presents changes in deferred revenue associated with our contract liabilities: 39 weeks ended January 29, 2022 January 30, 2021 Deferred revenue at the beginning of period $ 18,139 $ 13,373 Additions to deferred revenue during the period 141,071 148,777 Reductions to deferred revenue for revenue recognized during the period (103,619) (111,028) Deferred revenue balance at the end of period $ 55,591 $ 51,122

Segment Reporting Segment Repor

Segment Reporting Segment Reporting (Tables)	9 Months Ended
	Jan. 29, 2022
Segment Reporting Information [Line Items]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Summarized financial information for our reportable segments is reported below: 13 weeks ended 39 weeks ended January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Sales: Retail $ 374,740 $ 387,669 $ 1,194,161 $ 1,122,959 Wholesale 37,039 39,465 103,192 156,146 DSS 9,430 7,206 26,012 19,025 Elimination (18,411) (22,727) (52,796) (87,018) Total Sales $ 402,798 $ 411,613 $ 1,270,569 $ 1,211,112 Gross Profit Retail (a) $ 69,161 $ 53,523 $ 246,129 $ 165,170 Wholesale 8,104 10,658 24,129 38,129 DSS 7,932 5,882 21,868 15,290 Elimination 1,764 549 423 (1,830) Total Gross Profit $ 86,961 $ 70,612 $ 292,549 $ 216,759 Depreciation and Amortization Retail $ 8,939 $ 9,806 $ 27,015 $ 30,361 Wholesale 1,396 1,614 4,060 4,231 DSS 1,826 1,863 5,627 5,883 Corporate Services 18 24 53 88 Total Depreciation and Amortization $ 12,179 $ 13,307 $ 36,755 $ 40,563 Operating (Loss) Income Retail $ (30,845) $ (59,996) $ (32,605) $ (107,740) Wholesale 2,767 4,708 7,750 21,625 DSS (1,669) (2,567) (5,286) (6,218) Corporate Services (5,188) (7,451) (20,414) (22,847) Elimination 1,800 604 556 (1,704) Total Operating Loss $ (33,135) $ (64,702) $ (49,999) $ (116,884)
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	13 weeks ended 39 weeks ended Reconciliation of segment Operating Loss to consolidated Loss Before Income Taxes: January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Total Operating Loss $ (33,135) $ (64,702) $ (49,999) $ (116,884) Interest Expense, net 3,051 2,311 7,809 5,876 Loss Before Income Taxes $ (36,186) $ (67,013) $ (57,808) $ (122,760) (a) For the 39 weeks ended January 29, 2022, gross margin includes a merchandise inventory loss of $434 in the Retail Segment. See Note 2. Summary of Significant Accounting Policies - Merchandise Inventories .

Net Earnings (Loss) Per Share (

Net Earnings (Loss) Per Share (Tables)	9 Months Ended
	Jan. 29, 2022
Reconciliation of Basic and Diluted Loss Per Share	The following is a reconciliation of the basic and diluted earnings per share calculation: 13 weeks ended 39 weeks ended (shares in thousands) January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Numerator for basic and diluted earnings per share: Net loss available to common shareholders $ (36,801) $ (48,289) $ (58,619) $ (87,426) Denominator for basic and diluted earnings per share: Basic and diluted weighted average shares of Common Stock 52,003 50,082 51,714 49,099 Loss per share of Common Stock: Basic $ (0.71) $ (0.96) $ (1.13) $ (1.78) Diluted $ (0.71) $ (0.96) $ (1.13) $ (1.78)

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jan. 29, 2022
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following table summarizes our minimum fixed lease obligations, excluding variable commissions, as of January 29, 2022: As of January 29, 2022 Remainder of Fiscal 2022 $ 65,338 Fiscal 2023 55,784 Fiscal 2024 44,086 Fiscal 2025 40,366 Fiscal 2026 29,228 Thereafter 72,943 Total lease payments 307,745 Less: imputed interest (38,048) Operating lease liabilities at period end $ 269,697
Supplemental Operating Lease Disclosures [Table Text Block]	The following summarizes additional information related to our operating leases: As of January 29, 2022 January 30, 2021 Weighted average remaining lease term (in years) 5.2 years 5.5 years Weighted average discount rate 4.6 % 4.7 % Supplemental cash flow information: Cash payments for lease liabilities within operating activities $ 95,042 $ 75,851 ROU assets obtained in exchange for lease liabilities from initial recognition $ 86,900 $ 108,873
Lease, Cost	The following table summarizes lease expense: 13 weeks ended 39 weeks ended January 29, 2022 January 30, 2021 January 29, 2022 January 30, 2021 Variable lease expense $ 18,306 $ 27,399 $ 60,746 $ 62,081 Operating lease expense 33,838 28,127 99,201 87,558 Net lease expense $ 52,144 $ 55,526 $ 159,947 $ 149,639

Stock-Based Compensation Stoc_2

Stock-Based Compensation Stock-Based Compensation (Tables)	9 Months Ended
	Jan. 29, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	We recognized compensation expense for long-term incentive plan awards in selling and administrative expenses as follows: 13 weeks ended 39 weeks ended January 29, January 30, January 29, January 30, Stock-based awards Restricted stock expense $ 94 $ 88 $ 301 $ 138 Restricted stock units expense 1,106 786 2,767 3,121 Performance share units expense 28 12 91 217 Stock option expense 635 270 1,304 381 Sub-total stock-based awards: $ 1,863 $ 1,156 $ 4,463 $ 3,857 Cash settled awards Phantom share units expense $ 192 $ 1,505 $ 5,116 $ 1,729 Total compensation expense for long-term incentive awards $ 2,055 $ 2,661 $ 9,579 $ 5,586

Summary of Significant Accoun_3

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended	9 Months Ended
	Jan. 29, 2022	Jul. 31, 2021	Jan. 30, 2021	Oct. 30, 2021	Jan. 29, 2022	Jan. 30, 2021	May 01, 2021
Operating Lease, Right-of-Use Asset	$ 229,259		$ 242,937		$ 229,259	$ 242,937	$ 240,456
Operating Lease, Liability	269,697				269,697
Goodwill	4,700		4,700		4,700	4,700	4,700
Property, Plant and Equipment, Net	93,752		87,405		93,752	87,405	89,172
Intangible Assets, Net (Excluding Goodwill)	133,975		155,536		133,975	155,536	150,904
Liabilities, Current	611,270		550,234		611,270	550,234	$ 372,962
Other Deferred Compensation Arrangements, Liability, Current			1,093			1,093
Restricted Cash	2,775		766		2,775	766
Restricted Cash, Current	1,878		0		1,878	0
Restricted Cash, Noncurrent	897		766		897	766
Other Nonrecurring Expense	6,411		27,630		6,411	27,630
other nonrecurring expense net of tax	6,411		20,506		6,411	20,506
Property, Plant and Equipment
Other Nonrecurring Expense	739		5,085		739	5,085
Property Subject to Operating Lease
Other Nonrecurring Expense	1,793		13,328		1,793	13,328
Other Intangible Assets
Other Nonrecurring Expense	3,668		6,278		3,668	6,278
Other Noncurrent Assets
Other Nonrecurring Expense	211		$ 2,939		211	$ 2,939
Inventories
Proceeds from Sale of Other Assets		$ 41,773		$ 1,906
Gain (Loss) on Disposition of Other Assets		$ 10,262			434
Deferred Tax Asset Current [Member]
Liabilities, Noncurrent	25,335				25,335
Liabilities, Current	745				745
Wholesale [Member]
Goodwill	0				0
DSS [Member]
Goodwill	4,700				4,700
Retail Segment [Member]
Goodwill	$ 0				$ 0

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021	May 01, 2021	May 02, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 402,798	$ 411,613	$ 1,270,569	$ 1,211,112
Rental income	25,085	38,111	87,757	92,568
Contract with Customer, Asset, Net	0	0	0	0	$ 0
Deferred Revenue, Current	51,125	47,166	51,125	47,166	13,469
Deferred Revenue, Noncurrent	4,466	3,956	4,466	3,956	4,670
Deferred Revenue	55,591	51,122	55,591	51,122	$ 18,139	$ 13,373
Deferred Revenue, Additions			141,071	148,777
Contract with Customer, Liability, Revenue Recognized			(103,619)	(111,028)
Corporate, Non-Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	(18,411)	(22,727)	(52,796)	(87,018)
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Revenues	374,740	387,669	1,194,161	1,122,959
Rental income	25,085	38,111	87,757	92,568
Retail Segment [Member] | Retail Product [Member]
Disaggregation of Revenue [Line Items]
Revenues	340,706	338,495	1,076,122	998,158
Retail Segment [Member] | Service and Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	8,949	11,063	30,282	32,233
Wholesale [Member]
Disaggregation of Revenue [Line Items]
Revenues	37,039	39,465	103,192	156,146
DSS [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 9,430	$ 7,206	$ 26,012	$ 19,025

Segment Reporting Segment Rep_2

Segment Reporting Segment Reporting (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Jan. 29, 2022USD ($)Store	Jul. 31, 2021USD ($)	Jan. 30, 2021USD ($)	Jan. 29, 2022USD ($)Storesegment	Jan. 30, 2021USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment				3
Number of Stores | Store	1,441			1,441
Revenues	$ 402,798		$ 411,613	$ 1,270,569	$ 1,211,112
Gross Profit	86,961		70,612	292,549	216,759
Depreciation and amortization expense	12,179		13,307	36,755	40,563
Operating Income (Loss)	(33,135)		(64,702)	(49,999)	(116,884)
Interest expense, net	3,051		2,311	7,809	5,876
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(36,186)		(67,013)	(57,808)	(122,760)
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(18,411)		(22,727)	(52,796)	(87,018)
Gross Profit	1,764		549	423	(1,830)
Operating Income (Loss)	1,800		604	556	(1,704)
Inventories
Segment Reporting Information [Line Items]
Gain (Loss) on Disposition of Other Assets		$ 10,262		434
Retail Segment [Member]
Segment Reporting Information [Line Items]
Revenues	374,740		387,669	1,194,161	1,122,959
Gross Profit	69,161		53,523	246,129	165,170
Depreciation and amortization expense	8,939		9,806	27,015	30,361
Operating Income (Loss)	$ (30,845)		(59,996)	$ (32,605)	(107,740)
Wholesale [Member]
Segment Reporting Information [Line Items]
Number of Wholesale Customers | Store				3,100
Number of System Customers | Store	400			400
Revenues	$ 37,039		39,465	$ 103,192	156,146
Gross Profit	8,104		10,658	24,129	38,129
Depreciation and amortization expense	1,396		1,614	4,060	4,231
Operating Income (Loss)	2,767		4,708	7,750	21,625
DSS [Member]
Segment Reporting Information [Line Items]
Revenues	9,430		7,206	26,012	19,025
Gross Profit	7,932		5,882	21,868	15,290
Depreciation and amortization expense	1,826		1,863	5,627	5,883
Operating Income (Loss)	(1,669)		(2,567)	(5,286)	(6,218)
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Revenues	(18,411)		(22,727)	(52,796)	(87,018)
Depreciation and amortization expense	18		24	53	88
Operating Income (Loss)	$ (5,188)		$ (7,451)	$ (20,414)	$ (22,847)
Physical Stores [Member]
Segment Reporting Information [Line Items]
Number of Stores | Store	799			799
Virtual Stores [Member]
Segment Reporting Information [Line Items]
Number of Stores | Store	642			642

Net Earnings (Loss) Per Share -

Net Earnings (Loss) Per Share - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021	Dec. 14, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock Repurchase Program, Authorized Amount					$ 50,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 26,669		$ 26,669
Shares Paid for Tax Withholding for Share Based Compensation			239,751
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,233,063	4,005,236	3,295,417	3,234,606
Earnings Per Share, Basic	$ (0.71)	$ (0.96)	$ (1.13)	$ (1.78)
Earnings Per Share, Diluted	$ (0.71)	$ (0.96)	$ (1.13)	$ (1.78)
Weighted Average Number of Shares Outstanding, Basic and Diluted	52,003,000	50,082,000	51,714,000	49,099,000
Net Income (Loss) Available to Common Stockholders, Basic	$ (36,801)	$ (48,289)	$ (58,619)	$ (87,426)
Net Income (Loss) Available to Common Stockholders, Diluted	$ (36,801)	$ (48,289)	$ (58,619)	$ (87,426)
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	13,409,345		13,409,345
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized			3,000,000
Stock Issued During Period, Shares, Treasury Stock Reissued				2,307,692
Proceeds from Issuance of Common Stock				$ 15,000
Sale of Stock, Price Per Share		$ 6.50		$ 6.50
Contract with Customer, Liability		$ 4,131		$ 4,131
Contract with Customer, Liability, Current	$ 211	175	$ 211	175
Contract with Customer, Liability, Noncurrent	$ 3,762	$ 3,956	$ 3,762	$ 3,956

Fair Values of Financial Inst_2

Fair Values of Financial Instruments Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021
Fair Value Disclosures [Abstract]
Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent		$ 636		$ 636
Other Deferred Compensation Arrangements, Liability, Current and Noncurrent		1,729		1,729
Other Deferred Compensation Arrangements, Liability, Current		1,093		1,093
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Deferred Compensation Arrangements, Liability, Current		1,093		1,093
Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent		636		636
Other Nonrecurring Expense	$ 6,411	27,630	$ 6,411	27,630
other nonrecurring expense net of tax	6,411	20,506	6,411	20,506
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset	7,997	43,194	7,997	43,194
Property, Plant, and Equipment, Fair Value Disclosure	3	420	3	420
OperatingLeaseRightOfUseAssetfairvalue	1,506	13,099	1,506	13,099
Finite-lived Intangible Assets, Fair Value Disclosure	77	1,445	77	1,445
Other Assets, Fair Value Disclosure	0	600	0	600
Fair Value, Net Asset (Liability)	1,586	15,564	1,586	15,564
Property, Plant and Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Nonrecurring Expense	739	5,085	739	5,085
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset	742	5,505	742	5,505
Property Subject to Operating Lease
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Nonrecurring Expense	1,793	13,328	1,793	13,328
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset	3,299	26,427	3,299	26,427
Other Intangible Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Nonrecurring Expense	3,668	6,278	3,668	6,278
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset	3,745	7,723	3,745	7,723
Other Noncurrent Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Nonrecurring Expense	211	2,939	211	2,939
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset	211	$ 3,539	211	$ 3,539
Phantom Share Units (PSUs)
Fair Value Disclosures [Abstract]
Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent	1,269		1,269
Other Deferred Compensation Arrangements, Liability, Current and Noncurrent	3,666		3,666
Other Deferred Compensation Arrangements, Liability, Current	2,397		2,397
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Deferred Compensation Arrangements, Liability, Current	2,397		2,397
Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent	$ 1,269		$ 1,269

Credit Facility - Additional In

Credit Facility - Additional Information (Details) - USD ($) $ in Thousands	Mar. 04, 2022	Jan. 29, 2022	Jan. 30, 2021	May 01, 2021
Line of Credit Facility [Line Items]
Line Of Credit Potential Increase Amount		$ 100,000
Proceeds from Lines of Credit		463,220	$ 547,600
Repayments of Lines of Credit		440,420	571,500
Long-term Line of Credit, Noncurrent		200,400	150,800	$ 127,600
Short-term Debt		0	0	$ 50,000
Letters of Credit Outstanding, Amount		4,759	4,759
Debt, Long-term and Short-term, Combined Amount		200,400	$ 150,800
Subsequent Event
Line of Credit Facility [Line Items]
Long-term Debt, Description	On March 4, 2022, we were granted a waiver to the condition to the upcoming draw under the FILO Facility, scheduled for April 2022, that Consolidated EBITDA (as defined in the Credit Agreement) minus Restricted Payments (as defined in the Credit Agreement) equal at least $110,000. Under the waiver amendment, the commitment under the FILO Facility of $25,000 was increased to $40,000, with all remaining terms unchanged.
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 500,000
New Credit Facility [Member]
Line of Credit Facility [Line Items]
Credit Facility Maturity Term		5 years
Line of Credit Facility, Maximum Borrowing Capacity		$ 400,000
FILO [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 100,000

Leases Leases (Details)

Leases Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	5 years 2 months 12 days	5 years 6 months	5 years 2 months 12 days	5 years 6 months
Variable Lease, Cost	$ 18,306	$ 27,399	$ 60,746	$ 62,081
Lease, Cost	33,838	28,127	99,201	87,558
Operating Lease, Expense	52,144	$ 55,526	159,947	$ 149,639
Lessee, Operating Lease, Liability, Payments, Due Year Two	55,784		55,784
Lessee, Operating Lease, Liability, Payments, Due Year Three	44,086		44,086
Lessee, Operating Lease, Liability, Payments, Due Year Four	40,366		40,366
Lessee, Operating Lease, Liability, Payments, Due Year Five	29,228		29,228
Lessee, Operating Lease, Liability, Payments, Due after Year Five	72,943		72,943
Lessee, Operating Lease, Liability, Payments, Due	307,745		307,745
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	38,048		38,048
Operating Lease, Liability	$ 269,697		$ 269,697
Operating Lease, Weighted Average Discount Rate, Percent	4.60%	4.70%	4.60%	4.70%
Operating Lease, Payments			$ 95,042	$ 75,851
ROU Asst Obtained in Exchange for Lease Liabilites			86,900	$ 108,873
Lessee, Operating Lease, Liability, to be Paid, Year One	$ 65,338		$ 65,338

Supplementary Information (Deta

Supplementary Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021
Restructuring and other charges	$ 46	$ 1,669	$ 3,785	$ 10,727
Other Nonrecurring Expense	6,411	27,630	6,411	27,630
other nonrecurring expense net of tax	6,411	20,506	6,411	20,506
Property, Plant and Equipment
Other Nonrecurring Expense	739	5,085	739	5,085
Property Subject to Operating Lease
Other Nonrecurring Expense	1,793	13,328	1,793	13,328
Other Intangible Assets
Other Nonrecurring Expense	3,668	6,278	3,668	6,278
Other Noncurrent Assets
Other Nonrecurring Expense	211	2,939	211	2,939
Employee Severance [Member]
Restructuring and other charges	0	1,285	1,968	5,756
Other Restructuring [Member]
Restructuring and other charges	46	384	1,817	4,971
Employee Severance [Member]
Accrued Salaries	$ 202	$ 4,660	$ 202	$ 4,660

Stock-Based Compensation Stoc_3

Stock-Based Compensation Stock-Based Compensation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation			$ 4,463,000	$ 3,857,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 18,042,000		$ 18,042,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			2 years 7 months 6 days
Other Deferred Compensation Arrangements, Liability, Current and Noncurrent		$ 1,729,000		1,729,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			35,412
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			849,366
Restricted Stock Units (RSUs) [Member] | us-gaap_ShareBasedPaymentArrangementBODMember
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			47,216
Equity Option | OptionsAtMarket [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option Indexed to Issuer's Equity, Strike Price			$ 10.80
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used			Black-Scholes
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			0.94%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			6 years 2 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			74.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate			0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 7.10		$ 7.10
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			322,495
Equity Option | OptionsAtPremium [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option Indexed to Issuer's Equity, Strike Price			$ 13.30
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used			Monte Carlo
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			0.94%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			74.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate			0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 6.73		$ 6.73
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			348,723
Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other Deferred Compensation Arrangements, Liability, Current and Noncurrent	$ 3,666,000		$ 3,666,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			183,348
Phantom Share Units (PSUs) | Phantom Share Grant 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 8.50		$ 8.50
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsVolatility			78%-92%
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum			0.08%-0.53%
Share-based Compensation Arrangement by Share-based Payment Award, Description, Maximum Settlement Price			$ 32.40
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	$ 1,863,000	1,156,000	4,463,000	3,857,000
us-gaap_LongTermIncentivePlanCompensation [Line Items]	2,055,000	2,661,000	9,579,000	5,586,000
Selling, General and Administrative Expenses [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	94,000	88,000	301,000	138,000
Selling, General and Administrative Expenses [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	1,106,000	786,000	2,767,000	3,121,000
Selling, General and Administrative Expenses [Member] | Performance Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	28,000	12,000	91,000	217,000
Selling, General and Administrative Expenses [Member] | Equity Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation	635,000	270,000	1,304,000	381,000
Selling, General and Administrative Expenses [Member] | Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 192,000	$ 1,505,000	$ 5,116,000	$ 1,729,000

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2022	Jan. 30, 2021	Jan. 29, 2022	Jan. 30, 2021
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ 615	$ (18,724)	$ 811	$ (35,334)
Effective Income Tax Rate Reconciliation, Percent	(1.70%)	27.90%	(1.40%)	28.80%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ (36,186)	$ (67,013)	$ (57,808)	$ (122,760)