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Income Taxes (Tables)

12 Months Ended

Apr. 27, 2013

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities were as follows: 

	April 27, 2013				April 28, 2012
Deferred tax liabilities:
Accelerated tax depreciation	$	4,161			$	2,664
Unremitted earnings	751				9,539
Deferred income	1,130				1,212
	6,042				13,415
Deferred tax assets:
Deferred compensation and stock award amortization	6,096				4,472
Inventory valuation differences	1,877				1,488
Property valuation differences	790				5,282
Accelerated book amortization	12,714				15,112
Environmental reserves	1,132				1,152
Bad debt reserves	243				591
Vacation accruals	986				963
Restructuring accruals	—				—
Foreign investment tax credit	21,469				24,303
Net operating loss carryovers	11,802				24,520
Foreign tax credits	7,661				1,393
Other accruals	1,160				888
	65,930				80,164
Less valuation allowance	42,436				57,279
Total deferred tax assets	23,494				22,885
Net deferred tax assets	$	17,452			$	9,470
Balance sheet classification:
Current asset	$	3,313			$	3,529
Non-current asset	14,767				15,072
Current liability	(628		)		(9,131		)
	$	17,452			$	9,470

Schedule of Income before Income Tax, Domestic and Foreign

Components of income/(loss) before income taxes are as follows:

	Fiscal Year Ended
	April 27, 2013				April 28, 2012				April 30, 2011
Domestic source	$	(1,221	)		$	(32,418	)		$	(20,658	)
Foreign source	39,172				43,791				35,120
Income/(loss) before income tax	$	37,951			$	11,373			$	14,462

Schedule of Components of Income Tax Expense (Benefit)

Income taxes from continuing operations consisted of the following: 

	Fiscal Year Ended
	April 27, 2013				April 28, 2012				April 30, 2011
Current
Federal	$	7			$	36			$	(2,703	)
Foreign	4,597				5,672				4,179
State	109				(533		)		(345		)
Subtotal	4,713				5,175				1,131
Deferred
Federal and state	—				119				(3,198		)
Foreign	(7,206		)		(2,058		)		(2,009		)
Subtotal	(7,206		)		(1,939		)		(5,207		)
Total income tax/(benefit)	$	(2,493	)		$	3,236			$	(4,076	)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the consolidated provisions for income taxes from continuing operations to amounts determined by applying the prevailing statutory federal income tax rate to pre-tax earnings is as follows:

	Fiscal Year Ended
	April 27, 2013							April 28, 2012							April 30, 2011
Income tax at statutory rate	$	13,283			35.0	%		$	4,067			35.0	%		$	5,169			35.0	%
Effect of:
State income taxes, net of federal benefit	98				0.3	%		29				0.3	%		84				0.6	%
Foreign operations with lower statutory rates	(11,414		)		(30.1	)%		(10,955		)		(94.3	)%		(10,640		)		(72.1	)%
Foreign losses with no tax benefit	1,897				5.0	%		845				7.3	%		289				2.0	%
Foreign investment tax credit (FTC)	(7,519		)		(19.8	)%		(791		)		(6.8	)%		(1,276		)		(8.6	)%
Change in tax contingency reserve	(20		)		(0.1	)%		(251		)		(2.2	)%		(2,716		)		(18.4	)%
Goodwill impairment	1,514				4.0	%		—				—	%		—				—	%
Change in permanent reinvestment assertion	—				—	%		9,613				82.7	%		—				—	%
Change in valuation allowance	(1,234		)		(3.3	)%		392				3.4	%		5,613				38.0	%
Other, net	902				2.4	%		287				2.5	%		(599		)		(4.1	)%
Income tax provision	$	(2,493	)		(6.6	)%		$	3,236			27.9	%		$	(4,076	)		(27.6	)%

Schedule of Income Tax Expense (Benefit), Continuing and Discontinued Operations

Income tax provision (benefit) allocated to continuing operations and discontinued operations were as follows for the years ended:

	Fiscal Year
	2013				2012				2011
Continuing operations	$	(2,493	)		$	3,236			$	(4,076	)
Discontinued operations	—				—				3,493
Total tax provision	$	(2,493	)		$	3,236			$	(583	)

Schedule of Unrecognized Tax Benefits Rollforward

The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits:

Balance at April 28, 2012	$	66
Increases for positions related to the prior years	263
Increases for positions related to the current year	100
Decreases for positions related to the prior years	—
Lapsing of statutes of limitations	(36		)
Balance at April 27, 2013	$	393

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