Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2018

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,
	2018		2017		2016
	(in thousands)
Total capitalized computer software development costs	$	4,804	$	3,724	$	3,246
Total research and development expense		11,877		11,889		11,248
Total research and development expense and capitalized computer software-development costs	$	16,681	$	15,613	$	14,494
Total amortization of capitalized computer software development costs	$	3,690	$	4,250	$	3,921

Capitalized Computer Software Development Costs

Capitalized computer software development costs consist of the following at April 30, 2018 and 2017 (in thousands):

	2018			2017
Capitalized computer software development costs	$	33,841		$	29,037
Accumulated amortization		(24,113	)		(20,423	)
	$	9,728		$	8,614

Acquisition-Related Intangible Assets

Acquisition-Related Intangible Assets consist of the following at April 30, 2018 and 2017 (in thousands):

	Weighted Average Amortization in Years		2018			2017
Current technology		3	$	6,000		$	4,872
Customer relationships		8		1,700			1,400
Non-compete		3		100			390
Trademarks		3		340			200
				8,140			6,862
Accumulated amortization				(3,020	)		(3,463	)
			$	5,120		$	3,399

Goodwill

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

	Supply Chain Management*		IT Consulting		Other		Total
Balance at April 30, 2016	$	18,749	$	—	$	—	$	18,749
Goodwill related to the AdapChain Acquisition		800		—		—		800
Balance at April 30, 2017		19,549		—		—		19,549
Goodwill related to the Halo Acquisition		6,339		—		—		6,339
Balance at April 30, 2018	$	25,888	$	—	$	—	$	25,888

* Goodwill related to Logility, Inc., New Generation Computing, 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):

	Supply Chain Management			IT Consulting		Other		Total
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
Intangibles related to the Halo Acquisition		3,570			—		—		3,570
Amortization expense		(1,849	)		—		—		(1,849	)
Balance at April 30, 2018	$	5,120		$	—	$	—	$	5,120

Basic Earnings per Common Share

Basic earnings per common share:

	Year Ended April 30, 2018						Year Ended April 30, 2017				Year Ended April 30, 2016
	Class A			Class B			Class A		Class B		Class A			Class B
Distributed earnings per share	$	0.44		$	0.43		$	0.44	$	0.44	$	0.40		$	0.40
Undistributed earnings/(loss) per share		(0.04	)		(0.04	)		0.06		0.06		(0.04	)		(0.04	)
Total per share	$	0.40		$	0.39		$	0.50	$	0.50	$	0.36		$	0.36
Distributed earnings	$	12,321		$	974		$	11,845	$	1,066	$	10,479		$	1,025
Undistributed earnings/(loss)		(1,151	)		(91	)		1,568		142		(1,148	)		(114	)
Total	$	11,170		$	883		$	13,413	$	1,208	$	9,331		$	911
Basic weighted average common shares		27,805			2,275			26,793		2,439		26,143			2,584

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, 2018

	Undistributed and distributed earnings to Class A  Common		Class A Common Shares		EPS*
Per basic	$	11,170		27,805	$	0.40
Common stock equivalents		—		392
		11,170		28,197		0.40
Class B conversion		883		2,275
Diluted EPS for Class A	$	12,053		30,472	$	0.40

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

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, 2018

	Undistributed and distributed earnings to Class B Common		Class B Common Shares		EPS*
Per basic	$	883		2,275	$	0.39
Reallocation of undistributed earnings from Class A shares to Class B shares		—		—
Diluted EPS for Class B	$	883		2,275	$	0.39

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

* 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, 2018 (in thousands):

2019	$	2,388
2020		1,600
2021		772
2022		213
2023		52
Thereafter		95
	$	5,120

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):

2019	$	3,820
2020		3,125
2021		469
	$	7,414