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FAIR VALUE MEASUREMENTS
 12 Months Ended
Apr. 28, 2012
FAIR VALUE MEASUREMENTS [Abstract]  
Fair Value Disclosures [Text Block]
Fair Value Measurements
 
Accounting standards define fair value based on an exit price model, establish a framework for measuring fair value where our assets and liabilities are required to be carried at fair values and provide for certain disclosures related to the valuation methods used within a valuation hierarchy as established by the accounting standards.  The hierarchy prioritizes the inputs into three broad levels as follows:
 
•
Level 1 — Quoted prices in active markets for identical assets and liabilities.

•
Level 2 — Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

•
Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities.  This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.
 
Below is a table that summarizes the fair value of assets and liabilities as of April 28, 2012:

 
Fair Value Measurement Used
 
Recorded
Value
 
Quoted prices in active
markets for
identical
instruments
(Level 1)
 
Quoted prices in active
markets for
similar
instruments
(Level 2)
 
Other
unobservable
inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents (1)
$
86,797

 
$
86,797

 
$
—

 
$
—

Assets related to deferred compensation plan
3,965

 
3,965

 
—

 
—

Total assets at fair value
$
90,762

 
$
90,762

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Liabilities:
 

 
 

 
 

 
 

Liabilities related to deferred compensation plan
$
2,798

 
$
2,798

 
$
—

 
$
—

Total liabilities at fair value
$
2,798

 
$
2,798

 
$
—

 
$
—

 ______________________________________
(1) Includes cash, money-market investments and certificates of deposit.

Below is a table that summarizes the fair value of assets and liabilities as of April 30, 2011:

 
Fair Value Measurement Used
 
Recorded
Value
 
Quoted prices in active
markets for
identical
instruments
(Level 1)
 
Quoted prices in active
markets for
similar
instruments
(Level 2)
 
Other
unobservable
inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents (1)
$
57,445

 
$
57,445

 
$
—

 
$
—

Assets related to deferred compensation plan
4,051

 
4,051

 
—

 
—

Total assets at fair value
$
61,496

 
$
61,496

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Liabilities:
 

 
 

 
 

 
 

Liabilities related to deferred compensation plan
$
3,085

 
$
3,085

 
$
—

 
$
—

Total liabilities at fair value
$
3,085

 
$
3,085

 
$
—

 
$
—

 ______________________________________
(1) Includes cash, money-market investments and certificates of deposit.