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Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2019
Income Tax Disclosure [Abstract] |
Domestic and Foreign Components of Income from Continuing Operations before Domestic and Foreign Income and Other Taxes and Equity in Earnings of Unconsolidated Subsidiaries | Income from continuing operations before provision for income taxes and equity in earnings of unconsolidated subsidiaries was as follows:
|  | Year Ended April 30, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | (in thousands) |
Domestic |  | $ | (22,350 | ) |  | $ | 46,867 |  |  | $ | 5,539 |
Foreign |  |  | 156,379 |  |  |  | 158,866 |  |  |  | 110,470 |
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries |  | $ | 134,029 |  |  | $ | 205,733 |  |  | $ | 116,009 |
Provision (Benefit) for Domestic and Foreign Income Taxes | The provision (benefit) for domestic and foreign income taxes was as follows:
|  | Year Ended April 30, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | (in thousands) |
Current income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 6,152 |  |  | $ | 29,400 |  |  | $ | (2,026 | )
State |  |  | 9,097 |  |  |  | 2,863 |  |  |  | 1,207 |
Foreign |  |  | 42,091 |  |  |  | 44,434 |  |  |  | 23,334 |
Current provision for income taxes |  |  | 57,340 |  |  |  | 76,697 |  |  |  | 22,515 |
Deferred income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (16,211 | ) |  |  | (3,530 | ) |  |  | 3,341 |
State |  |  | (7,682 | ) |  |  | (317 | ) |  |  | 341 |
Foreign |  |  | (3,903 | ) |  |  | (2,717 | ) |  |  | 2,907 |
Deferred (benefit) provision for income taxes |  |  | (27,796 | ) |  |  | (6,564 | ) |  |  | 6,589 |
Total provision for income taxes |  | $ | 29,544 |  |  | $ | 70,133 |  |  | $ | 29,104 |
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, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
U.S. federal statutory income tax rate |  |  | 21.0 | % |  |  | 30.4 | % |  |  | 35.0 | %
Foreign tax rates differential |  |  | 5.0 |  |  |  | (2.3 | ) |  |  | (9.1 | )
Transition tax |  |  | — |  |  |  | 9.0 |  |  |  | — |
Deferred tax remeasurement |  |  | — |  |  |  | (2.4 | ) |  |  | — |
Non-deductible officers compensation |  |  | 1.1 |  |  |  | — |  |  |  | — |
Excess tax benefit on stock-based compensation |  |  | (3.1 | ) |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | (2.0 | ) |  |  | (2.3 | ) |  |  | (3.1 | )
Other |  |  | — |  |  |  | 1.7 |  |  |  | 2.3 |
Effective income tax rate |  |  | 22.0 | % |  |  | 34.1 | % |  |  | 25.1 | %
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets and liabilities were as follows:
|  | April 30, |
|  | 2019 |  |  | 2018 |
|  | (in thousands) |
Deferred tax assets: |  |  |  |  |  |  |  |
Deferred compensation |  | $ | 75,521 |  |  | $ | 67,852 |
Loss carryforwards |  |  | 22,467 |  |  |  | 22,297 |
Reserves and accruals |  |  | 12,954 |  |  |  | 13,945 |
Deferred rent |  |  | 7,652 |  |  |  | 6,827 |
Deferred revenue |  |  | 1,090 |  |  |  | 1,793 |
Allowance for doubtful accounts |  |  | 3,217 |  |  |  | 2,296 |
Other |  |  | — |  |  |  | 982 |
Gross deferred tax assets |  |  | 122,901 |  |  |  | 115,992 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangibles |  |  | (28,958 | ) |  |  | (57,046 | )
Property and equipment |  |  | (15,883 | ) |  |  | (5,000 | )
Prepaid expenses |  |  | (20,152 | ) |  |  | (19,123 | )
Other |  |  | (1,759 | ) |  |  | (2,726 | )
Gross deferred tax liabilities |  |  | (66,752 | ) |  |  | (83,895 | )
Valuation allowances |  |  | (14,032 | ) |  |  | (15,682 | )
Net deferred tax asset |  | $ | 42,117 |  |  | $ | 16,415 |
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, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | (in thousands) |
Unrecognized tax benefits, beginning of year |  | $ | 3,674 |  |  | $ | 2,478 |  |  | $ | 2,095 |
Settlement with tax authority |  |  | (1,771 | ) |  |  | (708 | ) |  |  | — |
Additions based on tax positions related to the current year |  |  | 1,775 |  |  |  | 1,116 |  |  |  | 383 |
Additions based on tax positions related to prior years |  |  | 4,116 |  |  |  | 788 |  |  |  | — |
Unrecognized tax benefits, end of year |  | $ | 7,794 |  |  | $ | 3,674 |  |  | $ | 2,478 |

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