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Receivables | 12 Months Ended
--- | ---
Apr. 30, 2014
Accounts, Notes, Loans and Financing Receivable, Unclassified [Abstract] |
Receivables | Short-term receivables consist of the following:
(in 000s) |
As of April 30, |  | 2014 |  |  | 2013 |
Loans to franchisees |  | $ | 63,716 |  |  | $ | 65,413 |
Receivables for tax preparation and related fees |  | 45,619 |  |  | 49,356 |
Cash Back® receivables |  | 48,812 |  |  | 47,658 |
Emerald Advance lines of credit |  | 20,577 |  |  | 23,218 |
Royalties from franchisees |  | 9,978 |  |  | 10,722 |
Other |  | 55,494 |  |  | 60,867 |
|  | 244,196 |  |  | 257,234 |
Allowance for doubtful accounts |  | (52,578 | ) |  | (50,399 | )
|  | $ | 191,618 |  |  | $ | 206,835 |
The short-term portion of EAs, loans made to franchisees and Cash Back® balances is included in receivables, while the long-term portion is included in other assets in the consolidated balance sheets. These amounts are as follows:
(in 000s) |
|  | EAs |  |  | Loans to Franchisees |  |  | Cash Back® |
As of April 30, 2014: |  |  |  |  |  |
Short-term |  | $ | 20,577 |  |  | $ | 63,716 |  |  | $ | 48,812 |
Long-term |  | 3,862 |  |  | 90,747 |  |  | — |
|  | $ | 24,439 |  |  | $ | 154,463 |  |  | $ | 48,812 |
As of April 30, 2013: |  |  |  |  |  |
Short-term |  | $ | 23,218 |  |  | $ | 65,413 |  |  | $ | 47,658 |
Long-term |  | 9,819 |  |  | 103,047 |  |  | — |
|  | $ | 33,037 |  |  | $ | 168,460 |  |  | $ | 47,658 |
Emerald Advance Lines of Credit. We review the credit quality of our EA receivables based on pools, which are segregated by the year of origination, with older years being deemed more unlikely to be repaid. These amounts as of April 30, 2014, by year of origination, are as follows:
(in 000s) |
Credit Quality Indicator – Year of origination: |  |
2014 |  | $ | 6,065 |
2013 |  | 1,890 |
2012 and prior |  | 4,677 |
Revolving loans |  | 11,807 |
|  | $ | 24,439 |
As of April 30, 2014 and 2013, $20.7 million and $30.0 million of EAs were on non-accrual status and classified as impaired, or more than 60 days past due, respectively. Loans to Franchisees. Loans made to franchisees as of April 30, 2014 consisted of $109.1 million in term loans made primarily to finance the purchase of franchises and $45.4 million in revolving lines of credit primarily for the purpose of funding off-season working capital needs. Loans made to franchisees as of April 30, 2013 consisted of $121.2 million in term loans and $47.3 million in revolving lines of credit. As of April 30, 2014, we had no loans more than 30 days past due, compared to loans with a principal amount of $0.1 million more than 30 days past due as of April 30, 2013. We had no loans to franchisees on non-accrual status as of April 30, 2014 or 2013. Canadian Cash Back® Program. Refunds advanced under the Cash Back program are not subject to credit approval, therefore the primary indicator of credit quality is the age of the receivable amount. Cash Back amounts are generally received within 60 days of filing the client's return. As of April 30, 2014 and 2013, $1.9 million and $1.8 million, respectively, of Cash Back balances were more than 60 days old. Allowance for Doubtful Accounts. Activity in the allowance for doubtful accounts for our short-term and long-term receivables is as follows:
(in 000s) |
|  | EAs |  |  | Loans to Franchisees |  |  | Cash Back® |  |  | All Other |  |  | Total |
Balance as of May 1, 2011 |  | $ | 4,400 |  |  | $ | — |  |  | $ | 3,892 |  |  | $ | 39,651 |  |  | $ | 47,943 |
Provision |  | 28,057 |  |  | — |  |  | 1,631 |  |  | 36,974 |  |  | 66,662 |
Charge-offs |  | (26,257 | ) |  | — |  |  | (3,244 | ) |  | (40,515 | ) |  | (70,016 | )
Balance as of April 30, 2012 |  | 6,200 |  |  | — |  |  | 2,279 |  |  | 36,110 |  |  | 44,589 |
Provision |  | 28,430 |  |  | — |  |  | 4,647 |  |  | 42,649 |  |  | 75,726 |
Charge-offs |  | (27,240 | ) |  | — |  |  | (4,157 | ) |  | (31,215 | ) |  | (62,612 | )
Balance as of April 30, 2013 |  | 7,390 |  |  | — |  |  | 2,769 |  |  | 47,544 |  |  | 57,703 |
Provision |  | 24,619 |  |  | 45 |  |  | 3,760 |  |  | 42,634 |  |  | 71,058 |
Charge-offs |  | (24,479 | ) |  | (45 | ) |  | (3,527 | ) |  | (48,132 | ) |  | (76,183 | )
Balances as of April 30, 2014 |  | $ | 7,530 |  |  | $ | — |  |  | $ | 3,002 |  |  | $ | 42,046 |  |  | $ | 52,578 |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5074-111524 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5066-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5162-111524 + Details
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