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Goodwill
9 Months Ended
Jan. 31, 2014
Goodwill

5. Goodwill

As of January 31, 2014 and April 30, 2013, the Company had goodwill in the amount of $141.8 million. The Company assesses goodwill for impairment annually in the fourth fiscal quarter, or more frequently if other indicators of potential impairment arise.

As a result of the ruling issued by the U.S. District Court for the Northern District of California, San Francisco Division, on January 8, 2014 providing that the acquisition of PowerReviews violated Section 7 of the Clayton Act, 15 U.S.C. Section 18, and a potential court ordered divestiture (See Note 10), the Company evaluated the recoverability of its goodwill as of January 31, 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 January 31, 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 January 31, 2014.