Stock-Based Compensation (Tables)

12 Months Ended

Apr. 30, 2016

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 27, 2013		3,376		$	17.91			6.24 years	$	7,331
Granted		—			0.00
Exercised		(66	)		15.71
Forfeited		(2,272	)		16.95

Balance, May 3, 2014		1,039		$	20.14			4.53 years	$	725
Granted		—			0.00
Exercised		(83	)		15.47
Forfeited		(501	)		24.12

Balance, May 2, 2015		455		$	16.62			6.27 years	$	3,114
Granted		—			0.00	^(a)
Exercised		(111	)		11.71	^(a)
Forfeited		(239	)		10.89	^(a)
Adjustment due to the Spin-Off of B&N Education		219

Balance, April 30, 2016		324		$	11.29			5.09 years	$	516

Vested and expected to vest in the future at April 30, 2016		324		$	11.29			5.09 years	$	516
Exercisable at April 30, 2016		324		$	11.29			5.09 years	$	516
Available for grant at April 30, 2016		7,252

(a)	Weighted average exercise price is calculated using exercise price prior to the Spin-Off and after the Spin-Off.

The following table presents a summary of the Company’s performance-based stock unit activity:


	Number of Shares (in thousands)			Weighted Average Grant Date Fair Value
Balance, April 27, 2013		—		$	0.00
Granted		—			0.00
Vested		—			0.00
Forfeited		—			0.00

Balance, May 3, 2014		—		$	0.00
Granted		—			0.00
Vested		—			0.00
Forfeited		—			0.00

Balance, May 2, 2015		—		$	0.00
Granted		110			28.08	^(a)
Vested		—			0.00	^(a)
Forfeited		(17	)		18.46	^(a)
Adjustment due to the Spin- Off of B&N Education		58

Balance, April 30, 2016		151		$	18.41

(a)	Weighted average grant date fair value is calculated using the grant price prior to the Spin-Off and after the Spin-Off.

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 27, 2013		285		$	15.91
Granted		61			13.81
Vested		(194	)		16.15
Forfeited		(53	)		16.02

Balance, May 3, 2014		99		$	14.09
Granted		43			22.24
Vested		(96	)		14.10
Forfeited		(3	)		13.46

Balance, May 2, 2015		43		$	22.24
Granted		64			13.04
Vested		(43	)		22.24
Forfeited		—			—

Balance, April 30, 2016		64		$	13.04

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 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
Granted		291			19.40
Vested		(1,054	)		15.19
Forfeited		(309	)		15.94

Balance, May 2, 2015		2,055		$	15.62
Granted		692			18.82	^(a)
Vested		(1,312	)		10.68	^(a)
Forfeited		(1,054	)		10.74	^(a)
Adjustment due to the Spin- Off of B&N Education		1,057

Balance, April 30, 2016		1,438		$	13.76

(a)	Weighted average grant date fair value is calculated using the grant price prior to the Spin-Off and after the Spin-Off.