Employee Stock Plans (Tables)

6 Months Ended

Oct. 31, 2013

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,
	2013			2012			2013			2012
	(in thousands)
Restricted stock	$	2,727		$	2,847		$	5,547		$	5,833
Stock options		105			226			245			436

Total stock-based compensation expense, pre-tax		2,832			3,073			5,792			6,269
Tax benefit from stock-based compensation expense		(865	)		(1,581	)		(2,057	)		(2,745	)

Total stock-based compensation expense, net of tax	$	1,967		$	1,492		$	3,735		$	3,524

Stock Options Transactions

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


	Six Months Ended October 31, 2013
	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
	(in thousands, except per share data)
Outstanding, April 30, 2013		1,100		$	14.72
Exercised		(315	)	$	12.53
Forfeited/expired		(26	)	$	12.51

Outstanding, October 31, 2013		759		$	15.70		2.28	$	6,145

Exercisable, October 31, 2013		685		$	15.60		2.11	$	5,616

Additional Information Pertaining to Stock Options

Additional information pertaining to stock options:


	Three Months Ended October 31,				Six Months Ended October 31,
	2013		2012		2013		2012
	(in thousands)
Total fair value of stock options vested	$	75	$	78	$	877	$	907
Total intrinsic value of stock options exercised	$	705	$	751	$	2,369	$	911

Restricted Stock Activity

Restricted stock activity during the six months ended October 31, 2013 is summarized below:


	Shares			Weighted- Average Grant Date Fair Value
	(in thousands, except per share data)
Non-vested, April 30, 2013		1,810		$	16.38
Granted		589		$	19.77
Vested		(492	)	$	14.35
Forfeited/expired		(197	)	$	16.92

Non-vested, October 31, 2013		1,710		$	18.08