CEO Separation Costs

12 Months Ended

Apr. 24, 2015

Postemployment Benefits [Abstract]

CEO Separation Costs

CEO Separation Costs

Effective December 14, 2014, Steven A. Davis resigned as the Chief Executive Officer and from the Company's board of directors by mutual agreement with the Company's Board of Directors. Effective January 2, 2015, Mr. Davis separated from the Company. Pursuant to his employment agreement, Mr. Davis is entitled to certain post-employment compensation and benefits subsequent to separation from the Company, which occurred as a termination without cause as defined in the contract. As a result, in the year ended April 24, 2015, the Company recognized charges of $3,688, primarily related to salary continuation to be paid over the next two years, a payout of unvested stock awards that vested immediately upon termination and other post-employment benefits. These charges are recorded within the S,G&A line in the Consolidated Statements of Net Income. As of April 24, 2015, we had remaining compensation obligations of $3,160, recorded in the accrued wages and related liabilities line of the Consolidated Balance Sheets.