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Stock-Based Compensation
6 Months Ended
Oct. 31, 2011
Stock-Based Compensation [Abstract]  
Stock-Based Compensation
NOTE E--STOCK-BASED COMPENSATION

The Company has various stock compensation plans.  During the quarter ended October 31, 2011, the Board of Directors of the Company approved grants of a total of 20,000 service-based restricted stock units to non-employee directors.  These service-based restricted stock units vest daily through the end of the two-year vesting period as long as the recipient remains a member of the Board, and entitle the recipient to receive one share of the Company's common stock per unit granted.  During the six months ended October 31, 2011, the Board of Directors of the Company also approved grants of non-statutory stock options and service-based and performance-based restricted stock units to key employees. The employee non-statutory stock option grants totaled 130,000 shares of the Company's common stock with an exercise price of $18.16 per share. The options vest evenly over a three-year period and have a ten-year contractual term. The employee performance-based restricted stock units totaled 134,250 units and the employee service-based restricted stock units totaled 44,750 units.  The performance-based restricted stock units entitle the recipients to receive one share of the Company's common stock per unit granted if applicable performance conditions are met and the recipient remains employed with the Company until the units vest.  The service-based units entitle the recipient to receive one share of the Company's common stock per unit granted if they remain employed with the Company until the units vest.  The Company's restricted stock units granted to employees cliff-vest three-years from  the grant date.

Total compensation expense related to stock-based awards during the three-month periods ended October 31, 2011 and 2010 was $0.9 million and $1.0 million, respectively, and for the six-month periods ended October 31, 2011 and 2010 was $1.8 million and $1.8 million, respectively.  For the three-month and six-month periods ended October 31, 2011 and 2010, stock-based compensation expense was allocated as follows:
 
 
 
Three Months Ended
October 31,
   
Six Months Ended
October 31,
 
(in thousands)
 
2011
   
2010
   
2011
   
2010
 
Cost of sales and distribution
  $ 138     $ 186     $ 298     $ 330  
Selling and marketing expenses
    187       222       389       399  
General and administrative expenses
    529       545       1,146       1,071  
Stock-based compensation expense
  $ 854     $ 953     $ 1,833     $ 1,800