Share-Based Payments

3 Months Ended

Jul. 31, 2011

Note E — Share-Based Payments

The Company provides for equity-based incentives to be awarded to key employees and non-employee directors. These incentives are administered primarily through the 2010 Equity and Incentive Compensation Plan, and currently consist of restricted shares, restricted stock units, deferred shares, deferred stock units, performance units, and stock options.

The following table summarizes amounts related to share-based payments.


	Three Months Ended
	July 31,
	2011		2010

Share-based compensation expense included in selling, distribution, and administrative expenses	$	5,151	$	4,340
Share-based compensation expense included in other merger and integration costs		881		988
Share-based compensation expense included in other restructuring costs		43		64

Total share-based compensation expense	$	6,075	$	5,392

Related income tax benefit	$	2,014	$	1,688

As of July 31, 2011, total compensation cost related to nonvested share-based awards not yet recognized was approximately $46,541. The weighted-average period over which this amount is expected to be recognized is approximately 3.6 years.