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Stock-Based Compensation (Tables)
 12 Months Ended
Apr. 30, 2013
Stock-Based Compensation [Abstract]  
Schedule Of Weighted Average Assumptions And Valuation Of Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FISCAL YEARS ENDED APRIL 30

 

 

 

2013

 

 

 

2012

 

 

 

2011

 

Weighted-average fair value of grants

$
7.39 

 

 

$
5.43 

 

 

$
8.87 

 

Expected volatility

 
42.5 

%

 

 
35.1 

%

 

 
49.1 

%

Expected term in years

 
6.1 

 

 

 
6.0 

 

 

 
6.2 

 

Risk-free interest rate

 
1.09 

%

 

 
2.24 

%

 

 
2.64 

%

Expected dividend yield

 
0.0 

%

 

 
2.0 

%

 

 
1.7 

%

 

Schedule Of Stock Option Activity

 

 

 

 

 

 

 

 

NUMBER OF OPTIONS

REMAINING CONTRACTUAL TERM

WEIGHTED AVERAGE EXERCISE PRICE

AGGREGATE INTRINSIC VALUE               (in thousands)

Outstanding at April 30, 2010
2,105,515 

5.6

$

29.03

$
295 

 

 

 

 

 

 

 

Granted

115,000 

9.1

 

20.87

 

- -

Exercised
(27,000)

- -

 

14.80

 
216 

Cancelled or expired
(588,159)

- -

 

29.58

 

- -

Outstanding at April 30, 2011
1,605,356 

5.7

$

28.48

$
29 

 

 

 

 

 

 

 

Granted

130,000 

9.1

 

18.16

 

- -

Exercised
(1,200)

- -

 

14.93

 
6 

Cancelled or expired
(109,396)

- -

 

28.82

 

- -

Outstanding at April 30, 2012
1,624,760 

5.1

$

27.64

$
0 

 

 

 

 

 

 

 

Granted

125,000 

9.1

 

17.62

 

- -

Exercised
(251,799)

- -

 

23.35

 
1,868 

Cancelled or expired
(96,148)

- -

 

31.03

 

- -

Outstanding at April 30, 2013
1,401,813 

4.8

$

27.27

$
9,272 

 

 

 

 

 

 

 

Vested and expected to vest in the future at April 30, 2013
1,375,039 

4.7

$

27.43

$
8,871 

Exercisable at April 30, 2013
1,156,809 

4.0

$

29.17

$
5,509 

 

Schedule Of Stock Options Outstanding Activity

 

 

 

 

 

 

 

 

 

 

OPTIONS OUTSTANDING

 

OPTIONS EXERCISABLE

OPTION PRICE

 

REMAINING

EXERCISE

 

 

EXERCISE

PER SHARE

OPTIONS

LIFE

PRICE

 

OPTIONS

PRICE

$17.62-$18.16
223,334 

8.7

$

17.86

 
14,998 

$

18.16

$20.87-$26.85
497,467 

5.0

 

24.05

 
460,799 

 

24.30

$28.97-$34.63
658,400 

3.4

 

32.39

 
658,400 

 

32.39

$38.37-$42.17
22,612 

1.5

 

41.73

 
22,612 

 

41.73

 
1,401,813 

 

 

 

 
1,156,809 

 

 

 

Schedule Of RSU's Activity

 

 

 

 

 

 

 

 

PERFORMANCE-BASED RSUS

SERVICE-BASED RSUS

TOTAL RSUS

 

WEIGHTED AVERAGE GRANT DATE FAIR VALUE

Issued and outstanding, April 30, 2010
117,900 
60,500 
178,400 

 

$

21.99

 

 

 

 

 

 

 

Granted
125,475 
61,825 
187,300 

 

$

19.25

Cancelled due to non-achievement of performance goals
(63,145)
0 
(63,145)

 

$

22.10

Settled in common stock
(364)
(260)
(624)

 

$

22.10

Forfeited
(5,296)
(2,965)
(8,261)

 

$

21.96

Issued and outstanding, April 30, 2011
174,570 
119,100 
293,670 

 

$

20.25

 

 

 

 

 

 

 

Granted
134,250 
64,750 
199,000 

 

$

17.00

Cancelled due to non-achievement of performance goals
(48,870)
0 
(48,870)

 

$

19.81

Settled in common stock
(666)
(17,951)
(18,617)

 

$

21.15

Forfeited
(22,208)
(10,171)
(32,379)

 

$

19.30

Issued and outstanding, April 30, 2012
237,076 
155,728 
392,804 

 

$

18.75

 

 

 

 

 

 

 

Granted
129,075 
63,025 
192,100 

 

$

17.76

Cancelled due to non-achievement of performance goals
(24,311)
0 
(24,311)

 

$

17.09

Settled in common stock
(49,546)
(58,328)
(107,874)

 

$

20.66

Forfeited
(13,189)
(5,425)
(18,614)

 

$

17.91

Issued and outstanding, April 30, 2013
279,105 
155,000 
434,105 

 

$

17.96

 

Stock-Based Compensation Expense Allocated

 

 

 

 

 

 

 

 

 

(in thousands)

 

2013

 

 

2012

 

 

2011

Cost of sales and distribution

$
606 

 

$
531 

 

$
735 

Selling and marketing expenses

 
859 

 

 
715 

 

 
842 

General and administrative expenses

 
2,044 

 

 
2,167 

 

 
2,418 

Stock-based compensation expense, before income taxes

$
3,509 

 

$
3,413 

 

$
3,995