SHARE BASED COMPENSATION (Tables)

12 Months Ended

Apr. 30, 2016

Total share-based compensation expense recognized in the consolidated financial statements for the three years ended April 30, 2016 for all share-based awards was as follows (in thousands):


	Year Ended April 30,
	2016		2015		2014
Share based compensation expense	$	2,256	$	2,215	$	1,162

Schedule of Restricted Share Awards Activity

The activity for the three years ended April 30, 2016 related to our restricted share awards, excluding those subject to market conditions, was as follows.


		Wtd Avg Grant-
	Shares	Date Fair Value
Unvested at April 30, 2013	—	$	—
Granted	104,855		8.72
Unvested at April 30, 2014	104,855		8.72
Granted	107,536		7.17
Vested during year	(79,181)		8.72
Forfeited	(25,674)		8.72
Unvested at April 30, 2015	107,536		7.17
Vested during year	(107,536)		7.17
Unvested at April 30, 2016	—		—