STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Apr. 28, 2013

Schedule of Share-Based Payment Award Stock Options Valuation Assumptions

The fair value of stock options granted to an outside director at each grant date during fiscal 2013 was $5.03, using the following assumptions:

	2013			2012		2011
Risk-free interest rate		0.67	%		-		-
Dividend yield		3.00	%		-		-
Expected volatility		61.70	%		-		-
Expected term (in years)		5			-		-

Summary of Stock Option Activity

The following table summarizes stock option activity for fiscal 2013, 2012, and 2011:

				2013					2012					2011
				Weighted-					Weighted-					Weighted-
				Average					Average					Average
				Exercise					Exercise					Exercise
	Shares			Price		Shares			Price		Shares			Price
outstanding at beginning
of year		209,475		$	7.22		268,875		$	6.81		498,849		$	5.87
granted		2,000			12.13		-			-		-		-
exercised		(23,025	)		8.92		(59,400	)		5.50		(229,974	)		4.77
canceled/expired		(5,625	)		9.37		-			-		-
outstanding at end of year		182,825			6.99		209,475			7.22		268,875			6.81

Summary of Stock Option Activity by Range of Exercise Prices

			Options Outstanding				Options Exercisable
	Number		Weighted-Avg.				Number
Range of	Outstanding		Remaining		Weighted-Avg.		Exercisable		Weighted-Avg.
Exercise Prices	at 4/28/13		Contractual Life		Exercise Price		at 4/28/13		Exercise Price
$  1.88 - $ 1.88		40,000		5.7   years		$1.88		32,000		$1.88
$  4.59 - $ 5.41		6,000		2.8		$4.86		6,000		$4.86
$  7.08 - $ 7.27		27,125		4.4		$7.12		22,125		$7.13
$  8.75 - $ 9.57		101,700		3.9		$8.81		101,700		$8.81
$10.11 - $ 12.13		8,000		5.7		$10.62		8,000		$10.62
		182,825		4.4		$6.99		169,825		$7.23

Summary of Time Vested Restricted Stock Activity

The following table summarizes the time vested restricted stock activity for fiscal 2013, 2012, and 2011:

	2013			2012			2011
	Shares			Shares			Shares
outstanding at beginning
of year		185,000			195,000			195,000
granted		-			-			-
vested		(61,665	)		(10,000	)		-
outstanding at end of year		123,335			185,000			195,000