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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Apr. 29, 2018
Summary of Stock Option Activity | The following tables summarize stock option activity during fiscal 2018, 2017, and 2016:
|  |  |  |  | 2018 |  |  |  |  |  | 2017 |  |  |  |  |  | 2016 |
|  | Shares |  |  | Weighted- Average Exercise Price |  |  | Shares |  |  | Weighted- Average Exercise Price |  |  | Shares |  |  | Weighted- Average Exercise Price |
outstanding at beginning of year |  |  | 15,600 |  |  | $ | 7.14 |  |  |  | 83,600 |  |  | $ | 8.37 |  |  |  | 140,100 |  |  | $ | 6.49 |
granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
exercised |  |  | (15,600 | ) |  |  | 7.14 |  |  |  | (68,000 | ) |  |  | 8.65 |  |  |  | (54,500 | ) |  |  | 3.68 |
canceled/expired |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,000 | ) |  |  | 4.59 |
outstanding at end of year |  |  | — |  |  |  | — |  |  |  | 15,600 |  |  |  | 7.14 |  |  |  | 83,600 |  |  |  | 8.37 |
Summary of Time Vested Restricted Stock Activity | The following table summarizes the time vested restricted stock activity during fiscal years 2018, 2017, and 2016:
|  | 2018 Shares |  |  | 2017 Shares |  |  | 2016 Shares |
outstanding at beginning of year |  |  | 1,200 |  |  |  | — |  |  |  | — |
granted |  |  | 1,200 |  |  |  | 1,200 |  |  |  | — |
vested |  |  | (1,200 | ) |  |  | — |  |  |  | — |
outstanding at end of year |  |  | 1,200 |  |  |  | 1,200 |  |  |  | — |
Summary of Assumptions Used to Determine Fair Value of Performance Based Restricted Stock Units | The following table provides assumptions used to determine the fair market value of the market-based total shareholder return component using the Monte Carlo simulation model on the date of grant of July 13, 2017:
Closing price of our common stock |  | $ | 32.50 |
Expected volatility of our common stock |  |  | 31.0 | %
Expected volatility of peer companies |  |  | 16.5 | %
Risk-free interest rate |  |  | 1.56 | %
Dividend yield |  |  | 1.66 | %
Correlation coefficient of peer companies |  |  | 0.46 |
Summary of Vested Performance Based Restricted Stock Units | The following table summarizes information related to our performance based restricted stock units that vested during the fiscal 2018, 2017, and 2016:
Fiscal Year |  | Common Stock Shares Vested |  |  | (3) Weighted Average Fair Value |  |  | Price Per Share |
Fiscal 2018 (1) |  |  | 102,845 |  |  | $ | 1,820 |  |  | $ | 17.70 | (4)
Fiscal 2018 (2) |  |  | 16,000 |  |  | $ | 520 |  |  | $ | 32.50 | (5)
Fiscal 2017 (1) |  |  | 37,192 |  |  | $ | 637 |  |  | $ | 17.12 | (4)
Fiscal 2017 (2) |  |  | 12,000 |  |  | $ | 345 |  |  | $ | 28.77 | (5)
Fiscal 2016 (1) |  |  | 115,855 |  |  | $ | 1,183 |  |  | $ | 10.21 | (4)
(1) | NEOs and key employees.
(2) | Non-employee
(3) | Dollar amounts are in thousands.
(4) | Price per share represents closing price of our common stock on the date of grant.
(5) | The respective grants vested during the first quarter of fiscal 2018 or 2017, respectively. Accordingly, the price per share represents the closing price of our common stock on the date the award vested.
Summary of Grants of Common Stock to Outside Directors | The following table summarizes information related to our grants of common stock to our outside directors during fiscal 2018, 2017, and 2016:
Date of Grant |  | Common Stock Awarded |  |  | (1) Price Per Share |  |  | Vesting Period |
October 2, 2017 |  |  | 4,800 |  |  | $ | 33.20 |  |  |  | Immediate |
October 3, 2016 |  |  | 4,800 |  |  | $ | 29.80 |  |  |  | Immediate |
October 1, 2015 |  |  | 3,000 |  |  | $ | 31.77 |  |  |  | Immediate |
(1) | Price per share represents closing price of our common stock on the date of grant.
NEOs and Key Employees [Member] |
Summary of Grants of Performance Based Restricted Stock Units | The following table summarizes information related to our grants of performance based restricted stock units associated with NEOs and key employees that are currently unvested:
Date of Grant |  | (3) Restricted Stock Units Awarded |  |  | Price Per Share |  |  | Vesting Period |
July 13, 2017 (1) |  |  | 78,195 |  |  | $ | 31.85 | (4) |  |  | 3 years |
July 13, 2017 (2) |  |  | 44,000 |  |  | $ | 32.50 | (5) |  |  | 3 years |
July 14, 2016 (1) (2) |  |  | 107,880 |  |  | $ | 28.00 | (5) |  |  | 3 years |
July 15, 2015 (1) (2) |  |  | 107,554 |  |  | $ | 32.23 | (5) |  |  | 3 years |
(1) | Performance-based restricted stock units awarded to NEOs.
(2) | Performance-based restricted stock units awarded to key employees.
(3) | Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements.
(4) | Price per share represents the fair market value per share ($0.98 per $1 or a reduction of $0.65 to the closing price of the our common stock) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($32.50) for the performance-based components of the performance-based restricted stock units granted to our NEOs on July 13, 2017.
(5) | Price per share represents the closing price of our common stock on the date of grant.
Non-employee [Member] |
Summary of Grants of Performance Based Restricted Stock Units | The following table summarizes information related to our grants of performance-based restricted stock units associated with a non-employee that are currently unvested:
Date of Grant |  | (1) Restricted Stock Units Awarded |  |  | Price Per Share |  |  | Vesting Period |
July 13, 2017 |  |  | 10,200 |  |  | $ | 30.10 | (2) |  |  | 3 years |
July 14, 2016 |  |  | 11,549 |  |  | $ | 30.10 | (2) |  |  | 3 years |
July 15, 2015 |  |  | 10,364 |  |  | $ | 30.10 | (2) |  |  | 3 years |
(1) | Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements.
(2) | The respective grant was unvested at the end of our reporting period. Accordingly, the price per share represents the closing price of our common stock on April 29, 2018, the end of our reporting period.
Time Vested Restricted Stock Awards [Member] | Management [Member] |
Summary of Grants of Time-Based Restricted Stock Awards | The following table summarizes information related to our grants of time-based restricted stock awards associated with a key member of management during fiscal years 2018 and 2017:
Date of Grant |  | (1) Restricted Stock Awarded |  |  | (2) Price Per Share |  |  | Vesting Period |
July 13, 2017 |  |  | 1,200 |  |  | $ | 32.50 |  |  |  | 11 months |
June 14, 2016 |  |  | 1,200 |  |  | $ | 28.00 |  |  |  | 11 months |

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