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Employee Stock Plans | 3 Months Ended
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Jul. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Employee Stock Plans | Employee Stock Plans Stock-Based Compensation The following table summarizes the components of stock-based compensation expense recognized in the Company’s condensed consolidated statements of income for the periods indicated:
| Three Months Ended July 31,
| 2025 |  | 2024
| (in thousands)
Restricted stock | $ | 10,790 |  |  | $ | 10,561 |
ESPP | 219 |  |  | 222 |
Total stock-based compensation expense | $ | 11,009 |  |  | $ | 10,783 |
Restricted Stock Restricted stock activity during the three months ended July 31, 2025 is summarized below:
| Shares |  | Weighted- Average Grant Date Fair Value
| (in thousands, except per share data)
Non-vested, April 30, 2025 | 1,770 |  | $ | 63.15 |
Granted | 796 |  | $ | 73.18 |
Vested | (649) |  | $ | 54.52 |
Forfeited/expired | (4) |  | $ | 59.09 |
Non-vested, July 31, 2025 | 1,913 |  | $ | 70.26 |
As of July 31, 2025, there were 0.8 million shares outstanding relating to market-based restricted stock units with total unrecognized compensation totaling $41.5 million. As of July 31, 2025, there was $112.2 million of total unrecognized compensation cost related to all non-vested awards of restricted stock, which is expected to be recognized over a weighted-average period of 2.8 years. During the three months ended July 31, 2025 and 2024, 254,047 shares and 252,622 shares of restricted stock totaling $18.7 million and $16.6 million, respectively, were repurchased by the Company, at the option of employees, to pay for taxes related to the vesting of restricted stock. Employee Stock Purchase Plan During the three months ended July 31, 2025 and 2024, employees purchased 63,001 shares at $66.00 per share and 70,309 shares at $60.43 per share, respectively, under the ESPP. As of July 31, 2025, the ESPP had approximately 1.4 million shares remaining available for future issuance. Common Stock During the three months ended July 31, 2025 and 2024, the Company repurchased (on the open market or through privately negotiated transactions) 145,770 shares of the Company’s common stock for $9.9 million and 351,250 shares for $23.5 million, respectively. Cash Dividends The following table shows the Company's cash dividend declared per share for the periods indicated:
| Three Months Ended July 31,
| 2025 |  | 2024
Cash dividends declared per share | $ | 0.48 |  |  | $ | 0.37 |

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