Stock-Based Compensation (Tables)

12 Months Ended

May 03, 2014

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 2014.

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, 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
Granted		0			0.00
Exercised		(66	)		15.71
Forfeited		(2,272	)		16.95
Balance, May 3, 2014		1,039		$	20.14		4.53 years	$	725
Vested and expected to vest in the future at May 3, 2014		987		$	20.37		4.37 years	$	679
Exercisable at May 3, 2014		632		$	23.17		2.56 years	$	218
Available for grant at May 3, 2014		3,381

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, 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
Granted		61			13.81
Vested		(194	)		16.15
Forfeited		(62	)		15.71
Balance, May 3, 2014		90		$	14.11

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 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
Granted		2,469			15.12
Vested		(497	)		16.76
Forfeited		(723	)		17.13
Balance, May 3, 2014		3,127		$	15.15