Fair Value Measurements (Tables)

12 Months Ended

Apr. 29, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy

The following table presents the fair value hierarchy for those assets and liabilities we measured at fair value on a recurring basis at April 29, 2023 and April 30, 2022. There were no transfers into or out of Level 1, Level 2, or Level 3 for any of the periods presented.

At April 29, 2023
	Fair Value Measurements
(Amounts in thousands)	Level 1		Level 2		Level 3		NAV (1)		Total
Assets
Marketable securities	$	—	$	16,557	$	—	$	6,995	$	23,552
Held-to-maturity investments	1,351		—		—		—		1,351
Total assets	$	1,351	$	16,557	$	—	$	6,995	$	24,903

At April 30, 2022
	Fair Value Measurements
(Amounts in thousands)	Level 1		Level 2		Level 3		NAV (1)		Total
Assets
Marketable securities	$	—	$	33,578	$	2,500	$	6,543	$	42,621
Held-to-maturity investments	1,337		—		—		—		1,337
Cost basis investment	—		—		7,579		—		7,579
Total assets	$	1,337	$	33,578	$	10,079	$	6,543	$	51,537
Liabilities
Contingent consideration liability	$	—	$	—	$	800	$	—	$	800

(1)Certain marketable securities investments are measured at fair value using net asset value per share under the practical expedient methodology.

Reconciliation of Level 3 Assets

The following table is a reconciliation of our Level 3 assets and liabilities recorded at fair value using significant unobservable inputs:

(Amounts in thousands)	Assets		Liabilities
Balance at April 24, 2021	$	7,579	$	14,100
Purchases	2,500		—
Settlements	—		(10,000)
Fair value adjustment	—		(3,300)
Balance at April 30, 2022	10,079		800
Purchases	237		—
Impairment	(10,316)		—
Fair value adjustment	—		(800)
Balance at April 29, 2023	$	—	$	—

Reconciliation of Level 3 Liabilities

The following table is a reconciliation of our Level 3 assets and liabilities recorded at fair value using significant unobservable inputs:

(Amounts in thousands)	Assets		Liabilities
Balance at April 24, 2021	$	7,579	$	14,100
Purchases	2,500		—
Settlements	—		(10,000)
Fair value adjustment	—		(3,300)
Balance at April 30, 2022	10,079		800
Purchases	237		—
Impairment	(10,316)		—
Fair value adjustment	—		(800)
Balance at April 29, 2023	$	—	$	—