Derivative Financial Instruments (Tables)

3 Months Ended

Jul. 30, 2022

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 30, 2022		April 30, 2022
Assets:
Interest rate contracts	Prepaid expenses and other current assets	$	3,669	$	3,875
Interest rate contracts	Other non-current assets, net	16,634		19,871
Total asset derivatives		$	20,303	$	23,746
Liabilities:
Interest rate contracts	Other accrued liabilities	$	300	$	250
Interest rate contracts	Other non-current liabilities	7,908		10,013
Total liability derivatives		$	8,208	$	10,263

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
Derivatives in cash flow hedging relationships	Statements of operations location	July 30, 2022		July 31, 2021
Interest rate contracts	Interest expense	$	(341)	$	(341)

		Amount of Gain (Loss) Recognized in Income on Derivatives
		Three Months Ended
Derivatives not designated as hedging instruments	Statements of operations location	July 30, 2022		July 31, 2021
Interest rate contracts	Other income, net	$	(1,948)	$	(1,187)