National Beverage (FIZZ) 10-K 16 Jul 15 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	May. 02, 2015	Jul. 10, 2015	Oct. 31, 2014
Entity Registrant Name	National Beverage Corp.
Entity Central Index Key	69,891
Current Fiscal Year End Date	--05-02
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		46,398,035
Entity Public Float			$ 288.1
Document Type	10-K
Document Period End Date	May 2, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	May. 02, 2015	May. 03, 2014
Series C Preferred Stock [Member]
Shareholders' equity:
Preferred stock, value	$ 150	$ 150
Treasury stock, value	(5,100)	(5,100)
Common Treasury Stock [Member]
Shareholders' equity:
Treasury stock, value	(12,900)	(12,900)
Cash and equivalents	52,456	29,932
Trade receivables - net	59,951	58,205
Inventories	42,924	43,914
Deferred income taxes net	4,348	2,685
Prepaid and other assets	8,050	8,405
Total current assets	167,729	143,141
Property, plant and equipment - net	60,182	59,494
Goodwill	13,145	13,145
Intangible assets	1,615	1,615
Other assets	5,079	5,446
Total assets	247,750	222,841
Accounts payable	44,896	45,606
Accrued liabilities	21,257	18,873
Income taxes payable	98	44
Total current liabilities	66,251	64,523
Long-term debt	10,000	30,000
Noncurrent deferred tax liabilities – net	15,245	13,873
Other liabilities	8,472	8,244
Preferred stock, value	120	240
Common stock, $.01 par value - 75,000,000 shares authorized; 50,418,019 shares (2015) and 50,367,799 shares (2014) issued	504	504
Additional paid-in capital	37,759	42,775
Retained earnings	129,773	80,737
Accumulated other comprehensive loss	(2,524)	(205)
Total shareholders' equity	147,782	106,201
Total liabilities and shareholders' equity	$ 247,750	$ 222,841

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	May. 02, 2015	May. 03, 2014
Series C Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares issued (in shares)	150,000	150,000
Treasury stock, shares (in shares)	150,000	150,000
Series D Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares issued (in shares)	120,000	240,000
Preferred stock, aggregate liquidation preference	$ 6	$ 12
Common Treasury Stock [Member]
Treasury stock, shares (in shares)	4,032,784	4,032,784
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	50,418,019	50,367,799

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Net sales	$ 645,825	$ 641,135	$ 662,007
Cost of sales	426,685	423,480	444,757
Gross profit	219,140	217,655	217,250
Selling, general and administrative expenses	145,157	153,220	146,223
Interest expense	371	660	403
Other (income) expense - net	(1,101)	666	173
Income before income taxes	74,713	63,109	70,451
Provision for income taxes	25,402	19,474	23,531
Net income	49,311	43,635	46,920
Less preferred dividends and accretion	(275)	(726)	(153)
Earnings available to common shareholders	$ 49,036	$ 42,909	$ 46,767
Earnings per common share:
Earnings per common share – basic (in dollars per share)	$ 1.06	$ 0.93	$ 1.01
Earnings per common share – diluted (in dollars per share)	$ 1.05	$ 0.92	$ 1.01
Weighted average common shares outstanding:
Basic (in shares)	46,353	46,331	46,310
Diluted (in shares)	46,559	46,519	46,482

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Net income	$ 49,311	$ 43,635	$ 46,920
Other comprehensive income (loss), net of tax:
Cash flow hedges	(2,350)	610	(295)
Other	31	149	(27)
Total	(2,319)	759	(322)
Comprehensive income	$ 46,992	$ 44,394	$ 46,598

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Series C Preferred Stock [Member]Preferred Stock [Member]	Series C Preferred Stock [Member]Treasury Stock [Member]	Series D Preferred Stock [Member]Preferred Stock [Member]	Common Treasury Stock [Member]Treasury Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning and end of year (in shares) at Apr. 27, 2013	150,000	150,000	400,000	4,033,000	50,362,000
Beginning and end of year at Apr. 27, 2013	$ 150	$ (5,100)	$ 400	$ (12,900)	$ 504	$ 50,398	$ 37,828	$ (964)	$ 70,316
Beginning of year (in shares) at Apr. 27, 2012					50,322,000
Beginning of year at Apr. 27, 2012					$ 503	30,425	109,200	(642)
Series D preferred (redeemed) issued (in shares)			400,000
Series D preferred (redeemed) issued			$ 400			19,304
Stock options exercised (in shares)					40,000
Stock options exercised					$ 1	238
Stock-based compensation						230
Other						201
Net income							46,920
Common stock dividends							(118,139)
Preferred stock dividends & accretion							(153)
Cash flow hedges								(295)
Other								(27)
Beginning and end of year (in shares) at May. 03, 2014	150,000	150,000	240,000	4,033,000	50,368,000
Beginning and end of year at May. 03, 2014	$ 150	$ (5,100)	$ 240	$ (12,900)	$ 504	42,775	80,737	(205)	106,201
Beginning of year (in shares) at Apr. 27, 2013	150,000	150,000	400,000	4,033,000	50,362,000
Beginning of year at Apr. 27, 2013	$ 150	$ (5,100)	$ 400	$ (12,900)	$ 504	50,398	37,828	(964)	70,316
Series D preferred (redeemed) issued (in shares)			(160,000)
Series D preferred (redeemed) issued			$ (160)			(7,722)
Stock options exercised (in shares)					6,000
Stock options exercised						47
Stock-based compensation						95
Other						(43)
Net income							$ 43,635		43,635
Common stock dividends
Preferred stock dividends & accretion							$ (726)
Cash flow hedges								610	610
Other								149	149
Beginning and end of year (in shares) at May. 02, 2015	150,000	150,000	120,000	4,033,000	50,418,000
Beginning and end of year at May. 02, 2015	$ 150	$ (5,100)	$ 120	$ (12,900)	$ 504	37,759	129,773	(2,524)	147,782
Beginning of year (in shares) at May. 03, 2014	150,000	150,000	240,000	4,033,000	50,368,000
Beginning of year at May. 03, 2014	$ 150	$ (5,100)	$ 240	$ (12,900)	$ 504	42,775	80,737	(205)	$ 106,201
Series D preferred (redeemed) issued (in shares)			(120,000)
Series D preferred (redeemed) issued			$ (120)			(5,791)
Stock options exercised (in shares)					50,000				50,220
Stock options exercised						228
Stock-based compensation						307
Other						$ 240
Net income							$ 49,311		$ 49,311
Common stock dividends
Preferred stock dividends & accretion							$ (275)
Cash flow hedges								(2,350)	(2,350)
Other								$ 31	$ 31

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Operating Activities:
Net income	$ 49,311,000	$ 43,635,000	$ 46,920,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	11,580,000	11,708,000	11,002,000
Deferred income tax provision	1,076,000	79,000	172,000
(Gain) loss on disposal of property, net	(1,188,000)	51,000	63,000
Stock-based compensation	307,000	95,000	230,000
Changes in assets and liabilities:
Trade receivables	(1,746,000)	5,864,000	(2,478,000)
Inventories	990,000	(4,680,000)	1,628,000
Prepaid and other assets	(605,000)	(2,548,000)	(2,466,000)
Accounts payable	(710,000)	1,345,000	(10,614,000)
Accrued and other liabilities	(995,000)	(3,167,000)	(4,193,000)
Net cash provided by operating activities	58,020,000	52,382,000	40,264,000
Investing Activities:
Additions to property, plant and equipment	(11,630,000)	(12,124,000)	(9,693,000)
Proceeds from sale of property, plant and equipment	1,905,000	62,000	77,000
Net cash used in investing activities	$ (9,725,000)	$ (12,062,000)	(9,616,000)
Financing Activities:
Dividends paid on common stock			(118,139,000)
Dividends paid on preferred stock	$ (239,000)	$ (659,000)	(12,000)
(Repayments) borrowings under credit facilities, net	(20,000,000)	(20,000,000)	50,000,000
(Redemption) issuance of preferred stock	(6,000,000)	(8,000,000)	19,704,000
Proceeds from stock options exercised	228,000	47,000	239,000
Other	240,000	(43,000)	201,000
Net cash used in financing activities	(25,771,000)	(28,655,000)	(48,007,000)
Net Increase (Decrease) in Cash and Equivalents	22,524,000	11,665,000	(17,359,000)
Cash and Equivalents - Beginning of Year	29,932,000	18,267,000	35,626,000
Cash and Equivalents - End of Year	52,456,000	29,932,000	18,267,000
Other Cash Flow Information:
Interest paid	380,000	723,000	341,000
Income taxes paid	$ 24,745,000	$ 23,079,000	$ 24,327,000

Note 1 - Significant Accounting

Note 1 - Significant Accounting Policies	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. significant accounting policies Basis of Presentation The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and rules and regulations of the Securities and Exchange Commission. The consolidated financial statements include the accounts of National Beverage Corp. and all subsidiaries. All significant intercompany transactions and accounts have been eliminated. Our fiscal year ends the Saturday closest to April 30 and, as a result, an additional week is added every five or six years. Fiscal 2015 and Fiscal 2013 consisted of 52 weeks while Fiscal 2014 consisted of 53 weeks. Cash and Equivalents Cash and equivalents are comprised of cash and highly liquid securities (consisting primarily of short-term money-market investments) with an original maturity of three months or less. Derivative Financial Instruments We use derivative financial instruments to partially mitigate our exposure to changes in raw material costs. All derivative financial instruments are recorded at fair value in our Consolidated Balance Sheets. We do not use derivative financial instruments for trading or speculative purposes. Credit risk related to derivative financial instruments is managed by requiring high credit standards for counterparties and frequent cash settlements. See Note 6. Earnings Per Common Share Basic earnings per common share is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated in a similar manner, but includes the dilutive effect of stock options amounting to 206,000 shares in Fiscal 2015, 188,000 shares in Fiscal 2014 and 172,000 shares in Fiscal 2013. Fair Value The fair value of long-term debt approximates its carrying value due to its variable interest rate and lack of prepayment penalty. The estimated fair values of derivative financial instruments are calculated based on market rates to settle the instruments. These values represent the estimated amounts we would receive upon sale, taking into consideration current market prices and credit worthiness. See Note 6. Impairment of Long-Lived Assets All long-lived assets, excluding goodwill and intangible assets not subject to amortization, are evaluated for impairment on the basis of undiscounted cash flows whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impaired asset is written down to its estimated fair value based on the best information available. Estimated fair value is generally measured by discounting future cash flows. Goodwill and intangible assets not subject to amortization are evaluated for impairment annually or sooner if we believe such assets may be impaired. An impairment loss is recognized if the carrying amount or, for goodwill, the carrying amount of its reporting unit, is greater than its fair value. Income Taxes Our effective income tax rate is based on estimates of taxes which will ultimately be payable. Deferred taxes are recorded to give recognition to temporary differences between the tax bases of assets or liabilities and their reported amounts in the financial statements. Valuation allowances are established to reduce the carrying amounts of deferred tax assets when it is deemed, more likely than not, that the benefit of deferred tax assets will not be realized. Insurance Programs We maintain self-insured and deductible programs for certain liability, medical and workers’ compensation exposures. Accordingly, we accrue for known claims and estimated incurred but not reported claims not otherwise covered by insurance based on actuarial assumptions and historical claims experience. At May 2, 2015 and May 3, 2014, other liabilities included accruals of $5.9 million and $6.1 million, respectively, for estimated non-current risk retention exposures, of which $4.7 million and $5.1 million were covered by insurance. Intangible Assets Intangible assets as of May 2, 2015 and May 3, 2014 consisted of non-amortizable trademarks. Inventories Inventories are stated at the lower of first-in, first-out cost or market. Inventories at May 2, 2015 were comprised of finished goods of $24.9 million and raw materials of $18.0 million. Inventories at May 3, 2014 were comprised of finished goods of $27.2 million and raw materials of $16.7 million. Marketing Costs We are involved in a variety of marketing programs, including cooperative advertising programs with customers, to advertise and promote our products to consumers. Marketing costs are expensed when incurred, except for prepaid advertising and production costs which are expensed when the advertising takes place. Marketing costs, which are included in selling, general and administrative expenses, totaled $42.4 million in Fiscal 2015, $50.2 million in Fiscal 2014 and $44.6 million in Fiscal 2013. New Accounting Pronouncement In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 requires an entity to recognize revenue in an amount that reflects the consideration to which the entity expects to receive in exchange for goods or services. ASU 2014-09 is effective for our fiscal year beginning April 30, 2017. We are currently evaluating the potential impact of adopting this guidance on our consolidated financial statements. Property, Plant and Equipment Property, plant and equipment are recorded at cost. Additions, replacements and betterments are capitalized, while maintenance and repairs that do not extend the useful life of an asset are expensed as incurred. Depreciation is recorded using the straight-line method over estimated useful lives of 7 to 30 years for buildings and improvements and 3 to 15 years for machinery and equipment. Leasehold improvements are amortized using the straight-line method over the shorter of the remaining lease term or the estimated useful life of the improvement. When assets are retired or otherwise disposed, the cost and accumulated depreciation are removed from the respective accounts and any related gain or loss is recognized. Revenue Recognition Revenue from product sales is recognized when title and risk of loss pass to the customer, which generally occurs upon delivery. Our policy is not to allow the return of products once they have been accepted by the customer. However, on occasion, we have accepted returns or issued credit to customers, primarily for damaged goods. The amounts have been immaterial and, accordingly, we do not provide a specific valuation allowance for sales returns. Sales Incentives We offer various sales incentive arrangements to our customers that require customer performance or achievement of certain sales volume targets. When the incentive is paid in advance, we amortize the amount paid over the period of benefit or contractual sales volume; otherwise, we accrue the expected amount to be paid over the period of benefit or expected sales volume. The recognition of these incentives involves the use of judgment related to performance and sales volume estimates that are made based on historical experience and other factors. Sales incentives are accounted for as a reduction of sales and actual amounts ultimately realized may vary from accrued amounts. Segment Reporting We operate as a single operating segment for purposes of presenting financial information and evaluating performance. As such, the accompanying consolidated financial statements present financial information in a format that is consistent with the internal financial information used by management. We do not accumulate revenues by product classification and, therefore, it is impractical to present such information. Shipping and Handling Costs Shipping and handling costs are reported in selling, general and administrative expenses in the accompanying consolidated statements of income. Such costs aggregated $44.4 million in Fiscal 2015 and Fiscal 2014 and $44.2 million in Fiscal 2013. Although our classification is consistent with many beverage companies, our gross margin may not be comparable to companies that include shipping and handling costs in cost of sales. Stock-Based Compensation Compensation expense for stock-based compensation awards is recognized over the vesting period based on the grant-date fair value estimated using the Black-Scholes model. See Note 8. Trade Receivables We record trade receivables at net realizable value, which includes an appropriate allowance for doubtful accounts. We extend credit based on an evaluation of each customer’s financial condition, generally without requiring collateral. Exposure to credit losses varies by customer principally due to the financial condition of each customer. We monitor our exposure to credit losses and maintain allowances for anticipated losses based on specific customer circumstances, credit conditions and historical write-offs. Activity in the allowance for doubtful accounts was as follows: (In thousands) Fiscal 2015 Fiscal 2014 Fiscal 2013 Balance at beginning of year $ 399 $ 454 $ 399 Net charge to expense 117 95 96 Net charge-off (186 ) (150 ) (41 ) Balance at end of year $ 330 $ 399 $ 454 As of May 2, 2015 and May 3, 2014, we did not have any customer that comprised more than 10% of trade receivables. No one customer accounted for more than 10% of net sales during any of the last three fiscal years. Use of Estimates The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and anticipated future actions, actual results may vary from reported amounts.

Note 2 - Property, Plant and Eq

Note 2 - Property, Plant and Equipment	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	2. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment as of May 2, 2015 and May 3, 2014 consisted of the following: (In thousands) 2015 2014 Land $ 9,500 $ 9,779 Buildings and improvements 50,405 51,494 Machinery and equipment 156,702 148,699 Total 216,607 209,972 Less accumulated depreciation (156,425 ) (150,478 ) Property, plant and equipment – net $ 60,182 $ 59,494 Depreciation expense was $10.2 million for Fiscal 2015, $9.8 million for Fiscal 2014 and $9.0 million for Fiscal 2013.

Note 3 - Accrued Liabilities

Note 3 - Accrued Liabilities	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	3. ACCRUED LIABILITIES Accrued liabilities as of May 2, 2015 and May 3, 2014 consisted of the following: (In thousands) 2015 2014 Accrued compensation $ 7,473 $ 7,049 Accrued promotions 3,801 3,812 Accrued insurance 1,651 2,238 Other 8,332 5,774 Total $ 21,257 $ 18,873

Note 4 - Debt

Note 4 - Debt	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Debt Disclosure [Text Block]	4. DEBT At May 2, 2015, a subsidiary of the Company maintained unsecured revolving credit facilities with banks aggregating $100 million (the “Credit Facilities”). The Credit Facilities expire from October 10, 2017 to June 18, 2018 and current borrowings bear interest at .9% above one-month LIBOR (1.0% at May 2, 2015). Borrowings outstanding under the Credit Facilities were $10 million at May 2, 2015 and $30 million at May 3, 2014. At May 2, 2015, $2.2 million of the Credit Facilities were reserved for standby letters of credit and $87.8 million were available for borrowings. The Credit Facilities require the subsidiary to maintain certain financial ratios, principally debt to net worth and debt to EBITDA (as defined in the Credit Facilities), and contain other restrictions, none of which are expected to have a material effect on our operations or financial position. At May 2, 2015, we were in compliance with all loan covenants.

Note 5 - Capital Stock and Tran

Note 5 - Capital Stock and Transactions with Related Parties	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	5. CAPITAL STOCK AND TRANSACTIONS WITH RELATED PARTIES The Company paid special cash dividends on common stock of $118.1 million ($2.55 per share) on December 27, 2012. On January 25, 2013, the Company sold 400,000 shares of Special Series D Preferred Stock, par value $1 per share (“Series D Preferred”) for an aggregate purchase price of $20 million. Series D Preferred has a liquidation preference of $50 per share and accrues dividends on this amount at an annual rate of 3% through April 30, 2014 and, thereafter, at an annual rate equal to 370 basis points above the 3-Month LIBOR. Dividends are cumulative and payable quarterly. Accrued dividends at May 2, 2015 and May 3, 2014 were $37,000 and $90,000, respectively. The Series D Preferred is nonvoting and redeemable at the option of the Company beginning May 1, 2014 at $50 per share. The net proceeds of $19.7 million were used to repay borrowings under the Credit Facilities. In addition, the Company has 150,000 shares of Series C Preferred Stock, par value $1 per share, which are held as treasury stock and, therefore, such shares have no liquidation value. On May 2, 2014, the Company redeemed 160,000 shares of Series D Preferred, representing 40% of the amount outstanding, for an aggregate price of $8 million plus accrued dividends. In connection therewith, the Company accreted and charged to retained earnings $118,000 of original issuance costs, which was deducted from income available to common shareholders for earnings per share calculation. In conjunction with the partial redemption, the annual dividend rate on the outstanding Series D Preferred was reduced to 2.5% for the twelve month period beginning May 1, 2014. In evaluating the impact of the rate change, the Company determined that the related fair value change was immaterial and that no adjustment was required. On August 1, 2014, the Company redeemed 120,000 shares of Series D Preferred, representing 50% of the amount outstanding, for an aggregate price of $6 million plus accrued dividends. In connection therewith, the Company accreted and charged to retained earnings $89,000 of original issuance costs, which was deducted from income available to common shareholders for earnings per share calculation. On May 1, 2015, the Company and the holders of the Series D Preferred agreed to extend the 2.5% annual dividend rate on the outstanding Series D Preferred through April 30, 2016. In evaluating the impact of the rate change, the Company determined that the related fair value change was immaterial and that no adjustment was required. In April 2012, the Board of Directors authorized an increase in the Company’s Stock Buyback Program from 800,000 to 1.6 million shares of common stock. As of May 2, 2015, 502,060 shares were purchased under the program and 1,097,940 shares were available for purchase. There were no shares purchased during the last three fiscal years. The Company is a party to a management agreement with Corporate Management Advisors, Inc. (“CMA”), a corporation owned by our Chairman and Chief Executive Officer. This agreement was originated in 1991 for the efficient use of management of two public companies at the time. In 1994, one of those public entities, through a merger, no longer was managed in this manner. Under the terms of the agreement, CMA provides, subject to the direction and supervision of the Board of Directors of the Company, (i) senior corporate functions (including supervision of the Company’s financial, legal, executive recruitment, internal audit and management information systems departments) as well as the services of a Chief Executive Officer and Chief Financial Officer, and (ii) services in connection with acquisitions, dispositions and financings by the Company, including identifying and profiling acquisition candidates, negotiating and structuring potential transactions and arranging financing for any such transaction. CMA, through its personnel, also provides, to the extent possible, the stimulus and creativity to develop an innovative and dynamic persona for the Company, its products and corporate image. In order to fulfill its obligations under the management agreement, CMA employs numerous individuals, whom, acting as a unit, provide management, administrative and creative functions for the Company. The management agreement provides that the Company will pay CMA an annual base fee equal to one percent of the consolidated net sales of the Company, and further provides that the Compensation and Stock Option Committee and the Board of Directors may from time to time award additional incentive compensation to CMA. The Board of Directors on numerous occasions contemplated incentive compensation and, while shareholder value has increased over 2,000% since the inception of this agreement, no incentive compensation has been paid. We incurred management fees to CMA of $6.5 million for Fiscal 2015, $6.4 million for Fiscal 2014 and $6.6 million for Fiscal 2013. Included in accounts payable were amounts due CMA of $1.6 million at May 2, 2015 and at May 3, 2014.

Note 6 - Derivative Financial I

Note 6 - Derivative Financial Instruments	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	6. DERIVATIVE FINANCIAL INSTRUMENTS From time to time, we enter into aluminum swap contracts to partially mitigate our exposure to changes in the cost of aluminum cans. Such financial instruments are designated and accounted for as a cash flow hedge. Accordingly, gains or losses attributable to the effective portion of the cash flow hedge are reported in Accumulated Other Comprehensive Income (Loss) (“AOCI”) and reclassified into earnings through cost of sales in the period in which the hedged transaction affects earnings. The ineffective portion of the change in fair value of our cash flow hedge was immaterial. The following summarizes the gains (losses) recognized in the Consolidated Statements of Income and AOCI relative to the cash flow hedge for Fiscal 2015, Fiscal 2014 and Fiscal 2013: (In thousands) Fiscal Fiscal Fiscal 2015 2014 2013 Recognized in AOCI- Loss before income taxes $ (3,488 ) $ (1,059 ) $ (2,521 ) Less income tax benefit (1,294 ) (393 ) (935 ) Net (2,194 ) (666 ) (1,586 ) Reclassified from AOCI to cost of sales- Gain (loss) before income taxes 248 (2,028 ) (2,060 ) Less income tax provision (benefit) 92 (752 ) (769 ) Net 156 (1,276 ) (1,291 ) Net change to AOCI $ (2,350 ) $ 610 $ (295 ) As of May 2, 2015, the notional amount of our outstanding aluminum swap contracts was $38.0 million and, assuming no change in the commodity prices, $3.0 million of unrealized loss before tax will be reclassified from AOCI and recognized in earnings over the next 12 months. See Note 1. As of May 2, 2015, the fair value of the derivative liability and derivative long-term liability was $3.0 million and $751,000, which was included in accrued liabilities and other liabilities, respectively. As of May 3, 2014, the fair value of the derivative asset was $5,000, which was included in prepaid and other assets. Such valuation does not entail a significant amount of judgment and the inputs that are significant to the fair value measurement are Level 2 as defined by the fair value hierarchy as they are observable market based inputs or unobservable inputs that are corroborated by market data.

Note 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7. INCOME TAXES The provision for income taxes consisted of the following: (In thousands) Fiscal Fiscal Fiscal 2015 2014 2013 Current $ 24,326 $ 19,395 $ 23,359 Deferred 1,076 79 172 Total $ 25,402 $ 19,474 $ 23,531 Deferred taxes are recorded to give recognition to temporary differences between the tax bases of assets or liabilities and their reported amounts in the financial statements. Valuation allowances are established to reduce the carrying amounts of deferred tax assets when it is deemed more likely than not that the benefit of deferred tax assets will not be realized. Deferred tax assets and liabilities as of May 2, 2015 and May 3, 2014 consisted of the following: (In thousands) 2015 2014 Deferred tax assets: Accrued expenses and other $ 5,281 $ 4,126 Inventory and amortizable assets 417 400 Total deferred tax assets 5,698 4,526 Deferred tax liabilities: Property 16,497 15,616 Intangibles and other 98 98 Total deferred tax liabilities 16,595 15,714 Net deferred tax liabilities $ 10,897 $ 11,188 Current deferred tax assets – net $ 4,348 $ 2,685 Noncurrent deferred tax liabilities – net $ 15,245 $ 13,873 The reconciliation of the statutory federal income tax rate to our effective tax rate is as follows: Fiscal Fiscal Fiscal 2015 2014 2013 Statutory federal income tax rate 35.0 % 35.0 % 35.0 % State income taxes, net of federal benefit 2.3 2.3 1.6 Manufacturing deduction benefit (3.0 ) (3.0 ) (3.1 ) Adjustment of unrecognized tax benefit (.2 ) (3.3 ) (.2 ) Other differences (.1 ) (.1 ) .1 Effective income tax rate 34.0 % 30.9 % 33.4 % During April 2014, the Company reached an agreement with the Internal Revenue Service with respect to its review of the Company’s federal income tax returns for the three years ended April 2013. No material adjustments were proposed and, accordingly, the Company adjusted the related unrecognized tax benefits during the fourth quarter of Fiscal 2014. As of May 2, 2015, the gross amount of unrecognized tax benefits was $1.8 million and $191,000 was recognized as a tax benefit in Fiscal 2015. If we were to prevail on all uncertain tax positions, the net effect would be to reduce our tax expense by approximately $1.2 million. A reconciliation of the changes in the gross amount of unrecognized tax benefits, which amounts are included in other liabilities in the accompanying consolidated balance sheets, is as follows: (In thousands) Fiscal Fiscal Fiscal 2015 2014 2013 Beginning balance $ 2,123 $ 4,349 $ 4,548 Increases due to current period tax positions 122 268 415 Decreases due to lapse of statute of limitations and audit resolutions (444 ) (2,494 )* (614 ) Ending balance $ 1,801 $ 2,123 $ 4,349 _______________________________ * We recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense. As of May 2, 2015, unrecognized tax benefits included accrued interest of $269,000, of which approximately $82,000 was recognized as a tax benefit in Fiscal 2015. We file annual income tax returns in the United States and in various state and local jurisdictions. A number of years may elapse before an uncertain tax position, for which we have unrecognized tax benefits, is resolved. While it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position, we believe that our unrecognized tax benefits reflect the most probable outcome. We adjust these unrecognized tax benefits, as well as the related interest, in light of changing facts and circumstances. The resolution of any particular uncertain tax position could require the use of cash and an adjustment to our provision for income taxes in the period of resolution. Federal income tax returns for fiscal years subsequent to 2013 are subject to examination. Generally, the income tax returns for the various state jurisdictions are subject to examination for fiscal years ending after fiscal 2010.

Note 8 - Stock-based Compensati

Note 8 - Stock-based Compensation	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	8. STOCK-BASED COMPENSATION Our stock-based compensation program is a broad-based program designed to attract and retain employees while also aligning employees’ interests with the interests of the shareholders. The 1991 Omnibus Incentive Plan (the “Omnibus Plan”) provides for compensatory awards consisting of (i) stock options or stock awards for up to 4,800,000 shares of common stock, (ii) stock appreciation rights, dividend equivalents, other stock-based awards in amounts up to 4,800,000 shares of common stock and (iii) performance awards consisting of any combination of the above. The Omnibus Plan is designed to provide an incentive to officers and certain other key employees and consultants by making available to them an opportunity to acquire a proprietary interest or to increase such interest in National Beverage. The number of shares or options which may be issued under stock-based awards to an individual is limited to 1,680,000 during any year. Awards may be granted for no cash consideration or such minimal cash consideration as may be required by law. Options generally have an exercise price equal to the fair market value of our common stock on the date of grant, vest over a five-year period and expire after ten years. The Special Stock Option Plan provides for the issuance of stock options to purchase up to an aggregate of 1,800,000 shares of common stock. Options may be granted for such consideration as determined by the Board of Directors. The vesting schedule and exercise price of these options are tied to the recipient’s ownership level of common stock and the terms generally allow for the reduction in exercise price upon each vesting period. Also, the Board of Directors authorized the issuance of options to purchase up to 50,000 shares of common stock to be issued at the direction of the Chairman. The Key Employee Equity Partnership Program (“KEEP Program”) provides for the granting of stock options to purchase up to 240,000 shares of common stock to key employees, consultants, directors and officers. Participants who purchase shares of stock in the open market receive grants of stock options equal to 50% of the number of shares purchased, up to a maximum of 6,000 shares in any two-year period. Options under the KEEP Program are forfeited in the event of the sale of shares used to acquire such options. Options are granted at an initial exercise price of 60% of the purchase price paid for the shares acquired and the exercise price reduces to the stock par value at the end of the six-year vesting period. We account for stock options under the fair value method of accounting using a Black-Scholes valuation model to estimate the stock option fair value at date of grant. The fair value of stock options is amortized to expense over the vesting period. Stock options granted were 276,800 shares in Fiscal 2015, 5,245 shares in Fiscal 2014 and 2,000 shares in Fiscal 2013. The weighted average Black-Scholes fair value assumptions for stock options granted are as follows: weighted average expected life of 7.4 years for Fiscal 2015, 8 years for Fiscal 2014 and 8 years for Fiscal 2013; weighted average expected volatility of 32.8% for Fiscal 2015, 35.8% for Fiscal 2014 and 38.1% for Fiscal 2013; weighted average risk free interest rates of 2.2% for Fiscal 2015, 1.9% for Fiscal 2014 and 1.6% for Fiscal 2013; and expected dividend yield of 4.6% for Fiscal 2015, 4.6% for Fiscal 2014 and 5.0% for Fiscal 2013. The expected life of stock options was estimated based on historical experience. The expected volatility was estimated based on historical stock prices for a period consistent with the expected life of stock options. The risk free interest rate was based on the U.S. Treasury constant maturity interest rate whose term is consistent with the expected life of stock options. Forfeitures were estimated based on historical experience and ranged from 0% to 16% for Fiscal 2015, Fiscal 2014 and Fiscal 2013. The following is a summary of stock option activity for Fiscal 2015: Number of Shares Price (a) Options outstanding, beginning of year 404,355 $ 6.67 Granted 276,800 17.84 Exercised (50,220 ) 4.55 Cancelled (17,800 ) 16.26 Options outstanding, end of year 613,135 11.23 Options exercisable, end of year 265,437 5.93 _______________________________ (a) Stock-based compensation expense was $307,000 for Fiscal 2015, $95,000 for Fiscal 2014 and $230,000 for Fiscal 2013. The total fair value of shares vested was $371,000 for Fiscal 2015, $90,000 for Fiscal 2014 and $453,000 for Fiscal 2013. The total intrinsic value for stock options exercised was $917,000 for Fiscal 2015, $76,000 for Fiscal 2014 and $406,000 for Fiscal 2013. Net cash proceeds from the exercise of stock options were $228,000 for Fiscal 2015, $47,000 for Fiscal 2014 and $239,000 for Fiscal 2013. Stock based income tax benefits aggregated $240,000 for Fiscal 2015, $17,000 for Fiscal 2014 and $201,000 for Fiscal 2013. The weighted average fair value for stock options granted was $8.30 for Fiscal 2015, $12.50 for Fiscal 2014 and $8.76 for Fiscal 2013. As of May 2, 2015, unrecognized compensation expense related to the unvested portion of our stock options was $872,000, which is expected to be recognized over a weighted average period of 5.7 years. The weighted average remaining contractual term and the aggregate intrinsic value for options outstanding as of May 2, 2015 was 4.3 years and $6.9 million, respectively. The weighted average remaining contractual term and the aggregate intrinsic value for options exercisable as of May 2, 2015 was 2.7 years and $4.4 million, respectively. We have a stock purchase plan which provides for the purchase of up to 1,536,000 shares of common stock by employees who (i) have been employed for at least two years, (ii) are not part-time employees and (iii) are not owners of five percent or more of our common stock. As of May 2, 2015, no shares have been issued under the plan.

Note 9 - Pension Plans

Note 9 - Pension Plans	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	9. PENSION PLANS The Company contributes to certain pension plans under collective bargaining agreements and to a discretionary profit sharing plan. Total contributions (including contributions to multi-employer plans reflected below) were $2.7 million for Fiscal 2015, $2.7 million for Fiscal 2014 and $2.6 million for Fiscal 2013. The Company participates in various multi-employer defined benefit pension plans covering certain employees whose employment is covered under collective bargaining agreements. If the Company chooses to stop participating in the multi-employer plan or if other employers choose to withdraw to the extent that a mass withdrawal occurs, the Company could be required to pay the plan a withdrawal liability based on the underfunded status of the plan. Summarized below is certain information regarding the Company’s participation in significant multi-employer pension plans including the financial improvement plan or rehabilitation plan status (“FIP/RP Status”) and the zone status under the Pension Protection Act (“PPA”). The most recent PPA zone status available in Fiscal 2015 and Fiscal 2014 is for the plans’ years ending December 31, 2013 and 2012, respectively. PPA Zone Status Fiscal Fiscal Surcharge Pension Fund 2015 2014 FIP/RP Status Imposed Central States, Southeast and Southwest Areas Pension Plan (EIN no. 36-6044243) (the “CSSS Fund”) Red Red Implemented No Western Conference of Teamsters Pension Trust Fund (EIN no. 91-6145047) (the “WCT Fund”) Green Green Not applicable No For the plan years ended December 31, 2013 and December 31, 2012, the Company was not listed in the Form 5500 Annual Returns as providing more than 5% of the total contributions for the above plans. The collective bargaining agreements expire on October 18, 2016 for the CSSS Fund and May 14, 2016 for the WCT Fund. The Company’s contributions for all multi-employer pension plans for the last three fiscal years are as follow: (In thousands) Fiscal Fiscal Fiscal Pension Fund 2015 2014 2013 CSSS Fund $ 1,103 $ 1,079 $ 1,051 WCT Fund 637 476 471 Other multi-employer pension funds 306 295 262 Total $ 2,046 $ 1,850 $ 1,784 The trustees of one of the multi-employer pension plans that is not considered individually significant have notified a subsidiary of the Company that a mass withdrawal has occurred and have provided the subsidiary with a notice of withdrawal liability. The Company disputes various aspects of the withdrawal liability calculations and intends to challenge them in accordance with applicable Federal laws. The Company anticipates that the amount of its liability, if any, will not have a material effect on its financial position or results of operations.

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	10. COMMITMENTS AND CONTINGENCIES We lease buildings, machinery and equipment under various non-cancelable operating lease agreements expiring at various dates through 2023. Certain of these leases contain scheduled rent increases and/or renewal options. Contractual rent increases are taken into account when calculating the minimum lease payment and recognized on a straight-line basis over the lease term. Rent expense under operating lease agreements totaled approximately $8.2 million for Fiscal 2015, $7.9 million for Fiscal 2014 and $8.9 million for Fiscal 2013. Our minimum lease payments under non-cancelable operating leases as of May 2, 2015 were as follows: (In thousands) Fiscal 2016 $ 5,399 Fiscal 2017 4,620 Fiscal 2018 3,789 Fiscal 2019 3,341 Fiscal 2020 2,639 Thereafter 2,406 Total minimum lease payments $ 22,194 As of May 2, 2015, we guaranteed the residual value of certain leased equipment in the amount of $4.9 million. If the proceeds from the sale of such equipment are less than the balance required by the lease when the lease terminates on August 1, 2017, the Company shall be required to pay the difference up to such guaranteed amount. The Company expects to have no loss on such guarantee. We enter into various agreements with suppliers for the purchase of raw materials, the terms of which may include variable or fixed pricing and minimum purchase quantities. As of May 2, 2015, we had purchase commitments for raw materials of $54.0 million for Fiscal 2016. From time to time, we are a party to various litigation matters and claims arising in the ordinary course of business. We do not expect the ultimate disposition of such matters to have a material adverse effect on our consolidated financial position or results of operations.

Note 11 - Quarterly Financial D

Note 11 - Quarterly Financial Data (Unaudited)	12 Months Ended
	May. 02, 2015
Notes to Financial Statements
Quarterly Financial Information [Text Block]	11. QUARTERLY FINANCIAL DATA (UNAUDITED) (In thousands, except per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter Fiscal 2015 Net sales $ 174,637 $ 163,575 $ 143,021 $ 164,592 Gross profit 59,842 57,732 46,090 55,476 Net income 15,363 12,958 8,808 12,182 Earnings per common share – basic $ .33 $ .28 $ .19 $ .26 Earnings per common share – diluted $ .33 $ .28 $ .19 $ .26 Fiscal 2014 (1) Net sales $ 172,353 $ 167,666 $ 136,774 $ 164,342 Gross profit 58,749 58,830 44,688 55,388 Net income 12,070 12,497 7,136 11,932 Earnings per common share – basic $ .26 $ .27 $ .15 $ .25 Earnings per common share – diluted $ .26 $ .27 $ .15 $ .25 _______________________________ (1) The fourth quarter of Fiscal 2014 consisted of 14 weeks while other quarters consisted of 13 weeks.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	May. 02, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and rules and regulations of the Securities and Exchange Commission. The consolidated financial statements include the accounts of National Beverage Corp. and all subsidiaries. All significant intercompany transactions and accounts have been eliminated. Our fiscal year ends the Saturday closest to April 30 and, as a result, an additional week is added every five or six years. Fiscal 2015 and Fiscal 2013 consisted of 52 weeks while Fiscal 2014 consisted of 53 weeks.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Equivalents Cash and equivalents are comprised of cash and highly liquid securities (consisting primarily of short-term money-market investments) with an original maturity of three months or less.
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments We use derivative financial instruments to partially mitigate our exposure to changes in raw material costs. All derivative financial instruments are recorded at fair value in our Consolidated Balance Sheets. We do not use derivative financial instruments for trading or speculative purposes. Credit risk related to derivative financial instruments is managed by requiring high credit standards for counterparties and frequent cash settlements. See Note 6.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Common Share Basic earnings per common share is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated in a similar manner, but includes the dilutive effect of stock options amounting to 206,000 shares in Fiscal 2015, 188,000 shares in Fiscal 2014 and 172,000 shares in Fiscal 2013.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value The fair value of long-term debt approximates its carrying value due to its variable interest rate and lack of prepayment penalty. The estimated fair values of derivative financial instruments are calculated based on market rates to settle the instruments. These values represent the estimated amounts we would receive upon sale, taking into consideration current market prices and credit worthiness. See Note 6.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets All long-lived assets, excluding goodwill and intangible assets not subject to amortization, are evaluated for impairment on the basis of undiscounted cash flows whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impaired asset is written down to its estimated fair value based on the best information available. Estimated fair value is generally measured by discounting future cash flows. Goodwill and intangible assets not subject to amortization are evaluated for impairment annually or sooner if we believe such assets may be impaired. An impairment loss is recognized if the carrying amount or, for goodwill, the carrying amount of its reporting unit, is greater than its fair value.
Income Tax, Policy [Policy Text Block]	Income Taxes Our effective income tax rate is based on estimates of taxes which will ultimately be payable. Deferred taxes are recorded to give recognition to temporary differences between the tax bases of assets or liabilities and their reported amounts in the financial statements. Valuation allowances are established to reduce the carrying amounts of deferred tax assets when it is deemed, more likely than not, that the benefit of deferred tax assets will not be realized.
Liability Reserve Estimate, Policy [Policy Text Block]	Insurance Programs We maintain self-insured and deductible programs for certain liability, medical and workers’ compensation exposures. Accordingly, we accrue for known claims and estimated incurred but not reported claims not otherwise covered by insurance based on actuarial assumptions and historical claims experience. At May 2, 2015 and May 3, 2014, other liabilities included accruals of $5.9 million and $6.1 million, respectively, for estimated non-current risk retention exposures, of which $4.7 million and $5.1 million were covered by insurance.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets Intangible assets as of May 2, 2015 and May 3, 2014 consisted of non-amortizable trademarks.
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of first-in, first-out cost or market. Inventories at May 2, 2015 were comprised of finished goods of $24.9 million and raw materials of $18.0 million. Inventories at May 3, 2014 were comprised of finished goods of $27.2 million and raw materials of $16.7 million.
Advertising Costs, Policy [Policy Text Block]	Marketing Costs We are involved in a variety of marketing programs, including cooperative advertising programs with customers, to advertise and promote our products to consumers. Marketing costs are expensed when incurred, except for prepaid advertising and production costs which are expensed when the advertising takes place. Marketing costs, which are included in selling, general and administrative expenses, totaled $42.4 million in Fiscal 2015, $50.2 million in Fiscal 2014 and $44.6 million in Fiscal 2013.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncement In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 requires an entity to recognize revenue in an amount that reflects the consideration to which the entity expects to receive in exchange for goods or services. ASU 2014-09 is effective for our fiscal year beginning April 30, 2017. We are currently evaluating the potential impact of adopting this guidance on our consolidated financial statements.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Property, plant and equipment are recorded at cost. Additions, replacements and betterments are capitalized, while maintenance and repairs that do not extend the useful life of an asset are expensed as incurred. Depreciation is recorded using the straight-line method over estimated useful lives of 7 to 30 years for buildings and improvements and 3 to 15 years for machinery and equipment. Leasehold improvements are amortized using the straight-line method over the shorter of the remaining lease term or the estimated useful life of the improvement. When assets are retired or otherwise disposed, the cost and accumulated depreciation are removed from the respective accounts and any related gain or loss is recognized.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue from product sales is recognized when title and risk of loss pass to the customer, which generally occurs upon delivery. Our policy is not to allow the return of products once they have been accepted by the customer. However, on occasion, we have accepted returns or issued credit to customers, primarily for damaged goods. The amounts have been immaterial and, accordingly, we do not provide a specific valuation allowance for sales returns.
Sales Incentives [Policy Text Block]	Sales Incentives We offer various sales incentive arrangements to our customers that require customer performance or achievement of certain sales volume targets. When the incentive is paid in advance, we amortize the amount paid over the period of benefit or contractual sales volume; otherwise, we accrue the expected amount to be paid over the period of benefit or expected sales volume. The recognition of these incentives involves the use of judgment related to performance and sales volume estimates that are made based on historical experience and other factors. Sales incentives are accounted for as a reduction of sales and actual amounts ultimately realized may vary from accrued amounts.
Segment Reporting, Policy [Policy Text Block]	Segment Reporting We operate as a single operating segment for purposes of presenting financial information and evaluating performance. As such, the accompanying consolidated financial statements present financial information in a format that is consistent with the internal financial information used by management. We do not accumulate revenues by product classification and, therefore, it is impractical to present such information.
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs Shipping and handling costs are reported in selling, general and administrative expenses in the accompanying consolidated statements of income. Such costs aggregated $44.4 million in Fiscal 2015 and Fiscal 2014 and $44.2 million in Fiscal 2013. Although our classification is consistent with many beverage companies, our gross margin may not be comparable to companies that include shipping and handling costs in cost of sales.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation Compensation expense for stock-based compensation awards is recognized over the vesting period based on the grant-date fair value estimated using the Black-Scholes model. See Note 8.
Receivables, Policy [Policy Text Block]	Trade Receivables We record trade receivables at net realizable value, which includes an appropriate allowance for doubtful accounts. We extend credit based on an evaluation of each customer’s financial condition, generally without requiring collateral. Exposure to credit losses varies by customer principally due to the financial condition of each customer. We monitor our exposure to credit losses and maintain allowances for anticipated losses based on specific customer circumstances, credit conditions and historical write-offs. Activity in the allowance for doubtful accounts was as follows: (In thousands) Fiscal 2015 Fiscal 2014 Fiscal 2013 Balance at beginning of year $ 399 $ 454 $ 399 Net charge to expense 117 95 96 Net charge-off (186 ) (150 ) (41 ) Balance at end of year $ 330 $ 399 $ 454 As of May 2, 2015 and May 3, 2014, we did not have any customer that comprised more than 10% of trade receivables. No one customer accounted for more than 10% of net sales during any of the last three fiscal years.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Although these estimates are based on management’s knowledge of current events and anticipated future actions, actual results may vary from reported amounts.

Note 1 - Significant Accounti20

Note 1 - Significant Accounting Policies (Tables)	12 Months Ended
	May. 02, 2015
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	(In thousands) Fiscal 2015 Fiscal 2014 Fiscal 2013 Balance at beginning of year $ 399 $ 454 $ 399 Net charge to expense 117 95 96 Net charge-off (186 ) (150 ) (41 ) Balance at end of year $ 330 $ 399 $ 454

Note 2 - Property, Plant and 21

Note 2 - Property, Plant and Equipment (Tables)	12 Months Ended
	May. 02, 2015
Notes Tables
Property, Plant and Equipment [Table Text Block]	(In thousands) 2015 2014 Land $ 9,500 $ 9,779 Buildings and improvements 50,405 51,494 Machinery and equipment 156,702 148,699 Total 216,607 209,972 Less accumulated depreciation (156,425 ) (150,478 ) Property, plant and equipment – net $ 60,182 $ 59,494

Note 3 - Accrued Liabilities (T

Note 3 - Accrued Liabilities (Tables)	12 Months Ended
	May. 02, 2015
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(In thousands) 2015 2014 Accrued compensation $ 7,473 $ 7,049 Accrued promotions 3,801 3,812 Accrued insurance 1,651 2,238 Other 8,332 5,774 Total $ 21,257 $ 18,873

Note 6 - Derivative Financial23

Note 6 - Derivative Financial Instruments (Tables)	12 Months Ended
	May. 02, 2015
Notes Tables
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]	(In thousands) Fiscal Fiscal Fiscal 2015 2014 2013 Recognized in AOCI- Loss before income taxes $ (3,488 ) $ (1,059 ) $ (2,521 ) Less income tax benefit (1,294 ) (393 ) (935 ) Net (2,194 ) (666 ) (1,586 ) Reclassified from AOCI to cost of sales- Gain (loss) before income taxes 248 (2,028 ) (2,060 ) Less income tax provision (benefit) 92 (752 ) (769 ) Net 156 (1,276 ) (1,291 ) Net change to AOCI $ (2,350 ) $ 610 $ (295 )

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	May. 02, 2015
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	(In thousands) Fiscal Fiscal Fiscal 2015 2014 2013 Current $ 24,326 $ 19,395 $ 23,359 Deferred 1,076 79 172 Total $ 25,402 $ 19,474 $ 23,531
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(In thousands) 2015 2014 Deferred tax assets: Accrued expenses and other $ 5,281 $ 4,126 Inventory and amortizable assets 417 400 Total deferred tax assets 5,698 4,526 Deferred tax liabilities: Property 16,497 15,616 Intangibles and other 98 98 Total deferred tax liabilities 16,595 15,714 Net deferred tax liabilities $ 10,897 $ 11,188 Current deferred tax assets – net $ 4,348 $ 2,685 Noncurrent deferred tax liabilities – net $ 15,245 $ 13,873
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Fiscal Fiscal Fiscal 2015 2014 2013 Statutory federal income tax rate 35.0 % 35.0 % 35.0 % State income taxes, net of federal benefit 2.3 2.3 1.6 Manufacturing deduction benefit (3.0 ) (3.0 ) (3.1 ) Adjustment of unrecognized tax benefit (.2 ) (3.3 ) (.2 ) Other differences (.1 ) (.1 ) .1 Effective income tax rate 34.0 % 30.9 % 33.4 %
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	(In thousands) Fiscal Fiscal Fiscal 2015 2014 2013 Beginning balance $ 2,123 $ 4,349 $ 4,548 Increases due to current period tax positions 122 268 415 Decreases due to lapse of statute of limitations and audit resolutions (444 ) (2,494 )* (614 ) Ending balance $ 1,801 $ 2,123 $ 4,349

Note 8 - Stock-based Compensa25

Note 8 - Stock-based Compensation (Tables)	12 Months Ended
	May. 02, 2015
Notes Tables
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Number of Shares Price (a) Options outstanding, beginning of year 404,355 $ 6.67 Granted 276,800 17.84 Exercised (50,220 ) 4.55 Cancelled (17,800 ) 16.26 Options outstanding, end of year 613,135 11.23 Options exercisable, end of year 265,437 5.93

Note 9 - Pension Plans (Tables)

Note 9 - Pension Plans (Tables)	12 Months Ended
	May. 02, 2015
Notes Tables
Schedule of Multiemployer Plans [Table Text Block]	(In thousands) Fiscal Fiscal Fiscal Pension Fund 2015 2014 2013 CSSS Fund $ 1,103 $ 1,079 $ 1,051 WCT Fund 637 476 471 Other multi-employer pension funds 306 295 262 Total $ 2,046 $ 1,850 $ 1,784

Note 10 - Commitments and Con27

Note 10 - Commitments and Contingencies (Tables)	12 Months Ended
	May. 02, 2015
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	(In thousands) Fiscal 2016 $ 5,399 Fiscal 2017 4,620 Fiscal 2018 3,789 Fiscal 2019 3,341 Fiscal 2020 2,639 Thereafter 2,406 Total minimum lease payments $ 22,194

Note 11 - Quarterly Financial28

Note 11 - Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	May. 02, 2015
Notes Tables
Schedule of Quarterly Financial Information [Table Text Block]	(In thousands, except per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter Fiscal 2015 Net sales $ 174,637 $ 163,575 $ 143,021 $ 164,592 Gross profit 59,842 57,732 46,090 55,476 Net income 15,363 12,958 8,808 12,182 Earnings per common share – basic $ .33 $ .28 $ .19 $ .26 Earnings per common share – diluted $ .33 $ .28 $ .19 $ .26 Fiscal 2014 (1) Net sales $ 172,353 $ 167,666 $ 136,774 $ 164,342 Gross profit 58,749 58,830 44,688 55,388 Net income 12,070 12,497 7,136 11,932 Earnings per common share – basic $ .26 $ .27 $ .15 $ .25 Earnings per common share – diluted $ .26 $ .27 $ .15 $ .25

Note 1 - Significant Accounti29

Note 1 - Significant Accounting Policies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Other Noncurrent Liabilities [Member]
Self Insurance Reserve and Coverage by Insurance, Noncurrent	$ 5.9	$ 6.1
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	7 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	30 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	15 years
Shipping, Handling and Transportation Costs	$ 44.4	$ 44.4	$ 44.2
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements	206,000	188,000	172,000
Self Insurance Reserve, Noncurrent, Covered by Insurance	$ 4.7	$ 5.1
Inventory, Finished Goods, Gross	24.9	27.2
Inventory, Raw Materials, Gross	18	16.7
Marketing Expense	$ 42.4	$ 50.2	$ 44.6

Note 1 - Allowance for Doubtful

Note 1 - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Balance at beginning of year	$ 399	$ 454	$ 399
Net charge to expense	117	95	96
Net charge-off	(186)	(150)	(41)
Balance at end of year	$ 330	$ 399	$ 454

Note 2 - Property, Plant and 31

Note 2 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Millions	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Depreciation	$ 10.2	$ 9.8	$ 9

Note 2 - Summary of Property, P

Note 2 - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	May. 02, 2015	May. 03, 2014
Land	$ 9,500	$ 9,779
Buildings and improvements	50,405	51,494
Machinery and equipment	156,702	148,699
Total	216,607	209,972
Less accumulated depreciation	(156,425)	(150,478)
Property, plant and equipment – net	$ 60,182	$ 59,494

Note 3 - Summary of Accrued Lia

Note 3 - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands	May. 02, 2015	May. 03, 2014
Accrued compensation	$ 7,473	$ 7,049
Accrued promotions	3,801	3,812
Accrued insurance	1,651	2,238
Other	8,332	5,774
Total	$ 21,257	$ 18,873

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual) - USD ($) $ in Millions	12 Months Ended
	May. 02, 2015	May. 03, 2014
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	0.90%
Line of Credit Facility, Maximum Borrowing Capacity	$ 100
Debt Instrument, Interest Rate, Effective Percentage	1.00%
Long-term Line of Credit	$ 10	$ 30
Letters of Credit Outstanding, Amount	2.2
Line of Credit Facility, Remaining Borrowing Capacity	$ 87.8

Note 5 - Capital Stock and Tr35

Note 5 - Capital Stock and Transactions with Related Parties (Details Textual) - USD ($)	May. 01, 2015	Aug. 01, 2014	May. 02, 2014	Jan. 25, 2013	Dec. 27, 2012	May. 02, 2015	Apr. 30, 2015	May. 03, 2014	Apr. 27, 2013	Apr. 30, 2014	May. 02, 2015	Apr. 01, 2013	Mar. 31, 2012
CMA [Member]
Accounts Payable						$ 1,600,000		$ 1,600,000			$ 1,600,000
Related Party Transaction, Amounts of Transaction						$ 6,500,000		$ 6,400,000	$ 6,600,000
Series D Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues				400,000
Preferred Stock, Par or Stated Value Per Share				$ 1		$ 1		$ 1			$ 1
Stock Issued During Period, Value, New Issues				$ 20,000,000
Temporary Equity, Liquidation Preference Per Share				$ 50
Preferred Stock, Dividend Rate, Percentage	2.50%						2.50%			3.00%
Preferred Stock Dividend Rate Basis Spread On Variable Rate						3.70%
Dividends Payable, Current						$ 37,000		$ 90,000			$ 37,000
Preferred Stock, Redemption Price Per Share						$ 50					$ 50
Proceeds from Issuance of Preferred Stock and Preference Stock				$ 19,700,000
Preferred Stock, Shares Issued						120,000		240,000			120,000
Stock Redeemed or Called During Period, Shares		120,000	160,000
Stock Redeemed or Called During Period Percentage			40.00%
Stock Redeemed or Called During Period, Value			$ 8,000,000
Issuance Cost Related to Stock Redeemed			$ 118,000
Stock Redeemed in Period, Percentage		50.00%
Payments for Repurchase of Redeemable Preferred Stock		$ 6,000,000
Preferred Stock, Accretion of Redemption Discount		$ 89,000
Series C Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share						$ 1		$ 1			$ 1
Preferred Stock, Shares Issued						150,000		150,000			150,000
Treasury Stock, Shares, Acquired						0		0	0
Dividends, Common Stock, Cash					$ 118,100,000
Common Stock, Dividends, Per Share, Cash Paid					$ 2.55
Proceeds from Issuance of Preferred Stock and Preference Stock						$ (6,000,000)		$ (8,000,000)	$ 19,704,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased												1,600,000	800,000
Stock Repurchased During Period, Shares											502,060
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased						1,097,940					1,097,940

Note 6 - Derivative Financial36

Note 6 - Derivative Financial Instruments (Details Textual) - USD ($)	May. 02, 2015	May. 03, 2014
Accrued Liabilities1 [Member]
Derivative Liability, Current	$ 3,000,000
Other Liabilities [Member]
Derivative Liability, Noncurrent	751,000
Prepaid Expenses and Other Current Assets [Member]
Derivative Asset, Current		$ 5,000
Derivative, Notional Amount	38,000,000
Price Risk Cash Flow Hedge Unrealized Gain (Loss) to be Reclassified During Next 12 Months	$ 3,000,000

Note 6 - Derivatives Instrument

Note 6 - Derivatives Instruments Statements of Financial Performance and Financial Position (Details) - USD ($) $ in Thousands	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Recognized in AOCI-
Loss before income taxes	$ (3,488)	$ (1,059)	$ (2,521)
Less income tax benefit	(1,294)	(393)	(935)
Net	(2,194)	(666)	(1,586)
Reclassified from AOCI to cost of sales-
Gain (loss) before income taxes	248	(2,028)	(2,060)
Less income tax provision (benefit)	92	(752)	(769)
Net	156	(1,276)	(1,291)
Net change to AOCI	$ (2,350)	$ 610	$ (295)

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	May. 02, 2015	May. 03, 2014		Apr. 27, 2013	Apr. 28, 2012
Internal Revenue Service (IRS) [Member] | Review of Fed Review of Federal Income Tax Returns Three Years Ended April 2013 [Member]
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations		$ 1,907,000
Unrecognized Tax Benefits	$ 1,801,000	2,123,000		$ 4,349,000	$ 4,548,000
Unrecognized Tax Benefits, Decrease Resulting from Current Period Tax Positions	191,000
Changes in IncomeTax if All Uncertain Tax Positions Prevail	1,200,000
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	444,000	$ 2,494,000	[1]	$ 614,000
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	269,000
Unrecognized Tax Benefits, Period Increase (Decrease)	$ 82,000
[1]	Includes $1,907 related to the Internal Revenue Service review of the Company’s federal income tax returns for the three years ended April 2013 noted above.

Note 7 - Components of Income T

Note 7 - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Current	$ 24,326	$ 19,395	$ 23,359
Deferred income tax provision	1,076	79	172
Total	$ 25,402	$ 19,474	$ 23,531

Note 7 - Deferred Tax Assets an

Note 7 - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	May. 02, 2015	May. 03, 2014
Deferred tax assets:
Accrued expenses and other	$ 5,281	$ 4,126
Inventory and amortizable assets	417	400
Total deferred tax assets	5,698	4,526
Deferred tax liabilities:
Property	16,497	15,616
Intangibles and other	98	98
Total deferred tax liabilities	16,595	15,714
Net deferred tax liabilities	10,897	11,188
Current deferred tax assets – net	4,348	2,685
Noncurrent deferred tax liabilities – net	$ 15,245	$ 13,873

Note 7 - Reconciliation of Inco

Note 7 - Reconciliation of Income Tax Rate (Details)	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Statutory federal income tax rate	35.00%	35.00%	35.00%
State income taxes, net of federal benefit	2.30%	2.30%	1.60%
Manufacturing deduction benefit	(3.00%)	(3.00%)	(3.10%)
Adjustment of unrecognized tax benefit	(0.20%)	(3.30%)	(0.20%)
Other differences	(0.10%)	(0.10%)	0.10%
Effective income tax rate	34.00%	30.90%	33.40%

Note 7 - Unrecognized Tax Benef

Note 7 - Unrecognized Tax Benefits (Details) - Scenario, Unspecified [Domain] - USD ($) $ in Thousands	12 Months Ended
	May. 02, 2015	May. 03, 2014		Apr. 27, 2013
Beginning balance	$ 2,123	$ 4,349		$ 4,548
Increases due to current period tax positions	122	268		415
Decreases due to lapse of statute of limitations and audit resolutions	(444)	(2,494)	[1]	(614)
Ending balance	$ 1,801	$ 2,123		$ 4,349
[1]	Includes $1,907 related to the Internal Revenue Service review of the Company’s federal income tax returns for the three years ended April 2013 noted above.

Note 8 - Stock-based Compensa43

Note 8 - Stock-based Compensation (Details Textual) - USD ($)	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
KEEP Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants, Period	2 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	240,000
Share Based Compensation Arrangement by Share Based Payment Award Number of Shares Authorized Per Individual	6,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	6 years
Share Based Compensation Arrangement by Share Based Payment Award Percentage of Purchased Shares Matched	50.00%
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent	60.00%
Omnibus Plan [Member] | Stock Options or Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	4,800,000
Omnibus Plan [Member] | SARS Dividend Equivalents and Other Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	4,800,000
Omnibus Plan [Member]
Share Based Compensation Arrangement by Share Based Payment Award Number of Shares Authorized Per Individual	1,680,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Special Stock Option Plan [Member] | Determined by Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,800,000
Other Plan Member | Determined By Chairman Member
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	50,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Forfeiture Rate, Minimum	0.00%	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Forfeiture Rate, Maximum	16.00%	16.00%	16.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	276,800	5,245	2,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	7 years 146 days	8 years	8 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	32.80%	35.80%	38.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.20%	1.90%	1.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	4.60%	4.60%	5.00%
Allocated Share-based Compensation Expense	$ 307,000	$ 95,000	$ 230,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	371,000	90,000	453,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	917,000	76,000	406,000
Proceeds from Stock Options Exercised	228,000	47,000	239,000
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options	$ 240,000	$ 17,000	$ 201,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 8.30	$ 12.50	$ 8.76
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 872,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	5 years 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	4 years 109 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 6,900,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	2 years 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$ 4,400,000
Employee Stock Ownership Plan (ESOP), Shares in ESOP	1,536,000

Note 8 - Summary of Stock Optio

Note 8 - Summary of Stock Option Activity (Details) - $ / shares		12 Months Ended
		May. 02, 2015	May. 03, 2014	May. 02, 2015
Options outstanding, beginning of year (in shares)		404,355
Options outstanding, beginning of year (in dollars per share)	[1]	$ 6.67
Granted (in shares)		276,800	5,245
Granted (in dollars per share)	[1]	$ 17.84
Exercised (in shares)		(50,220)
Exercised (in dollars per share)	[1]	$ 4.55
Cancelled (in shares)		(17,800)
Cancelled (in dollars per share)	[1]	$ 16.26
Options outstanding, end of year (in shares)		404,355	404,355	613,135
Options outstanding, end of year (in dollars per share)	[1]	$ 6.67	$ 6.67	$ 11.23
Options exercisable, end of year (in shares)		265,437
Options exercisable, end of year (in dollars per share)	[1]	$ 5.93
[1]	Weighted average exercise price.

Note 9 - Pension Plans (Details

Note 9 - Pension Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Pension Contributions	$ 2.7	$ 2.7	$ 2.6

Note 9 - Contributions for All

Note 9 - Contributions for All Multi-employer Pension Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
CSSS Fund [Member]
Fund	$ 1,103	$ 1,079	$ 1,051
WCT Fund [Member]
Fund	637	476	471
Other Multi Employer Pension Funds [Member]
Fund	306	295	262
Fund	$ 2,046	$ 1,850	$ 1,784

Note 10 - Commitments and Con47

Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Operating Leases, Rent Expense	$ 8.2	$ 7.9	$ 8.9
Leveraged Leases, Net Investment in Leveraged Leases Disclosure, Residual Value of Leased Assets	4.9
Purchase Obligation, Due in Next Twelve Months	$ 54

Note 10 - Future Minimun Rental

Note 10 - Future Minimun Rental Payments (Details) $ in Thousands	May. 02, 2015USD ($)
Fiscal 2,016	$ 5,399
Fiscal 2,017	4,620
Fiscal 2,018	3,789
Fiscal 2,019	3,341
Fiscal 2,020	2,639
Thereafter	2,406
Total minimum lease payments	$ 22,194

Note 11 - Summary of Quarterly

Note 11 - Summary of Quarterly Financial Data (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	May. 02, 2015	Jan. 31, 2015	Nov. 01, 2014	Aug. 02, 2014	May. 03, 2014	[1]	Jan. 25, 2014	[1]	Oct. 26, 2013	[1]	Jul. 27, 2013	[1]	May. 02, 2015	May. 03, 2014	Apr. 27, 2013
Net sales	$ 164,592	$ 143,021	$ 163,575	$ 174,637	$ 164,342		$ 136,774		$ 167,666		$ 172,353		$ 645,825	$ 641,135	$ 662,007
Gross profit	55,476	46,090	57,732	59,842	55,388		44,688		58,830		58,749		219,140	217,655	217,250
Net income	$ 12,182	$ 8,808	$ 12,958	$ 15,363	$ 11,932		$ 7,136		$ 12,497		$ 12,070		$ 49,311	$ 43,635	$ 46,920
Earnings per common share – basic (in dollars per share)	$ 0.26	$ 0.19	$ 0.28	$ 0.33	$ 0.25		$ 0.15		$ 0.27		$ 0.26		$ 1.06	$ 0.93	$ 1.01
Earnings per common share – diluted (in dollars per share)	$ 0.26	$ 0.19	$ 0.28	$ 0.33	$ 0.25		$ 0.15		$ 0.27		$ 0.26		$ 1.05	$ 0.92	$ 1.01
[1]	The fourth quarter of Fiscal 2014 consisted of 14 weeks while other quarters consisted of 13 weeks.