Fair Value Measurements (Tables)

3 Months Ended

Jul. 27, 2019

Fair Value Measurements

Schedule of financial liabilities measured at fair value on recurring basis

The Company’s financial liabilities measured at fair value on a recurring basis at July 27, 2019, were as follows (in thousands):

	Fair Value Measurement Using
			Significant
	Quoted prices in		other		Significant
	active markets for		observable		unobservable
	identical assets		inputs		inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Contingent consideration	$	—	$	—	$	4,295	$	4,295
Total	$	—	$	—	$	4,295	$	4,295

Schedule of financial assets measured at fair value on a recurring basis

The following table provides a reconciliation between the beginning and ending balances of items measured at fair value on a recurring basis that used significant unobservable inputs (Level 3) (in thousands):

	Fair Value
	Measurements Using
	Significant
	Unobservable Inputs
Description	(Level 3)
Balance at May 1, 2019	$	—
Business acquisition		4,263
Transfers to Level 3		—
Total gains (realized or unrealized)
Included in selling, general and administrative		32
Included in other comprehensive income		—
Settlements		—
Balance at July 27, 2019	$	4,295
The amount of total gains or (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at July 27, 2019	$	—