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Preferred and Common Stock (Tables) | 12 Months Ended
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Apr. 30, 2022
Share-based Payment Arrangement [Abstract] |
Schedule of Restricted Stock and Restricted Stock Unit Grants | The following table summarizes the equity-related grants made during the three-year period ended April 30, 2022:
Date of Grant | Type of Grant | Shares Granted | Recipients | Vesting Date | Fair Value at Grant Date
June 4, 2019 | Restricted Stock Units | 75,959 |  | Key Employees | June 4, 2022 | $9,886
June 4, 2019 | Restricted Stock Units (1) | 59,579 |  | Officers | June 4, 2022 | $9,097
June 24, 2019 | Restricted Stock Units (2) | 32,786 |  | CEO | Various (2) | $5,700
September 4, 2019 | Restricted Stock Units | 5,504 |  | Non-Employee Board Members | 2020 Annual Shareholders' Meeting | $919
December 23, 2019 | Restricted Stock Units (3) | 5,000 |  | CEO | Various (3) | $788
Fiscal 2020 -Various | Restricted Stock Units (4) | 8,444 |  | Officers | Various (4) | $1,368
Fiscal 2020 -Various | Restricted Stock Units (5) | 1,763 |  | Officers | Various (5) | $354
Fiscal 2021 -Various | Restricted Stock Units | 80,050 |  | Key Employees | Vests ratably on anniversary date over three-year period | $13,417
Fiscal 2021 -Various | Restricted Stock Units (6) | 94,756 |  | Officers | Various (6) | $17,856
September 2, 2020 | Restricted Stock Units | 5,240 |  | Non-Employee Board Members | 2021 Annual Shareholders' Meeting | $951
Fiscal 2021 -Various | Restricted Stock Units (7) | 29,890 |  | Key Employees and Officers | Various (7) | $5,153
May 3, 2021 | Restricted Stock Units | 5,053 |  | Officers | June 15, 2021 | $1,760
Fiscal 2022 -Various | Restricted Stock Units | 54,525 |  | Key Employees | Vests ratably on anniversary date over three-year period | $11,654
Fiscal 2022 -Various | Restricted Stock Units (6) | 88,224 |  | Officers | Various (6) | $19,629
September 1, 2021 | Restricted Stock Units | 5,275 |  | Non-Employee Board Members | 2022 Annual Shareholders' Meeting | $1,081
Fiscal 2022 -Various | Restricted Stock Units (7) | 1,201 |  | Key Employees and Officers | Various (7) | $227
(1) This grant of restricted stock units ("RSUs") includes time-based, performance-based and market-based awards. The performance-based awards represent a “target” amount; the final amount earned is based on the satisfaction of certain performance measures over a three-year performance period and will range from 0% to 200% of “target". Total performance-based expense of approximatel y $6.9 million (compared to a grant date fair value of $3.4 million) will be recognized on a straight-line basis over the vesting period, subject to acceleration for retirement provisions. The market-based awards incorporate market conditions in determining fair value as of the grant date, and will also range from 0% to 200% of "target". Total market-based expense of approximately $2.8 million will be recognized on a straight-line basis over the vesting period, subject to acceleration for retirement provisions. (2) This grant of RSUs includes time-based awards that vest ratably on each June 24, 2020 through 2022, along with a market-based award vesting June 24, 2022. The market-based award incorporates market conditions in determining fair value on the grant date and will range from 0% to 200% of target. Total market-based expense of approximately $1.8 million will be recognized on a straight-line basis over the vesting period. (3) This grant of RSUs includes performance-based awards which are calculated based upon targets achieved over a performance period of January 1, 2020 to December 31, 2020. Now that the performance targets are met, the units vest ratably on each January 15, 2021 through 2023. (4) These grants of RSUs were issued to various officers throughout the 2020 fiscal year. The grants were comprised of time-based awards and vest in accordance with the vesting schedules in the award agreements, ranging from January 2021 to January 2023. (5) These grants of RSUs were issued to various officers throughout the 2020 fiscal year. The grants include performance-based and market-based awards. The performance-based awards represent a “target” amount; the final amount earned is based on the satisfaction of certain performance measures over a three-year performance period and will range from 0% to 200% of “target". Total performance-based expense of approximately $354 (compared to a grant date fair value of $177) will be recognized on a straight-line basis over the vesting period. The market-based awards incorporate market conditions in determining fair value as of the grant date, and will also range from 0% to 200% of "target". Total market-based expense of approximately $177 will be recognized on a straight-line basis over the vesting period. (6) These grants of RSUs were issued to officers throughout the 2021 and 2022 fiscal years. The grants include time-based awards and performance-based awards. The time-based awards vest ratably over a three-year period commencing on the first anniversary of the grant date. The performance-based awards represent a “target” amount; the final amount earned is based on the satisfaction of certain performance measures over a three-year performance period and will range from 0% to 200% of “target". In addition, the performance-based award is subject to the TSR Modifier. Total performance-based expense of approximately $25.3 million for the 2021 grant and $14.0 million for the 2022 grant (compared to a grant date fair value of $13.9 million and $14.7 million, respectively) will be recognized on a straight-line basis over the vesting period, subject to acceleration for retirement provisions. (7) These grants of RSUs were issued to officers and key employees throughout the 2021 and 2022 fiscal years. The grants include primarily time-based awards, as well as a performance-based award. The time-based awards vest in accordance with the vesting schedules in the award agreements, ranging from June 2021 to March 2024. The grants also include one performance-based award that represents a “target” amount; the final amount earned is based on the satisfaction of certain performance measures over a three-year performance period and will range from 0% to 200% of the “target". In addition, the performance-based award is subject to the TSR Modifier. Total performance-based expense of approximately $2.6 million (compared to a grant date fair value of $1.3 million) will be recognized on a straight-line basis over the vesting period, subject to acceleration for retirement provisions.
Schedule of Restricted Stock Units Award Activity | Information concerning the issuance of restricted stock units under the 2018 Plan is presented in the following table:
Unvested at April 30, 2019 | 388,800 |
Granted | 189,035 |
Vested | (108,484) |
Forfeited | (25,146) |
Performance Award Adjustments | 29,594 |
Unvested at April 30, 2020 | 473,799 |
Granted | 209,936 |
Vested | (154,842) |
Forfeited | (12,275) |
Performance Award Adjustments | 130,302 |
Unvested at April 30, 2021 | 646,920 |
Granted | 154,278 |
Vested | (242,955) |
Forfeited | (30,055) |
Performance Award Adjustments | (1,794) |
Unvested at April 30, 2022 | 526,394 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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