Segment Information

12 Months Ended

Apr. 30, 2014

Segment Reporting [Abstract]

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 provides assisted income tax return preparation, digital DIY tax solutions and other services and products related to income tax return preparation to the general public primarily in the U.S. and its territories, Canada and Australia. We also offer retail banking services in the U.S. through HRB Bank. 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, fees for online tax preparation services, fees from RACs, fees related to H&R Block Prepaid Emerald MasterCard® and interest and fees from EAs.

Our international operations contributed $232.2 million, $249.0 million and $232.8 million in revenues for fiscal years 2014, 2013 and 2012, respectively.

CORPORATE AND ELIMINATIONS – Results include net interest margin and gains or losses relating to mortgage loans held for investment and residual interests in securitizations, 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 $303.9 million, $472.6 million and $201.8 million as of April 30, 2014, 2013 and 2012, respectively.

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

(in 000s)
Year ended April 30,	2014			2013			2012
REVENUES :
Tax Services	$	2,999,460		$	2,877,967		$	2,862,378
Corporate and eliminations	24,835			27,976			31,393
	$	3,024,295		$	2,905,943		$	2,893,771
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES :
Tax Services	$	866,367		$	821,143		$	704,002
Corporate and eliminations	(99,251		)	(119,132		)	(127,932		)
	$	767,116		$	702,011		$	576,070
IDENTIFIABLE ASSETS :
Tax Services	$	2,945,242		$	3,012,525		$	2,298,484
Corporate	1,748,287			1,525,254			2,351,083
	$	4,693,529		$	4,537,779		$	4,649,567