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Fair Value Measurements (Tables)

9 Months Ended

Jan. 28, 2023

Fair Value Measurements

Schedule of financial assets measured at fair value on a recurring basis

The Company’s financial assets measured at fair value on a recurring basis at January 28, 2023, 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		$	—		$	—		$	—		$	—
Equity securities			3,165			—			—			3,165
Warrants			—			137			—			137
Contingently returnable consideration			—			—			—			—
Total		$	3,165		$	137		$	—		$	3,302


		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		$	—		$	—		$	1,727		$	1,727
Total		$	—		$	—		$	1,727		$	1,727

Schedule of financial liabilities measured at fair value on recurring basis

The Company’s financial liabilities measured at fair value on a recurring basis at January 28, 2023, 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		$	—		$	—		$	1,727		$	1,727
Total		$	—		$	—		$	1,727		$	1,727

The Company’s financial assets measured at fair value on a recurring basis at April 30, 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		$	—		$	24,716		$	—		$	24,716
Contingently returnable consideration			—			—			143			143
Total		$	—		$	24,716		$	143		$	24,859

The Company’s financial liabilities measured at fair value on a recurring basis at April 30, 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		$	—		$	—		$	1,084		$	1,084
Total		$	—		$	—		$	1,084		$	1,084

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, 2022		$	143		$	1,084
Business acquisition			—			—
Transfers to Level 3			—			—
Total fair value measurement adjustments (realized or unrealized)
Included in selling, general and administrative			(143)			643
Settlements			—			—
Balance at January 28, 2023		$	—		$	1,727
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 28, 2023		$	—		$	—