Stock Repurchases

3 Months Ended

Jul. 31, 2011

Stock Repurchases

Stock Repurchases

G. Stock Repurchases

On August 19, 2002, our Board of Directors approved a resolution authorizing the repurchase of up to 2.0 million shares of our Class A common stock. We have made and will make these repurchases through open market purchases at prevailing market prices. The timing of any repurchase will depend upon market conditions, the market price of our common stock and management's assessment of our liquidity and cash flow needs. Under this repurchase plan, through July 31, 2011, we have repurchased 813,710 shares of common stock at a cost of approximately $4.1 million. Under all repurchase plans as of July 31, 2011, we have repurchased 4,348,663 shares of common stock at a cost of approximately $23.5 million.