Fair Value Measurements (Tables)

6 Months Ended

Oct. 29, 2016

Fair Value Measurements

Fair value hierarchy for assets measured at fair value on a recurring basis

At October 29, 2016	Fair Value Measurements
(Unaudited, amounts in thousands)	Level 1(a)		Level 2(a)		Level 3(b)
Assets
Available-for-sale investments	$	1,003	$	33,908	$	750
Trading securities	—		434		—
Held-to-maturity investments	1,816		—		—
Cost basis investment	—		—		5,500
Total assets	$	2,819	$	34,342	$	6,250
Liabilities
Contingent consideration liability	$	—	$	—	$	2,755

(a) There were no transfers between Level 1 and Level 2 during fiscal 2017.

(b) There were no transfers into or out of Level 3 during fiscal 2017.

At April 30, 2016	Fair Value Measurements
(Unaudited, amounts in thousands)	Level 1(c)		Level 2(c)		Level 3(d)
Assets
Available-for-sale investments	$	1,177	$	36,802	$	—
Held-to-maturity investments	1,826		—		—
Total	$	3,003	$	36,802	$	—

(c) There were no transfers between Level 1 and Level 2 during fiscal 2016.

(d) There were no transfers into or out of Level 3 during fiscal 2016.

Reconciliation of Level 3 assets recorded at fair value using significant unobservable inputs

(Unaudited, amounts in thousands)	Level 3
Assets
Balance at April 30, 2016	$	—
Purchases	6,250
Balance at October 29, 2016	$	6,250

Reconciliation of Level 3 liabilities recorded at fair value using significant unobservable inputs

(Unaudited, amounts in thousands)	Level 3
Liabilities
Balance at April 30, 2016	$	—
Acquisitions	2,825
Translation adjustment	(70		)
Balance at October 29, 2016	$	2,755