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Fee Revenue (Tables)
3 Months Ended
Jul. 31, 2020
Revenue From Contract With Customer [Abstract]  
Schedule of Contract Asset and Liability

The following table outlines the Company’s contract asset and liability balances as of July 31, 2020 and April 30, 2020:

 

 

 

July 31, 2020

 

 

April 30, 2020

 

 

 

(in thousands)

 

Contract assets-unbilled receivables

 

$

75,677

 

 

$

65,370

 

Contract liabilities-deferred revenue

 

$

130,960

 

 

$

133,128

 

Schedule of Disaggregation of Fee Revenue by Industry

The following table provides further disaggregation of fee revenue by industry:

 

 

 

Three Months Ended July 31,

 

 

 

2020

 

 

2019

 

 

 

Dollars

 

 

%

 

 

Dollars

 

 

%

 

 

 

(dollars in thousands)

 

Industrial

 

$

95,311

 

 

 

27.7

%

 

$

138,312

 

 

 

28.5

%

Financial Services

 

 

65,727

 

 

 

19.1

 

 

 

86,212

 

 

 

17.8

 

Life Sciences/Healthcare

 

 

65,450

 

 

 

19.0

 

 

 

82,265

 

 

 

17.0

 

Consumer Goods

 

 

44,778

 

 

 

13.0

 

 

 

71,698

 

 

 

14.8

 

Technology

 

 

49,324

 

 

 

14.4

 

 

 

70,803

 

 

 

14.6

 

Education/Non-Profit/General

 

 

23,507

 

 

 

6.8

 

 

 

35,259

 

 

 

7.3

 

Fee Revenue

 

$

344,097

 

 

 

100.0

%

 

$

484,549

 

 

 

100.0

%