Subsequent Events	6 Months Ended
Oct. 31, 2014
Subsequent Events	12. Subsequent Events On November 13, 2014, the Company entered into a lease (the “Lease”), pursuant to which the Company will lease approximately 137,615 square feet of office space in Austin, Texas. This will serve as the new headquarters of the Company and will be used for general office purposes. The term of the Lease commences on January 1, 2016 unless otherwise modified (“Commencement Date”) and terminates approximately ten years and six months after the Commencement Date. The Company has the option to extend the term of the Lease for up to two successive periods of five years each and the Company is required to obtain a stand by letter of credit of $8.0 million as a security deposit for the Lease. The expected lease payments for the original term are estimated to be approximately $0.3 million for fiscal year ended April 30, 2016, $3.8 million for fiscal year ended April 30, 2017, $3.8 million for fiscal year ended April 30, 2018, $3.9 million for fiscal year ended April 30, 2019, $4.0 million for the fiscal year ended April 30, 2020 and $25.9 million for the fiscal years ended April 30^th thereafter. On November 21, 2014, the Company entered into a $70.0 million secured revolving credit facility (the “Credit Facility”), with a sublimit of $3.0 million for the incurrence of swingline loans and a sublimit of $15.0 million for the issuance of letters of credit pursuant to an Amended and Restated Credit Agreement between the Company, the lenders party thereto and Comerica Bank, as administrative agent, sole lead arranger and sole bookrunner (the “Credit Agreement”). The Credit Agreement amended and restated the Company’s prior $30.0 million secured revolving credit facility pursuant to a loan and security agreement dated July 18, 2007 and subsequent amendments thereto (the “Loan Agreement”). Borrowings under the Credit Agreement are collateralized by substantially all assets of the Company and of its U.S. subsidiaries. The Credit Agreement contains certain financial covenants. The revolving line of credit bears interest at the adjusted LIBOR rate plus 3.5%. The Credit Agreement will provide funds for general corporate purposes and working capital. Amounts repaid under the Credit Facility may be reborrowed. The Credit Facility matures on November 21, 2017 and is payable in full upon maturity. On November 21, 2014, the Company drew down $57.0 million of the unused balance of the Credit Agreement, of which, $27.0 million was used to repay the entire outstanding balance on the Loan Agreement (See Note 9). On December 4, 2014, the Company drew down $8.0 million in the form of a letter of credit under the Credit Facility as a security deposit for the Lease, resulting in an unused balance of the Credit Facility of $3.1 million. On November 24, 2014, the court signed a Final Judgment approving of the notice to shareholders, approving of the proposed settlement and payments to plaintiff and plaintiff’s counsel, and dismissing all claims arising out of, relating to, or concerning the PowerReviews acquisition or divestiture, any reports, disclosures, or statements made by the current or former directors or officers of Bazaarvoice, Inc. in relation to the PowerReviews acquisition or divestiture, or any matter that could have been asserted in the lawsuit or any other action or proceeding regarding allegations of breach of fiduciary duty or allegations relating to or arising out of any act, statement, omission, transaction, event, or circumstance in relation to the PowerReviews acquisition or divestiture. The Company does not expect the settlement to have a material impact on the Company’s condensed consolidated financial statements. On December 1, 2014, the DOJ agreed to modifications to the Proposed Final Judgment related to their investigation of whether the Company retained any PowerReviews technology in violation of the Joint Stipulation and Order. The matter has been resolved by an agreement between the Company and the DOJ proposing additional terms to the Proposed Final Judgment relating to the appointment of an antitrust compliance officer. These agreed modifications to the Proposed Final Judgment were filed with the Court on December 1, 2014 and the Final Judgment was entered by the Court on December 2, 2014.

12. Subsequent Events

On November 13, 2014, the Company entered into a lease (the “Lease”), pursuant to which the Company will lease approximately 137,615 square feet of office space in Austin, Texas. This will serve as the new headquarters of the Company and will be used for general office purposes. The term of the Lease commences on January 1, 2016 unless otherwise modified (“Commencement Date”) and terminates approximately ten years and six months after the Commencement Date. The Company has the option to extend the term of the Lease for up to two successive periods of five years each and the Company is required to obtain a stand by letter of credit of $8.0 million as a security deposit for the Lease. The expected lease payments for the original term are estimated to be approximately $0.3 million for fiscal year ended April 30, 2016, $3.8 million for fiscal year ended April 30, 2017, $3.8 million for fiscal year ended April 30, 2018, $3.9 million for fiscal year ended April 30, 2019, $4.0 million for the fiscal year ended April 30, 2020 and $25.9 million for the fiscal years ended April 30^th thereafter.

On November 21, 2014, the Company entered into a $70.0 million secured revolving credit facility (the “Credit Facility”), with a sublimit of $3.0 million for the incurrence of swingline loans and a sublimit of $15.0 million for the issuance of letters of credit pursuant to an Amended and Restated Credit Agreement between the Company, the lenders party thereto and Comerica Bank, as administrative agent, sole lead arranger and sole bookrunner (the “Credit Agreement”). The Credit Agreement amended and restated the Company’s prior $30.0 million secured revolving credit facility pursuant to a loan and security agreement dated July 18, 2007 and subsequent amendments thereto (the “Loan Agreement”). Borrowings under the Credit Agreement are collateralized by substantially all assets of the Company and of its U.S. subsidiaries. The Credit Agreement contains certain financial covenants. The revolving line of credit bears interest at the adjusted LIBOR rate plus 3.5%. The Credit Agreement will provide funds for general corporate purposes and working capital. Amounts repaid under the Credit Facility may be reborrowed. The Credit Facility matures on November 21, 2017 and is payable in full upon maturity. On November 21, 2014, the Company drew down $57.0 million of the unused balance of the Credit Agreement, of which, $27.0 million was used to repay the entire outstanding balance on the Loan Agreement (See Note 9). On December 4, 2014, the Company drew down $8.0 million in the form of a letter of credit under the Credit Facility as a security deposit for the Lease, resulting in an unused balance of the Credit Facility of $3.1 million.

On November 24, 2014, the court signed a Final Judgment approving of the notice to shareholders, approving of the proposed settlement and payments to plaintiff and plaintiff’s counsel, and dismissing all claims arising out of, relating to, or concerning the PowerReviews acquisition or divestiture, any reports, disclosures, or statements made by the current or former directors or officers of Bazaarvoice, Inc. in relation to the PowerReviews acquisition or divestiture, or any matter that could have been asserted in the lawsuit or any other action or proceeding regarding allegations of breach of fiduciary duty or allegations relating to or arising out of any act, statement, omission, transaction, event, or circumstance in relation to the PowerReviews acquisition or divestiture. The Company does not expect the settlement to have a material impact on the Company’s condensed consolidated financial statements.

On December 1, 2014, the DOJ agreed to modifications to the Proposed Final Judgment related to their investigation of whether the Company retained any PowerReviews technology in violation of the Joint Stipulation and Order. The matter has been resolved by an agreement between the Company and the DOJ proposing additional terms to the Proposed Final Judgment relating to the appointment of an antitrust compliance officer. These agreed modifications to the Proposed Final Judgment were filed with the Court on December 1, 2014 and the Final Judgment was entered by the Court on December 2, 2014.