Property, Equipment and Improvements

12 Months Ended

May 03, 2015

Property, Plant and Equipment [Abstract]



Property, equipment and improvements consist of the following (in thousands):	As of
	May 3, 2015			April 27, 2014
Land and buildings	$	68,286		$	49,995
Computer equipment	62,857			55,611
Office equipment, furniture and fixtures	5,251			5,213
Machinery and equipment	493,224			435,262
Leasehold property and improvements	42,099			37,353
Total	671,717			583,434
Accumulated depreciation and amortization	(355,940		)	(310,106		)
Property, equipment and improvements (net)	$	315,777		$	273,328

During the third quarter of fiscal 2015, the Company recorded a $5.8 million charge for the impairment of long-lived assets (primarily machinery and equipment) due to the projected cash flows associated with these assets not supporting the carrying values of these assets. In accordance with the guidance for the impairment of long-lived assets, these assets were written down to their estimated fair value of zero, which was determined based on an income approach using the discounted cash flow method.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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