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Assets Held for Sale
9 Months Ended
Jan. 27, 2019
Text Block [Abstract]  
Assets Held for Sale

Note 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 its 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 of the property, plant, and equipment that were classified as held for sale and recorded a corresponding gain on sale totaling $1.5 million.

As of January 27, 2019, we had no assets held for sale associated with the exit and disposal activity noted above.