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Quarterly Results

12 Months Ended

Apr. 30, 2015

Quarterly Results

15. Quarterly Results (Unaudited)

The following table sets forth certain unaudited consolidated statement of income data for the quarters in fiscal 2015 and 2014. The unaudited quarterly information has been prepared on the same basis as the annual financial statements and, in management’s opinion, includes all adjustments necessary to present fairly the information for the quarters presented.

		Quarters Ended
		Fiscal 2015																Fiscal 2014
		April 30				January 31				October 31				July 31				April 30				January 31				October 31				July 31
		(in thousands, except per share data)
Fee revenue		$	271,717			$	249,545			$	255,702			$	251,188			$	251,712			$	242,184			$	237,968			$	228,437
Operating income		$	28,092			$	32,927			$	34,416			$	18,593			$	24,480			$	27,302			$	23,165			$	16,661
Net income		$	25,482			$	22,939			$	25,403			$	14,533			$	21,211			$	21,304			$	18,759			$	11,417
Net earnings per common share:
Basic		$	0.51			$	0.46			$	0.52			$	0.30			$	0.44			$	0.44			$	0.39			$	0.24
Diluted		$	0.51			$	0.46			$	0.51			$	0.29			$	0.43			$	0.43			$	0.38			$	0.24

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- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 270



-SubTopic 10



-Section 45



-Paragraph 13



-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 270



-SubTopic 10



-Section 50



-Paragraph 1



-Subparagraph (a)-(j)



-URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306



Reference 3: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 270



-SubTopic 10



-Section 45



-Paragraph 12



-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305



Reference 4: http://www.xbrl.org/2003/role/presentationRef



-Publisher SEC



-Name Staff Accounting Bulletin (SAB)



-Number Topic 6



-Section G



-Subsection 1



Reference 5: http://www.xbrl.org/2003/role/presentationRef



-Publisher SEC



-Name Regulation S-K (SK)



-Number 229



-Section 302



-Paragraph a

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