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

9 Months Ended

Jan. 31, 2017

Basis of Presentation, Business and Summary of Significant Accounting Policies

Schedule of effect of revision on Condensed Consolidated Statements 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 nine months ended January 31, 2016 was as follows:

	Nine Months Ended
	January 31, 2016
	As previously
	reported		Adjustment		As revised
Provision for income taxes	$	5,334	$	(675)	$	4,659
Net income	$	2,949	$	675	$	3,624
Net income per share:
Basic	$	0.09	$	0.02	$	0.11
Diluted	$	0.09	$	0.02	$	0.11

The effect of this revision on the line items within the Company’s Condensed Consolidated Statement of Cash Flows for the nine months ended January 31, 2016 was as follows:

	Nine Months Ended
	January 31, 2016
	As previously
	reported		Adjustment		As revised
Net income	$	2,949	$	675	$	3,624
Adjustments to reconcile net income to net cash used in operating activities:
Deferred income tax expense		(5,982)		(675)		(6,657)
Cash used in operating activities	$	17,902	$	—	$	17,902