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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Apr. 27, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

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:

		2014				2013				2012
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 2014, 2013, and 2012:

		2014								2013								2012
						Weighted-								Weighted-								Weighted-
						Average								Average								Average
						Exercise								Exercise								Exercise
		Shares				Price				Shares				Price				Shares				Price
outstanding at beginning
of year			182,825			$	6.99				209,475			$	7.22				268,875			$	6.81
granted			-				-				2,000				12.13				-				-
exercised			(23,125	)			8.40				(23,025	)			8.92				(59,400	)			5.50
canceled/expired			(5,750	)			9.28				(5,625	)			9.37				-				-
outstanding at end of year			153,950				6.70				182,825				6.99				209,475				7.22

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 4/27/14				Contractual Life				Exercise Price				at 4/27/14				Exercise Price
$1.88 - $1.88			40,000				4.7	years		$	1.88				40,000			$	1.88
$4.59 - $5.41			6,000				1.8			$	4.86				6,000			$	4.86
$7.08 - $9.57			99,950				3.2			$	8.42				99,950			$	8.42
$10.11 - $12.13			8,000				4.7			$	10.62				8,000			$	10.62
			153,950				3.6			$	6.70				153,950			$	6.70

Summary of Time Vested Restricted Stock Activity

The following table summarizes the time vested restricted stock activity for fiscal 2014, 2013, and 2012:

		2014				2013				2012
		Shares				Shares				Shares
outstanding at beginning
of year			123,335				185,000				195,000
granted			-				-				-
vested			(61,667	)			(61,665	)			(10,000	)
outstanding at end of year			61,668				123,335				185,000

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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.

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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

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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

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-Name Accounting Standards Codification

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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.

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