XML 45 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Apr. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule Of Weighted Average Assumptions And Valuation Of Stock Options
The Company did not grant stock options during the fiscal years ended April 30, 2018 and 2017.
 
FISCAL YEAR ENDED APRIL 30
 
2016
Weighted-average fair value of grants
$
18.59

Expected volatility
29.8
%
Expected term in years
5.8

Risk-free interest rate
2.16
%
Expected dividend yield
0.0
%
Schedule Of Stock Option Activity
The following table presents a summary of the Company’s stock option activity for the fiscal years ended April 30, 2018, 2017 and 2016 (remaining contractual term in years and exercise prices are weighted-averages):
 
NUMBER OF OPTIONS

WEIGHTED AVERAGE REMAINING CONTRACTUAL TERM

WEIGHTED AVERAGE EXERCISE PRICE

AGGREGATE INTRINSIC VALUE
(in thousands)
Outstanding at April 30, 2015
398,075


5.0

$28.46

$
8,851











Granted
30,700


9.1

57.11

—

Exercised
(287,975
)

—

27.99

11,089

Cancelled or expired
(14,167
)

—

40.43

—

Outstanding at April 30, 2016
126,633


5.8

$35.15

$
4,773











Granted
—


—

—

—

Exercised
(71,715
)

—

33.00

2,597

Cancelled or expired
—


—

—

—

Outstanding at April 30, 2017
54,918


5.6

$37.95

$
2,963











Granted
—


—

—

—

Exercised
(36,950
)

—

34.90

1,748

Cancelled or expired
—


—

—

—

Outstanding at April 30, 2018
17,968


4.5

$44.23

$
682











Vested and expected to vest in the future at April 30, 2018
17,968


4.5

$44.23

$
682

Exercisable at April 30, 2018
9,266


2.1

$32.14

$
464
Schedule Of Stock Options Oustanding Activity
The following table summarizes information about stock options outstanding at April 30, 2018 (remaining lives in years and exercise prices are weighted-averages):
 
OPTIONS OUTSTANDING

OPTIONS EXERCISABLE
OPTION PRICE
 

REMAINING

EXERCISE

 

EXERCISE
PER SHARE
OPTIONS

LIFE

PRICE

OPTIONS

PRICE
$22.77-$23.96
6,800


0.2

$23.09

6,800


$23.09
$57.11
11,168


7.1

$57.11

2,466


57.11
 
17,968


 

 

9,266


 
Summary Of RSU's Activity
The following table contains a summary of the Company’s RSU activity for the fiscal years ended April 30, 2018, 2017 and 2016:
 
PERFORMANCE-BASED RSUs

SERVICE-BASED RSUs

TOTAL RSUs

WEIGHTED AVERAGE GRANT
DATE FAIR VALUE
Issued and outstanding, April 30, 2015
210,944


103,850


314,794


$27.15











Granted
48,201


22,349


70,550


$57.83
Cancelled due to non-achievement of performance goals
(19,657
)

—


(19,657
)

$29.92
Settled in common stock
(89,665
)

(46,950
)

(136,615
)

$19.57
Forfeited
(9,056
)

(3,537
)

(12,593
)

$40.99
Issued and outstanding, April 30, 2016
140,767


75,712


216,479


$40.88











Granted
36,058


25,322


61,380


$66.58
Cancelled due to non-achievement of performance goals
(4,270
)

—


(4,270
)

$64.55
Settled in common stock
(45,509
)

(32,300
)

(77,809
)

$37.09
Forfeited
(1,979
)

(1,280
)

(3,259
)

$49.40
Issued and outstanding, April 30, 2017
125,067


67,454


192,521


$50.09











Granted
33,080


22,250


55,330


$95.62
Cancelled due to non-achievement of performance goals
—


—


—


—
Settled in common stock
(51,191
)

(28,447
)

(79,638
)

$32.96
Forfeited
(9,305
)

(6,198
)

(15,503
)

$71.91
Issued and outstanding, April 30, 2018
97,651


55,059


152,710


$73.34
Stock-Based Compensation Expense Allocated
For the fiscal years ended April 30, 2018, 2017 and 2016 stock-based compensation expense was allocated as follows:
(in thousands)
2018

2017

2016
Cost of sales and distribution
$
667


$
665


$
608

Selling and marketing expenses
756


1,066


1,079

General and administrative expenses
1,674


1,738


1,922

Stock-based compensation expense, before income taxes
$
3,097


$
3,469


$
3,609