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Goodwill | 12 Months Ended
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Apr. 30, 2014
Goodwill | 7. Goodwill As of April 30, 2014 and April 30, 2013, the Company had goodwill in the amount of $139.2 million and $132.8 million, respectively. The Company assesses goodwill for impairment annually in the fourth fiscal quarter, or more frequently if indicators of potential impairment arise. As a result of the Joint Stipulation the Company entered into with the DOJ to resolve the DOJ’s claims in the antitrust action related to the Company’s acquisition of PowerReviews (See Note 16), the Company evaluated the recoverability of its goodwill as of April 30, 2014 by performing step one of the impairment test. The Company operates as one reporting unit and therefore considers its market capitalization to represent fair market value. The market capitalization exceeded the carrying value of the consolidated assets, including goodwill, as of April 30, 2014. As a result, this did not necessitate step two of the impairment test and the Company did not record an impairment charge for its goodwill as of April 30, 2014. As part of the potential divestiture of the PowerReviews business (See Note 3), the Company allocated $9.0 million of goodwill to assets held for sale based on the relative fair market value of the PowerReviews business. The following table reflects the changes in goodwill for the fiscal years ended April 30, 2014 and April 30, 2013 (in thousands):
Balance, as of April 30, 2012 |  | $ | — |
Goodwill related to PowerReviews acquisition |  |  | 113,152 |
Goodwill related to Longboard Media acquisition |  |  | 28,681 |
Goodwill related to discontinued operations included in assets held for sale |  |  | (9,002 | )
Balance, as of April 30, 2013 |  | $ | 132,831 |
Goodwill related to FeedMagnet acquisition |  |  | 6,324 |
Balance, as of April 30, 2014 |  | $ | 139,155 |

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- Definition The entire disclosure for goodwill. + References No definition available. + Details
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