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Stock Options and Share-Based Compensation (Tables)

12 Months Ended

Apr. 30, 2019

Equity [Abstract]

Summary of RSU Activity and Weighted Average Exercise Price

The following table summarizes the RSUs activities and weighed averages.

		2019							2018
		Number of RSUs			Weighted Average Grant Date Fair Value				Number of RSUs			Weighted Average Grant Date Fair Value
Outstanding at beginning of year		23,907			$	23.74			—
Granted		19,738			$	32.58			23,907			$	23.74
Vested		(2,390	)		$	34.16			—			—
Forfeited		(17,947	)		$	27.07			—
Outstanding at end of year		23,308			$	28.66			23,907			$	23.74

Summary of Stock Option Activity and Weighted Average Exercise Price

Stock option activity and weighted average exercise price are summarized as follows:

	2019							2018
	Number of Shares			Weighted Average Exercise Price				Number of Shares			Weighted Average Exercise Price
Outstanding at beginning of year	137,250			$	18.01			180,350			$	17.29
Canceled	(13,100	)		21.03				(6,300	)		19.09
Exercised	(19,800	)		14.54				(36,800	)		14.31
Outstanding at end of year	104,350			$	18.28			137,250			$	18.01
Exercisable at end of year	84,550			$	17.63			79,100			$	16.28

Summary of Options Outstanding, Exercisable, and Weighted Average Exercise Prices within Exercise Price Range

The number of options outstanding, exercisable, and their weighted average exercise prices were within the following ranges at April 30, 2019:

	Exercise Price Range
	$8.59-$11.78				$15.85-$23.62
Options outstanding	7,450				96,900
Weighted average exercise price	$	10.76			$	18.86
Weighted average remaining contractual life	2.63 years				5.68 years
Aggregate intrinsic value	$	88,000			$	392,000
Options exercisable	7,450				77,100
Weighted average exercise price	$	10.76			$	18.29
Aggregate intrinsic value	$	88,000			$	350,000

X

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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