Annual report pursuant to Section 13 and 15(d)

Stockholders Equity

 v2.3.0.11
Stockholders Equity
12 Months Ended
Apr. 30, 2011
Stockholders Equity [Abstract]  
Stockholders Equity
 
10.   Stockholders’ Equity
 
In June 2002, the Company issued warrants to purchase 274,207 shares of its common stock at an exercise price of $11.94, subject to anti-dilution provisions. During fiscal 2011, these warrants were exercised for 274,207 shares of common stock in exchange for $3.0 million in cash. In addition, during fiscal 2011, the Company repurchased 724,064 shares of the Company’s common stock for $10.6 million and 211,315 shares of restricted stock totaling $3.2 million were repurchased by the Company, at the option of the employee, to pay for taxes related to vesting of restricted stock.