XML 51 R34.htm IDEA: XBRL DOCUMENT
v3.20.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2020
Income Tax Disclosure [Abstract] |
Domestic and Foreign Components of Income (Loss) from Continuing Operations before Domestic and Foreign Income and Other Taxes | Income (loss) from continuing operations before provision for income taxes was as follows:
|  | Year Ended April 30, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (in thousands) |
Domestic |  | $ | 40,736 |  |  | $ | (22,039 | ) |  | $ | 47,164 |
Foreign |  |  | 110,226 |  |  |  | 156,379 |  |  |  | 158,866 |
Income before provision for income taxes |  | $ | 150,962 |  |  | $ | 134,340 |  |  | $ | 206,030 |
Provision (Benefit) for Domestic and Foreign Income Taxes | The provision (benefit) for domestic and foreign income taxes was as follows:
|  | Year Ended April 30, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (in thousands) |
Current income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 14,336 |  |  | $ | 6,152 |  |  | $ | 29,400 |
State |  |  | 4,974 |  |  |  | 9,097 |  |  |  | 2,863 |
Foreign |  |  | 33,965 |  |  |  | 42,091 |  |  |  | 44,434 |
Current provision for income taxes |  |  | 53,275 |  |  |  | 57,340 |  |  |  | 76,697 |
Deferred income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (6,862 | ) |  |  | (16,211 | ) |  |  | (3,530 | )
State |  |  | (784 | ) |  |  | (7,682 | ) |  |  | (317 | )
Foreign |  |  | (1,684 | ) |  |  | (3,903 | ) |  |  | (2,717 | )
Deferred benefit for income taxes |  |  | (9,330 | ) |  |  | (27,796 | ) |  |  | (6,564 | )
Total provision for income taxes |  | $ | 43,945 |  |  | $ | 29,544 |  |  | $ | 70,133 |
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, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
U.S. federal statutory income tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 30.4 | %
State tax, net of federal effect |  |  | 2.2 |  |  |  | 1.1 |  |  |  | 1.0 |
Foreign tax rates differential |  |  | 4.5 |  |  |  | 5.0 |  |  |  | (2.3 | )
Transition tax |  |  | — |  |  |  | — |  |  |  | 9.0 |
Deferred tax remeasurement |  |  | — |  |  |  | — |  |  |  | (2.4 | )
Non-deductible officers compensation |  |  | 0.5 |  |  |  | 1.1 |  |  |  | — |
Excess tax benefit on stock-based compensation |  |  | (1.0 | ) |  |  | (3.1 | ) |  |  | — |
Change in valuation allowance |  |  | — |  |  |  | (2.0 | ) |  |  | (2.3 | )
Other |  |  | 1.9 |  |  |  | (1.1 | ) |  |  | 0.6 |
Effective income tax rate |  |  | 29.1 | % |  |  | 22.0 | % |  |  | 34.0 | %
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets and liabilities were as follows:
|  | April 30, |
|  | 2020 |  |  | 2019 |
|  | (in thousands) |
Deferred tax assets: |  |  |  |  |  |  |  |
Deferred compensation |  | $ | 86,479 |  |  | $ | 75,521 |
Operating lease liability |  |  | 37,934 |  |  |  | — |
Loss carryforwards |  |  | 27,845 |  |  |  | 22,467 |
Reserves and accruals |  |  | 14,211 |  |  |  | 12,954 |
Deferred rent |  |  | — |  |  |  | 7,652 |
Deferred revenue |  |  | 1,187 |  |  |  | 1,090 |
Allowance for doubtful accounts |  |  | 4,029 |  |  |  | 3,217 |
Other |  |  | 1,516 |  |  |  | — |
Gross deferred tax assets |  |  | 173,201 |  |  |  | 122,901 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Operating lease, right-of-use, assets |  |  | (29,998 | ) |  |  | — |
Intangibles and Goodwill |  |  | (29,006 | ) |  |  | (28,958 | )
Property and equipment |  |  | (22,332 | ) |  |  | (15,883 | )
Prepaid expenses |  |  | (19,567 | ) |  |  | (20,152 | )
Other |  |  | — |  |  |  | (1,759 | )
Gross deferred tax liabilities |  |  | (100,903 | ) |  |  | (66,752 | )
Valuation allowances |  |  | (17,875 | ) |  |  | (14,032 | )
Net deferred tax asset |  | $ | 54,423 |  |  | $ | 42,117 |
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, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (in thousands) |
Unrecognized tax benefits, beginning of year |  | $ | 7,794 |  |  | $ | 3,674 |  |  | $ | 2,478 |
Settlement with tax authority |  |  | (1,767 | ) |  |  | (1,771 | ) |  |  | (708 | )
Additions based on tax positions related to the current year |  |  | 10 |  |  |  | 1,775 |  |  |  | 1,116 |
Additions based on tax positions related to prior years |  |  | — |  |  |  | 4,116 |  |  |  | 788 |
Unrecognized tax benefits, end of year |  | $ | 6,037 |  |  | $ | 7,794 |  |  | $ | 3,674 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=117331294&loc=d3e36027-109320 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration