Stock-Based Compensation (Tables)

9 Months Ended

Jan. 28, 2017

Stock-Based Compensation

Summary of total stock-based compensation expense

	Quarter Ended					Nine Months Ended
(Unaudited, amounts in thousands)	1/28/17		1/23/16			1/28/17		1/23/16
Equity-based awards expense	$	1,691	$	1,745		$	7,571	$	6,868
Liability-based awards (income) expense	1,383		(1,645		)	1,653		(577		)
Total stock-based compensation expense	$	3,074	$	100		$	9,224	$	6,291

Fair value assumptions for stock options

(Unaudited)	Fiscal 2017 grant
Risk-free interest rate	1.30		%
Dividend rate	1.54		%
Expected life in years	5.00
Stock price volatility	38.87		%
Fair value per share	$	7.99

Fair value assumptions for SARs

(Unaudited)	Fiscal 2014 grant			Fiscal 2013 grant
Risk-free interest rate	0.87		%	0.64		%
Dividend rate	1.53		%	1.53		%
Expected life in years	1.38			0.46
Stock price volatility	35.10		%	33.74		%
Fair value per share	$	10.18		$	16.66