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Fair Value Measurements (Tables) | 12 Months Ended
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Apr. 29, 2023
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 29, 2023 and April 30, 2022. There were no transfers into or out of Level 1, Level 2, or Level 3 for any of the periods presented.
At April 29, 2023 |  |  |  |  |  |  |  |  |  |
|  | Fair Value Measurements
(Amounts in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | NAV (1) |  | Total
Assets |  |  |  |  |  |  |  |  |  |
Marketable securities |  | $ | — |  |  | $ | 16,557 |  |  | $ | — |  |  | $ | 6,995 |  |  | $ | 23,552 |
Held-to-maturity investments |  | 1,351 |  |  | — |  |  | — |  |  | — |  |  | 1,351 |
Total assets |  | $ | 1,351 |  |  | $ | 16,557 |  |  | $ | — |  |  | $ | 6,995 |  |  | $ | 24,903 |
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 investment |  | — |  |  | — |  |  | 7,579 |  |  | — |  |  | 7,579 |
Total assets |  | $ | 1,337 |  |  | $ | 33,578 |  |  | $ | 10,079 |  |  | $ | 6,543 |  |  | $ | 51,537 |
Liabilities |  |  |  |  |  |  |  |  |  |
Contingent consideration liability |  | $ | — |  |  | $ | — |  |  | $ | 800 |  |  | $ | — |  |  | $ | 800 |
(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 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 |
Purchases |  | 237 |  |  | — |
Impairment |  | (10,316) |  |  | — |
Fair value adjustment |  | — |  |  | (800) |
Balance at April 29, 2023 |  | $ | — |  |  | $ | — |
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 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 |
Purchases |  | 237 |  |  | — |
Impairment |  | (10,316) |  |  | — |
Fair value adjustment |  | — |  |  | (800) |
Balance at April 29, 2023 |  | $ | — |  |  | $ | — |

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
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- Definition 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 -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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