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Employees' Stock Incentive Plans and Management Incentive Plans (Tables)
 11 Months Ended
Dec. 29, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions
There were no options granted in the Predecessor period April 29, 2013 to June 7, 2013. The weighted average assumptions used to estimate these fair values are as follows:
 
Successor
 
Predecessor
 
February 8 - December 29, 2013
 
April 28,
2013
FY 2013
 
April 29,
2012
FY 2012
 
April 27,
2011
FY 2011
Dividend yield
—
%
 
3.7
%
 
3.7
%
 
3.9
%
Expected volatility
24.3
%
 
19.4
%
 
20.9
%
 
20.5
%
Expected term (years)
5.0

 
7.0

 
5.0

 
5.5

Risk-free interest rate
1.4
%
 
1.0
%
 
1.0
%
 
1.7
%
Stock option activity and related information
A summary of the Company’s stock option activity and related information is as follows:
 
Number of
Options
 
Weighted
Average
Exercise Price
(per share)
 
Aggregate
Intrinsic Value
 
(In thousands, except per share data)
Predecessor
 
 
 
 
 
Options outstanding at April 28, 2010
12,921

 
$
39.36

 
$
508,611

Options granted
1,733

 
46.42

 
80,460

Options exercised
(4,813
)
 
35.73

 
(171,980
)
Options cancelled/forfeited and returned to the plan
(73
)
 
42.81

 
(3,147
)
Options outstanding at April 27, 2011
9,768

 
42.38

 
413,944

Options granted
1,649

 
52.19

 
86,068

Options exercised
(2,798
)
 
37.99

 
(106,287
)
Options cancelled/forfeited and returned to the plan
(11
)
 
38.38

 
(435
)
Options outstanding at April 29, 2012
8,608

 
45.69

 
393,290

Options granted
1,540

 
55.72

 
85,828

Options exercised
(3,504
)
 
42.35

 
(148,376
)
Options cancelled/forfeited and returned to the plan
(110
)
 
50.67

 
(5,616
)
Options outstanding at April 28, 2013
6,534

 
49.76

 
325,126

Options exercised - settled in shares
(25
)
 
34.60

 
(850
)
Options exercised - settled in cash
(6,509
)
 
49.82

 
(324,276
)
Options outstanding at June 7, 2013
—

 
—

 
—

 
 
 
 
 
 
Successor
 
 
 
 
 
Options outstanding at June 8, 2013
—

 
$
—

 
$
—

Options granted
14,300

 
$
10.00

 
$
143,000

Options outstanding at December 29, 2013
14,300

 
$
10.00

 
$
143,000

 
 
 
 
 
 
Options vested and exercisable at April 27, 2011
5,744

 
$
40.65

 
$
233,507

Options vested and exercisable at April 29, 2012
4,418

 
$
43.90

 
$
193,942

Options vested and exercisable at April 28, 2013
2,573

 
$
48.01

 
$
123,502

Options vested and exercisable at June 7, 2013
—

 
$
—

 
$
—

Options vested and exercisable at December 29, 2013
—

 
$
—

 
$
—
Unvested Stock Options
A summary of the status of the Company’s unvested stock options is as follows:
 
Number of
Options
 
Weighted
Average
Grant Date
Fair Value
(per share)
 
(In thousands, except per share data)
Predecessor
 
 
 
Unvested options at April 29, 2012
4,190

 
$
5.43

Options granted
1,540

 
$
5.79

Options vested
(1,662
)
 
$
5.39

Options forfeited
(107
)
 
$
5.61

Unvested options at April 28, 2013
3,961

 
$
5.59

Options vested
(3,961
)
 
$
5.59

Unvested options at June 7, 2013
—

 
$
—

 
 
 
 
Successor
 
 
 
Unvested options at June 8, 2013
—

 
$
—

Options granted
14,300

 
$
2.43

Unvested options at December 29, 2013
14,300

 
$
2.43
Activity Of Unvested Restricted Stock Unit And Restricted Stock Awards
A summary of the activity of unvested RSU and restricted stock awards and related information is as follows:
 
Number of Units
 
Weighted
Average
Grant Date
Fair Value
(Per Share)
 
(In thousands,
except per share data)
Predecessor
 
 
 
Unvested units and stock at April 28, 2010
1,496

 
$
44.13

Units and stock granted
574

 
46.74

Units and stock vested
(725
)
 
44.96

Units and stock cancelled/forfeited and returned to the plan
(49
)
 
43.47

Unvested units and stock at April 27, 2011
1,296

 
44.84

Units and stock granted
526

 
52.31

Units and stock vested
(520
)
 
45.27

Units and stock cancelled/forfeited and returned to the plan
(32
)
 
45.90

Unvested units and stock at April 29, 2012
1,270

 
47.75

Units and stock granted
464

 
55.88

Units and stock vested
(567
)
 
47.33

Units and stock cancelled/forfeited and returned to the plan
(53
)
 
50.01

Unvested units and stock at April 28, 2013
1,114

 
$
51.24

Units and stock vested - settled in shares
(9
)
 
46.37

Units and stock vested - settled in cash
(1,004
)
 
51.05

Units and stock converted to liability awards (RSU retention awards)
(97
)
 
53.69

Units and stock cancelled/forfeited and returned to the plan
(4
)
 
51.35

Unvested units and stock at June 7, 2013
—

 
$
—

 
 
 
 
Long-term Performance Program [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Compensation cost recognized in SG&A
The compensation cost related to LTPP awards primarily recognized in SG&A and the related tax benefit are as follows:
 
Successor
 
Predecessor
 
February 8 - December 29, 2013
 
April 29 - June 7, 2013
 
April 28,
2013
FY 2013
 
April 29,
2012
FY 2012
 
April 27,
2011
FY 2011
 
(In millions)
Pre-tax compensation cost
$
—

 
$
3.8

 
$
17.3

 
$
18.4

 
$
21.5

Tax benefit
—

 
1.3

 
6.1

 
6.5

 
7.4

After-tax compensation cost
$
—

 
$
2.5

 
$
11.2

 
$
11.9

 
$
14.1
Stock Option and Restricted Stock Plans [Member]
  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Compensation cost recognized in SG&A
The compensation cost related to equity plans that were in place in the Predecessor periods primarily recognized in SG&A and Merger related costs, and the related tax benefit, are as follows:
 
Successor
 
Predecessor
 
February 8 - December 29, 2013
 
April 29 - June 7, 2013
 
April 28,
2013
FY 2013
 
April 29,
2012
FY 2012
 
April 27,
2011
FY 2011
 
(In millions)
Pre-tax compensation cost
$
2.6

 
$
26.3

 
$
33.7

 
$
36.5

 
$
32.7

Tax benefit
0.9

 
8.0

 
10.8

 
12.0

 
10.4

After-tax compensation cost
$
1.7

 
$
18.3

 
$
22.9

 
$
24.5

 
$
22.3