Quarterly report pursuant to Section 13 or 15(d)

Employee Stock Plans (Tables)

v3.2.0.727
Employee Stock Plans (Tables)
3 Months Ended
Jul. 31, 2015
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
July 31,
 
     2015      2014  
     (in thousands)  

Restricted stock

   $ 3,554       $ 3,252   

ESPP

     120         —     

Stock options

     17         67   
  

 

 

    

 

 

 

Total stock-based compensation expense, pre-tax

     3,691         3,319   

Tax benefit from stock-based compensation expense

     (1,154      (982
  

 

 

    

 

 

 

Total stock-based compensation expense, net of tax

   $ 2,537       $ 2,337  
  

 

 

    

 

 

 

Stock Options Transactions

Stock option transactions under the Company’s Second A&R 2008 Plan were as follows:

 

     Three Months Ended July 31, 2015  
     Options      Weighted-
Average
Exercise
Price
     Weighted-
Average
Remaining
Contractual
Life (In Years)
     Aggregate
Intrinsic
Value
 
     (in thousands, except per share data)  

Outstanding, April 30, 2015

     202       $ 15.45         

Exercised

     (72    $ 15.62         

Forfeited/expired

     (5    $ 17.97         
  

 

 

          

Outstanding, July 31, 2015

     125       $ 15.30         1.69       $ 2,272   
  

 

 

       

 

 

    

 

 

 

Exercisable, July 31, 2015

     125       $ 15.30         1.69       $ 2,272  
  

 

 

       

 

 

    

 

 

 

Additional Information Pertaining to Stock Options

Additional information pertaining to stock options:

 

     Three Months Ended
July 31,
 
     2015      2014  
     (in thousands)  

Total fair value of stock options vested

   $ 96       $ 324   

Total intrinsic value of stock options exercised

   $ 1,360       $ 1,039  

Restricted Stock Activity

Restricted stock activity during the three months ended July 31, 2015 is summarized below:

 

     Shares      Weighted-
Average Grant
Date Fair Value
 
     (in thousands, except per share data)  

Non-vested, April 30, 2015

                 1,560       $ 22.15   

Granted

     579       $ 25.13   

Vested

     (695    $ 14.74   

Forfeited/expired

     (9    $ 23.96   
  

 

 

    

Non-vested, July 31, 2015

     1,435       $ 26.93