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Stock-Based Compensation (Tables)

12 Months Ended

Apr. 28, 2018

Stock-Based Compensation

Summary of total stock-based compensation expense

(Amounts in thousands)		(52 weeks) 4/28/2018			(52 weeks) 4/29/2017			(53 weeks) 4/30/2016
Equity-based awards expense		$	9,474		$	8,864		$	8,292
Liability-based awards expense		405			1,687			1,355
Total stock-based compensation expense		$	9,879		$	10,551		$	9,647

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 29, 2017		1,509		$	22.70		7.6		$	7,638
Granted		574		27.25
Canceled		(40	)	26.58
Exercised		(206	)	21.40					$	2,152
Outstanding at April 28, 2018		1,837		$	24.18		7.4		$	9,407
Exercisable at April 28, 2018		732		$	20.57		5.9		$	6,388

Fair value assumptions for stock options

		Fiscal 2018  Grant			Fiscal 2017  Grant			Fiscal 2016  Grant
Risk-free interest rate		1.84		%	1.30		%	1.54		%
Dividend rate		1.61		%	1.54		%	1.20		%
Expected life in years		5.0			5.0			5.0
Stock price volatility		32.12		%	38.87		%	44.37		%
Fair value per share		$	7.16		$	7.99		$	9.69

Fair value assumptions for SARs

		Fiscal 2014  Grant
Risk-free interest rate		1.64		%
Dividend rate		1.64		%
Expected life in years		0.13
Stock price volatility		18.79		%
Fair value per share		$	10.22

Summary of information about non-vested share awards

		Shares (In Thousands)		Weighted Average Grant Date Fair Value
Non-vested shares at April 29, 2017		209		$	25.72
Granted		108		27.45
Vested		(69	)	25.44
Canceled		(15	)	26.36
Non-vested shares at April 28, 2018		233		$	26.56

Summary of information about non-vested stock units

		Units (In Thousands)		Weighted Average Grant Date Fair Value
Non-vested units at April 29, 2017		23		$	19.80
Vested		(23	)	19.80
Non-vested units at April 28, 2018		—		$	—

Summary of information about performance-based shares outstanding

		Shares (In Thousands)		Weighted Average Grant Date Fair Value
Outstanding shares at April 29, 2017		559		$	24.87
Granted		356		25.93
Vested		(89	)	22.91
Unearned or cancelled		(285	)	25.54
Outstanding shares at April 28, 2018		541		$	25.52

Schedule of equity-based compensation expenses related to performance-based shares

		(52 weeks)			(52 weeks)			(53 weeks)
(Amounts in thousands)		4/28/2018			4/29/2017			4/30/2016
Fiscal 2014 grant		$	—		$	—		$	926
Fiscal 2015 grant		—			675			840
Fiscal 2016 grant		1,052			1,284			1,610
Fiscal 2017 grant		455			1,109			—
Fiscal 2018 grant		887			—			—
Total expense		$	2,394		$	3,068		$	3,376

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Tabular disclosure of equity-based compensation expenses related to performance-based shares.

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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.

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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.

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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