Bazaarvoice 10-Q 2 Sep 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2015	Aug. 28, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	Bazaarvoice Inc
Entity Central Index Key	1,330,421
Current Fiscal Year End Date	--04-30
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	BV
Amendment Flag	false
Entity Common Stock, Shares Outstanding		80,543,474

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2015	Apr. 30, 2015
Current assets:
Cash and cash equivalents	$ 53,450	$ 54,041
Short-term investments	49,696	52,730
Accounts receivable, net of allowance for doubtful accounts of $4,175 and $3,992 as of July 31, 2015 and April 30, 2015, respectively	50,523	49,532
Prepaid expenses and other current assets	8,471	12,977
Total current assets	162,140	169,280
Property, equipment and capitalized internal-use software development costs, net	19,351	19,054
Goodwill	139,155	139,155
Acquired intangible assets, net	11,025	11,498
Other non-current assets	4,305	3,974
Total assets	335,976	342,961
Current liabilities:
Accounts payable	3,146	3,539
Accrued expenses and other current liabilities	24,062	27,397
Deferred revenue	63,100	60,400
Total current liabilities	90,308	91,336
Long-term liabilities:
Revolving line of credit	57,000	57,000
Deferred revenue less current portion	2,329	2,530
Deferred tax liability, long-term	81	81
Other liabilities, long-term	642	631
Total liabilities	$ 150,360	$ 151,578
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock – $0.0001 par value; 150,000,000 shares authorized, 80,734,145 shares issued and 80,534,145 shares outstanding as of July 31, 2015; 150,000,000 shares authorized, 80,346,488 shares issued and 80,146,488 shares outstanding at April 30, 2015	$ 8	$ 8
Treasury stock, at cost – 200,000 shares as of July 31, 2015 and April 30, 2015	0	0
Additional paid-in capital	422,926	418,509
Accumulated other comprehensive loss	(578)	(638)
Accumulated deficit	(236,740)	(226,496)
Total stockholders’ equity	185,616	191,383
Total liabilities and stockholders’ equity	$ 335,976	$ 342,961

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2015	Apr. 30, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 4,175	$ 3,992
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	80,734,145	80,346,488
Common stock, shares outstanding	80,534,145	80,146,488
Treasury stock, shares	200,000	200,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Income Statement [Abstract]
Revenue	$ 48,876	$ 45,977
Cost of revenue	19,548	16,356
Gross profit	29,328	29,621
Operating expenses:
Sales and marketing	19,166	20,995
Research and development	10,533	9,730
General and administrative	8,238	7,893
Acquisition-related and other	702	492
Amortization of acquired intangible assets	309	309
Total operating expenses	38,948	39,419
Operating loss	(9,620)	(9,798)
Other income (expense), net:
Interest income	77	6
Interest expense	(571)	(232)
Other expense	(218)	(272)
Total other expense, net	(712)	(498)
Loss from continuing operations before income taxes	(10,332)	(10,296)
Income tax expense (benefit)	(88)	12
Net loss from continuing operations	(10,244)	(10,308)
Loss from discontinued operations, net of tax	0	(1,257)
Net loss applicable to common stockholders	$ (10,244)	$ (11,565)
Net loss per share applicable to common stockholders:
Continuing operations	$ (0.13)	$ (0.13)
Discontinued operations	0	(0.02)
Basic and diluted loss per share:	$ (0.13)	$ (0.15)
Basic and diluted weighted average number of shares outstanding	80,174	77,766

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Statement of Comprehensive Income [Abstract]
Net loss	$ (10,244)	$ (11,565)
Other comprehensive gain (loss), net of tax:
Foreign currency translation adjustment	30	(2)
Unrealized gain on investments	30	47
Total other comprehensive gain, net of tax	60	45
Comprehensive loss	$ (10,184)	$ (11,520)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Changes in Stockholders' Equity - 3 months ended Jul. 31, 2015 - USD ($) shares in Thousands, $ in Thousands	Total	Common stock	Treasury stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Accumulated deficit
Beginning balance, Shares at Apr. 30, 2015		80,346	(200)
Beginning balance at Apr. 30, 2015	$ 191,383	$ 8	$ 0	$ 418,509	$ (638)	$ (226,496)
Stock-based expense	4,049			4,049
Issuance of restricted stock awards, Shares		54
Exercise of stock options and vested restricted stock units, Shares		334
Exercise of stock options and vested restricted stock units	368			368
Change in foreign currency translation adjustment	30				30
Change in unrealized gain on investments	30				30
Net loss applicable to common stockholders	(10,244)					(10,244)
Ending balance, Shares at Jul. 31, 2015		80,734	(200)
Ending balance at Jul. 31, 2015	$ 185,616	$ 8	$ 0	$ 422,926	$ (578)	$ (236,740)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Operating activities:
Net loss	$ (10,244)	$ (11,565)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	3,644	2,810
Loss on disposal of discontinued operations, net of tax	0	1,537
Stock-based expense	4,049	3,246
Bad debt expense	85	601
Excess tax benefit related to stock-based expense	0	(1)
Amortization of deferred financing costs	59	0
Other non-cash expense	51	169
Changes in operating assets and liabilities:
Accounts receivable	(1,076)	435
Prepaid expenses and other current assets	(48)	(145)
Other non-current assets	(314)	(319)
Accounts payable	(808)	208
Accrued expenses and other current liabilities	(4,162)	(2,388)
Deferred revenue	2,498	2,349
Other liabilities, long-term	4	(349)
Net cash used in operating activities	(6,262)	(3,412)
Investing activities:
Proceeds from sale of discontinued operations	4,501	25,500
Purchases of property, equipment and capitalized internal-use software development costs	(3,043)	(3,280)
Purchases of short-term investments	(15,155)	(38,858)
Proceeds from maturities of short-term investments	18,172	11,655
Net cash provided by (used in) investing activities	4,475	(4,983)
Financing activities:
Proceeds from employee stock compensation plans	1,101	1,156
Excess tax benefit related to stock-based expense	0	1
Net cash provided by financing activities	1,101	1,157
Effect of exchange rate fluctuations on cash and cash equivalents	95	8
Net change in cash and cash equivalents	(591)	(7,230)
Cash and cash equivalents at beginning of period	54,041	31,934
Cash and cash equivalents at end of period	53,450	24,704
Supplemental disclosure of other cash flow information:
Cash paid for income taxes, net of refunds	335	461
Cash paid for interest	542	222
Supplemental disclosure of non-cash investing and financing activities:
Purchase of fixed assets recorded in accounts payable	$ 413	$ 0

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Organization and Nature of Operations	Organization and Nature of Operations Bazaarvoice, Inc. (“Bazaarvoice” or the “Company”) is a network that connects brands and retailers to the authentic voices of people where they shop. Bazaarvoice was founded on the premise that the collective voice of the marketplace is the most powerful marketing tool in the world because of its influence on purchasing decisions, both online and offline. The Company’s technology platform collects, curates, and displays consumer-generated content including ratings and reviews, questions and answers, customer stories, and social posts, photos, and videos. This content is amplified across marketing channels, including category/product pages, search, brand sites, mobile applications, in-store displays, and paid and earned media, where it helps clients generate more revenue, market share, and brand affinity. The Company also helps clients leverage insights derived from consumer-generated content to improve marketing effectiveness, increase success of new product launches, improve existing products and services, effectively scale customer support, decrease product returns, and enable retailers to launch and manage on-site advertising solutions and site monetization strategies.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Fiscal Year The Company’s fiscal year end is April 30. References to fiscal year 2016 , for example, refer to the fiscal year ending April 30, 2016 . Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements and notes included herein should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2015 , filed on June 25, 2015. There have been no significant changes to the Company’s accounting policies since April 30, 2015 . The condensed consolidated balance sheet data as of April 30, 2015 was derived from the audited consolidated financial statements included in the Company’s Annual Report on form 10-K for the fiscal year ended April 30, 2015 . On July 2, 2014, the Company completed the sale of its PowerReviews business. The operating results of this business have been presented as discontinued operations for the three month period ended July 31, 2014 . The statement of cash flows is reported on a combined basis without separately presenting cash flows from discontinued operations. All other disclosures and amounts in the notes to the condensed consolidated financial statements relate to the Company’s continuing operations, unless otherwise indicated. Prior Period Financial Statements Presentation The Statement of Comprehensive Loss included in the financial statements in the Quarterly Report on Form10-Q filed for the period ended July 31, 2014 incorrectly excluded the loss from discontinued operations in Comprehensive Loss for the quarterly period ended July 31, 2014. The Company has revised the Statement of Comprehensive Loss for the period included in this financial statement. Management concluded these errors were not material to the previously issued financial statements. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to revenue recognition, allowance for doubtful accounts, income taxes, stock-based expense, accrued liabilities, useful lives of property, equipment and capitalized software development costs, among others. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from the estimates made by management with respect to these items. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and the accounts of the Company’s wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. Unaudited Interim Financial Information The accompanying unaudited condensed consolidated financial statements and notes have been prepared in accordance with GAAP, as contained in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification for interim financial information and Article 10 of Regulation S-X issued by the SEC. Accordingly, they do not include all the information and footnotes required by GAAP for annual fiscal reporting periods. In the opinion of management, the interim financial information includes all adjustments of a normal recurring nature necessary for a fair presentation of the results of operations, financial position, changes in stockholders’ equity and cash flows. The results of operations for the three months ended July 31, 2015 are not necessarily indicative of results that may be expected for the fiscal year ending April 30, 2016 or any other period. Foreign Currency Translation The U.S. dollar is the reporting currency for all periods presented. The functional currency of the Company’s foreign subsidiaries is generally the local currency. All assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the exchange rate on the balance sheet date. Revenue and expenses are translated at the average rate during the period. Equity transactions are translated using historical exchange rates. Adjustments resulting from translating foreign currency financial statements into U.S. dollars are included in other expenses, net. Foreign currency transaction gains and losses are included in net loss for the period. Derivative Financial Instruments As a result of the Company’s international operations, it is exposed to various market risks, such as fluctuations in currency exchange rates, which may affect its consolidated results of operations, cash flows and financial position. The Company’s primary foreign currency exposures are in Euros and British Pound Sterling. The Company faces exposure to adverse movements in currency exchange rates as the financial results of certain of its operations are translated from local currency into U.S. dollars upon consolidation. Additionally, foreign exchange rate fluctuations on transactions denominated in currencies other than the functional currency result in gains and losses that are reflected in income. The Company may enter into derivative instruments to hedge certain net exposures of non-U.S. dollar-denominated assets and liabilities, even though it does not elect to apply hedge accounting or hedge accounting does not apply. Gains and losses resulting from a change in fair value of these derivatives are reflected in income in the period in which the change occurs and are recognized on the condensed consolidated statement of operations in other income (expense). Cash flows from these contracts are classified within net cash used in operating activities on the condensed consolidated statements of cash flows. The Company does not use financial instruments for trading or speculative purposes. The Company recognizes all derivative instruments on the balance sheet at fair value, and its derivative instruments are generally short-term in duration. Derivative contracts were not material as of July 31, 2015 and April 30, 2015 . The Company is exposed to the risk that counterparties to derivative contracts may fail to meet their contractual obligations. Fair Value of Financial Instruments The carrying amounts of the Company’s financial instruments, including cash equivalents, accounts receivable, accounts payable and accrued liabilities, approximate their respective fair values due to their short-term nature. The Company applies the authoritative guidance on fair value measurements for financial assets and liabilities. The guidance defines fair value and increases disclosures surrounding fair value calculations. The guidance establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows: Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets accessible by the Company. Level 2: Inputs that are observable in the marketplace other than those inputs classified as Level 1. Level 3: Inputs that are unobservable in the marketplace which require the Company to develop its own assumptions. The valuation techniques used to determine the fair value of our financial instruments having Level 2 inputs are valued using unadjusted, non-binding market consensus prices that are corroborated by observable market data, quoted market prices for similar instruments, or pricing models. Our procedures include controls to ensure that appropriate fair values are recorded by a review of the valuation methods and assumptions. The Company did not hold any cash equivalents, restricted cash or short-term investments categorized as Level 3 as of July 31, 2015 or April 30, 2015. Concentrations of Credit Risk and Significant Customers Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and account receivables. The Company’s cash and cash equivalents are placed with high-credit-quality financial institutions and issuers, and at times may exceed federally insured limits. The Company has not experienced any loss relating to cash and cash equivalents in these accounts to date. The Company maintains an allowance for doubtful accounts receivable balances, performs periodic credit evaluations of its clients and generally does not require collateral of its clients. No single client accounted for 10% or more of accounts receivable as of July 31, 2015 or April 30, 2015 . No single client accounted for 10% or more of total revenue for the three months ended July 31, 2015 or 2014 . Revenue Recognition In general, the Company recognizes revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered to the client, (iii) the fee is fixed or determinable and (iv) collectability is reasonably assured. The Company generates revenue primarily from sales of the following services: Software as a Service (“SaaS”) The Company generates SaaS revenue from two sources: 1) various subscription products; and 2) professional services. Subscription revenue includes subscription fees from clients accessing the Company’s cloud-based social commerce platform and application services pursuant to service agreements that are generally one year in length. Professional services consist of fees associated with providing expert services that educate and assist clients on the best use of the Company’s solutions as well as assist in the implementation of the solutions. Professional services are not required for clients to utilize the Company’s solutions. The client does not have the right to take possession of the software supporting the application service at any time, nor do the arrangements contain general rights of return. Multiple Deliverable Arrangements Typically, revenue from new clients consist of agreements with multiple elements, comprised of subscription fees for the Company’s products and professional services. The Company evaluates each element in a multiple-element arrangement to determine whether it represents a separate unit of accounting. An element constitutes a separate unit of accounting when the delivered item has standalone value and delivery of the undelivered element is probable and within the Company’s control. Various subscription-based products have standalone value because they are routinely sold separately by the Company. In determining whether professional services can be accounted for separately from subscription services, the Company considered the availability of the professional services from other vendors, the nature of the Company’s professional services and whether the Company sells its applications to new clients without professional services. The majority of the Company’s professional services contracts are offered on a time and material basis. When these services are not combined with subscription and support revenue in a multiple-element arrangement, services revenue is recognized as the services are rendered. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables over the respective service period. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are generally combined with the final deliverable within the arrangement and treated as a single unit of accounting. Revenue for arrangements treated as a single unit of accounting is generally recognized over the period commencing upon delivery of the final deliverable and over the remaining term of the subscription contract. The Company allocates revenue to each element in an arrangement based on a selling price hierarchy. The selling price for a deliverable is based on its vendor-specific objective evidence (“VSOE”), if available, third-party evidence (“TPE”), if VSOE is not available, or best estimated selling price (“BESP”), if neither VSOE nor TPE is available. Because the Company has been unable to establish VSOE or TPE for the elements of our arrangements, the Company allocates the arrangement fee to the separate units of accounting based on the Company’s best estimate of selling price. The Company determines BESP price for its deliverables based on the Company’s overall pricing objectives, discounting practices, the size and volume of the Company’s transactions, the client demographic, the Company’s price lists, the Company’s go-to-market strategy, historical standalone sales and contract prices. The determination of BESP is made through consultation with and approval by management, taking into consideration the go-to-market strategy. As the Company’s go-to-market strategies evolve, the Company may modify its pricing practices in the future, which could result in changes in relative selling prices, including both VSOE and BESP. Subscription revenue is recognized ratably over the term of the related agreement, commencing upon the later of the agreement start date or when all revenue recognition criteria have been met. Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. Advertising Advertising revenue (formerly referred to as media revenue) consists primarily of fees charged to advertisers when their advertisements are displayed on websites owned by various third-parties (“Publishers”). The Company has revenue sharing agreements with these Publishers. The Company receives a fee from the advertisers and pay the Publishers based on their contractual revenue-share. Advertising revenues earned from the advertisers are recognized on a net basis as the Company has determined that it is acting as an agent in these transactions. Deferred Revenue Deferred revenue consists of billings or payments received in advance of revenue recognition and is recognized as the revenue recognition criteria are met. The Company invoices clients in a variety of installments and, consequently, the deferred revenue balance does not represent the total contract value of its non-cancelable subscription agreements. Deferred revenue that will be recognized during the succeeding 12-month period is recorded as current deferred revenue and the remaining portion is recorded as non-current deferred revenue. Recent Accounting Pronouncements Intangibles – Goodwill and Other – Internal Use Software In April 2015, the FASB issued accounting Standards Update 2015-05, “Intangible-Goodwill and Other-Internal Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” (“ASU 2015-05”) which provides guidance to customers with cloud computing arrangements that include a software license. If a cloud computing arrangement includes a software license, the customer is required to account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. ASU 2015-05 does not change the accounting for a customer’s accounting for service contracts. As a result of the ASU 2015-05, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. The updated guidance will be effective for annual periods beginning after December 15, 2015 with early adoption permitted. The updated guidance will be effective for the fiscal year ending April 30, 2017 and the Company is currently evaluating the impact of this standards update on the Company’s consolidated financial statements. Revenue In May 2014, the FASB issued Accounting Standards Update 2014-09, “Revenue from Contracts with Customers,” (“ASU 2014-09”) which provides updated, comprehensive revenue recognition guidance for contracts with customers, including a new principles-based five step framework that eliminates much of the industry-specific guidance in current accounting literature. Under ASU 2014-09, revenue recognition is based on a core principle that companies recognize revenue in an amount consistent with the consideration it expects to be entitled to in exchange for the transfer of goods or services. The standards update also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of recognized revenue. In August 2015, The FASB issued Accounting Standards Update 2015-14, "Revenue from Contracts with Customers," ("ASU 2015-14") which defers the effective date of ASU 2014-09 by one year. The updated guidance will be effective for annual periods beginning after December 15, 2017 and may be applied on either a full or modified retrospective basis. Early adoption is permitted for annual periods beginning after December 15, 2016, the original effective date of ASU 2014-09. The updated guidance will be effective for the fiscal year ending April 30, 2019 and the Company is currently evaluating the impact of this standards update on the Company’s condensed consolidated financial statements.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Jul. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On June 4, 2014, the Company entered into a definitive agreement to divest the assets of PowerReviews, Inc. (“PowerReviews”), pursuant to a Joint Stipulation with the Department of Justice and Order to the U.S. District Court for the Northern District of California, San Francisco Division, for $30.0 million in cash, $4.5 million of which was held in escrow as a partial security for the Company’s indemnification obligations under the definitive agreement. As a result, PowerReviews revenues, related expenses and loss on disposal, net of tax, are components of “loss from discontinued operations, net of tax” in the condensed consolidated statements of operations. Any reduction in proceeds of the escrow related to the divestiture agreement would be recorded as an additional loss. The statement of cash flows is reported on a combined basis without separately presenting cash flows from discontinued operations for all periods presented. Results from discontinued operations were as follows (in thousands): Three Months Ended July 31, 2015 2014 Revenues from discontinued operations $ — $ 2,535 Income from discontinued operations before income taxes $ — $ 303 Income tax expense — 23 Net income from discontinued operations — 280 Loss on disposal of discontinued operations, net of tax — (1,537 ) Loss from discontinued operations, net of tax $ — $ (1,257 ) The Company recorded a loss on the disposal of discontinued operations of $1.5 million , net of tax, in the three months ended July 31, 2014 which was calculated as follows (in thousands): Cash consideration $ 30,000 Less: Basis in net assets as of July 2, 2014 39,972 Costs incurred directly attributable to the transaction 1,039 Loss before income taxes (11,011 ) Income tax benefit (282 ) Loss on disposal of discontinued operations, net of taxes (10,729 ) Loss on disposal of discontinued operations, net of taxes, previously recognized 9,192 Loss on disposal of discontinued operations, net of tax, recognized in current period $ (1,537 ) As of July 31, 2015 there were no ‘assets held for sale’ as the divestiture of the PowerReviews business was completed on July 2, 2014. The $4.5 million held in escrow was released during the three months ended July 31, 2015 , and the Company received no claims for indemnification under the definitive agreement.

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities	3 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities	Fair Value of Financial Assets and Liabilities The following table summarizes the Company’s cash and cash equivalents as of July 31, 2015 and April 30, 2015 (in thousands): July 31, April 30, Demand deposit accounts $ 40,873 $ 49,977 Money market funds 4,210 2,831 Commercial paper 6,770 875 Corporate bonds — 256 Municipal bonds 1,597 102 Total cash and cash equivalents $ 53,450 $ 54,041 The following table summarizes the Company’s short-term investments as of July 31, 2015 (in thousands): Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: Certificates of deposit $ 4,503 $ 7 $ — $ 4,510 Municipal bonds 636 5 — 641 Commercial paper 3,791 7 — 3,798 U.S. Treasury notes 23,814 3 (27 ) 23,790 U.S. Treasury bonds 10,001 1 (3 ) 9,999 Corporate notes 1,807 — (1 ) 1,806 Corporate bonds 5,145 20 (13 ) 5,152 Total short-term investments $ 49,697 $ 43 $ (44 ) $ 49,696 The following table summarizes the Company’s short-term investments as of April 30, 2015 (in thousands): Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: Certificates of deposit $ 4,000 $ 4 $ — $ 4,004 Municipal bonds 4,564 17 (16 ) 4,565 Commercial paper 6,269 4 — 6,273 U.S. Treasury notes 23,820 1 (12 ) 23,809 U.S. Treasury bonds 5,001 — (2 ) 4,999 Corporate notes 2,709 1 (2 ) 2,708 Corporate bonds 6,395 3 (26 ) 6,372 Total short-term investments $ 52,758 $ 30 $ (58 ) $ 52,730 Realized and unrealized gains and losses on short-term investments were not material for the three months ended July 31, 2015 and 2014 . An impairment charge is recorded in the consolidated statements of operations for declines in fair value below the cost of an individual investment that are deemed to be other-than-temporary. The Company assesses whether a decline in value is temporary based on the length of time that the fair market value has been below cost, the severity of the decline, as well as the intent and ability to hold, or plans to sell, the investment. There have been no impairment charges recognized related to short-term investments for the three months ended July 31, 2015 and 2014 . Contractual maturities of available-for-sale securities at July 31, 2015 , are as follows (in thousands): Estimated Fair Value Due in one year or less $ 44,695 Due in 1-2 years 5,001 Total Investments in debt securities $ 49,696 Actual maturities may differ from contractual maturities because some borrowers have the right to call or prepay obligations with or without call or prepayment penalties. We may sell these securities at any time for use in current operations or for other purposes, such as consideration for acquisitions, even if they have not yet reached maturity. As a result, we classify our investments, including securities with maturities beyond twelve months as current assets in the accompanying condensed consolidated balance sheets. The following table summarizes the fair value of the Company’s financial assets and liabilities that were measured on a recurring basis as of July 31, 2015 and April 30, 2015 (in thousands): Fair Value Measurements at July 31, 2015 Fair Value Measurements at April 30, 2015 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 4,210 $ — $ — $ 4,210 $ 2,831 $ — $ — $ 2,831 Municipal bonds — 1,597 — 1,597 — 102 — 102 Commercial paper — 6,770 — 6,770 — 875 — 875 Corporate bonds — — — — — 256 — 256 Total cash equivalents 4,210 8,367 — 12,577 2,831 1,233 — 4,064 Short-term investments: Certificates of deposit — 4,510 — 4,510 — 4,004 — 4,004 Municipal bonds — 641 — 641 — 4,565 — 4,565 Commercial paper — 3,798 — 3,798 — 6,273 — 6,273 U.S. Treasury notes 23,790 — — 23,790 23,809 — — 23,809 U.S. Treasury bonds 9,999 — — 9,999 4,999 — — 4,999 Corporate notes — 1,806 — 1,806 — 2,708 — 2,708 Corporate bonds — 5,152 — 5,152 — 6,372 — 6,372 Total short-term investments 33,789 15,907 — 49,696 28,808 23,922 — 52,730 Total assets $ 37,999 $ 24,274 $ — $ 62,273 $ 31,639 $ 25,155 $ — $ 56,794 The Company measures certain assets, including property and equipment, goodwill and intangible assets, at fair value on a non-recurring basis. These assets are recognized at fair value when they are deemed to be other than temporarily impaired. The Company evaluates transfers between levels at the end of the fiscal year and assumes that any identified transfers are deemed to have occurred at the end of the reporting year. There were no transfers between levels in any of the periods presented.

Acquired Intangible Assets, net

Acquired Intangible Assets, net	3 Months Ended
	Jul. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets, net	Acquired Intangible Assets, net Acquired intangible assets, net, as of July 31, 2015 and April 30, 2015 for continuing operations are as follows (in thousands): July 31, April 30, Gross Fair Value Accumulated Amortization Net Book Value Gross Fair Value Accumulated Amortization Net Book Value Customer relationships $ 11,835 $ (3,230 ) $ 8,605 $ 11,835 $ (2,921 ) $ 8,914 Developed technology 3,265 (845 ) 2,420 3,265 (681 ) 2,584 Total $ 15,100 $ (4,075 ) $ 11,025 $ 15,100 $ (3,602 ) $ 11,498 The amortization of customer relationships is recorded as amortization expense and the amortization for developed technology is amortized to cost of revenue. The following table presents our estimate of future amortization expense for definite-lived intangible assets (in thousands): Fiscal period: Amount Remaining nine months of Fiscal year 2016 $ 1,417 Fiscal year 2017 1,890 Fiscal year 2018 1,890 Fiscal year 2019 1,856 Fiscal year 2020 1,130 Thereafter 2,842 Total $ 11,025

Income Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company computes its interim provision for income taxes by applying the estimated annual effective tax rate to income from operations and adjusts the provision for discrete tax items occurring in the period. For continuing operations, the Company’s effective tax rate for the three months ended July 31, 2015 was a benefit of 0.9 percent compared to a benefit of 0.1 percent for the three months ended July 31, 2014 . The tax benefit for the three months ended July 31, 2015 was primarily attributable to foreign and state income tax expense, with an offset from the income tax benefit from the Texas research and development credit. During the three months ended July 31, 2014 , the foreign and state income tax expense was primarily offset by the income tax benefit from the Texas state research and development credit.

Debt

Debt	3 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Debt	Debt Credit Facility On July 18, 2007, the Company entered into a loan and security agreement with Comerica Bank which was most recently amended and restated on November 21, 2014. The Amended and Restated Credit Facility (the “Credit Facility”) provides for a secured, revolving line of credit of up to $70.0 million , with a sublimit of $3.0 million for the incurrence of swingline loans and a sublimit of $15.0 million for the issuance of letters of credit. Borrowings under the Credit Facility are collateralized by substantially all assets of the Company and of its U.S. subsidiaries. The revolving line of credit bears interest at the adjusted LIBOR rate plus 3.5% . Availability under the Credit Facility was $3.7 million as of July 31, 2015 and April 30, 2015 . The Company had letters of credit outstanding of $9.3 million as of July 31, 2015. The Credit Facility expires on November 21, 2017 with all advances immediately due and payable. As of July 31, 2015 , the Company was not compliant with a non-financial covenant of the Credit Facility. On August 26, 2015, the Company received a waiver from Comerica Bank and expects to be compliant in subsequent periods. The non-compliance had no impact on the Company’s condensed consolidated financial statements. The Company was in compliance with all financial covenants contained in the Credit Facility as of July 31, 2015 . The Company incurred $0.7 million of fees in connection with the Amended and Restated Credit Facility which were capitalized and are being amortized to interest expense using the straight-line method, which approximates the effective interest method, over the life of the Credit Facility. The Company incurred amortization expense on deferred financing costs of $0.1 million for the three months ended July 31, 2015. There was no deferred financing cost amortization for the three months ended July 31, 2014.

Net Loss Per Share Applicable t

Net Loss Per Share Applicable to Common Stockholders	3 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Net Loss Per Share Applicable to Common Stockholders	Net Loss Per Share Applicable to Common Stockholders The following table sets forth the computations of net loss per share applicable to common stockholders for the three months ended July 31, 2015 and 2014 , respectively (in thousands, except net loss per share data): Three Months Ended July 31, 2015 2014 Net loss from continuing operations $ (10,244 ) $ (10,308 ) Net loss from discontinued operations, net of tax — (1,257 ) Net loss applicable to common stockholders $ (10,244 ) $ (11,565 ) Basic and diluted loss per share Continuing operations $ (0.13 ) $ (0.13 ) Discontinued operations — (0.02 ) Basic and diluted loss per share: $ (0.13 ) $ (0.15 ) Basic and diluted weighted average number of shares outstanding 80,174 77,766 Potentially dilutive securities (1) : Outstanding stock options 324 922 Restricted shares 58 170 (1) The impact of potentially dilutive securities on earnings per share is anti-dilutive in a period of net loss.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company may be subject to various legal proceedings and claims including alleged infringement of third-party patents and other intellectual property rights. The Company reviews the status of each matter and records a provision for a liability when it is considered both probable that a liability has been incurred and that the amount of the loss can be reasonably estimated. Legal fees incurred in connection with loss contingencies are recognized as incurred when the legal services are provided, and therefore are not recognized as a part of a loss contingency accrual. These provisions are reviewed quarterly and adjusted as additional information becomes available. We are subject to audit in various jurisdictions, and such jurisdictions may assess additional income and sales tax liabilities against us. Although we believe our tax estimates are reasonable, the final outcome of tax audits and any related litigation could be materially different from our historical income and sales tax provisions and accruals. Developments in an audit or litigation could have a material effect on our operating results or cash flows in the period or periods for which that development occurs, as well as for prior and subsequent periods. As of July 31, 2015 , the Company was in the process of assessing the sales tax status of the Bazaarvoice enterprise service offering with sales tax agencies in certain states in which it operates. For these states, the Company has accrued a liability of $0.6 million , representing the best estimate of sales tax obligations it believes is probable to be incurred. On November 13, 2014, the Company entered into a lease (the “Lease”), pursuant to which the Company will lease approximately 137,615 square feet of office space in Austin, Texas. This will serve as the new headquarters of the Company and will be used for general office purposes. The term of the Lease commences on January 1, 2016 unless otherwise modified (“Commencement Date”) and terminates approximately ten years and six months after the Commencement Date. The Company has the option to extend the term of the Lease for up to two successive periods of five years each and the Company was required to obtain a stand by letter of credit of $8.0 million as a security deposit for the Lease. The expected lease payments for the original term are estimated to be approximately $0.3 million for fiscal year ended April 30, 2016, $3.8 million for fiscal year ended April 30, 2017, $3.8 million for fiscal year ended April 30, 2018, $3.9 million for fiscal year ended April 30, 2019, $4.0 million for the fiscal year ended April 30, 2020 and $25.9 million for the fiscal years ended April 30 th thereafter.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Fiscal Year	Fiscal Year The Company’s fiscal year end is April 30. References to fiscal year 2016 , for example, refer to the fiscal year ending April 30, 2016 .
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements and notes included herein should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2015 , filed on June 25, 2015. There have been no significant changes to the Company’s accounting policies since April 30, 2015 . The condensed consolidated balance sheet data as of April 30, 2015 was derived from the audited consolidated financial statements included in the Company’s Annual Report on form 10-K for the fiscal year ended April 30, 2015 . On July 2, 2014, the Company completed the sale of its PowerReviews business. The operating results of this business have been presented as discontinued operations for the three month period ended July 31, 2014 . The statement of cash flows is reported on a combined basis without separately presenting cash flows from discontinued operations. All other disclosures and amounts in the notes to the condensed consolidated financial statements relate to the Company’s continuing operations, unless otherwise indicated.
Prior Period Financial Statements Presentation	Prior Period Financial Statements Presentation The Statement of Comprehensive Loss included in the financial statements in the Quarterly Report on Form10-Q filed for the period ended July 31, 2014 incorrectly excluded the loss from discontinued operations in Comprehensive Loss for the quarterly period ended July 31, 2014. The Company has revised the Statement of Comprehensive Loss for the period included in this financial statement. Management concluded these errors were not material to the previously issued financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to revenue recognition, allowance for doubtful accounts, income taxes, stock-based expense, accrued liabilities, useful lives of property, equipment and capitalized software development costs, among others. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ from the estimates made by management with respect to these items.
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and the accounts of the Company’s wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation.
Unaudited Interim Financial Information	Unaudited Interim Financial Information The accompanying unaudited condensed consolidated financial statements and notes have been prepared in accordance with GAAP, as contained in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification for interim financial information and Article 10 of Regulation S-X issued by the SEC. Accordingly, they do not include all the information and footnotes required by GAAP for annual fiscal reporting periods. In the opinion of management, the interim financial information includes all adjustments of a normal recurring nature necessary for a fair presentation of the results of operations, financial position, changes in stockholders’ equity and cash flows. The results of operations for the three months ended July 31, 2015 are not necessarily indicative of results that may be expected for the fiscal year ending April 30, 2016 or any other period.
Foreign Currency Translation	Foreign Currency Translation The U.S. dollar is the reporting currency for all periods presented. The functional currency of the Company’s foreign subsidiaries is generally the local currency. All assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the exchange rate on the balance sheet date. Revenue and expenses are translated at the average rate during the period. Equity transactions are translated using historical exchange rates. Adjustments resulting from translating foreign currency financial statements into U.S. dollars are included in other expenses, net. Foreign currency transaction gains and losses are included in net loss for the period.
Derivative Financial Instruments	Derivative Financial Instruments As a result of the Company’s international operations, it is exposed to various market risks, such as fluctuations in currency exchange rates, which may affect its consolidated results of operations, cash flows and financial position. The Company’s primary foreign currency exposures are in Euros and British Pound Sterling. The Company faces exposure to adverse movements in currency exchange rates as the financial results of certain of its operations are translated from local currency into U.S. dollars upon consolidation. Additionally, foreign exchange rate fluctuations on transactions denominated in currencies other than the functional currency result in gains and losses that are reflected in income. The Company may enter into derivative instruments to hedge certain net exposures of non-U.S. dollar-denominated assets and liabilities, even though it does not elect to apply hedge accounting or hedge accounting does not apply. Gains and losses resulting from a change in fair value of these derivatives are reflected in income in the period in which the change occurs and are recognized on the condensed consolidated statement of operations in other income (expense). Cash flows from these contracts are classified within net cash used in operating activities on the condensed consolidated statements of cash flows. The Company does not use financial instruments for trading or speculative purposes. The Company recognizes all derivative instruments on the balance sheet at fair value, and its derivative instruments are generally short-term in duration. Derivative contracts were not material as of July 31, 2015 and April 30, 2015 . The Company is exposed to the risk that counterparties to derivative contracts may fail to meet their contractual obligations.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts of the Company’s financial instruments, including cash equivalents, accounts receivable, accounts payable and accrued liabilities, approximate their respective fair values due to their short-term nature. The Company applies the authoritative guidance on fair value measurements for financial assets and liabilities. The guidance defines fair value and increases disclosures surrounding fair value calculations. The guidance establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows: Level 1: Unadjusted quoted prices for identical assets or liabilities in active markets accessible by the Company. Level 2: Inputs that are observable in the marketplace other than those inputs classified as Level 1. Level 3: Inputs that are unobservable in the marketplace which require the Company to develop its own assumptions. The valuation techniques used to determine the fair value of our financial instruments having Level 2 inputs are valued using unadjusted, non-binding market consensus prices that are corroborated by observable market data, quoted market prices for similar instruments, or pricing models. Our procedures include controls to ensure that appropriate fair values are recorded by a review of the valuation methods and assumptions. The Company did not hold any cash equivalents, restricted cash or short-term investments categorized as Level 3 as of July 31, 2015 or April 30, 2015.
Concentrations of Credit Risk and Significant Customers	Concentrations of Credit Risk and Significant Customers Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and account receivables. The Company’s cash and cash equivalents are placed with high-credit-quality financial institutions and issuers, and at times may exceed federally insured limits. The Company has not experienced any loss relating to cash and cash equivalents in these accounts to date. The Company maintains an allowance for doubtful accounts receivable balances, performs periodic credit evaluations of its clients and generally does not require collateral of its clients.
Revenue Recognition	Revenue Recognition In general, the Company recognizes revenue when (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred or services have been rendered to the client, (iii) the fee is fixed or determinable and (iv) collectability is reasonably assured. The Company generates revenue primarily from sales of the following services: Software as a Service (“SaaS”) The Company generates SaaS revenue from two sources: 1) various subscription products; and 2) professional services. Subscription revenue includes subscription fees from clients accessing the Company’s cloud-based social commerce platform and application services pursuant to service agreements that are generally one year in length. Professional services consist of fees associated with providing expert services that educate and assist clients on the best use of the Company’s solutions as well as assist in the implementation of the solutions. Professional services are not required for clients to utilize the Company’s solutions. The client does not have the right to take possession of the software supporting the application service at any time, nor do the arrangements contain general rights of return. Multiple Deliverable Arrangements Typically, revenue from new clients consist of agreements with multiple elements, comprised of subscription fees for the Company’s products and professional services. The Company evaluates each element in a multiple-element arrangement to determine whether it represents a separate unit of accounting. An element constitutes a separate unit of accounting when the delivered item has standalone value and delivery of the undelivered element is probable and within the Company’s control. Various subscription-based products have standalone value because they are routinely sold separately by the Company. In determining whether professional services can be accounted for separately from subscription services, the Company considered the availability of the professional services from other vendors, the nature of the Company’s professional services and whether the Company sells its applications to new clients without professional services. The majority of the Company’s professional services contracts are offered on a time and material basis. When these services are not combined with subscription and support revenue in a multiple-element arrangement, services revenue is recognized as the services are rendered. If the deliverables have standalone value upon delivery, the Company accounts for each deliverable separately and revenue is recognized for the respective deliverables over the respective service period. If one or more of the deliverables does not have standalone value upon delivery, the deliverables that do not have standalone value are generally combined with the final deliverable within the arrangement and treated as a single unit of accounting. Revenue for arrangements treated as a single unit of accounting is generally recognized over the period commencing upon delivery of the final deliverable and over the remaining term of the subscription contract. The Company allocates revenue to each element in an arrangement based on a selling price hierarchy. The selling price for a deliverable is based on its vendor-specific objective evidence (“VSOE”), if available, third-party evidence (“TPE”), if VSOE is not available, or best estimated selling price (“BESP”), if neither VSOE nor TPE is available. Because the Company has been unable to establish VSOE or TPE for the elements of our arrangements, the Company allocates the arrangement fee to the separate units of accounting based on the Company’s best estimate of selling price. The Company determines BESP price for its deliverables based on the Company’s overall pricing objectives, discounting practices, the size and volume of the Company’s transactions, the client demographic, the Company’s price lists, the Company’s go-to-market strategy, historical standalone sales and contract prices. The determination of BESP is made through consultation with and approval by management, taking into consideration the go-to-market strategy. As the Company’s go-to-market strategies evolve, the Company may modify its pricing practices in the future, which could result in changes in relative selling prices, including both VSOE and BESP. Subscription revenue is recognized ratably over the term of the related agreement, commencing upon the later of the agreement start date or when all revenue recognition criteria have been met. Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. Advertising Advertising revenue (formerly referred to as media revenue) consists primarily of fees charged to advertisers when their advertisements are displayed on websites owned by various third-parties (“Publishers”). The Company has revenue sharing agreements with these Publishers. The Company receives a fee from the advertisers and pay the Publishers based on their contractual revenue-share. Advertising revenues earned from the advertisers are recognized on a net basis as the Company has determined that it is acting as an agent in these transactions.
Deferred Revenue	Deferred Revenue Deferred revenue consists of billings or payments received in advance of revenue recognition and is recognized as the revenue recognition criteria are met. The Company invoices clients in a variety of installments and, consequently, the deferred revenue balance does not represent the total contract value of its non-cancelable subscription agreements. Deferred revenue that will be recognized during the succeeding 12-month period is recorded as current deferred revenue and the remaining portion is recorded as non-current deferred revenue.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Intangibles – Goodwill and Other – Internal Use Software In April 2015, the FASB issued accounting Standards Update 2015-05, “Intangible-Goodwill and Other-Internal Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” (“ASU 2015-05”) which provides guidance to customers with cloud computing arrangements that include a software license. If a cloud computing arrangement includes a software license, the customer is required to account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. ASU 2015-05 does not change the accounting for a customer’s accounting for service contracts. As a result of the ASU 2015-05, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. The updated guidance will be effective for annual periods beginning after December 15, 2015 with early adoption permitted. The updated guidance will be effective for the fiscal year ending April 30, 2017 and the Company is currently evaluating the impact of this standards update on the Company’s consolidated financial statements. Revenue In May 2014, the FASB issued Accounting Standards Update 2014-09, “Revenue from Contracts with Customers,” (“ASU 2014-09”) which provides updated, comprehensive revenue recognition guidance for contracts with customers, including a new principles-based five step framework that eliminates much of the industry-specific guidance in current accounting literature. Under ASU 2014-09, revenue recognition is based on a core principle that companies recognize revenue in an amount consistent with the consideration it expects to be entitled to in exchange for the transfer of goods or services. The standards update also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of recognized revenue. In August 2015, The FASB issued Accounting Standards Update 2015-14, "Revenue from Contracts with Customers," ("ASU 2015-14") which defers the effective date of ASU 2014-09 by one year. The updated guidance will be effective for annual periods beginning after December 15, 2017 and may be applied on either a full or modified retrospective basis. Early adoption is permitted for annual periods beginning after December 15, 2016, the original effective date of ASU 2014-09. The updated guidance will be effective for the fiscal year ending April 30, 2019 and the Company is currently evaluating the impact of this standards update on the Company’s condensed consolidated financial statements.

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Jul. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Results from Discontinued Operations	Results from discontinued operations were as follows (in thousands): Three Months Ended July 31, 2015 2014 Revenues from discontinued operations $ — $ 2,535 Income from discontinued operations before income taxes $ — $ 303 Income tax expense — 23 Net income from discontinued operations — 280 Loss on disposal of discontinued operations, net of tax — (1,537 ) Loss from discontinued operations, net of tax $ — $ (1,257 )
Calculation of Loss on Disposal of Discontinued Operations	The Company recorded a loss on the disposal of discontinued operations of $1.5 million , net of tax, in the three months ended July 31, 2014 which was calculated as follows (in thousands): Cash consideration $ 30,000 Less: Basis in net assets as of July 2, 2014 39,972 Costs incurred directly attributable to the transaction 1,039 Loss before income taxes (11,011 ) Income tax benefit (282 ) Loss on disposal of discontinued operations, net of taxes (10,729 ) Loss on disposal of discontinued operations, net of taxes, previously recognized 9,192 Loss on disposal of discontinued operations, net of tax, recognized in current period $ (1,537 )

Fair Value of Financial Asset19

Fair Value of Financial Assets and Liabilities (Tables)	3 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Summary of Cash and Cash Equivalents	The following table summarizes the Company’s cash and cash equivalents as of July 31, 2015 and April 30, 2015 (in thousands): July 31, April 30, Demand deposit accounts $ 40,873 $ 49,977 Money market funds 4,210 2,831 Commercial paper 6,770 875 Corporate bonds — 256 Municipal bonds 1,597 102 Total cash and cash equivalents $ 53,450 $ 54,041
Summary of Short-Term Investments	The following table summarizes the Company’s short-term investments as of July 31, 2015 (in thousands): Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: Certificates of deposit $ 4,503 $ 7 $ — $ 4,510 Municipal bonds 636 5 — 641 Commercial paper 3,791 7 — 3,798 U.S. Treasury notes 23,814 3 (27 ) 23,790 U.S. Treasury bonds 10,001 1 (3 ) 9,999 Corporate notes 1,807 — (1 ) 1,806 Corporate bonds 5,145 20 (13 ) 5,152 Total short-term investments $ 49,697 $ 43 $ (44 ) $ 49,696 The following table summarizes the Company’s short-term investments as of April 30, 2015 (in thousands): Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: Certificates of deposit $ 4,000 $ 4 $ — $ 4,004 Municipal bonds 4,564 17 (16 ) 4,565 Commercial paper 6,269 4 — 6,273 U.S. Treasury notes 23,820 1 (12 ) 23,809 U.S. Treasury bonds 5,001 — (2 ) 4,999 Corporate notes 2,709 1 (2 ) 2,708 Corporate bonds 6,395 3 (26 ) 6,372 Total short-term investments $ 52,758 $ 30 $ (58 ) $ 52,730
Contractual Maturities of Available-for-Sale Debt Securities	Contractual maturities of available-for-sale securities at July 31, 2015 , are as follows (in thousands): Estimated Fair Value Due in one year or less $ 44,695 Due in 1-2 years 5,001 Total Investments in debt securities $ 49,696
Summary of Fair Value of Financial Assets and Liabilities	The following table summarizes the fair value of the Company’s financial assets and liabilities that were measured on a recurring basis as of July 31, 2015 and April 30, 2015 (in thousands): Fair Value Measurements at July 31, 2015 Fair Value Measurements at April 30, 2015 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 4,210 $ — $ — $ 4,210 $ 2,831 $ — $ — $ 2,831 Municipal bonds — 1,597 — 1,597 — 102 — 102 Commercial paper — 6,770 — 6,770 — 875 — 875 Corporate bonds — — — — — 256 — 256 Total cash equivalents 4,210 8,367 — 12,577 2,831 1,233 — 4,064 Short-term investments: Certificates of deposit — 4,510 — 4,510 — 4,004 — 4,004 Municipal bonds — 641 — 641 — 4,565 — 4,565 Commercial paper — 3,798 — 3,798 — 6,273 — 6,273 U.S. Treasury notes 23,790 — — 23,790 23,809 — — 23,809 U.S. Treasury bonds 9,999 — — 9,999 4,999 — — 4,999 Corporate notes — 1,806 — 1,806 — 2,708 — 2,708 Corporate bonds — 5,152 — 5,152 — 6,372 — 6,372 Total short-term investments 33,789 15,907 — 49,696 28,808 23,922 — 52,730 Total assets $ 37,999 $ 24,274 $ — $ 62,273 $ 31,639 $ 25,155 $ — $ 56,794

Acquired Intangible Assets, n20

Acquired Intangible Assets, net (Tables)	3 Months Ended
	Jul. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets, Net	Acquired intangible assets, net, as of July 31, 2015 and April 30, 2015 for continuing operations are as follows (in thousands): July 31, April 30, Gross Fair Value Accumulated Amortization Net Book Value Gross Fair Value Accumulated Amortization Net Book Value Customer relationships $ 11,835 $ (3,230 ) $ 8,605 $ 11,835 $ (2,921 ) $ 8,914 Developed technology 3,265 (845 ) 2,420 3,265 (681 ) 2,584 Total $ 15,100 $ (4,075 ) $ 11,025 $ 15,100 $ (3,602 ) $ 11,498
Estimate of Future Amortization Expense for Definite-Lived Intangible Assets	The following table presents our estimate of future amortization expense for definite-lived intangible assets (in thousands): Fiscal period: Amount Remaining nine months of Fiscal year 2016 $ 1,417 Fiscal year 2017 1,890 Fiscal year 2018 1,890 Fiscal year 2019 1,856 Fiscal year 2020 1,130 Thereafter 2,842 Total $ 11,025

Net Loss Per Share Applicable21

Net Loss Per Share Applicable to Common Stockholders (Tables)	3 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Computations of Loss per Share Applicable to Common Stockholders	The following table sets forth the computations of net loss per share applicable to common stockholders for the three months ended July 31, 2015 and 2014 , respectively (in thousands, except net loss per share data): Three Months Ended July 31, 2015 2014 Net loss from continuing operations $ (10,244 ) $ (10,308 ) Net loss from discontinued operations, net of tax — (1,257 ) Net loss applicable to common stockholders $ (10,244 ) $ (11,565 ) Basic and diluted loss per share Continuing operations $ (0.13 ) $ (0.13 ) Discontinued operations — (0.02 ) Basic and diluted loss per share: $ (0.13 ) $ (0.15 ) Basic and diluted weighted average number of shares outstanding 80,174 77,766 Potentially dilutive securities (1) : Outstanding stock options 324 922 Restricted shares 58 170 (1) The impact of potentially dilutive securities on earnings per share is anti-dilutive in a period of net loss.

Summary of Significant Accoun22

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended
	Jul. 31, 2015Customerrevenue_source	Jul. 31, 2014Customer	Apr. 30, 2015Customer
Accounting Policies [Abstract]
Number of clients that accounted for more than 10% of account receivables	0		0
Number of clients that accounted for more than 10% of revenue	0	0
Software as a Service (“SaaS”)
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenue sources | revenue_source	2
Service agreement period	1 year

Discontinued Operations - Addit

Discontinued Operations - Additional Information (Detail) - USD ($)	Jun. 04, 2014	Jul. 31, 2015	Jul. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Proceeds from disposition	$ 30,000,000		$ 30,000,000
Amount that will be placed into escrow as partial security for the Company's indemnification obligations	$ 4,500,000
Loss on disposal of discontinued operations, net of tax, recognized in current period		$ 0	$ (1,537,000)
Assets held for sale		0
Claims for indemnification received		$ 0

Discontinued Operations - Resul

Discontinued Operations - Results from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Revenues from discontinued operations	$ 0	$ 2,535
Income from discontinued operations before income taxes	0	303
Income tax expense	0	23
Net income from discontinued operations	0	280
Loss on disposal of discontinued operations, net of tax	0	(1,537)
Loss from discontinued operations, net of tax	$ 0	$ (1,257)

Discontinued Operations - Loss

Discontinued Operations - Loss on Disposal (Details) - USD ($) $ in Thousands	Jun. 04, 2014	Jul. 31, 2015	Jul. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Cash consideration	$ 30,000		$ 30,000
Basis in net assets as of July 2, 2014			39,972
Costs incurred directly attributable to the transaction			1,039
Loss before income taxes			(11,011)
Income tax benefit			(282)
Loss on disposal of discontinued operations, net of taxes			(10,729)
Loss on disposal of discontinued operations, net of taxes, previously recognized			9,192
Loss on disposal of discontinued operations, net of tax, recognized in current period		$ 0	$ (1,537)

Fair Value of Financial Asset26

Fair Value of Financial Assets and Liabilities - Summary of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Apr. 30, 2015
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents	$ 53,450	$ 54,041
Corporate bonds
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents	0	256
Municipal bonds
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents	1,597	102
Demand deposit accounts
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents	40,873	49,977
Money market funds
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents	4,210	2,831
Commercial paper
Cash and Cash Equivalents [Line Items]
Total cash and cash equivalents	$ 6,770	$ 875

Fair Value of Financial Asset27

Fair Value of Financial Assets and Liabilities - Summary of Short-Term Investments (Details) - USD ($)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Apr. 30, 2015
Schedule of Available-for-Sale Securities [Line Items]
Cost	$ 49,697,000		$ 52,758,000
Gross Unrealized Gains	43,000		30,000
Gross Unrealized Losses	(44,000)		(58,000)
Fair Value	49,696,000		52,730,000
Impairment Charges	0	$ 0
Certificates of deposit
Schedule of Available-for-Sale Securities [Line Items]
Cost	4,503,000		4,000,000
Gross Unrealized Gains	7,000		4,000
Gross Unrealized Losses	0		0
Fair Value	4,510,000		4,004,000
Municipal bonds
Schedule of Available-for-Sale Securities [Line Items]
Cost	636,000		4,564,000
Gross Unrealized Gains	5,000		17,000
Gross Unrealized Losses	0		(16,000)
Fair Value	641,000		4,565,000
Commercial paper
Schedule of Available-for-Sale Securities [Line Items]
Cost	3,791,000		6,269,000
Gross Unrealized Gains	7,000		4,000
Gross Unrealized Losses	0		0
Fair Value	3,798,000		6,273,000
U.S. Treasury notes
Schedule of Available-for-Sale Securities [Line Items]
Cost	23,814,000		23,820,000
Gross Unrealized Gains	3,000		1,000
Gross Unrealized Losses	(27,000)		(12,000)
Fair Value	23,790,000		23,809,000
U.S. Treasury bonds
Schedule of Available-for-Sale Securities [Line Items]
Cost	10,001,000		5,001,000
Gross Unrealized Gains	1,000		0
Gross Unrealized Losses	(3,000)		(2,000)
Fair Value	9,999,000		4,999,000
Corporate notes
Schedule of Available-for-Sale Securities [Line Items]
Cost	1,807,000		2,709,000
Gross Unrealized Gains	0		1,000
Gross Unrealized Losses	(1,000)		(2,000)
Fair Value	1,806,000		2,708,000
Corporate bonds
Schedule of Available-for-Sale Securities [Line Items]
Cost	5,145,000		6,395,000
Gross Unrealized Gains	20,000		3,000
Gross Unrealized Losses	(13,000)		(26,000)
Fair Value	$ 5,152,000		$ 6,372,000

Fair Value of Financial Asset28

Fair Value of Financial Assets and Liabilities - Contractual Maturities of Available-for-Sale Debt Securities (Details) $ in Thousands	Jul. 31, 2015USD ($)
Fair Value Disclosures [Abstract]
Due in one year or less	$ 44,695
Due in 1-2 years	5,001
Total Investments in debt securities	$ 49,696

Fair Value of Financial Asset29

Fair Value of Financial Assets and Liabilities - Summary of Fair Value of Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Apr. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 53,450	$ 54,041
Short-term investments:	49,696	52,730
Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	12,577	4,064
Short-term investments:	49,696	52,730
Total assets	62,273	56,794
Fair value, measurements, recurring | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	4,210	2,831
Short-term investments:	33,789	28,808
Total assets	37,999	31,639
Fair value, measurements, recurring | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	8,367	1,233
Short-term investments:	15,907	23,922
Total assets	24,274	25,155
Fair value, measurements, recurring | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Short-term investments:	0	0
Total assets	0	0
Certificates of deposit | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	4,510	4,004
Certificates of deposit | Fair value, measurements, recurring | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Certificates of deposit | Fair value, measurements, recurring | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	4,510	4,004
Certificates of deposit | Fair value, measurements, recurring | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	1,597	102
Municipal bonds | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	1,597	102
Short-term investments:	641	4,565
Municipal bonds | Fair value, measurements, recurring | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Short-term investments:	0	0
Municipal bonds | Fair value, measurements, recurring | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	1,597	102
Short-term investments:	641	4,565
Municipal bonds | Fair value, measurements, recurring | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Short-term investments:	0	0
Commercial paper | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	6,770	875
Short-term investments:	3,798	6,273
Commercial paper | Fair value, measurements, recurring | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Short-term investments:	0	0
Commercial paper | Fair value, measurements, recurring | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	6,770	875
Short-term investments:	3,798	6,273
Commercial paper | Fair value, measurements, recurring | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Short-term investments:	0	0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	256
Corporate bonds | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	256
Short-term investments:	5,152	6,372
Corporate bonds | Fair value, measurements, recurring | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Short-term investments:	0	0
Corporate bonds | Fair value, measurements, recurring | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	256
Short-term investments:	5,152	6,372
Corporate bonds | Fair value, measurements, recurring | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Short-term investments:	0	0
U.S. Treasury notes | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	23,790	23,809
U.S. Treasury notes | Fair value, measurements, recurring | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	23,790	23,809
U.S. Treasury notes | Fair value, measurements, recurring | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
U.S. Treasury notes | Fair value, measurements, recurring | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
U.S. Treasury bonds | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	9,999	4,999
U.S. Treasury bonds | Fair value, measurements, recurring | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	9,999	4,999
U.S. Treasury bonds | Fair value, measurements, recurring | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
U.S. Treasury bonds | Fair value, measurements, recurring | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Corporate notes | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	1,806	2,708
Corporate notes | Fair value, measurements, recurring | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Corporate notes | Fair value, measurements, recurring | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	1,806	2,708
Corporate notes | Fair value, measurements, recurring | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments:	0	0
Money market funds | Fair value, measurements, recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	4,210	2,831
Money market funds | Fair value, measurements, recurring | Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	4,210	2,831
Money market funds | Fair value, measurements, recurring | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Money market funds | Fair value, measurements, recurring | Fair value, inputs, level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 0	$ 0

Acquired Intangible Assets, n30

Acquired Intangible Assets, net for Continuing Operations (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Apr. 30, 2015
Acquired Finite Lived and Indefinite Lived Intangible Assets [Line Items]
Gross Fair Value	$ 15,100	$ 15,100
Accumulated Amortization	(4,075)	(3,602)
Total	11,025	11,498
Customer relationships
Acquired Finite Lived and Indefinite Lived Intangible Assets [Line Items]
Acquired finite-lived intangible assets, gross	11,835	11,835
Accumulated Amortization	(3,230)	(2,921)
Acquired finite-lived intangible assets, net book value	8,605	8,914
Developed technology
Acquired Finite Lived and Indefinite Lived Intangible Assets [Line Items]
Acquired finite-lived intangible assets, gross	3,265	3,265
Accumulated Amortization	(845)	(681)
Acquired finite-lived intangible assets, net book value	$ 2,420	$ 2,584

Acquired Intangible Assets, n31

Acquired Intangible Assets, net Acquired Intangible Assets, net - Estimate of Future Amortization Expenses (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Apr. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining nine months of Fiscal year 2016	$ 1,417
Fiscal year 2017	1,890
Fiscal year 2018	1,890
Fiscal year 2019	1,856
Fiscal year 2020	1,130
Thereafter	2,842
Total	$ 11,025	$ 11,498

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Income Tax Disclosure [Abstract]
Company's effective tax rate for continuing operations	(0.90%)	(0.10%)

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 21, 2014	Jul. 31, 2015	Jul. 31, 2014	Apr. 30, 2015
Debt Instrument [Line Items]
Amortization of deferred financing costs		$ 59	$ 0
Credit facility
Debt Instrument [Line Items]
Fees capitalized related to the amended and restated credit facility		700
Revolving credit facility
Debt Instrument [Line Items]
Amortization of deferred financing costs		100	$ 0
Revolving credit facility | Loan agreement
Debt Instrument [Line Items]
Letters of credit outstanding, Amount		$ 9,300
Revolving credit facility | Credit facility
Debt Instrument [Line Items]
Revolving line of credit with a borrowing capacity	$ 70,000
Revolving letter of credit with a borrowing capacity	$ 15,000
Loan and security agreement, expiration date		Nov. 21, 2017
Revolving credit facility | Unused lines of credit | Credit facility
Debt Instrument [Line Items]
Credit facility, remaining borrowing capacity		$ 3,700		$ 3,700
Revolving credit facility | Daily adjusting LIBOR rate | Credit facility
Debt Instrument [Line Items]
Interest above daily adjusting LIBOR rate	3.50%
Revolving credit facility | Swingline Loan | Credit facility
Debt Instrument [Line Items]
Revolving line of credit with a borrowing capacity	$ 3,000

Net Loss Per Share Applicable34

Net Loss Per Share Applicable to Common Stockholders - Computations of Loss per Share Applicable to Common Stockholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Jul. 31, 2015	Jul. 31, 2014
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net loss from continuing operations		$ (10,244)	$ (10,308)
Net loss from discontinued operations, net of tax		0	(1,257)
Net loss applicable to common stockholders		$ (10,244)	$ (11,565)
Continuing operations		$ (0.13)	$ (0.13)
Discontinued operations		0	(0.02)
Basic and diluted loss per share:		$ (0.13)	$ (0.15)
Basic and diluted weighted average number of shares outstanding		80,174	77,766
Outstanding stock options
Potentially dilutive securities (1):
Outstanding stock options	[1]	324	922
Restricted shares
Potentially dilutive securities (1):
Outstanding stock options	[1]	58	170
[1]	The impact of potentially dilutive securities on earnings per share is anti-dilutive in a period of net loss.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Nov. 13, 2014USD ($)ft²Term	Jul. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Sales tax liability accrual		$ 0.6
Office space | ft²	137,615
Lease commencement date	Jan. 1, 2016
Lease termination period	10 years 6 months
Number of successive periods of five years terms | Term	2
Lease extension period	5 years
Operating Leased Assets [Line Items]
Expected lease payments for fiscal year ended April 30, 2016	$ 0.3
Expected lease payments for fiscal year ended April 30, 2017	3.8
Expected lease payments for fiscal year ended April 30, 2018	3.8
Expected lease payments for fiscal year ended April 30, 2019	3.9
Expected lease payments for fiscal year ended April 30, 2020	4
Expected lease payments for fiscal years ended April 30th thereafter	25.9
Office space lease contract
Operating Leased Assets [Line Items]
Security deposit for the lease	$ 8