Fair Value Measurements (Tables)

9 Months Ended

Jan. 25, 2020

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 January 25, 2020, 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
Variable rate demand notes	$	—	$	13,200	$	—	$	13,200
Contingent consideration		—		—		2,500		2,500
Total	$	—	$	13,200	$	2,500	$	15,700

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

	Fair Value
	Measurements Using
	Significant
	Unobservable Inputs
Description	(Level 3)
Balance at May 1, 2019	$	—
Business acquisition		1,703
Transfers to Level 3		—
Total (gains) losses (realized or unrealized)
Included in inventories		380
Included in product cost of sales		767
Included in selling, general and administrative		(703)
Included in research and development		353
Included in other comprehensive income		—
Settlements		—
Balance at January 25, 2020	$	2,500
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 January 25, 2020	$	—