Income Taxes (Tables)

12 Months Ended

Apr. 30, 2011

Income Taxes

Schedule of Components of Income from Continuing Operations

(in 000s)
Year Ended April 30,	2011		2010		2009
Domestic	$	639,914	$	745,912	$	815,614
Foreign		37,111		38,223		23,756
	$	677,025	$	784,135	$	839,370

Schedule of Components of Income Tax Expense (Benefit) for Continuing Operations

						(in 000s)
Year Ended April 30,	2011			2010		2009
Current:
Federal	$	188,086		$	92,992	$	243,085
State		45,068			23,625		38,418
Foreign		21,456			16,052		1,393
		254,610			132,669		282,896
Deferred:
Federal		(799	)		128,900		36,739
State		3,521			33,448		6,582
Foreign		288			172		98
		3,010			162,520		43,419
Total income taxes for continuing operations	$	257,620		$	295,189	$	326,315

Schedule of Reconciliation between Income Tax Provision and Statutory Federal Tax Rate

Year Ended April 30,	2011			2010			2009
U.S. statutory tax rate		35.0	%		35.0	%		35.0	%
Change in tax rate resulting from:
State income taxes, net of federal income tax benefit		4.5	%		3.8	%		4.2	%
Permanent differences		(0.3	)%		(0.5	)%		1.6	%
Uncertain tax positions		1.1	%		0.9	%		0.5	%
Net decrease in valuation allowance		(1.3	)%		(1.0	)%		(1.2	)%
Other		(0.9	)%		(0.6	)%		(1.2	)%
Effective tax rate		38.1	%		37.6	%		38.9	%

Schedule of Significant Components of Deferred Tax Assets and Liabilities of Continuing Operations

(in 000s)
As of April 30,	2011			2010
Gross deferred tax assets:
Accrued expenses	$	61,891		$	17,554
Allowance for credit losses and related reserves		102,587			164,783
Net operating loss carryovers		–			200
Other		–			237
Valuation allowance		(47,300	)		(1,745	)
Current		117,178			181,029
Deferred and stock-based compensation		73,398			71,970
Property and equipment		–			9,071
Deferred revenue		23,166			25,595
Net operating loss carryovers		21,057			26,292
Accrued expenses		32,481			31,892
Capital loss carryover		150,876			144,507
Other		15,953			15,991
Valuation allowance		(94,261	)		(151,838	)
Noncurrent		222,670			173,480
		339,848			354,509
Gross deferred tax liabilities:
Prepaid expenses		(4,734	)		(6,337	)
Current		(4,734	)		(6,337	)
Property and equipment		(10,731	)		–
Basis difference in mortgage-related investment		(49,751	)		(81,118	)
Intangibles		(139,963	)		(124,918	)
Noncurrent		(200,445	)		(206,036	)
Net deferred tax assets	$	134,669		$	142,136

Schedule of Reconciliation of Unrecognized Tax Benefits

(in 000s)
Year Ended April 30,	2011			2010			2009
Balance, beginning of the year	$	129,767		$	124,605		$	137,608
Additions based on tax positions related to prior years		28,262			12,957			14,541
Reductions based on tax positions related to prior years		(1,473	)		(2,427	)		(6,096	)
Additions based on tax positions related to the current year		3,417			3,314			4,110
Reductions related to settlements with tax authorities		(7,639	)		(8,545	)		(18,189	)
Expiration of statute of limitations		(315	)		(1,061	)		(5,007	)
Foreign currency translation		1,057			924			(2,362	)
Other		1,772			–			–
Balance, end of the year	$	154,848		$	129,767		$	124,605