Recent Accounting Pronouncements

6 Months Ended

Oct. 27, 2012

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

Note 13: Recent Accounting Pronouncements

In June 2012, the Financial Accounting Standards Board ("FASB") issued accounting guidance related to testing indefinite-lived assets for impairment.  The guidance allows companies, at their option, to perform a qualitative assessment of indefinite-lived assets to determine if it is more likely than not that the fair value of the asset exceeds its carrying value.  If analysis of the qualitative factors results in the fair value of the indefinite-lived asset exceeding the carrying value, then performing the quantitative assessment is not required.  This guidance will be effective for our fiscal year 2014 and is not currently expected to have a material impact on our consolidated financial statements.