Discontinued Operations (Tables)

12 Months Ended

Apr. 30, 2014

Summary of Discontinued Operations

Summarized results from discontinued operations were as follows (in thousands):

	Year Ended April 30,
	2014			2013			2012
Revenues from discontinued operations	$	17,011		$	13,484		$	—
Loss from discontinued operations before income taxes	$	(1,106	)	$	(16,224	)	$	—
Income tax expense		22			25			—
Net loss from discontinued operations		(1,128	)		(16,249	)		—
Estimated loss on disposal of discontinued operations, net of tax		(9,192	)		—			—
Net loss from discontinued operations, net of tax	$	(10,320	)	$	(16,249	)	$	—

The carrying amounts of the major classes of assets and liabilities of discontinued operations were as follows (in thousands):

	April 30,
	2014		2013
ASSETS:
Accounts receivable, net	$	1,036	$	1,679
Prepaid expenses and other current assets		49		69
Total current assets		1,085		1,748
Property and equipment, net		37		132
Goodwill		9,002		9,002
Acquired intangible assets, net		32,813		41,173
Total assets	$	42,937	$	52,055
LIABILITIES:
Accounts payable	$	221	$	275
Accrued expenses and other current liabilities		895		2,431
Deferred revenue		2,505		3,944
Total Liabilities	$	3,621	$	6,650

Calculation of Estimated Loss on Disposal of Discontinued Operations

The Company recorded an estimated loss on the disposal of discontinued operations of $9.2 million, net of tax, in fiscal year 2014 which was calculated as follows (in thousands):

Estimated cash proceeds	$	30,500
Less:
Basis in net assets sold as of April 30, 2014		39,316
Estimated costs incurred directly attributable to the transaction		658
Estimated loss before income taxes		(9,474	)
Estimated income tax benefit		(282	)
Estimated loss on disposal of discontinued operations, net of taxes	$	(9,192	)

Carrying Amount of Assets Held for Sale in the Consolidated Balance Sheets

The carrying amount of assets held for sale in the consolidated balances sheet were calculated as follows (in thousands):

	April 30,
	2014			2013
Total assets of discontinued operations	$	42,937		$	52,055
Estimated loss on disposal of discontinued operations, net of tax		(9,192	)		—
Assets held for sale	$	33,745		$	52,055