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Quarterly Financial Data | 12 Months Ended
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Apr. 30, 2013
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data | QUARTERLY FINANCIAL DATA (UNAUDITED)
(in 000s, except per share amounts) |
|  | Fiscal Year 2013 |  |  | Apr 30, 2013 |  |  | Jan 31, 2013 |  |  | Oct 31, 2012 |  |  | Jul 31, 2012 |
Revenues |  | $ | 2,905,943 |  |  | $ | 2,200,212 |  |  | $ | 471,979 |  |  | $ | 137,263 |  |  | $ | 96,489 |
Income (loss) from continuing operations before taxes (benefit) |  | $ | 702,011 |  |  | $ | 1,129,836 |  |  | $ | (96,268 | ) |  | $ | (162,288 | ) |  | $ | (169,269 | )
Income taxes (benefit) |  | 236,853 |  |  | 440,914 |  |  | (79,353 | ) |  | (61,089 | ) |  | (63,619 | )
Net income (loss) from continuing operations |  | 465,158 |  |  | 688,922 |  |  | (16,915 | ) |  | (101,199 | ) |  | (105,650 | )
Net loss from discontinued operations |  | (31,210 | ) |  | (24,582 | ) |  | (793 | ) |  | (4,044 | ) |  | (1,791 | )
Net income (loss) |  | $ | 433,948 |  |  | $ | 664,340 |  |  | $ | (17,708 | ) |  | $ | (105,243 | ) |  | $ | (107,441 | )
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1.70 |  |  | $ | 2.53 |  |  | $ | (0.06 | ) |  | $ | (0.37 | ) |  | $ | (0.38 | )
Discontinued operations |  | (0.11 | ) |  | (0.09 | ) |  | (0.01 | ) |  | (0.02 | ) |  | (0.01 | )
Consolidated |  | $ | 1.59 |  |  | $ | 2.44 |  |  | $ | (0.07 | ) |  | $ | (0.39 | ) |  | $ | (0.39 | )
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1.69 |  |  | $ | 2.51 |  |  | $ | (0.06 | ) |  | $ | (0.37 | ) |  | $ | (0.38 | )
Discontinued operations |  | (0.11 | ) |  | (0.09 | ) |  | (0.01 | ) |  | (0.02 | ) |  | (0.01 | )
Consolidated |  | $ | 1.58 |  |  | $ | 2.42 |  |  | $ | (0.07 | ) |  | $ | (0.39 | ) |  | $ | (0.39 | )
|  | Fiscal Year 2012 |  |  | Apr 30, 2012 |  |  | Jan 31, 2012 |  |  | Oct 31, 2011 |  |  | Jul 31, 2011 |
Revenues |  | $ | 2,893,771 |  |  | $ | 2,000,674 |  |  | $ | 663,280 |  |  | $ | 129,194 |  |  | $ | 100,623 |
Income (loss) from continuing operations before taxes (benefit) |  | $ | 576,070 |  |  | $ | 981,626 |  |  | $ | (1,026 | ) |  | $ | (203,929 | ) |  | $ | (200,601 | )
Income taxes (benefit) |  | 230,102 |  |  | 389,923 |  |  | 2,541 |  |  | (80,916 | ) |  | (81,446 | )
Net income (loss) from continuing operations |  | 345,968 |  |  | 591,703 |  |  | (3,567 | ) |  | (123,013 | ) |  | (119,155 | )
Net income (loss) from discontinued operations |  | (80,036 | ) |  | (5,600 | ) |  | 218 |  |  | (18,711 | ) |  | (55,943 | )
Net income (loss) |  | $ | 265,932 |  |  | $ | 586,103 |  |  | $ | (3,349 | ) |  | $ | (141,724 | ) |  | $ | (175,098 | )
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1.16 |  |  | $ | 2.02 |  |  | $ | (0.01 | ) |  | $ | (0.41 | ) |  | $ | (0.39 | )
Discontinued operations |  | (0.27 | ) |  | (0.02 | ) |  | — |  |  | (0.06 | ) |  | (0.18 | )
Consolidated |  | $ | 0.89 |  |  | $ | 2.00 |  |  | $ | (0.01 | ) |  | $ | (0.47 | ) |  | $ | (0.57 | )
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1.16 |  |  | $ | 2.01 |  |  | $ | (0.01 | ) |  | $ | (0.41 | ) |  | $ | (0.39 | )
Discontinued operations |  | (0.27 | ) |  | (0.02 | ) |  | — |  |  | (0.06 | ) |  | (0.18 | )
Consolidated |  | $ | 0.89 |  |  | $ | 1.99 |  |  | $ | (0.01 | ) |  | $ | (0.47 | ) |  | $ | (0.57 | )
Because most of our clients file their tax returns during last four months of our fiscal year, which is the period from January through April of each year, substantially all of our revenues from income tax return preparation and related services and products are earned during this period. As a result, we generally operate at a loss through the first eight months of the fiscal year. Results of discontinued operations for the first quarter of fiscal year 2012 included pretax goodwill impairments of $99.7 million. The accumulation of four quarters in fiscal years 2013 and 2012 for earnings per share may not equal the related per share amounts for the years ended April 30, 2013 and 2012 due to the timing of the exercise of stock options and lapse of certain restrictions on nonvested shares and share units and the antidilutive effect of stock options and nonvested shares and share units in the first two quarters for those years, as well as the repurchase of shares outstanding. Information regarding H&R Block's common stock prices and dividends for fiscal years 2013 and 2012 is as follows:
|  | Fiscal Year |  |  | Fourth Quarter |  |  | Third Quarter |  |  | Second Quarter |  |  | First Quarter |
Fiscal Year 2013: |  |  |  |  |  |  |  |  |  |
Dividends paid per share |  | $ | 0.80 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |
Stock price range: |  |  |  |  |  |  |  |  |  |
High |  | $ | 29.68 |  |  | $ | 29.68 |  |  | $ | 23.19 |  |  | $ | 18.04 |  |  | $ | 16.88 |
Low |  | 14.35 |  |  | 22.77 |  |  | 17.26 |  |  | 15.53 |  |  | 14.35 |
Fiscal Year 2012: |  |  |  |  |  |  |  |  |  |
Dividends paid per share |  | $ | 0.70 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.15 |  |  | $ | 0.15 |
Stock price range: |  |  |  |  |  |  |  |  |  |
High |  | $ | 17.75 |  |  | $ | 17.46 |  |  | $ | 17.09 |  |  | $ | 15.52 |  |  | $ | 17.75 |
Low |  | 12.54 |  |  | 14.35 |  |  | 14.41 |  |  | 12.54 |  |  | 14.68 |

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