Income Taxes (Tables)

12 Months Ended

Apr. 30, 2016

Schedule Of Components Of Income From Continuing Operations

The components of income from continuing operations upon which domestic and foreign income taxes have been provided are as follows:



(in 000s)
Year ended April 30,	2016		2015		2014
Domestic	$	513,746	$	682,744	$	754,036
Foreign	55,733		60,061		13,080
	$	569,479	$	742,805	$	767,116

Schedule Of Components Of Income Tax Expense (Benefit) For Continuing Operations

The components of income tax expense (benefit) for continuing operations are as follows:



(in 000s)
Year ended April 30,	2016			2015			2014
Current:
Federal	$	167,233		$	245,473		$	195,277
State	(26,980		)	31,501			33,274
Foreign	8,735			9,788			6,749
	148,988			286,762			235,300
Deferred:
Federal	19,937			(30,181		)	28,624
State	13,801			(4,040		)	5,475
Foreign	3,200			3,520			(2,380		)
	36,938			(30,701		)	31,719
Total income taxes for continuing operations	$	185,926		$	256,061		$	267,019

Schedule Of Effective Income Tax Rate Reconciliation

The reconciliation between the income tax provision and the amount computed by applying the statutory federal tax rate of 35% to income taxes of continuing operations is as follows:



Year ended April 30,	2016		2015		2014
U.S. statutory tax rate	35.0	%	35.0	%	35.0	%
Change in tax rate resulting from:
State income taxes, net of federal income tax benefit	2.2	%	3.5	%	3.8	%
Earnings taxed in foreign jurisdictions	(2.0	)%	(1.8	)%	(0.2	)%
Permanent differences	(0.2	)%	(0.3	)%	0.1	%
Uncertain tax positions	2.8	%	(1.0	)%	(5.6	)%
Change in valuation allowance	(0.5	)%	0.2	%	1.5	%
Significant state apportionment changes	(4.3	)%	—	%	—	%
Other	(0.3	)%	(1.1	)%	0.2	%
Effective tax rate	32.7	%	34.5	%	34.8	%

Schedule Of Deferred Tax Assets And Liabilities

The significant components of deferred tax assets and liabilities are reflected in the following table:



(in 000s)
As of April 30,	2016			2015
Deferred tax assets:
Accrued expenses	$	7,919		$	9,301
Deferred revenue	35,066			39,604
Allowance for credit losses and related reserves	69,347			107,554
Internally-developed software	51,998			46,376
Deferred and stock-based compensation	19,075			21,776
Net operating loss carry-forward	26,992			27,285
Federal tax benefits related to state unrecognized tax benefits	31,123			26,862
Other	10,187			7,278
Valuation allowance	(21,515		)	(24,937		)
Total deferred tax assets	230,192			261,099

Deferred tax liabilities:
Prepaid expenses and other	(3,225		)	(7,295		)
Property and equipment	(19,913		)	(25,589		)
Intangibles	(93,406		)	(93,700		)
Total deferred tax liabilities	(116,544		)	(126,584		)

Net deferred tax assets	$	113,648		$	134,515

Schedule Of Reconciliation Of Unrecognized Tax Benefits

Changes in unrecognized tax benefits for fiscal years 2016, 2015 and 2014 are as follows:



(in 000s)
Year ended April 30,	2016			2015			2014
Balance, beginning of the year	$	86,268		$	111,491		$	146,391
Additions based on tax positions related to prior years	29,294			15,510			9,743
Reductions based on tax positions related to prior years	(25,413		)	(38,783		)	(25,403		)
Additions based on tax positions related to the current year	27,220			22,319			7,399
Reductions related to settlements with tax authorities	(450		)	(10,450		)	(23,993		)
Expiration of statute of limitations	(8,922		)	(11,423		)	(11,853		)
Other	3,517			(2,396		)	9,207
Balance, end of the year	$	111,514		$	86,268		$	111,491