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Shareholders' Equity and Share-Based Compensation (Tables)

12 Months Ended

Apr. 27, 2024

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 2024, 2023, and 2022 is as follows:

			Year Ended
			April 27, 2024												April 29, 2023												April 30, 2022
			Number of Nonvested Shares						Weighted Average Grant Date Fair Value Per Share						Number of Nonvested Shares						Weighted Average Grant Date Fair Value Per Share						Number of Nonvested Shares						Weighted Average Grant Date Fair Value Per Share
Outstanding at beginning of year			617						$	4.11					469						$	5.65					480						$	5.62
Granted			159						9.85						360						3.15						214						5.66
Vested			(280)						3.92						(192)						5.98						(213)						5.58
Forfeited			(10)						4.77						(20)						4.98						(12)						5.64
Outstanding at end of year			486						$	5.95					617						$	4.11					469						$	5.65

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 27, 2024 is as follows:

			Stock Options						Weighted Average Exercise Price Per Share						Weighted Average Remaining Contractual Life (Years)						Aggregate Intrinsic Value
Outstanding as of April 29, 2023			2,045						$	7.11					5.52						$	858
Granted			37						9.85						—						—
Cancelled or forfeited			(228)						10.26						—						—
Exercised			(219)						5.94						—						708
Outstanding as of April 27, 2024			1,635						$	6.89					5.06						$	4,607
Shares vested and expected to vest			1,614						$	6.93					5.03						$	4,503
Exercisable as of April 27, 2024			1,034						$	8.30					3.63						$	1,695

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 27, 2024						April 29, 2023						April 30, 2022
Fair value of options granted			$	4.92					$	1.34					$	2.43
Risk-free interest rate			4.37		%				3.37		%				1.07		%
Expected volatility			46.28		%				41.10		%				40.60		%
Expected life of option (in years)			6.90						6.93						6.94

Share-based Compensation Expense

The following table presents a summary of the share-based compensation expense by equity type as follows:

			Year Ended
			April 27, 2024						April 29, 2023						April 30, 2022
Stock options			$	420					$	453					$	458
Restricted stock and stock units			1,177						1,153						1,159
Employee stock purchase plans			493						421						356
			$	2,090					$	2,027					$	1,973

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 2024, 2023, and 2022 is as follows:

			Year Ended
			April 27, 2024						April 29, 2023						April 30, 2022
Cost of sales			$	452					$	441					$	434
Selling			437						424						472
General and administrative			745						735						656
Product design and development			456						427						411
			$	2,090					$	2,027					$	1,973

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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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.

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