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ASSETS HELD FOR SALE
12 Months Ended
Apr. 28, 2019
Text Block [Abstract]  
ASSETS HELD FOR SALE
12.
ASSETS HELD FOR SALE
In connection with our exit and disposal activity noted above, property, plant, and equipment with a carrying value totaling $393,000 were classified as held for sale during our second quarter of fiscal 2019. We determined that the fair value of the property, plant, and equipment exceeded their carrying value and therefore, no impairment was recorded.
During the second and third quarters of fiscal 2019, we received cash proceeds totaling $1.9 million for all property, plant, and equipment that were classified as held for sale and recorded a corresponding gain on sale totaling $1.5 million.
As of April 28, 2019, there were no assets held for sale associated with the exit and disposal activity noted above.