XML 44 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
DIVIDEND PROGRAM
12 Months Ended
May 01, 2016
Text Block [Abstract]  
DIVIDEND PROGRAM
19.      DIVIDEND PROGRAM
 
On June 15, 2016, we announced that our board of directors approved the payment of a special cash dividend of $0.21 per share and a regular quarterly cash dividend payment of $0.07 per share. These dividend payments are payable on July 15, 2016, to shareholders of record as of July 1, 2016.
 
During fiscal 2016, dividend payments totaled $8.1 million, of which $5.0 million represented a special cash dividend payment in the first quarter of $0.40 per share, and $3.1 million represented our regular quarterly cash dividend payments ranging from $0.06 to $0.07 per share.
 
During fiscal 2015, dividend payments totaled $7.6 million, of which $4.9 million represented a special cash dividend payment in the first quarter of $0.40 per share, and $2.7 million represented our regular quarterly cash dividend payments ranging from $0.05 to $0.06 per share.
 
During fiscal 2014, we paid regular quarterly cash dividends totaling $2.2 million that ranged from $0.04 to $0.05 per share.
 
Future dividend payments are subject to Board approval and may be adjusted at the Board’s discretion as business needs or market conditions change.