XML 53 R15.htm IDEA: XBRL DOCUMENT
v3.20.1

Note H - Income Taxes | 12 Months Ended
--- | ---
Apr. 30, 2020
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | H - Income Taxes The provision for income taxes was as follows:
|  | Years Ended April 30,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 14,288 |  |  | $ | 10,525 |  |  | $ | 8,757 |
Deferred |  |  | (1,280 | ) |  |  | 1,701 |  |  |  | (6,360 | )
Total |  | $ | 13,008 |  |  | $ | 12,226 |  |  | $ | 2,397 |
The provision for income taxes is different from the amount computed by applying the statutory federal income tax rate to income before income taxes for the following reasons:
|  | Years Ended April 30,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Tax provision at statutory rate |  | $ | 13,514 |  |  | $ | 12,569 |  |  | $ | 11,827 |
State taxes, net of federal benefit |  |  | 1,931 |  |  |  | 1,796 |  |  |  | 1,077 |
Tax benefit from option exercises |  |  | (1,498 | ) |  |  | (1,961 | ) |  |  | (1,721 | )
Deferred tax adjustment related to Tax Act |  |  | - |  |  |  | - |  |  |  | (8,083 | )
Other, net |  |  | (939 | ) |  |  | (178 | ) |  |  | (703 | )
Total |  | $ | 13,008 |  |  | $ | 12,226 |  |  | $ | 2,397 |
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred income tax assets and liabilities were as follows:
|  | Years Ended April 30,
(In thousands) |  | 2020 |  | 2019
Deferred income tax liabilities related to: |  |  |  |  |  |  |  |
Finance receivables |  | $ | 19,342 |  |  | $ | 19,254 |
Property and equipment |  |  | 69 |  |  |  | - |
Goodwill |  |  | 90 |  |  |  | 76 |
Total |  |  | 19,501 |  |  |  | 19,330 |
Deferred income tax assets related to: |  |  |  |  |  |  |  |
Accrued liabilities |  |  | 1,565 |  |  |  | 1,638 |
Inventory |  |  | 107 |  |  |  | 127 |
Disallowed interest deduction |  |  | 1,365 |  |  |  | - |
Share based compensation |  |  | 2,490 |  |  |  | 2,186 |
Property and equipment |  |  | - |  |  |  | 76 |
State net operating loss |  |  | 42 |  |  |  | 29 |
Deferred revenue |  |  | 953 |  |  |  | 1,015 |
Total |  |  | 6,522 |  |  |  | 5,071 |
Deferred income tax liabilities, net |  | $ | 12,979 |  |  | $ | 14,259 |

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

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration