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Employee Stock Plans (Tables)
6 Months Ended
Oct. 31, 2016
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,
 
     2016      2015      2016      2015  
     (in thousands)  

Restricted stock

   $     4,352       $     5,178       $     9,091       $     8,732   

ESPP

     253         144         429         264   

Stock options

                             17   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense, pre-tax

     4,605         5,322         9,520         9,013   

Tax benefit from stock-based compensation expense

     (1,184      (1,714      (2,668      (2,868
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense, net of tax

   $ 3,421       $ 3,608       $ 6,852       $ 6,145   
  

 

 

    

 

 

    

 

 

    

 

 

 
Restricted Stock Activity

Restricted stock activity during the six months ended October 31, 2016 is summarized below:

 

     Shares      Weighted-
Average Grant
Date Fair Value
 
     (in thousands, except per share data)  

Non-vested, April 30, 2016

             1,506       $         34.12   

Granted

     781       $ 16.29   

Vested

     (693    $ 22.28   

Forfeited/expired

     (22    $ 25.88   
  

 

 

    

Non-vested, October 31, 2016

     1,572       $ 30.59