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Stock-Based Compensation (Tables)
12 Months Ended
Apr. 27, 2019
Summary of Stock Option Activity
The following table presents a summary of the Company’s stock option activity:
 
  
Number of Shares
(in thousands)
  
Weighted
Average
Exercise
Price
  
Weighted
Average
Remaining
Contractual
Term
  
Aggregate
Intrinsic
Value (in
thousands)
 
Balance, April 30, 2016
  
324
  
$
11.29
   
5.09 years
  
$
516
 
Granted
  
—  
   
0.00
         
Exercised
  
(31
  
9.91
         
Forfeited
  
(38
  
21.14
         
  
 
 
             
Balance, April 29, 2017
  
255
  
$
9.99
   
4.62 years
  
$
11
 
Granted
  
—  
   
0.00
         
Exercised
  
—  
   
0.00
         
Forfeited
  
(79
  
10.08
         
  
 
 
             
Balance, April 28, 2018
  
176
  
$
9.95
   
3.63 years
  
$
0
 
Granted
  
—  
   
0.00
         
Exercised
  
—  
   
0.00
         
Forfeited
  
—  
   
0.00
         
  
 
 
             
Balance, April 27, 2019
  
176
  
$
9.95
   
2.63 years
  
$
0
 
  
 
 
             
Vested and expected to vest in the future at April 27, 2019
  
176
  
$
9.95
   
2.63 years
  
$
0
 
Exercisable at April 27, 2019
  
176
  
$
9.95
   
2.63 years
  
$
0
 
Available for grant at April 27, 2019
  
5,347
             
Summary of Performance Based Stock Unit Activity
The following table presents a summary of the Company’s performance-based stock unit activity:
 
  
Number of Shares
(in thousands)
  
Weighted
Average Grant
Date Fair Value
 
Balance, April 30, 2016
  
151
  
$
18.41
 
Granted
  
507
   
12.48
 
Vested
  
—  
   
0.00
 
Forfeited
  
(238
  
13.55
 
  
 
 
     
Balance, April 29, 2017
  
420
  
$
14.00
 
Granted
  
706
   
7.35
 
Vested
  
—  
   
0.00
 
Forfeited
  
(117
  
12.01
 
  
 
 
     
Balance, April 28, 2018
  
1,009
  
$
9.58
 
Granted
  
632
   
5.50
 
Vested
  
(68
  
18.36
 
Forfeited
  
(535
  
8.01
 
  
 
 
     
Balance, April 27, 2019
  
1,038
  
$
7.32
 
  
 
 
     
Restricted Stock  
Summary of Other Than Option Award Activity
The following table presents a summary of the Company’s restricted stock activity:
 
  
Number of Shares
(in thousands)
  
Weighted
Average Grant
Date Fair Value
 
Balance, April 30, 2016
  
64
  
$
13.04
 
Granted
  
77
   
10.95
 
Vested
  
(64
  
13.04
 
Forfeited
  
—  
   
0.00
 
  
 
 
     
Balance, April 29, 2017
  
77
  
$
10.95
 
Granted
  
141
   
7.10
 
Vested
  
(77
  
10.95
 
Forfeited
  
—  
   
0.00
 
  
 
 
     
Balance, April 28, 2018
  
141
  
$
7.10
 
Granted
  
170
   
6.62
 
Vested
  
(141
  
7.10
 
Forfeited
  
—  
   
0.00
 
  
 
 
     
Balance, April 27, 2019
  
170
  
$
6.62
 
  
 
 
     
Restricted Stock Units (RSUs)  
Summary of Other Than Option Award Activity
The following table presents a summary of the Company’s restricted stock unit activity:
 
  
Number of Shares
(in thousands)
  
Weighted
Average Grant
Date Fair Value
 
Balance, April 30, 2016
  
1,438
  
$
13.76
 
Granted
  
547
   
12.42
 
Vested
  
(609
  
11.75
 
Forfeited
  
(826
  
14.22
 
  
 
 
     
Balance, April 29, 2017
  
550
  
$
13.96
 
Granted
  
813
   
7.17
 
Vested
  
(228
  
14.10
 
Forfeited
  
(99
  
11.39
 
  
 
 
     
Balance, April 28, 2018
  
1,036
  
$
8.85
 
Granted
  
740
   
5.65
 
Vested
  
(336
  
10.75
 
Forfeited
  
(518
  
7.33
 
  
 
 
     
Balance, April 27, 2019
  
922
  
$
6.44