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Accrued Expenses and Other Current Liabilities
12 Months Ended
Apr. 30, 2015
Text Block [Abstract]  
Accrued Expenses and Other Current Liabilities

9. Accrued Expenses and Other Current Liabilities

Accrued liabilities, including other liabilities, consisted of the following (in thousands):

 

     April 30,  
     2015      2014  

Accrued compensation

   $ 10,675       $ 11,834   

Accrued taxes

     3,629         4,808   

Accrued revenue share

     4,940         3,050   

Accrued other liabilities

     8,153         7,379   
  

 

 

    

 

 

 

Total accrued expenses and other current liabilities

$ 27,397    $ 27,071   
  

 

 

    

 

 

 

In October 2009, the Company signed a lease agreement, which expires on December 31, 2015, in Austin, Texas to expand its corporate headquarters. In conjunction with the lease signing, the Company received $2.9 million of leasehold improvement incentives. In February 2012, the Company signed a lease for additional space at its current corporate headquarters and received $0.6 million of additional leasehold improvement incentives. The Company has also signed leases for office premises at various other locations and has received rent-free periods as lease incentives. These were recorded as a liability and are being amortized over the term of the lease as a reduction to rent expense. As of April 30, 2015, $0.8 million of the lease incentive liability was included within accrued rent and $0.3 million of lease incentive liability was included in other liabilities, long-term. As of April 30, 2014, $1.2 million of the lease incentive liability was included within accrued rent and $1.2 million of lease incentive liability was included in other liabilities, long-term.

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 was 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 30th thereafter. As of April 30, 2015, the Company has not recorded any leasehold improvement incentives related to the Lease.