Stock-Based Compensation (Tables)

3 Months Ended

Jul. 27, 2013

Stock-Based Compensation [Abstract]

Stock-based compensation expense recognized in consolidated statement of income

The table below summarizes the total stock-based compensation expense recognized for all outstanding grants in our consolidated statement of income:

	Quarter Ended
(Unaudited, amounts in thousands)	7/27/13		7/28/12
Equity-based awards expense	$	3,193	$	3,619
Liability-based awards expense (income)		1,904		(72	)
Total stock-based compensation expense	$	5,097	$	3,547

Schedule of grants made during the period

The table below summarizes the grants made during the first quarter of fiscal 2014:

(Unaudited, shares/units in thousands)	Shares/units granted	Liability/ Equity award	Settlement
Stock options	175	Equity	Common shares
Stock appreciation rights (“SARs”)	142	Liability	Cash
Restricted stock units – employees	122	Liability	Cash
Performance-based units	35	Liability	Cash
Performance-based shares	191	Equity	Common shares

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Valuation Assumptions

The fair value of stock options granted during the first quarter of fiscal 2014 was calculated using the following assumptions:

(Unaudited)	7/27/13
Risk-free interest rate		0.84	%
Dividend rate		0.84	%
Expected life in years		5.0
Stock price volatility		81.3	%
Fair value per share	$	11.63

Stock Appreciation Rights (SARs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Valuation Assumptions

The fair value of the SARs granted during the first quarter of fiscal 2014 was remeasured at July 27, 2013, using the following assumptions:

(Unaudited)	7/27/13
Risk-free interest rate		1.20	%
Dividend rate		0.79	%
Expected life in years		4.9
Stock price volatility		80.5	%
Fair value per share	$	12.56