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Stock-Based Compensation (Tables) | 12 Months Ended
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Apr. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The weighted-average assumptions and valuation of the Company’s stock options were as follows:
| FISCAL YEAR ENDED APRIL 30, 2024
Weighted-average fair value of grants | $ | 77.19 |
Expected volatility | 48.65 | %
Expected term in years | 6.5
Risk-free interest rate | 4.32 | %
Expected dividend yield | — | %
Summary Of RSU's Activity | The following table contains a summary of the Company's RSU activity for the fiscal years ended April 30, 2024, 2023, and 2022:
| PERFORMANCE-BASED RSUs |  | SERVICE-BASED RSUs |  | TOTAL RSUs |  | WEIGHTED AVERAGE GRANT DATE FAIR VALUE
Issued and outstanding, April 30, 2021 | 131,684 |  |  | 91,471 |  |  | 223,155 |  |  | $64.81
Granted | 57,392 |  |  | 85,568 |  |  | 142,960 |  |  | $76.97
Cancelled due to non-achievement of performance goals | (1,975) |  |  | — |  |  | (1,975) |  |  | $104.10
Settled in common stock | (19,930) |  |  | (23,242) |  |  | (43,172) |  |  | $71.47
Forfeited | (12,561) |  |  | (6,563) |  |  | (19,124) |  |  | $72.79
Issued and outstanding, April 30, 2022 | 154,610 |  |  | 147,234 |  |  | 301,844 |  |  | $69.10
Granted | 119,772 |  |  | 82,848 |  |  | 202,620 |  |  | $51.77
Cancelled due to non-achievement of performance goals | (38,454) |  |  | — |  |  | (38,454) |  |  | $73.85
Settled in common stock | (19,478) |  |  | (49,916) |  |  | (69,394) |  |  | $63.12
Forfeited | (16,620) |  |  | (9,986) |  |  | (26,606) |  |  | $63.15
Issued and outstanding, April 30, 2023 | 199,830 |  |  | 170,180 |  |  | 370,010 |  |  | $61.77
Granted | 155,062 |  |  | 79,778 |  |  | 234,840 |  |  | $63.41
Cancelled due to non-achievement of performance goals | (9,949) |  |  | — |  |  | (9,949) |  |  | $63.83
Settled in common stock | (45,109) |  |  | (68,034) |  |  | (113,143) |  |  | $65.02
Forfeited | (14,939) |  |  | (8,400) |  |  | (23,339) |  |  | $66.52
Issued and outstanding, April 30, 2024 | 284,895 |  |  | 173,524 |  |  | 458,419 |  |  | $61.85
Stock-Based Compensation Expense Allocated | For the fiscal years ended April 30, 2024, 2023, and 2022 stock-based compensation expense was allocated as follows:
| FISCAL YEARS ENDED APRIL 30,
(in thousands) | 2024 |  | 2023 |  | 2022
Cost of sales and distribution | $ | 2,377 |  |  | $ | 2,154 |  |  | $ | 1,299 |
Selling and marketing expenses | 2,364 |  |  | 1,941 |  |  | 1,266 |
General and administrative expenses | 5,941 |  |  | 3,301 |  |  | 2,143 |
Stock-based compensation expense, before income taxes | $ | 10,682 |  |  | $ | 7,396 |  |  | $ | 4,708 |
Schedule Of Stock Option Activity | The following table presents a summary of the Company’s stock option activity for the fiscal year ended April 30, 2024 (remaining contractual term in years and exercise prices are weighted-averages):
| NUMBER OF OPTIONS |  | WEIGHTED AVERAGE REMAINING CONTRACTUAL TERM |  | WEIGHTED AVERAGE EXERCISE PRICE |  | AGGREGATE INTRINSIC VALUE (in thousands)
Outstanding at April 30, 2023 | — |  |  | 0 |  | $ | — |  |  | $ | — |
Granted | 92,340 |  |  | 9.4 |  | 77.19 |  |  | $ | 1,375 |
Exercised | — |  |  | 0 |  | — |  |  | $ | — |
Cancelled or expired | (10,260) |  |  | 0 |  | 77.19 |  | $ | 153 |
Outstanding at April 30, 2024 | 82,080 |  |  | 9.4 |  | $ | 77.19 |  |  | $ | 1,222 |
Vested and expected to vest in the future at April 30, 2024 | 82,080 |  |  | 9.4 |  | $ | 77.19 |  |  | $ | 1,222 |
Exercisable at April 30, 2024 | — |  |  | 0 |  | $ | — |  |  | $ | — |

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