XML 35 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 8 - Unrecognized Tax Benefits
6 Months Ended
Oct. 31, 2013
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

8.    UnrecognizedTaxBenefits


The total amount of gross unrecognized tax benefits was $8,938 at April 30, 2013. At October 31, 2013, gross unrecognized tax benefits were $11,418. If this unrecognized tax benefit were ultimately recognized, $7,422 is the amount that would impact our effective tax rate. The total amount of accrued interest and penalties for such unrecognized tax benefits was $388 at October 31, 2013 and $286 at April 30, 2013. Net interest and penalties included in income tax expense for the six months ended October 31, 2013 was $102 and an expense of $108 for the same period of 2012. These unrecognized tax benefits relate to certain state income tax filings positions claimed for our corporate subsidiaries.


A number of years may elapse before an uncertain tax position is audited and ultimately settled. It is difficult to predict the ultimate outcome or the timing of resolution for uncertain tax positions. It is reasonably possible that the amount of unrecognized tax benefits could significantly increase or decrease within the next twelve months. These changes could result from the expiration of the statute of limitations, examinations or other unforeseen circumstances. The Company currently has no ongoing federal or state income tax examinations. The Company does not have any outstanding litigation related to tax matters. At this time, management expects the aggregate amount of unrecognized tax benefits to decrease by approximately $1,507 within the next 12 months. The expected decrease is due to the expiration of the statute of limitations related to certain state income tax filings positions.


The statute of limitations for federal income tax filings remains open for the tax years 2009 and forward.