Quarterly Financial Data

12 Months Ended

Apr. 30, 2012

Quarterly Financial Data [Abstract]

Quarterly Financial Data

NOTE 23: QUARTERLY FINANCIAL DATA (UNAUDITED)

	(in 000s, except per share amounts)
	Fiscal Year 2012			Apr 30, 2012			Jan 31, 2012			Oct 31, 2011			Jul 31, 2011
Revenues	$	2,893,771		$	2,000,674		$	663,280		$	129,194		$	100,623
Income (loss) from continuing operations before taxes (benefit)	$	576,070		$	981,626		$	(1,026	)	$	(203,929	)	$	(200,601	)
Income taxes (benefit)		230,102			389,923			2,541			(80,916	)		(81,446	)
Net income (loss) from continuing operations		345,968			591,703			(3,567	)		(123,013	)		(119,155	)
Net income (loss) from discontinued operations		(80,036	)		(5,600	)		218			(18,711	)		(55,943	)
Net income (loss)	$	265,932		$	586,103		$	(3,349	)	$	(141,724	)	$	(175,098	)
Basic earnings (loss) per share:
Net income (loss) from continuing operations	$	1.16		$	2.02		$	(0.01	)	$	(0.41	)	$	(0.39	)
Net loss from discontinued operations		(0.27	)		(0.02	)		—			(0.06	)		(0.18	)
Net income (loss)	$	0.89		$	2.00		$	(0.01	)	$	(0.47	)	$	(0.57	)
Diluted earnings (loss) per share:
Net income (loss) from continuing operations	$	1.16		$	2.01		$	(0.01	)	$	(0.41	)	$	(0.39	)
Net loss from discontinued operations		(0.27	)		(0.02	)		—			(0.06	)		(0.18	)
Net income (loss)	$	0.89		$	1.99		$	(0.01	)	$	(0.47	)	$	(0.57	)

	Fiscal Year 2011		Apr 30, 2011		Jan 31, 2011			Oct 31, 2010			Jul 31, 2010
Revenues	$	2,944,980	$	2,045,259	$	680,296		$	119,590		$	99,835
Income (loss) from continuing operations before taxes (benefit)	$	627,703	$	1,044,338	$	(25,968	)	$	(183,516	)	$	(207,151	)
Income taxes (benefit)		235,156		401,505		(14,934	)		(72,072	)		(79,343	)
Net income (loss) from continuing operations		392,547		642,833		(11,034	)		(111,444	)		(127,808	)
Net income (loss) from discontinued operations		13,563		15,728		(1,687	)		2,395			(2,873	)
Net income (loss)	$	406,110	$	658,561	$	(12,721	)	$	(109,049	)	$	(130,681	)
Basic earnings (loss) per share:
Net income (loss) from continuing operations	$	1.27	$	2.10	$	(0.04	)	$	(0.36	)	$	(0.40	)
Net income (loss) from discontinued operations		0.04		0.05		—			—			(0.01	)
Net income (loss)	$	1.31	$	2.15	$	(0.04	)	$	(0.36	)	$	(0.41	)
Diluted earnings (loss) per share:
Net income (loss) from continuing operations	$	1.27	$	2.09	$	(0.04	)	$	(0.36	)	$	(0.40	)
Net income (loss) from discontinued operations		0.04		0.05		—			—			(0.01	)
Net income (loss)	$	1.31	$	2.14	$	(0.04	)	$	(0.36	)	$	(0.41	)

Because most of our clients file their tax returns during the period from January through April of each year, substantially all of our revenues from income tax return preparation and related services and products are earned during this period. As a result, we generally operate at a loss through the first eight months of the fiscal year. Results of discontinued operations for the first quarter of fiscal year 2012 included pretax goodwill impairments of $99.7 million.

The accumulation of four quarters in fiscal years 2012 and 2011 for earnings per share may not equal the related per share amounts for the years ended April 30, 2012 and 2011 due to the timing of the exercise of stock options and lapse of certain restrictions on nonvested shares and share units and the antidilutive effect of stock options and nonvested shares and share units in the first two quarters for those years, as well as the repurchase of shares outstanding.

	Fiscal Year		Fourth Quarter		Third Quarter		Second Quarter		First Quarter
FISCAL YEAR 2012:
Dividends paid per share	$	0.70	$	0.20	$	0.20	$	0.15	$	0.15
Stock price range:
High	$	17.75	$	17.46	$	17.09	$	15.52	$	17.75
Low		12.54		14.35		14.41		12.54		14.68
FISCAL YEAR 2011:
Dividends paid per share	$	0.60	$	0.15	$	0.15	$	0.15	$	0.15
Stock price range:
High	$	18.99	$	18.00	$	13.79	$	15.97	$	18.99
Low		10.13		12.46		11.15		10.13		13.44