Goodwill

3 Months Ended

Jul. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill related to each reportable segment for the three months ended July 30, 2022 were as follows:


	Live Events		Commercial		Transportation		International		Total
Balance as of April 30, 2022	$	2,296	$	3,349	$	68	$	2,214	$	7,927
Foreign currency translation	—		—		—		(70)		(70)
Balance as of July 30, 2022	$	2,296	$	3,349	$	68	$	2,144	$	7,857

We perform an analysis of goodwill on an annual basis and test for impairment more frequently if events or changes in circumstances indicate that an asset might be impaired. Our annual analysis is performed during our third quarter of each fiscal year based on the goodwill amount as of the first business day of our third fiscal quarter. We performed our annual impairment test on October 31, 2021 and concluded no goodwill impairment existed. Our market capitalization has decreased since the completion of the October 31, 2021 evaluation which caused a trigger analysis to test goodwill impairment due to supply chain and labor supply uncertainty. After evaluating our results, events and circumstances, we determined no goodwill impairment was necessary.