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Employee Stock Plans
 3 Months Ended
Jul. 31, 2024
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,
20242023
(in thousands)
Restricted stock$10,561 $8,480 
ESPP222 248 
Total stock-based compensation expense$10,783 $8,728 
Restricted Stock
Restricted stock activity during the three months ended July 31, 2024 is summarized below:
Shares Weighted-
Average Grant
Date Fair Value
(in thousands, except per share data)
Non-vested, April 30, 2024
1,974$53.83 
Granted691$73.39 
Vested(705)$48.64 
Forfeited/expired(11)$— 
Non-vested, July 31, 2024
1,949$62.47 
As of July 31, 2024, there were 0.8 million shares outstanding relating to market-based restricted stock units with total unrecognized compensation totaling $39.2 million.
As of July 31, 2024, there was $101.1 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, 2024 and 2023, 252,622 shares and 201,441 shares of restricted stock totaling $16.6 million and $10.2 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, 2024 and 2023, employees purchased 70,309 shares at $60.43 per share and 105,311 shares at $44.59 per share, respectively. As of July 31, 2024, the ESPP had approximately 1.5 million shares remaining available for future issuance.
Common Stock
During the three months ended July 31, 2024 and 2023, the Company repurchased (on the open market or through privately negotiated transactions) 351,250 shares of the Company’s common stock for $23.5 million and 90,000 shares for $4.2 million, respectively.