Fair Value Measurements (Tables)

6 Months Ended

Oct. 27, 2013

Fair value assets and liabilities measured on recurring basis

As of October 27, 2013 and April 28, 2013, the fair values of the Company’s assets and liabilities measured on a recurring basis are categorized as follows:



	Successor								Predecessor
	October 27, 2013									April 28, 2013
	Level 1		Level 2		Level 3		Total			Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Derivatives(a)	$	—	$	182,826	$	—	$	182,826		$	—	$	68,892	$	—	$	68,892
Total assets at fair value	$	—	$	182,826	$	—	$	182,826		$	—	$	68,892	$	—	$	68,892
Liabilities:
Derivatives(a)	$	—	$	202,834	$	—	$	202,834		$	—	$	79,871	$	—	$	79,871
Total liabilities at fair value	$	—	$	202,834	$	—	$	202,834		$	—	$	79,871	$	—	$	79,871

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(a)

Foreign currency derivative contracts are valued based on observable market spot and forward rates and classified within Level 2 of the fair value hierarchy. Interest rate swaps are valued based on observable market swap rates and classified within Level 2 of the fair value hierarchy. Cross-currency interest rate swaps are valued based on observable market spot and swap rates and classified within Level 2 of the fair value hierarchy. Cross-currency swaps are valued based on observable market spot and swap rates and classified within Level 2 of the fair value hierarchy. The total rate of return swap is valued based on observable market swap rates and the Company's credit spread, and is classified within Level 2 of the fair value hierarchy.