Discontinued Operations (Tables)

12 Months Ended

Apr. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Results from Discontinued Operations

Results from discontinued operations were as follows (in thousands):

	Year Ended April 30,
	2016		2015			2014
Revenues from discontinued operations	$	—	$	2,535		$	17,011
Income from discontinued operations before income taxes	$	—	$	303		$	(1,106	)
Income tax expense	—		23			22
Net income from discontinued operations	—		280			(1,128		)
Loss on disposal of discontinued operations, net of tax	—		(1,537		)	(9,192		)
Loss from discontinued operations, net of tax	$	—	$	(1,257	)	$	(10,320	)

Calculation of Loss on Disposal of Discontinued Operations

The Company recorded a loss on the disposal of discontinued operations of $1.5 million, net of tax, in the fiscal year ended April 30, 2015 which was calculated as follows (in thousands):

Cash consideration	$	30,000
Less:
Basis in net assets as of July 2, 2014	39,972
Costs incurred directly attributable to the transaction	1,039
Loss before income taxes	(11,011		)
Income tax benefit	(282		)
Loss on disposal of discontinued operations, net of taxes	(10,729		)
Loss on disposal of discontinued operations, net of taxes, previously recognized	9,192
Loss on disposal of discontinued operations, net of tax, recognized in fiscal 2015	$	(1,537	)

The Company recorded a 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	)

Disclosure of Long Lived Assets Held-for-sale

The carrying amount of assets held for sale in the consolidated balances sheet as of April 30, 2014 was calculated as follows (in thousands):

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