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COMMON STOCK AND STOCK-BASED COMPENSATION (Tables)

6 Months Ended

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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