XML 62 R21.htm IDEA: XBRL DOCUMENT v3.19.2
Derivative Financial Instruments (Tables)
3 Months Ended
Jul. 27, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments Included in Condensed Consolidated Balance Sheets
The following presents the fair value of derivative instruments included in the condensed consolidated balance sheets:
Derivative type
Classification
July 27, 2019
 
April 27, 2019
Assets:
 
 
 
 
Interest rate contracts
Other non-current assets
$
149

 
$
380

Liabilities:
 
 
 
 
Interest rate contracts
Other accrued liabilities
2,486

 
1,034

Interest rate contracts
Other non-current liabilities
4,139

 
2,160

Total liability derivatives
 
$
6,625

 
$
3,194


Effect of Derivative instruments in Cash Flow Hedging Relationship on Condensed Consolidated Statements of Income and Other Comprehensive Income (OCI)
The following tables present the pre-tax effect of derivative instruments on the condensed consolidated statements of income:
 
 
 
 
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)
 
 
 
 
Three Months Ended
Derivatives in cash flow hedging relationships
 
Income statement location
 
July 27, 2019
 
July 28, 2018
Interest rate contracts
 
Interest expense
 
$
(725
)
 
$
(733
)