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Employee Stock Plans (Tables)
6 Months Ended
Oct. 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
October 31,
    Six Months Ended
October 31,
 
     2012     2011     2012     2011  
     (in thousands)  

Restricted stock

   $ 2,847      $ 3,137      $ 5,833      $ 5,921   

Stock options

     226        187        436        445   

ESPP

     —          103        —          231   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total stock-based compensation expense, pre-tax

     3,073        3,427        6,269        6,597   

Tax benefit from stock-based compensation expense

     (1,581     (1,182     (2,745     (2,328
  

 

 

   

 

 

   

 

 

   

 

 

 

Total stock-based compensation expense, net of tax

   $ 1,492      $ 2,245      $ 3,524      $ 4,269   
  

 

 

   

 

 

   

 

 

   

 

 

 
Stock Options And SAR Transactions

Stock options transactions under the Company’s 2008 Plan, as amended to date, were as follows:

 

     Six Months Ended October 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

     (136   $ 8.20         

Forfeited/expired

     (74   $ 16.82         
  

 

 

         

Outstanding, October 31, 2012

     1,282      $ 14.55         2.80       $ 1,927   
  

 

 

      

 

 

    

 

 

 

Exercisable, October 31, 2012

     1,027      $ 14.76         2.42       $ 1,598   
  

 

 

      

 

 

    

 

 

 
Additional Information Pertaining To Stock Options And SARs

Additional information pertaining to stock options:

 

     Three Months  Ended
October 31,
     Six Months Ended
October  31,
 
     2012      2011      2012      2011  
     (in thousands, except per share data)  

Weighted-average fair value of stock options granted

   $ —         $ —         $ —         $ 9.61   

Total fair value of stock options vested

   $ 78       $ 78       $ 907       $ 894   

Total intrinsic value of stock options exercised

   $ 751       $ 11       $ 911       $ 859   
Restricted Stock Activity

Restricted stock activity during the six months ended October 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

     841      $ 13.77   

Vested

     (728   $ 8.02   

Forfeited/expired

     (17   $ 17.03   
  

 

 

   

Non-vested, October 31, 2012

     1,877      $ 12.25