Share-Based Compensation Plans (Tables)

12 Months Ended

Apr. 28, 2017

The following table summarizes option-related activity for fiscal 2017:



Options	Shares Subject to Options		Weighted-Average Exercise Price
Outstanding, Beginning of Year	38,040		$	33.26
Granted	—		—
Exercised	(15,150	)	34.16
Forfeited or expired	—		—
Outstanding, End of Year	22,890		$	32.67



	Shares	Weighted-Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Options outstanding	22,890	$	32.67	1.59	$	780
Options exercisable	22,890	$	32.37	1.59	$	780

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 28, 2017, and changes during fiscal 2017 is presented below:



Restricted Stock Awards	Shares		Weighted-Average Grant Date Fair Value
Non-vested, Beginning of Year	89,655		$	40.93
Granted	—		—
Vested	(85,222	)	41.25
Forfeited	(4,433	)	34.74
Non-vested, End of Year	—		$	—



Restricted Stock Units	Shares		Weighted-Average Grant Date Fair Value
Non-vested, Beginning of Year	145,118		$	45.51
Granted	97,862		39.25
Vested	(211,743	)	43.55
Forfeited	(7,418	)	43.33
Non-vested, End of Year	23,819		$	37.91

Performance Share Units



Performance Share Units	Shares		Weighted-Average Grant Date Fair Value
Non-vested, Beginning of Year	61,746		$	54.76
Granted	142,124		34.08
Vested	(189,959	)	40.19
Forfeited	(13,911	)	42.46
Non-vested, End of Year	—		$	—

Performance Share Awards Valuation Assumptions

The weighted-average assumptions used for PSUs in the Monte Carlo simulation during fiscal 2017 were as follows:



	Fiscal 2017 PSU grants
Grant date market price	$	39.69
Fair value	$	34.08
Assumptions:
Price volatility	30.9		%
Risk-free interest rate	0.92		%
Average volatility of peer companies	36.2		%
Average correlation coefficient of peer companies	0.774