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Long-Term Debt and Credit Arrangements (Tables)
 3 Months Ended
Jul. 29, 2016
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Refer to the table below:
(in thousands)
July 29, 2016
 
April 29, 2016
Credit Agreement borrowings (1)
$
333,337

 
$
307,000

Mortgage Loan (1)
28,223

 
28,963

R&D Loan (1)
2,118

 
2,219

Interest-free loan (1)
877

 
875

Total borrowings
364,555

 
339,057

Less current portion
(3,421
)
 
(3,419
)
Long-term debt
$
361,134

 
$
335,638

(1) The Credit Agreement, Mortgage Loan, R&D Loan and Interest-free loan mature in fiscal 2019, 2026, 2021 and 2022, respectively.
Schedule of Net Interest Expense
Net interest expense during three months ended July 29, 2016 and July 24, 2015 was comprised of the following:
 
Three Months Ended
(in thousands)
July 29, 2016
 
July 24, 2015
Interest Expense:
 
 
 
     Variable-rate debt (1)
$
2,371

 
$
2,795

     Fixed-rate debt (2)
396

 
437

     Capitalized interest
(198
)
 
(11
)
     Total Interest Expense on outstanding borrowings
2,569

 
3,221

Interest income:
 
 
 
     Accretion on note receivable (3)
(558
)
 
(499
)
     Other (4)
(118
)
 
(116
)
     Total Interest Income
(676
)
 
(615
)
Net Interest Expense
$
1,893

 
$
2,606

(1)
Primarily interest expense on our Credit Agreement Borrowings and our Mortgage loan
(2)
Includes the amortization of debt issuance costs
(3)
Accretion on our $30,000 note receivable, obtained as part of the sale of Mimi’s Café to Le Duff.
(4)
Primarily interest income on our $30,000 note receivable, obtained as part of the sale of Mimi’s Café to Le Duff.