Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2014

Total Expenditures and Amortization of Capitalized Computer Software

Total Expenditures and Amortization. Total expenditures for capitalized computer software development costs, total research and development expense, and total amortization of capitalized computer software development costs are as follows:

	Years ended April 30,
	2014		2013		2012
	(in thousands)
Total capitalized computer software development costs	$	2,949	$	3,418	$	2,731
Total research and development expense		9,074		8,882		8,226
Total research and development expense and capitalized computer software-development costs	$	12,023	$	12,300	$	10,957
Total amortization of capitalized computer software development costs	$	925	$	2,501	$	2,502

Capitalized Computer Software Development Costs

Capitalized computer software development costs consist of the following at April 30, 2014 and 2013 (in thousands):

	2014			2013
Capitalized computer software development costs	$	19,321		$	16,372
Accumulated amortization		(8,589	)		(7,664	)
	$	10,732		$	8,708

Acquisition-Related Intangible Assets

Acquisition-Related Intangible Assets consist of the following at April 30, 2014 and 2013 (in thousands):

	2014			2013
Current technology	$	1,842		$	1,370
Customer relationships		790			790
Trademarks		76			76
		2,708			2,236
Accumulated amortization		(2,180	)		(1,619	)
	$	528		$	617

Goodwill

Goodwill consisted of the following by segment (in thousands):

	Enterprise Resource Planning*		Supply Chain Management**		IT Consulting		Total
Balance at April 30, 2012 and 2013	$	1,812	$	10,789	$	—	$	12,601
Goodwill related to the Taylor Manufacturing Systems, USA, LLC Acquisition		—		1,218		—		1,218
Balance at April 30, 2014	$	1,812	$	12,007	$	—	$	13,819

* Goodwill related to New Generation Computing, Inc.

** Goodwill related to Logility, Inc. and Demand Management, Inc.

Intangible Assets (Including Acquisition-Related Intangible Assets)

Intangible Assets (including Acquisition-Related Intangible Assets) consisted of the following by segment (in thousands):

	Enterprise Resource Planning		Supply Chain Management			IT Consulting		Total
Balance at April 30, 2012	$	—	$	1,263		$	—	$	1,263
Amortization expense		—		(576	)		—		(576	)
Balance at April 30, 2013		—		687			—		687
Intangibles related to the Taylor Manufacturing Systems, USA, LLC Acquisition		—		472			—		472
Amortization expense		—		(625	)		—		(625	)
00
Balance at April 30, 2014	$	—	$	534		$	—	$	534

Basic Earnings Per Common Share

Basic earnings per common share:

	Year Ended April 30, 2014				Year Ended April 30, 2013						Year Ended April 30, 2012
	Class A		Class B		Class A			Class B			Class A		Class B
Distributed earnings	$	0.30	$	0.30	$	0.48		$	0.48		$	0.36	$	0.36
Undistributed earnings/(loss)		0.07		0.07		(0.10	)		(0.10	)		0.07		0.07
Total	$	0.37	$	0.37	$	0.38		$	0.38		$	0.43	$	0.43
Distributed earnings	$	7,584	$	776	$	11,796		$	1,242		$	8,642	$	931
Undistributed earnings/(loss)		1,786		185		(2,377	)		(250	)		1,595		175
Total	$	9,370	$	961	$	9,419		$	992		$	10,237	$	1,106
Basic weighted average common shares		25,049		2,587		24,586			2,587			23,840		2,615

Diluted Earnings Per Share for Class A Common Shares Using If-Converted Method

Diluted EPS for Class A common shares using the If-Converted Method

Year Ended April 30, 2014

	Undistributed and distributed earnings to Class A Common		Class A Common Shares		EPS*
Per basic	$	9,370		25,049	$	0.37
Common stock equivalents		—		475
		9,370		25,524		0.37
Class B conversion		961		2,587
Diluted EPS for Class A	$	10,331		28,111	$	0.37

Year Ended April 30, 2013

	Undistributed and distributed earnings to Class A Common		Class A Common Shares		EPS*
Per basic	$	9,419		24,586	$	0.38
Common stock equivalents		—		456
		9,419		25,042		0.38
Class B conversion		992		2,587
Diluted EPS for Class A	$	10,411		27,629	$	0.38

Year Ended April 30, 2012

	Undistributed and distributed earnings to Class A Common		Class A Common Shares		EPS*
Per basic	$	10,237		23,840	$	0.43
Common stock equivalents		—		643
		10,237		24,483		0.42
Class B conversion		1,106		2,615
Diluted EPS for Class A	$	11,343		27,098	$	0.42

Diluted Earnings Per Share for Class B Common Shares Using Two-Class Method

Diluted EPS for Class B common shares using the Two-Class Method

Year Ended April 30, 2014

	Undistributed and distributed earnings to Class B Common			Class B Common Shares		EPS*
Per basic	$	961			2,587	$	0.37
Reallocation of undistributed earnings from Class A shares to Class B shares		(3	)		—
Diluted EPS for Class B	$	958			2,587	$	0.37

Year Ended April 30, 2013

	Undistributed and distributed earnings to Class B Common		Class B Common Shares		EPS*
Per basic	$	992		2,587	$	0.38
Reallocation of undistributed earnings from Class A shares to Class B shares		4		—
Diluted EPS for Class B	$	996		2,587	$	0.38

Year Ended April 30, 2012

	Undistributed and distributed earnings to Class B Common			Class B Common Shares		EPS*
Per basic	$	1,106			2,615	$	0.43
Reallocation of undistributed earnings from Class A shares to Class B shares		(4	)		—
Diluted EPS for Class B	$	1,102			2,615	$	0.43

* Amounts adjusted for rounding

Capitalized Software

Expected Amortization Expense

Of the Company’s capitalized software projects that are currently completed and being amortized, the Company expects amortization expense for the next five years to be as follows (in thousands):

2015	$	3,588
2016		3,588
2017		3,288
	$	10,464

Acquired Finite Lived Intangible Assets

Expected Amortization Expense

The Company expects amortization expense for the next five years to be as follows based on intangible assets as of April 30, 2014 (in thousands):

2015	$	263
2016		118
2017		118
2018		29
	$	528

Logility Stock

Acquisition-Related Intangible Assets

Intangible assets related to Logility Stock Buy-back Step Acquisition and purchased software consist of the following (in thousands):

	2014			2013
Distribution Channel	$	75		$	75
Customer Relationships		477			477
Trademarks		155			155
		707			707
Accumulated amortization		(701	)		(637	)
	$	6		$	70