|
Employee Stock Plans (Tables)
|
12 Months Ended |
|
Apr. 30, 2013
|
| 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:
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Year Ended
April 30, |
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2013 |
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|
2012 |
|
|
2011 |
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| |
|
(in thousands) |
|
|
Restricted
stock
|
|
$ |
11,001 |
|
|
$ |
12,381 |
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|
$ |
14,090 |
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|
Stock options
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|
|
905 |
|
|
|
933 |
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|
1,028 |
|
|
ESPP
|
|
|
— |
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|
85 |
|
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|
429 |
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Total stock-based
compensation expense, pre-tax
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|
11,906 |
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|
13,399 |
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|
15,547 |
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Tax benefit from
stock-based compensation expense
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|
(4,142 |
) |
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|
(4,701 |
) |
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(5,675 |
) |
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Total stock-based
compensation expense, net of tax
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$ |
7,764 |
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|
$ |
8,698 |
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$ |
9,872 |
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| Stock Options And SAR Transactions |
Stock options
transactions under the Company’s Second A&R 2008 Plan, as
amended to date, were as follows:
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April 30, |
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2013 |
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2012 |
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|
2011 |
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| |
|
Options |
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|
Weighted-
Average
Exercise
Price |
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|
Options |
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|
Weighted-
Average
Exercise
Price |
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|
Options |
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|
Weighted-
Average
Exercise
Price |
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|
(in thousands,
except per share data) |
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Outstanding, beginning of
year
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1,492 |
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$ |
14.00 |
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|
1,833 |
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$ |
13.78 |
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2,723 |
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$ |
14.72 |
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Granted
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— |
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$ |
— |
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|
48 |
|
|
$ |
22.71 |
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|
211 |
|
|
$ |
13.97 |
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Exercised
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|
(238 |
) |
|
$ |
9.32 |
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|
(235 |
) |
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$ |
12.76 |
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|
(625 |
) |
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$ |
12.81 |
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Forfeited/expired
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|
(154 |
) |
|
$ |
16.87 |
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(154 |
) |
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$ |
15.63 |
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(476 |
) |
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$ |
20.55 |
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Outstanding, end of
year
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1,100 |
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$ |
14.72 |
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1,492 |
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$ |
14.00 |
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1,833 |
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$ |
13.78 |
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Exercisable, end of
year
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|
864 |
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$ |
15.01 |
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1,061 |
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$ |
14.33 |
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1,219 |
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$ |
14.64 |
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| Outstanding Stock Options |
Outstanding stock
options:
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April 30,
2013 |
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Options
Outstanding |
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Options
Exercisable |
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Range of
Exercise Prices
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Shares |
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Weighted-
Average
Remaining
Contractual
Life
(in
years)
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Weighted-
Average
Exercise
Price |
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Shares |
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Weighted-
Average
Remaining
Contractual
Life
(in
years)
|
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|
Weighted-
Average
Exercise
Price |
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|
(in thousands,
except per share data) |
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$ 7.76 -
$ 9.75
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|
361 |
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2.1 |
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$ |
9.19 |
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|
281 |
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1.8 |
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$ |
9.03 |
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$ 9.76 -
$14.93
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238 |
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3.9 |
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$ |
13.94 |
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|
120 |
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3.8 |
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$ |
14.06 |
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$14.94 -
$19.25
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239 |
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2.1 |
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$ |
17.81 |
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231 |
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2.1 |
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$ |
17.84 |
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$19.26 -
$24.08
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|
262 |
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2.1 |
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$ |
20.24 |
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232 |
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1.7 |
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$ |
19.92 |
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1,100 |
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2.5 |
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$ |
14.72 |
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864 |
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2.1 |
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$ |
15.01 |
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| Additional Information Pertaining To Stock Options And SARs |
Additional information
pertaining to stock options:
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Year Ended
April 30, |
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2013 |
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|
2012 |
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|
2011 |
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(in thousands, except per share data) |
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Weighted-average fair
value per share of stock options granted
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$ |
— |
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$ |
9.61 |
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$ |
6.07 |
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Total fair value of stock
options vested
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$ |
1,001 |
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$ |
1,065 |
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$ |
747 |
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Total intrinsic value of
stock options exercised
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$ |
1,547 |
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$ |
1,485 |
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$ |
5,164 |
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|
| Restricted Stock Activity |
Restricted stock activity
is summarized below:
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April 30, |
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|
2013 |
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|
2012 |
|
|
2011 |
|
| |
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Shares |
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Weighted-
Average
Grant Date
Fair Value |
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Shares |
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Weighted-
Average
Grant Date
Fair Value |
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Shares |
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Weighted-
Average
Grant Date
Fair Value |
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(in thousands,
except per share data) |
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Non-vested, beginning of
year
|
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1,781 |
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$ |
9.85 |
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2,007 |
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$ |
8.64 |
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2,480 |
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$ |
9.93 |
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Granted
|
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|
889 |
|
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$ |
13.93 |
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|
687 |
|
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$ |
21.46 |
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|
562 |
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$ |
15.12 |
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Vested
|
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|
(780 |
) |
|
$ |
14.10 |
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|
(794 |
) |
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$ |
15.58 |
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(920 |
) |
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$ |
15.32 |
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Forfeited/expired
|
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|
(80 |
) |
|
$ |
14.75 |
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|
(119 |
) |
|
$ |
18.19 |
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(115 |
) |
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$ |
14.83 |
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Non-vested, end of
year
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1,810 |
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$ |
9.80 |
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1,781 |
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$ |
9.85 |
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2,007 |
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$ |
8.64 |
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