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Investments (Tables)
3 Months Ended
Jul. 26, 2013
[Investments Abstract]  
Schedule of Cost Method Investments [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 26, 2013

 

April 26, 2013

ImThera Medical, Inc. - convertible preferred shares (1)

   

$

8,000,002 

   

$

8,000,002 

Cerbomed GmbH - convertible preferred shares (2)

 

 

2,588,200 

 

 

2,588,200 

Carrying amount – long-term investments

 

$

10,588,202 

 

$

10,588,202 

 

 

(1)

ImThera Medical, Inc. (“ImThera”) is a privately-held company focused on developing a neurostimulation device system for the treatment of obstructive sleep apnea. See “Note 14. Fair Value Measurements” for further details regarding this investment. This investment provides us with less than 20% ownership without significant influence over the entity involved. We are contractually committed to purchase one additional tranche of convertible preferred stock of $4.0 million contingent on ImThera attaining certain performance goals.

 

(2)

Cerbomed GmbH (“Cerbomed”) is a privately-held German company focused on developing a transcutaneous vagus nerve stimulation device for the treatment of epilepsy. This investment provides us with less than 20% ownership and no significant influence over the entity involved. See “Note 14. Fair Value Measurements” for further details regarding this investment.