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Income Taxes (Tables)

12 Months Ended

Apr. 30, 2018

Income Taxes [Abstract]

Provision for Income Taxes

The provisions for income taxes for the years ended April 30 were as follows:

		2018				2017				2016
Current Provision
U.S. – Federal		$	(2,216	)		$	912			$	(5,365	)
International			46,112				105,228				31,958
State and Local			961				100				1,657
Total Current Provision		$	44,857			$	106,240			$	28,250
Deferred Provision (Benefit)
U.S. – Federal		$	(26,062	)		$	(13,852	)		$	6,625
International			2,420				(15,330	)			(6,459	)
State and Local			530				415				595
Total Deferred (Benefit) Provision		$	(23,112	)		$	(28,767	)		$	761
Total Provision		$	21,745			$	77,473			$	29,011

International and United States Pretax Income

International and United States pretax income for the years ended April 30 were as follows:

		2018				2017				2016
International		$	219,178			$	192,910			$	159,152
United States			(5,247	)			(1,794	)			15,641
Total		$	213,931			$	191,116			$	174,793

Reconciliation of Effective Income Tax Rate

Our effective income tax rate as a percentage of pretax income differed from the U.S. federal statutory rate as shown below:

		2018				2017				2016
U.S. Federal Statutory Rate			30.4	%			35.0	%			35.0	%
German Tax Litigation Expense			—				25.7				—
Benefit from Lower Taxes on Non-U.S. Income			(8.4	)			(12.7	)			(14.6	)
State Income Taxes, Net of U.S. Federal Tax Benefit			0.4				0.1				0.8
U.S. Tax Reform			(11.7	)			—				—
Deferred Tax Benefit From U.K. Statutory Tax Rate Change			—				(1.3	)			(3.4	)
Tax Credits and Related Benefits			(1.7	)			(6.2	)			(1.6	)
Tax Adjustments and Other			1.2				(0.1	)			0.4
Effective Income Tax Rate			10.2	%			40.5	%			16.6	%

Note: A substantial portion of our income is earned outside the U.S. in jurisdictions with lower statutory income tax rates than our U.S. statutory rate in 2018 including: U.K. (63%), Germany (25%), and Australia (7%).

Unrecognized Tax Benefits

A reconciliation of the unrecognized tax benefits included within the Other Long-Term Liabilities line item on the Consolidated Statements of Financial Position follows:

		2018				2017
Balance at May 1st		$	6,124			$	19,863
Additions for Current Year Tax Positions			1,372				2,566
Additions for Prior Year Tax Positions			69				31,802
Reductions for Prior Year Tax Positions			(38	)			—
Foreign Translation Adjustment			45				(419	)
Payments and Settlements			(124	)			(47,688	)
Reductions for Lapse of Statute of Limitations			(615	)			—
Balance at April 30th		$	6,833			$	6,124

Deferred Tax Assets and Liabilities

It is more likely than not that the results of future operations will generate sufficient taxable income to realize the net deferred tax assets. The significant components of deferred tax assets and liabilities at April 30 were as follows:

		2018				2017
Net Operating Losses		$	8,976			$	5,453
Reserve for Sales Returns and Doubtful Accounts			2,506				8,331
Accrued Employee Compensation			20,096				34,305
Foreign and Federal Credits			31,109				15,472
Other Accrued Expenses			4,632				14,303
Retirement and Post-Employment Benefits			39,160				56,633
Total Gross Deferred Tax Assets		$	106,479			$	134,497
Less Valuation Allowance			(8,811	)			(1,300	)
Total Deferred Tax Assets		$	97,668			$	133,197
Prepaid Expenses and Other Current Assets		$	(3,203	)		$	(16,385	)
Unremitted Foreign Earnings			(1,985	)			—
Intangible and Fixed Assets			(231,869	)			(272,008	)
Total Deferred Tax Liabilities		$	(237,057	)		$	(288,393	)
Net Deferred Tax Liabilities		$	(139,389	)		$	(155,196	)
Reported As
Non-current Deferred Tax Assets		$	4,129			$	5,295
Non-current Deferred Tax Liabilities			(143,518	)			(160,491	)
Net Deferred Tax Liabilities		$	(139,389	)		$	(155,196	)

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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.

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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.

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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.

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