Shareholders' Equity

12 Months Ended

Apr. 27, 2012

Stockholders Equity Note [Abstract]

Stockholders Equity

12. Shareholders' Equity

Repurchase of Common Stock Shares are repurchased from time to time to support the Company's stock-based compensation programs and to return capital to shareholders. In June 2009 and June 2011, the Company's Board of Directors authorized the repurchase of 60 million and75million shares of the Company's common stock, respectively. The Company repurchased approximately 37.3 million and30.1 million shares at an average price of$38.64 and$37.86, respectively, during fiscal years 2012 and2011. As of April 27, 2012, the Company had used the entire amount authorized under the June 2009 repurchase program and 16.6 million of the 75.0 million shares authorized under the June 2011 repurchase program, leaving58.4 million shares available for future repurchases. The Company accounts for repurchases of common stock using the par value method and shares repurchased are cancelled.