Derivative Financial Instruments (Tables)

6 Months Ended

Oct. 24, 2020

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	October 24, 2020		April 25, 2020
Assets:
Interest rate contracts	Other non-current assets	$	365	$	204
Liabilities:
Interest rate contracts	Other accrued liabilities	5,160		6,789
Interest rate contracts	Other non-current liabilities	10,513		13,060
Total liability derivatives		$	15,673	$	19,849

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 operations and other comprehensive income:

		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)
		Three Months Ended				Six Months Ended
Derivatives in cash flow hedging relationships	Statements of operations location	October 24, 2020		October 26, 2019		October 24, 2020		October 26, 2019
Interest rate contracts	Interest expense	$	(342)	$	(725)	$	(682)	$	(1,450)