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Long-Term Debt and Credit Arrangements (Tables)
 12 Months Ended
Apr. 28, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Refer to the table below for outstanding borrowings as of April 28, 2017, and April 29, 2016, respectively:
(in thousands)
April 28, 2017
 
April 29, 2016
Credit Agreement borrowings
$
—

 
$
307,000

Mortgage Loan
—

 
28,963

R&D Loan (1)
1,801

 
2,219

Interest-free loan (1)
894

 
875

Total borrowings
2,695

 
339,057

Less current portion
(428
)
 
(3,419
)
Long term debt
$
2,267

 
$
335,638


(1)
The R&D Loan and Interest-free loan mature in fiscal 2021 and 2022, respectively.
Schedule of Net Interest Expense
Net interest expense from continuing operations in fiscal years 2017, 2016 and 2015 was comprised of the following:
(in thousands)
2017
 
2016
 
2015
Interest Expense:
 
 
 
 
 
     Variable-rate debt (1)
$
7,817

 
$
10,925

 
$
10,373

     Fixed-rate debt (2)
3,213

 
2,262

 
1,177

     Capitalized interest
(445
)
 
(210
)
 
(471
)
     Total Interest Expense on outstanding borrowings
10,585

 
12,977

 
11,079

Interest Income:
 
 
 
 
 
     Accretion on note receivable (3)
(1,133
)
 
(2,082
)
 
(1,859
)
     Other (4)
(236
)
 
(468
)
 
(571
)
     Total Interest Income
(1,369
)
 
(2,550
)
 
(2,430
)
Net Interest Expense
$
9,216

 
$
10,427

 
$
8,649

(1)
Primarily interest expense on our Credit Agreement borrowings.
(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 which was settled in fiscal 2017.
(4)
Primarily interest income on the $30,000 note receivable, obtained as part of the sale of Mimi’s Café to Le Duff which was settled in fiscal 2017.