Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2015

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,
	2015		2014		2013
	(in thousands)
Total capitalized computer software development costs	$	2,747	$	2,949	$	3,418
Total research and development expense		11,088		9,074		8,882
Total research and development expense and capitalized computer software-development costs	$	13,835	$	12,023	$	12,300
Total amortization of capitalized computer software development costs	$	3,663	$	925	$	2,501

Capitalized Computer Software Development Costs

Capitalized computer software development costs consist of the following at April 30, 2015 and 2014 (in thousands):

	2015			2014
Capitalized computer software development costs	$	22,067		$	19,321
Accumulated amortization		(12,252	)		(8,589	)
	$	9,815		$	10,732

Acquisition-Related Intangible Assets

Acquisition-Related Intangible Assets consist of the following at April 30, 2015 and 2014 (in thousands):

	2015			2014
Current technology	$	3,342		$	1,842
Customer relationships		2,190			790
Non-Compete		290			—
Trademarks		76			76
		5,898			2,708
Accumulated amortization		(3,150	)		(2,180	)
	$	2,748		$	528

Goodwill

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

	Enterprise Resource Planning*		Supply Chain Management**		IT Consulting		Total
Balance at April 30, 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 the MID Retail, Inc. Acquisition		—		4,930		—		4,930
Balance at April 30, 2015	$	1,812	$	16,937	$	—	$	18,749

* Goodwill related to New Generation Computing, Inc.

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

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, 2013	$	—	$	687		$	—	$	687
Intangibles related to the Taylor Manufacturing Systems, USA, LLC Acquisition		—		472			—		472
Amortization expense		—		(625	)		—		(625	)
Balance at April 30, 2014		—		534			—		534
Intangibles related to the MID Retail, Inc. Acquisition		—		3,190			—		3,190
Amortization expense		—		(976	)		—		(976	)
Balance at April 30, 2015	$	—	$	2,748		$	—	$	2,748

Basic Earnings Per Common Share

Basic earnings per common share:

	Year Ended April 30, 2015						Year Ended April 30, 2014				Year Ended April 30, 2013
	Class A			Class B			Class A		Class B		Class A			Class B
Distributed earnings	$	0.40		$	0.40		$	0.30	$	0.30	$	0.48		$	0.48
Undistributed earnings/(loss)		(0.11	)		(0.11	)		0.07		0.07		(0.10	)		(0.10	)
Total	$	0.29		$	0.29		$	0.37	$	0.37	$	0.38		$	0.38
Distributed earnings	$	10,301		$	1,035		$	7,584	$	776	$	11,796		$	1,242
Undistributed earnings/(loss)		(2,914	)		(294	)		1,786		185		(2,377	)		(250	)
Total	$	7,387		$	741		$	9,370	$	961	$	9,419		$	992
Basic weighted average common shares		25,696			2,587			25,049		2,587		24,586			2,587

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, 2015

	Undistributed and distributed earnings to Class A Common		Class A Common Shares		EPS*
Per basic	$	7,387		25,696	$	0.29
Common stock equivalents		—		331
		7,387		26,027		0.28
Class B conversion		741		2,587
Diluted EPS for Class A	$	8,128		28,614	$	0.28

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

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, 2015

	Undistributed and distributed earnings to Class B Common		Class B Common Shares		EPS*
Per basic	$	741		2,587	$	0.29
Reallocation of undistributed earnings from Class A shares to Class B shares		4		—
Diluted EPS for Class B	$	745		2,587	$	0.29

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

* 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 three years to be as follows (in thousands):

2016	$	3,893
2017		3,593
2018		229
	$	7,715

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, 2015 (in thousands):

2016	$	890
2017		890
2018		254
2019		175
2020		175
Thereafter		364
	$	2,748

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):

	2015			2014
Distribution Channel	$	75		$	75
Customer Relationships		477			477
Trademarks		155			155
		707			707
Accumulated amortization		(707	)		(701	)
	$	—		$	6