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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2020
Apr. 30, 2020
Current assets:    
Cash and cash equivalents $ 79,766 $ 79,814
Investments 12,727 14,161
Trade accounts receivable, less allowance for doubtful accounts of $259 at July 31, 2020 and $264 at April 30, 2020:    
Billed 24,443 22,582
Unbilled 2,018 2,425
Prepaid expenses and other current assets 6,293 6,684
Total current assets 125,247 125,666
Investments—noncurrent 526 701
Property and equipment, net of accumulated depreciation of $30,110 at July 31, 2020 and $29,959 at April 30, 2020 3,340 3,373
Capitalized software, net of accumulated amortization of $35,829 at July 31, 2020 and $34,611 at April 30, 2020 7,389 8,362
Goodwill 25,888 25,888
Other intangibles, net of accumulated amortization of $12,556 at July 31, 2020 and $12,243 at April 30, 2020 821 1,132
Lease right of use assets 1,920 2,053
Deferred sales commissions—noncurrent 1,980 2,177
Other assets 2,009 1,941
Total assets 169,120 171,293
Current liabilities:    
Accounts payable 2,005 1,643
Accrued compensation and related costs 4,126 6,635
Dividends payable 3,571 3,547
Operating lease obligations 782 763
Other current liabilities 1,002 643
Deferred revenue 32,488 34,227
Total current liabilities 43,974 47,458
Deferred income taxes 2,958 2,897
Long-term operating lease obligations 1,265 1,424
Other long-term liabilities 109 92
Total liabilities 48,306 51,871
Shareholders’ equity:    
Additional paid-in capital 153,218 150,312
Retained deficit (10,550) (9,013)
Class A treasury stock, 4,588,632 shares at July 31, 2020 and April 30, 2020, at cost (25,559) (25,559)
Total shareholders’ equity 120,814 119,422
Commitments and contingencies
Total liabilities and shareholders’ equity 169,120 171,293
Class A Common Shares    
Shareholders’ equity:    
Common stock value 3,523 3,500
Class B Common Shares    
Shareholders’ equity:    
Common stock value $ 182 $ 182