Employee Stock Plans (Tables)

12 Months Ended

Apr. 30, 2016

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:

	Year Ended April 30,
	2016			2015			2014
	(in thousands)
Restricted stock	$	18,288		$	13,602		$	11,689
ESPP		590			162			—
Stock options		17			135			417
Total stock-based compensation expense, pre-tax		18,895			13,899			12,106
Tax benefit from stock-based compensation expense		(7,347	)		(3,893	)		(3,484	)
Total stock-based compensation expense, net of tax	$	11,548		$	10,006		$	8,622

Stock Options Transactions

Stock options transactions under the Company’s Second A&R 2008 Plan were as follows:

	April 30,
	2016					2015					2014
	Options			Weighted- Average Exercise Price		Options			Weighted- Average Exercise Price		Options			Weighted- Average Exercise Price
	(in thousands, except per share data)
Outstanding, beginning of year		202		$	15.45		396		$	16.23		1,100		$	14.72
Exercised		(87	)	$	15.83		(179	)	$	16.99		(655	)	$	13.88
Forfeited/expired.		(10	)	$	18.05		(15	)	$	17.72		(49	)	$	13.42
Outstanding, end of year		105		$	15.01		202		$	15.45		396		$	16.23
Exercisable, end of year		105		$	15.01		192		$	15.07		337		$	16.11

Outstanding Stock Options

Outstanding stock options:

	April 30, 2016
	Options Outstanding						Options Exercisable
Range of Exercise Prices	Shares		Weighted- Average Remaining Contractual Life (in years)		Weighted- Average Exercise Price		Shares		Weighted- Average Remaining Contractual Life (in years)		Weighted- Average Exercise Price
	(in thousands, except per share data)
$9.75   — $13.82		19		0.3	$	10.40		19		0.3	$	10.40
$13.83 — $18.04		64		1.2	$	14.06		64		1.2	$	14.06
$18.05 — $22.71		22		1.2	$	21.73		22		1.2	$	21.73
		105		1.0	$	15.01		105		1.0	$	15.01

Additional Information Pertaining to Stock Options

Additional information pertaining to stock options:

	Year Ended April 30,
	2016		2015		2014
	(in thousands, except per share data)
Total fair value of stock options vested	$	96	$	334	$	984
Total intrinsic value of stock options exercised	$	1,664	$	2,425	$	6,108

Restricted Stock Activity

Restricted stock activity is summarized below:

	April 30,
	2016					2015					2014
	Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value		Shares			Weighted- Average Grant Date Fair Value
	(in thousands, except per share data)
Non-vested, beginning of year		1,560		$	22.15		1,880		$	18.95		1,810		$	16.38
Granted		784		$	39.19		438		$	29.93		809		$	21.32
Vested		(809	)	$	16.35		(705	)	$	18.52		(535	)	$	14.54
Forfeited/expired.		(29	)	$	23.38		(53	)	$	21.13		(204	)	$	17.19
Non-vested, end of year		1,506		$	34.12		1,560		$	22.15		1,880		$	18.95