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Employee Stock Plans (Tables)
9 Months Ended
Jan. 31, 2017
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 operations for the periods indicated:

 

     Three Months Ended
January 31,
     Nine Months Ended
January 31,
 
     2017      2016      2017      2016  
     (in thousands)  

Restricted stock

   $ 4,406      $ 4,399      $ 13,497      $ 13,131  

ESPP

     175        127        604        391  

Stock options

     —          —          —          17  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense, pre-tax

     4,581        4,526        14,101        13,539  

Tax benefit from stock-based compensation expense

     (1,111      (1,989      (3,778      (4,857
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense, net of tax

   $ 3,470      $ 2,537      $ 10,323      $ 8,682  
  

 

 

    

 

 

    

 

 

    

 

 

 
Restricted Stock Activity

Restricted stock activity during the nine months ended January 31, 2017 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

     804      $ 16.64  

Vested

     (713    $ 23.80  

Forfeited/expired

     (22    $ 25.88  
  

 

 

    

Non-vested, January 31, 2017

     1,575      $ 30.59