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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2019
Apr. 30, 2019
Current assets:    
Cash and cash equivalents $ 62,722 $ 61,288
Investments 23,591 24,710
Trade accounts receivable, less allowance for doubtful accounts of $110 at July 31, 2019 and $153 at April 30, 2019:    
Billed 17,471 18,819
Unbilled 3,030 1,475
Prepaid expenses and other current assets 5,772 6,210
Total current assets 112,586 112,502
Investments—noncurrent 1,679 2,484
Property and equipment, net of accumulated depreciation of $29,487 at July 31, 2019 and $29,327 at April 30, 2019 3,534 3,585
Capitalized software, net of accumulated amortization of $30,227 at July 31, 2019 and $28,740 at April 30, 2019 10,862 11,063
Goodwill 25,888 25,888
Other intangibles, net of accumulated amortization of $11,242 at July 31, 2019 and $10,643 at April 30, 2019 2,134 2,732
Lease right of use assets 2,587  
Deferred sales commissions—noncurrent 2,009 1,546
Other assets 1,655 1,510
Total assets 162,934 161,310
Current liabilities:    
Accounts payable 1,173 2,448
Accrued compensation and related costs 3,364 2,561
Accrual of dividends payable 3,451  
Dividends payable   3,434
Operating lease obligations 769  
Other current liabilities 1,868 1,375
Deferred revenue 32,704 33,283
Total current liabilities 43,329 43,101
Deferred income taxes 3,357 3,514
Long-term operating lease obligations 1,957  
Other long-term liabilities 88 88
Total liabilities 48,731 46,703
Shareholders’ equity:    
Additional paid-in capital 140,195 138,315
Retained (deficit) earnings (4,028) (1,729)
Class A treasury stock, 4,588,632 shares at July 31, 2019 and April 30, 2019, at cost (25,559) (25,559)
Total shareholders’ equity 114,203 114,607
Commitments and contingencies
Total liabilities and shareholders’ equity 162,934 161,310
Class A Common Shares    
Shareholders’ equity:    
Common stock value 3,413 3,398
Class B Common Shares    
Shareholders’ equity:    
Common stock value $ 182 $ 182