XML 48 R33.htm IDEA: XBRL DOCUMENT v3.22.1
Shareholders' Equity and Share-Based Compensation (Tables)
 12 Months Ended
Apr. 30, 2022
Equity [Abstract]  
Schedule of Nonvested Restricted Stock and Restricted Stock Units Activity
A summary of non-vested restricted stock and restricted stock units for fiscal years 2022, 2021, and 2020 is as follows:
Year Ended
April 30, 2022May 1, 2021May 2, 2020
Number of Nonvested Shares Weighted Average Grant Date
Fair Value Per Share		Number of Nonvested SharesWeighted Average Grant Date
Fair Value Per Share		Number of Nonvested SharesWeighted Average Grant Date
Fair Value Per Share
Outstanding at beginning of year480 $5.62 449 $7.16 444 $7.58 
Granted214 5.66 223 3.92 186 7.03 
Vested(213)5.58 (176)7.27 (173)8.10 
Forfeited(12)5.64 (16)7.00 (8)7.37 
Outstanding at end of year469 $5.65 480 $5.62 449 $7.16 
Share-based Payment Arrangement, Option, Activity A summary of stock option activity under our 2015 Plan and 2020 Plan during the fiscal year ended April 30, 2022 is as follows:
Stock Options Weighted Average Exercise Price
Per Share		Weighted Average Remaining
Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at May 1, 2021
2,227 $8.53 4.83$843 
Granted223 5.66 — — 
Canceled or forfeited(341)9.17 — — 
Exercised(2)4.11 — 2 
Outstanding at April 30, 2022
2,107 $8.13 4.98$— 
   
Shares vested and expected to vest2,075 $8.17 4.92$— 
Exercisable at April 30, 2022
1,371 $9.47 3.26$— 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table provides the weighted-average fair value of options granted and the related assumptions used in the Black-Scholes model:
Year Ended
April 30, 2022May 1, 2021May 2, 2020
Fair value of options granted$2.43 $1.71 $1.99 
Risk-free interest rate1.07 %0.43 %1.51 %
Expected dividend rate— %— %3.50 %
Expected volatility40.60 %40.53 %37.55 %
Expected life of option (in years)6.946.946.94
Share-based Compensation Expense
The following table presents a summary of the share-based compensation expense by equity type as follows:
Year Ended
April 30, 2022May 1, 2021May 2, 2020
Stock options$458 $450 $492 
Restricted stock and stock units1,159 1,203 1,341 
Employee stock purchase plans356 414 432 
$1,973 $2,067 $2,265 
A summary of the share-based compensation expense for stock options, restricted stock, restricted stock units and shares issued under the ESPP for fiscal years 2022, 2021, and 2020 is as follows:
Year Ended
April 30, 2022May 1, 2021May 2, 2020
Cost of sales$434 $472 $514 
Selling472 484 572 
General and administrative656 678 717 
Product design and development411 433 462 
$1,973 $2,067 $2,265