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v3.20.1

Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2020
Income Taxes [Abstract] |
Provision for Income Taxes | The provisions for income taxes for the years ended April 30 were as follows:
|  | 2020 |  |  | 2019 |  |  | 2018 |
Current Provision |  |  |  |  |  |  |  |  |
U.S. – Federal |  | $ | 1,145 |  |  | $ | 2,384 |  |  | $ | (2,216 | )
International |  |  | 37,494 |  |  |  | 52,518 |  |  |  | 46,112 |
State and Local |  |  | 172 |  |  |  | 2,536 |  |  |  | 961 |
Total Current Provision |  | $ | 38,811 |  |  | $ | 57,438 |  |  | $ | 44,857 |
Deferred (Benefit) Provision |  |  |  |  |  |  |  |  |  |  |  |
U.S. – Federal |  | $ | (8,476 | ) |  | $ | 335 |  |  | $ | (26,062 | )
International |  |  | (15,022 | ) |  |  | (7,630 | ) |  |  | 2,420 |
State and Local |  |  | (4,118 | ) |  |  | (5,454 | ) |  |  | 530 |
Total Deferred (Benefit) Provision |  | $ | (27,616 | ) |  | $ | (12,749 | ) |  | $ | (23,112 | )
Total Provision |  | $ | 11,195 |  |  | $ | 44,689 |  |  | $ | 21,745 |
International and United States Pretax Income | International and United States pretax (loss) income for the years ended April 30 were as follows:
|  | 2020 |  |  | 2019 |  |  | 2018 |
International |  | $ | 104,185 |  |  | $ | 204,326 |  |  | $ | 219,178 |
United States |  |  | (167,277 | ) |  |  | 8,626 |  |  |  | (5,247 | )
Total |  | $ | (63,092 | ) |  | $ | 212,952 |  |  | $ | 213,931 |
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:
|  | 2020 |  |  | 2019 |  |  | 2018 |
U.S. Federal Statutory Rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 30.4 | %
Cost (Benefit) of Higher (Lower) Taxes on Non-U.S. Income |  |  | 4.8 |  |  |  | 0.9 |  |  |  | (8.4 | )
State Income Taxes, net of U.S. Federal Tax Benefit |  |  | 3.3 |  |  |  | (1.3 | ) |  |  | 0.4 |
Deferred Tax (Benefit) from U.S. Tax Act |  |  | — |  |  |  | 0.1 |  |  |  | (11.7 | )
Tax Credits and Related Benefits |  |  | (1.1 | ) |  |  | (0.8 | ) |  |  | (1.7 | )
Impairment of goodwill and intangibles |  |  | (42.3 | ) |  |  | — |  |  |  | — |
Other |  |  | (3.4 | ) |  |  | 1.1 |  |  |  | 1.2 |
Effective Income Tax Rate |  |  | (17.7 | )% |  |  | 21.0 | % |  |  | 10.2 | %
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:
|  | 2020 |  |  | 2019 |
Balance at May 1 |  | $ | 7,659 |  |  | $ | 6,833 |
Additions for Current Year Tax Positions |  |  | 694 |  |  |  | 1,473 |
Additions for Prior Year Tax Positions |  |  | — |  |  |  | 414 |
Reductions for Prior Year Tax Positions |  |  | (655 | ) |  |  | (578 | )
Foreign Translation Adjustment |  |  | (15 | ) |  |  | (42 | )
Payments and Settlements |  |  | (56 | ) |  |  | (136 | )
Reductions for Lapse of Statute of Limitations |  |  | (1,433 | ) |  |  | (305 | )
Balance at April 30 |  | $ | 6,194 |  |  | $ | 7,659 |
Deferred Tax Assets and Liabilities | We believe that 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:
|  | 2020 |  |  | 2019 |
Net Operating Losses |  | $ | 17,966 |  |  | $ | 14,491 |
Reserve for Sales Returns and Doubtful Accounts |  |  | 2,638 |  |  |  | 2,923 |
Accrued Employee Compensation |  |  | 20,114 |  |  |  | 17,528 |
Foreign and Federal Credits |  |  | 31,487 |  |  |  | 34,401 |
Other Accrued Expenses |  |  | 11,827 |  |  |  | 6,262 |
Retirement and Post-Employment Benefits |  |  | 37,927 |  |  |  | 40,653 |
Total Gross Deferred Tax Assets |  | $ | 121,959 |  |  | $ | 116,258 |
Less Valuation Allowance |  |  | (23,287 | ) |  |  | (21,179 | )
Total Deferred Tax Assets |  | $ | 98,672 |  |  | $ | 95,079 |
Prepaid Expenses and Other Current Assets |  | $ | (1,142 | ) |  | $ | (744 | )
Unremitted Foreign Earnings |  |  | (1,985 | ) |  |  | (1,985 | )
Intangible and Fixed Assets |  |  | (205,882 | ) |  |  | (226,898 | )
Total Deferred Tax Liabilities |  | $ | (209,009 | ) |  | $ | (229,627 | )
Net Deferred Tax Liabilities |  | $ | (110,337 | ) |  | $ | (134,548 | )
Reported As |  |  |  |  |  |  |  |
Deferred Tax Assets |  | $ | 8,790 |  |  | $ | 9,227 |
Deferred Tax Liabilities |  |  | (119,127 | ) |  |  | (143,775 | )
Net Deferred Tax Liabilities |  | $ | (110,337 | ) |  | $ | (134,548 | )

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