Fair Value Measurements (Tables)

6 Months Ended

Oct. 26, 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 October 26, 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	$	—	$	—	$	4,344	$	4,344
Total	$	—	$	—	$	4,344	$	4,344

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 losses (realized or unrealized)
Included in selling, general and administrative		81
Included in other comprehensive income		—
Settlements		—
Balance at October 26, 2019	$	4,344
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 or liabilities still held at October 26, 2019	$	—