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Stock Incentive and Purchase Plans (Tables)
9 Months Ended
Jan. 25, 2013
Stock Incentive and Purchase Plans [Abstract]  
Allocation Of Share Based Compensation Costs

Amounts of stock-based compensation recognized in the condensed consolidated statement of income by expense category are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Thirteen Weeks Ended

 

For the Thirty-Nine Weeks Ended

 

 

January 25,

 

January 27,

 

January 25,

 

January 27,

 

 

2013

 

2012

 

2013

 

2012

Cost of goods sold

   

$

95,940 

   

$

134,953 

 

$

402,450 

   

$

459,493 

Selling, general and administrative

 

 

1,635,373 

 

 

1,927,393 

 

 

6,096,914 

 

 

6,302,349 

Research and development

 

 

531,921 

 

 

778,998 

 

 

2,610,058 

 

 

1,669,097 

Total stock-based compensation expense

   

$

2,263,234 

 

$

2,841,344 

 

$

9,109,422 

 

$

8,430,939 

 

Amounts of stock-based compensation expense recognized in the condensed consolidated statement of income by type of arrangement are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Thirteen Weeks Ended

 

For the Thirty-Nine Weeks Ended

 

 

January 25,

 

January 27,

 

January 25,

 

January 27,

 

 

2013

 

2012

 

2013

 

2012

Stock option awards

   

$

681,541 

   

$

673,875 

 

$

2,245,928 

   

$

2,000,847 

Service-based restricted share and restricted share unit awards

 

 

970,664 

 

 

1,053,475 

 

 

3,974,127 

 

 

4,194,361 

Performance-based restricted share and restricted share unit awards

 

 

611,029 

 

 

1,113,994 

 

 

2,889,367 

 

 

2,235,731 

Total stock-based compensation expense

   

$

2,263,234 

 

$

2,841,344 

 

$

9,109,422 

 

$

8,430,939 

 

Summary Of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Thirty-Nine Weeks Ended January 25, 2013

Options

 

Number of Shares

 

Wtd. Avg. Exercise Price

 

Wtd. Avg. Remaining Contractual Term (years)

Aggregate Intrinsic Value (1)

Outstanding — at April 27, 2012

 

1,441,057 

 

$

23.75 

 

 

 

 

Granted

 

216,802 

 

 

43.34 

 

 

 

 

Exercised

 

(466,232)

 

 

24.07 

 

 

 

 

Forfeited

 

(14,131)

 

 

27.41 

 

 

 

 

Expired

 

(1,267)

 

 

36.87 

 

 

 

 

Outstanding — at January 25, 2013

 

1,176,229 

 

 

27.18 

 

6.35 

$

18,975,803 

Fully vested and exercisable — end of period

 

608,752 

 

 

23.35 

 

4.43 

 

12,260,480 

Fully vested and expected to vest — end of period (2)

 

1,142,951 

 

 

26.98 

 

6.29 

 

18,666,528 

 

Schedule Of Activity For Restricted Stock And Restricted Stock Unit Awards

Restricted Stock and Restricted Stock Unit Awards

 

The following table details the activity for service-based restricted stock and restricted stock unit awards:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Thirty-Nine Weeks Ended January 25, 2013

 

 

Number of Shares

 

Wtd. Avg. Grant Date Fair Value

Non-vested shares at April 27, 2012

   

639,033 

   

$

20.75 

Granted

 

107,636 

 

 

44.11 

Vested

 

(356,044)

 

 

16.43 

Forfeited

 

(6,292)

 

 

27.01 

Non-vested shares at January 25, 2013

   

384,333 

 

$

31.18 

 

 

 

Performance-based and Market-Based Restricted Stock and Restricted Stock Unit Awards

 

The following table details the activity for performance-based restricted stock and restricted stock unit awards and restricted stock market-based awards:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Thirty-Nine Weeks Ended January 25, 2013

 

 

Number of Shares

 

Wtd. Avg. Grant Date Fair Value

Non-vested shares at April 27, 2012

   

464,125 

   

$

25.36 

Granted

 

8,982 

 

 

50.10 

Vested

 

(76,946)

 

 

27.34 

Forfeited

 

 -

 

 

 -

Non-vested shares at January 25, 2013

   

396,161 

 

$

25.54