v3.25.2
Capital Stock and Changes in Capital Accounts
 3 Months Ended
Jul. 31, 2025
Stockholders' Equity Note [Abstract]  
Capital Stock and Changes in Capital Accounts Capital Stock and Changes in Capital Accounts
Share Repurchases
During the three months ended July 31, 2025, our Board of Directors approved an additional share repurchase program of $250 million of Class A or B Common Stock. No share repurchases were made under this program during the three months ended July 31, 2025. The share repurchase program is in addition to the share repurchase program approved by our Board of Directors during the year ended April 30, 2020 of $200 million of Class A or B Common Stock. As of July 31, 2025, we had authorization from our Board of Directors to purchase up to $43.4 million that was remaining under this program.
The following table summarizes the share repurchases of Class A and Class B Common Stock (shares in thousands):
Three Months Ended
July 31,
20252024
Shares repurchased - Class A331 295 
Shares repurchased - Class B1 — 
Average Price - Class A and Class B$42.22 $42.34 
The average price per share excludes excise taxes payable on share repurchases and may differ from the share repurchases reflected in Purchases of treasury shares in our Unaudited Condensed Consolidated Statements of Cash Flows. As of July 31, 2025, total shares repurchased include unsettled purchases.
Dividends
We declared and paid quarterly cash dividends on our Class A and Class B Common Stock for a total of $19.0 million and $19.2 million in the three months ended July 31, 2025 and 2024, respectively.
Changes in Common Stock
The following is a summary of changes during the three months ended July 31, in shares of our common stock and common stock in treasury (shares in thousands):
Changes in Class A Common Stock:20252024
Number of shares, beginning of year70,31270,259
Common stock class conversions—18
Number of shares issued, end of period70,31270,277
Changes in Class A Common Stock in treasury:
Number of shares held, beginning of year25,68724,828
Restricted shares issued under stock-based compensation plans(259)(240)
Impact of tax withholding on stock-based compensation and other9292
Purchases of treasury shares331295
Number of shares held, end of period25,85124,975
Number of Class A Common Stock outstanding, end of period44,46145,302
Changes in Class B Common Stock:20252024
Number of shares, beginning of year12,87012,923
Common stock class conversions—(18)
Number of shares issued, end of period12,87012,905
Changes in Class B Common Stock in treasury:
Number of shares held, beginning of year4,1013,928
Purchases of treasury shares1—
Number of shares held, end of period4,1023,928
Number of Class B Common Stock outstanding, end of period8,7688,977