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Income Taxes (Tables)

12 Months Ended

Apr. 30, 2014

Provision (Benefit) For Domestic And Foreign Income Taxes

The provision (benefit) for domestic and foreign income taxes was as follows:

		Year Ended April 30,
		2014				2013				2012
		(in thousands)
Current income taxes:
Federal		$	6,982			$	4,100			$	4,173
State			1,939				1,237				1,609
Foreign			15,502				8,759				12,670
Current provision for income taxes			24,423				14,096				18,452
Deferred income taxes:
Federal			5,094				(423	)			7,281
State			177				1,895				3,508
Foreign			(1,202	)			1,069				(890	)
Deferred provision for income taxes			4,069				2,541				9,899
Total provision for income taxes		$	28,492			$	16,637			$	28,351

Domestic And Foreign Components Of Income (Loss) From Continuing Operations Before Domestic And Foreign Income And Other Taxes And Equity In Earnings

The domestic and foreign components of income from continuing operations before domestic and foreign income and other taxes and equity in earnings of unconsolidated subsidiaries were as follows:

		Year Ended April 30,
		2014				2013				2012
		(in thousands)
Domestic		$	42,411			$	15,915			$	42,375
Foreign			56,603				31,905				38,429
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries		$	99,014			$	47,820			$	80,804

Reconciliation Of Statutory Federal Income Tax Rate To Effective Consolidated Tax Rate

The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows:

		Year Ended April 30,
		2014				2013				2012
U.S. federal statutory income tax rate			35.0	%			35.0	%			35.0	%
Foreign source income, net of credits generated			2.0				0.6				3.0
Foreign tax rates differential			(4.7	)			(3.7	)			(2.9	)
COLI increase, net			(2.9	)			(4.8	)			(2.7	)
Conclusion of U.S. federal tax audit			(2.7	)			—				—
Adjustment to repatriation plan			(0.6	)			(3.2	)			(1.7	)
State income taxes, net of federal benefit			1.5				5.7				4.0
Adjustments for valuation allowance			(1.4	)			(0.4	)			(0.7	)
Non-deductible business acquisition transaction costs			—				1.3				—
Expense disallowances			0.6				1.1				0.8
Change in uncertain tax positions			1.1				1.9				—
Other			0.9				1.3				0.3
Effective income tax rate			28.8	%			34.8	%			35.1	%

Components Of Deferred Tax Assets And Liabilities

Components of deferred tax assets and liabilities are as follows:

		April 30,
		2014				2013
		(in thousands)
Deferred tax assets:
Deferred compensation		$	66,359			$	64,791
Loss and credit carryforwards			35,177				42,984
Reserves and accruals			8,706				7,613
Deferred rent			5,575				6,366
Deferred revenue			1,672				1,646
Allowance for doubtful accounts			1,536				1,804
Other			6,531				4,867
Gross deferred tax assets			125,556				130,071
Deferred tax liabilities:
Intangibles			(21,507	)			(21,560	)
Property and equipment			(6,277	)			(6,747	)
Prepaid expenses			(5,600	)			(4,184	)
Other			(5,678	)			(3,135	)
Gross deferred tax liabilities			(39,062	)			(35,626	)
Valuation allowances			(26,969	)			(27,731	)
Net deferred tax asset		$	59,525			$	66,714

Deferred Tax Amounts

The deferred tax amounts have been classified in the consolidated balance sheets as follows:

		April 30,
		2014				2013
		(in thousands)
Current:
Deferred tax assets		$	15,591			$	13,791
Deferred tax liabilities			(10,813	)			(10,220	)
Valuation allowance			(292	)			(60	)
Current deferred tax asset			4,486				3,511
Non-current:
Deferred tax asset			109,965				116,280
Deferred tax liabilities			(28,249	)			(25,406	)
Valuation allowance			(26,677	)			(27,671	)
Non-current deferred tax asset, net			55,039				63,203
Net deferred tax assets		$	59,525			$	66,714

Changes In Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the unrecognized tax benefits is as follows:

		Year Ended April 30,
		2014				2013				2012
		(in thousands)
Unrecognized tax benefits, beginning of year		$	3,400			$	—			$	—
Settlement with tax authority			(1,946	)			—				—
Additions based on tax positions related to the current year			279				1,454				—
Additions based on tax positions related to prior years			968				1,946				—
Unrecognized tax benefits, end of year		$	2,701			$	3,400			$	—

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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 income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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