National Beverage (FIZZ) 10-Q 5 Sep 24 2025 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jul. 27, 2024	Sep. 03, 2024
Document Information [Line Items]
Entity Central Index Key	0000069891
Entity Registrant Name	National Beverage Corp.
Amendment Flag	false
Current Fiscal Year End Date	--05-03
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 27, 2024
Document Transition Report	false
Entity File Number	1-14170
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	59-2605822
Entity Address, Address Line One	8100 SW Tenth Street, Suite 4000
Entity Address, City or Town	Fort Lauderdale
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33324
City Area Code	954
Local Phone Number	581-0922
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	FIZZ
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		93,611,846

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jul. 27, 2024	Apr. 27, 2024
Assets
Cash and cash equivalents	$ 77,040	$ 327,047
Trade receivables, net	116,029	102,837
Inventories	90,629	84,603
Prepaid Expense and Other Assets, Current	9,516	22,385
Total current assets	293,214	536,872
Property, plant and equipment, net	158,446	159,730
Operating lease right-of-use assets	50,627	53,498
Goodwill	13,145	13,145
Intangible assets	1,615	1,615
Other assets	5,525	5,293
Total assets	522,572	770,153
Liabilities and Shareholders' Equity
Accounts payable	73,894	78,283
Accrued Liabilities, Current	49,767	46,565
Operating lease liabilities	12,821	13,079
Income taxes payable	11,000	0
Total current liabilities	147,482	137,927
Deferred income taxes net	21,059	23,247
Operating lease liabilities	39,110	41,688
Other liabilities	8,325	7,779
Total liabilities	215,976	210,641
Commitments and contingencies
Shareholders' equity:
Preferred stock, $1 par value - 1,000,000 shares authorized Series C - 150,000 shares issued	150	150
Common stock, $.01 par value - 200,000,000 shares authorized; 101,985,358 and 101,942,658 shares issued, respectively	1,020	1,019
Additional paid-in capital	43,092	42,588
Retained earnings	287,709	535,077
Accumulated other comprehensive (loss) income	(1,142)	4,911
Common stock, value	(19,133)	(19,133)
Total shareholders' equity	306,596	559,512
Total liabilities and shareholders' equity	522,572	770,153
Series C Preferred Stock [Member]
Shareholders' equity:
Treasury stock Series C preferred stock, value	$ (5,100)	$ (5,100)

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jul. 27, 2024	Apr. 27, 2024
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	150,000	150,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	101,985,358	101,942,658
Common stock, shares (in shares)	8,374,112	8,374,112
Series C Preferred Stock [Member]
Series C preferred stock, shares (in shares)	150,000	150,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 27, 2024	Jul. 29, 2023
Net sales	$ 329,473	$ 324,240
Cost of sales	207,041	209,759
Gross profit	122,432	114,481
Selling, general and administrative expenses	52,917	51,377
Operating income	69,515	63,104
Other income, net	4,347	2,063
Income before income taxes	73,862	65,167
Provision for income taxes	17,082	15,536
Net income	$ 56,780	$ 49,631
Earnings per common share:
Basic (in dollars per share)	$ 0.61	$ 0.53
Diluted (in dollars per share)	$ 0.61	$ 0.53
Weighted average common shares outstanding:
Basic (in shares)	93,569	93,354
Diluted (in shares)	93,667	93,610

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 27, 2024	Jul. 29, 2023
Net income	$ 56,780	$ 49,631
Cash flow hedges	(6,053)	(211)
Comprehensive income	$ 50,727	$ 49,420

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock, Common [Member]	Series C Preferred Stock [Member] Preferred Stock [Member]	Series C Preferred Stock [Member] Treasury Stock, Preferred [Member]
Balance (in shares)		101,727,000					150,000	150,000
Balance (in shares) at Apr. 30, 2023		101,727,000					150,000	150,000
Balance at Apr. 30, 2023		$ 1,017	$ 40,393	$ 358,345	$ (3,185)	$ (19,133)	$ 150	$ (5,100)
Stock options exercised (in shares)		0
Stock options exercised		$ 0	0
Stock-based compensation expense			168
Net income	$ 49,631			49,631
Common stock cash dividend				0
Cash flow hedges	(211)				(211)
Balance at Jul. 29, 2023	422,075	$ 1,017	40,561	407,976	(3,396)
Balance (in shares)		101,727,000				8,374,000
Balance (in shares)		101,942,000					150,000	150,000
Balance (in shares) at Apr. 27, 2024		101,942,000					150,000	150,000
Balance at Apr. 27, 2024	$ 559,512	$ 1,019	42,588	535,077	4,911	$ (19,133)	$ 150	$ (5,100)
Stock options exercised (in shares)	42,700	43,000
Stock options exercised		$ 1	344
Stock-based compensation expense			160
Net income	$ 56,780			56,780
Common stock cash dividend	(304,100)			(304,148)
Cash flow hedges	(6,053)				(6,053)
Balance at Jul. 27, 2024	$ 306,596	$ 1,020	$ 43,092	$ 287,709	$ (1,142)
Balance (in shares)		101,985,000				8,374,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 27, 2024	Jul. 29, 2023
Operating Activities:
Net income	$ 56,780	$ 49,631
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,393	4,956
Deferred income taxes	(312)	4,284
Loss on disposal of property, plant and equipment, net	2	3
Stock-based compensation expense	160	171
Non-cash operating lease expense	3,556	3,329
Changes in assets and liabilities:
Trade receivables	(13,192)	(2,762)
Inventories	(6,026)	579
Prepaid and other assets	6,872	1,559
Accounts payable	(4,389)	2,217
Accrued and other liabilities	12,175	9,478
Operating lease liabilities	(3,520)	(3,302)
Net cash provided by operating activities	57,499	70,143
Investing Activities:
Purchases of property, plant and equipment	(3,704)	(5,474)
Proceeds from sale of property, plant and equipment	1	26
Net cash used in investing activities	(3,703)	(5,448)
Financing Activities:
Dividends paid on common stock	(304,148)	0
Proceeds from stock options exercised	345	0
Net cash used in financing activities	(303,803)	0
Net (Decrease) Increase in Cash and Cash Equivalents	(250,007)	64,695
Cash and Cash Equivalents - Beginning of Period	327,047	158,074
Cash and Cash Equivalents - End of Period	77,040	222,769
Supplemental Cash Flow Information:
Interest paid	25	112
Income taxes paid	223	1
Non-Cash Activities:
Right-of-use assets obtained in exchange for lease liabilities	$ 684	$ 3,589

Note 1 - Significant Accounting

Note 1 - Significant Accounting Policies	3 Months Ended
	Jul. 27, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Basis of Presentation The condensed consolidated financial statements include the accounts of National Beverage Corp. and its subsidiaries. All significant intercompany transactions and accounts have been eliminated. The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles and rules and regulations of the Securities and Exchange Commission for interim financial reporting. Accordingly, they do not 10 April 27, 2024. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the interim unaudited condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Results for the interim periods presented are not Fair Value of Financial Instruments The carrying values of the Company’s financial instruments, including cash and cash equivalents, trade receivables, accounts payable and accrued liabilities, approximate fair value due to the relatively short maturity of the respective instruments. Derivative financial instruments which are used to partially mitigate our exposure to changes in certain raw material costs are recorded at fair value. Derivative financial instruments are not 6 Inventories Inventories are stated at the lower of first first July 27, 2024 April 27, 2024 Shipping and Handling Costs Shipping and handling costs are reported in selling, general and administrative expenses in the accompanying condensed consolidated statements of income. Such costs were $19.5 million and $20.9 million for the three July 27, 2024 July 29, 2023, may not Marketing Costs The Company utilizes a variety of marketing programs, including cooperative advertising programs with customers, to advertise and promote its beverages to consumers. Marketing costs are expensed when incurred, except for prepaid advertising and production costs, which are expensed when the advertising takes place. Marketing costs, which are included in selling, general and administrative expenses, were $11.5 million and $10.8 million for the three July 27, 2024 July 29, 2023, Earnings Per Common Share Basic earnings per common share is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated in a similar manner, but includes the dilutive effect of stock options amounting to 98,000 and 256,000 shares in the three July 27, 2024 July 29, 2023,

Note 2 - Property, Plant and Eq

Note 2 - Property, Plant and Equipment, Net	3 Months Ended
	Jul. 27, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	2. Property, plant and equipment, net consist of the following: (In thousands) July 27, 2024 April 27, 2024 Land $ 9,835 $ 9,835 Buildings and improvements 71,757 71,754 Machinery and equipment 317,646 314,079 Total 399,238 395,668 Less: accumulated depreciation (240,792 ) (235,938 ) Property, plant and equipment, net $ 158,446 $ 159,730 Depreciation expense was $5.0 million and $4.6 million for the three July 27, 2024 July 29, 2023,

Note 3 - Leases

Note 3 - Leases	3 Months Ended
	Jul. 27, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	3. The Company has entered into various non-cancelable operating lease agreements for certain offices, buildings and machinery and equipment which expire at various dates through May 2036. not not three July 27, 2024 July 29, 2023, July 27, 2024, April 27, 2024, three July 27, 2024 July 29, 2023, The following is a summary of future minimum lease payments and related liabilities for all non-cancelable operating leases as of July 27, 2024: (In thousands) Fiscal 2025 – Remaining 3 quarters $ 11,254 Fiscal 2026 13,465 Fiscal 2027 11,916 Fiscal 2028 7,016 Fiscal 2029 5,829 Thereafter 8,423 Total minimum lease payments including interest 57,903 Less: Amounts representing interest (5,972 ) Present value of minimum lease payments 51,931 Less: Current portion of lease obligations (12,821 ) Non-current portion of lease obligations $ 39,110

Note 4 - Debt

Note 4 - Debt	3 Months Ended
	Jul. 27, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	4. At July 27, 2024, October 28, 2024 May 30, 2025 SOFR July 27, 2024 April 27, 2024. July 27, 2024, On December 21, 2021, July 27, 2024 April 27, 2024. December 31, 2025 SOFR The Credit Facilities and Loan Facility require the subsidiary to maintain certain financial ratios, including debt to net worth and debt to EBITDA (as defined in the credit agreements), and contain other restrictions, none July 27, 2024,

Note 5 - Stock Options

Note 5 - Stock Options	3 Months Ended
	Jul. 27, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	5. During the three July 27, 2024, July 27, 2024,

Note 6 - Derivative Financial I

Note 6 - Derivative Financial Instruments - USD ($) $ in Thousands	3 Months Ended
	Jul. 27, 2024	Apr. 27, 2024
Liabilities, Current [Abstract]
Accrued Liabilities, Current	$ 49,767	$ 46,565
Assets, Current [Abstract]
Prepaid Expense and Other Assets, Current	$ 9,516	$ 22,385
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	6. From time to time, we enter into aluminum swap contracts to partially mitigate our exposure to changes in the cost of aluminum containers. Such financial instruments are designated and accounted for as cash flow hedges. Accordingly, gains or losses attributable to the effective portion of the cash flow hedge are reported in accumulated other comprehensive income (loss) (“AOCI”) and reclassified into cost of sales in the period in which the hedged transaction affects earnings. The ineffective portion of the change in fair value of our cash flow hedge was immaterial. The following summarizes the gains (losses) recognized in the Condensed Consolidated Statements of Income and AOCI: Three Months Ended July 27, 2024 July 29, 2023 Recognized in AOCI: Loss before income taxes $ (7,198 ) $ (4,040 ) Less: income tax benefit (1,704 ) (966 ) Net (5,494 ) (3,074 ) Reclassified from AOCI to cost of sales: Gain (loss) before income taxes 732 (3,763 ) Less: income tax provision (benefit) 173 (900 ) Net 559 (2,863 ) Net change to AOCI $ (6,053 ) $ (211 ) As of July 27, 2024, no 12 three As of July 27, 2024, accrued liabilities April 27, 2024, prepaid and other assets not 2

Note 7 - Cash Dividend

Note 7 - Cash Dividend	3 Months Ended
	Jul. 27, 2024
Notes to Financial Statements
Cash Dividend [Text Block]	7. On June 12, 2024, June 24, 2024. July 24, 2024.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jul. 27, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	OTHER
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 27, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The condensed consolidated financial statements include the accounts of National Beverage Corp. and its subsidiaries. All significant intercompany transactions and accounts have been eliminated. The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles and rules and regulations of the Securities and Exchange Commission for interim financial reporting. Accordingly, they do not 10 April 27, 2024.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the interim unaudited condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Results for the interim periods presented are not
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments The carrying values of the Company’s financial instruments, including cash and cash equivalents, trade receivables, accounts payable and accrued liabilities, approximate fair value due to the relatively short maturity of the respective instruments. Derivative financial instruments which are used to partially mitigate our exposure to changes in certain raw material costs are recorded at fair value. Derivative financial instruments are not 6
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of first first July 27, 2024 April 27, 2024
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs Shipping and handling costs are reported in selling, general and administrative expenses in the accompanying condensed consolidated statements of income. Such costs were $19.5 million and $20.9 million for the three July 27, 2024 July 29, 2023, may not
Advertising Cost [Policy Text Block]	Marketing Costs The Company utilizes a variety of marketing programs, including cooperative advertising programs with customers, to advertise and promote its beverages to consumers. Marketing costs are expensed when incurred, except for prepaid advertising and production costs, which are expensed when the advertising takes place. Marketing costs, which are included in selling, general and administrative expenses, were $11.5 million and $10.8 million for the three July 27, 2024 July 29, 2023,
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Common Share Basic earnings per common share is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated in a similar manner, but includes the dilutive effect of stock options amounting to 98,000 and 256,000 shares in the three July 27, 2024 July 29, 2023,

Note 2 - Property, Plant and _2

Note 2 - Property, Plant and Equipment, Net (Tables)	3 Months Ended
	Jul. 27, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	(In thousands) July 27, 2024 April 27, 2024 Land $ 9,835 $ 9,835 Buildings and improvements 71,757 71,754 Machinery and equipment 317,646 314,079 Total 399,238 395,668 Less: accumulated depreciation (240,792 ) (235,938 ) Property, plant and equipment, net $ 158,446 $ 159,730

Note 3 - Leases (Tables)

Note 3 - Leases (Tables)	3 Months Ended
	Jul. 27, 2024
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	(In thousands) Fiscal 2025 – Remaining 3 quarters $ 11,254 Fiscal 2026 13,465 Fiscal 2027 11,916 Fiscal 2028 7,016 Fiscal 2029 5,829 Thereafter 8,423 Total minimum lease payments including interest 57,903 Less: Amounts representing interest (5,972 ) Present value of minimum lease payments 51,931 Less: Current portion of lease obligations (12,821 ) Non-current portion of lease obligations $ 39,110

Note 6 - Derivative Financial_2

Note 6 - Derivative Financial Instruments (Tables)	3 Months Ended
	Jul. 27, 2024
Notes Tables
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	Three Months Ended July 27, 2024 July 29, 2023 Recognized in AOCI: Loss before income taxes $ (7,198 ) $ (4,040 ) Less: income tax benefit (1,704 ) (966 ) Net (5,494 ) (3,074 ) Reclassified from AOCI to cost of sales: Gain (loss) before income taxes 732 (3,763 ) Less: income tax provision (benefit) 173 (900 ) Net 559 (2,863 ) Net change to AOCI $ (6,053 ) $ (211 )

Note 1 - Significant Accounti_2

Note 1 - Significant Accounting Policies (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jul. 27, 2024	Jul. 29, 2023	Apr. 27, 2024
Inventory, Finished Goods, Gross	$ 49		$ 50.3
Inventory, Raw Materials, Gross	41.6		$ 34.3
Shipping and Handling Costs	19.5	$ 20.9
Marketing Expense	$ 11.5	$ 10.8
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements (in shares)	98,000	256,000

Note 2 - Property, Plant and _3

Note 2 - Property, Plant and Equipment, Net (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jul. 27, 2024	Jul. 29, 2023
Depreciation	$ 5	$ 4.6

Note 2 - Property, Plant and _4

Note 2 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jul. 27, 2024	Apr. 27, 2024
Land	$ 9,835	$ 9,835
Buildings and improvements	71,757	71,754
Machinery and equipment	317,646	314,079
Total	399,238	395,668
Less: accumulated depreciation	(240,792)	(235,938)
Property, plant and equipment, net	$ 158,446	$ 159,730

Note 3 - Leases (Details Textua

Note 3 - Leases (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jul. 27, 2024	Jul. 29, 2023	Apr. 27, 2024
Operating Lease, Cost	$ 4.1	$ 3.7
Operating Lease, Weighted Average Remaining Lease Term (Year)	4 years 8 months 8 days		4 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	4.34%		4.30%
Operating Lease, Payments	$ 4.1	$ 3.7

Note 3 - Leases - Future Minimu

Note 3 - Leases - Future Minimum Lease Payments and Related Liabilities for Non-cancelable Operating Leases (Details) - USD ($) $ in Thousands	Jul. 27, 2024	Apr. 27, 2024
Fiscal 2025 – Remaining 3 quarters	$ 11,254
Fiscal 2026	13,465
Fiscal 2027	11,916
Fiscal 2028	7,016
Fiscal 2029	5,829
Thereafter	8,423
Total minimum lease payments including interest	57,903
Less: Amounts representing interest	(5,972)
Present value of minimum lease payments	51,931
Less: Current portion of lease obligations	(12,821)	$ (13,079)
Non-current portion of lease obligations	$ 39,110	$ 41,688

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual) - USD ($) $ in Thousands		3 Months Ended
	Dec. 21, 2021	Jul. 27, 2024	Apr. 27, 2024
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]	Secured Overnight Financing Rate (SOFR) [Member]
Term Loan Facility [Member]
Debt Instrument, Basis Spread on Variable Rate	1.05%
Debt Instrument, Face Amount	$ 50,000
Long-Term Debt, Gross			$ 0
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 100,000
Debt Instrument, Basis Spread on Variable Rate		1.05%
Long-Term Line of Credit		$ 0	$ 0
Letters of Credit Outstanding, Amount		2,200
Line of Credit Facility, Remaining Borrowing Capacity		$ 97,800

Note 5 - Stock Options (Details

Note 5 - Stock Options (Details Textual)	3 Months Ended
	Jul. 27, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares)	42,700
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period (in shares)	4,200
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 8.07
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 15.71
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)	253,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 28.54
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)	5,397,605

Note 6 - Derivative Financial_3

Note 6 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands	Jul. 27, 2024	Apr. 27, 2024
Liabilities, Current [Abstract]
Accrued Liabilities, Current	$ 49,767	$ 46,565
Assets, Current [Abstract]
Prepaid Expense and Other Assets, Current	9,516	$ 22,385
Derivative, Notional Amount	102,000
Price Risk Cash Flow Hedge Unrealized Gain (Loss) to be Reclassified During Next 12 Months	1,700
Derivative Liability, Current	$ 1,900
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current
Derivative Liability, Noncurrent	$ 700
Derivative Asset	400
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]		Prepaid Expense and Other Assets, Current
Derivative Asset, Current		$ 5,700
Prepaid And Other Assets [Member]
Derivative Asset	200
Other Assets [Member]
Derivative Asset	$ 200

Note 6 - Derivative Financial_4

Note 6 - Derivative Financial Instruments - Derivatives Instruments, Statements of Financial Performance and Financial Position (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 27, 2024	Jul. 29, 2023
Loss before income taxes	$ (7,198)	$ (4,040)
Less: income tax benefit	(1,704)	(966)
Net	(5,494)	(3,074)
Gain (loss) before income taxes	732	(3,763)
Less: income tax provision (benefit)	173	(900)
Net	559	(2,863)
Net change to AOCI	$ (6,053)	$ (211)

Note 7 - Cash Dividend (Details

Note 7 - Cash Dividend (Details Textual) $ / shares in Units, $ in Millions	3 Months Ended
	Jul. 27, 2024 USD ($) $ / shares
Dividends, Common Stock, Cash | $	$ 304.1
S2024Q1Dividends [Member]
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares	$ 3.25