Employee Stock Plans (Tables)

3 Months Ended

Jul. 31, 2012

Components Of Stock-Based Compensation Expense Recognized

The following table summarizes the components of stock-based compensation expense recognized in the Company’s consolidated statements of income for the periods indicated:


	Three Months Ended July 31,
	2012			2011
	(in thousands)
Restricted stock	$	2,986		$	2,784
Stock options and SARs		210			258
ESPP		—			128

Total stock-based compensation expense, pre-tax		3,196			3,170
Tax benefit from stock-based compensation expense		(1,164	)		(1,146	)

Total stock-based compensation expense, net of tax	$	2,032		$	2,024

Stock Options And SAR Transactions

Stock options transactions under the Company’s 2008 Plan were as follows:


	Three Months Ended July 31, 2012
	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
	(in thousands, except per share data)
Outstanding, April 30, 2012		1,492		$	14.00
Exercised		(24	)	$	7.95
Forfeited/expired.		(35	)	$	18.65

Outstanding, July 31, 2012		1,433		$	14.02		2.89	$	2,489

Exercisable, July 31, 2012		1,164		$	14.08		2.50	$	2,179

Additional Information Pertaining To Stock Options And SARs

Additional information pertaining to stock options:


	Three Months Ended July 31,
	2012		2011
	(in thousands, except per share data)
Weighted-average fair value per share of stock options granted	$	—	$	9.61
Total fair value of stock options vested	$	829	$	816
Total intrinsic value of stock options exercised	$	160	$	848

Restricted Stock Activity

Restricted stock activity during the three months ended July 31, 2012, is summarized below:


	Shares			Weighted- Average Grant Date Fair Value
	(in thousands, except per share data)
Non-vested, April 30, 2012		1,781		$	9.85
Granted		798		$	13.41
Vested		(669	)	$	4.46
Forfeited/expired		(7	)	$	16.36

Non-vested, July 31, 2012		1,903		$	13.21