Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2017

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,
	2017		2016		2015
	(in thousands)
Total capitalized computer software development costs	$	3,724	$	3,246	$	2,747
Total research and development expense		11,889		11,248		11,088
Total research and development expense and capitalized computer software-development costs	$	15,613	$	14,494	$	13,835
Total amortization of capitalized computer software development costs	$	4,250	$	3,921	$	3,663

Capitalized Computer Software Development Costs

Capitalized computer software development costs consist of the following at April 30, 2017 and 2016 (in thousands):

	2017			2016
Capitalized computer software development costs	$	29,037		$	25,313
Accumulated amortization		(20,423	)		(16,173	)
	$	8,614		$	9,140

Acquisition-Related Intangible Assets

Acquisition-Related Intangible Assets consist of the following at April 30, 2017 and 2016 (in thousands):

	Weighted Average Amortization in Years		2017			2016
Current technology		3	$	4,872		$	1,972
Customer relationships		8		1,400			1,400
Non-compete		3		390			290
Trademarks		3		200			0
				6,862			3,662
Accumulated amortization				(3,463	)		(1,804	)
			$	3,399		$	1,858

Goodwill

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

	Enterprise Resource Planning*		Supply Chain Management**		IT Consulting		Total
Balance at April 30, 2015	$	1,812	$	16,937	$	—	$	18,749
Balance at April 30, 2016		1,812		16,937		—		18,749
Goodwill related to the AdapChain Acquisition		—		800		—		800
Balance at April 30, 2017	$	1,812	$	17,737	$	—	$	19,549

* 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, 2015	$	—	$	2,748		$	—	$	2,748
Amortization expense		—		(890	)		—		(890	)
Balance at April 30, 2016		—		1,858			—		1,858
Intangibles related to the AdapChain Acquisition		—		3,200			—		3,200
Amortization expense		—		(1,659	)		—		(1,659	)
Balance at April 30, 2017	$	—	$	3,399		$	—	$	3,399

Basic Earnings Per Common Share

Basic earnings per common share:

	Year Ended April 30, 2017				Year Ended April 30, 2016						Year Ended April 30, 2015
	Class A		Class B		Class A			Class B			Class A			Class B
Distributed earnings per share	$	0.44	$	0.44	$	0.40		$	0.40		$	0.40		$	0.40
Undistributed earnings/(loss) per share		0.06		0.06		(0.04	)		(0.04	)		(0.11	)		(0.11	)
Total per share	$	0.50	$	0.50	$	0.36		$	0.36		$	0.29		$	0.29
Distributed earnings	$	11,845	$	1,066	$	10,479		$	1,025		$	10,301		$	1,035
Undistributed earnings/(loss)		1,568		142		(1,148	)		(114	)		(2,914	)		(294	)
Total	$	13,413	$	1,208	$	9,331		$	911		$	7,387		$	741
Basic weighted average common shares		26,793		2,439		26,143			2,584			25,696			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, 2017

	Undistributed and distributed earnings to Class A Common		Class A Common Shares		EPS*
Per basic	$	13,413		26,793	$	0.50
Common stock equivalents		—		335
		13,413		27,128		0.49
Class B conversion		1,208		2,439
Diluted EPS for Class A	$	14,621		29,567	$	0.49

Year Ended April 30, 2016

	Undistributed and distributed earnings to Class A Common		Class A Common Shares		EPS*
Per basic	$	9,331		26,143	$	0.36
Common stock equivalents		—		278
		9,331		26,421		0.35
Class B conversion		911		2,584
Diluted EPS for Class A	$	10,242		29,005	$	0.35

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

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, 2017

	Undistributed and distributed earnings to Class B Common			Class B Common Shares		EPS*
Per basic	$	1,208			2,439	$	0.50
Reallocation of undistributed earnings from Class A shares to Class B shares		(2	)		—
Diluted EPS for Class B	$	1,206			2,439	$	0.49

Year Ended April 30, 2016

	Undistributed and distributed earnings to Class B Common		Class B Common Shares		EPS*
Per basic	$	911		2,584	$	0.35
Reallocation of undistributed earnings from Class A shares to Class B shares		2		—
Diluted EPS for Class B	$	913		2,584	$	0.35

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

* Amounts adjusted for rounding

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, 2017 (in thousands):

2018	$	1,320
2019		1,232
2020		482
2021		175
2022		175
Thereafter		15
	$	3,399

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):

2018	$	3,123
2019		2,864
2020		2,246
	$	8,233