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Income Taxes (Tables) | 6 Months Ended
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Oct. 31, 2021
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 for the six-month periods ending October 31, 2021, and November 1, 2020:
|  | October 31, |  |  | November 1, |
|  | 2021 |  |  | 2020 |
U.S. federal income tax rate |  |  | 21.0 | % |  |  | 21.0 | %
U.S. valuation allowance |  |  | (4.5 | ) |  |  | 141.6 |
U.S. income tax law change |  |  | — |  |  |  | (65.1 | )
Withholding taxes associated with foreign jurisdictions |  |  | 6.1 |  |  |  | 8.4 |
Foreign income tax rate differential |  |  | 3.9 |  |  |  | 6.6 |
Global Intangible Low Taxed Income Tax ("GILTI") |  |  | 3.3 |  |  |  | — |
Tax effects of deductible foreign exchange rate losses |  |  | (0.4 | ) |  |  | (4.0 | )
Other |  |  | 0.9 |  |  |  | 1.0 |
|  |  | 30.3 | % |  |  | 109.5 | %
Summary of Valuation Allowances Against Net Deferred Income Taxes | Based on our assessments as of October 31, 2021, November 1, 2020, and May 2, 2021, valuation allowances against our U.S. net deferred income taxes pertain to the following:
(dollars in thousands) |  | October 31, 2021 |  |  | November 1, 2020 |  |  | May 2, 2021 |
U.S. federal and state net deferred income tax assets |  | $ | 9,155 |  |  |  | 8,543 |  |  |  | 9,344 |
U.S. capital loss carryforward |  |  | 2,330 |  |  |  | 2,281 |  |  |  | 2,330 |
|  | $ | 11,485 |  |  |  | 10,824 |  |  |  | 11,674 |
Summary of Taxes Paid (Refunded) | The following table sets forth taxes paid (refunded) by jurisdiction:
|  | Six Months Ended |
(dollars in thousands) |  | October 31, 2021 |  |  | November 1, 2020 |
United States Federal - Alternative Minimum Tax (AMT) credit refunds (1) |  | $ | — |  |  | $ | (1,509 | )
United States Transition Tax Payment |  |  | 266 |  |  |  | 227 |
China - Income Taxes |  |  | 921 |  |  |  | 349 |
China - Withholding Taxes Associated with Earnings and Profits Distribution to U.S. Parent |  |  | 487 |  |  |  | — |
Canada - Income Taxes |  |  | 427 |  |  |  | 377 |
|  | $ | 2,101 |  |  | $ | (556 | )
(1) | In accordance with the provisions of the TCJA, we elected to treat our prior AMT credit carryforward balance of $1.5 million as refundable. We received our $1.5 million refundable balance in two separate installments totaling $746,000 and $764,000 during the first and second quarters of fiscal 2021, respectively.

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- 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=121826272&loc=d3e32687-109319 + Details
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- 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=121826272&loc=d3e32537-109319 + Details
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