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Income Taxes (Tables)
12 Months Ended
Apr. 30, 2012
Income Taxes [Abstract]  
Components Of Income Tax Expense Attributable To Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years ended April 30,

 

 

2012

 

2011

 

2010

Current tax expense

 

 

 

 

 

 

   Federal

$

 9,937

$

 (6,171)

$

 41,632

   State

 

 2,345

 

 1,871

 

 4,794

 

 

 12,282

 

 (4,300)

 

 46,426

Deferred tax expense

 

 54,442

 

 60,914

 

 18,194

Total income tax provision

$

 66,724

$

 56,614

$

 64,620

 

 

 

 

 

 

 

Schedule of Deferred Tax Assets and Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of April 30,

 

 

2012

 

2011

 

2010

Deferred tax assets

 

 

 

 

 

 

   Accrued liabilities

$

 13,143

$

 10,405

$

 9,417

   Deferred compensation

 

 5,663

 

 5,325

 

 4,941

   Other

 

 7,644

 

 5,562

 

 3,759

     Total gross deferred tax assets

 

 26,450

 

 21,292

 

 18,117

Deferred tax liabilities

 

 

 

 

 

 

   Excess of tax over book

 

 

 

 

 

 

     depreciation

 

 (264,757)

 

 (211,415)

 

 (145,433)

   Other

 

 (8,955)

 

 (2,550)

 

 (4,496)

     Total gross deferred tax

 

 

 

 

 

 

       liabilities

 

 (273,712)

 

 (213,965)

 

 (149,929)

Net deferred tax liability

$

 (247,262)

$

 (192,673)

$

 (131,812)

 

 

 

 

 

 

 

Schedule of Effective Income Tax Rate Reconciliation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years ended April 30,

 

 

2012

 

2011

 

2010

Income taxes at the statutory rates

 

35.0%

 

35.0%

 

35.0%

Federal tax credits

 

-2.1

 

-1.2

 

-0.8

State income taxes, net of federal tax

 

 

 

 

 

 

  benefit

 

2.9

 

2.9

 

2.1

Other

 

0.6

 

0.7

 

-0.7

 

 

36.4%

 

37.4%

 

35.6%

 

 

 

 

 

 

 

Reconciliation Of Unrecognized Tax Benefits

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

Beginning balance

$

 6,148

$

 5,482

Additions based on tax positions related to current year

 

 2,706

 

 1,982

Additions for tax positions of prior years

 

 142

 

 48

Reductions for tax positions of prior years

 

 (47)

 

 (192)

Reductions due to lapse of applicable statute of limitations

 

 (1,411)

 

 (1,172)

Settlements

 

 -

 

 -

Ending balance

$

 7,538

$

 6,148