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COMMON STOCK AND STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
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Oct. 26, 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 six-month periods presented:
|  | Six Months Ended
|  | October 26, 2013 |  | October 27, 2012
Balance at the beginning of the period |  | 38,455,853 |  |  | 38,375,678 |
Options exercised |  | 241,673 |  |  | — |
Restricted stock awards vested |  | 27,000 |  |  | 27,000 |
Balance at the end of the period |  | 38,724,526 |  |  | 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 and six months ended October 26, 2013 and October 27, 2012.
| Compensation Expense
| Three Months Ended |  | Six Months Ended
| October 26, 2013 |  | October 27, 2012 |  | October 26, 2013 |  | October 27, 2012
2010 Stock Plan: |  |  |  |  |  |  |
RSAs | $ | 368 |  |  | $ | 366 |  |  | $ | 736 |  |  | $ | 732 |
RSUs | 74 |  |  | 132 |  |  | 147 |  |  | 264 |
Stock options | 208 |  |  | 143 |  |  | 365 |  |  | 276 |
Total 2010 Stock Plan | $ | 650 |  |  | $ | 641 |  |  | 1,248 |  |  | 1,272 |
2007 Stock Plan: |  |  |  |  |  |  |
RSAs | $ | — |  |  | $ | — |  |  | 466 |  |  | 233 |
Stock options | 72 |  |  | 115 |  |  | 174 |  |  | 242 |
Total 2007 Stock Plan | $ | 72 |  |  | $ | 115 |  |  | 640 |  |  | 475 |
Total Compensation Expense | $ | 722 |  |  | $ | 756 |  |  | $ | 1,888 |  |  | $ | 1,747 |
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 six months ended October 26, 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 October 26, 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 October 26, 2013
Average Exercise Price |  | Shares |  | Avg. Remaining Life (Years)
$ | 9.24 |  |  | 120,000 |  |  | 7.1 |
$ | 10.70 |  |  | 120,000 |  |  | 7.8 |
$ | 8.64 |  |  | 120,000 |  |  | 8.8 |
$ | 17.27 |  |  | 120,000 |  |  | 9.8 |
$ | 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 October 26, 2013
Average Exercise Price |  | Shares |  | Avg. Remaining Life (Years)
$ | 9.24 |  |  | 120,000 |  |  | 7.1 |
$ | 10.70 |  |  | 80,000 |  |  | 7.8 |
$ | 8.64 |  |  | 40,000 |  |  | 8.8 |
$ | 9.63 |  |  | 240,000 |  |  |
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 six months ended October 26, 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 October 26, 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 |  |  | October 26, 2013 |  | October 26, 2013
2011 |  | 600,000 |  |  | 5-year cliff, performance based |  | $ | 9.70 |  |  | $ | 1,951 |  |  | $ | 1,951 |
2011 |  | 300,000 |  | * | 5-year, equal annual installments |  | 9.70 |  |  | 279 |  |  | N/A |
2012 |  | 100,000 |  |  | One-third per year, beginning in fiscal 2015, performance based |  | 8.10 |  |  | 398 |  |  | 398 |
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 six months ended October 26, 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 |  | (170,498 | ) |  | 9.04 |
Cancelled |  | — |  |  | — |
Outstanding at October 26, 2013 |  | 650,002 |  |  | $ | 5.87 |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding |
Options Outstanding at October 26, 2013
|  |  |  | Avg.
|  |  |  | Remaining
Average Exercise Price |  | Shares |  | Life (Years)
$ | 2.72 |  |  | 279,000 |  |  | 5.5 |
$ | 6.46 |  |  | 246,000 |  |  | 5.8 |
$ | 10.55 |  |  | 20,000 |  |  | 6.8 |
$ | 8.10 |  |  | 32,501 |  |  | 8.0 |
$ | 8.64 |  |  | 30,001 |  |  | 8.8 |
$ | 17.27 |  |  | 42,500 |  |  | 9.8 |
$ | 5.87 |  |  | 650,002 |  |  |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable |
Options Exercisable at October 26, 2013
|  |  |  | Avg.
|  |  |  | Remaining
Average Exercise Price |  | Shares |  | Life (Years)
$ | 2.72 |  |  | 279,000 |  |  | 5.5 |
$ | 6.46 |  |  | 246,000 |  |  | 5.8 |
$ | 10.55 |  |  | 20,000 |  |  | 6.8 |
$ | 8.10 |  |  | 15,001 |  |  | 8.0 |
$ | 8.64 |  |  | 1,668 |  |  | 8.8 |
$ | 4.80 |  |  | 561,669 |  |  |
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 |

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