Segment Information

12 Months Ended

Apr. 30, 2012

Segment Information [Abstract]

Segment Information

NOTE 22: SEGMENT INFORMATION

Management has determined our reportable segments identified below according to types of services offered and the manner in which operational decisions are made. Operating results of our reportable segments are all seasonal.

As of April 30, 2012, the results of operations of our previously reported Business Services segment are presented as discontinued operations in the consolidated statements of income. All periods presented have been reclassified to reflect our discontinued operations. See note 20 for additional information.

TAX SERVICES — Our Tax Services segment is primarily engaged in providing tax return preparation and related services and products in the U.S. and its territories, Canada, and Australia. Major revenue sources include fees earned for tax preparation services performed at company-owned retail tax offices, royalties from franchise retail tax offices, sales of tax preparation software, online tax preparation fees, fees from refund anticipation checks (RACs), fees from activities related to H&R Block Prepaid Emerald MasterCard^®, and interest and fees from EAs.

Our international operations contributed $232.8 million, $205.8 million and $190.9 million in revenues for fiscal years 2012, 2011 and 2010, respectively, and $47.1 million, $46.2 million and $46.7 million of pretax income, respectively.

CORPORATE AND ELIMINATIONS – Results include net interest margin and gains or losses relating to mortgage loans held for investment, real estate owned and residual interests in securitizations, along with interest expense on borrowings and other corporate expenses.

IDENTIFIABLE ASSETS – Identifiable assets are those assets, including goodwill and intangible assets, associated with a reportable segment. The remaining assets are classified as Corporate assets, which consist primarily of cash and mortgage loans held for investment. The carrying value of assets held outside the U.S. totaled $201.8 million, $206.3 million and $166.8 million at April 30, 2012, 2011 and 2010, respectively.

Information concerning the Company's operations by reportable segment is as follows:

	(in 000s)
Year ended April 30,	2012			2011			2010
REVENUES :
Tax Services	$	2,862,378		$	2,912,361		$	2,975,252
Corporate and eliminations		31,393			32,619			39,583
	$	2,893,771		$	2,944,980		$	3,014,835
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES :
Tax Services	$	704,002		$	767,498		$	867,362
Corporate and eliminations		(127,932	)		(139,795	)		(143,948	)
	$	576,070		$	627,703		$	723,414
IDENTIFIABLE ASSETS :
Tax Services	$	2,298,484		$	2,267,236		$	2,279,161
Corporate		2,351,083			2,121,889			2,139,334
Assets held for sale		—			900,328			853,217
	$	4,649,567		$	5,289,453		$	5,271,712