Stock-Based Compensation (Tables)

12 Months Ended

Apr. 29, 2017

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 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
Granted		—			0.00
Exercised		(31	)		9.91
Forfeited		(38	)		21.14

Balance, April 29, 2017		255		$	9.99			4.62 years	$	11

Vested and expected to vest in the future at April 29, 2017		255		$	9.99			4.62 years	$	11
Exercisable at April 29, 2017		255		$	9.99			4.62 years	$	11
Available for grant at April 29, 2017		7,261

(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, 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
Granted		507			12.48
Vested		—			0.00
Forfeited		(238	)		13.55

Balance, April 29, 2017		420		$	14.00

(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, 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		—			0.00

Balance, April 30, 2016		64		$	13.04
Granted		77			10.95
Vested		(64	)		13.04
Forfeited		—			0.00

Balance, April 29, 2017		77		$	10.95

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, 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
Granted		547			12.42
Vested		(609	)		11.75
Forfeited		(826	)		14.22

Balance, April 29, 2017		550		$	13.96

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