Note H - Income Taxes

12 Months Ended

Apr. 30, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

 H - Income Taxes

The provision for income taxes was as follows:

	Years Ended April 30,
(In thousands)	2015		2014			2013
Provision for income taxes
Current	$	13,610	$	15,466		$	17,045
Deferred		3,934		(2,923	)		1,446
	$	17,544	$	12,543		$	18,491

The provision for income taxes is different from the amount computed by applying the statutory federal income tax rate to income before income taxes for the following reasons:

	Years Ended April 30,
(In thousands)	2015			2014			2013
Tax provision at statutory rate	$	16,463		$	11,785		$	17,729
State taxes, net of federal benefit		1,172			813			829
Other, net		(91	)		(55	)		(67	)
	$	17,544		$	12,543		$	18,491

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  Significant components of the Company’s deferred income tax assets and liabilities were as follows:

	April 30,
(In thousands)	2015		2014
Deferred income tax liabilities related to:
Finance receivables	$	25,388	$	21,944
Property and equipment		839		1,386
Total		26,227		23,330
Deferred income tax assets related to:
Accrued liabilities		1,872		1,602
Inventory		196		173
Share based compensation		4,030		4,667
Deferred revenue		951		1,644
Total		7,049		8,086
Deferred income tax liabilities, net	$	19,178	$	15,244