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Derivative Financial Instruments
 12 Months Ended
May. 02, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
Note 16. 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 accounts receivable 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 May 2, 2015 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 May 2, 2015 and April 26, 2014 were as follows:
 
May 2, 2015
 
April 26, 2014
 
U.S.
Dollars
 
Foreign
Currency
 
U.S.
Dollars
 
Foreign
Currency
Foreign Currency Exchange Forward Contracts:
 
 
 
 
 
 
 
U.S. Dollars/Australian Dollars
1,487

 
1,918

 
455

 
512

U.S. Dollars/Canadian Dollars
4,129

 
4,923

 
—

 
—

U.S. Dollars/British Pounds
1,679

 
1,123

 
2,484

 
1,500

U.S. Dollars/Singapore Dollars
1,176

 
1,601

 
1,035

 
1,300

U.S. Dollars/Euros
(229
)
 
174

 
1,314

 
973

U.S. Dollars/Swiss Franc
5,662

 
5,500

 
—

 
—

U.S. Dollars/Japanese Yen
764

 
91,282

 
—

 
—



As of May 2, 2015 and April 26, 2014, there was a net liability of $283 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.