Quarterly Financial Data

12 Months Ended

Apr. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

QUARTERLY FINANCIAL DATA (UNAUDITED)

(in 000s, except per share amounts)
	Fiscal Year 2013			Apr 30, 2013			Jan 31, 2013			Oct 31, 2012			Jul 31, 2012
Revenues	$	2,905,943		$	2,200,212		$	471,979		$	137,263		$	96,489
Income (loss) from continuing operations before taxes (benefit)	$	702,011		$	1,129,836		$	(96,268	)	$	(162,288	)	$	(169,269	)
Income taxes (benefit)	236,853			440,914			(79,353		)	(61,089		)	(63,619		)
Net income (loss) from continuing operations	465,158			688,922			(16,915		)	(101,199		)	(105,650		)
Net loss from discontinued operations	(31,210		)	(24,582		)	(793		)	(4,044		)	(1,791		)
Net income (loss)	$	433,948		$	664,340		$	(17,708	)	$	(105,243	)	$	(107,441	)
Basic earnings (loss) per share:
Continuing operations	$	1.70		$	2.53		$	(0.06	)	$	(0.37	)	$	(0.38	)
Discontinued operations	(0.11		)	(0.09		)	(0.01		)	(0.02		)	(0.01		)
Consolidated	$	1.59		$	2.44		$	(0.07	)	$	(0.39	)	$	(0.39	)
Diluted earnings (loss) per share:
Continuing operations	$	1.69		$	2.51		$	(0.06	)	$	(0.37	)	$	(0.38	)
Discontinued operations	(0.11		)	(0.09		)	(0.01		)	(0.02		)	(0.01		)
Consolidated	$	1.58		$	2.42		$	(0.07	)	$	(0.39	)	$	(0.39	)

	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:
Continuing operations	$	1.16		$	2.02		$	(0.01	)	$	(0.41	)	$	(0.39	)
Discontinued operations	(0.27		)	(0.02		)	—			(0.06		)	(0.18		)
Consolidated	$	0.89		$	2.00		$	(0.01	)	$	(0.47	)	$	(0.57	)
Diluted earnings (loss) per share:
Continuing operations	$	1.16		$	2.01		$	(0.01	)	$	(0.41	)	$	(0.39	)
Discontinued operations	(0.27		)	(0.02		)	—			(0.06		)	(0.18		)
Consolidated	$	0.89		$	1.99		$	(0.01	)	$	(0.47	)	$	(0.57	)

Because most of our clients file their tax returns during last four months of our fiscal year, which is 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 2013 and 2012 for earnings per share may not equal the related per share amounts for the years ended April 30, 2013 and 2012 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.

Information regarding H&R Block's common stock prices and dividends for fiscal years 2013 and 2012 is as follows:

	Fiscal Year		Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Fiscal Year 2013:
Dividends paid per share	$	0.80	$	0.20	$	0.20	$	0.20	$	0.20
Stock price range:
High	$	29.68	$	29.68	$	23.19	$	18.04	$	16.88
Low	14.35		22.77		17.26		15.53		14.35
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