Stock-Based Compensation	6 Months Ended
Oct. 31, 2016
Stock-Based Compensation	F. Stock-Based Compensation During the six months ended October 31, 2016 and 2015, we granted options for 342,000 and 1,063,000 shares of common stock, respectively. We recorded stock option compensation cost of approximately $389,000 and $410,000 and related income tax benefits of approximately $145,000 and $151,000 during the three months ended October 31, 2016 and 2015, respectively. We recorded stock option compensation cost of approximately $778,000 and $808,000 and related income tax benefits of approximately $285,000 and $297,000 during the six months ended October 31, 2016 and 2015, respectively. We recorded stock-based compensation expense on a straight-line basis over the vesting period directly to additional paid-in-capital. The Company adopted ASU No. 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting, in fiscal 2016. Under the new guidance, companies will no longer record excess tax benefits and certain tax deficiencies in additional paid-in capital. Instead, all excess tax benefits and tax deficiencies should be recognized as income tax expense or benefit in the income statement, and additional paid-in capital pools will be eliminated. The guidance requires companies to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity. Prior to the adoption of ASU No. 2016-09, cash flows resulting from the tax benefits generated by tax deductions in excess of the compensation cost recognized for those options (excess tax benefits) were classified as financing cash flows. During the six months ended October 31, 2015, we realized excess tax benefits of approximately $21,000 which are included as a component of cash flows from financing activities in the accompanying 2015 consolidated statements of cash flows. During the six months ended October 31, 2016 and 2015, we issued 314,000 and 112,848 shares of common stock, respectively, resulting from the exercise of stock options. The total intrinsic value of options exercised during the six months ended October 31, 2016 and 2015 based on market value at the exercise dates was approximately $293,000 and $321,000, respectively. As of October 31, 2016, unrecognized compensation cost related to unvested stock option awards approximated $3.0 million, which we expect to recognize over a weighted average period of 1.66 years.

Stock-Based Compensation

6 Months Ended

Oct. 31, 2016

F. Stock-Based Compensation

During the six months ended October 31, 2016 and 2015, we granted options for 342,000 and 1,063,000 shares of common stock, respectively. We recorded stock option compensation cost of approximately $389,000 and $410,000 and related income tax benefits of approximately $145,000 and $151,000 during the three months ended October 31, 2016 and 2015, respectively. We recorded stock option compensation cost of approximately $778,000 and $808,000 and related income tax benefits of approximately $285,000 and $297,000 during the six months ended October 31, 2016 and 2015, respectively. We recorded stock-based compensation expense on a straight-line basis over the vesting period directly to additional paid-in-capital.

The Company adopted ASU No. 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting, in fiscal 2016. Under the new guidance, companies will no longer record excess tax benefits and certain tax deficiencies in additional paid-in capital. Instead, all excess tax benefits and tax deficiencies should be recognized as income tax expense or benefit in the income statement, and additional paid-in capital pools will be eliminated. The guidance requires companies to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity.

Prior to the adoption of ASU No. 2016-09, cash flows resulting from the tax benefits generated by tax deductions in excess of the compensation cost recognized for those options (excess tax benefits) were classified as financing cash flows. During the six months ended October 31, 2015, we realized excess tax benefits of approximately $21,000 which are included as a component of cash flows from financing activities in the accompanying 2015 consolidated statements of cash flows.

During the six months ended October 31, 2016 and 2015, we issued 314,000 and 112,848 shares of common stock, respectively, resulting from the exercise of stock options. The total intrinsic value of options exercised during the six months ended October 31, 2016 and 2015 based on market value at the exercise dates was approximately $293,000 and $321,000, respectively. As of October 31, 2016, unrecognized compensation cost related to unvested stock option awards approximated $3.0 million, which we expect to recognize over a weighted average period of 1.66 years.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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