Capital Stock and Changes in Capital Accounts

6 Months Ended

Oct. 31, 2021

Capital Stock and Changes in Capital Accounts [Abstract]

Capital Stock and Changes in Capital Accounts

Note 17 — Capital Stock and Changes in Capital Accounts

Share Repurchases

The following table summarizes the share repurchases of Class A and Class B Common Stock (shares in thousands):

	Three Months Ended October 31, 2021		Six Months Ended October 31, 2021
Shares repurchased - Class A		183		312
Shares repurchased - Class B		—		1
Average price - Class A and Class B	$	54.54	$	55.51

There were no share repurchases during the three and six months ended October 31, 2020.

Dividends

The following table summarizes the cash dividends paid during the six months ended October 31, 2021:

Date of Declaration by Board of Directors	Quarterly Cash Dividend	Total Dividend	Class of Common Stock	Dividend Paid Date	Shareholders of Record as of Date
June 22, 2021	$0.3450 per common share	$19.3 million	Class A and Class B	July 21, 2021	July 6, 2021
September 29, 2021	$0.3450 per common share	$19.2 million	Class A and Class B	October 27, 2021	October 12, 2021

Changes in Common Stock

The following is a summary of changes during the six months ended October 31, in shares of our common stock and common stock in treasury (shares in thousands):

Changes in Common Stock A:	2021			2020
Number of shares, beginning of year		70,208			70,166
Common stock class conversions		3			13
Number of shares issued, end of period		70,211			70,179
Changes in Common Stock A in treasury:
Number of shares held, beginning of year		23,419			23,405
Purchase of treasury shares		312			—
Restricted shares issued under stock-based compensation plans – non-PSU Awards		(129	)		(96	)
Restricted shares issued under stock-based compensation plans – PSU Awards		(108	)		(88	)
Shares issued under the Director Plan to Directors		(2	)		(4	)
Restricted shares issued from exercise of stock options		(24	)		(33	)
Shares withheld for taxes		93			69
Number of shares held, end of period		23,561			23,253
Number of Common Stock A outstanding, end of period		46,650			46,926

Changes in Common Stock B:	2021			2020
Number of shares, beginning of year		12,974			13,016
Common stock class conversions		(3	)		(13	)
Number of shares issued, end of period		12,971			13,003
Changes in Common Stock B in treasury:
Number of shares held, beginning of year		3,922			3,920
Purchase of treasury shares		1			—
Number of shares held, end of period		3,923			3,920
Number of Common Stock B outstanding, end of period		9,048			9,083