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Equity-Based Compensation - (Tables)
12 Months Ended
Apr. 30, 2018
Equity-Based Compensation  
Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted

    

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

Number of

 

Exercise

 

Contractual

 

Intrinsic

 

 

Options

 

Price

 

Life (years)

 

Value

 

 

(shares and dollars in thousands)

Outstanding as of April 30, 2017

 

2,088

 

$

13.49

 

  7.23

 

$

  47,336

Options granted

 

63

 

 

37.49

 

  

 

 

  

Options exercised

 

(199)

 

 

12.53

 

  

 

 

  

Options forfeited

 

 —

 

 

 —

 

  

 

 

  

Options expired

 

 —

 

 

 —

 

  

 

 

 

Outstanding as of April 30, 2018

 

1,952

 

$

14.37

 

6.52

 

$

33,209

Exercisable as of April 30, 2018

 

1,682

 

$

12.97

 

6.31

 

$

30,599

Vested and expected to vest as of April 30, 2018

 

1,946

 

$

14.33

 

6.52

 

$

33,173

 

Schedule of weighted average assumptions used in Black-Scholes option-pricing model

 

 

 

 

 

 

 

 

    

Year Ended

 

 

April 30,

 

 

2018

 

2017

Volatility

 

30.86

%

 

40.68

%

Expected life (years)

 

6.0

 

 

6.0

 

Risk-free interest rate

 

2.18

%

 

1.55

%

Dividend yield

 

 —

%

 

 —

%