Employee Stock Plans (Tables)

3 Months Ended

Jul. 31, 2014

Components Of Stock-Based Compensation Expense Recognized

The following table summarizes the components of stock-based compensation expense recognized in the Company’s consolidated statements of income for the periods indicated:

	Three Months Ended July 31,
	2014			2013
	(in thousands)
Restricted stock	$	3,252		$	2,820
Stock options		67			140
Total stock-based compensation expense, pre-tax		3,319			2,960
Tax benefit from stock-based compensation expense		(982	)		(1,192	)
Total stock-based compensation expense, net of tax	$	2,337		$	1,768

Stock Options Transactions

Stock option transactions under the Company’s Second A&R 2008 Plan, as amended to date, were as follows:

	Three Months Ended July 31, 2014
	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
	(in thousands, except per share data)
Outstanding, April 30, 2014		396		$	16.23
Exercised		(85	)	$	17.61
Forfeited/expired.		(6	)	$	19.37
Outstanding, July 31, 2014		305		$	15.80		2.21	$	4,156
Exercisable, July 31, 2014		294		$	15.56		2.14	$	4,069

Additional Information Pertaining to Stock Options

Additional information pertaining to stock options:

	Three Months Ended July 31,
	2014		2013
	(in thousands)
Total fair value of stock options vested	$	324	$	802
Total intrinsic value of stock options exercised	$	1,039	$	1,664

Restricted Stock Activity

Restricted stock activity during the three months ended July 31, 2014 is summarized below:

	Shares			Weighted- Average Grant Date Fair Value
	(in thousands, except per share data)
Non-vested, April 30, 2014		1,880		$	18.95
Granted		390		$	29.90
Vested		(514	)	$	19.20
Non-vested, July 31, 2014		1,756		$	21.14