Stock-Based Compensation (Tables)

12 Months Ended

Apr. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The weighted-average assumptions and valuation of the Company’s stock options were as follows:

	FISCAL YEAR ENDED APRIL 30, 2024
Weighted-average fair value of grants	$	77.19
Expected volatility	48.65		%
Expected term in years	6.5
Risk-free interest rate	4.32		%
Expected dividend yield	—		%

Summary Of RSU's Activity

The following table contains a summary of the Company's RSU activity for the fiscal years ended April 30, 2024, 2023, and 2022:

	PERFORMANCE-BASED RSUs	SERVICE-BASED RSUs	TOTAL RSUs	WEIGHTED AVERAGE GRANT DATE FAIR VALUE
Issued and outstanding, April 30, 2021	131,684	91,471	223,155	$64.81
Granted	57,392	85,568	142,960	$76.97
Cancelled due to non-achievement of performance goals	(1,975)	—	(1,975)	$104.10
Settled in common stock	(19,930)	(23,242)	(43,172)	$71.47
Forfeited	(12,561)	(6,563)	(19,124)	$72.79
Issued and outstanding, April 30, 2022	154,610	147,234	301,844	$69.10
Granted	119,772	82,848	202,620	$51.77
Cancelled due to non-achievement of performance goals	(38,454)	—	(38,454)	$73.85
Settled in common stock	(19,478)	(49,916)	(69,394)	$63.12
Forfeited	(16,620)	(9,986)	(26,606)	$63.15
Issued and outstanding, April 30, 2023	199,830	170,180	370,010	$61.77
Granted	155,062	79,778	234,840	$63.41
Cancelled due to non-achievement of performance goals	(9,949)	—	(9,949)	$63.83
Settled in common stock	(45,109)	(68,034)	(113,143)	$65.02
Forfeited	(14,939)	(8,400)	(23,339)	$66.52
Issued and outstanding, April 30, 2024	284,895	173,524	458,419	$61.85

Stock-Based Compensation Expense Allocated

For the fiscal years ended April 30, 2024, 2023, and 2022 stock-based compensation expense was allocated as follows:

	FISCAL YEARS ENDED APRIL 30,
(in thousands)	2024		2023		2022
Cost of sales and distribution	$	2,377	$	2,154	$	1,299
Selling and marketing expenses	2,364		1,941		1,266
General and administrative expenses	5,941		3,301		2,143
Stock-based compensation expense, before income taxes	$	10,682	$	7,396	$	4,708

Schedule Of Stock Option Activity

The following table presents a summary of the Company’s stock option activity for the fiscal year ended April 30, 2024 (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, 2023	—	0	$	—	$	—
Granted	92,340	9.4	77.19		$	1,375
Exercised	—	0	—		$	—
Cancelled or expired	(10,260)	0	77.19		$	153
Outstanding at April 30, 2024	82,080	9.4	$	77.19	$	1,222
Vested and expected to vest in the future at April 30, 2024	82,080	9.4	$	77.19	$	1,222
Exercisable at April 30, 2024	—	0	$	—	$	—