v3.26.1
Stock-Based Compensation Plans (Tables)
 12 Months Ended
Apr. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Plan Comparison
Restated Option Plan2024 Equity Incentive Plan
Minimum exercise price as a percentage of fair market value at date of grant100%100%
Last expiration date for outstanding optionsMay 9, 2034November 11, 2035
Shares available for grant at April 30, 2026—281,790
Summary of Stock-Based Compensation, Valuation Assumptions
The fair value of options granted is estimated on the date of grant using the Black-Scholes option pricing model based on the assumptions in the table below.
Years Ended April 30,
202620252024
Expected terms (years)2.54.93.9
Risk-free interest rate 3.87%4.93%4.06%
Volatility54%61%56%
Dividend yield—%—%—%
Summary of Stock Incentive Plan
The following is an aggregate summary of the activity in the stock incentive plan from April 30, 2023 to April 30, 2026:
Number of OptionsExercise Price per ShareProceeds on ExerciseWeighted Average Exercise Price per Share
(in thousands)
Outstanding at April 30, 2023613,400$47,480 $77.41 
  Granted197,486
 $70.57 to $86.30
14,27972.30 
  Exercised(35,000)
 $36.54 to $54.85
(1,828)52.23 
  Cancelled(40,000)
$109.06
(4,362)109.06 
Outstanding at April 30, 2024735,886$55,569 $75.51 
  Granted29,781
 $42.25 to $61.32
1,70357.19 
  Exercised——
  Cancelled(74,000)
 $46.23 to $150.83
(4,700)63.51 
Outstanding at April 30, 2025691,667$52,572 $76.01 
  Granted75,823
 $19.34 to $51.95
3,42545.17 
  Exercised——
  Cancelled(45,733)
 $26.37 to $94.59
(2,247)49.13 
Outstanding at April 30, 2026721,757$53,750 $74.47 
Summary of Option Exercised
The Company had the following options exercised for the periods indicated. The impact of these cash receipts is included in financing activities in the accompanying Consolidated Statements of Cash Flows.
Years Ended April 30,
(Dollars in thousands except option data)202620252024
Options exercised— — 35,000 
Cash received from option exercises$— $— $— 
Intrinsic value of options exercised$— $— $1,145 
Summary of Restricted Stock Award Activity
The following is a summary of the Restricted Stock Award activity in the Company’s stock incentive plan:
Number of SharesWeighted Average Grant Date Fair Value
Unvested shares at April 30, 2023181,783 $61.22 
Shares granted74,647 68.56 
Shares vested(13,037)62.78 
Shares cancelled(32,183)61.14 
Unvested shares at April 30, 2024211,210 $63.73 
Shares granted89,862 55.67 
Shares vested(34,583)71.73 
Shares cancelled(14,620)73.53 
Unvested shares at April 30, 2025251,869 $59.19 
Shares granted79,975 36.47 
Shares vested(43,559)63.38 
Shares cancelled(29,819)54.78 
Unvested shares at April 30, 2026258,466 $51.90