XML 128 R103.htm IDEA: XBRL DOCUMENT v3.20.2
Income Taxes - Summary of Change in Valuation Allowances Against Deferred Income Taxes (Detail) - USD ($)
$ in Thousands
 12 Months Ended
May 03, 2020
Apr. 28, 2019
Apr. 29, 2018
Income Tax Disclosure [Abstract]      
beginning balance $ 748 $ 5,204 $ 536
Write-off of deferred income taxes [1]   (4,544)  
establishment of valuation allowance 2,281 [2]   4,550 [1]
change in estimate [3] 119 88 118
ending balance $ 3,148 $ 748 $ 5,204
[1] During fiscal 2018, we recorded an income tax charge of $4.6 million for the establishment of a valuation allowance associated with U.S. foreign tax credits that we believed were not more-likely-than not to be realized based on the provisions outlined in TCJA. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance.
[2] In connection with the sale of a discontinued operation that was treated as a partnership for income tax purposes, we generated a capital loss carryforward totaling $10.9 million with a related future income tax benefit of $2.3 million. Since capital losses can only be offset by capital gains, we established a full valuation allowance on this capital loss carryforward as we do not have capital assets that would generate capital gains that would utilize this carryforward.
[3] Amounts pertain to a change in estimate of the recoverability of certain U.S. state loss carryforward balances as of the end of the respective prior fiscal year.