Income Taxes (Tables)

12 Months Ended

Apr. 30, 2017

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,	2017		2016		2015
Domestic	$	535,378	$	513,746	$	682,744
Foreign	93,909		55,733		60,061
	$	629,287	$	569,479	$	742,805

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,	2017			2016			2015
Current:
Federal	$	147,961		$	167,233		$	245,473
State	15,118			(26,980		)	31,501
Foreign	10,678			8,735			9,788
	173,757			148,988			286,762
Deferred:
Federal	39,299			19,937			(30,181		)
State	(5,064		)	13,801			(4,040		)
Foreign	378			3,200			3,520
	34,613			36,938			(30,701		)
Total income taxes for continuing operations	$	208,370		$	185,926		$	256,061

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,	2017		2016		2015
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	1.6	%	2.2	%	3.5	%
Earnings taxed in foreign jurisdictions	(4.6	)%	(2.0	)%	(1.8	)%
Permanent differences	(0.4	)%	(0.2	)%	(0.3	)%
Uncertain tax positions	4.3	%	2.8	%	(1.0	)%
Change in valuation allowance	0.2	%	(0.5	)%	0.2	%
Currency loss on previously taxed income	(1.6	)%	—	%	—	%
Significant state apportionment changes	—	%	(4.3	)%	—	%
Other	(1.4	)%	(0.3	)%	(1.1	)%
Effective tax rate	33.1	%	32.7	%	34.5	%

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,	2017			2016
Deferred tax assets:
Accrued expenses	$	4,491		$	7,919
Deferred revenue	36,305			35,066
Allowance for credit losses and related reserves	39,243			69,347
Internally-developed software	55,253			51,998
Deferred and stock-based compensation	17,919			19,075
Net operating loss carry-forward	28,049			26,992
Federal tax benefits related to state unrecognized tax benefits	36,265			31,123
Other	—			10,187
Valuation allowance	(22,844		)	(21,515		)
Total deferred tax assets	194,681			230,192

Deferred tax liabilities:
Prepaid expenses and other	(12,104		)	(3,225		)
Property and equipment	(10,024		)	(19,913		)
Intangibles	(95,385		)	(93,406		)
Total deferred tax liabilities	(117,513		)	(116,544		)

Net deferred tax assets	$	77,168		$	113,648

Schedule Of Reconciliation Of Unrecognized Tax Benefits

Changes in unrecognized tax benefits for fiscal years 2017, 2016 and 2015 are as follows:



(in 000s)
Year ended April 30,	2017			2016			2015
Balance, beginning of the year	$	111,514		$	86,268		$	111,491
Additions based on tax positions related to prior years	14,743			29,294			15,510
Reductions based on tax positions related to prior years	(8,469		)	(25,413		)	(38,783		)
Additions based on tax positions related to the current year	33,264			27,220			22,319
Reductions related to settlements with tax authorities	(293		)	(450		)	(10,450		)
Expiration of statute of limitations	(989		)	(8,922		)	(11,423		)
Other	173			3,517			(2,396		)
Balance, end of the year	$	149,943		$	111,514		$	86,268