XML 85 R45.htm IDEA: XBRL DOCUMENT
v3.20.1

Income Taxes (Tables) | 9 Months Ended
--- | ---
Feb. 02, 2020
Income Tax Disclosure [Abstract] |
Summary of Differences in Income Tax Expense at Federal Income Tax Rate and Effective Income Tax Rate | The following schedule summarizes the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements:
|  | 2020 |  |  | 2019 |
U.S. federal income tax rate |  |  | 21.0 | % |  |  | 21.0 | %
Global Intangible Low Taxed Income Tax (GILTI) |  | 58.2 |  |  |  | 2.6 |
Foreign income tax rate differential |  |  | 35.7 |  |  |  | 10.1 |
Non-controlling interest income attributable to a consolidated partnership |  |  | 21.0 |  |  |  | - |
Tax effects of Chinese foreign exchange gains |  |  | 4.4 |  |  |  | 1.4 |
Change in estimate of U.S. valuation allowance |  | 2.5 |  |  |  | 1.0 |
Stock-based compensation |  |  | 1.2 |  |  |  | 0.7 |
Tax effects of the 2017 Tax Cuts and Jobs Act |  |  | - |  |  |  | (5.7 | )
Other |  |  | (1.2 | ) |  |  | 1.4 |
|  |  | 142.8 | % |  |  | 32.5 | %
Summary of Valuation Allowances Against Deferred Income Taxes | Based on our assessments at February 2, 2020, January 27, 2019, and April 28, 2019, valuation allowances against our deferred income taxes pertain to the following jurisdictions:
(dollars in thousands) |  | February 2, 2020 |  |  | January 27, 2019 |  |  | April 28, 2019 |
U.S. state loss carryforwards and credits |  | $ | 711 |  |  |  | 903 |  |  |  | 666 |
U.S. foreign income tax credits |  |  | — |  |  |  | 4,550 |  |  |  | 82 |
|  | $ | 711 |  |  |  | 5,453 |  |  |  | 748 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration