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Stock-Based Compensation (Tables) | 6 Months Ended
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Oct. 25, 2014
Stock-Based Compensation |
Summary of total stock-based compensation expense | The table below summarizes the total stock-based compensation expense we recognized for all outstanding grants in our consolidated statement of income:
|  | Quarter Ended |  | Six Months Ended |
(Unaudited, amounts in thousands) |  | 10/25/14 |  | 10/26/13 |  | 10/25/14 |  | 10/26/13 |
Equity-based awards expense |  | $ | 2,037 |  | $ | 2,478 |  | $ | 5,047 |  | $ | 5,671 |
Liability-based awards expense |  | 821 |  | 1,886 |  | 373 |  | 3,790 |
Total stock-based compensation expense |  | $ | 2,858 |  | $ | 4,364 |  | $ | 5,420 |  | $ | 9,461 |
Schedule of grants made during the period | The table below summarizes the grants we made during the first six months of fiscal 2015:
(Unaudited, shares/units in thousands) |  | Shares/units granted |  | Liability/ Equity award |  | Settlement |
Stock options |  | 374 |  | Equity |  | Common shares |
Restricted stock |  | 103 |  | Equity |  | Common shares |
Restricted stock units — directors |  | 33 |  | Equity |  | Common shares |
Performance-based shares |  | 192 |  | Equity |  | Common shares |
Fair value assumptions for stock options | T he fair value of stock options granted during the first quarter of fiscal 2015 using the following assumptions:
(Unaudited) |  | 7/26/14 |
Risk-free interest rate |  | 1.59 | %
Dividend rate |  | 1.00 | %
Expected life in years |  | 5.0 |
Stock price volatility |  | 54.40 | %
Fair value per share |  | $ | 10.45 |
Awards Granted During 2014 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Fair value assumptions for SARs | The fair value of the SARs granted during fiscal 2014 using the following assumptions:
(Unaudited) |  | 10/25/14 |
Risk-free interest rate |  | 1.05 | %
Dividend rate |  | 1.10 | %
Expected life in years |  | 3.63 |
Stock price volatility |  | 43.20 | %
Fair value per share |  | $ | 7.67 |
Awards Granted During 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Fair value assumptions for SARs | The fair value of the SARs granted during fiscal 2013 using the following assumptions:
(Unaudited) |  | 10/25/14 |
Risk-free interest rate |  | 1.05 | %
Dividend rate |  | 1.10 | %
Expected life in years |  | 2.71 |
Stock price volatility |  | 35.22 | %
Fair value per share |  | $ | 10.25 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock appreciation rights, including, but not limited to: (a) expected term of stock appreciation rights, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References No definition available. + Details
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- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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