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Divestitures
 9 Months Ended
Jan. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Divestitures Divestitures
Discontinued Operations
On September 18, 2023, the Company disposed of its 100% equity interest in its information technology staffing firm, TPM to Marathon TS, Inc., an IT professional services firm for approximately $2.1 million in cash, of which $300,000 is held in escrow. The amounts held in escrow are limited to claims arising out of or relating to any pre-closing taxes. Any escrow amounts that are not subject to then outstanding indemnification claims shall be released to the Company in equal $100,000 increments on the 12, 24 and 36 month anniversary of the transaction closing date and are included in prepaid expenses and other current assets and other assets in the Condensed Consolidated Balance Sheet as of January 31, 2024. There have not been any submitted, or expected, indemnification claims against these escrowed funds. This transaction enables us to focus on our core supply chain planning business allowing Logility to continue to expand its AI-first supply chain management platform.
In accordance with applicable accounting guidance for the disposal of long-lived assets, the results of TPM are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results in the accompanying Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Cash Flows and in the Notes to Condensed Consolidated Financial Statements. TPM was previously reported in the former IT Consulting segment. During the second quarter of fiscal 2024, the Company identified an error, originating in 2017, resulting in an understatement of professional services and other cost of revenue and other current liabilities. The error was determined to be immaterial to all impacted periods and has been corrected in the previously issued condensed consolidated financial statements presented herein. Subsequent to presenting the results of TPM as discontinued operations, the amounts related to the error resulted in an adjustment to decrease earnings from operations of discontinued operations by $123,000 and $168,000 in the three and nine months ended January 31, 2023, respectively. The error resulted in an increase to retained deficit and an increase to other current liabilities of approximately $1.0 million in prior periods presented.
The following is selected financial information included in Earnings from discontinued operations for TPM:

Three Months Ended
January 31,		Nine Months Ended
January 31,
2024202320242023
Revenue$— $3,584 $4,932 $12,258 
Cost of revenue— 2,926 3,959 9,942 
Total operating expenses$— $570 $718 $1,841 
Gain on disposal of discontinued operations$— $— $2,124 $— 
Earnings before income taxes$— $88 $2,379 $475 
Income tax expense64 43 567 152 
Earnings (loss) from discontinued operations, net of taxes$(64)$45 $1,812 $323 
The following is selected financial information included in current assets and current liabilities from discontinued operations for TPM:
January 31,April 30,
20242023
Cash and cash equivalents$— $637 
Trade accounts receivable, less allowance for doubtful accounts— 2,964 
Prepaid expenses and other current assets— 2 
Current assets of discontinued operations$— $3,603 
Current liabilities of discontinued operations$— $318 
Other Divestitures
On November 15 2023, we signed an asset purchase agreement for the sale of our Transportation Rating Solutions ("TRS") business which consists of on-premise freight shipping solutions for LTL, truckload and rail shipments within North America to FOG Software Group ("FOG") a division of Vela Software for approximately $1.1 million in cash, of which, $440,000 is subject to various holdback provisions, which will expire 120 days following the date of the agreement. The divestiture of TRS will allow us to focus on our core supply chain planning business allowing Logility to continue to expand its AI-first supply chain management platform. The purchase price is subject to a working capital adjustment. We recognized a pre-tax gain of approximately $1.4 million which is recorded within Other Income in the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended January 31, 2024. Earnings from the business were not material and the results of the business through the date of sale were reflected in continuing operations within the SCM segment.