Stock-Based Compensation (Tables)
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Apr. 30, 2012
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Stock-Based Compensation [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated weighted average fair value for options granted each period | The following table provides the estimated weighted average fair value for options granted each period using the Black-Scholes option-pricing model and the significant weighted average assumptions used in their determination. The expected life represents an estimate of the period of time stock options will be outstanding based on the historical exercise behavior of option recipients. The risk-free interest rate is based on the corresponding U.S. Treasury yield curve in effect at the time of the grant. The expected volatility is based on the historical volatility of the Company's Common Stock price over the estimated life of the option while, the dividend yield is based on the expected dividend payments to be made by the Company.
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Summary of activity and status of stock option plans | A summary of the activity and status of the Company's stock option plans follows:
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Summary of stock options outstanding and exercisable, by range of exercise prices | The following table summarizes information about stock options outstanding and exercisable at April 30, 2012:
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Summary of activity for performance-based and other restricted stock awards | Under certain circumstances relating to a change of control or termination, as defined, the restrictions would lapse and shares would vest earlier. Activity for performance-based and other restricted stock awards during fiscal years 2012, 2011 and 2010 was as follows (shares in thousands):
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