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In accordance with the provisions of the plan, the Company can make discretionary matching contributions in the form of cash or common stock.&#160; For the years ended April 30, 2016 and 2015, the Company contributed 46,743 and 40,324 shares of common stock, respectively.&#160; The approximate value of these shares at the date of contribution was $498,000 in fiscal year 2016 and $485,000 in fiscal year 2015.&#160; Contributed shares are drawn from the Company&#x2019;s common stock held in treasury and are removed at the Company&#x2019;s original cost of acquisition of such shares on a specific identification basis.&#160; In addition to changes in the treasury stock accounts, during fiscal years 2016 and 2015, such transactions increased additional paid in capital by $283,000 and $302,000, respectively.&#160;&#160; As of April 30, 2016,&#160; all shares of the Company&#x2019;s common stock held by the two plans were combined for an aggregate holding of 790,136 shares, which are allocated to the accounts of the individual participants.</div><br/><div style="MARGIN-BOTTOM: 2pt; 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The Company also adopted a plan for the President and Chief Executive Officer of the Company, which formula is based on consolidated pre-tax profits.&#160; Under these plans, the Company charged approximately $0.7 million and $1.3 million to selling and administrative expenses for the fiscal years ended April 30, 2016 and 2015, respectively.</div><br/><div style="MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 22.3pt; MARGIN-RIGHT: 28.8pt; TEXT-INDENT: -22.3pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Employee Stock Plans</font>:</div><br/><div style="MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 18pt">The Company has various stock plans, some of which have been approved by the Company&#x2019;s stockholders, for key management employees, including officers and directors who are employees, certain consultants and independent members of the Board of Directors.&#160; 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<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000">Under the Plan, instruments granted under other plans which expire, are canceled, or are tendered in the exercise of such instruments, increase the shares available under the Plan.</font></div><br/><div style="MARGIN-BOTTOM: 4pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 18pt">As of April 30, 2013, a consultant, who is the son of the Company&#x2019;s president, had been granted options to purchase 37,500 shares of Company stock under NQSO plans at a weighted average exercise price of $6.67.&#160; During the year ended April 30, 2015, the consultant elected cashless exercises of 20,000 shares at an exercise price of $6.67, resulting in a net issuance of 8,638 shares. 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