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Employee Stock Plans (Tables)
9 Months Ended
Jan. 31, 2015
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
January 31,
     Nine Months Ended
January 31,
 
     2015      2014      2015      2014  
     (in thousands)  

Restricted stock

   $ 3,356       $ 2,931       $ 10,225       $ 8,478   

Stock options

     22         96         112         341   

ESPP

     41         —           41         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense, pre-tax

  3,419      3,027      10,378      8,819   

Tax benefit from stock-based compensation expense

  (1,032   (705   (3,128   (2,762
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense, net of tax

$ 2,387    $ 2,322    $ 7,250    $ 6,057   
  

 

 

    

 

 

    

 

 

    

 

 

 
Stock Options Transactions

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

 

     Nine Months Ended January 31, 2015  
     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

     (125    $ 17.75         

Forfeited/expired

     (15    $ 17.72         
  

 

 

          

Outstanding, January 31, 2015

  256    $ 15.40      1.79    $ 3,358   
  

 

 

       

 

 

    

 

 

 

Exercisable, January 31, 2015

  246    $ 15.11      1.72    $ 3,300   
  

 

 

       

 

 

    

 

 

 
Additional Information Pertaining to Stock Options

Additional information pertaining to stock options:

 

     Three Months Ended
January 31,
     Nine Months Ended
January 31,
 
     2015      2014      2015      2014  
     (in thousands)  

Total fair value of stock options vested

   $ —         $ 40       $ 334       $ 917   

Total intrinsic value of stock options exercised

   $ 145       $ 2,805       $ 1,516       $ 5,174   
Restricted Stock Activity

Restricted stock activity during the nine months ended January 31, 2015 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

     (580    $ 19.01   

Forfeited/expired

     (49    $ 21.44   
  

 

 

    

Non-vested, January 31, 2015

  1,690    $ 21.69