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Note H - Income Taxes | 12 Months Ended
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Apr. 30, 2024
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) |  | 2024 |  |  | 2023 |  |  | 2022 |
Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |
Current |  | $ | 12,765 |  |  | $ | (3,504 | ) |  | $ | 18,871 |
Deferred |  |  | (21,507 | ) |  |  | 8,866 |  |  |  | 8,750 |
Total |  | $ | (8,742 | ) |  | $ | 5,362 |  |  | $ | 27,621 |
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) |  | 2024 |  |  | 2023 |  |  | 2022 |
Tax provision at statutory rate |  | $ | (8,428 | ) |  | $ | 5,417 |  |  | $ | 25,753 |
State taxes, net of federal benefit |  |  | (1,204 | ) |  |  | 774 |  |  |  | 3,679 |
Tax benefit from option exercises |  |  | (227 | ) |  |  | (558 | ) |  |  | (1,356 | )
Other, net |  |  | 1,117 |  |  |  | (271 | ) |  |  | (455 | )
Total |  | $ | (8,742 | ) |  | $ | 5,362 |  |  | $ | 27,621 |
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) |  | 2024 |  |  | 2023 |
Deferred income tax liabilities related to: |  |  |  |  |  |  |  |
Finance receivables |  | $ | 46,056 |  |  | $ | 47,486 |
Property and equipment |  |  | 3,222 |  |  |  | 3,262 |
Goodwill |  |  | 426 |  |  |  | 281 |
Total |  |  | 49,704 |  |  |  | 51,029 |
Deferred income tax assets related to: |  |  |  |  |  |  |  |
Accrued liabilities |  |  | 2,218 |  |  |  | 3,051 |
Inventory |  |  | 152 |  |  |  | 204 |
Share based compensation |  |  | 4,803 |  |  |  | 4,634 |
Net operating loss |  |  | 20,700 |  |  |  | 164 |
Interest expense limitation |  |  | (7 | ) |  |  | - |
Deferred revenue |  |  | 4,030 |  |  |  | 3,661 |
Total |  |  | 31,896 |  |  |  | 11,714 |
Deferred income tax liabilities, net |  | $ | 17,808 |  |  | $ | 39,315 |

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