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Quarterly Financial Data | 12 Months Ended
--- | ---
Apr. 30, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data |
(in 000s, except per share amounts) |
|  | Fiscal Year 2018 |  |  | Apr 30, 2018 |  |  | Jan 31, 2018 |  |  | Oct 31, 2017 |  |  | Jul 31, 2017 |
Revenues |  | $ | 3,159,931 |  |  | $ | 2,392,849 |  |  | $ | 488,426 |  |  | $ | 140,854 |  |  | $ | 137,802 |
Income (loss) from continuing operations before taxes (benefit) |  | $ | 668,732 |  |  | $ | 1,231,021 |  |  | $ | (120,805 | ) |  | $ | (236,265 | ) |  | $ | (205,219 | )
Income taxes (benefit) |  | 41,823 |  |  | 85,057 |  |  | 122,120 |  |  | (87,953 | ) |  | (77,401 | )
Net income (loss) from continuing operations |  | 626,909 |  |  | 1,145,964 |  |  | (242,925 | ) |  | (148,312 | ) |  | (127,818 | )
Net loss from discontinued operations |  | (13,760 | ) |  | (3,037 | ) |  | (2,720 | ) |  | (5,254 | ) |  | (2,749 | )
Net income (loss) |  | $ | 613,149 |  |  | $ | 1,142,927 |  |  | $ | (245,645 | ) |  | $ | (153,566 | ) |  | $ | (130,567 | )
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 2.99 |  |  | $ | 5.47 |  |  | $ | (1.16 | ) |  | $ | (0.71 | ) |  | $ | (0.62 | )
Discontinued operations |  | (0.06 | ) |  | (0.02 | ) |  | (0.02 | ) |  | (0.03 | ) |  | (0.01 | )
Consolidated |  | $ | 2.93 |  |  | $ | 5.45 |  |  | $ | (1.18 | ) |  | $ | (0.74 | ) |  | $ | (0.63 | )
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 2.98 |  |  | $ | 5.43 |  |  | $ | (1.16 | ) |  | $ | (0.71 | ) |  | $ | (0.62 | )
Discontinued operations |  | (0.07 | ) |  | (0.01 | ) |  | (0.02 | ) |  | (0.03 | ) |  | (0.01 | )
Consolidated |  | $ | 2.91 |  |  | $ | 5.42 |  |  | $ | (1.18 | ) |  | $ | (0.74 | ) |  | $ | (0.63 | )
(in 000s, except per share amounts) |
|  | Fiscal Year 2017 |  |  | Apr 30, 2017 |  |  | Jan 31, 2017 |  |  | Oct 31, 2016 |  |  | Jul 31, 2016 |
Revenues |  | $ | 3,036,314 |  |  | $ | 2,327,915 |  |  | $ | 451,882 |  |  | $ | 131,332 |  |  | $ | 125,185 |
Income (loss) from continuing operations before taxes (benefit) |  | $ | 629,287 |  |  | $ | 1,211,903 |  |  | $ | (150,598 | ) |  | $ | (228,469 | ) |  | $ | (203,549 | )
Income taxes (benefit) |  | 208,370 |  |  | 425,333 |  |  | (49,386 | ) |  | (85,054 | ) |  | (82,523 | )
Net income (loss) from continuing operations |  | 420,917 |  |  | 786,570 |  |  | (101,212 | ) |  | (143,415 | ) |  | (121,026 | )
Net loss from discontinued operations |  | (11,972 | ) |  | (3,218 | ) |  | (3,302 | ) |  | (2,805 | ) |  | (2,647 | )
Net income (loss) |  | $ | 408,945 |  |  | $ | 783,352 |  |  | $ | (104,514 | ) |  | $ | (146,220 | ) |  | $ | (123,673 | )
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1.97 |  |  | $ | 3.79 |  |  | $ | (0.49 | ) |  | $ | (0.67 | ) |  | $ | (0.55 | )
Discontinued operations |  | (0.05 | ) |  | (0.02 | ) |  | (0.01 | ) |  | (0.01 | ) |  | (0.01 | )
Consolidated |  | $ | 1.92 |  |  | $ | 3.77 |  |  | $ | (0.50 | ) |  | $ | (0.68 | ) |  | $ | (0.56 | )
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 1.96 |  |  | $ | 3.76 |  |  | $ | (0.49 | ) |  | $ | (0.67 | ) |  | $ | (0.55 | )
Discontinued operations |  | (0.05 | ) |  | (0.01 | ) |  | (0.01 | ) |  | (0.01 | ) |  | (0.01 | )
Consolidated |  | $ | 1.91 |  |  | $ | 3.75 |  |  | $ | (0.50 | ) |  | $ | (0.68 | ) |  | $ | (0.56 | )
Because most of our clients file their tax returns during the period from January through April of each year, a substantial majority 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 three quarters of our fiscal year. Income tax expense (benefit) for the quarters ended January 31, 2018 and April 30, 2018 were significantly impacted by Tax Legislation. See note 9 for further discussion. The accumulation of four quarters in fiscal years 2018 and 2017 for earnings per share may not equal the related per share amounts for the years ended April 30, 2018 and 2017 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. Information regarding H&R Block's common stock prices and dividends for fiscal years 2018 and 2017 is as follows:
|  | Fiscal Year |  |  | Fourth Quarter |  |  | Third Quarter |  |  | Second Quarter |  |  | First Quarter |
Fiscal Year 2018: |  |  |  |  |  |  |  |  |  |
Dividends paid per share |  | $ | 0.96 |  |  | $ | 0.24 |  |  | $ | 0.24 |  |  | $ | 0.24 |  |  | $ | 0.24 |
Stock price range: |  |  |  |  |  |  |  |  |  |
High |  | $ | 31.80 |  |  | $ | 29.47 |  |  | $ | 29.16 |  |  | $ | 31.80 |  |  | $ | 31.70 |
Low |  | 23.59 |  |  | 23.80 |  |  | 23.59 |  |  | 24.59 |  |  | 24.55 |
Fiscal Year 2017: |  |  |  |  |  |  |  |  |  |
Dividends paid per share |  | $ | 0.88 |  |  | $ | 0.22 |  |  | $ | 0.22 |  |  | $ | 0.22 |  |  | $ | 0.22 |
Stock price range: |  |  |  |  |  |  |  |  |  |
High |  | $ | 24.95 |  |  | $ | 24.82 |  |  | $ | 24.06 |  |  | $ | 24.95 |  |  | $ | 24.53 |
Low |  | 19.18 |  |  | 19.85 |  |  | 20.91 |  |  | 20.58 |  |  | 19.18 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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