Annual report pursuant to Section 13 and 15(d)

Employee Stock Plans (Tables)

v3.20.2
Employee Stock Plans (Tables)
12 Months Ended
Apr. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
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:

 

 

 

Year Ended April 30,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Restricted stock

 

$

21,495

 

 

$

22,063

 

 

$

20,282

 

ESPP

 

 

1,323

 

 

 

1,322

 

 

 

1,187

 

Total stock-based compensation expense, pre-tax

 

 

22,818

 

 

 

23,385

 

 

 

21,469

 

Tax benefit from stock-based compensation expense

 

 

(6,642

)

 

 

(5,155

)

 

 

(7,319

)

Total stock-based compensation expense, net of tax

 

$

16,176

 

 

$

18,230

 

 

$

14,150

 

Restricted Stock Activity

Restricted stock activity is summarized below:

 

 

 

April 30,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

 

 

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

 

 

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

 

 

 

(in thousands, except per share data)

 

Non-vested, beginning of year

 

 

1,460

 

 

$

38.42

 

 

 

1,730

 

 

$

33.45

 

 

 

1,581

 

 

$

29.74

 

Granted

 

 

608

 

 

$

38.38

 

 

 

671

 

 

$

40.93

 

 

 

650

 

 

$

37.60

 

Vested

 

 

(638

)

 

$

25.42

 

 

 

(904

)

 

$

36.41

 

 

 

(431

)

 

$

26.13

 

Forfeited

 

 

(65

)

 

$

33.48

 

 

 

(37

)

 

$

32.26

 

 

 

(70

)

 

$

33.26

 

Non-vested, end of year

 

 

1,365

 

 

$

44.59

 

 

 

1,460

 

 

$

38.42

 

 

 

1,730

 

 

$

33.45