Note 8 - Subsequent Event

6 Months Ended

Oct. 29, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

8

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SUBSEQUENT EVENT

On November 18, 2016, the Company declared a special cash dividend of $1.50 per share payable to shareholders of record on November 28, 2016. The cash dividend, expected to approximate $70 million, will be paid on or before January 27, 2017. The Company also announced its Board has approved in concept an additional cash dividend, in an amount to be determined, to holders of record prior to the end of the current fiscal year and the Company plans to develop a program to make a distribution to shareholders based on the length of time they have owned their shares.