Stock-Based Compensation (Tables)

12 Months Ended

Apr. 27, 2019

Stock-Based Compensation

Summary of total stock-based compensation expense

	(52 weeks)		(52 weeks)		(52 weeks)
(Amounts in thousands)	4/27/2019		4/28/2018		4/29/2017
Equity-based awards expense	$	10,981	$	9,474	$	8,864
Liability-based awards expense		339		405		1,687
Total stock-based compensation expense	$	11,320	$	9,879	$	10,551

Schedule of plan activity for stock options

				Weighted
		Weighted		Average
	Number of	Average		Remaining	Aggregate
	Shares	Exercise		Contractual	Intrinsic Value
	(In Thousands)	Price		Term (Years)	(In Thousands)
Outstanding at April 28, 2018	1,837	$	24.18	7.4	$	9,407
Granted	423		33.15
Canceled	(58)		30.44
Exercised	(761)		21.28		$	9,933
Outstanding at April 27, 2019	1,441	$	28.09	7.7	$	6,557
Exercisable at April 27, 2019	516	$	25.78	6.8	$	3,450

Fair value assumptions for stock options

	Fiscal 2019			Fiscal 2018			Fiscal 2017
	Grant			Grant			Grant
Risk-free interest rate		2.82	%		1.84	%		1.30	%
Dividend rate		1.45	%		1.61	%		1.54	%
Expected life in years		5.0			5.0			5.0
Stock price volatility		33.07	%		32.12	%		38.87	%
Fair value per share	$	9.65		$	7.16		$	7.99

Summary of information about non-vested share awards

		Weighted Average
	Shares	Grant Date
	(In Thousands)	Fair Value
Non-vested shares at April 28, 2018	233	$	26.56
Granted	113		32.78
Vested	(89)		26.03
Canceled	(10)		27.92
Non-vested shares at April 27, 2019	247	$	29.55

Summary of information about performance-based shares outstanding

		Weighted Average
	Shares	Grant Date
	(In Thousands)	Fair Value
Outstanding shares at April 28, 2018	541	$	25.52
Granted	292		31.71
Vested	(139)		25.73
Unearned or cancelled	(171)		27.05
Outstanding shares at April 27, 2019	523	$	28.43

Schedule of equity-based compensation expenses related to performance-based shares

	(52 weeks)		(52 weeks)		(52 weeks)
(Amounts in thousands)	4/27/2019		4/28/2018		4/29/2017
Fiscal 2015 grant	$	—	$	—	$	675
Fiscal 2016 grant		—		1,052		1,284
Fiscal 2017 grant		1,044		455		1,109
Fiscal 2018 grant		1,402		887		—
Fiscal 2019 grant		1,774		—		—
Total expense	$	4,220	$	2,394	$	3,068