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Accrued Expenses and Other Current Liabilities
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12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2014
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| Accrued Expenses and Other Current Liabilities | 9. Accrued Expenses and Other Current Liabilities Accrued liabilities, including other liabilities, consisted of the following (in thousands):
In October 2009 the Company signed a new lease agreement in Austin, Texas to expand its corporate headquarters. In conjunction with the lease signing, the Company received $2.9 million of leasehold improvement incentives. In February 2012 the Company signed a lease for additional space at its current corporate headquarters and received $0.6 million of additional leasehold improvement incentives. The Company has also signed leases for office premises at various other locations and has received rent-free periods as lease incentives. These were recorded as a liability and are being amortized over the term of the lease as a reduction to rent expense. As of April 30, 2014, $1.2 million of the lease incentive liability was included within accrued rent and $1.2 million of lease incentive liability was included in other liabilities, long term. As of April 30, 2013, $0.7 million of the lease incentive liability was included within accrued rent and $2.3 million of the lease incentive liability was included in other liabilities, long term. |
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