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Stock-Based Compensation (Tables)
12 Months Ended
Apr. 29, 2017
Stock-Based Compensation  
Summary of total stock-based compensation expense

 

                                                                                                                                                                                    

(Amounts in thousands)

 

4/29/2017

 

4/30/2016

 

4/25/2015

 

Equity-based awards expense

 

$

8,864

 

$

8,292

 

$

6,780

 

Liability-based awards expense

 

 

1,687

 

 

1,355

 

 

4,597

 

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​  

​  

​  

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Total stock-based compensation expense

 

$

10,551

 

$

9,647

 

$

11,377

 

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Schedule of plan activity for stock options

 

                                                                                                                                                                                                 

 

 

Number of
Shares
(In Thousands)

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term (Years)

 

Aggregate
Intrinsic
Value
(In Thousands)

 

Outstanding at April 30, 2016

 

 

1,411

 

$

19.39

 

 

7.4

 

$

9,489

 

Granted

 

 

497

 

 

25.99

 

 

 

 

 

 

 

Canceled

 

 

(97

)

 

25.28

 

 

 

 

 

 

 

Exercised

 

 

(302

)

 

11.82

 

 

 

 

$

4,871

 

​  

​  

Outstanding at April 29, 2017

 

 

1,509

 

$

22.70

 

 

7.6

 

$

7,638

 

​  

​  

​  

​  

Exercisable at April 29, 2017

 

 

591

 

$

18.27

 

 

6.2

 

$

5,688

 

 

Fair value assumptions for stock options

 

                                                                                                                                                                                                   

 

 

Fiscal 2017
Grant

 

Fiscal 2016
Grant

 

Fiscal 2015
Grant

 

Risk-free interest rate

 

 

1.30

%

 

1.54

%

 

1.59

%

Dividend rate

 

 

1.54

%

 

1.20

%

 

1.00

%

Expected life in years

 

 

5.0

 

 

5.0

 

 

5.0

 

Stock price volatility

 

 

38.87

%

 

44.37

%

 

54.40

%

Fair value per share

 

$

7.99

 

$

9.69

 

$

10.45

 

 

Fair value assumptions for SARs

 

                                                                                                                                                                                                       

 

 

Fiscal 2014
Grant

 

Fiscal 2013
Grant

 

Risk-free interest rate

 

 

1.04

%

 

0.81

%

Dividend rate

 

 

1.58

%

 

1.58

%

Expected life in years

 

 

1.13

 

 

0.21

 

Stock price volatility

 

 

31.29

%

 

21.91

%

Fair value per share

 

$

9.06

 

$

15.86

 

 

Summary of information about non-vested share awards

 

                                                                                                                                                                                    

 

 

Shares
(In Thousands)

 

Weighted
Average
Grant Date
Fair Value

 

Non-vested shares at April 30, 2016

 

 

169

 

$

25.22

 

Granted

 

 

102

 

 

26.20

 

Vested

 

 

(51

)

 

25.06

 

Canceled

 

 

(11

)

 

25.56

 

​  

​  

Non-vested shares at April 29, 2017

 

 

209

 

$

25.72

 

​  

​  

​  

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Summary of information about non-vested stock units

 

                                                                                                                                                                                               

 

 

Units
(In Thousands)

 

Weighted
Average
Grant Date
Fair Value

 

Non-vested units at April 30, 2016

 

 

77

 

$

16.61

 

Vested

 

 

(51

)

 

15.47

 

Canceled

 

 

(3

)

 

16.62

 

​  

​  

Non-vested units at April 29, 2017

 

 

23

 

$

19.80

 

​  

​  

​  

​  

 

Summary of information about performance-based shares outstanding

 

                                                                                                                                                                                    

 

 

Shares
(In Thousands)

 

Weighted
Average
Grant Date
Fair Value

 

Outstanding shares at April 30, 2016

 

 

612

 

$

23.10

 

Granted

 

 

361

 

 

24.79

 

Vested

 

 

(159

)

 

18.58

 

Unearned and canceled

 

 

(255

)

 

24.34

 

​  

​  

Outstanding shares at April 29, 2017

 

 

559

 

$

24.87

 

​  

​  

​  

​  

 

Schedule of equity-based compensation expenses related to performance-based shares

 

                                                                                                                                                                                    

(Amounts in thousands)

 

4/29/2017

 

4/30/2016

 

4/25/2015

 

Fiscal 2013 grant

 

$

 

$

 

$

568

 

Fiscal 2014 grant

 

 

 

 

926

 

 

769

 

Fiscal 2015 grant

 

 

675

 

 

840

 

 

908

 

Fiscal 2016 grant

 

 

1,284

 

 

1,610

 

 

 

Fiscal 2017 grant

 

 

1,109

 

 

 

 

 

​  

​  

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​  

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Total expense

 

$

3,068

 

$

3,376

 

$

2,245

 

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