7.	STOCKHOLDERS’ EQUITY

Shares Available For Issuance

In fiscal year 2007, we adopted the 2006 Stock Incentive Plan (“2006 Plan”). The 2006 Plan was amended in fiscal year 2010. Under the 2006 Plan, we may grant awards up to an aggregate amount of shares equal to the sum of: (i) 2,475 shares of Class A common stock (subject to adjustment in the event of stock splits and other similar events), plus (ii) such additional number of shares of Class A common stock as are currently subject to options granted under our 1993 Incentive Stock Option Plan, 1994 Non-statutory Stock Option Plan, 1996 Option Plan, and 1997 Plan (“Prior Plans”) which are not actually issued under the Prior Plans because such options expire or otherwise result in shares not being issued. As of October 31, 2013, there were 1,104 Class A common stock equivalents available for future grant under the 2006 Plan, inclusive of additional Class A common stock equivalents, which were previously issued under our terminated plans and which have become available for grant because such awards expired or otherwise resulted in shares not being issued.

Stock Options

Options granted under the 2006 Plan are granted at a price equal to the prevailing fair market value of our Class A common stock at the date of grant. Generally, options granted have a term not to exceed ten years and vest over a one to four year period from the date of grant.

A summary of stock option activity for the six months ended October 31, 2013 is as follows:


	Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value

Outstanding, April 30, 2013		1,442		$	8.48
Granted		—		$	—
Exercised		—		$	—			$	—

Forfeited		(36	)	$	9.92

Outstanding, October 31, 2013		1,406		$	8.54		5.0	$	1,251

Exercisable, October 31, 2013		1,053		$	10.04		3.6	$	604

During the three months ended October 31, 2013 and 2012 and the six months ended October 31, 2013 and 2012, stock-based compensation expense for stock options was $88, $95, $203 and $162, respectively.

As of October 31, 2013, total unrecognized stock-based compensation expense related to outstanding stock options was $596, which will be recognized over a weighted average period of 2.0 years.

Other Stock Awards

Restricted stock awards, restricted stock units and performance stock units granted under the 2006 Plan are granted at a price equal to the fair market value of our Class A common stock at the date of grant. Restricted stock awards granted to non-employee directors vest incrementally over a three year period beginning on the first anniversary of the date of grant. Restricted stock units vest incrementally over an identified service period beginning on the grant date based on continued employment. Performance stock units vest on April 30 of the third fiscal year end following the grant date and are based on our attainment of a targeted average return on net assets as of the vesting date.

A summary of restricted stock, restricted stock unit and performance stock unit activity for the six months ended October 31, 2013 is as follows:


	Restricted Stock, Restricted Stock Units, and Performance Stock Units (1)			Weighted Average Grant Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value

Outstanding, April 30, 2013		1,088		$	5.28
Granted		539		$	4.27
Class A Common Stock Vested		(318	)	$	4.86
Forfeited		(18	)	$	4.54

Outstanding, October 31, 2013		1,291		$	4.97		2.2	$	1,253

(1)	Performance stock units are included at the 100% attainment level. Attainment of maximum annual returns on net assets could result in the issuance of an additional 354 shares of Class A common stock.

During the six months ended October 31, 2013, we awarded certain employees restricted stock units, which vest over designated service periods of up to three years based on continued employment and non-employee directors restricted stock awards, which vest incrementally over a three year period beginning on the first anniversary of the date of grant. We did not grant any performance stock units during the six months ended October 31, 2013.

During the three and six months ended October 31, 2013 and 2012, stock-based compensation expense related to restricted stock, restricted stock units and performance stock units was $475, $519, $966 and $1,092, respectively.

As of October 31, 2013, total unrecognized compensation expense related to outstanding restricted stock and restricted stock units was $2,766, which will be recognized over a weighted average period of 2.0 years. Maximum unrecognized stock-based compensation expense at October 31, 2013 related to outstanding performance stock units, and subject to the attainment of targeted maximum annual returns on net assets, was $3,982 to be recognized over a weighted average period of 1.1 years. The unrecognized stock-based compensation expense that we expect to recognize as of October 31, 2013 related to outstanding performance stock units based on our expected attainment levels was $0.

We also recorded $15, $17, $39 and $52 of stock-based compensation expense related to our Employee Stock Purchase Plan during the three and six months ended October 31, 2013 and 2012, respectively.

Accumulated Other Comprehensive Loss

The changes in the balances of each component of accumulated other comprehensive loss, which is included as a component of our stockholders’ equity, are as follows:


	Marketable Securities		Commodity Hedges

Beginning balance, April 30, 2013	$	27	$	(619	)
Other comprehensive income (loss) before reclassifications		18		(568	)
Amounts reclassified from accumulated other comprehensive income (loss)		—		345

Net current-period other comprehensive income (loss)		18		(223	)

Ending balance, October 31, 2013	$	45	$	(842	)

A summary of reclassifications out of accumulated other comprehensive loss for the three and six months ended October 31, 2013 and 2012 is as follows:


	Three Months Ended October 31,
	2013			2012
Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified Out of Accumulated Other Comprehensive Loss						Affected Line Item in the Consolidated Statements of Operations

Loss on derivative instruments:
Interest rate contracts	$	—		$	(3,625	)	Loss on derivative instruments
Commodity hedges		(181	)		(321	)	Loss from equity method investments

		(181	)		(3,946	)	Loss from continuing operations before income taxes and discontinued operations
		—			—		Provision for income taxes

	$	(181	)	$	(3,946	)	Loss from continuing operations


	Six Months Ended October 31,
	2013			2012
Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified Out of Accumulated Other						Affected Line Item in the Consolidated Statements of Operations

Loss on derivative instruments:
Interest rate contracts	$	—		$	(3,625	)	Loss on derivative instruments
Commodity hedges		(345	)		(365	)	Loss from equity method investments

		(345	)		(3,990	)	Loss from continuing operations before income taxes and discontinued operations
		—			—		Provision for income taxes

	$	(345	)	$	(3,990	)	Loss from continuing operations