0001437749-24-021311 | 10-K | XBRL Viewer

Note 11 - Pension Plans (Tables)

12 Months Ended

Apr. 27, 2024

	(In millions)
	Fiscal		Fiscal		Fiscal
Pension Fund	2024		2023		2022
CSSS Fund	$	1.6	$	1.6	$	1.5
WCT Fund		0.8		0.8		0.8
Other multi-employer pension funds		0.2		0.2		0.2
Total	$	2.6	$	2.6	$	2.5

- Definition

Tabular disclosure of information about multiemployer plan.

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+ Details

Note 7 - Derivative Financial Instruments - Derivatives Instruments, Statements of Financial Performance and Financial Position (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
(Loss) gain before income taxes	$ (425)	$ (21,100)	$ 15,105
Less: income tax (benefit) provision	(111)	(5,047)	3,613
Net	(314)	(16,053)	11,492
(Loss) gain before income taxes	(10,805)	(7,785)	10,001
Less: income tax (benefit) provision	(2,581)	(1,862)	2,391
Net	(8,224)	(5,923)	7,610
Net change to AOCI	$ 7,910	$ (10,130)	$ 3,882

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Net income	$ 176,732	$ 142,164	$ 158,512
Cash flow hedges	7,910	(10,130)	3,882
Other	186	27	19
Total	8,096	(10,103)	3,901
Comprehensive income	$ 184,828	$ 132,061	$ 162,413

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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+ Details

Note 3 - Accrued Liabilities (Tables)

12 Months Ended

Apr. 27, 2024

Notes Tables

Schedule of Accrued Liabilities [Table Text Block]

	(In thousands)
	2024		2023
Accrued promotions	$	18,826	$	15,865
Accrued compensation		13,920		13,036
Recycling deposits		5,743		5,123
Accrued insurance		2,687		2,498
Accrued freight		2,262		2,819
Other		3,127		7,977
Total	$	46,565	$	47,318

Note 1 - Significant Accounting Policies (Tables)

12 Months Ended

Apr. 27, 2024

Notes Tables

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	(In thousands)
	Fiscal 2024			Fiscal 2023			Fiscal 2022
Balance at beginning of year	$	523		$	559		$	1,140
Net charge (credit) to expense		427			11			(581	)
Net charge-off		(82	)		(47	)		-
Balance at end of year	$	868		$	523		$	559

Note 7 - Derivative Financial Instruments (Tables)

12 Months Ended

Apr. 27, 2024

Notes Tables

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]

	(In thousands)
	Fiscal			Fiscal			Fiscal
	2024			2023			2022
Recognized in AOCI-
(Loss) gain before income taxes	$	(425	)	$	(21,100	)	$	15,105
Less: income tax (benefit) provision		(111	)		(5,047	)		3,613
Net		(314	)		(16,053	)		11,492
Reclassified from AOCI to cost of sales-
(Loss) gain before income taxes		(10,805	)		(7,785	)		10,001
Less: income tax (benefit) provision		(2,581	)		(1,862	)		2,391
Net		(8,224	)		(5,923	)		7,610
Net change to AOCI	$	7,910		$	(10,130	)	$	3,882

Note 4 - Leases (Details Textual) - USD ($) $ in Millions	12 Months Ended
Note 4 - Leases (Details Textual) - USD ($) $ in Millions	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Operating Lease, Cost	$ 15.9	$ 14.4	$ 14.5
Operating Lease, Weighted Average Remaining Lease Term (Year)	4 years 9 months 18 days	4 years 4 months 2 days
Operating Lease, Weighted Average Discount Rate, Percent	4.30%	3.30%
Operating Lease, Payments	$ 15.4	$ 14.3	$ 14.7

Note 4 - Leases - Future Minimum Lease Payments and Related Liabilities for Non-cancelable Operating Leases (Details) - USD ($) $ in Thousands	Apr. 27, 2024	Apr. 29, 2023
Fiscal 2025	$ 15,068
Fiscal 2026	13,382
Fiscal 2027	11,847
Fiscal 2028	6,946
Fiscal 2029	5,770
Thereafter	8,156
Total minimum lease payments including interest	61,168
Less: Amounts representing interest	(6,401)
Present value of minimum lease payments	54,767
Less: Current portion of operating lease liabilities	(13,079)	$ (11,745)
Non-current portion of operating lease liabilities	$ 41,688	$ 29,782

Note 8 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 27, 2024	Apr. 29, 2023
Deferred tax assets:
Accrued expenses and other	$ 3,923	$ 4,671
Inventory and amortizable assets	575	545
Total deferred tax assets	4,498	5,216
Deferred tax liabilities:
Property	25,002	23,715
Intangibles and other	2,743	1,315
Total deferred tax liabilities	27,745	25,030
Deferred tax liabilities, net	$ 23,247	$ 19,814

Note 8 - Income Taxes

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Income Tax Disclosure [Text Block]

8.	INCOME TAXES

The provision for income taxes consisted of the following:

	(In thousands)
	Fiscal		Fiscal			Fiscal
	2024		2023			2022
Current	$	49,683	$	48,287		$	42,555
Deferred		3,433		(4,009	)		6,529
Total	$	53,116	$	44,278		$	49,084

Deferred taxes are recorded to give recognition to temporary differences between the tax bases of assets or liabilities and their reported amounts in the financial statements. Valuation allowances are established to reduce the carrying amounts of deferred tax assets when it is deemed more likely than not that the benefit of deferred tax assets will not be realized. Deferred tax assets and liabilities at April 27, 2024 and April 29, 2023 consisted of the following:

	(In thousands)
	2024		2023
Deferred tax assets:
Accrued expenses and other	$	3,923	$	4,671
Inventory and amortizable assets		575		545
Total deferred tax assets		4,498		5,216
Deferred tax liabilities:
Property		25,002		23,715
Intangibles and other		2,743		1,315
Total deferred tax liabilities		27,745		25,030
Deferred tax liabilities, net	$	23,247	$	19,814

The reconciliation of the statutory federal income tax rate to our effective tax rate is as follows:

	Fiscal			Fiscal			Fiscal
	2024			2023			2022
Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal benefit		2.8			2.9			2.9
Other differences		( 0.7	)		(0.2	)		(0.3	)
Effective income tax rate		23.1	%		23.7	%		23.6	%

At April 27, 2024, the gross amount of unrecognized tax benefits was $2.1 million. During Fiscal 2024, the income tax expense recognized related to uncertain tax positions was immaterial. If the Company were to prevail on all uncertain tax positions, the net effect would be to reduce our income tax expense by approximately $1.7 million. A reconciliation of the changes in the gross amount of unrecognized tax benefits, which amounts are included in other liabilities in the accompanying consolidated balance sheets, is as follows:

	(In thousands)
	2024			2023			2022
Beginning balance	$	2,096		$	2,079		$	2,055
Increases due to current period tax positions		60			75			114
Decreases due to lapse of statute of limitations and audit resolutions		(26	)		(58	)		(90	)
Ending balance	$	2,130		$	2,096		$	2,079

Accrued interest and penalties related to unrecognized tax benefits are recognized as a component of income tax expense. At April 27, 2024, unrecognized tax benefits included accrued interest of $0.3 million. During Fiscal 2024, the interest and penalties related to uncertain tax positions recognized in income tax expense was immaterial.

Annual income tax returns are filed in the United States and in various state and local jurisdictions. A number of years may elapse before an uncertain tax position, for which the Company has unrecognized tax benefits, are resolved. While it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position, the Company believes that unrecognized tax benefits reflect the most probable outcome. The Company adjusts these unrecognized tax benefits, as well as the related interest, in light of changing facts and circumstances. The resolution of any particular uncertain tax position could require the use of cash and an adjustment to our provision for income taxes in the period of resolution. Federal income tax returns for years subsequent to Fiscal 2018 are subject to examination. Generally, the income tax returns for the various state jurisdictions are subject to examination for years ending after Fiscal 2017.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Note 11 - Pension Plans - Contributions for All Multi-employer Pension Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Fund	$ 2.6	$ 2.6	$ 2.5
CSSS Fund [Member]
Fund	1.6	1.6	1.5
WCT Fund [Member]
Fund	0.8	0.8	0.8
Other Multi-employer Pension Funds [Member]
Fund	$ 0.2	$ 0.2	$ 0.2

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended			6 Months Ended			9 Months Ended			12 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 31, 2021	Oct. 28, 2023	Oct. 29, 2022	Oct. 30, 2021	Jan. 27, 2024	Jan. 28, 2023	Jan. 29, 2022	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Operating Activities:
Net income										$ 176,732	$ 142,164	$ 158,512
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization										20,161	20,041	18,544
Deferred income taxes										907	(821)	5,326
Loss (gain) on disposal of property, plant and equipment, net										12	141	(7)
Stock-based compensation expense										881	677	695
Non-cash operating lease expense										14,039	13,240	13,258
Changes in assets and liabilities:
Trade receivables										2,081	(11,326)	(7,150)
Inventories										8,975	9,740	(31,838)
Prepaid and other assets	$ 1,559	$ 11,709	$ 1,400	$ (6,417)	$ 2,417	$ (1,962)	$ (11,786)	$ 4,096	$ (7,219)	(8,151)	8,275	(13,797)
Accounts payable										(6,823)	(10,193)	6,545
Accrued and other liabilities	9,478	(397)	11,003	1,612	(796)	(7,073)	1,115	3,007	(5,235)	3,885	2,941	(3,731)
Operating lease liabilities	(3,329)	(3,158)	(3,116)	(8,291)	(6,535)	(6,687)	(11,276)	(9,906)	(10,077)	(14,792)	(13,214)	(13,224)
Net cash provided by operating activities	70,143	40,617	56,658	102,059	82,238	85,964	137,465	112,253	92,552	197,907	161,665	133,133
Investing Activities:
Purchases to property, plant and equipment										(30,300)	(21,979)	(29,015)
Proceeds from sale of property, plant and equipment										52	27	11
Net cash used in investing activities										(30,248)	(21,952)	(29,004)
Financing Activities:
Borrowing under Loan Facility										0	0	50,000
Repayments under Loan Facility										0	(30,000)	(20,000)
Dividends paid on common stock										0	0	(280,003)
Proceeds from exercises of stock options										1,314	311	335
Net cash provided by (used in) financing activities										1,314	(29,689)	(249,668)
Net Increase (Decrease) in Cash and Equivalents										168,973	110,024	(145,539)
Cash and Cash Equivalents - Beginning of Year	158,074	48,050	193,589	158,074	48,050	193,589	158,074	48,050	193,589	158,074	48,050	193,589
Cash and Cash Equivalents - End of Year										327,047	158,074	48,050
Supplemental Cash Flow Information:
Interest paid										228	315	371
Income taxes paid										55,971	37,831	51,958
Non-Cash Activities:
Right-of- use assets obtained in exchange for lease liabilities	$ 3,589	$ 12,468	$ 924	$ 11,877	$ 16,132	$ 1,594	$ 27,905	$ 19,539	$ 5,827	$ 28,039	$ 23,495	$ 6,054

Note 10 - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0	0	30,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 6.91
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term (Year)			6 years 6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate			20.74%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			0.82%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate			2.48%
Share-Based Payment Arrangement, Expense	$ 900	$ 700	$ 700
Share-Based Payment Arrangement, Expense, Tax Benefit	1,700	200	400
Share-Based Payment Arrangement, Exercise of Option, Tax Benefit	1,500	100	300
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value	9,100	400	1,400
Proceeds from Stock Options Exercised	1,314	$ 311	$ 335
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,400
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 7 months 6 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	5 years 4 months 24 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$ 5,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term (Year)	4 years 8 months 12 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value	$ 3,300
Omnibus Plan [Member]
Share Based Compensation Arrangement by Share Based Payment Award Number of Shares Authorized Per Individual (in shares)	3,360,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	5 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
Omnibus Plan [Member] \| Stock Options or Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	9,600,000
Omnibus Plan [Member] \| SARS Dividend Equivalents and Other Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	9,600,000
Special Stock Option Plan [Member] \| Determined by Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	3,600,000
Special Stock Option Plan [Member] \| Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
Special Stock Option Plan [Member] \| Determined By Chairman Member
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	100,000
KEEP Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	480,000
Share Based Compensation Arrangement by Share Based Payment Award Number of Shares Authorized Per Individual (in shares)	12,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	6 years
Share Based Compensation Arrangement by Share Based Payment Award Percentage of Purchased Shares Matched	50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants, Period (Year)	2 years
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	60.00%
KEEP Program [Member] \| Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years

Note 8 - Income Taxes (Tables)

12 Months Ended

Apr. 27, 2024

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	(In thousands)
	Fiscal		Fiscal			Fiscal
	2024		2023			2022
Current	$	49,683	$	48,287		$	42,555
Deferred		3,433		(4,009	)		6,529
Total	$	53,116	$	44,278		$	49,084

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	(In thousands)
	2024		2023
Deferred tax assets:
Accrued expenses and other	$	3,923	$	4,671
Inventory and amortizable assets		575		545
Total deferred tax assets		4,498		5,216
Deferred tax liabilities:
Property		25,002		23,715
Intangibles and other		2,743		1,315
Total deferred tax liabilities		27,745		25,030
Deferred tax liabilities, net	$	23,247	$	19,814

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Fiscal			Fiscal			Fiscal
	2024			2023			2022
Statutory federal income tax rate		21.0	%		21.0	%		21.0	%
State income taxes, net of federal benefit		2.8			2.9			2.9
Other differences		( 0.7	)		(0.2	)		(0.3	)
Effective income tax rate		23.1	%		23.7	%		23.6	%

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	(In thousands)
	2024			2023			2022
Beginning balance	$	2,096		$	2,079		$	2,055
Increases due to current period tax positions		60			75			114
Decreases due to lapse of statute of limitations and audit resolutions		(26	)		(58	)		(90	)
Ending balance	$	2,130		$	2,096		$	2,079

Note 8 - Income Taxes - Reconciliation of Income Tax Rate (Details)	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Statutory federal income tax rate	21.00%	21.00%	21.00%
State income taxes, net of federal benefit	2.80%	2.90%	2.90%
Other differences	(0.70%)	(0.20%)	(0.30%)
Effective income tax rate	23.10%	23.70%	23.60%

Note 2 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Apr. 27, 2024	Apr. 29, 2023
Land	$ 9,835	$ 9,835
Buildings and improvements	71,754	70,615
Machinery and equipment	314,079	289,567
Total	395,668	370,017
Less: accumulated depreciation	(235,938)	(221,594)
Property, plant and equipment, net	$ 159,730	$ 148,423

Note 10 - Stock-based Compensation (Tables)

12 Months Ended

Apr. 27, 2024

Notes Tables

Share-Based Payment Arrangement, Option, Activity [Table Text Block]

	Number of Shares			Price ^(a)
Options outstanding, beginning of year		521,300		$	18.13
Granted		-			-
Exercised		(215,000	)	$	6.12
Forfeited or cancelled		(6,400	)	$	31.49
Options outstanding, end of year		299,900		$	25.48
Options vested and exercisable, end of year		164,580		$	23.40

Note 7 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands	Apr. 27, 2024	Apr. 29, 2023
Assets, Current [Abstract]
Prepaid Expense and Other Assets, Current	$ 22,385	$ 9,835
Liabilities, Current [Abstract]
Accrued Liabilities, Current	46,565	$ 47,318
Derivative, Notional Amount	52,400
Price Risk Cash Flow Hedge Unrealized Gain (Loss) to be Reclassified During Next 12 Months	5,700
Derivative Asset, Current	$ 5,700
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets, Current
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]		Accrued Liabilities, Current
Derivative Liability, Current		$ 4,600

Note 13 - Subsequent Event

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Subsequent Events [Text Block]

13.

SUBSEQUENT EVENT

On June 12, 2024, the Company's board of directors declared a special cash dividend of $3.25 per share. The special cash dividend will be paid on or before July 24, 2024 to shareholders of record on June 24, 2024.

Note 12 - Commitments and Contingencies (Details Textual) $ in Millions	Apr. 27, 2024 USD ($)
Raw Material [Member]
Purchase Obligation, to be Paid, Year One	$ 35.4
Plant and Equipment [Member]
Purchase Obligation, to be Paid, Year One	$ 3.7

Note 2 - Property, Plant and Equipment, Net (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Depreciation	$ 18.9	$ 17.7	$ 15.8

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Net sales	$ 1,191,694	$ 1,172,932	$ 1,138,013
Cost of sales	763,243	776,143	720,208
Gross profit	428,451	396,789	417,805
Selling, general and administrative expenses	209,941	210,105	209,949
Operating income	218,510	186,684	207,856
Other income (expense), net	11,338	(242)	(260)
Income before income taxes	229,848	186,442	207,596
Provision for income taxes	53,116	44,278	49,084
Net income	$ 176,732	$ 142,164	$ 158,512
Earnings per common share:
Basic (in dollars per share)	$ 1.89	$ 1.52	$ 1.7
Diluted (in dollars per share)	$ 1.89	$ 1.52	$ 1.69
Weighted average common shares outstanding:
Basic (in shares)	93,429	93,347	93,323
Diluted (in shares)	93,630	93,608	93,599

Note 3 - Accrued Liabilities

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

3.	ACCRUED LIABILITIES

Accrued liabilities at April 27, 2024 and April 29, 2023 consisted of the following:

	(In thousands)
	2024		2023
Accrued promotions	$	18,826	$	15,865
Accrued compensation		13,920		13,036
Recycling deposits		5,743		5,123
Accrued insurance		2,687		2,498
Accrued freight		2,262		2,819
Other		3,127		7,977
Total	$	46,565	$	47,318

Note 12 - Commitments and Contingencies

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

12.

COMMITMENTS AND CONTINGENCIES

The Company enters into various agreements with suppliers for the purchase of raw materials, the terms of which may include variable or fixed pricing and minimum purchase quantities. At April 27, 2024, the Company had purchase commitments for raw materials of $35.4 million through 2026.

At April 27, 2024, the Company had purchase commitments for plant and equipment of $3.7 million anticipated to be completed in Fiscal 2025.

Note 6 - Capital Stock and Transactions With Related Parties (Details Textual) - USD ($) $ / shares in Units, $ in Thousands			12 Months Ended			400 Months Ended
	Dec. 29, 2021	Jan. 29, 2021	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022	Apr. 27, 2024	Apr. 30, 2023
Payments of Ordinary Dividends, Common Stock	$ 280,000	$ 280,000	$ (0)	$ (0)	$ 280,003
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 3	$ 3
CMA [Member]
Averaged Operating Costs			1,100
Lease Buy-down Payments and Financing Costs					400
Related Party Transaction, Amounts of Transaction			11,900	$ 11,700	$ 11,400
Accounts Payable			$ 3,000			$ 3,000	$ 2,900
CMA [Member] \| Annual Fee Agreement Based on Percentage of Consolidated Net Sales [Member]
Related Party Transaction, Rate			1.00%
Payment for Incentive Fee						$ 0

Note 6 - Capital Stock and Transactions With Related Parties

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Equity [Text Block]

6.	CAPITAL STOCK AND TRANSACTIONS WITH RELATED PARTIES

The Company paid a special cash dividend on Common Stock of approximately $280 million on each of December 29, 2021 and January 29, 2021 at $3.00 per share. See Note 13 – Subsequent Event for cash dividend declared subsequent to year end.

The Company is a party to a management agreement with Corporate Management Advisors, Inc. (CMA), a corporation owned by our Chairman and Chief Executive Officer. This agreement was originated in 1991 for the efficient use of management of two public companies at the time. In 1994, one of those public entities, through a merger, was no longer managed in this manner.

Under the terms of the agreement, CMA provides, subject to the direction and supervision of the Board of Directors of the Company, (i) senior corporate functions (including supervision of the Company’s financial, legal, executive recruitment, internal audit and information systems departments) as well as the services of a Chief Executive Officer and Chief Financial Officer and (ii) services in connection with acquisitions, dispositions and financings by the Company, including identifying and profiling acquisition candidates, negotiating and structuring potential transactions and arranging financing for any such transaction. CMA, through its personnel, also provides, to the extent possible, the stimulus and creativity to develop an innovative and dynamic persona for the Company, its products and corporate image. In order to fulfill its obligations under the management agreement, CMA employs numerous individuals, who, acting as a unit, provide management, administrative and creative functions for the Company.

CMA and the Company are joint owners of a corporate aircraft and pursuant to a joint ownership agreement, each party agreed to pay certain expenses associated with the use of the aircraft. During the past three years, the joint operating costs have averaged approximately $1.1 million per year. In Fiscal 2022, the Company paid $0.4 million to acquire its ownership interest from the lessor and lease payments ended.

The management agreement provides that the Company will pay CMA an annual base fee equal to one percent of the consolidated net sales of the Company and further provides that the Compensation and Stock Option Committee and the Board of Directors may from time-to-time award additional incentive compensation to CMA or its personnel. The Board of Directors on various occasions contemplated incentive compensation to CMA, however, since the inception of this agreement, no incentive compensation has been paid. We incurred management fees to CMA of $11.9 million, $11.7 million and $11.4 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. At April 27, 2024 and April 29, 2023, current liabilities included amounts due to CMA of $3.0 million and $2.9 million, respectively.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
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+ Details

Note 1 - Significant Accounting Policies (Details Textual) Pure in Thousands, $ in Millions	12 Months Ended
	Apr. 27, 2024 USD ($) shares	Apr. 29, 2023 USD ($) shares	Apr. 30, 2022 USD ($) shares
Inventory, Finished Goods, Gross	$ 50.3	$ 54.3
Inventory, Raw Materials, Gross	34.3	39.2
Self Insurance Reserve and Coverage by Insurance, Noncurrent	5.5	5.5
Self Insurance Reserve, Noncurrent, Covered by Insurance	4.0	4.1
Shipping and Handling Costs	77.8	86.8	$ 87.7
Marketing Expense	$ 50.0	$ 44.1	$ 47.6
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements (in shares) \| shares	201,000	261,000	276,000
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	30 years
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	15 years
Customer Concentration Risk [Member] \| Accounts Receivable [Member]
Number of Major Customers	0	0
Customer Concentration Risk [Member] \| Revenue Benchmark [Member]
Number of Major Customers	0	0	0

Note 4 - Leases (Tables)

12 Months Ended

Apr. 27, 2024

Notes Tables

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

	(In thousands)
Fiscal 2025	$	15,068
Fiscal 2026		13,382
Fiscal 2027		11,847
Fiscal 2028		6,946
Fiscal 2029		5,770
Thereafter		8,156
Total minimum lease payments including interest		61,168
Less: Amounts representing interest		(6,401	)
Present value of minimum lease payments		54,767
Less: Current portion of operating lease liabilities		(13,079	)
Non-current portion of operating lease liabilities	$	41,688

Consolidated Balance Sheets (Parentheticals) - $ / shares	Apr. 27, 2024	Apr. 29, 2023
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)	101,942,658	101,727,658
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

Note 2 - Property, Plant and Equipment, Net (Tables)

12 Months Ended

Apr. 27, 2024

Notes Tables

Property, Plant and Equipment [Table Text Block]

	(In thousands)
	2024			2023
Land	$	9,835		$	9,835
Buildings and improvements		71,754			70,615
Machinery and equipment		314,079			289,567
Total		395,668			370,017
Less: accumulated depreciation		(235,938	)		(221,594	)
Property, plant and equipment, net	$	159,730		$	148,423

Note 5 - Debt (Details Textual) - USD ($) $ in Thousands		12 Months Ended
Note 5 - Debt (Details Textual) - USD ($) $ in Thousands	Dec. 21, 2021	Apr. 27, 2024	Apr. 29, 2023
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	$ 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

Significant Accounting Policies (Policies)

12 Months Ended

Apr. 27, 2024

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

The consolidated financial statements have been prepared in accordance with United States Generally Accepted Accounting Principles (“GAAP”) and rules and regulations of the Securities and Exchange Commission. The consolidated financial statements include the accounts of National Beverage Corp. and all subsidiaries. All significant intercompany transactions and accounts have been eliminated. Our fiscal year ends the Saturday closest to April 30 and, as a result, an additional week is added every five or six years. The fiscal year ended April 27, 2024 (“Fiscal 2024”), April 29, 2023 (“Fiscal 2023”) and April 30, 2022 (“Fiscal 2022”) and all consisted of 52 weeks. The fiscal year ending May 3, 2025 (“Fiscal 2025”) will consist of 53 weeks.

Reclassification, Comparability Adjustment [Policy Text Block]

Segment Reporting

The Company operates as a single operating segment for purposes of presenting financial information and evaluating performance. As such, the accompanying consolidated financial statements present financial information in a format that is consistent with the internal financial information used by management.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of our financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and anticipated future actions, actual results may vary from reported amounts.

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, accounts receivable, 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 used for trading or speculative purposes. Credit risk related to derivative financial instruments is managed by requiring high credit standards for counterparties and frequent cash settlements. The estimated fair values of derivative financial instruments are calculated based on market rates to settle the instruments. See Note 7- Derivative Financial Instruments.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Cash and cash equivalents are comprised of cash and highly liquid securities (consisting primarily of bank deposits and short-term government money-market investments).

Receivable [Policy Text Block]

Trade Receivables, Net

Trade receivables are recorded at net realizable value, which includes an estimated allowance for credit losses. The Company extends credit based on an evaluation of each customer’s financial condition, generally without requiring collateral. Exposure to credit losses varies by customer principally due to the financial condition of each customer. The Company continually monitors our exposure to credit losses and maintains allowances for anticipated credit losses based on our experience with past due accounts, collectability and our analysis of customer data. Actual future losses from uncollectible accounts could differ from the Company’s estimate.

Changes in the allowance for credit losses were as follows:

	(In thousands)
	Fiscal 2024			Fiscal 2023			Fiscal 2022
Balance at beginning of year	$	523		$	559		$	1,140
Net charge (credit) to expense		427			11			(581	)
Net charge-off		(82	)		(47	)		-
Balance at end of year	$	868		$	523		$	559

At April 27, 2024 and April 29, 2023, no customer comprised more than 10% of trade receivables. No customer accounted for more than 10% of net sales during any of the last three fiscal years.

Inventory, Policy [Policy Text Block]

Inventories

Inventories are stated at the lower of first-in, first-out cost or net realizable value. Adjustments, if required, to reduce the cost of inventory to net realizable value are made for estimated excess, obsolete or impaired balances. Inventories at April 27, 2024 were comprised of finished goods of $50.3 million and raw materials of $34.3 million. Inventories at April 29, 2023 were comprised of finished goods of $54.3 million and raw materials of $39.2 million.

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant and Equipment, Net

Property, plant and equipment is recorded at cost. Additions, replacements and betterments are capitalized, while maintenance and repairs that do not extend the useful life of an asset are expensed as incurred. Depreciation is recorded using the straight-line method over estimated useful lives of 5 to 30 years for buildings and improvements and 3 to 15 years for machinery and equipment. Leasehold improvements are amortized using the straight-line method over the shorter of the remaining lease term or the estimated useful life of the improvement. When assets are retired or otherwise disposed, the cost and accumulated depreciation are removed from the respective accounts and any related gain or loss is recognized.

Lessee, Leases [Policy Text Block]

Leases

The Company leases office and warehouse space, machinery and other equipment under noncancelable operating lease agreements and also leases certain warehouse space under lease agreements. The Company uses the following policies and assumptions to evaluate its leases:

●

Determining a lease: The Company assesses contracts at inception to determine whether an arrangement is or includes a lease, which conveys the Company’s right to control the use of an identified asset for a period of time in exchange for consideration. Operating lease right-of-use assets and associated liabilities are recognized at the commencement date and initially measured based on the present value of lease payments over the defined lease term.

●

Allocating lease and non-lease components: The Company has elected the practical expedient to not separate lease and non-lease components for certain classes of underlying assets. The Company has equipment and vehicle lease agreements, which generally have the lease and associated non- lease components accounted for as a single lease component. The Company has real estate lease agreements with lease and non-lease components, which are accounted for separately where applicable.

●

Calculating the discount rate: The Company calculates the discount rate based on the discount rate implicit in the lease, or if the implicit rate is not readily determinable from the lease, then the Company calculates an incremental borrowing rate.

●

Recognizing leases: The Company does not recognize leases with a contractual term of less than 12 months on its consolidated balance sheets. Lease expense for these short-term leases is expensed on a straight-line basis over the lease term.

●

Rent increases or escalation clauses: Certain leases contain scheduled rent increases or escalation clauses, which can be based on the Consumer Price Index or other rates. The Company assesses each contract individually and applies the appropriate variable payments based on the terms of the agreement.

●

Renewal options and/or purchase options: The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement.

●

Residual value guarantees, restrictions or covenants: The Company’s lease agreements do not contain material residual value guarantees, restrictions or covenants.

Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]

Intangible Assets

Intangible assets at April 27, 2024 and April 29, 2023 consisted of non-amortizable acquired trademarks.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairment of Long-Lived Assets

All long-lived assets, excluding goodwill and intangible assets not subject to amortization, are evaluated for impairment on the basis of undiscounted cash flows whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Goodwill and intangible assets not subject to amortization are evaluated for impairment annually or sooner if management believes such assets may be impaired. An impaired asset is written down to its estimated fair value based on discounted future cash flows.

Liability Reserve Estimate, Policy [Policy Text Block]

Insurance Programs

The Company maintains self-insured and deductible programs for certain liability, medical and workers’ compensation exposures. Accordingly, the Company accrues for known claims and estimated incurred but not reported claims not otherwise covered by insurance based on actuarial assumptions and historical claims experience. At April 27, 2024 and April 29, 2023, other liabilities included accruals of $5.5 million and $5.5 million, respectively, for estimated non-current risk retention exposures, of which $4.0 million and $4.1 million, respectively, was covered by insurance at both dates and included as a component of non-current other assets.

Revenue [Policy Text Block]

Revenue Recognition

Revenue is recognized upon delivery to our customers, based on written sales terms that do not allow a right of return except in rare instances. Our products are typically sold on credit; however smaller direct store delivery accounts may be sold on a cash basis. Our credit terms normally require payment within 30 days of delivery and may allow discounts for early payment. The Company estimates and reserves for credit losses based on our experience with past due accounts, collectability and our analysis of customer data. Various sales incentive arrangements are offered to our customers that require customer performance or achievement of certain sales volume targets. Sales incentives are accrued over the period of benefit or expected sales. When the incentive is paid in advance, the aggregate incentive is recorded as a prepaid asset and amortized over the period of benefit. The recognition of these incentives involves the use of judgment related to performance and sales volume estimates that are made based on historical experience and other factors. Sales incentives are accounted for as a reduction of sales and actual amounts ultimately realized may vary from accrued amounts. Such differences are recorded once determined and have historically not been significant.

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 consolidated statements of income. Shipping and handling costs were $77.8 million, $86.8 million and $87.7 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. Although our classification is consistent with many beverage companies, our gross margin may not be comparable to companies that include shipping and handling costs in cost of sales.

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 our products 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 $50.0 million, $44.1 million and $47.6 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.

Income Tax, Policy [Policy Text Block]

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and the future tax consequences attributable to operating losses and tax credit carryforwards, if applicable. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

A valuation allowance will be provided against deferred tax assets if the Company determines it is more likely than not such assets will not ultimately be realized.

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 201,000, 261,000 and 276,000 shares in Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. The weighted-average number of antidilutive stock options excluded from the calculation of diluted earnings per share was immaterial for Fiscal 2024.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Pronouncements

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires disclosure of specific categories in the rate reconciliation, including additional information for reconciling items that meet a quantitative threshold and specific disaggregation of income taxes paid and tax expense. The amendment is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements and does not expect a material impact upon adoption.

In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures,” which requires additional disclosure of significant segment expenses included in the reported measure of segment profit or loss and regularly provided to the Chief Operating Decision Maker. This standard does not change how an entity identifies its operating segments or applies quantitative thresholds to determine its reportable segments The standard is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements and does not expect a material impact upon adoption.

Note 10 - Stock-based Compensation - Summary of Stock Option Activity (Details) - $ / shares

12 Months Ended

Apr. 27, 2024

Apr. 29, 2023

Apr. 30, 2022

Options outstanding, beginning of year (in shares)

521,300

Options outstanding, beginning of year, price (in dollars per share)

^[1]

$ 18.13

Granted (in shares)

30,000

Granted, price (in dollars per share)

^[1]

$ 0

Exercised (in shares)

(215,000)

Exercised, price (in dollars per share)

^[1]

$ 6.12

Forfeited or cancelled (in shares)

(6,400)

Forfeited or cancelled, price (in dollars per share)

^[1]

$ 31.49

Options outstanding, end of year (in shares)

299,900

521,300

Options outstanding, end of year, price (in dollars per share)

^[1]

$ 25.48

$ 18.13

Options vested and exercisable, end of year (in shares)

164,580

Options vested and exercisable, end of year (in dollars per share)

^[1]

$ 23.4

[1]	Weighted average exercise price.

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022	May 01, 2021
Unrecognized Tax Benefits, Ending Balance	$ 2,130	$ 2,096	$ 2,079	$ 2,055
Changes in Income Tax if All Uncertain Tax Positions Prevail	1,700
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	$ 300
Domestic Tax Jurisdiction [Member] \| Internal Revenue Service (IRS) [Member]
Open Tax Year	2018 2019 2020 2021 2022 2023
State and Local Jurisdiction [Member] \| Internal Revenue Service (IRS) [Member]
Open Tax Year	2017 2018 2019 2020 2021 2022 2023

Note 11 - Pension Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Payment for Pension Benefits	$ 3.8	$ 3.8	$ 4.0

Note 9 - Legal Proceedings

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Legal Matters and Contingencies [Text Block]

9.	LEGAL PROCEEDINGS

The Company has been named in certain legal proceedings, including those containing class action allegations. The Company is vigorously defending all legal proceedings and believes litigation will not have a material adverse effect on the Company’s financial position, cash flows or results of operations.

Note 14 - Restatement

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Error Correction [Text Block]

14.

RESTATEMENT

The Company identified corrections required to be made to its consolidated statements of cash flows for Fiscal 2023 and Fiscal 2022 and all quarterly periods within each of the three year period ended April 27, 2024, as the controls did not operate at a level precise enough to detect errors in certain calculations within the Consolidated Statements of Cash Flows and the presentation of right-of-use assets obtained in exchange for lease liabilities as supplemental non-cash items. These corrections do not impact the overall financial statements and “Net Cash Provided By Operating Activities”. These corrections do not impact the Company’s overall cash position, its consolidated balance sheets, its consolidated statements of income, its consolidated statements of comprehensive income, or its consolidated statements of changes in stockholders’ equity as of or for Fiscal 2023, Fiscal 2022 and all quarterly periods within each of the three year period ended April 27, 2024.

A summary of the impact on the consolidated statement of cash flows is as follows (in thousands):

	Fiscal Year Ended April 29, 2023									Fiscal Year Ended April 30, 2022
Operating Activities:	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Operating lease right-of-use asset	$	(23,495	)	$	23,495		$	-		$	(6,054	)	$	6,054		$	-
Prepaid and other assets		15,472			(7,197	)		8,275			(5,084	)		(8,713	)		(13,797	)
Accrued and other liabilities		(4,256	)		7,197			2,941			(12,444	)		8,713			(3,731	)
Operating lease liabilities		10,281			(23,495	)		(13,214	)		(7,170	)		(6,054	)		(13,224	)
Net cash provided by operating activities		161,665			-			161,665			133,133			-			133,133
Right-of- use assets obtained in exchange for lease liabilities	$	-		$	23,495			23,495		$	-		$	6,054		$	6,054

	Three Months Ended July 29, 2023									Six Months Ended October 28, 2023									Nine Months Ended January 27, 2024
Operating Activities:	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Operating lease right-of-use asset	$	(3,589	)	$	3,589		$	-		$	(11,877	)	$	11,877		$	-		$	(27,905	)	$	27,905		$	-
Prepaid and other assets		1,475			84			1,559			(600	)		(5,817	)		(6,417	)		(3,186	)		(8,600	)		(11,786	)
Accrued and other liabilities		9,562			(84	)		9,478			(4,205	)		5,817			1,612			(7,485	)		8,600			1,115
Operating lease liabilities		287			(3,589	)		(3,329	)		3,586			(11,877	)		(8,291	)		16,629			(27,905	)		(11,276	)
Net cash provided by operating activities		70,143			-			70,143			102,059			-			102,059			137,465			-			137,465
Right-of-use assets obtained in exchange for lease liabilities	$	-		$	3,589		$	3,589		$	-		$	11,877		$	11,877		$	-		$	27,905		$	27,905

	Three Months Ended July 30, 2022									Six Months Ended October 29, 2022									Nine Months Ended January 28, 2023
Operating Activities:	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Operating lease right-of-use asset	$	(12,468	)	$	12,468		$	-		$	(16,132	)	$	16,132		$	-		$	(19,539	)	$	19,539		$	-
Prepaid and other assets		11,656			53			11,709			3,187			(770	)		2,417			1,832			2,264			4,096
Accrued and other liabilities		(344	)		(53	)		(397	)		(1,566	)		770			(796	)		5,271			(2,264	)		3,007
Operating lease liabilities		9,310			(12,468	)		(3,158	)		9,597			(16,132	)		(6,535	)		9,633			(19,539	)		(9,906	)
Net cash provided by operating activities		40,617			-			40,617			82,238			-			82,238			112,253			-			112,253
Right-of-use assets obtained in exchange for lease liabilities	$	-		$	12,468		$	12,468		$	-		$	16,132		$	16,132		$	-		$	19,539		$	19,539

	Three Months Ended July 31, 2021									Six Months Ended October 30, 2021									Nine Months Ended January 29, 2022
Operating Activities:	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Operating lease right-of-use asset	$	(924	)	$	924		$	-		$	(1,594	)	$	1,594		$	-		$	(5,827	)	$	5,827		$	-
Prepaid and other assets		(106	)		1,506			1,400			510			(2,472	)		(1,962	)		(4,730	)		(2,489	)		(7,219	)
Accrued and other liabilities		12,509			(1,506	)		11,003			(9,545	)		2,472			(7,073	)		(7,724	)		2,489			(5,235	)
Operating lease liabilities		(2,192	)		(924	)		(3,116	)		(5,093	)		(1,594	)		(6,687	)		(4,250	)		(5,827	)		(10,077	)
Net cash provided by operating activities		56,658			-			56,658			85,964			-			85,964			92,552			-			92,552
Right-of-use assets obtained in exchange for lease liabilities	$	-		$	924		$	924		$	-		$	1,594		$	1,594		$	-		$	5,827		$	5,827

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock [Member] Series C Preferred Stock [Member]	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock, Preferred [Member] Series C Preferred Stock [Member]	Treasury Stock, Common [Member]
Balance (in shares)		150,000	101,676,000				150,000
Balance (in shares) at May. 01, 2021		150,000	101,676,000				150,000
Balance at May. 01, 2021		$ 150	$ 1,016	$ 38,375	$ 337,672	$ 3,017	$ (5,100)	$ (19,133)
Stock options exercised (in shares)			36,000
Stock options exercised			$ 1	335
Stock-based compensation expense				695
Net income	$ 158,512				158,512
Common stock cash dividend					(280,003)
Cash flow hedges	3,882					3,882
Other	19					19
Repurchase of common stock (in shares)								0
Repurchase of common stock								$ 0
Balance (in shares) at Apr. 30, 2022		150,000	101,712,000				150,000	8,374,000
Balance at Apr. 30, 2022	239,438	$ 150	$ 1,017	39,405	216,181	6,918	$ (5,100)	$ (19,133)
Balance (in shares)		150,000	101,712,000				150,000	8,374,000
Stock options exercised (in shares)			15,000
Stock options exercised			$ 0	311
Stock-based compensation expense				677
Net income	142,164				142,164
Common stock cash dividend					0
Cash flow hedges	(10,130)					(10,130)
Other	27					27
Repurchase of common stock (in shares)								0
Repurchase of common stock								$ 0
Balance (in shares) at Apr. 29, 2023		150,000	101,727,000				150,000	8,374,000
Balance at Apr. 29, 2023	$ 372,487	$ 150	$ 1,017	40,393	358,345	(3,185)	$ (5,100)	$ (19,133)
Balance (in shares)		150,000	101,727,000				150,000	8,374,000
Stock options exercised (in shares)	215,000		215,000
Stock options exercised			$ 2	1,314
Stock-based compensation expense				881
Net income	$ 176,732				176,732
Common stock cash dividend					0
Cash flow hedges	7,910					7,910
Other	186					186
Repurchase of common stock (in shares)								0
Repurchase of common stock								$ 0
Balance (in shares) at Apr. 27, 2024			101,942,000					8,374,000
Balance at Apr. 27, 2024	$ 559,512		$ 1,019	$ 42,588	$ 535,077	$ 4,911		$ (19,133)
Balance (in shares)			101,942,000					8,374,000

Note 3 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 27, 2024	Apr. 29, 2023
Accrued promotions	$ 18,826	$ 15,865
Accrued compensation	13,920	13,036
Recycling deposits	5,743	5,123
Accrued insurance	2,687	2,498
Accrued freight	2,262	2,819
Other	3,127	7,977
Total	$ 46,565	$ 47,318

Note 8 - Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Current	$ 49,683	$ 48,287	$ 42,555
Deferred	3,433	(4,009)	6,529
Total	$ 53,116	$ 44,278	$ 49,084

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 32
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Note 8 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Beginning balance	$ 2,096	$ 2,079	$ 2,055
Increases due to current period tax positions	60	75	114
Decreases due to lapse of statute of limitations and audit resolutions	(26)	(58)	(90)
Ending balance	$ 2,130	$ 2,096	$ 2,079

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 27, 2024	Apr. 29, 2023
Assets
Cash and cash equivalents	$ 327,047	$ 158,074
Trade receivables, net	102,837	104,918
Inventories	84,603	93,578
Prepaid Expense and Other Assets, Current	22,385	9,835
Total current assets	536,872	366,405
Property, plant and equipment, net	159,730	148,423
Operating lease right-of-use assets	53,498	39,506
Goodwill	13,145	13,145
Intangible assets	1,615	1,615
Other assets	5,293	5,248
Total assets	770,153	574,342
Liabilities and Shareholders' Equity
Accounts payable	78,283	85,106
Accrued Liabilities, Current	46,565	47,318
Operating lease liabilities	13,079	11,745
Income taxes payable	0	152
Total current liabilities	137,927	144,321
Deferred income taxes net	23,247	19,814
Operating lease liabilities	41,688	29,782
Other liabilities	7,779	7,938
Total liabilities	210,641	201,855
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; 101,942,658 and 101,727,658 shares issued, respectively	1,019	1,017
Additional paid-in capital	42,588	40,393
Retained earnings	535,077	358,345
Accumulated other comprehensive income (loss)	4,911	(3,185)
Common stock, value	(19,133)	(19,133)
Total shareholders' equity	559,512	372,487
Total liabilities and shareholders' equity	770,153	574,342
Series C Preferred Stock [Member]
Shareholders' equity:
Treasury stock Series C preferred stock, value	$ (5,100)	$ (5,100)

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Apr. 27, 2024	Jun. 24, 2024	Oct. 27, 2023
Document Information [Line Items]
Entity Central Index Key	0000069891
Entity Registrant Name	National Beverage Corp.
Amendment Flag	false
Current Fiscal Year End Date	--04-27
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Document Type	10-K
Document Annual Report	true
Document Period End Date	Apr. 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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1,100,000,000
Entity Common Stock, Shares Outstanding		93,580,046
Auditor Name	RSM US LLP
Auditor Firm ID	49
Auditor Location	Fort Lauderdale, Florida

Note 4 - Leases

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

4.	LEASES

The Company has entered into various non-cancelable operating lease agreements for certain of our offices, buildings, machinery and equipment expiring at various dates through July 2035. The Company does not assume renewals in our determination of the lease term unless the renewals are deemed to be reasonably assured at lease commencement. Lease agreements generally do not contain material residual value guarantees or material restrictive covenants. Operating lease cost was $15.9 million, $14.4 million and $14.5 million in Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. As of April 27, 2024, the weighted-average remaining lease term and weighted average discount rate of operating leases were 4.80 years and 4.30%, respectively. As of April 29, 2023, the weighted-average remaining lease term and weighted average discount rate of operating leases were 4.34 years and 3.30%, respectively. Cash paid for amounts included in the measurement of operating lease liabilities were $15.4 million, $14.3 million and $14.7 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.

The following is a summary of future minimum lease payments and related liabilities for all non-cancelable operating leases at April 27, 2024:

	(In thousands)
Fiscal 2025	$	15,068
Fiscal 2026		13,382
Fiscal 2027		11,847
Fiscal 2028		6,946
Fiscal 2029		5,770
Thereafter		8,156
Total minimum lease payments including interest		61,168
Less: Amounts representing interest		(6,401	)
Present value of minimum lease payments		54,767
Less: Current portion of operating lease liabilities		(13,079	)
Non-current portion of operating lease liabilities	$	41,688

Note 1 - Significant Accounting Policies

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Significant Accounting Policies [Text Block]

NATIONAL BEVERAGE CORP. AND SUBSIDIARIES

Notes to Consolidated Financial Statements

National Beverage Corp. develops, produces, markets and sells a distinctive portfolio of sparkling waters, juices, energy drinks and carbonated soft drinks primarily in the United States and Canada. Incorporated in Delaware in 1985, National Beverage Corp. is a holding company for various operating subsidiaries. When used in this report, the terms “we,” “us,” “our,” “Company” and “National Beverage” mean National Beverage Corp. and its subsidiaries.

1.	SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Segment Reporting

Use of Estimates

Fair Value of Financial Instruments

Cash and Cash Equivalents

Cash and cash equivalents are comprised of cash and highly liquid securities (consisting primarily of bank deposits and short-term government money-market investments).

Trade Receivables, Net

Changes in the allowance for credit losses were as follows:

	(In thousands)
	Fiscal 2024			Fiscal 2023			Fiscal 2022
Balance at beginning of year	$	523		$	559		$	1,140
Net charge (credit) to expense		427			11			(581	)
Net charge-off		(82	)		(47	)		-
Balance at end of year	$	868		$	523		$	559

Inventories

Property, Plant and Equipment, Net

Leases

●

Residual value guarantees, restrictions or covenants: The Company’s lease agreements do not contain material residual value guarantees, restrictions or covenants.

Intangible Assets

Intangible assets at April 27, 2024 and April 29, 2023 consisted of non-amortizable acquired trademarks.

Impairment of Long-Lived Assets

Insurance Programs

Revenue Recognition

Shipping and Handling Costs

Marketing Costs

Income Taxes

A valuation allowance will be provided against deferred tax assets if the Company determines it is more likely than not such assets will not ultimately be realized.

Earnings Per Common Share

Recently Issued Accounting Pronouncements

Insider Trading Arrangements

12 Months Ended

Apr. 27, 2024

Insider Trading Arr Line Items

Material Terms of Trading Arrangement [Text Block]

ITEM 9B.

OTHER INFORMATION

Not applicable.

Rule 10b5-1 Arrangement Terminated [Flag]

false

Rule 10b5-1 Arrangement Adopted [Flag]

false

Non-Rule 10b5-1 Arrangement Terminated [Flag]

false

Non-Rule 10b5-1 Arrangement Adopted [Flag]

false

Note 2 - Property, Plant and Equipment, Net

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

2.	PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net at April 27, 2024 and April 29, 2023 consisted of the following:

	(In thousands)
	2024			2023
Land	$	9,835		$	9,835
Buildings and improvements		71,754			70,615
Machinery and equipment		314,079			289,567
Total		395,668			370,017
Less: accumulated depreciation		(235,938	)		(221,594	)
Property, plant and equipment, net	$	159,730		$	148,423

Depreciation expense was $18.9 million, $17.7 million and $15.8 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.

Note 14 - Restatement (Tables)

12 Months Ended

Apr. 27, 2024

Notes Tables

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

	Fiscal Year Ended April 29, 2023									Fiscal Year Ended April 30, 2022
Operating Activities:	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Operating lease right-of-use asset	$	(23,495	)	$	23,495		$	-		$	(6,054	)	$	6,054		$	-
Prepaid and other assets		15,472			(7,197	)		8,275			(5,084	)		(8,713	)		(13,797	)
Accrued and other liabilities		(4,256	)		7,197			2,941			(12,444	)		8,713			(3,731	)
Operating lease liabilities		10,281			(23,495	)		(13,214	)		(7,170	)		(6,054	)		(13,224	)
Net cash provided by operating activities		161,665			-			161,665			133,133			-			133,133
Right-of- use assets obtained in exchange for lease liabilities	$	-		$	23,495			23,495		$	-		$	6,054		$	6,054

	Three Months Ended July 29, 2023									Six Months Ended October 28, 2023									Nine Months Ended January 27, 2024
Operating Activities:	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Operating lease right-of-use asset	$	(3,589	)	$	3,589		$	-		$	(11,877	)	$	11,877		$	-		$	(27,905	)	$	27,905		$	-
Prepaid and other assets		1,475			84			1,559			(600	)		(5,817	)		(6,417	)		(3,186	)		(8,600	)		(11,786	)
Accrued and other liabilities		9,562			(84	)		9,478			(4,205	)		5,817			1,612			(7,485	)		8,600			1,115
Operating lease liabilities		287			(3,589	)		(3,329	)		3,586			(11,877	)		(8,291	)		16,629			(27,905	)		(11,276	)
Net cash provided by operating activities		70,143			-			70,143			102,059			-			102,059			137,465			-			137,465
Right-of-use assets obtained in exchange for lease liabilities	$	-		$	3,589		$	3,589		$	-		$	11,877		$	11,877		$	-		$	27,905		$	27,905

	Three Months Ended July 30, 2022									Six Months Ended October 29, 2022									Nine Months Ended January 28, 2023
Operating Activities:	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Operating lease right-of-use asset	$	(12,468	)	$	12,468		$	-		$	(16,132	)	$	16,132		$	-		$	(19,539	)	$	19,539		$	-
Prepaid and other assets		11,656			53			11,709			3,187			(770	)		2,417			1,832			2,264			4,096
Accrued and other liabilities		(344	)		(53	)		(397	)		(1,566	)		770			(796	)		5,271			(2,264	)		3,007
Operating lease liabilities		9,310			(12,468	)		(3,158	)		9,597			(16,132	)		(6,535	)		9,633			(19,539	)		(9,906	)
Net cash provided by operating activities		40,617			-			40,617			82,238			-			82,238			112,253			-			112,253
Right-of-use assets obtained in exchange for lease liabilities	$	-		$	12,468		$	12,468		$	-		$	16,132		$	16,132		$	-		$	19,539		$	19,539

	Three Months Ended July 31, 2021									Six Months Ended October 30, 2021									Nine Months Ended January 29, 2022
Operating Activities:	As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated			As Reported			Adjustments			As Restated
Operating lease right-of-use asset	$	(924	)	$	924		$	-		$	(1,594	)	$	1,594		$	-		$	(5,827	)	$	5,827		$	-
Prepaid and other assets		(106	)		1,506			1,400			510			(2,472	)		(1,962	)		(4,730	)		(2,489	)		(7,219	)
Accrued and other liabilities		12,509			(1,506	)		11,003			(9,545	)		2,472			(7,073	)		(7,724	)		2,489			(5,235	)
Operating lease liabilities		(2,192	)		(924	)		(3,116	)		(5,093	)		(1,594	)		(6,687	)		(4,250	)		(5,827	)		(10,077	)
Net cash provided by operating activities		56,658			-			56,658			85,964			-			85,964			92,552			-			92,552
Right-of-use assets obtained in exchange for lease liabilities	$	-		$	924		$	924		$	-		$	1,594		$	1,594		$	-		$	5,827		$	5,827

Note 11 - Pension Plans

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Retirement Benefits [Text Block]

11.

PENSION PLANS

The Company contributes to certain pension plans under collective bargaining agreements and to a discretionary profit sharing plan. Annual contributions (including contributions to multi-employer plans reflected below) were $3.8 million, $3.8 million and $4.0 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.

The Company participates in three multi-employer defined benefit pension plans with respect to certain collective bargaining agreements. If the Company chooses to stop participating in the multi-employer plan or if other employers choose to withdraw to the extent that a mass withdrawal occurs, the Company could be required to pay the plan a withdrawal liability based on the underfunded status of the plan.

Summarized below is certain information regarding the Company’s participation in significant multi-employer pension plans including the financial improvement plan or rehabilitation plan status (“FIP/RP Status”) and the zone status under the Pension Protection Act (“PPA”). The most recent PPA zone status available in Fiscal 2024 and Fiscal 2023 is for the plans’ years ending December 31, 2022 and 2021, respectively.

	PPA Zone Status
Pension Fund	Fiscal 2024	Fiscal 2023	FIP/RP Status	Surcharge Imposed
Central States, Southeast and Southwest Areas Pension Plan (EIN no. 36-6044243) (the “CSSS Fund”)	Red	Red	Implemented	Yes
Western Conference of Teamsters Pension Trust Fund (EIN no. 91-6145047) (the “WCT Fund”)	Green	Green	Not Applicable	No

For the plan years ended December 31, 2022 and December 31, 2021, the Company was not listed in the Form 5500 Annual Returns as providing more than 5% of the total contributions for the above plans. The collective bargaining agreement for employees in the CSSS Fund expires on October 18, 2026. The collective bargaining agreement for employees in the WCT Fund expired on May 14, 2024 and is currently being negotiated.

The Company’s contributions for all multi-employer pension plans for the last three fiscal years are as follow:

	(In millions)
	Fiscal		Fiscal		Fiscal
Pension Fund	2024		2023		2022
CSSS Fund	$	1.6	$	1.6	$	1.5
WCT Fund		0.8		0.8		0.8
Other multi-employer pension funds		0.2		0.2		0.2
Total	$	2.6	$	2.6	$	2.5

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Note 7 - Derivative Financial Instruments - USD ($)
$ in Thousands

12 Months Ended

Apr. 27, 2024

Apr. 29, 2023

Assets, Current [Abstract]

Prepaid Expense and Other Assets, Current

$ 22,385

$ 9,835

Liabilities, Current [Abstract]

Accrued Liabilities, Current

$ 46,565

$ 47,318

Notes to Financial Statements

Derivative Instruments and Hedging Activities Disclosure [Text Block]

7.	DERIVATIVE FINANCIAL INSTRUMENTS

From time to time, the Company enters 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 following summarizes the gains (losses) recognized in the Consolidated Statements of Income and AOCI:

	(In thousands)
	Fiscal			Fiscal			Fiscal
	2024			2023			2022
Recognized in AOCI-
(Loss) gain before income taxes	$	(425	)	$	(21,100	)	$	15,105
Less: income tax (benefit) provision		(111	)		(5,047	)		3,613
Net		(314	)		(16,053	)		11,492
Reclassified from AOCI to cost of sales-
(Loss) gain before income taxes		(10,805	)		(7,785	)		10,001
Less: income tax (benefit) provision		(2,581	)		(1,862	)		2,391
Net		(8,224	)		(5,923	)		7,610
Net change to AOCI	$	7,910		$	(10,130	)	$	3,882

As of April 27, 2024, the total notional amount of our outstanding aluminum swap contracts was $52.4 million and, assuming no change in the commodity prices, $5.7 million of unrealized gain before tax will be reclassified from AOCI and recognized into earnings over the next 12 months.

As of April 27, 2024, the fair value of the derivative asset was $5.7 million, which was included in prepaid and other assets. As of April 29, 2023, the fair value of the derivative liability, which was included in accrued liabilities, was $4.6 million. Such valuation does not entail a significant amount of judgment and the inputs that are significant to the fair value measurement are Level 2 as defined by the fair value hierarchy as they are observable market-based inputs or unobservable inputs that are corroborated by market data.

Note 1 - Significant Accounting Policies - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Balance at beginning of year	$ 523	$ 559	$ 1,140
Net charge (credit) to expense	427	11	(581)
Net charge-off	(82)	(47)	0
Balance at end of year	$ 868	$ 523	$ 559

Note 14 - Restatement - Schedule of Restatements (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended			9 Months Ended			12 Months Ended
	Jul. 29, 2023	Jul. 30, 2022	Jul. 31, 2021	Oct. 28, 2023	Oct. 29, 2022	Oct. 30, 2021	Jan. 27, 2024	Jan. 28, 2023	Jan. 29, 2022	Apr. 27, 2024	Apr. 29, 2023	Apr. 30, 2022
Operating lease right-of-use asset	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0		$ 0	$ 0
Prepaid and other assets	1,559	11,709	1,400	(6,417)	2,417	(1,962)	(11,786)	4,096	(7,219)	$ (8,151)	8,275	(13,797)
Accrued and other liabilities	9,478	(397)	11,003	1,612	(796)	(7,073)	1,115	3,007	(5,235)	3,885	2,941	(3,731)
Operating lease liabilities	(3,329)	(3,158)	(3,116)	(8,291)	(6,535)	(6,687)	(11,276)	(9,906)	(10,077)	(14,792)	(13,214)	(13,224)
Net cash provided by operating activities	70,143	40,617	56,658	102,059	82,238	85,964	137,465	112,253	92,552	197,907	161,665	133,133
Right-of- use assets obtained in exchange for lease liabilities	3,589	12,468	924	11,877	16,132	1,594	27,905	19,539	5,827	$ 28,039	23,495	6,054
Previously Reported [Member]
Operating lease right-of-use asset	(3,589)	(12,468)	(924)	(11,877)	(16,132)	(1,594)	(27,905)	(19,539)	(5,827)		(23,495)	(6,054)
Prepaid and other assets	1,475	11,656	(106)	(600)	3,187	510	(3,186)	1,832	(4,730)		15,472	(5,084)
Accrued and other liabilities	9,562	(344)	12,509	(4,205)	(1,566)	(9,545)	(7,485)	5,271	(7,724)		(4,256)	(12,444)
Operating lease liabilities	287	9,310	(2,192)	3,586	9,597	(5,093)	16,629	9,633	(4,250)		10,281	(7,170)
Net cash provided by operating activities	70,143	40,617	56,658	102,059	82,238	85,964	137,465	112,253	92,552		161,665	133,133
Right-of- use assets obtained in exchange for lease liabilities	0	0	0	0	0	0	0	0	0		0	0
Revision of Prior Period, Adjustment [Member]
Operating lease right-of-use asset	3,589	12,468	924	11,877	16,132	1,594	27,905	19,539	5,827		23,495	6,054
Prepaid and other assets	84	53	1,506	(5,817)	(770)	(2,472)	(8,600)	2,264	(2,489)		(7,197)	(8,713)
Accrued and other liabilities	(84)	(53)	(1,506)	5,817	770	2,472	8,600	(2,264)	2,489		7,197	8,713
Operating lease liabilities	(3,589)	(12,468)	(924)	(11,877)	(16,132)	(1,594)	(27,905)	(19,539)	(5,827)		(23,495)	(6,054)
Net cash provided by operating activities	0	0	0	0	0	0	0	0	0		0	0
Right-of- use assets obtained in exchange for lease liabilities	$ 3,589	$ 12,468	$ 924	$ 11,877	$ 16,132	$ 1,594	$ 27,905	$ 19,539	$ 5,827		$ 23,495	$ 6,054

Note 5 - Debt

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Debt Disclosure [Text Block]

DEBT

At April 27, 2024, a subsidiary of the Company maintained unsecured revolving credit facilities with banks aggregating $100 million (the “Credit Facilities”). The Credit Facilities expire from October 28, 2024 to May 30, 2025 and any borrowings would currently bear interest at 1.05% above the Secured Overnight Financing Rate (“SOFR”). There were no borrowings outstanding under the Credit Facilities at April 27, 2024 or April 29, 2023. At April 27, 2024, $2.2 million of the Credit Facilities was reserved for standby letters of credit and $97.8 million was available for borrowings.

On December 21, 2021, a subsidiary of the Company entered into an unsecured revolving term loan facility with a national bank aggregating $50 million (the “Loan Facility”). There were no borrowings outstanding under the Loan Facility at April 27, 2024 or April 29, 2023. The Loan Facility expires December 31, 2025 and borrowings would bear interest at 1.05% above the adjusted daily 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 of which are expected to have a material effect on our operations or financial position. At April 27, 2024, the subsidiary was in compliance with all loan covenants.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Note 13 - Subsequent Event (Details Textual) - Subsequent Event [Member]	Jun. 12, 2024 $ / shares
Dividends Payable, Amount Per Share (in dollars per share)	$ 3.25
Dividends Payable, Date Declared	Jun. 12, 2024
Dividends Payable, Date to be Paid	Jul. 24, 2024
Dividends Payable, Date of Record	Jun. 24, 2024

Note 10 - Stock-based Compensation

12 Months Ended

Apr. 27, 2024

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

10.

STOCK-BASED COMPENSATION

Our stock-based compensation program is a broad-based program designed to attract and retain personnel while also aligning participants’ interests with the interests of the shareholders.

The 1991 Omnibus Incentive Plan (the “Omnibus Plan”) provides for compensatory awards consisting of (i) stock options or stock awards for up to 9,600,000 shares of common stock, (ii) stock appreciation rights, dividend equivalents, other stock-based awards in amounts up to 9,600,000 shares of common stock and (iii) performance awards consisting of any combination of the above. The Omnibus Plan is designed to provide an incentive to officers and certain other key employees and consultants by making available to them an opportunity to acquire a proprietary interest or to increase such interest in National Beverage. The number of shares or options which may be issued under stock-based awards to an individual is limited to 3,360,000 during any year. Awards may be granted for no cash consideration or such minimal cash consideration as may be required by law. Options generally have an exercise price equal to the fair market value of our common stock on the date of grant, vest over a five-year period and expire after ten years.

The Special Stock Option Plan provides for the issuance of stock options to purchase up to an aggregate of 3,600,000 shares of common stock. Options may be granted for such consideration as determined by the Board of Directors. The vesting schedule and exercise price of these options are tied to the recipient’s ownership level of common stock, the terms generally allow for the reduction in exercise price upon each vesting period and the options generally expire after ten years. Also, the Board of Directors authorized the issuance of options to purchase up to 100,000 shares of common stock to be issued at the direction of the Chairman.

The Key Employee Equity Partnership Program (“KEEP Program”) provides for the granting of stock options to purchase up to 480,000 shares of common stock to key employees, consultants, directors and officers. Participants who purchase shares of stock in the open market receive grants of stock options equal to 50% of the number of shares purchased, up to a maximum of 12,000 shares in any two-year period. Options under the KEEP Program are forfeited in the event of the sale of shares used to acquire such options. Options are granted at an initial exercise price of 60% of the purchase price paid for the shares acquired, the exercise price reduces to the par value of the common stock at the end of the six-year vesting period and the options generally expire after ten years.

Stock options are accounted for under the fair value method of accounting using a Black-Scholes valuation model to estimate the stock option fair value at date of grant. The fair value of stock options is amortized to expense over the vesting period. The Company estimates expected forfeitures based upon historical experience. No stock options were granted in Fiscal 2024 or Fiscal 2023. In Fiscal 2022, stock options for 30,000 shares were granted with a weighted-average grant date fair value of $6.91. The weighted average Black-Scholes fair value assumptions for stock options granted in Fiscal 2022 were as follows: weighted average expected life of 6.5 years; weighted average expected volatility of 20.74%; weighted average risk-free interest rate of .82%; and expected dividend yield of 2.48%. The expected life of stock options was estimated based on historical experience. The expected volatility was estimated based on historical stock prices for a period consistent with the expected life of stock options. The risk-free interest rate was based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected life of stock options.

The following is a summary of stock option activity for Fiscal 2024:

	Number of Shares			Price ^(a)
Options outstanding, beginning of year		521,300		$	18.13
Granted		-			-
Exercised		(215,000	)	$	6.12
Forfeited or cancelled		(6,400	)	$	31.49
Options outstanding, end of year		299,900		$	25.48
Options vested and exercisable, end of year		164,580		$	23.40

^(a) Weighted average exercise price.

Stock-based compensation expense was $0.9 million, $0.7 million, $0.7 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. The total income tax benefits related to stock-based compensation were $1.7 million, $0.2 million and $0.4 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. Stock-based income tax benefits realized from stock option exercises aggregated $1.5 million, $0.1 million and $0.3 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.

The total intrinsic value for stock options exercised was $9.1 million, $0.4 million and $1.4 million for Fiscal 2024, Fiscal 2023 and 2022, respectively. Cash proceeds from the exercise of stock options were $1.3 million, $0.3 million and $0.3 million for Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.

At April 27, 2024, unrecognized compensation expense related to the unvested portion of stock options was $1.4 million, which is expected to be recognized over a remaining weighted average period of 1.6 years. The weighted average remaining contractual term and the aggregate intrinsic value for options outstanding at April 27, 2024 was 5.4 years and $5.5 million, respectively. The weighted average remaining contractual term and the aggregate intrinsic value for options exercisable at April 27, 2024 was 4.7 years and $3.3 million, respectively.