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Quarterly Financial Data | 12 Months Ended
--- | ---
Apr. 30, 2014
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data |
(in 000s, except per share amounts) |
|  | Fiscal Year 2014 |  |  | Apr 30, 2014 |  |  | Jan 31, 2014 |  |  | Oct 31, 2013 |  |  | Jul 31, 2013 |
Revenues |  | $ | 3,024,295 |  |  | $ | 2,562,990 |  |  | $ | 199,770 |  |  | $ | 134,340 |  |  | $ | 127,195 |
Income (loss) from continuing operations before taxes (benefit) |  | $ | 767,116 |  |  | $ | 1,478,797 |  |  | $ | (347,825 | ) |  | $ | (179,362 | ) |  | $ | (184,494 | )
Income taxes (benefit) |  | 267,019 |  |  | 549,664 |  |  | (135,074 | ) |  | (76,347 | ) |  | (71,224 | )
Net income (loss) from continuing operations |  | 500,097 |  |  | 929,133 |  |  | (212,751 | ) |  | (103,015 | ) |  | (113,270 | )
Net loss from discontinued operations |  | (24,940 | ) |  | (19,135 | ) |  | (1,960 | ) |  | (1,928 | ) |  | (1,917 | )
Net income (loss) |  | $ | 475,157 |  |  | $ | 909,998 |  |  | $ | (214,711 | ) |  | $ | (104,943 | ) |  | $ | (115,187 | )
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1.82 |  |  | $ | 3.38 |  |  | $ | (0.78 | ) |  | $ | (0.38 | ) |  | $ | (0.42 | )
Discontinued operations |  | (0.09 | ) |  | (0.07 | ) |  | — |  |  | (0.01 | ) |  | — |
Consolidated |  | $ | 1.73 |  |  | $ | 3.31 |  |  | $ | (0.78 | ) |  | $ | (0.39 | ) |  | $ | (0.42 | )
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1.81 |  |  | $ | 3.36 |  |  | $ | (0.78 | ) |  | $ | (0.38 | ) |  | $ | (0.42 | )
Discontinued operations |  | (0.09 | ) |  | (0.07 | ) |  | — |  |  | (0.01 | ) |  | — |
Consolidated |  | $ | 1.72 |  |  | $ | 3.29 |  |  | $ | (0.78 | ) |  | $ | (0.39 | ) |  | $ | (0.42 | )
(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 | )
Because most of our clients file their tax returns during the period from February 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 a majority of the fiscal year. Revenues and earnings for the third and fourth quarters of fiscal year 2014 were impacted by an IRS filing delay, which shifted revenues and earnings from our third quarter to our fourth quarter. The accumulation of four quarters in fiscal years 2014 and 2013 for earnings per share may not equal the related per share amounts for the years ended April 30, 2014 and 2013 due to the timing of the exercise of stock options and lapse of certain restrictions on nonvested shares and share units and deferred stock units and the antidilutive effect of stock options and nonvested shares and share units in the first three 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 2014 and 2013 is as follows:
|  | Fiscal Year |  |  | Fourth Quarter |  |  | Third Quarter |  |  | Second Quarter |  |  | First Quarter |
Fiscal Year 2014: |  |  |  |  |  |  |  |  |  |
Dividends paid per share |  | $ | 0.80 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |
Stock price range: |  |  |  |  |  |  |  |  |  |
High |  | $ | 32.42 |  |  | $ | 32.42 |  |  | $ | 30.53 |  |  | $ | 32.09 |  |  | $ | 31.75 |
Low |  | 25.98 |  |  | 26.92 |  |  | 27.13 |  |  | 25.98 |  |  | 27.24 |
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 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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