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Discontinued Operations
 6 Months Ended
Oct. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
In July 2013, H&R Block Bank (HRB Bank) and Block Financial LLC (Block Financial) entered into a definitive Purchase and Assumption Agreement (P&A Agreement) with Republic Bank & Trust Company (Republic Bank) subject to various closing conditions, including the finalization of various operating agreements and receipt of certain required approvals (P&A Transaction). Prior to entering into the P&A Agreement, Republic Bank, which currently operates under a state bank charter and is regulated primarily by the Federal Deposit Insurance Corporation (FDIC), filed an application with the Office of the Comptroller of the Currency (OCC) for approval to convert to a national banking association. Approval and completion of this conversion were conditions to closing the P&A Transaction.
In October 2013, Republic Bank informed us that it had withdrawn its application for the conversion and its application for approval of the P&A Transaction, which was contingent upon the approval of the conversion. As a result, HRB Bank and Block Financial provided notice to Republic Bank of termination of the P&A Agreement.
We plan to continue offering financial services and products to our clients through HRB Bank during the 2014 tax season. We continue to explore alternatives for delivering financial products and services to our customers while ceasing to be regulated as a savings and loan holding company (SLHC); however, we cannot predict the timing or the likelihood of ceasing to be regulated as an SLHC.
Discontinued operations consist of our former Business Services segment and SCC. We sold or ceased to operate all businesses within our former Business Services segment in fiscal year 2012. SCC exited its mortgage business in fiscal year 2008.
Results of our discontinued operations are as follows:
(in 000s)
 
 
 
Three months ended
 
Six months ended
 
 
October 31,
 
October 31,
 
 
2013

 
2012

 
2013

 
2012

Revenues
 
$
—

 
$
—

 
$
—

 
$
—

Pretax income (loss) from operations:
 
 
 
 
 
 
 
 
RSM and related businesses
 
$
(608
)
 
$
(221
)
 
$
(1,836
)
 
$
307

Mortgage
 
(2,538
)
 
(6,411
)
 
(4,436
)
 
(9,874
)
 
 
(3,146
)
 
(6,632
)
 
(6,272
)
 
(9,567
)
Income tax benefit
 
(1,218
)
 
(2,588
)
 
(2,427
)
 
(3,732
)
Net loss from discontinued operations
 
$
(1,928
)
 
$
(4,044
)
 
$
(3,845
)
 
$
(5,835
)