Employee Stock Plans (Tables)

9 Months Ended

Jan. 31, 2014

Components Of Stock-Based Compensation Expense Recognized

The following table summarizes the components of stock-based compensation expense recognized in the Company’s consolidated statements of income for the periods indicated:

	Three Months Ended January 31,						Nine Months Ended January 31,
	2014			2013			2014			2013
	(in thousands)
Restricted stock	$	2,931		$	2,297		$	8,478		$	8,130
Stock options		96			254			341			690
Total stock-based compensation expense, pre-tax		3,027			2,551			8,819			8,820
Tax benefit from stock-based compensation expense		(705	)		(441	)		(2,762	)		(3,186	)
Total stock-based compensation expense, net of tax	$	2,322		$	2,110		$	6,057		$	5,634

Stock Options Transactions

Stock options transactions under the Company’s Second A&R 2008 Plan, as amended to date, were as follows:

	Nine Months Ended January 31, 2014
	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (In Years)		Aggregate Intrinsic Value
	(in thousands, except per share data)
Outstanding, April 30, 2013		1,100		$	14.72
Exercised		(571	)	$	13.42
Forfeited/expired.		(46	)	$	13.09
Outstanding, January 31, 2014		483		$	16.39		2.37	$	3,410
Exercisable, January 31, 2014		413		$	16.35		2.15	$	2,937

Additional Information Pertaining to Stock Options

Additional information pertaining to stock options:

	Three Months Ended January 31,				Nine Months Ended January 31,
	2014		2013		2014		2013
	(in thousands)
Total fair value of stock options vested	$	40	$	20	$	917	$	927
Total intrinsic value of stock options exercised	$	2,805	$	210	$	5,174	$	1,121

Restricted Stock Activity

Restricted stock activity during the nine months ended January 31, 2014 is summarized below:

	Shares			Weighted- Average Grant Date Fair Value
	(in thousands, except per share data)
Non-vested, April 30, 2013		1,810		$	16.38
Granted		806		$	21.30
Vested		(506	)	$	14.38
Forfeited/expired.		(202	)	$	17.14
Non-vested, January 31, 2014		1,908		$	18.91