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Stock-Based Compensation (Tables)
6 Months Ended
Oct. 26, 2019
Share-based Payment Arrangement [Abstract]  
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)
 
10/26/19
 
10/27/18
 
10/26/19
 
10/27/18
Equity-based awards expense
 
$
3,032

 
$
3,639

 
$
4,707

 
$
5,679

Liability-based awards expense
 
400

 
(300
)
 
340

 
(134
)
Total stock-based compensation expense
 
$
3,432

 
$
3,339

 
$
5,047

 
$
5,545


Fair value assumptions for stock options
We calculated the fair value of stock options granted during the first quarter of fiscal 2020 using the following assumptions:
(Unaudited)
 
Fiscal 2020 grant
Risk-free interest rate
 
2.19
%
Dividend rate
 
1.72
%
Expected life in years
 
5.0

Stock price volatility
 
34.27
%
Fair value per share
 
$
7.94