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Derivative Financial Instruments
 3 Months Ended
Aug. 02, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
 Derivative Financial Instruments

We utilize derivative financial instruments to manage the economic impact of fluctuations in currency exchange rates on those transactions denominated in currencies other than our functional currency, which is the U.S. dollar.  We enter into currency forward contracts to manage these economic risks.  We account for all derivatives on the balance sheet within other assets or accounts payable measured at fair value, and changes in fair values are recognized in earnings unless specific hedge accounting criteria are met for cash flow or net investment hedges. As of August 2, 2014 and April 26, 2014, we had not designated any of our derivative instruments as accounting hedges, and thus we recorded the changes in fair value in other (expense) income, net.

The foreign currency exchange contracts in aggregated notional amounts in place to exchange United States Dollars at August 2, 2014 and April 26, 2014 were as follows:
 
August 2, 2014
 
April 26, 2014
 
U.S.
Dollars
 
Foreign
Currency
 
U.S.
Dollars
 
Foreign
Currency
Foreign Currency Exchange Forward Contracts:
 
 
 
 
 
 
 
U.S. Dollars/Australian Dollars
670

 
723

 
455

 
512

U.S. Dollars/Canadian Dollars
2,591

 
2,828

 
—

 
—

U.S. Dollars/British Pounds
3,560

 
2,131

 
2,484

 
1,500

U.S. Dollars/Singapore Dollars
1,035

 
1,300

 
1,035

 
1,300

U.S. Dollars/New Zealand Dollars
932

 
1,090

 
—

 
—

U.S. Dollars/Euros
1,011

 
755

 
1,314

 
973



As of August 2, 2014 and April 26, 2014, there was a net liability of $19 and $85, respectively, representing the fair value of foreign currency exchange forward contracts, which was determined using Level 2 inputs from a third-party bank.