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Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2021
Income Taxes [Abstract] |
Provision for Income Taxes | The provisions for income taxes were as follows:
|  | For the Years Ended April 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Current Provision |  |  |  |  |  |  |  |  |
US – Federal |  | $ | (6,631 | ) |  | $ | 1,145 |  |  | $ | 2,384 |
International |  |  | 43,269 |  |  |  | 37,494 |  |  |  | 52,518 |
State and local |  |  | 1,359 |  |  |  | 172 |  |  |  | 2,536 |
Total current provision |  | $ | 37,997 |  |  | $ | 38,811 |  |  | $ | 57,438 |
Deferred (benefit) provision |  |  |  |  |  |  |  |  |  |  |  |
US – Federal |  | $ | (11,996 | ) |  | $ | (8,476 | ) |  | $ | 335 |
International |  |  | 1,175 |  |  |  | (15,022 | ) |  |  | (7,630 | )
State and local |  |  | 480 |  |  |  | (4,118 | ) |  |  | (5,454 | )
Total deferred (benefit) |  | $ | (10,341 | ) |  | $ | (27,616 | ) |  | $ | (12,749 | )
Total provision |  | $ | 27,656 |  |  | $ | 11,195 |  |  | $ | 44,689 |
International and United States Pretax Income (Loss) | International and United States pretax income (loss) were as follows:
|  | For the Years Ended April 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
International |  | $ | 202,490 |  |  | $ | 104,185 |  |  | $ | 204,326 |
United States |  |  | (26,578 | ) |  |  | (167,277 | ) |  |  | 8,626 |
Total |  | $ | 175,912 |  |  | $ | (63,092 | ) |  | $ | 212,952 |
Reconciliation of Effective Income Tax Rate | Our effective income tax rate as a percentage of pretax income differed from the US federal statutory rate as shown below:
|  | For the Years Ended April 30, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
US federal statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
Cost of higher taxes on non-US income |  |  | 1.1 |  |  |  | 4.8 |  |  |  | 0.9 |
State income taxes, net of US federal tax benefit |  |  | 0.8 |  |  |  | 3.3 |  |  |  | (1.3 | )
US NOL carryback under CARES Act |  |  | (8.0 | ) |  |  | — |  |  |  | — |
Deferred tax (benefit) from US Tax Act |  |  | — |  |  |  | — |  |  |  | 0.1 |
Tax credits and related benefits |  |  | (0.5 | ) |  |  | (1.1 | ) |  |  | (0.8 | )
Impairment of goodwill and intangibles |  |  | — |  |  |  | (42.3 | ) |  |  | — |
Other |  |  | 1.3 |  |  |  | (3.4 | ) |  |  | 1.1 |
Effective income tax rate |  |  | 15.7 | % |  |  | (17.7 | )% |  |  | 21.0 | %
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:
|  | 2021 |  |  | 2020 |
Balance at May 1 |  | $ | 6,194 |  |  | $ | 7,659 |
Additions for current year tax positions |  |  | 3,626 |  |  |  | 694 |
Additions for prior year tax positions |  |  | 511 |  |  |  | — |
Reductions for prior year tax positions |  |  | (163 | ) |  |  | (655 | )
Foreign translation adjustment |  |  | 57 |  |  |  | (15 | )
Payments and settlements |  |  | (215 | ) |  |  | (56 | )
Reductions for lapse of statute of limitations |  |  | (866 | ) |  |  | (1,433 | )
Balance at April 30 |  | $ | 9,144 |  |  | $ | 6,194 |
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:
|  | 2021 |  |  | 2020 |
Net operating losses |  | $ | 19,433 |  |  | $ | 17,966 |
Reserve for sales returns and doubtful accounts |  |  | 3,838 |  |  |  | 2,638 |
Accrued employee compensation |  |  | 32,835 |  |  |  | 20,114 |
Foreign and federal credits |  |  | 5,129 |  |  |  | 31,487 |
Other accrued expenses |  |  | 16,092 |  |  |  | 11,827 |
Retirement and post-employment benefits |  |  | 30,039 |  |  |  | 37,927 |
Total gross deferred tax assets |  | $ | 107,366 |  |  | $ | 121,959 |
Less valuation allowance |  |  | (4,855 | ) |  |  | (23,287 | )
Total deferred tax assets |  | $ | 102,511 |  |  | $ | 98,672 |
Prepaid expenses and other current assets |  | $ | (459 | ) |  | $ | (1,142 | )
Unremitted foreign earnings |  |  | (2,485 | ) |  |  | (1,985 | )
Intangible and fixed assets |  |  | (260,559 | ) |  |  | (205,882 | )
Total deferred tax liabilities |  | $ | (263,503 | ) |  | $ | (209,009 | )
Net deferred tax liabilities |  | $ | (160,992 | ) |  | $ | (110,337 | )
Reported As |  |  |  |  |  |  |  |
Deferred tax assets |  | $ | 11,911 |  |  | $ | 8,790 |
Deferred tax liabilities |  |  | (172,903 | ) |  |  | (119,127 | )
Net Deferred Tax Liabilities |  | $ | (160,992 | ) |  | $ | (110,337 | )

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- Definition 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. + References Reference 1: 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=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
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