Stock-Based Compensation (Tables)

9 Months Ended

Jan. 25, 2020

Share-based Payment Arrangement [Abstract]

Summary of total stock-based compensation expense

The table below summarizes the total stock-based compensation expense we recognized for all outstanding grants in our consolidated statement of income:

	Quarter Ended					Nine Months Ended
(Unaudited, amounts in thousands)	01/25/20			01/26/19		01/25/20		01/26/19
Equity-based awards expense	$	2,528		$	2,495	$	7,235	$	8,174
Liability-based awards expense	(303		)	144		37		10
Total stock-based compensation expense	$	2,225		$	2,639	$	7,272	$	8,184

Fair value assumptions for stock options

We calculated the fair value of stock options granted during the first quarter of fiscal 2020 using the following assumptions:

(Unaudited)	Fiscal 2020 grant
Risk-free interest rate	2.19		%
Dividend rate	1.72		%
Expected life in years	5.0
Stock price volatility	34.27		%
Fair value per share	$	7.94