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Stock-Based Compensation Stock-Based Compensation (Notes)
 9 Months Ended
Jan. 25, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
Note 12. Stock-Based Compensation
We recognize compensation expense for awards ratably over the requisite service period of the award, which is generally three years. We recognize compensation expense based on the number of awards expected to vest using an estimated average forfeiture rate. We calculate the fair value of stock-based awards based on the closing price on the date the award was granted for those awards with only service or performance conditions. For those awards with market conditions, we have determined the grant date fair value using the Monte Carlo simulation model.
During the 39 weeks ended January 25, 2020, we granted the following awards under the Equity Incentive Plan:
•
190,480 restricted stock units ("RSU") awards and 38,096 restricted stock ("RS") awards with a one-year vesting period to the current Board of Directors ("BOD") members for annual compensation.
•
709,517 performance share unit ("PSU") awards to employees that will vest based upon the achievement of pre-established performance goals related to absolute total shareholder returns ("TSR") determined by the Company's common stock price and Company Adjusted EBITDA measured over a two-year performance period (Fiscal 2020 - Fiscal 2021) with one additional year of time-based vesting. The number of PSU awards that will vest range from 0%-150% of the target award based on actual performance.
•
1,350,674 RSU awards to employees with a three-year vesting period.
We recognized stock-based compensation expense for equity-based awards in selling and administrative expenses as follows:
 
13 weeks ended
 
39 weeks ended
 
January 25,
2020
 
January 26,
2019
 
January 25,
2020
 
January 26,
2019
Restricted stock expense
$
30

 
$
30

 
$
90

 
$
80

Restricted stock units expense
1,515

 
1,860

 
5,227

 
6,010

Performance shares expense  
—

 
(72
)
 
12

 
42

Performance share units expense
274

 
60

 
671

 
719

Stock-based compensation expense
$
1,819

 
$
1,878

 
$
6,000

 
$
6,851



Total unrecognized compensation cost related to unvested awards as of January 25, 2020 was $10,103 and is expected to be recognized over a weighted-average period of 1.8 years. Approximately $1,821 of the unrecognized compensation cost is related to performance shares and performance share units, which is subject to attaining the stated performance metrics.