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Derivative Financial Instruments
 9 Months Ended
Jan. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
Note 13. 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 January 31, 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 income (expense), net.

The foreign currency exchange contracts in aggregated notional amounts in place to exchange United States Dollars at January 31, 2015 and April 26, 2014 were as follows:
 
January 31, 2015
 
April 26, 2014
 
U.S. Dollars
 
Foreign
Currency
 
U.S.
Dollars
 
Foreign
Currency
Foreign Currency Exchange Forward Contracts:
 
 
 
 
 
 
 
U.S. Dollars/Australian Dollars
1,805

 
2,241

 
455

 
512

U.S. Dollars/Japanese Yen
773

 
91,281

 
—

 
—

U.S. Dollars/Canadian Dollars
3,888

 
4,399

 
—

 
—

U.S. Dollars/British Pounds
809

 
507

 
2,484

 
1,500

U.S. Dollars/Singapore Dollars
1,193

 
1,601

 
1,035

 
1,300

U.S. Dollars/New Zealand Dollars
597

 
804

 
—

 
—

U.S. Dollars/Euros
2,219

 
1,904

 
1,314

 
973



As of January 31, 2015 and April 26, 2014, there was a net asset and liability of $643 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.