Shareholders' Equity

6 Months Ended

Oct. 31, 2015

Shareholders' Equity

24. Shareholders’ Equity

On October 20, 2015, the Company’s Board of Directors authorized a new stock repurchase program of up to $50,000 of its common shares. Stock repurchases under this program may be made through open market and privately negotiated transactions from time to time and in such amounts as management deems appropriate. The repurchase program has no expiration date and may be suspended or discontinued at any time. The Company’s repurchase plan intends to comply with the requirements of Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. As of October 31, 2015, the Company has repurchased 34,961,275 shares at a cost of approximately $1,081,803 since the inception of the Company’s stock repurchase programs. The repurchased shares are held in treasury.