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Long-Term Debt and Credit Arrangements (Tables)
 3 Months Ended
Jul. 28, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Refer to the table below:
(in thousands)
July 28, 2017
 
April 28, 2017
Credit Facility borrowings (1)
$
90,000

 
$
—

R&D Loan (1)
1,695

 
1,801

Interest-free loan (1)
898

 
894

Total borrowings
92,593

 
2,695

Less current portion
(425
)
 
(428
)
Long-term debt
$
92,168

 
$
2,267

(1) The Credit Facility, R&D Loan and Interest-free loan mature in fiscal 2022, 2021 and 2022, respectively.
Schedule of Net Interest Expense
Net interest expense during three months ended July 28, 2017 and July 29, 2016 was comprised of the following:
 
Three Months Ended
(in thousands)
July 28, 2017
 
July 29, 2016
Interest expense:
 
 
 
     Variable-rate debt (1)
$
447

 
$
1,965

     Fixed-rate debt (2)
92

 
396

     Capitalized interest
(8
)
 
(198
)
     Total interest expense on outstanding borrowings
531

 
2,163

Interest income:
 
 
 
     Accretion on note receivable (3)
—

 
(558
)
     Other
(71
)
 
(118
)
     Total interest income
(71
)
 
(676
)
Net interest expense from continuing operations
$
460

 
$
1,487

(1)
Primarily interest expense on our Credit Facility borrowings for the three months ended July 28, 2017, and interest expense on our former credit agreement for the three months ended July 29, 2016.
(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 the third quarter of fiscal 2017