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Capital Stock and Changes in Capital Accounts | 3 Months Ended
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Jul. 31, 2025
Stockholders' Equity Note [Abstract] |
Capital Stock and Changes in Capital Accounts | Capital Stock and Changes in Capital Accounts Share Repurchases During the three months ended July 31, 2025, our Board of Directors approved an additional share repurchase program of $250 million of Class A or B Common Stock. No share repurchases were made under this program during the three months ended July 31, 2025. The share repurchase program is in addition to the share repurchase program approved by our Board of Directors during the year ended April 30, 2020 of $200 million of Class A or B Common Stock. As of July 31, 2025, we had authorization from our Board of Directors to purchase up to $43.4 million that was remaining under this program. The following table summarizes the share repurchases of Class A and Class B Common Stock (shares in thousands):
| Three Months Ended July 31,
| 2025 |  | 2024
Shares repurchased - Class A | 331 |  |  | 295 |
Shares repurchased - Class B | 1 |  |  | — |
Average Price - Class A and Class B | $ | 42.22 |  |  | $ | 42.34 |
The average price per share excludes excise taxes payable on share repurchases and may differ from the share repurchases reflected in Purchases of treasury shares in our Unaudited Condensed Consolidated Statements of Cash Flows. As of July 31, 2025, total shares repurchased include unsettled purchases. Dividends We declared and paid quarterly cash dividends on our Class A and Class B Common Stock for a total of $19.0 million and $19.2 million in the three months ended July 31, 2025 and 2024, respectively. Changes in Common Stock The following is a summary of changes during the three months ended July 31, in shares of our common stock and common stock in treasury (shares in thousands):
Changes in Class A Common Stock: | 2025 |  | 2024
Number of shares, beginning of year | 70,312 |  | 70,259
Common stock class conversions | — |  | 18
Number of shares issued, end of period | 70,312 |  | 70,277
Changes in Class A Common Stock in treasury: |  |  |
Number of shares held, beginning of year | 25,687 |  | 24,828
Restricted shares issued under stock-based compensation plans | (259) |  | (240)
Impact of tax withholding on stock-based compensation and other | 92 |  | 92
Purchases of treasury shares | 331 |  | 295
Number of shares held, end of period | 25,851 |  | 24,975
Number of Class A Common Stock outstanding, end of period | 44,461 |  | 45,302
Changes in Class B Common Stock: | 2025 |  | 2024
Number of shares, beginning of year | 12,870 |  | 12,923
Common stock class conversions | — |  | (18) |
Number of shares issued, end of period | 12,870 |  | 12,905
Changes in Class B Common Stock in treasury: |  |  |
Number of shares held, beginning of year | 4,101 |  | 3,928
Purchases of treasury shares | 1 |  | —
Number of shares held, end of period | 4,102 |  | 3,928
Number of Class B Common Stock outstanding, end of period | 8,768 |  | 8,977

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