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Stock-based Compensation (Tables)
12 Months Ended
Apr. 28, 2012
Summary of Stock Option Activity

Following is a summary of stock option activity for all plans during fiscal years 2012, 2011 and 2010:

 

     Total Outstanding  
     Number
of
Options
    Exercise
Price (a)
     Intrinsic
Value
 

Balance as of April 25, 2009

     1,898      $ 25.24      

Granted

     86        20.76      

Exercised

     (281     12.36      

Canceled

     (55     33.15      
  

 

 

   

 

 

    

Balance as of April 24, 2010

     1,648      $ 26.94      

Granted

     51        32.08      

Exercised

     (334     17.82      

Canceled

     (92     23.02      
  

 

 

   

 

 

    

Balance as of April 30, 2011

     1,273      $ 29.82      

Granted

     64        33.90      

Exercised

     (232     24.11      

Canceled

     (119     29.64      
  

 

 

   

 

 

    

Balance as of April 28, 2012

     986      $ 31.45       $ 4,453   
  

 

 

   

 

 

    

 

 

 

Vested or expected to vest as of April 28, 2012

     863      $ 31.15       $ 4,161   
  

 

 

   

 

 

    

 

 

 

Exercisable as of April 28, 2012

     576      $ 29.94       $ 3,479   
  

 

 

   

 

 

    

 

 

 

 

(a) Weighted-average exercise price
Summary of Non-Vested Restricted Stock Awards and Performance Unit Awards

The following tables summarize information concerning non-vested restricted stock awards and performance unit awards for fiscal years 2012, 2011 and 2010:

 

     Restricted Stock Awards  
     Shares     Weighted  Average
Grant-Date

Fair Value
 

Outstanding at April 25, 2009

     537      $ 35.77   

Granted

     451        20.35   

Vested

     (34     (36.65

Forfeitures

     (35     (29.21
  

 

 

   

 

 

 

Outstanding at April 24, 2010

     919      $ 28.42   

Granted

     406        31.91   

Vested

     (104     (33.07

Forfeitures

     (110     (28.81
  

 

 

   

 

 

 

Outstanding at April 30, 2011

     1,111      $ 29.22   

Granted

     272        34.60   

Vested

     (138     (25.45

Forfeitures

     (83     (29.25
  

 

 

   

 

 

 

Outstanding at April 28, 2012

     1,162      $ 30.92   
  

 

 

   

 

 

 

 

     Performance Unit Awards  
     Shares     Weighted  Average
Grant-Date

Fair Value
 

Outstanding at April 25, 2009

     63      $ 32.80   

Forfeitures and cancellations

     (36     (34.24
  

 

 

   

 

 

 

Outstanding at April 24, 2010

     27      $ 30.88   

Forfeitures and cancellations

     (27     (30.88
  

 

 

   

 

 

 

Outstanding at April 30, 2011

     0      $ 0   

Granted

     102        35.41   

Forfeitures and cancellations

     (6     (35.41
  

 

 

   

 

 

 

Outstanding at April 28, 2012

     96      $ 35.41   
  

 

 

   

 

 

 
Director And Employee Stock Option Plans
 
Summary of Weighted-Average Assumptions

The fair value of stock options granted was estimated as of the grant date using a Black-Scholes option-pricing model with the following weighted average assumptions during fiscal years 2012, 2011 and 2010:

 

     April 28,
2012
    April 30,
2011
    April 24,
2010
 

Expected dividend yield

     1.5     1.2     —     

Expected stock price volatility

     33.0     38.0     32.7

Risk-free interest rate

     2.5     3.6     2.7

Expected life of options (years)

     7.4        8.8        8.3   
Employee Stock Purchase Plan
 
Summary of Weighted-Average Assumptions

The following table summarizes the weighted-average assumptions relating to the Stock Purchase Plan for fiscal years 2012, 2011 and 2010:

 

     2012     2011     2010  

Expected dividend yield

     1.4     0.4     0.0

Expected stock price volatility

     31.3     31.3     29.0

Risk-free interest rate

     0.2     0.2     0.1

Expected life of options (years)

     0.5        0.5        0.5   
Capital Accumulation Plan
 
Summary of Weighted-Average Assumptions

The following table summarizes the weighted-average assumptions relating to the CAP Plan for fiscal years 2012, 2011 and 2010:

 

     2012     2011     2010  

Expected dividend yield

     1.4     0.4     0.0   

Expected stock price volatility

     31.3     31.3     29.0

Risk-free interest rate

     0.3     0.4     1.1

Expected life of options (years)

     1.0        1.0        1.0