Fair Value Measurements (Tables)

12 Months Ended

Apr. 27, 2024

Fair Value Disclosures [Abstract]

Fair Value Hierarchy Measurements, Fair Value Levels

Level 1 –	Quoted prices in active markets for identical assets and liabilities at the measurement date.
Level 2 –	Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
Level 3 –	Unobservable inputs for which there is little or no market data available. These inputs reflect management’s assumptions of what market participants would use in pricing the asset or liability.

Assets and Liabilities Measured at Fair Value on Recurring Basis

Our hierarchy for assets and liabilities measured at fair value on a recurring basis is as follows:

	April 27, 2024
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	4,685	$	4,685	$	—	$	—
DPP receivable - receivables securitization program	198,827		—		—		198,827
DPP receivable - customer financing	114,259		—		—		114,259
Derivative instruments	26,974		—		26,974		—
Total assets	$	344,745	$	4,685	$	26,974	$	313,086
Liabilities:
Derivative instruments	$	13,457	$	—	$	13,457	$	—

	April 29, 2023
	Total		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	47,777	$	47,777	$	—	$	—
DPP receivable - receivables securitization program	227,946		—		—		227,946
DPP receivable - customer financing	102,979		—		—		102,979
Derivative instruments	29,085		—		29,085		—
Total assets	$	407,787	$	47,777	$	29,085	$	330,925
Liabilities:
Derivative instruments	$	13,260	$	—	$	13,260	$	—