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Stock-Based Compensation (Tables)
12 Months Ended
Apr. 30, 2014
Stock-Based Compensation [Abstract]  
Schedule Of Weighted Average Assumptions And Valuation Of Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FISCAL YEARS ENDED APRIL 30

 

 

 

2014

 

 

 

2013

 

 

 

2012

 

Weighted-average fair value of grants

$

14.46 

 

 

$

7.39 

 

 

$

5.43 

 

Expected volatility

 

38.2 

%

 

 

42.5 

%

 

 

35.1 

%

Expected term in years

 

6.1 

 

 

 

6.1 

 

 

 

6.0 

 

Risk-free interest rate

 

1.59 

%

 

 

1.09 

%

 

 

2.24 

%

Expected dividend yield

 

0.0 

%

 

 

0.0 

%

 

 

2.0 

%

 

Schedule Of Stock Option Activity

 

 

 

 

 

 

 

 

 

NUMBER OF OPTIONS

 

REMAINING CONTRACTUAL TERM

WEIGHTED AVERAGE EXERCISE PRICE

AGGREGATE INTRINSIC VALUE               (in thousands)

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

 

Cancelled or expired

(109,396)

 

- -

 

28.82

 

- -

Outstanding at April 30, 2012

1,624,760 

 

5.1

$

27.64

$

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

Granted

60,500 

 

9.1

 

36.74

 

- -

Exercised

(551,485)

 

- -

 

26.61

 

5,156 

Cancelled or expired

(59,514)

 

- -

 

30.17

 

- -

Outstanding at April 30, 2014

851,314 

 

4.3

$

28.16

$

3,121 

 

 

 

 

 

 

 

 

Vested and expected to vest in the future at April 30, 2014

836,259 

 

4.2

$

28.24

$

2,995 

Exercisable at April 30, 2014

699,412 

 

3.4

$

29.00

$

1,900 

 

Schedule Of Stock Options Oustanding Activity

 

 

 

 

 

 

 

 

 

 

OPTIONS OUTSTANDING

 

OPTIONS EXERCISABLE

OPTION PRICE

 

REMAINING

EXERCISE

 

 

EXERCISE

PER SHARE

OPTIONS

LIFE

PRICE

 

OPTIONS

PRICE

$17.62-$18.16

120,002 

7.7

$

17.83

 

20,000 

$

17.98

$20.87-$26.85

266,538 

4.5

 

23.93

 

266,538 

 

23.93

$28.97-$34.63

412,874 

2.6

 

32.81

 

412,874 

 

32.81

$36.74-$36.74

51,900 

9.1

 

36.74

 

 

0.00

 

851,314 

 

 

 

 

699,412 

 

 

 

Summary Of RSU's Activity

 

 

 

 

 

 

 

 

PERFORMANCE-BASED RSUs

SERVICE-BASED RSUs

TOTAL RSUs

 

WEIGHTED AVERAGE GRANT DATE FAIR VALUE

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)
(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)
(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

 

 

 

 

 

 

 

Granted

75,600 
44,092 
119,692 

 

$

36.09

Cancelled due to non-achievement of performance goals

(23,384)
(23,384)

 

$

17.62

Settled in common stock

(74,935)
(60,310)
(135,245)

 

$

19.75

Forfeited

(20,591)
(15,407)
(35,998)

 

$

23.12

Issued and outstanding, April 30, 2014

235,795 
123,375 
359,170 

 

$

22.79

 

Stock-Based Compensation Expense Allocated

 

 

 

 

 

 

 

 

 

(in thousands)

 

2014

 

 

2013

 

 

2012

Cost of sales and distribution

$

505 

 

$

606 

 

$

531 

Selling and marketing expenses

 

801 

 

 

859 

 

 

715 

General and administrative expenses

 

1,989 

 

 

2,044 

 

 

2,167 

Stock-based compensation expense, before income taxes

$

3,295 

 

$

3,509 

 

$

3,413