Stock Repurchases

6 Months Ended

Oct. 31, 2014

Stock Repurchases

H. Stock Repurchases

On August 19, 2002, our Board of Directors approved a resolution authorizing the repurchase of up to an additional 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 October 31, 2014, we have repurchased 997,627 shares of common stock at a cost of approximately $5.7 million. As of October 31, 2014, under all repurchase plans previously authorized, including this most recent plan, we have repurchased a total of 4,532,580 shares of common stock at a cost of approximately $25.1 million.