v2.4.0.8

Income Taxes (Tables)

12 Months Ended

Apr. 30, 2014

Components of Loss Before Income Taxes

U.S. and international components of loss before income taxes were as follows (in thousands):

		Year Ended April 30,
		2014				2013				2012
U.S.		$	(55,508	)		$	(50,538	)		$	(24,711	)
International			2,162				1,863				1,193
Loss from continuing operations before income taxes		$	(53,346	)		$	(48,675	)		$	(23,518	)

Income Tax Expense (Benefit)

Income tax expense (benefit) is composed of the following (in thousands):

		Year Ended April 30,
		2014				2013				2012
Current:
State		$	294			$	931			$	350
International			567				518				767
Total			861				1,449				1,117
Deferred:
Federal			(13,930	)			(11,190	)			(7,488	)
State			(2,091	)			9				1
International			203				(90	)			(282	)
Total			(15,818	)			(11,271	)			(7,769	)
Change in valuation allowance			14,457				8,650				7,463
Provision for (benefit from) income taxes		$	(500	)		$	(1,172	)		$	811

Summary of Difference Between Tax Benefit Derived by Applying Federal Statutory Income Tax Rate to Net Losses and Expense Recognized In Financial Statements

The difference between the tax expense (benefit) derived by applying the Federal statutory income tax rate to net losses and the expense recognized in the financial statements is as follows (in thousands):

		Year Ended April 30,
		2014				2013				2012
U.S. federal taxes at statutory rate		$	(18,138	)		$	(16,550	)		$	(7,996	)
State tax provision			(1,510	)			250				237
Foreign tax rate differentials			(123	)			(185	)			(110	)
Research and development credit			(1,201	)			(1,198	)			(613	)
Stock options			1,608				3,752				1,448
Nondeductible legal expenses			5,796				3,956				—
Permanent differences and other			(1,389	)			153				382
Change in valuation allowance			14,457				8,650				7,463
Provision for (benefit from) income taxes		$	(500	)		$	(1,172	)		$	811

Components of Net Deferred Tax Amounts

The components of the net deferred tax amounts recognized in the accompanying consolidated balance sheets are (in thousands):

		Year Ended April 30,
		2014				2013
Deferred tax asset:
Bad debts		$	743			$	761
Other accruals			2,165				2,158
Charitable contributions			274				216
Stock options			4,829				3,476
State tax credit			554				15
Net operating losses			58,536				45,309
Research and development credit			3,497				3,169
Deferred rent			671				1,045
Deferred revenue			1,175				1,694
Total deferred tax asset			72,444				57,843
Less valuation allowance			(52,734	)			(37,902	)
Net deferred tax assets			19,710				19,941
Deferred tax liability:
Amortization of intangible assets			(15,190	)			(16,756	)
Depreciation			(4,517	)			(3,152	)
Total deferred tax liability			(19,707	)			(19,908	)
Total net deferred tax assets		$	3			$	33

Aggregate Changes in Balance of Unrecognized Tax Benefits

The aggregate changes in the balance of unrecognized tax benefits were as follows (in thousands):

		Year Ended April 30,
		2014				2013				2012
Unrecognized tax benefits as of May 1,		$	1,729			$	539			$	369
Tax positions taken in prior periods:
Gross increases			—				862				9
Gross decreases			(14	)			—				(68	)
Tax positions taken in current period:
Gross increases			442				330				232
Gross decreases			—				—				—
Lapse of statute of limitations			—				(2	)			(3	)
Balance as of April 30,		$	2,157			$	1,729			$	539

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

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-SubTopic 10

-Section 50

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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