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Stockholders' (Deficit) Equity (Tables)
12 Months Ended
Apr. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity for fiscal year 2014.

 

     Stock
Options
    Weighted
Average
Exercise Price
     Weighted
Average
Remaining
Contractual
Term (years)
     Aggregate
Intrinsic Value
 

Outstanding, April 30, 2013

     1,442      $ 8.48         

Granted

     157      $ 5.65         

Exercised

     (33   $ 4.30         

Forfeited

     (198   $ 7.03         
  

 

 

         

Outstanding, April 30, 2014

     1,368      $ 8.65         4.8       $ 543   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable, April 30, 2014

     1,027      $ 10.02         3.4       $ 294   
  

 

 

   

 

 

    

 

 

    

 

 

 

Expected to vest, April 30, 2014

     1,368      $ 8.65         4.8       $ 543   
  

 

 

   

 

 

    

 

 

    

 

 

 
Schedule of Fair Value of Stock Options Weighted Average Assumptions

The weighted average fair value of stock options granted during fiscal years 2014, 2013 and 2012 were $4.22, $3.03 and $4.14 per option, respectively, which were calculated assuming no expected dividend yield using the following weighted average assumptions:

 

     Fiscal Year Ended April 30,  
     2014     2013     2012  

Expected life

     6.79 years        6.82 years        5.50 years   

Risk-free interest rate

     2.22     1.14     0.82

Expected volatility

     83.96     84.40     91.54
Summary of Restricted Stock, Restricted Stock Unit and Performance Stock Unit Activity

The following table summarizes restricted stock, restricted stock unit and performance stock unit activity for fiscal year 2014.

 

    Restricted Stock,
Restricted Stock Units,
and Performance Stock
Units (1)
    Weighted
Average
Grant Price
     Weighted Average
Remaining
Contractual Term
(years)
     Aggregate Intrinsic
Value
 

Outstanding, April 30, 2013

    1,088      $ 5.28         

Granted

    542      $ 4.28         

Class A Common Stock Vested

    (327   $ 4.89         

Forfeited

    (226   $ 5.86         
 

 

 

         

Outstanding, April 30, 2014

    1,077      $ 4.77         1.5       $ 500   
 

 

 

   

 

 

    

 

 

    

 

 

 

Expected to vest, April 30, 2014

    947      $ 4.82         1.5       $ 409   
 

 

 

   

 

 

    

 

 

    

 

 

 

 

(1) Performance stock units are included at the 100% attainment level. Attainment of maximum annual returns on net assets could result in the issuance of an additional 255 shares of Class A common stock.
Summary of Grant Activity for Other Stock Awards

The following table summarizes the grant activity for other stock awards for fiscal years 2014, 2013 and 2012, respectively:

 

     Granted      Weighted
Average
Grant Date
Fair Value
     Unissued
at April
30, 2014
 

Fiscal year 2012 grants

        

Restricted stock units

     305       $ 6.12         62   

Performance stock units

     255       $ 6.06         —     

Restricted stock awards

     51       $ 5.83         —     
  

 

 

       

 

 

 

Total

     611            62   
  

 

 

       

 

 

 

Fiscal year 2013 grants

        

Restricted stock units

     340       $ 5.15         176   

Performance stock units

     316       $ 5.17         255   

Restricted stock awards

     79       $ 4.45         —     
  

 

 

       

 

 

 

Total

     735            431   
  

 

 

       

 

 

 

Fiscal year 2014 grants

        

Restricted stock units

     482       $ 4.09         454   

Restricted stock awards

     60       $ 5.81         —     
  

 

 

       

 

 

 

Total

     542            454   
  

 

 

       

 

 

 

Accumulated Other Comprehensive Loss

The changes in the balances of each component of accumulated other comprehensive income (loss) for fiscal years 2014, 2013 and 2012 are as follows:

 

     Marketable
Securities
    Commodity
Hedges
    Interest
Rate Swaps
    Total  

Balance as of April 30, 2011

   $ 8      $ 370      $ —        $ 378   

Other comprehensive (loss) income before reclassifications

     (4     621        (2,369     (1,752

Amounts reclassified from accumulated other comprehensive income

     —          (578     —          (578
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive (loss) income

     (4     43        (2,369     (2,330
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of April 30, 2012

     4        413        (2,369     (1,952

Other comprehensive income (loss) before reclassifications

     23        (1,653     (1,257     (2,887

Amounts reclassified from accumulated other comprehensive loss

     —          621        3,626        4,247   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income (loss)

     23        (1,032     2,369        1,360   
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of April 30, 2013

     27        (619     —          (592

Other comprehensive income (loss) before reclassifications

     12        (36     —          (24

Amounts reclassified from accumulated other comprehensive loss

     —          655        —          655   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income

     12        619        —          631   
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of April 30, 2014

   $ 39      $ —        $ —        $ 39   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

 

Reclassification Out of Accumulated Other Comprehensive Income (Loss)

A summary of reclassifications out of accumulated other comprehensive income (loss) for fiscal year 2014, 2013 and 2012 is as follows:

 

     Fiscal Year Ended
April 30,
     
     2014     2013     2012      

Details about Accumulated Other
Comprehensive Income (Loss) Components

   Amount Reclassified Out of
Accumulated Other
Comprehensive Income (Loss)
   

Affected Line Item in the Consolidated
Statements of Operations

Loss on derivative instruments:

        

Comodity Hedges

   $ —        $ —        $ 130      Revenues

GreenFiber Commodity hedges

     (405     (621     547      Loss from equity method investments

Interest rate contracts

     —          (3,626     —        Loss on derivative instruments
  

 

 

   

 

 

   

 

 

   
     (405     (4,247     677     

Loss from continuing operations before income taxes and discontinued operations

     (250     —          (99   Provision (benefit) for income taxes
  

 

 

   

 

 

   

 

 

   
   $ (655   $ (4,247   $ 578      Loss from continuing operations