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Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2021
Income Tax Disclosure [Abstract] |
Domestic and Foreign Components of Income (Loss) from Continuing Operations before Domestic and Foreign Income and Other Taxes | Income from continuing operations before provision for income taxes was as follows:
|  | Year Ended April 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (in thousands) |
Domestic |  | $ | 34,661 |  |  | $ | 40,736 |  |  | $ | (22,039 | )
Foreign |  |  | 129,039 |  |  |  | 110,226 |  |  |  | 156,379 |
Income before provision for income taxes |  | $ | 163,700 |  |  | $ | 150,962 |  |  | $ | 134,340 |
Provision (Benefit) for Domestic and Foreign Income Taxes | The provision for domestic and foreign income taxes was as follows:
|  | Year Ended April 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (in thousands) |
Current income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 16,913 |  |  | $ | 14,336 |  |  | $ | 6,152 |
State |  |  | 4,719 |  |  |  | 4,974 |  |  |  | 9,097 |
Foreign |  |  | 40,646 |  |  |  | 33,965 |  |  |  | 42,091 |
Current provision for income taxes |  |  | 62,278 |  |  |  | 53,275 |  |  |  | 57,340 |
Deferred income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (5,809 | ) |  |  | (6,862 | ) |  |  | (16,211 | )
State |  |  | (5,025 | ) |  |  | (784 | ) |  |  | (7,682 | )
Foreign |  |  | (3,306 | ) |  |  | (1,684 | ) |  |  | (3,903 | )
Deferred benefit for income taxes |  |  | (14,140 | ) |  |  | (9,330 | ) |  |  | (27,796 | )
Total provision for income taxes |  | $ | 48,138 |  |  | $ | 43,945 |  |  | $ | 29,544 |
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, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
U.S. federal statutory income tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State tax, net of federal effect |  |  | 1.0 |  |  |  | 2.2 |  |  |  | 1.1 |
Foreign tax rates differential |  |  | 4.5 |  |  |  | 4.5 |  |  |  | 5.0 |
Non-deductible officers compensation |  |  | 2.3 |  |  |  | 0.5 |  |  |  | 1.1 |
Excess tax expense (benefit) on stock-based compensation |  |  | 0.8 |  |  |  | (1.0 | ) |  |  | (3.1 | )
Change in valuation allowance |  |  | 0.3 |  |  |  | — |  |  |  | (2.0 | )
COLI increase, net |  |  | (1.7 | ) |  |  | (0.9 | ) |  |  | (1.0 | )
Change in uncertain tax positions |  |  | 1.1 |  |  |  | 0.2 |  |  |  | 0.1 |
Other |  |  | 0.1 |  |  |  | 2.6 |  |  |  | (0.2 | )
Effective income tax rate |  |  | 29.4 | % |  |  | 29.1 | % |  |  | 22.0 | %
Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets and liabilities were as follows:
|  | April 30, |
|  | 2021 |  |  | 2020 |
|  | (in thousands) |
Deferred tax assets: |  |  |  |  |  |  |  |
Deferred compensation |  | $ | 107,834 |  |  | $ | 86,479 |
Operating lease liability |  |  | 34,183 |  |  |  | 37,934 |
Loss carryforwards |  |  | 39,704 |  |  |  | 27,845 |
Reserves and accruals |  |  | 16,393 |  |  |  | 14,211 |
Allowance for doubtful accounts |  |  | 4,885 |  |  |  | 4,029 |
Other |  |  | — |  |  |  | 2,703 |
Gross deferred tax assets |  |  | 202,999 |  |  |  | 173,201 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Operating lease, right-of-use, assets |  |  | (27,777 | ) |  |  | (29,998 | )
Intangibles and Goodwill |  |  | (26,570 | ) |  |  | (29,006 | )
Property and equipment |  |  | (20,590 | ) |  |  | (22,332 | )
Prepaid expenses |  |  | (23,928 | ) |  |  | (19,567 | )
Marketable Securities |  |  | (7,003 | ) |  |  | — |
Other |  |  | (2,684 | ) |  |  | — |
Gross deferred tax liabilities |  |  | (108,552 | ) |  |  | (100,903 | )
Valuation allowances |  |  | (25,173 | ) |  |  | (17,875 | )
Net deferred tax asset |  | $ | 69,274 |  |  | $ | 54,423 |
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, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  | (in thousands) |
Unrecognized tax benefits, beginning of year |  | $ | 6,037 |  |  | $ | 7,794 |  |  | $ | 3,674 |
Settlement with tax authority |  |  | — |  |  |  | (1,767 | ) |  |  | (1,771 | )
Additions based on tax positions related to the current year |  |  | 1,716 |  |  |  | 10 |  |  |  | 1,775 |
Additions based on tax positions related to prior years |  |  | 2,201 |  |  |  | — |  |  |  | 4,116 |
Unrecognized tax benefits, end of year |  | $ | 9,954 |  |  | $ | 6,037 |  |  | $ | 7,794 |

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