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COMMON STOCK REPURCHASE PROGRAM

12 Months Ended

Apr. 28, 2019

Text Block [Abstract]

COMMON STOCK REPURCHASE PROGRAM

 23. COMMON STOCK REPURCHASE PROGRAM

On June 15, 2016, we announced that our board of directors approved an authorization for us to acquire up to $5.0 million of our common stock. Under the common stock repurchase program, shares may be purchased from time to time in open market transactions, block trades, through plans established under the Securities Exchange Act Rule 10b5-1, or otherwise. The amount of shares purchased and the timing of such purchases will be based on working capital requirements, market and general business conditions, and other factors including alternative investment opportunities.

During fiscal 2019, we purchased 160,823 shares of our common stock at a cost of $3.3 million. During fiscal 2018 and 2017, we did not purchase any shares of our common stock.

At April 28, 2019, we had $1.7 million available for additional repurchases of our common stock.

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- Definition

The entire disclosure about the entity's share repurchase program authorized by its board of directors, which may include the amount authorized, the number of shares repurchased, and the cost of the shares repurchased.

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