Derivative Financial Instruments (Tables)

3 Months Ended

Jul. 29, 2023

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 29, 2023		April 29, 2023
Assets:
Interest rate contracts	Prepaid expenses and other current assets	$	7,081	$	5,875
Interest rate contracts	Other non-current assets, net	27,484		23,210
Total asset derivatives		$	34,565	$	29,085
Liabilities:
Interest rate contracts	Other accrued liabilities	$	231	$	267
Interest rate contracts	Other non-current liabilities	15,387		12,993
Total liability derivatives		$	15,618	$	13,260

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 29, 2023		July 30, 2022
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 29, 2023		July 30, 2022
Interest rate contracts	Other income, net	$	6,775	$	(1,948)