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SHARE BASED COMPENSATION (Tables)
12 Months Ended
Apr. 30, 2015
SHARE BASED COMPENSATION  
Compensation Expense Recognized

Total share-based compensation expense recognized in the consolidated financial statements for the three years ended April 30, 2015 for all share-based awards was as follows (in thousands):

 

 

 

Year Ended April 30,

 

 

 

2015

 

2014

 

2013

 

Share based compensation expense

 

$

2,215

 

$

1,162

 

$

45

 

 

Schedule of Restricted Share Awards Activity

The activity for the two years ended April 30, 2015 related to the Company’s restricted share awards was as follows.  There was no activity related to restricted shares in fiscal year 2013.

 

 

 

Shares

 

Wtd Avg Grant-
Date Fair Value

 

Unvested at April 30, 2013

 

0

 

$

n/a

 

Granted

 

104,855

 

8.72

 

 

 

 

 

 

 

Unvested at April 30, 2014

 

104,855

 

8.72

 

Granted

 

107,536

 

7.17

 

Vested during year

 

(79,181

)

8.72

 

Forfeited

 

(25,674

)

8.72

 

 

 

 

 

 

 

Unvested at April 30, 2015

 

107,536

 

7.17