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Component: (Network and Table)
Network
2307301 - Disclosure - Stock-Based Compensation (Tables)
(http://www.americanwoodmark.com/role/StockBasedCompensationTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000794619 (http://www.sec.gov/CIK)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]Period [Axis]
2015-05-01 - 2016-04-30
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
 
Schedule Of Weighted Average Assumptions And Valuation Of Stock Options
The weighted-average assumptions and valuation of the Company’s stock options were as follows:
 
FISCAL YEARS ENDED APRIL 30
 
2016

2015

2014
Weighted-average fair value of grants
$
18.59


$
9.25


$
14.46

Expected volatility
29.8
%

27.4
%

38.2
%
Expected term in years
5.8


5.9


6.1

Risk-free interest rate
2.16
%

2.19
%

1.59
%
Expected dividend yield
—
%

—
%

—
%
  
Schedule Of Stock Option Activity
The following table presents a summary of the Company’s stock option activity for the fiscal years ended April 30, 2016, 2015 and 2014 (remaining contractual term in years and exercise prices are weighted-averages):
 
NUMBER OF OPTIONS

REMAINING CONTRACTUAL TERM

WEIGHTED AVERAGE EXERCISE PRICE

AGGREGATE INTRINSIC VALUE
(in thousands)
Outstanding at April 30, 2013
1,401,813


4.8

$27.27

$
9,272











Granted
60,500


9.1

36.74

—

Exercised
(551,485
)

—

26.61

5,156

Cancelled or expired
(59,514
)

—

30.17

—

Outstanding at April 30, 2014
851,314


4.3

$28.16

$
3,121











Granted
66,600


9.1

29.92

—

Exercised
(508,639
)

—

28.05

7,209

Cancelled or expired
(11,200
)

—

32.64

—

Outstanding at April 30, 2015
398,075


5.0

$28.46

$
8,851











Granted
30,700


9.1

57.11

—

Exercised
(287,975
)

—

27.99

11,089

Cancelled or expired
(14,167
)

—

40.43

—

Outstanding at April 30, 2016
126,633


5.8

$35.15

$
4,773











Vested and expected to vest in the future at April 30, 2016
120,715


5.7

$34.97

$
4,572

Exercisable at April 30, 2016
46,599


1.7

$26.72

$
2,149

  
Schedule Of Stock Options Oustanding Activity
The following table summarizes information about stock options outstanding at April 30, 2016 (remaining lives in years and exercise prices are weighted-averages):
 
OPTIONS OUTSTANDING

OPTIONS EXERCISABLE
OPTION PRICE
 

REMAINING

EXERCISE

 

EXERCISE
PER SHARE
OPTIONS

LIFE

PRICE

OPTIONS

PRICE
$22.77-$23.96
27,900


2.2

$23.32

27,900


$23.32
$29.92-$34.11
57,766


5.8

30.52

18,633


31.79
$36.74-$36.74
14,867


7.1

36.74

66


36.74
$57.11-$57.11
26,100


9.1

57.11

—


—
 
126,633


 

 

46,599


 
  
Summary Of RSU's Activity
The following table contains a summary of the Company’s RSU activity for the fiscal years ended April 30, 2016, 2015 and 2014:
 
PERFORMANCE-BASED RSUs

SERVICE-BASED RSUs

TOTAL RSUs

WEIGHTED AVERAGE GRANT
DATE FAIR VALUE
Issued and outstanding, April 30, 2013
279,105


155,000


434,105


$17.96











Granted
75,600


44,092


119,692


$36.09
Cancelled due to non-achievement of performance goals
(23,384
)

—


(23,384
)

$17.62
Settled in common stock
(74,935
)

(60,310
)

(135,245
)

$19.75
Forfeited
(20,591
)

(15,407
)

(35,998
)

$23.12
Issued and outstanding, April 30, 2014
235,795


123,375


359,170


$22.79











Granted
79,500


40,100


119,600


$30.82
Cancelled due to non-achievement of performance goals
(16,218
)

—


(16,218
)

$36.18
Settled in common stock
(79,407
)

(54,861
)

(134,268
)

$17.45
Forfeited
(8,726
)

(4,764
)

(13,490
)

$27.78
Issued and outstanding, April 30, 2015
210,944


103,850


314,794


$27.15











Granted
48,201


22,349


70,550


$57.83
Cancelled due to non-achievement of performance goals
(19,657
)

—


(19,657
)

$29.92
Settled in common stock
(89,665
)

(46,950
)

(136,615
)

$19.57
Forfeited
(9,056
)

(3,537
)

(12,593
)

$40.99
Issued and outstanding, April 30, 2016
140,767


75,712


216,479


$40.88
  
Stock-Based Compensation Expense Allocated
For the fiscal years ended April 30, 2016, 2015 and 2014 stock-based compensation expense was allocated as follows:
(in thousands)
2016

2015

2014
Cost of sales and distribution
$
608


$
518


$
505

Selling and marketing expenses
1,079


954


801

General and administrative expenses
1,922


2,025


1,989

Stock-based compensation expense, before income taxes
$
3,609


$
3,497


$
3,295