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Comprehensive Income
 3 Months Ended
Jul. 30, 2011
Comprehensive Income [Abstract]  
Comprehensive Income
Note 7. Comprehensive Income

We follow the provisions of ASC 220, Reporting Comprehensive Income, which establishes standards for reporting and displaying comprehensive income and its components. Comprehensive income reflects the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. For us, comprehensive income represents net income adjusted for foreign currency translation adjustments, net gains and losses on derivative instruments and unrealized gains and losses on available-for-sale securities. The foreign currency translation adjustment included in comprehensive income has not been tax affected, as the investments in foreign affiliates are deemed to be permanent. In accordance with ASC 220, we have chosen to disclose comprehensive income in the consolidated statement of shareholders’ equity on an annual basis.

A summary of comprehensive income is as follows:

 
Three Months Ended
 
 
July 30,
 
July 31,
 
 
2011
 
2010
 
Net income
$3,368 $2,442 
Net foreign currency translation adjustment
 38  (7)
Unrealized gain on available for sale securities, net of income taxes
 53  - 
    Total comprehensive income
$3,459 $2,435