NEW ACCOUNTING GUIDANCE

12 Months Ended

May 01, 2011

Notes to Consolidated Financial Statements [Abstract]

NEW ACCOUNTING GUIDANCE

NOTE 2:    NEW ACCOUNTING GUIDANCE

In June 2009 and December 2009, the FASB issued guidance requiring an analysis to determine whether a variable interest gives the entity a controlling financial interest in a variable interest entity. This guidance requires an ongoing assessment and eliminates the quantitative approach previously required for determining whether an entity is the primary beneficiary. This guidance was effective for fiscal years beginning after November 15, 2009. We adopted the new guidance in the first quarter of fiscal 2011 and determined that it had no impact on our consolidated financial statements.