Fair Value Measurements (Tables)

3 Months Ended

Jul. 27, 2013

Schedule of assets measured at fair value on recurring basis

The following table presents the fair value hierarchy for those assets measured at fair value on a recurring basis at July 27, 2013, and April 27, 2013:

As of July 27, 2013	Fair Value Measurements
(Unaudited, amounts in thousands)	Level 1(a)		Level 2(a)		Level 3
Assets
Available-for-sale securities	$	2,921	$	35,032	$	—
Trading securities		—		1,983		—
Total	$	2,921	$	37,015	$	—

(a)

There were no transfers between Level 1 and Level 2 during fiscal 2014.

As of April 27, 2013	Fair Value Measurements
(Unaudited, amounts in thousands)	Level 1(b)		Level 2(b)		Level 3
Assets
Available-for-sale securities	$	1,217	$	38,747	$	—
Trading securities		—		1,126		—
Total	$	1,217	$	39,873	$	—

(b)

There were no transfers between Level 1 and Level 2 during fiscal 2013.

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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