Basis of Presentation, Business and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jul. 31, 2016

Basis of Presentation, Business and Summary of Significant Accounting Policies

Schedule of effect of revision on Condensed Consolidated Statement of Operations and Cash Flows

The effect of this revision on the line items within the Company’s Condensed Consolidated Statement of Operations for the three months ended July 31, 2015 was as follows:

	Three Months Ended
	July 31, 2015
	As previously
	reported		Adjustment		As revised
Provision for income taxes	$	3,080	$	(225)	$	2,855
Net income	$	2,786	$	225	$	3,011
Net income per share:
Basic	$	0.09	$	—	$	0.09
Diluted	$	0.08	$	0.01	$	0.09

The effect of this revision on the line items within the Company’s Condensed Consolidated Statement of Cash Flows for the three months ended July 31, 2015 was as follows:

	Three Months Ended
	July 31, 2015
	As previously
	reported		Adjustment		As revised
Net income	$	2,786	$	225	$	3,011
Adjustments to reconcile net income to net cash used in operating activities:
Deferred income tax expense		(3,866)		(225)		(4,091)
Cash used in operating activities	$	(18,411)	$	—	$	(18,411)