XML 38 R25.htm IDEA: XBRL DOCUMENT
v3.20.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2020
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense (benefit) attributable to earnings consisted of the following components:
| Years ended April 30,
| 2020 |  | 2019 |  | 2018
Current tax expense (benefit): |  |  |  |  |
Federal | $ | 22,182 |  |  | $ | 10,326 |  |  | (7,057 | )
State | 6,210 |  |  | 3,853 |  |  | 1,769 |
| 28,392 |  |  | 14,179 |  |  | (5,288 | )
Deferred tax expense (benefit) | 49,810 |  |  | 45,337 |  |  | (98,178 | )
Total income tax expense (benefit) | $ | 78,202 |  |  | $ | 59,516 |  |  | (103,466 | )
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and deferred tax liabilities were as follows:
| As of April 30,
| 2020 |  | 2019
Deferred tax assets: |  |  |
Accrued liabilities and reserves | $ | 15,953 |  |  | $ | 11,705 |
Property and equipment depreciation | 27,512 |  |  | 24,661 |
Workers compensation | 8,303 |  |  | 8,277 |
Deferred compensation | 3,781 |  |  | 3,827 |
Equity compensation | 7,083 |  |  | 6,727 |
State net operating losses & tax credits | 424 |  |  | 775 |
Other | 1,335 |  |  | 1,033 |
Total gross deferred tax assets | 64,391 |  |  | 57,005 |
Less valuation allowance | 47 |  |  | 47 |
Total net deferred tax assets | 64,344 |  |  | 56,958 |
Deferred tax liabilities: |  |  |
Property and equipment depreciation | (474,829 | ) |  | (420,710 | )
Goodwill | (24,348 | ) |  | (21,560 | )
Other | (765 | ) |  | (476 | )
Total gross deferred tax liabilities | (499,942 | ) |  | (442,746 | )
Net deferred tax liability | $ | (435,598 | ) |  | (385,788 | )
Schedule of Effective Income Tax Rate Reconciliation | Total reported tax expense applicable to the Company’s continuing operations varies from the tax that would have resulted from applying the statutory U.S. federal income tax rates to income before income taxes.
| Years ended April 30,
| 2020 |  | 2019 |  | 2018
Income taxes at the statutory rates | 21.0 | % |  | 21.0 | % |  | 30.4 | %
Impact of Tax Reform Act | — | % |  | 0.4 | % |  | (80.5 | )%
Federal tax credits | (1.9 | )% |  | (2.3 | )% |  | (2.2 | )%
State income taxes, net of federal tax benefit | 4.0 | % |  | 4.3 | % |  | 3.7 | %
Impact of phased-in state law changes, net of federal benefit | (0.2 | )% |  | (1.8 | )% |  | 0.8 | %
ASU 2016-09 benefit (share based compensation) | (0.5 | )% |  | (0.6 | )% |  | (0.8 | )%
Other | 0.5 | % |  | 1.6 | % |  | 0.3 | %
| 22.9 | % |  | 22.6 | % |  | (48.3 | )%
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2020 |  | 2019
Beginning balance | $ | 7,287 |  |  | $ | 6,421 |
Additions based on tax positions related to current year | 2,780 |  |  | 2,169 |
Reductions due to lapse of applicable statute of limitations | (1,160 | ) |  | (1,303 | )
Ending balance | $ | 8,907 |  |  | $ | 7,287 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=117331294&loc=d3e36027-109320 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration