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Employee Stock Plans
 3 Months Ended
Jul. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Employee Stock Plans Employee Stock Plans
Stock-Based Compensation
The following table summarizes the components of stock-based compensation expense recognized in the Company’s condensed consolidated statements of income for the periods indicated:
Three Months Ended
July 31,
20252024
(in thousands)
Restricted stock$10,790 $10,561 
ESPP219 222 
Total stock-based compensation expense$11,009 $10,783 
Restricted Stock
Restricted stock activity during the three months ended July 31, 2025 is summarized below:
Shares Weighted-
Average Grant
Date Fair Value
(in thousands, except per share data)
Non-vested, April 30, 2025
1,770$63.15 
Granted796$73.18 
Vested(649)$54.52 
Forfeited/expired(4)$59.09 
Non-vested, July 31, 2025
1,913$70.26 
As of July 31, 2025, there were 0.8 million shares outstanding relating to market-based restricted stock units with total unrecognized compensation totaling $41.5 million.
As of July 31, 2025, there was $112.2 million of total unrecognized compensation cost related to all non-vested awards of restricted stock, which is expected to be recognized over a weighted-average period of 2.8 years. During the three months ended July 31, 2025 and 2024, 254,047 shares and 252,622 shares of restricted stock totaling $18.7 million and $16.6 million, respectively, were repurchased by the Company, at the option of employees, to pay for taxes related to the vesting of restricted stock.
Employee Stock Purchase Plan
During the three months ended July 31, 2025 and 2024, employees purchased 63,001 shares at $66.00 per share and 70,309 shares at $60.43 per share, respectively, under the ESPP. As of July 31, 2025, the ESPP had approximately 1.4 million shares remaining available for future issuance.
Common Stock
During the three months ended July 31, 2025 and 2024, the Company repurchased (on the open market or through privately negotiated transactions) 145,770 shares of the Company’s common stock for $9.9 million and 351,250 shares for $23.5 million, respectively.
Cash Dividends
The following table shows the Company's cash dividend declared per share for the periods indicated:
Three Months Ended
July 31,
20252024
Cash dividends declared per share
$0.48 $0.37