Derivative Financial Instruments (Tables)

6 Months Ended

Oct. 28, 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	October 28, 2023		April 29, 2023
Assets:
Interest rate contracts	Prepaid expenses and other current assets	$	6,789	$	5,875
Interest rate contracts	Other non-current assets, net	28,018		23,210
Total asset derivatives		$	34,807	$	29,085
Liabilities:
Interest rate contracts	Other accrued liabilities	$	221	$	267
Interest rate contracts	Other non-current liabilities	16,787		12,993
Total liability derivatives		$	17,008	$	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 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 28, 2023		October 29, 2022		October 28, 2023		October 29, 2022
Interest rate contracts	Interest expense	$	(341)	$	(341)	$	(682)	$	(682)

		Amount of Gain Recognized in Income on Derivatives
		Three Months Ended				Six Months Ended
Derivatives not designated as hedging instruments	Statements of operations location	October 28, 2023		October 29, 2022		October 28, 2023		October 29, 2022
Interest rate contracts	Other income, net	$	2,786	$	13,072	$	9,561	$	11,124