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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Apr. 28, 2013
Schedule of Share-Based Payment Award Stock Options Valuation Assumptions | The fair value of stock options granted to an outside director at each grant date during fiscal 2013 was $5.03, using the following assumptions:
|  | 2013 |  |  | 2012 |  |  | 2011 |
Risk-free interest rate |  |  | 0.67 | % |  |  | - |  |  |  | - |
Dividend yield |  |  | 3.00 | % |  |  | - |  |  |  | - |
Expected volatility |  |  | 61.70 | % |  |  | - |  |  |  | - |
Expected term (in years) |  |  | 5 |  |  |  | - |  |  |  | - |
Summary of Stock Option Activity | The following table summarizes stock option activity for fiscal 2013, 2012, and 2011:
|  |  |  |  | 2013 |  |  |  |  |  | 2012 |  |  |  |  |  | 2011 |
|  |  |  |  | Weighted- |  |  |  |  |  | Weighted- |  |  |  |  |  | Weighted- |
|  |  |  |  | Average |  |  |  |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Exercise |  |  |  |  |  | Exercise |  |  |  |  |  | Exercise |
|  | Shares |  |  | Price |  |  | Shares |  |  | Price |  |  | Shares |  |  | Price |
outstanding at beginning |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
of year |  |  | 209,475 |  |  | $ | 7.22 |  |  |  | 268,875 |  |  | $ | 6.81 |  |  |  | 498,849 |  |  | $ | 5.87 |
granted |  |  | 2,000 |  |  |  | 12.13 |  |  |  | - |  |  |  | - |  |  |  | - |  |  | - |
exercised |  |  | (23,025 | ) |  |  | 8.92 |  |  |  | (59,400 | ) |  |  | 5.50 |  |  |  | (229,974 | ) |  |  | 4.77 |
canceled/expired |  |  | (5,625 | ) |  |  | 9.37 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |
outstanding at end of year |  |  | 182,825 |  |  |  | 6.99 |  |  |  | 209,475 |  |  |  | 7.22 |  |  |  | 268,875 |  |  |  | 6.81 |
Summary of Stock Option Activity by Range of Exercise Prices |
|  |  |  |  |  | Options Outstanding |  |  |  | Options Exercisable |
|  |  | Number |  |  | Weighted-Avg. |  |  |  |  |  | Number |  |  |  |
Range of |  |  | Outstanding |  |  | Remaining |  |  | Weighted-Avg. |  |  | Exercisable |  |  | Weighted-Avg. |
Exercise Prices |  |  | at 4/28/13 |  |  | Contractual Life |  |  | Exercise Price |  |  | at 4/28/13 |  |  | Exercise Price |
$ 1.88 - $ 1.88 |  |  |  | 40,000 |  |  |  | 5.7 years |  |  |  | $1.88 |  |  |  | 32,000 |  |  |  | $1.88 |
$ 4.59 - $ 5.41 |  |  |  | 6,000 |  |  |  | 2.8 |  |  |  | $4.86 |  |  |  | 6,000 |  |  |  | $4.86 |
$ 7.08 - $ 7.27 |  |  |  | 27,125 |  |  |  | 4.4 |  |  |  | $7.12 |  |  |  | 22,125 |  |  |  | $7.13 |
$ 8.75 - $ 9.57 |  |  |  | 101,700 |  |  |  | 3.9 |  |  |  | $8.81 |  |  |  | 101,700 |  |  |  | $8.81 |
$10.11 - $ 12.13 |  |  |  | 8,000 |  |  |  | 5.7 |  |  |  | $10.62 |  |  |  | 8,000 |  |  |  | $10.62 |
|  |  |  | 182,825 |  |  |  | 4.4 |  |  |  | $6.99 |  |  |  | 169,825 |  |  |  | $7.23 |
Summary of Time Vested Restricted Stock Activity | The following table summarizes the time vested restricted stock activity for fiscal 2013, 2012, and 2011:
|  | 2013 |  |  | 2012 |  |  | 2011 |
|  | Shares |  |  | Shares |  |  | Shares |
outstanding at beginning |  |  |  |  |  |  |  |  |
of year |  |  | 185,000 |  |  |  | 195,000 |  |  |  | 195,000 |
granted |  |  | - |  |  |  | - |  |  |  | - |
vested |  |  | (61,665 | ) |  |  | (10,000 | ) |  |  | - |
outstanding at end of year |  |  | 123,335 |  |  |  | 185,000 |  |  |  | 195,000 |

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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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