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Note 2 - Investments in Affiliates
6 Months Ended
Oct. 30, 2021
Notes to Financial Statements  
Investment [Text Block]

Note 2. Investments in Affiliates

 

The aggregate amount of our investments in affiliates accounted for under the equity method was $18,322 and $19,887 at October 30, 2021 and May 1, 2021, respectively. Our proportional share of the respective affiliates' earnings or losses is included in the "Other (expense) income, net" line item in our condensed consolidated statements of operations. For the three and six months ended October 30, 2021, our share of the losses of our affiliates was $819 and $1,565 as compared to $616 and $1,145 for the three and six months ended October 31, 2020. We purchased services for research and development activities from our equity method investments. The total of these related party transactions was $898 for the six months ended October 30, 2021, which is included in the "Product design and development" line item in our condensed consolidated statement of operations, and $584 of this remains unpaid and is included in the "Accounts payable " line item in our condensed consolidated balance sheet. The total of these related party transactions was $560 for the six months ended October 31, 2020. During the second quarter of fiscal 2022, we loaned an investment in affiliate $5,000, which is evidenced by a convertible note, which is included in the "Long-term receivables, less current maturities" line item in our condensed consolidated balance sheet.