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Stock-Based Compensation (Tables)

6 Months Ended

Oct. 26, 2013

Stock-Based Compensation [Abstract]

Stock-based compensation expense recognized in consolidated statement of income

The table below summarizes the total stock-based compensation expense recognized for all outstanding grants in our consolidated statement of income:

		Second Quarter Ended								Six Months Ended
(Unaudited, amounts in thousands)		10/26/13				10/27/12				10/26/13				10/27/12
Equity-based awards expense		$	2,478			$	3,340			$	5,671			$	6,959
Liability-based awards expense			1,886				963				3,790				891
Total stock-based compensation expense		$	4,364			$	4,303			$	9,461			$	7,850

Schedule of grants made during the period

The table below summarizes the grants made during the first six months of fiscal 2014:

(Unaudited, shares/units in thousands)		Shares/units granted			Liability/ Equity award		Settlement
Stock options			175		Equity		Common shares
Stock appreciation rights (“SARs”)			142		Liability		Cash
Restricted stock units – employees			122		Liability		Cash
Restricted stock units – directors			34		Equity		Common shares
Performance-based units			35		Liability		Cash
Performance-based shares			191		Equity		Common shares

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Valuation Assumptions

The fair value of stock options granted during the first quarter of fiscal 2014 was calculated using the following assumptions:

(Unaudited)		7/27/13
Risk-free interest rate			0.84	%
Dividend rate			0.84	%
Expected life in years			5.0
Stock price volatility			81.3	%
Fair value per share		$	11.63

Stock Appreciation Rights (SARs) [Member] | 2014 Grant Remeasured [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Valuation Assumptions

The fair value of the SARs granted during the first quarter of fiscal 2014 was remeasured at October 26, 2013, using the following assumptions:

(Unaudited)		10/26/13
Risk-free interest rate			1.60	%
Dividend rate			0.70	%
Expected life in years			4.64
Stock price volatility			65.16	%
Fair value per share		$	13.01

Stock Appreciation Rights (SARs) [Member] | 2013 Grant Remeasured [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Valuation Assumptions

In fiscal 2013, we granted SARs as described in our Form 10-K for the fiscal year ended April 27, 2013.  The fair value of the SARs granted during fiscal 2013 was remeasured at October 26, 2013, using the following assumptions:

(Unaudited)		10/26/13
Risk-free interest rate			1.60	%
Dividend rate			0.70	%
Expected life in years			3.71
Stock price volatility			51.75	%
Fair value per share		$	13.59

X

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options and SARs , including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-Name Staff Accounting Bulletin (SAB)

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