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Quarterly Financial Data
12 Months Ended
Apr. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
(in 000s, except per share amounts)
 
 
 
Fiscal Year 2017

 
Apr 30, 2017

 
Jan 31, 2017

 
Oct 31, 2016

 
Jul 31, 2016

Revenues
 
$
3,036,314

 
$
2,327,915

 
$
451,882

 
$
131,332

 
$
125,185

Income (loss) from continuing operations before taxes (benefit)
 
$
629,287

 
$
1,211,903

 
$
(150,598
)
 
$
(228,469
)
 
$
(203,549
)
Income taxes (benefit)
 
208,370

 
425,333

 
(49,386
)
 
(85,054
)
 
(82,523
)
Net income (loss) from continuing operations
 
420,917

 
786,570

 
(101,212
)
 
(143,415
)
 
(121,026
)
Net loss from discontinued operations
 
(11,972
)
 
(3,218
)
 
(3,302
)
 
(2,805
)
 
(2,647
)
Net income (loss)
 
$
408,945

 
$
783,352

 
$
(104,514
)
 
$
(146,220
)
 
$
(123,673
)
Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
1.97

 
$
3.79

 
$
(0.49
)
 
$
(0.67
)
 
$
(0.55
)
Discontinued operations
 
(0.05
)
 
(0.02
)
 
(0.01
)
 
(0.01
)
 
(0.01
)
Consolidated
 
$
1.92

 
$
3.77

 
$
(0.50
)
 
$
(0.68
)
 
$
(0.56
)
Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
1.96

 
$
3.76

 
$
(0.49
)
 
$
(0.67
)
 
$
(0.55
)
Discontinued operations
 
(0.05
)
 
(0.01
)
 
(0.01
)
 
(0.01
)
 
(0.01
)
Consolidated
 
$
1.91

 
$
3.75

 
$
(0.50
)
 
$
(0.68
)
 
$
(0.56
)
 
 
 
 
 
 
 
 
 
 
 
(in 000s, except per share amounts)
 
 
 
Fiscal Year 2016

 
Apr 30, 2016

 
Jan 31, 2016

 
Oct 31, 2015

 
Jul 31, 2015

Revenues
 
$
3,038,153

 
$
2,297,477

 
$
474,543

 
$
128,415

 
$
137,718

Income (loss) from continuing operations before taxes (benefit)
 
$
569,479

 
$
1,140,807

 
$
(146,500
)
 
$
(237,719
)
 
$
(187,109
)
Income taxes (benefit)
 
185,926

 
439,582

 
(67,851
)
 
(95,201
)
 
(90,604
)
Net income (loss) from continuing operations
 
383,553

 
701,225

 
(78,649
)
 
(142,518
)
 
(96,505
)
Net loss from discontinued operations
 
(9,286
)
 
(563
)
 
(3,080
)
 
(2,489
)
 
(3,154
)
Net income (loss)
 
$
374,267

 
$
700,662

 
$
(81,729
)
 
$
(145,007
)
 
$
(99,659
)
Basic earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
1.54

 
$
3.15

 
$
(0.34
)
 
$
(0.54
)
 
$
(0.35
)
Discontinued operations
 
(0.04
)
 

 
(0.01
)
 
(0.01
)
 
(0.01
)
Consolidated
 
$
1.50

 
$
3.15

 
$
(0.35
)
 
$
(0.55
)
 
$
(0.36
)
Diluted earnings (loss) per share:
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
1.53

 
$
3.13

 
$
(0.34
)
 
$
(0.54
)
 
$
(0.35
)
Discontinued operations
 
(0.04
)
 

 
(0.01
)
 
(0.01
)
 
(0.01
)
Consolidated
 
$
1.49

 
$
3.13

 
$
(0.35
)
 
$
(0.55
)
 
$
(0.36
)
 
 
 
 
 
 
 
 
 
 
 
Because most of our clients file their tax returns during the period from January through April of each year, substantially all of our revenues from income tax return preparation and related services and products are earned during this period. As a result, we generally operate at a loss through a majority of the fiscal year.
The accumulation of four quarters in fiscal years 2017 and 2016 for earnings per share may not equal the related per share amounts for the years ended April 30, 2017 and 2016 due to the timing of the exercise of stock options and lapse of certain restrictions on nonvested shares and share units and deferred stock units and the antidilutive effect of stock options and nonvested shares and share units in the first three quarters for those years.
Information regarding H&R Block's common stock prices and dividends for fiscal years 2017 and 2016 is as follows:
 
 
Fiscal Year

 
Fourth Quarter

 
Third Quarter

 
Second Quarter

 
First Quarter

Fiscal Year 2017:
 
 
 
 
 
 
 
 
 
 
Dividends paid per share
 
$
0.88

 
$
0.22

 
$
0.22

 
$
0.22

 
$
0.22

Stock price range:
 
 
 
 
 
 
 
 
 
 
High
 
$
24.95

 
$
24.82

 
$
24.06

 
$
24.95

 
$
24.53

Low
 
19.18

 
19.85

 
20.91

 
20.58

 
19.18

Fiscal Year 2016:
 
 
 
 
 
 
 
 
 
 
Dividends paid per share
 
$
0.80

 
$
0.20

 
$
0.20

 
$
0.20

 
$
0.20

Stock price range:
 
 
 
 
 
 
 
 
 
 
High
 
$
37.53

 
$
35.14

 
$
37.53

 
$
37.50

 
$
34.62

Low
 
19.75

 
19.75

 
31.00

 
31.03

 
29.15