Discontinued Operations (Tables)

12 Months Ended

Apr. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Results from Discontinued Operations

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

	Year Ended April 30,
	2017		2016		2015
Revenues from discontinued operations	$	—	$	—	$	2,535
Income from discontinued operations before income taxes	$	—	$	—	$	303
Income tax expense	—		—		23
Net income from discontinued operations	—		—		280
Loss on disposal of discontinued operations, net of tax	—		—		(1,537		)
Loss from discontinued operations, net of tax	$	—	$	—	$	(1,257	)

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	)