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Recent Accounting Standards Not Yet Effective | 12 Months Ended
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Apr. 24, 2015
New Accounting Pronouncements And Changes In Accounting Principles [Abstract] |
Recent Accounting Standards Not Yet Effective | 3. Recent Accounting Standards Not Yet Effective In April 2014, the Financial Accounting Standards Board (FASB) issued an ASU that changes the criteria for reporting discontinued operations and expands related disclosure requirements. This accounting standard will be effective for us beginning in our first quarter of fiscal 2016. The effects of this guidance will depend on the nature and significance of discontinued operations occurring after the effective date. In May 2014, the FASB issued new guidance related to the recognition and reporting of revenue that establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. The guidance allows for the use of either the full or modified retrospective transition method, and the standard will be effective for us in the first quarter of our fiscal year 2018; early adoption is not permitted. We are currently evaluating the impact of this new standard on our consolidated financial statements, as well as which transition method we intend to use. In April 2015, the FASB issued an ASU to provide guidance to entities on evaluating the accounting for fees paid by a customer in a cloud computing arrangement. This guidance will be effective for us beginning in our first quarter of fiscal 2017 and may be applied prospectively to all arrangements entered into or materially modified after the effective date or retrospectively. Early adoption is permitted. We are currently evaluating the impact of this ASU, as well as which transition method we intend to use, but do not anticipate material impacts on our consolidated financial statements upon adoption.

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- Definition The entire disclosure for a new accounting pronouncement that has been issued but not yet adopted. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 11.M) -URI http://asc.fasb.org/extlink&oid=26874127&loc=d3e31137-122693 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 11 -Section M + Details
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