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Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2018
Income Tax Disclosure [Abstract] |
Schedule Of Components Of Income From Continuing Operations | The components of income from continuing operations upon which domestic and foreign income taxes have been provided are as follows:
(in 000s) |
Year ended April 30, |  | 2018 |  |  | 2017 |  |  | 2016 |
Domestic |  | $ | 547,101 |  |  | $ | 535,378 |  |  | $ | 513,746 |
Foreign |  | 121,631 |  |  | 93,909 |  |  | 55,733 |
|  | $ | 668,732 |  |  | $ | 629,287 |  |  | $ | 569,479 |
Schedule Of Effective Income Tax Rate Reconciliation | The significant components of deferred tax assets and liabilities are reflected in the following table:
(in 000s) |
As of April 30, |  | 2018 |  |  | 2017 |
Deferred tax assets: |  |  |  |
Accrued expenses |  | $ | 3,847 |  |  | $ | 4,491 |
Deferred revenue |  | 9,482 |  |  | 36,305 |
Allowance for credit losses and related reserves |  | 25,058 |  |  | 39,243 |
Internally-developed software |  | 15,741 |  |  | 55,253 |
Deferred and stock-based compensation |  | 4,526 |  |  | 17,919 |
Net operating loss carry-forward |  | 69,567 |  |  | 28,049 |
Federal tax benefits related to state unrecognized tax benefits |  | 15,738 |  |  | 36,265 |
Valuation allowance |  | (49,215 | ) |  | (22,844 | )
Total deferred tax assets |  | 94,744 |  |  | 194,681 |
Deferred tax liabilities: |  |  |  |
Prepaid expenses and other |  | (8,986 | ) |  | (12,104 | )
Property and equipment |  | (7,944 | ) |  | (10,024 | )
Intangibles |  | (61,226 | ) |  | (95,385 | )
Total deferred tax liabilities |  | (78,156 | ) |  | (117,513 | )
Net deferred tax assets |  | $ | 16,588 |  |  | $ | 77,168 |
The reconciliation between the income tax provision and the amount computed by applying the statutory U.S. federal tax rate to income taxes of continuing operations is as follows:
Year ended April 30, |  | 2018 |  |  | 2017 |  |  | 2016 |
U.S. statutory tax rate |  | 21.0 | % |  | 35.0 | % |  | 35.0 | %
Change in tax rate resulting from: |  |  |  |  |  |
State income taxes, net of federal income tax benefit |  | 2.2 | % |  | 1.6 | % |  | 2.2 | %
Earnings taxed in foreign jurisdictions |  | (4.9 | )% |  | (4.6 | )% |  | (2.0 | )%
Permanent differences |  | 0.4 | % |  | (0.4 | )% |  | (0.2 | )%
Uncertain tax positions |  | 3.6 | % |  | 4.3 | % |  | 2.8 | %
Remeasurement of deferred tax assets and liabilities |  | (2.6 | )% |  | — | % |  | — | %
Tax benefit due to effective date of statutory rate change |  | (15.9 | )% |  | — | % |  | — | %
One-time transition tax |  | 2.9 | % |  | — | % |  | — | %
Tax deductible write-down of foreign investment |  | (2.4 | )% |  | — | % |  | — | %
Change in valuation allowance - domestic |  | 1.1 | % |  | (0.1 | )% |  | — | %
Change in valuation allowance - foreign (1) |  | 2.9 | % |  | 0.3 | % |  | (0.5 | )%
Significant state apportionment changes |  | — | % |  | — | % |  | (4.3 | )%
Other |  | (2.0 | )% |  | (3.0 | )% |  | (0.3 | )%
Effective tax rate |  | 6.3 | % |  | 33.1 | % |  | 32.7 | %
(1) Primarily relates to the tax deductible write-down of foreign investment.
Schedule Of Components Of Income Tax Expense (Benefit) For Continuing Operations | The components of income tax expense (benefit) for continuing operations are as follows:
(in 000s) |
Year ended April 30, |  | 2018 |  |  | 2017 |  |  | 2016 |
Current: |  |  |  |  |  |
Federal |  | $ | (53,630 | ) |  | $ | 147,961 |  |  | $ | 167,233 |
State |  | 25,240 |  |  | 15,118 |  |  | (26,980 | )
Foreign |  | 9,953 |  |  | 10,678 |  |  | 8,735 |
|  | (18,437 | ) |  | 173,757 |  |  | 148,988 |
Deferred: |  |  |  |  |  |
Federal |  | 50,505 |  |  | 39,299 |  |  | 19,937 |
State |  | 24,666 |  |  | (5,064 | ) |  | 13,801 |
Foreign |  | (14,911 | ) |  | 378 |  |  | 3,200 |
|  | 60,260 |  |  | 34,613 |  |  | 36,938 |
Total income taxes for continuing operations |  | $ | 41,823 |  |  | $ | 208,370 |  |  | $ | 185,926 |
Schedule Of Deferred Tax Assets And Liabilities | A reconciliation of the deferred tax assets and liabilities and the corresponding amounts reported in the consolidated balance sheets is as follows:
(in 000s) |
As of April 30, |  | 2018 |  |  | 2017 |
Deferred income tax assets |  | $ | 29,455 |  |  | $ | 77,168 |
Deferred tax liabilities |  | (12,867 | ) |  | — |
Net deferred tax asset |  | $ | 16,588 |  |  | $ | 77,168 |
Summary of Valuation Allowance | Changes in our valuation allowance for fiscal years 2018, 2017 and 2016 are as follows:
(in 000s) |
Year ended April 30, |  | 2018 |  |  | 2017 |  |  | 2016 |
Balance, beginning of the year |  | $ | 22,844 |  |  | $ | 21,515 |  |  | $ | 24,937 |
Additions: |  |  |  |  |  |
Charged to costs and expenses |  | 26,371 |  |  | 3,281 |  |  | 3,207 |
Charged to other accounts |  | — |  |  | — |  |  | — |
Deductions |  | — |  |  | (1,952 | ) |  | (6,629 | )
Balance, end of the year |  | $ | 49,215 |  |  | $ | 22,844 |  |  | $ | 21,515 |
Schedule Of Reconciliation Of Unrecognized Tax Benefits | Changes in unrecognized tax benefits for fiscal years 2018, 2017 and 2016 are as follows:
(in 000s) |
Year ended April 30, |  | 2018 |  |  | 2017 |  |  | 2016 |
Balance, beginning of the year |  | $ | 149,943 |  |  | $ | 111,514 |  |  | $ | 86,268 |
Additions based on tax positions related to prior years |  | 6,657 |  |  | 14,743 |  |  | 29,294 |
Reductions based on tax positions related to prior years |  | (25,259 | ) |  | (8,469 | ) |  | (25,413 | )
Additions based on tax positions related to the current year |  | 68,292 |  |  | 33,264 |  |  | 27,220 |
Reductions related to settlements with tax authorities |  | (637 | ) |  | (293 | ) |  | (450 | )
Expiration of statute of limitations |  | (12,936 | ) |  | (989 | ) |  | (8,922 | )
Other |  | 1 |  |  | 173 |  |  | 3,517 |
Balance, end of the year |  | $ | 186,061 |  |  | $ | 149,943 |  |  | $ | 111,514 |

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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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