H&R Block Bank

12 Months Ended

Apr. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

H&R Block Bank

y $1.7 billion. In connection with the closing we intend to liquidate the available-for-sale (AFS) securities held by HRB Bank, which totaled $435 million at April 30, 2015.

The obligations of the parties to complete the P&A Transaction are subject to the fulfillment of numerous conditions, including regulatory approval. Under the terms of the February Letter Agreement, the P&A Agreement may currently be terminated at the election of any of the parties thereto. We cannot be certain when or if the conditions to the P&A Transaction will be satisfied, or whether the P&A Transaction will be completed. In addition, there may be changes to the terms and conditions of the P&A Agreement and other contemplated agreements prior to any closing.