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Stock-Based Compensation (Tables)
12 Months Ended
Apr. 27, 2013
Weighted Average Assumptions Relating to Valuation of Stock Options

The weighted average assumptions relating to the valuation of the Company’s stock options for fiscal years 2013 and 2012 are shown below. No stock options were granted during fiscal 2011.

 

Fiscal Year

   2013     2012  

Weighted average fair value of grants

   $ 7.80      $ 9.85   

Volatility

     86.13     78.52

Risk-free interest rate

     0.67     0.92

Expected life

     5 years        5 years   

Expected dividend yield

     0.00     0.00
Summary of Stock Option Activity

The following table presents a summary of the Company’s stock option activity:

 

     Number of Shares
(in thousands)
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value (in
thousands)
 

Balance, May 1, 2010

     5,498      $ 20.19         3.49 years       $ 13,782   

Exercised

     (1,024     16.83         

Forfeited

     (598     20.57         
  

 

 

         

Balance, April 30, 2011

     3,876        21.02         3.40 years         —     

Granted

     1,563        15.70         

Exercised

     (92     11.89         

Forfeited

     (1,487     21.86         
  

 

 

         

Balance, April 28, 2012

     3,860        18.76         5.70 years       $ 574   

Granted

     515        11.64         

Exercised

     (279     12.20         

Forfeited

     (720     20.19         
  

 

 

         

Balance, April 27, 2013

     3,376      $ 17.91         6.24 years       $ 7,331   
  

 

 

         

Vested and expected to vest in the future at April 27, 2013

     3,295      $ 17.96         6.19 years       $ 7,139   

Exercisable at April 27, 2013

     1,304      $ 22.19         2.42 years       $ 580   

Available for grant at April 27, 2013

     2,568           
Restricted Stock
 
Summary of Other Than Option Award Activity

The following table presents a summary of the Company’s restricted stock activity:

 

     Number of
Shares (in
thousands)
    Weighted
Average Grant
Date Fair Value
 

Balance, May 1, 2010

     2,330      $ 24.15   

Granted

     684        16.65   

Vested

     (435     27.99   

Forfeited

     (154     24.76   
  

 

 

   

Balance, April 30, 2011

     2,425        21.31   

Granted

     83        13.23   

Vested

     (1,073     22.78   

Forfeited

     (51     21.52   
  

 

 

   

Balance, April 28, 2012

     1,384        19.68   

Granted

     60        11.52   

Vested

     (866     20.49   

Forfeited

     (293     19.24   
  

 

 

   

Balance, April 27, 2013

     285      $ 15.91   
  

 

 

   
Restricted Stock Units (RSUs)
 
Summary of Other Than Option Award Activity

The following table presents a summary of the Company’s restricted stock unit activity:

 

     Number of
Shares (in
thousands)
    Weighted
Average Grant
Date Fair Value
 

Balance, April 30, 2011

     —        $ —     

Granted

     969        16.64   

Forfeited

     (5     18.59   
  

 

 

   

Balance, April 28, 2012

     964        16.63   

Granted

     1,029        16.29   

Vested

     (13     15.31   

Forfeited

     (102     18.01   
  

 

 

   

Balance, April 27, 2013

     1,878      $ 16.38