Goodwill And Intangible Assets

6 Months Ended

Oct. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 5: GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for the six months ended October 31, 2016 and 2015 are as follows:



(in 000s)
	Goodwill			Accumulated Impairment Losses			Net
Balances as of April 30, 2016	$	503,054		$	(32,297	)	$	470,757
Acquisitions	7,435			—			7,435
Disposals and foreign currency changes, net	(832		)	—			(832		)
Impairments	—			—			—
Balances as of October 31, 2016	$	509,657		$	(32,297	)	$	477,360

Balances as of April 30, 2015	$	474,128		$	(32,297	)	$	441,831
Acquisitions	1,852			—			1,852
Disposals and foreign currency changes, net	(1,615		)	—			(1,615		)
Impairments	—			—			—
Balances as of October 31, 2015	$	474,365		$	(32,297	)	$	442,068

We test goodwill for impairment annually or more frequently if events occur or circumstances change which would, more likely than not, reduce the fair value of a reporting unit below its carrying value.

Components of intangible assets are as follows:



(in 000s)
	Gross Carrying Amount		Accumulated Amortization			Net
As of October 31, 2016:
Reacquired franchise rights	$	322,916	$	(79,484	)	$	243,432
Customer relationships	211,106		(117,539		)	93,567
Internally-developed software	137,533		(104,022		)	33,511
Noncompete agreements	31,625		(26,520		)	5,105
Franchise agreements	19,201		(10,134		)	9,067
Purchased technology	54,700		(28,941		)	25,759
Acquired assets pending final allocation ⁽¹⁾	22,694		—			22,694
	$	799,775	$	(366,640	)	$	433,135
As of October 31, 2015:
Reacquired franchise rights	$	316,142	$	(56,731	)	$	259,411
Customer relationships	182,137		(89,340		)	92,797
Internally-developed software	123,263		(88,091		)	35,172
Noncompete agreements	32,428		(24,632		)	7,796
Franchise agreements	19,201		(8,854		)	10,347
Purchased technology	54,700		(22,877		)	31,823
Acquired assets pending final allocation ⁽¹⁾	28,878		—			28,878
	$	756,749	$	(290,525	)	$	466,224
As of April 30, 2016:
Reacquired franchise rights	$	319,354	$	(68,284	)	$	251,070
Customer relationships	206,607		(104,072		)	102,535
Internally-developed software	131,161		(95,768		)	35,393
Noncompete agreements	31,499		(25,572		)	5,927
Franchise agreements	19,201		(9,494		)	9,707
Purchased technology	54,700		(25,909		)	28,791
Acquired assets pending final allocation ⁽¹⁾	462		—			462
	$	762,984	$	(329,099	)	$	433,885

⁽¹⁾ Represents business acquisitions for which final purchase price allocations have not yet been determined.

Amortization of intangible assets for the three and six months ended October 31, 2016 was $20.1 million and $38.0 million, respectively. Amortization of intangible assets for the three and six months ended October 31, 2015 was $17.9 million and $34.5 million, respectively. Estimated amortization of intangible assets for fiscal years 2017, 2018, 2019, 2020 and 2021 is $69.8 million, $65.9 million, $51.5 million, $36.6 million and $24.7 million, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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