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Stock-Based Compensation (Tables) | 12 Months Ended
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Apr. 30, 2016
Stock-Based Compensation |
Summary of total stock-based compensation expense | The table below summarizes the total stock-based compensation expense recognized for all outstanding grants in our consolidated statement of income (for the fiscal years ended):
(Amounts in thousands) |  | 4/30/2016 |  | 4/25/2015 |  | 4/26/2014 |
Equity-based awards expense |  | $ | 8,292 |  | $ | 6,780 |  | $ | 8,739 |
Liability-based awards expense |  |  | 1,355 |  |  | 4,597 |  |  | 5,736 |
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Total stock-based compensation expense |  | $ | 9,647 |  | $ | 11,377 |  | $ | 14,475 |
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Schedule of plan activity for stock options |
|  | Number of Shares (In Thousands) |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (In Thousands) |
Outstanding at April 25, 2015 |  |  | 1,039 |  | $ | 16.15 |  |  | 7.6 |  | $ | 11,773 |
Granted |  |  | 427 |  |  | 26.69 |  |  |  |  |  |  |
Canceled |  |  | (16 | ) |  | 25.71 |  |  |  |  |  |  |
Exercised |  |  | (39 | ) |  | 10.75 |  |  |  |  |  | 622 |
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Outstanding at April 30, 2016 |  |  | 1,411 |  | $ | 19.39 |  |  | 7.4 |  | $ | 9,489 |
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Exercisable at April 30, 2016 |  |  | 597 |  | $ | 13.26 |  |  | 6.0 |  | $ | 7,529 |
Fair value assumptions for stock options |
|  | Fiscal 2016 Grant |  | Fiscal 2015 Grant |  | Fiscal 2014 Grant |
Risk-free interest rate |  |  | 1.54 | % |  | 1.59 | % |  | 0.84 | %
Dividend rate |  |  | 1.20 | % |  | 1.00 | % |  | 0.84 | %
Expected life in years |  |  | 5.0 |  |  | 5.0 |  |  | 5.0 |
Stock price volatility |  |  | 44.37 | % |  | 54.40 | % |  | 81.27 | %
Fair value per share |  | $ | 9.69 |  | $ | 10.45 |  | $ | 11.63 |
Fair value assumptions for SARs |
|  | Fiscal 2014 Grant |  | Fiscal 2013 Grant |
Risk-free interest rate |  |  | 0.88 | % |  | 0.66 | %
Dividend rate |  |  | 1.55 | % |  | 1.55 | %
Expected life in years |  |  | 2.1 |  |  | 1.2 |
Stock price volatility |  |  | 30.77 | % |  | 30.56 | %
Fair value per share |  | $ | 7.82 |  | $ | 13.54 |
Summary of information about non-vested share awards |
|  | Shares (In Thousands) |  | Weighted Average Grant Date Fair Value |
Non-vested shares at April 25, 2015 |  |  | 142 |  | $ | 20.50 |
Granted |  |  | 102 |  |  | 26.46 |
Vested |  |  | (57 | ) |  | 16.07 |
Canceled |  |  | (18 | ) |  | 24.07 |
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Non-vested shares at April 30, 2016 |  |  | 169 |  | $ | 25.22 |
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Summary of information about non-vested stock units |
|  | Units (In Thousands) |  | Weighted Average Grant Date Fair Value |
Non-vested units at April 25, 2015 |  |  | 146 |  | $ | 16.12 |
Vested |  |  | (58 | ) |  | 15.40 |
Canceled |  |  | (11 | ) |  | 16.55 |
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Non-vested units at April 30, 2016 |  |  | 77 |  | $ | 16.61 |
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Schedule of performance-based shares and units granted |
Performance-based awards granted (Shares/units in thousands) |  | Units |  | Shares |
Fiscal 2014 grant |  |  | 35 |  |  | 191 |
Fiscal 2015 grant |  |  | — |  |  | 192 |
Fiscal 2016 grant |  |  | — |  |  | 182 |
Schedule of awards earned based on performance conditions |
Performance-based awards earned (Shares/units in thousands) |  | Shares/Units |
Fiscal 2014 performance-based shares |  |  | 159 |
Fiscal 2014 performance-based units |  |  | 24 |
Fiscal 2015 performance-based shares |  |  | 64 |
Fiscal 2016 performance-based shares |  |  | 80 |
Schedule of equity-based compensation expenses related to performance-based shares |
(Amounts in thousands) |  | 4/30/2016 |  | 4/25/2015 |  | 4/26/2014 |
Fiscal 2012 grant |  | $ | — |  | $ | — |  | $ | 3,603 |
Fiscal 2013 grant |  |  | — |  |  | 568 |  |  | 849 |
Fiscal 2014 grant |  |  | 926 |  |  | 769 |  |  | 1,006 |
Fiscal 2015 grant |  |  | 840 |  |  | 908 |  |  | — |
Fiscal 2016 grant |  |  | 1,610 |  |  | — |  |  | — |
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Total expense |  | $ | 3,376 |  | $ | 2,245 |  | $ | 5,458 |
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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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