Stock Repurchases

6 Months Ended

Oct. 31, 2023

Equity [Abstract]

Stock Repurchases

Stock Repurchases

On August 19, 2002, our Board of Directors authorized 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 Class A common stock and management’s assessment of our liquidity and cash flow needs. Under this repurchase plan, we have repurchased 1,484,255 shares of Class A common stock at a cost of approximately $11.0 million, which had a $4.8 million impact on fiscal 2024. As of October 31, 2023, under all repurchase plans previously authorized, including this most recent plan, we have repurchased a total of 5,019,208 shares of common stock at a cost of approximately $30.4 million.