XML 65 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES
 9 Months Ended
Jan. 31, 2013
INCOME TAXES
10. INCOME TAXES

The benefit for income taxes for the three and nine months ended January 31, 2013 includes a $5,242 deferred tax benefit due to a reduction of the valuation allowance. In determining the need for a valuation allowance, we have assessed the available means of recovering deferred tax assets, including the existence of reversing temporary differences. The valuation allowance decreased due to the recognition of additional reversing temporary differences from the $5,242 deferred tax liability recorded through goodwill related to the BBI acquisition. The $5,242 deferred tax liability related to the BBI acquisition was based on the impact of temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and such amounts recognized for income tax purposes. The remaining portion of the $3,899 benefit for income taxes for the nine months ending January 31, 2013 and the $1,330 provision for income taxes for the nine months ending January 31, 2012 include $1,176 and $1,085 deferred tax provisions, respectively, due mainly to the increase in the deferred tax liability for indefinite lived assets and a $167 and $245 current tax provision, respectively. Since we cannot determine when the deferred tax liability related to indefinite lived assets will reverse, this amount cannot be used as a future source of taxable income against which to benefit deferred tax assets.