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Fair Value Measurements (Tables)
9 Months Ended
Jan. 29, 2022
Fair Value Measurements  
Schedule of financial assets and liability measured at fair value on a recurring basis

The Company’s financial assets measured at fair value on a recurring basis at January 29, 2022, were as follows (in thousands):

Fair Value Measurement Using

 

    

    

Significant

    

    

 

Quoted prices in

other

Significant

 

active markets for

observable

unobservable

 

identical assets

inputs

inputs

 

Description

(Level 1)

(Level 2)

(Level 3)

Total

 

Available-for-sale securities

$

$

3,969

$

$

3,969

Contingently returnable consideration

216

216

Total

$

$

3,969

$

216

$

4,185

The Company’s financial liabilities measured at fair value on a recurring basis at January 29, 2022, were as follows (in thousands):

Fair Value Measurement Using

 

    

    

Significant

    

    

 

Quoted prices in

other

Significant

 

active markets for

observable

unobservable

 

identical assets

inputs

inputs

 

Description

(Level 1)

(Level 2)

(Level 3)

Total

 

Contingent consideration

$

$

$

889

$

889

Total

$

$

$

889

$

889

The Company’s financial assets measured at fair value on a recurring basis at April 30, 2021, were as follows (in thousands):

Fair Value Measurement Using

    

    

Significant

    

    

Quoted prices in

other

Significant

active markets for

observable

unobservable

identical assets

inputs

inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total

Available-for-sale securities

$

$

36,959

$

$

36,959

Contingently returnable consideration

479

479

Total

$

$

36,959

$

479

$

37,438

Schedule of reconciliation between beginning and ending balances of items measured at fair value on recurring basis that used significant unobservable inputs (Level 3)

The following table provides a reconciliation between the beginning and ending balances of items measured at fair value

on a recurring basis that used significant unobservable inputs (Level 3) (in thousands):

    

Fair Value

Fair Value

 

Measurements Using

Measurements Using

 

Significant

Significant

 

Unobservable Inputs

Unobservable Inputs

 

Assets

Liabilities

Description

(Level 3)

(Level 3)

 

Balance at May 1, 2021

$

479

$

Business acquisition

889

Transfers to Level 3

 

 

Total losses (realized or unrealized)

Included in selling, general and administrative

263

Settlements

 

 

Balance at January 29, 2022

$

216

$

889

The amount of total (gains) or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets or liabilities still held at January 29, 2022

$

$