Income Taxes (Tables)

12 Months Ended

Apr. 30, 2016

Provision (Benefit) For Domestic And Foreign Income Taxes

The provision (benefit) for domestic and foreign income taxes was as follows:

	Year Ended April 30,
	2016			2015			2014
	(in thousands)
Current income taxes:
Federal	$	13,087		$	16,569		$	6,982
State		3,271			2,412			1,939
Foreign		16,394			13,650			15,502
Current provision for income taxes		32,752			32,631			24,423
Deferred income taxes:
Federal		(5,334	)		3,140			5,094
State		(1,838	)		(239	)		177
Foreign		(6,620	)		(2,006	)		(1,202	)
Deferred (benefit) provision for income taxes		(13,792	)		895			4,069
Total provision for income taxes	$	18,960		$	33,526		$	28,492

Domestic And Foreign Components Of Income (Loss) From Continuing Operations Before Domestic And Foreign Income And Other Taxes And Equity In Earnings

The domestic and foreign components of income from continuing operations before domestic and foreign income and other taxes and equity in earnings of unconsolidated subsidiaries were as follows:

	Year Ended April 30,
	2016		2015		2014
	(in thousands)
Domestic	$	22,228	$	65,885	$	42,411
Foreign		26,534		53,817		56,603
Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries	$	48,762	$	119,702	$	99,014

Reconciliation Of Statutory Federal Income Tax Rate To Effective Consolidated Tax Rate

The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows:

	Year Ended April 30,
	2016			2015			2014
U.S. federal statutory income tax rate		35.0	%		35.0	%		35.0	%
Non-deductible transaction costs		5.8			—			—
Foreign tax rates differential		(2.8	)		(4.2	)		(4.7	)
COLI increase, net		(2.9	)		(3.1	)		(2.9	)
Conclusion of U.S. federal tax audit		(4.4	)		—			(2.7	)
Non-deductible operating expenses		1.5			0.5			0.6
Devaluation of Venezuelan currency		7.4			—			—
Change in valuation allowance		(6.2	)		—			(1.4	)
Change in uncertain tax positions		1.3			(0.1	)		1.1
Foreign source income, net of credits generated		0.5			0.4			2.0
Other		3.7			(0.5	)		1.8
Effective income tax rate		38.9	%		28.0	%		28.8	%

Components Of Deferred Tax Assets And Liabilities

Components of deferred tax assets and liabilities are as follows:

	April 30,
	2016			2015
	(in thousands)
Deferred tax assets:
Deferred compensation	$	91,712		$	73,934
Loss and credit carryforwards		31,023			26,211
Reserves and accruals		14,189			9,344
Deferred rent		7,684			6,432
Deferred revenue		11,464			1,545
Allowance for doubtful accounts		1,431			1,831
Other		5,002			2,609
Gross deferred tax assets		162,505			121,906
Deferred tax liabilities:
Intangibles		(94,284	)		(20,828	)
Property and equipment		(10,603	)		(6,289	)
Prepaid expenses		(12,698	)		(7,687	)
Other		(815	)		(5,653	)
Gross deferred tax liabilities		(118,400	)		(40,457	)
Valuation allowances		(22,030	)		(21,608	)
Net deferred tax asset	$	22,075		$	59,841

Deferred Tax Amounts

The deferred tax amounts have been classified in the consolidated balance sheets as follows:

	April 30,
	2016			2015
	(in thousands)
Non-current deferred tax assets	$	162,505		$	121,906
Non-current deferred tax liabilities		(118,400	)		(40,457	)
Valuation allowance		(22,030	)		(21,608	)
Net non-current deferred tax assets	$	22,075		$	59,841

Changes In Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the unrecognized tax benefits is as follows:

	Year Ended April 30,
	2016			2015			2014
	(in thousands)
Unrecognized tax benefits, beginning of year	$	2,423		$	2,701		$	3,400
Settlement with tax authority		(1,963	)		(497	)		(1,946	)
Additions based on tax positions related to the current year		1,305			219			279
Additions based on tax positions related to prior years		330			—			968
Unrecognized tax benefits, end of year	$	2,095		$	2,423		$	2,701