Employee Stock Plans (Tables)

6 Months Ended

Oct. 31, 2014

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,
	2014			2013			2014			2013
	(in thousands)
Restricted stock	$	3,617		$	2,727		$	6,869		$	5,547
Stock options		23			105			90			245

Total stock-based compensation expense, pre-tax		3,640			2,832			6,959			5,792
Tax benefit from stock-based compensation expense		(1,114	)		(865	)		(2,096	)		(2,057	)

Total stock-based compensation expense, net of tax	$	2,526		$	1,967		$	4,863		$	3,735

Stock Options Transactions

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


	Six Months Ended October 31, 2014
	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
	(in thousands, except per share data)
Outstanding, April 30, 2014		396		$	16.23
Exercised		(110	)	$	17.47
Forfeited/expired		(6	)	$	19.37

Outstanding, October 31, 2014		280		$	15.69		2.02	$	3,429

Exercisable, October 31, 2014		270		$	15.44		1.96	$	3,377

Additional Information Pertaining to Stock Options

Additional information pertaining to stock options:


	Three Months Ended October 31,				Six Months Ended October 31,
	2014		2013		2014		2013
	(in thousands)
Total fair value of stock options vested	$	10	$	75	$	334	$	877
Total intrinsic value of stock options exercised	$	332	$	705	$	1,371	$	2,369

Restricted Stock Activity

Restricted stock activity during the six months ended October 31, 2014 is summarized below:


	Shares			Weighted- Average Grant Date Fair Value
	(in thousands, except per share data)
Non-vested, April 30, 2014		1,880		$	18.95
Granted		439		$	29.86
Vested		(569	)	$	19.02
Forfeited/expired		(5	)	$	17.02

Non-vested, October 31, 2014		1,745		$	21.68