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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
May. 03, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-Based Payment Award Stock Options Valuation Assumptions

The fair value of stock options granted to an outside director during fiscal 2013 was $5.03, using the following assumptions:
 
   
2015
   
2014
   
2013
 
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 2015, 2014, and 2013:
 
          2015            2014            2013   
         
Weighted-
Average
Exercise
           Weighted-
Average
Exercise
           Weighted-
Average
Exercise
 
   
Shares
   
Price
   
Shares
   
Price
   
Shares
   
Price
 
outstanding at beginning
                                   
of year
    153,950     $ 6.70       182,825     $ 6.99       209,475     $ 7.22  
granted
    -       -       -       -       2,000       12.13  
exercised
    (10,100 )     9.31       (23,125 )     8.40       (23,025 )     8.92  
canceled/expired
    (3,750 )     7.27       (5,750 )     9.28       (5,625 )     9.37  
outstanding at end of year
    140,100       6.49       153,950       6.70       182,825       6.99  
 
Summary of Stock Option Activity by Range of Exercise Prices

 
     
Options Outstanding
   
Options Exercisable
Range of
Exercise Prices
   
Number
Outstanding
at 5/03/15
   
Weighted-Avg.
Remaining
Contractual Life
 
Weighted-Avg.
Exercise Price
   
Number
Exercisable
at 5/03/15
   
Weighted-Avg.
Exercise Price
$ 1.88 - $ 1.88       40,000       3.7 years    $ 1.88       40,000     $ 1.88  
$ 4.59 - $ 5.41       6,000       0.8     $ 4.86       6,000     $ 4.86  
$ 7.08 - $ 9.57       92,100       2.3     $ 8.48       92,100     $ 8.48  
$ 10.11 - $12.13       2,000       7.4     $ 12.13       2,000     $ 12.13  
          140,100       2.7     $ 6.49       140,100     $ 6.49  
 
Summary of Time Vested Restricted Stock Activity

The following table summarizes the time vested restricted stock activity for fiscal 2015, 2014, and 2013:
 
 
2015
Shares
2014
Shares
2013
Shares
outstanding at beginning
   of year
 
61,668
 
123,335
 
185,000
granted  - - -
vested
(61,668)
(61,667)
(61,665)
outstanding at end of year
-
61,668
123,335