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Derivatives | 3 Months Ended
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Jul. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives | 14. Derivatives During the fourth quarter of fiscal 2018, we entered into a EURO foreign exchange contract to mitigate the risk of foreign exchange rate fluctuations associated with certain capital expenditures. The contract effectively converts our EURO capital expenditures at a fixed EURO foreign exchange rate compared with the United States dollar of 1.263 and is due to expire in August 2018. In accordance with the provisions of ASC Topic 815, Derivatives and Hedging, our EURO foreign exchange contract was designated as a cash flow hedge, with the fair value of these financial instruments recorded in accrued expenses and changes in fair value recorded in accumulated other comprehensive income (loss). ASC Topic 815 requires disclosure of gains and losses on derivative instruments in the following tabular format.
|  | (Amounts in Thousands) Fair Values of Derivative Instruments |
|  | July 29, 2018 |  |  | April 29, 2018 |
Derivatives designated as hedging instruments under ASC Topic 815 |  | Balance Sheet Location |  |  | Fair Value |  |  | Balance Sheet Location |  |  | Fair Value |
Euro Foreign Exchange Contract |  |  | Accrued Expenses |  |  | $ | 40 |  |  |  | Accrued Expenses |  |  | $ | 55 |
At July 30, 2017, we did not have any derivatives designated as hedging instruments under ASC Topic 815.
Derivatives in ASC Topic 815 Net Investment Hedging Relationships |  | Amt of Gain (Loss) (net of tax) Recognized in OCI on Derivative (Effective Portion) and recorded in Accrued Expenses at Fair Value |  |  | Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) |  |  | Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) |  |  | Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) |  |  | Amount of Gain (loss) (net of tax) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) |
|  | Three Months Ended July 29, 2018 |  |  | Three Months Ended July 30, 2017 |  |  |  |  |  | Three Months Ended July 29, 2018 |  |  | Three Months Ended July 30, 2017 |  |  |  |  |  | Three Months Ended July 29, 2018 |  |  | Three Months Ended July 30, 2017 |
EURO Foreign Exchange Contract |  | $ | 15 |  |  | $ | — |  |  |  | Other Exp |  |  | $ | (40 | ) |  | $ | — |  |  |  | Other Exp |  |  | $ | — |  |  | $ | — |

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- References No definition available. + Details
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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