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Fair Value Measurements (Tables)

12 Months Ended

Apr. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy

The following table presents the fair value hierarchy for those assets and liabilities we measured at fair value on a recurring basis at April 30, 2022 and April 24, 2021. There were no transfers into or out of Level 1, Level 2, or Level 3 for any of the periods presented.

At April 30, 2022
						Fair Value Measurements
(Amounts in thousands)						Level 1						Level 2						Level 3						NAV(1)						Total
Assets
Marketable securities						$	—					$	33,578					$	2,500					$	6,543					$	42,621
Held-to-maturity investments						1,337						—						—						—						1,337
Cost basis investments						—						—						7,579						—						7,579
Total assets						$	1,337					$	33,578					$	10,079					$	6,543					$	51,537
Liabilities
Contingent consideration liability						$	—					$	—					$	800					$	—					$	800

At April 24, 2021
						Fair Value Measurements
(Amounts in thousands)						Level 1						Level 2						Level 3						NAV(1)						Total
Assets
Marketable securities						$	119					$	37,572					$	—					$	7,602					$	45,293
Held-to-maturity investments						2,532						—						—						—						2,532
Cost basis investment						—						—						7,579						—						7,579
Total assets						$	2,651					$	37,572					$	7,579					$	7,602					$	55,404
Liabilities
Contingent consideration liability						$	—					$	—					$	14,100					$	—					$	14,100

(1)Certain marketable securities investments are measured at fair value using net asset value per share under the practical expedient methodology.

Reconciliation of Level 3 Assets

The following table is a reconciliation of our Level 3 assets and liabilities recorded at fair value using significant unobservable inputs:

(Amounts in thousands)						Assets						Liabilities
Balance at April 25, 2020						$	6,479					$	—
Purchases						1,100						—
Fair value adjustment						—						14,100
Balance at April 24, 2021						7,579						14,100
Purchases						2,500						—
Settlements						—						(10,000)
Fair value adjustment						—						(3,300)
Balance at April 30, 2022						$	10,079					$	800

Reconciliation of Level 3 Liabilities

The following table is a reconciliation of our Level 3 assets and liabilities recorded at fair value using significant unobservable inputs:

(Amounts in thousands)						Assets						Liabilities
Balance at April 25, 2020						$	6,479					$	—
Purchases						1,100						—
Fair value adjustment						—						14,100
Balance at April 24, 2021						7,579						14,100
Purchases						2,500						—
Settlements						—						(10,000)
Fair value adjustment						—						(3,300)
Balance at April 30, 2022						$	10,079					$	800

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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