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Income Taxes (Tables)

8 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Provision (Benefit) for Income Taxes Continuing Operations

The provision (benefit) for income taxes from continuing operations for transition period 2014, fiscal year 2014, fiscal year 2013 and fiscal year 2012 consists of the following:

		Eight Months Ended December 31, 2014				Fiscal Year Ended April 30,
						2014				2013				2012
Federal –
Current		$	2,231			$	—			$	—			$	121
Current benefit of loss carryforwards			(2,231	)			—				—				—
Deferred			463				1,262				(2,827	)			1,468
			463				1,262				(2,827	)			1,589
State –
Current			500				219				1,040				(352	)
Current benefit of loss carryforwards			(402	)			—				(22	)			—
Deferred			142				318				(717	)			372
Deferred benefit of loss carryforwards			—				—				—				(16	)
			240				537				301				4
		$	703			$	1,799			$	(2,526	)		$	1,593

Schedule of Difference in Provision (Benefit) for Income Taxes

The differences in the provision (benefit) for income taxes and the amounts determined by applying the Federal statutory rate to income before provision (benefit) for income taxes for transition period 2014, fiscal year 2014, fiscal year 2013 and fiscal year 2012 are as follows:

		Eight Months Ended December 31, 2014				Fiscal Year Ended April 30,
						2014				2013				2012
Federal statutory rate			35	%			35	%			35	%			35	%
Tax at statutory rate		$	(1,787	)		$	(8,929	)		$	(18,378	)		$	(26,638	)
State income taxes, net of federal benefit			(59	)			(1,271	)			(1,076	)			(3,050	)
Other increase (decrease) in valuation allowance			2,532				13,605				22,510				27,247
Decrease in valuation allowance due to BBI acquisition			—				—				(5,084	)			—
Non-deductible GreenFiber goodwill impairment and equity income in subsidiaries			(73	)			1,548				180				1,182
Tax over book basis in GreenFiber on sale			—				(2,570	)			—				—
Non-deductible impairment of investment in GreenFiber			—				—				—				3,738
Non-deductible expenses			505				505				494				823
Tax credits			(380	)			(598	)			(660	)			(650	)
Non-deductible stock option charges			—				—				—				73
Other, net			(35	)			(491	)			(512	)			(1,132	)
		$	703			$	1,799			$	(2,526	)		$	1,593

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect 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. Deferred tax assets and liabilities consist of the following as of December 31, 2014, April 30, 2014 and April 30, 2013:

		December 31, 2014				April 30,
						2014				2013
Deferred tax assets:
Net operating loss carryforwards		$	40,357			$	36,594			$	34,217
Book over tax depreciation of property and equipment			31,535				28,868				19,881
Accrued expenses and reserves			28,929				30,690				29,884
Alternative minimum tax credit carryforwards			3,457				3,330				3,330
General business tax credit carryforwards			2,921				2,666				2,095
Stock awards			1,082				1,315				1,177
Unrealized loss on hedges and swaps			672				1,115				1,852
Capital loss carryforwards			—				2,510				—
Other			2,106				1,496				964
Total deferred tax assets			111,059				108,584				93,400
Less: valuation allowance			(87,121	)			(84,540	)			(70,352	)
Total deferred tax assets after valuation allowance			23,938				24,044				23,048
Deferred tax liabilities:
Amortization of intangibles			(28,659	)			(28,210	)			(25,973	)
Other			(264	)			(286	)			(143	)
Total deferred tax liabilities			(28,923	)			(28,496	)			(26,116	)
Net deferred tax liability		$	(4,985	)		$	(4,452	)		$	(3,068	)

Schedule of Reconciliation of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for transition period 2014, fiscal year 2014 and fiscal year 2013 is as follows:

		Eight Months Ended December 31, 2014				Fiscal Year Ended April 30,
						2014				2013
Unrecognized tax benefits at beginning of period		$	3,061			$	3,879			$	4,447
Gross increases for tax positions of prior years			14				22				543
Gross decreases for tax positions of prior years			(1	)			(229	)			(26	)
Reductions resulting from lapse of statute of limitations			(1	)			(611	)			(655	)
Settlements			—				—				(430	)
Unrecognized tax benefits at end of period		$	3,073			$	3,061			$	3,879

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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