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COMMON STOCK AND STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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Jul. 27, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Common Stock Outstanding Roll Forward | The following table sets forth the changes in the number of issued shares of common stock during the three-month periods presented:
|  | Three Months Ended
|  | July 27, 2013 |  | July 28, 2012
Balance at the beginning of the period |  | 38,455,853 |  |  | 38,375,678 |
Options exercised |  | 97,007 |  |  | — |
Restricted stock awards vested |  | 27,000 |  |  | 27,000 |
Balance at the end of the period |  | 38,579,860 |  |  | 38,402,678 |
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan | The table below summarizes the expense for the three months ended July 27, 2013 and July 28, 2012.
| Compensation Expense
| Three Months Ended
| July 27, 2013 |  | July 28, 2012
2010 Stock Plan: |  |  |
RSAs | $ | 369 |  |  | $ | 366 |
RSUs | 74 |  |  | 132 |
Stock options | 101 |  |  | 133 |
Total 2010 Stock Plan | $ | 544 |  |  | $ | 631 |
2007 Stock Plan: |  |  |
RSAs | $ | 466 |  |  | $ | 233 |
Stock options | 156 |  |  | 127 |
Total 2007 Stock Plan | $ | 622 |  |  | $ | 360 |
Total Compensation Expense | $ | 1,166 |  |  | $ | 991 |
2010 Stock Plan | Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Stock Options, Activity | The following tables summarize the stock option activity and related information for the stock options granted under the 2010 Stock Plan for the three months ended July 27, 2013:
|  | Summary of Option Activity
|  | Shares |  | Wtd. Avg. Exercise Price
Outstanding at April 27, 2013 |  | 360,000 |  |  | $ | 9.53 |
Granted |  | 120,000 |  |  | 17.27 |
Exercised |  | — |  |  | — |
Cancelled |  | — |  |  | — |
Outstanding at July 27, 2013 |  | 480,000 |  |  | $ | 11.46 |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding |
Options Outstanding at July 27, 2013
Average Exercise Price |  | Shares |  | Avg. Remaining Life (Years)
$ | 9.24 |  |  | 120,000 |  |  | 7.3 |
$ | 10.70 |  |  | 120,000 |  |  | 8.1 |
$ | 8.64 |  |  | 120,000 |  |  | 9.1 |
$ | 17.27 |  |  | 120,000 |  |  | 10.0 |
$ | 11.46 |  |  | 480,000 |  |  |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable |
Options Exercisable at July 27, 2013
Average Exercise Price |  | Shares |  | Avg. Remaining Life (Years)
$ | 9.24 |  |  | 80,000 |  |  | 7.3 |
$ | 10.70 |  |  | 80,000 |  |  | 8.1 |
$ | 8.64 |  |  | 40,000 |  |  | 9.1 |
$ | 9.70 |  |  | 200,000 |  |  |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | We estimated the fair value of our employee stock options on the date of grant using the Black-Scholes option-pricing model with the following assumptions:
| Fiscal 2014 | Fiscal 2013
| Awards | Awards
Average expected volatility | 65.77 | % | 66.15 | %
Average risk-free interest rate | 0.65 | % | 0.39 | %
Dividend yield | 2.81 | % | 2.94 | %
Expected life of options (in years) | 7.61 |  | 7.18 |
Weighted-average grant-date fair value | $ | 8.36 |  | $ | 4.13 |
2010 Stock Plan | Restricted Stock Awards (RSA's) and Restricted Stock Units (RSU's) |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | The following table summarizes the RSA and RSU activity for the three months ended July 27, 2013 for the RSA's and RSU's granted under the 2010 Stock Plan:
| RSA Shares | RSU Shares
Unvested and unissued at April 27, 2013 | 700,000 |  | 120,000 |
Awarded | — |  | — |
Vested | — |  | — |
Forfeited and cancelled | — |  | — |
Unvested and unissued at July 27, 2013 | 700,000 |  | 120,000 |
Schedule Of Share-based Compensation, Restricted Stock And Restricted Stock Units Details, By Grant Year And Vesting Period |
|  | Number of Shares Granted, less Forfeitures |  |  |  | Weighted Average Value |  | Probable Unearned Compensation Expense at |  | Target Unearned Compensation Expense at
Grant Fiscal Year |  |  | Vesting Period |  |  | July 27, 2013 |  | July 27, 2013
2011 |  | 600,000 |  |  | 5-year cliff, performance based |  | $ | 9.70 |  |  | $ | 2,277 |  |  | $ | 2,277 |
2011 |  | 300,000 |  |  | 5-year, equal annual installments |  | 9.70 |  |  | 353 |  |  | N/A |
2012 |  | 100,000 |  |  | One-third per year, beginning in fiscal 2015, performance based |  | 8.10 |  |  | 440 |  |  | 440 |
2007 Stock Plan | Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Stock Options, Activity | The following tables summarize the stock option activity and related information for the stock options granted under the 2007 Stock Plan for the three months ended July 27, 2013:
|  | Summary of Option Activity
|  |  |  | Wtd. Avg.
|  | Shares |  | Exercise Price
Outstanding at April 27, 2013 |  | 778,000 |  |  | $ | 5.94 |
Granted |  | 42,500 |  |  | 17.27 |
Exercised |  | (25,832 | ) |  | 10.08 |
Cancelled |  | — |  |  | — |
Outstanding at July 27, 2013 |  | 794,668 |  |  | $ | 6.41 |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding |
Options Outstanding at July 27, 2013
|  |  |  | Avg.
|  |  |  | Remaining
Average Exercise Price |  | Shares |  | Life (Years)
$ | 2.72 |  |  | 285,000 |  |  | 5.7 |
$ | 6.46 |  |  | 260,000 |  |  | 6.0 |
$ | 8.13 |  |  | 35,500 |  |  | 6.5 |
$ | 10.55 |  |  | 85,000 |  |  | 7.1 |
$ | 8.10 |  |  | 48,334 |  |  | 8.3 |
$ | 8.64 |  |  | 38,334 |  |  | 9.1 |
$ | 17.27 |  |  | 42,500 |  |  | 10.0 |
$ | 6.41 |  |  | 794,668 |  |  |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable |
Options Exercisable at July 27, 2013
|  |  |  | Avg.
|  |  |  | Remaining
Average Exercise Price |  | Shares |  | Life (Years)
$ | 2.72 |  |  | 285,000 |  |  | 5.7 |
$ | 6.46 |  |  | 260,000 |  |  | 6.0 |
$ | 8.13 |  |  | 35,500 |  |  | 6.5 |
$ | 10.55 |  |  | 85,000 |  |  | 7.1 |
$ | 8.10 |  |  | 13,334 |  |  | 8.3 |
$ | 8.64 |  |  | 10,001 |  |  | 9.1 |
$ | 5.57 |  |  | 688,835 |  |  |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | We estimated the fair value of our employee stock options on the date of grant using the Black-Scholes option-pricing model with the following assumptions:
| Fiscal 2014 |  | Fiscal 2013
| Awards |  | Awards
Average expected volatility | 65.77 | % |  | 66.15 | %
Average risk-free interest rate | 0.65 | % |  | 0.39 | %
Dividend yield | 2.81 | % |  | 2.94 | %
Expected life of options (in years) | 7.61 |  |  | 7.18 |
Weighted-average grant-date fair value | $ | 8.36 |  |  | $ | 4.13 |
2000 and 2004 Stock Plans | Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Stock Options, Activity | The following tables summarize the stock option activity and related information for the stock options outstanding under the 2000 and 2004 Stock Plans for the three months ended July 27, 2013:
|  | Summary of Option Activity
|  |  |  | Wtd. Avg.
|  | Shares |  | Exercise Price
Outstanding at April 27, 2013 |  | 73,185 |  |  | $ | 11.44 |
Exercised |  | (71,775 | ) |  | 11.44 |
Expired |  | (1,410 | ) |  | 11.44 |
Outstanding at July 27, 2013 |  | — |  |  | $ | — |

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