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Shareholders' Equity (Tables)
12 Months Ended
Apr. 27, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of expense related to equity awards
The table below summarizes the stock-based compensation expense related to the equity awards for fiscal 2019, 2018 and 2017.
(Dollars in Millions)
 
Fiscal Year Ended
 
Unrecognized Compensation Expense at
 
 
April 27, 2019
 
April 28, 2018
 
April 29, 2017
 
April 27, 2019
2014 Incentive Plan:
 
 
 
 
 
 
 
 
RSAs
 
$
10.9

 
$
(2.0
)
 
$
5.7

 
$
5.0

RSUs
 
2.2

 
5.0

 
5.5

 
1.6

Director Awards
 
0.9

 
1.0

 
0.9

 

Total 2014 Incentive Plan
 
14.0

 
4.0

 
12.1

 
6.6

 
 
 
 
 
 
 
 
 
2010 Stock Plan:
 
 
 
 
 
 
 
 
RSUs
 

 

 
0.1

 

Stock Options
 

 

 
0.1

 

Total 2010 Stock Plan
 

 

 
0.2

 

 
 
 
 
 
 
 
 
 
2007 Stock Plan:
 
 
 
 
 
 
 
 
Stock Options
 

 

 
0.1

 

Total 2007 Stock Plan
 

 

 
0.1

 

 
 
 
 
 
 
 
 
 
Total Stock-based Compensation Expense
 
$
14.0

 
$
4.0

 
$
12.4

 
$
6.6

2014 Incentive Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Restricted Stock Awards and Restricted Stock Units activity
The following table summarizes RSU activity granted under the 2014 Incentive Plan:
 
 
RSU Shares
 
Wtd. Avg. Grant Date Fair Value
Non-vested at April 30, 2016
 
576,000

 
$
33.39

Awarded
 
32,000

 
$
34.90

Vested
 
(11,333
)
 
$
33.78

Forfeited
 
(28,667
)
 
$
33.78

Non-vested at April 29, 2017
 
568,000

 
$
33.45

Awarded
 
30,925

 
$
41.82

Vested
 
(160,553
)
 
$
33.72

Forfeited
 
(56,000
)
 
$
34.42

Non-vested at April 28, 2018
 
382,372

 
$
33.87

Awarded
 
7,750

 
$
38.75

Vested
 
(152,328
)
 
$
33.75

Forfeited
 
(49,950
)
 
$
32.42

Non-vested at April 27, 2019
 
187,844

 
$
34.55

The following table summarizes the RSA activity under the 2014 Incentive Plan:
 
RSA Shares
 
Wtd. Avg. Grant Date Fair Value
Non-vested and Unissued at April 30, 2016
1,161,000

 
$
33.35

Awarded
72,000

 
$
34.90

Vested

 
$

Forfeited
(64,500
)
 
$
33.78

Non-vested and Unissued at April 29, 2017
1,168,500

 
$
33.42

Awarded
128,738

 
$
40.92

Vested

 
$

Forfeited
(126,000
)
 
$
34.42

Non-vested and Unissued at April 28, 2018
1,171,238

 
$
34.13

Awarded
11,625

 
$
38.75

Vested

 
$

Forfeited
(151,455
)
 
$
34.79

Non-vested and Unissued at April 27, 2019
1,031,408

 
$
34.09

2010 Stock Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of stock option activity and related information for stock options granted
The following table summarizes stock option activity under the 2010 Stock Plan:
 
 
Shares
 
Wtd. Avg. Exercise Price
 
Weighted-Average Life (years)
 
Aggregate Intrinsic Value (in millions)
Outstanding and Exercisable at April 30, 2016
 
197,332

 
$
24.55

 
 
 
 
Awarded
 

 
$

 
 
 
 
Exercised
 
(125,332
)
 
$
17.40

 
 
 
 
Forfeited
 

 
$

 
 
 
 
Outstanding and Exercisable at April 29, 2017
 
72,000

 
$
37.01

 
7.3
 
$

Awarded
 

 
$

 
 
 
 
Exercised
 

 
$

 
 
 
 
Forfeited
 

 
$

 
 
 
 
Outstanding and Exercisable at April 28, 2018
 
72,000

 
$
37.01

 
6.3
 
$
0.3

Awarded
 

 
$

 
 
 
 
Exercised
 

 
$

 
 
 
 
Forfeited
 

 
$

 
 
 
 
Outstanding and Exercisable at April 27, 2019
 
72,000

 
$
37.01

 
5.2
 
$

2007 Stock Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of stock option activity and related information for stock options granted
The following table summarizes stock option activity under the 2007 Stock Plan:
 
 
Shares
 
Wtd. Avg.
Exercise Price
 
Weighted-Average Life (years)
 
Aggregate Intrinsic Value (in millions)
Outstanding and Exercisable at April 30, 2016
 
79,666

 
$
28.91

 
 
 
 
Awarded
 

 
$

 
 
 
 
Exercised
 
(22,497
)
 
$
21.52

 
 
 
 
Forfeited
 

 
$

 
 
 
 
Outstanding and Exercisable at April 29, 2017
 
57,169

 
$
31.82

 
6.8
 
$
0.7

Awarded
 

 
$

 
 
 
 
Exercised
 
(13,333
)
 
$
24.67

 
 
 
 
Forfeited
 
(1,668
)
 
$
37.01

 
 
 
 
Outstanding and Exercisable at April 28, 2018
 
42,168

 
$
33.87

 
5.8
 
$
0.3

Awarded
 

 
$

 
 
 
 
Exercised
 

 
$

 
 
 
 
Forfeited
 
(7,500
)
 
$
37.01

 
 
 
 
Outstanding and Exercisable at April 27, 2019
 
34,668

 
$
33.20

 
4.6
 
$
0.1

Summary of stock option activity and related information for stock options granted, options outstanding and exercisable
Options Outstanding and Exercisable
at April 27, 2019
Shares
 
Exercise Price
 
Avg.
Remaining
Life (Years)
5,000

 
$
10.55

 
1.2
29,668

 
$
37.01

 
5.2
34,668