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Supplemental Cash Flows Information
 12 Months Ended
Apr. 27, 2011
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flows Information
 
8.   Supplemental Cash Flows Information
 
                         
    2011     2010     2009  
    (Dollars in thousands)  
 
Cash Paid During the Year For:
                       
Interest
  $ 268,131     $ 305,332     $ 310,047  
                         
Income taxes
  $ 154,527     $ 138,953     $ 203,298  
                         
Details of Acquisitions:
                       
Fair value of assets
  $ 1,057,870     $ 16,072     $ 478,440  
Liabilities(1)
    274,294       4,644       181,093  
Redeemable noncontrolling interest(2)
    124,669       —       —  
                         
Cash paid
    658,907       11,428       297,347  
Less cash acquired
    40,605       —       3,449  
                         
Net cash paid for acquisitions
  $ 618,302     $ 11,428     $ 293,898  
                         
 
 
(1) Includes contingent obligations to sellers of $44.5 million in 2011.
 
(2) See Note 17 for additional information.
 
During Fiscal 2010, HFC issued $681 million of 30 year notes and paid $217.5 million of cash in exchange for $681 million of its outstanding dealer remarketable securities. The $681 million of notes exchanged was a non-cash transaction and has been excluded from the consolidated statement of cash flows for the year ended April 28, 2010. See Note 7 for additional information.
 
The Company recognized $41.8 million of property, plant and equipment and debt in Fiscal 2010 related to contractual arrangements that contain a lease. These non-cash transactions have been excluded from the consolidated statement of cash flows for the year ended April 28, 2010.
 
In addition, the Company acted as servicer for approximately $146 million and $126 million of trade receivables which were sold to unrelated third parties without recourse as of April 27, 2011 and April 28, 2010, respectively. These trade receivables are short-term in nature. The proceeds from these sales are also recognized on the statements of cash flows as a component of operating activities.
 
The Company has not recorded any servicing assets or liabilities as of April 27, 2011 or April 28, 2010 for the arrangements discussed above because the fair value of these servicing agreements as well as the fees earned were not material to the financial statements.