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v3.7.0.1

Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2017
Provision (Benefit) for Domestic and Foreign Income Taxes | The provision (benefit) for domestic and foreign income taxes was as follows:
|  | Year Ended April 30, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in thousands) |
Current income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (2,026 | ) |  | $ | 13,087 |  |  | $ | 16,569 |
State |  |  | 1,207 |  |  |  | 3,271 |  |  |  | 2,412 |
Foreign |  |  | 23,334 |  |  |  | 16,394 |  |  |  | 13,650 |
Current provision for income taxes |  |  | 22,515 |  |  |  | 32,752 |  |  |  | 32,631 |
Deferred income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 3,341 |  |  |  | (5,334 | ) |  |  | 3,140 |
State |  |  | 341 |  |  |  | (1,838 | ) |  |  | (239 | )
Foreign |  |  | 2,907 |  |  |  | (6,620 | ) |  |  | (2,006 | )
Deferred provision (benefit) for income taxes |  |  | 6,589 |  |  |  | (13,792 | ) |  |  | 895 |
Total provision for income taxes |  | $ | 29,104 |  |  | $ | 18,960 |  |  | $ | 33,526 |
Domestic and Foreign Components Of Income 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, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in thousands) |
Domestic |  | $ | 5,539 |  |  | $ | 22,228 |  |  | $ | 65,885 |
Foreign |  |  | 110,470 |  |  |  | 26,534 |  |  |  | 53,817 |
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries |  | $ | 116,009 |  |  | $ | 48,762 |  |  | $ | 119,702 |
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, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
U.S. federal statutory income tax rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
Non-deductible transaction costs |  |  | — |  |  |  | 5.8 |  |  |  | — |
Foreign tax rates differential |  |  | (9.1 | ) |  |  | (2.8 | ) |  |  | (4.2 | )
COLI increase, net |  |  | (1.5 | ) |  |  | (2.9 | ) |  |  | (3.1 | )
Conclusion of U.S. federal tax audit |  |  | — |  |  |  | (4.4 | ) |  |  | — |
Non-deductible operating expenses |  |  | 0.6 |  |  |  | 1.5 |  |  |  | 0.5 |
Devaluation of Venezuelan currency |  |  | — |  |  |  | 7.4 |  |  |  | — |
Change in valuation allowance |  |  | (3.1 | ) |  |  | (6.2 | ) |  |  | — |
Change in uncertain tax positions |  |  | — |  |  |  | 1.3 |  |  |  | (0.1 | )
Foreign source income, net of credits generated |  |  | (0.1 | ) |  |  | 0.5 |  |  |  | 0.4 |
Other |  |  | 3.3 |  |  |  | 3.7 |  |  |  | (0.5 | )
Effective income tax rate |  |  | 25.1 | % |  |  | 38.9 | % |  |  | 28.0 | %
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets and liabilities are as follows:
|  | April 30, |
|  | 2017 |  |  | 2016 |
|  | (in thousands) |
Deferred tax assets: |  |  |  |  |  |  |  |
Deferred compensation |  | $ | 92,043 |  |  | $ | 91,712 |
Loss and credit carryforwards |  |  | 32,854 |  |  |  | 31,023 |
Reserves and accruals |  |  | 14,095 |  |  |  | 14,189 |
Deferred rent |  |  | 9,797 |  |  |  | 7,684 |
Deferred revenue |  |  | 2,434 |  |  |  | 11,464 |
Allowance for doubtful accounts |  |  | 1,705 |  |  |  | 1,431 |
Other |  |  | 3,041 |  |  |  | 5,002 |
Gross deferred tax assets |  |  | 155,969 |  |  |  | 162,505 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangibles |  |  | (90,214 | ) |  |  | (94,284 | )
Property and equipment |  |  | (11,507 | ) |  |  | (10,603 | )
Prepaid expenses |  |  | (17,324 | ) |  |  | (12,698 | )
Other |  |  | (2,485 | ) |  |  | (815 | )
Gross deferred tax liabilities |  |  | (121,530 | ) |  |  | (118,400 | )
Valuation allowances |  |  | (21,278 | ) |  |  | (22,030 | )
Net deferred tax asset |  | $ | 13,161 |  |  | $ | 22,075 |
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, |
|  | 2017 |  |  | 2016 |  |  | 2015 |
|  | (in thousands) |
Unrecognized tax benefits, beginning of year |  | $ | 2,095 |  |  | $ | 2,423 |  |  | $ | 2,701 |
Settlement with tax authority |  |  | — |  |  |  | (1,963 | ) |  |  | (497 | )
Additions based on tax positions related to the current year |  |  | 383 |  |  |  | 1,305 |  |  |  | 219 |
Additions based on tax positions related to prior years |  |  | — |  |  |  | 330 |  |  |  | — |
Unrecognized tax benefits, end of year |  | $ | 2,478 |  |  | $ | 2,095 |  |  | $ | 2,423 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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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=65882285&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=65882285&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=65882285&loc=d3e32840-109319 + Details
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