Share-Based Compensation Plans (Tables)

12 Months Ended

Apr. 29, 2016

The following table summarizes option-related activity for fiscal 2016:



Options	Shares Subject to Options		Weighted-Average Exercise Price
Outstanding, Beginning of Year	48,032		$	31.79
Granted	—		—
Exercised	(9,585	)	26.32
Forfeited or expired	(407	)	23.22
Outstanding, End of Year	38,040		$	33.26



	Shares	Weighted-Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Options outstanding	38,040	$	33.26	2.38	$	467
Options exercisable	38,040	$	33.26	2.38	$	467

Restricted Stock Units and Awards Activity

A summary of the status of our non-vested restricted stock awards and restricted stock units as of April 29, 2016, and changes during fiscal 2016 is presented below:



Restricted Stock Awards	Shares		Weighted-Average Grant Date Fair Value
Non-vested, Beginning of Year	155,949		$	41.39
Granted	12,078		46.63
Vested	(66,573	)	43.95
Forfeited	(11,799	)	35.76
Non-vested, End of Year	89,655		$	40.93



Restricted Stock Units	Shares		Weighted-Average Grant Date Fair Value
Non-vested, Beginning of Year	88,867		$	45.40
Granted	119,291		46.34
Vested	(57,059	)	46.89
Forfeited	(5,981	)	47.38
Non-vested, End of Year	145,118		$	45.51

Performance Share Award Outstanding Values

Performance Share Units



Performance Share Units	Shares		Weighted-Average Grant Date Fair Value
Non-vested, Beginning of Year	—		$	—
Granted	70,270		54.76
Vested	—		—
Forfeited	(8,524	)	54.76
Non-vested, End of Year	61,746		$	54.76

Performance Share Awards Valuation Assumptions

The weighted-average assumptions used for PSUs in the Monte Carlo simulation during fiscal 2016 was as follows:



	Fiscal 2016 PSU grants
Grant date market price	$	48.95
Fair value	$	54.76
Assumptions:
Price volatility	29.4		%
Risk-free interest rate	1.03		%
Average volatility of peer companies	32.6		%
Average correlation coefficient of peer companies	0.846