v3.22.2.2
Derivative Financial Instruments (Tables)
 6 Months Ended
Oct. 29, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Instruments Included in Condensed Consolidated Balance Sheets The following presents the fair value of derivative instruments included in the condensed consolidated balance sheets:
Derivative typeClassificationOctober 29, 2022April 30, 2022
Assets:
Interest rate contractsPrepaid expenses and other current assets$7,863 $3,875 
Interest rate contractsOther non-current assets, net33,512 19,871 
Total asset derivatives$41,375 $23,746 
Liabilities:
Interest rate contractsOther accrued liabilities$199 $250 
Interest rate contractsOther non-current liabilities17,351 10,013 
Total liability derivatives$17,550 $10,263 
Effect of Derivative instruments in Cash Flow Hedging Relationship on Condensed Consolidated Statements of Income and Other Comprehensive Income (OCI)
The following tables present the pre-tax effect of derivative instruments on the condensed consolidated statements of operations and other comprehensive income:
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)
Three Months Ended Six Months Ended
Derivatives in cash flow hedging relationshipsStatements of operations locationOctober 29, 2022October 30, 2021October 29, 2022October 30, 2021
Interest rate contractsInterest expense$(341)$(341)$(682)$(682)
Amount of Gain (Loss) Recognized in Income on Derivatives
Three Months Ended Six Months Ended
Derivatives not designated as hedging instrumentsStatements of operations locationOctober 29, 2022October 30, 2021October 29, 2022October 30, 2021
Interest rate contractsOther income, net$13,072 $3,304 $11,124 $2,117