Quarterly report pursuant to Section 13 or 15(d)

Employee Stock Plans (Tables)

v3.3.1.900
Employee Stock Plans (Tables)
6 Months Ended
Oct. 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
October 31,
     Six Months Ended
October 31,
 
     2015      2014      2015      2014  
     (in thousands)  

Restricted stock

   $ 5,178       $ 3,617       $ 8,732       $ 6,869   

ESPP

     144         —           264         —     

Stock options

     —           23         17         90   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense, pre-tax

     5,322         3,640         9,013         6,959   

Tax benefit from stock-based compensation expense

     (1,714      (1,114      (2,868      (2,096
  

 

 

    

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense, net of tax

   $ 3,608       $ 2,526       $ 6,145       $ 4,863   
  

 

 

    

 

 

    

 

 

    

 

 

 
Stock Options Transactions

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

 

     Six Months Ended October 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

     (81    $ 15.26         

Forfeited/expired.

     (5    $ 17.97         
  

 

 

          

Outstanding, October 31, 2015

     116       $ 15.53         1.46       $ 2,416   
  

 

 

       

 

 

    

 

 

 

Exercisable, October 31, 2015

     116       $ 15.53         1.46       $ 2,416   
  

 

 

       

 

 

    

 

 

 
Additional Information Pertaining to Stock Options

Additional information pertaining to stock options:

 

     Three Months Ended
October 31,
     Six Months Ended
October 31,
 
     2015      2014      2015      2014  
     (in thousands)  

Total fair value of stock options vested

   $     —         $ 10       $ 96       $ 334   

Total intrinsic value of stock options exercised

   $ 198       $     332       $ 1,558       $ 1,371   
Restricted Stock Activity

Restricted stock activity during the six months ended October 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

     611       $ 26.97   

Vested

     (778)       $ 16.28   

Forfeited/expired

     (14)       $ 24.42   
  

 

 

    

Non-vested, October 31, 2015

     1,379       $ 27.57