Segment Information

12 Months Ended

Apr. 30, 2013

Segment Reporting [Abstract]

Segment Information

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.

TAX SERVICES – Our Tax Services segment is engaged in providing tax return preparation and related services and products to the general public primarily 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 RACs, fees related to H&R Block Prepaid Emerald MasterCard^®, and interest and fees from EAs.

Our international operations contributed $249.0 million, $232.8 million and $205.8 million in revenues for fiscal years 2013, 2012 and 2011, respectively, and $44.6 million, $47.1 million and $46.2 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, other corporate expenses and eliminations of intercompany activities.

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 $472.6 million, $201.8 million and $206.3 million at April 30, 2013, 2012 and 2011, respectively.

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

(in 000s)
Year ended April 30,	2013			2012			2011
REVENUES :
Tax Services	$	2,877,967		$	2,862,378		$	2,912,361
Corporate and eliminations	27,976			31,393			32,619
	$	2,905,943		$	2,893,771		$	2,944,980
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES :
Tax Services	$	821,143		$	704,002		$	767,498
Corporate and eliminations	(119,132		)	(127,932		)	(139,795		)
	$	702,011		$	576,070		$	627,703
IDENTIFIABLE ASSETS :
Tax Services	$	3,012,525		$	2,298,484		$	2,267,236
Corporate	1,525,254			2,351,083			2,121,889
Assets held for sale	—			—			900,328
	$	4,537,779		$	4,649,567		$	5,289,453