XML 24 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes
3 Months Ended
Jul. 31, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The Company computes its interim provision for income taxes by applying the estimated annual effective tax rate to income from operations and adjusts the provision for discrete tax items occurring in the period. For all periods presented, the Company was in a domestic net operating loss position, as such all income tax expenses incurred during the periods presented relate to foreign and state jurisdictions. The Company’s effective tax rate for the three months ended July 31, 2017 was an expense of 5.7 percent compared to an expense of 2.7 percent for the three months ended July 31, 2016. The tax expense for the three months ended July 31, 2017 was primarily attributable to estimated foreign and state income tax expense with a partial offset from the income tax benefit from research and development credits provided by the State of Texas. The tax expense for the three months ended July 31, 2016 was primarily attributable to estimated foreign and state income tax expense.