XML 19 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Appreciation Rights (Tables)
12 Months Ended
Apr. 30, 2012
SARS [Abstract]  
Stock Appreciation Rights Vesting Schedule [Table Text Block]
Number of Years the Grantee has remained
a Torotel director following the Date of Grant
Shares represented
by a SAR in which
a Grantee is Vested
Under one
%
At least one but less than two
33
%
At least two but less than three
67
%
Three or more
100
%
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]
 
2012
2011
 
SARs
Under
Option
Weighted
Average
Grant
Price
SARs
Under
Option
Weighted
Average
Grant
Price
Outstanding at beginning of year
240,000

$
0.407

240,000

$
0.418

Granted
40,000

$
0.558

40,000

$
0.300

Exercised

$

(20,000
)
$
0.425

Forfeited

$

(20,000
)
$
0.310

Outstanding at end of year
280,000

$
0.429

240,000

$
0.407

SARs exercisable at end of year
210,000

$
0.439

180,000

$
0.439

Weighted average fair value of SARs granted during the year
 

$
0.256

 

$
0.560

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
2012
2011
Number outstanding
280,000

240,000

Range of grant prices, upper limit
$
0.695

$
0.695

Range of grant prices, lower limit
$
0.208

$
0.208

Weighted average grant price
$
0.429

$
0.407

Weighted average contractual life remaining (in years)
5.28

5.67

10-day average market price
$
0.270

$
0.560

Weighted average stock volatility
135.82
%
133.90
%
Weighted average expected life
4.86

3.00

Weighted average risk free rate
0.95
%
2.17
%
Weighted average dividend yield
%
%
Weighted average fair value price
$
0.278

$
0.444

Total vested SARs
210,000

180,000

Weighted average aggregate fair value
$
6,650

$
16,780

Weighted average aggregate intrinsic value
$
220

$
6,605

Total compensation expense (benefit)
$
(28,000
)
$
52,000

Unrecognized compensation expense related to non-vested SARs granted
$
9,000

$
28,000

Expected period to recognize compensation expense related to non-vested SARs granted (in years)
1.90

1.43

Total liability for SARs on consolidated balance sheets
$
52,000

$
80,000