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Stock-Based Compensation | 3 Months Ended
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Jul. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Stock-Based Compensation | Stock-Based Compensation The Company has various stock-based compensation plans. During the three-months ended July 31, 2024, the Board of Directors approved grants of service-based restricted stock units ("RSUs") and performance-based RSUs to key employees. The performance-based RSUs entitle the recipients to receive one share of the Company's common stock per unit granted if applicable performance conditions are met and the recipient remains continuously employed with the Company until the units cliff vest at the end of the three year vesting period. The service-based RSUs granted to key employees entitle the recipients to receive one share of the Company's common stock per unit granted if they remain continuously employed with the Company until the units vest. Service-based RSUs granted to employees vest one-third on each of the first, second and third anniversaries of the grant date. The fair value of the Company's RSU awards is expensed on a straight-line basis over the vesting period of the RSUs to the extent the Company believes it is probable the related performance criteria, if any, will be met. The following table summarizes the Company's stock-based compensations grants for the three-months ended July 31, 2024:
(in thousands, except per share amounts) |  | Stock Awards Granted
Service-based RSUs |  | 49,199
Performance-based RSUs |  | 98,391
For the three-month periods ended July 31, 2024 and 2023, stock-based compensation expense was allocated as follows:
|  |  |  | Three Months Ended
|  |  |  | July 31,
(in thousands) |  |  |  |  |  | 2024 |  | 2023
Cost of sales and distribution |  |  |  |  |  | $ | 541 |  |  | $ | 578 |
Selling and marketing expenses |  |  |  |  |  | 573 |  |  | 608 |
General and administrative expenses |  |  |  |  |  | 1,827 |  |  | 1,061 |
Stock-based compensation expense |  |  |  |  |  | $ | 2,941 |  |  | $ | 2,247 |

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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