Franchise (TAX) 10-Q 18 Oct 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jul. 31, 2013	Oct. 14, 2013
Document and Entity Information
Entity Registrant Name	JTH Holding, Inc.
Entity Central Index Key	1528930
Document Type	10-Q
Document Period End Date	31-Jul-13
Amendment Flag	FALSE
Current Fiscal Year End Date	-26
Entity Filer Category	Smaller Reporting Company
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Entity Common Stock, Shares Outstanding		12,037,321

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Jul. 31, 2013	Apr. 30, 2013
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$8,573	$19,013
Receivables (note 2):
Trade accounts	24,116	41,856
Notes	32,470	34,156
Interest, net	1,706	877
Allowance for doubtful accounts	-4,481	-5,583
Total receivables, net	53,811	71,306
Available for sale securities (note 3)	4,001	3,619
Income tax receivable	4,017	3
Deferred income taxes (note 8)	3,375	4,232
Other current assets	2,469	4,960
Total current assets	76,246	103,133
Property, equipment, and software, net of accumulated depreciation of $19,695 and $19,006 as of July 31, 2013 and April 30, 2013, respectively	34,805	33,037
Notes receivable, excluding current portion, net of allowance for uncollectible amounts of $1,939 and $1,101 as of July 31, 2013 and April 30, 2013, respectively (note 2)	25,106	14,352
Goodwill (note 4)	6,992	5,685
Other intangible assets, net of accumulated amortization of $4,726 and $3,998 as of July 31, 2013 and April 30, 2013, respectively (note 4)	13,277	10,921
Other assets, net	2,228	2,402
Total assets	158,654	169,530
Current liabilities:
Current installments of long-term debt (note 6)	3,918	3,400
Accounts payable and accrued expenses	6,866	11,954
Due to area developers (note 2)	9,900	18,248
Income taxes payable (note 8)	0	5,897
Deferred revenue - short-term portion	6,822	7,555
Total current liabilities	27,506	47,054
Long-term debt, excluding current installments (note 6)	23,635	24,283
Revolving credit facility (note 6)	16,505	0
Deferred revenue - long-term portion	9,108	10,381
Liability classified stock-based compensation awards (note 10)	0	5,111
Deferred income taxes (note 8)	600	865
Total liabilities	77,354	87,694
Stockholders’ equity (notes 9 and 10):
Additional paid-in capital	7,220	1,920
Accumulated other comprehensive income, net of taxes	1,285	1,194
Retained earnings	72,665	78,592
Total stockholders’ equity	81,300	81,836
Total liabilities and stockholders’ equity	158,654	169,530
Class A preferred stock
Stockholders’ equity (notes 9 and 10):
Preferred stock	0	0
Special voting preferred stock
Stockholders’ equity (notes 9 and 10):
Preferred stock	0	0
Class A common stock
Stockholders’ equity (notes 9 and 10):
Common stock	120	120
Class B common stock
Stockholders’ equity (notes 9 and 10):
Common stock	9	9
Exchangeable shares
Stockholders’ equity (notes 9 and 10):
Common stock	$1	$1

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Jul. 31, 2013	Apr. 30, 2013
In Thousands, except Share data, unless otherwise specified
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$19,695	$19,006
Notes receivable, excluding current portion, allowance for uncollectible amounts (in dollars)	1,939	1,101
Finite-Lived Intangible Assets, Accumulated Amortization	$4,726	$3,998
Class A preferred stock
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	190,000	190,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Special voting preferred stock
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	10	10
Preferred stock, shares issued	10	10
Preferred stock, shares outstanding	10	10
Class A common stock
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	21,200,000	21,200,000
Common stock, shares issued	12,023,265	11,975,128
Common stock, shares outstanding	12,023,265	11,975,128
Class B common stock
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	1,000,000	1,000,000
Common stock, shares issued	900,000	900,000
Common stock, shares outstanding	900,000	900,000
Exchangeable shares
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares issued	100,000	100,000
Common stock, shares outstanding	100,000	100,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012
Revenues:
Franchise fees	$1,039	$666	[1]
Area developer fees	1,803	1,923	[1]
Royalties and advertising fees	1,449	1,324	[1]
Financial products	449	302	[1]
Interest income (note 2)	2,234	2,548	[1]
Tax preparation fees, net of discounts	386	216	[1]
Net gain on sale of company-owned offices and other revenue	705	265	[1]
Total revenues	8,065	7,244	[1]
Operating expenses:
Employee compensation and benefits	6,089	6,666	[1]
General and administrative expenses	6,266	5,816	[1]
Area developer expense	828	717	[1]
Advertising expense	2,684	2,560	[1]
Depreciation, amortization, and impairment charges	1,578	1,591	[1]
Total operating expenses	17,445	17,350	[1]
Loss from operations	-9,380	-10,106	[1]
Other income (expense):
Foreign currency transaction gains (losses)	-7	2	[1]
Interest expense (notes 6 and 7)	-245	-292	[1]
Loss before income taxes	-9,632	-10,396	[1]
Income tax benefit (note 8)	-3,705	-4,033	[1]
Net loss	($5,927)	($6,363)	[1]
Net loss per share of Class A and Class B common stock:
Basic and diluted (in dollars per share)	($0.46)	($0.52)	[1]
[1]	As restated - See Note 15 "Restatement of Previously Issued Financial Statements" of Notes to Condensed Consolidated Financial Statements.

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Loss (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012
Statement of Other Comprehensive Income [Abstract]
Net loss	($5,927)	($6,363)	[1]
Interest rate swap agreements, net of taxes (note 7)	0	45	[1]
Unrealized gain on equity securities available for sale, net of taxes (note 3)	232	0	[1]
Foreign currency translation adjustment	-140	-228	[1]
Comprehensive loss	($5,835)	($6,546)	[1]
[1]	As restated - See Note 15 "Restatement of Previously Issued Financial Statements" of Notes to Condensed Consolidated Financial Statements.

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012
Cash flows from operating activities:
Net loss	($5,927)	($6,363)	[1]
Adjustments to reconcile net loss to net cash used in operating activities:
Provision for doubtful accounts	1,562	1,528	[1]
Depreciation and amortization	1,578	1,591	[1]
Amortization of deferred financing costs	84	69	[1]
Stock-based compensation expense related to equity classified awards	175	398	[1]
Stock-based compensation expense related to liability classified awards	-872	0	[1]
Gain on the bargain purchases and sales of company-owned offices	-351	-60	[1]
Equity in loss of affiliate	68	69	[1]
Deferred tax expense	592	1,941	[1]
Changes in assets and liabilities decreasing cash flows from operating activities	-11,454	-15,390	[1]
Net cash used in operating activities	-14,545	-16,217	[1]
Cash flows from investing activities:
Issuance of operating loans to franchisees	-7,296	-9,956	[1]
Payments received on operating loans from franchisees	999	999	[1]
Purchases of area developer rights and company-owned offices	-2,145	-1,329	[1]
Proceeds from sale of company-owned offices and area developer rights	3	350	[1]
Purchase of property and equipment	-2,904	-1,976	[1]
Net cash used in investing activities	-11,343	-11,912	[1]
Cash flows from financing activities:
Proceeds from the exercise of stock options	1,492	1,592	[1]
Repurchase of common stock	-863	-843	[1]
Repayment of long-term debt	-1,929	-1,561	[1]
Borrowings under revolving credit facility	17,210	11,078	[1]
Repayments under revolving credit facility	-705	0	[1]
Payment for debt issue costs	0	-8	[1]
Tax benefit of stock option exercises	258	269	[1]
Net cash provided by financing activities	15,463	10,527	[1]
Effect of exchange rate changes on cash, net	-15	-18	[1]
Net decrease in cash and cash equivalents	-10,440	-17,620	[1]
Cash and cash equivalents at beginning of period	19,013	19,848	[1]
Cash and cash equivalents at end of period	8,573	2,228	[1]
Supplemental disclosures of cash flow information:
Cash paid for interest, net of capitalized interest	172	199	[1]
Cash paid for taxes, net of refunds	5,492	6,364	[1]
During the three months ended July 31, 2013 and 2012, the Company acquired certain assets from franchisees and area developers as follows:
Fair value of assets purchased	5,211	3,975	[1]
Receivables applied	-3,170	-2,368	[1]
Accounts payable canceled	1,682	874	[1]
Notes payable issued	-2,676	-1,508	[1]
Elimination of related deferred revenue	1,098	356	[1]
Cash paid to franchisees and area developers	2,145	1,329	[1]
During the three months ended July 31, 2013 and 2012, the Company sold certain assets to franchisees and area developers as follows:
Book value of assets sold	698	437	[1]
Deferred gain on sale	0	269	[1]
Notes received	-695	-356	[1]
Cash received from franchisees and area developers	3	350	[1]
Accrued capitalized software costs included in accounts payable	$346	$850	[1]
[1]	As restated - See Note 15 "Restatement of Previously Issued Financial Statements" of Notes to Condensed Consolidated Financial Statements.

Organization_and_Significant_A

Organization and Significant Accounting Policies	3 Months Ended
	Jul. 31, 2013
Accounting Policies [Abstract]
Organization and Significant Accounting Policies	Organization and Significant Accounting Policies
	(a)  Organization
	JTH Holding, Inc. (the Company), a Delaware corporation, is a holding company engaged through its subsidiaries as a franchisor and operator of a system of income tax preparation offices located in the United States and Canada. The Company’s principal operations are conducted through JTH Tax, Inc. (d/b/a Liberty Tax Service) the Company’s largest subsidiary. Through this system of income tax preparation offices, the Company also facilitates for its customers’ refund-based tax settlement financial products such as instant cash advances, electronic refund checks, and personal income tax refund discounting. The Company also offers online tax preparation services.
	Unless specifically noted otherwise, as used throughout these condensed consolidated financial statements, the term “Company” or “Liberty” refers to the consolidated entities of JTH Holding, Inc.
	(b) Principles of Consolidation and Unaudited Financial Statements
	The condensed consolidated financial statements include the accounts of JTH Holding, Inc. and its wholly owned subsidiaries. Assets and liabilities of the Company’s Canadian operations have been translated into U.S. dollars using the exchange rate in effect at the end of the period. Revenues and expenses have been translated using the average exchange rates in effect each month of the period. Transaction gains and losses are recognized when incurred. The Company also consolidates any variable interest entities of which it is the primary beneficiary. When the Company does not have a controlling interest in an entity, but exerts significant influence over the entity, the Company applies the equity method of accounting. All significant intercompany balances and transactions have been eliminated in consolidation.
	The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (US GAAP) for interim financial information.  The condensed consolidated financial statements, including these notes, are unaudited and exclude some of the disclosures required in annual financial statements.  Consolidated balance sheet data as of April 30, 2013 was derived from the Company’s April 30, 2013 Annual Report on Form 10-K. As discussed in note 15, the Company has restated its financial statements for the three months ended July 31, 2012.
	In the opinion of management, all adjustments necessary for a fair presentation of such financial statements in accordance with US GAAP have been recorded.  These adjustments consisted only of normal recurring items.  The accompanying condensed consolidated financial statements should be read in conjunction with the Company’s financial statements and notes thereto included in its April 30, 2013 Annual Report on Form 10-K.
	(c) Use of Estimates
	Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period, to prepare these condensed consolidated financial statements and accompanying notes in conformity with US GAAP. Actual results could differ from those estimates.
	(d) Foreign Operations
	Canadian operations contributed $520,000 and $484,000 in revenues for the three months ended July 31, 2013,
	and 2012, respectively.
	(e) Seasonality of Business
	The Company’s operating revenues are seasonal in nature with peak revenues occurring in the months of January through April.  Therefore, results for interim periods are not indicative of results to be expected for the full year.

Notes_and_Accounts_Receivable

Notes and Accounts Receivable	3 Months Ended
	Jul. 31, 2013
Receivables [Abstract]
Notes and Accounts Receivable	Notes and Accounts Receivable
	The Company provides financing to franchisees for the purchase of franchises, clusters of territories, company-owned offices and/or for working capital and equipment needs. The franchise-related notes generally are payable over five years and the working capital and equipment notes generally are due within one year. All notes bear interest at 12%.  Activity related to notes receivable for the three months ended July 31, 2013 and the fiscal year ended April 30, 2013 was as follows:
		31-Jul-13			30-Apr-13
		(In thousands)
	Balance at beginning of period	$	89,340		$	79,838
	Notes received for:
	Sales of franchises and clusters of territories	825			6,770
	Sales of certain assets to franchisees	695			15,130
	Franchisee to franchisee note assumptions	1,813			11,259
	Working capital and equipment loans to franchisees	7,304			75,642
	Refinancing of accounts receivable	4,897			18,527
		15,534			127,328
	Repayment of notes	(2,631		)	(95,664		)
	Notes canceled	(4,677		)	(21,981		)
	Foreign currency adjustment	(68		)	(181		)
	Balance at end of period	97,498			89,340
	Unrecognized revenue portion of notes receivable	(37,983		)	(39,731		)
	Notes receivable less unrecognized revenue	$	59,515		$	49,609
	Most of the notes receivable are due from the Company's franchisees and area developers (ADs) and are collateralized by the underlying franchise and are guaranteed by the respective franchisee or AD and franchise or AD owner(s). The franchisees' ability to repay the notes is dependent upon both the performance of the tax preparation industry as a whole and the individual franchisees' or ADs' areas.
	The refinancing of accounts receivable results from a franchisee electing to deliver to the Company a promissory note for past-due royalties and advertising fees that have been previously recorded as accounts receivable in the consolidated financial statements. Effective October 1, 2013, the Company reduced the interest rate on its past due accounts receivable to 12% and therefore has ceased its practice of refinancing accounts receivable into notes receivable. This is not expected to have a material effect on the Company's consolidated financial statements.
	Notes canceled are comprised of the cancellation of existing unpaid notes of selling franchisees in franchisee to franchisee sales that include the assumption of debt by the acquiring franchisee, and any unpaid notes receivable from a franchisee or AD related to specific territories or clusters of territories that the Company reacquires. In the latter transactions, the cancellation of notes is part of the consideration paid by the Company, and any excess of the consideration paid over the fair value of assets acquired is written off to the allowance for doubtful accounts.
	Unrecognized revenue relates to the financed portion of franchise fees and area developer fees and, in the case of sales of company-owned offices, the financed portion of gains related to these sales, in each case where revenue has not yet been recognized. For franchise fees and gains related to the sale of company-owned offices, revenue is recorded as note payments are received by the Company. Payments on area developer fee notes receivable generate a corresponding increase in deferred revenue, which is amortized into revenue over the life of the area developer contract, generally 10 years.
	Management believes that the recorded allowance is adequate based upon its consideration of the estimated value of the franchises and ADs supporting the receivables. Any adverse change in the tax preparation industry or the individual franchisees' or ADs' areas could affect the Company's estimate of the allowance.
	Notes and accounts receivable include royalties billed that relate to territories operated by franchisees located in AD territories. The Company has recorded amounts payable to area developers for their share of these receivables of $9,900,000 and $18,248,000 at July 31, 2013 and April 30, 2013, respectively.
	Activity in the allowance for doubtful accounts for the three months ended July 31, 2013, and 2012 was as follows:
		2013			2012
					As Restated
		(In thousands)
	Beginning balance	$	6,684		$	5,290
	Additions charged to expense	1,562			1,528
	Write-offs	(1,812		)	(1,425		)
	Foreign currency adjustment	(14		)	(34		)
	Ending balance	$	6,420		$	5,359
	Management considers accounts and notes receivable to be impaired if the amounts due exceed the fair value of the underlying franchise and estimates an allowance for doubtful accounts based on that excess. Amounts due include contractually obligated accounts and notes receivable less unrecognized revenue, reduced by the allowance for uncollected interest, amounts due ADs, the related deferred revenue and amounts owed to the franchisee by the Company. In establishing the fair value of the underlying franchise, management considers net fees of open offices earned during the most recently completed tax season and the number of unopened offices.
	The allowance for doubtful accounts at July 31, 2013 and April 30, 2013 was allocated as follows:
		31-Jul-13			30-Apr-13
		(In thousands)
	Impaired:
	Notes receivable including interest less unrecognized revenue	$	8,596		$	9,399
	Accounts receivable	5,112			5,907
	Less allowance for uncollected interest, amounts due ADs, related deferred revenue and amounts due franchisees	(2,119		)	(2,336		)
	Net amount due	$	11,589		$	12,970
	Allowance for doubtful accounts for impaired notes and accounts receivable	$	5,537		$	6,120
	Nonimpaired:
	Notes receivable including interest less unrecognized revenue	$	54,089		$	42,459
	Accounts receivable	21,082			37,650
	Less allowance for uncollected interest, amounts due ADs, related deferred revenue and amounts due franchisees	(12,259		)	(19,992		)
	Net amount due	$	62,912		$	60,117
	Allowance for doubtful accounts for non-impaired notes and accounts receivable	$	883		$	564
	Total allowance for doubtful accounts	$	6,420		$	6,684
	The aging of accounts and notes receivable at July 31, 2013 was as follows:
		Total			Allowance			Current		Total
		Past Due			for Uncollected					Receivables
					Interest
		(In thousands)
	Accounts receivable	$	23,058		$	(2,078	)	$	3,136	$	24,116
	Notes receivable	9,136			(1,464		)	53,549		61,221
	Total	$	32,194		$	(3,542	)	$	56,685	$	85,337
	Accounts receivable are considered to be past due if unpaid after 30 days and notes receivable are considered past due if unpaid after 90 days, at which time the notes are put on nonaccrual status.
	The Company’s average investment in impaired notes receivable during the three months ended July 31, 2013 and 2012 was $8,998,000 and $6,234,000 , respectively.  Interest income related to impaired notes was $201,000 and $138,000 for the three months ended July 31, 2013 and 2012, respectively.  The Company’s investment in notes receivable on nonaccrual status at July 31, 2013 and April 30, 2013 was $7,672,000 and $8,375,000, respectively.
	At July 31, 2013, the Company had unfunded lending commitments for working capital loans to franchisees and area developers of $13,324,000.

Investments

Investments	3 Months Ended
	Jul. 31, 2013
Investments [Abstract]
Investments	Investments
	During fiscal 2013, the Company purchased corporate equity securities, as a strategic investment in a business partner, for $2,980,000.  At July 31, 2013, the fair value of the investment was $4,001,000.  The Company classifies this investment as available for sale and recognizes unrealized gain on the available for sale securities, net of tax, in accumulated other comprehensive income in the stockholders’ equity section of the consolidated balance sheets. The unrealized gain, net of tax, on the available for sale securities at July 31, 2013 was $619,000.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	3 Months Ended
	Jul. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets
	Changes in the carrying amount of goodwill for the three months ended July 31, 2013 are as follows:
		Goodwill				Accumulated impairment loss				Net
		(In thousands)
	Balance at April 30, 2013	$	6,457			$	(772	)		$	5,685
	Acquisitions of assets from franchisees	1,721				—				1,721
	Disposals and foreign currency changes, net	(428		)		14				(414		)
	Impairments	—				—				—
	Balance at July 31, 2013	$	7,750			$	(758	)		$	6,992
	Components of intangible assets are as follows:
				As of July 31, 2013										As of April 30, 2013
		Amortization		Gross				Accumulated				Net		Gross		Accumulated			Net
		period		carrying				amortization				carrying		carrying		amortization			carrying
				amount								amount		amount					amount
		(In thousands)
	Amortizable other intangible assets:
	Acquired customer lists	7 years		$	1,603			$	(299	)		$	1,304	$	1,603	$	(171	)	$	1,432
	Assets acquired from franchisees:
	Customer lists	4 years		2,419				(644		)		1,775		1,834		(582		)	1,252
	Reacquired rights	2 years		2,098				(1,169		)		929		1,640		(905		)	735
	Area developer rights	10 years		11,883				(2,614		)		9,269		9,842		(2,340		)	7,502
				$	18,003			$	(4,726	)		$	13,277	$	14,919	$	(3,998	)	$	10,921
	During the three months ended July 31, 2013, the Company acquired the assets of various franchisees for $3,155,000.  These acquisitions were accounted for as business combinations, with all value allocated to the identifiable intangible assets.  The acquired businesses are operated as Company-owned offices until a buyer is found.
	The purchase price of assets acquired from franchisees was allocated as follows:
		Three Months Ended July 31,
		2013				2012
						As Restated
		(In thousands)
	Customer lists	$	786			$	401
	Reacquired rights	648				276
	Goodwill	1,721				1,065
	Total	$	3,155			$	1,742

Leases

Leases	3 Months Ended
	Jul. 31, 2013
Leases [Abstract]
Leases	Leases
	The Company is obligated under various short-term operating leases for office space that expire at various dates.  Total rent expense for operating leases, net of subleases, was $756,000 and $642,000 for the three months ended July 31, 2013 and 2012, respectively.

Debt

Debt	3 Months Ended
	Jul. 31, 2013
Debt Disclosure [Abstract]
Debt	Debt
	The Company has a credit facility that consists of a $25,000,000 term loan and a revolving credit facility that originally allowed borrowing of up to $105,000,000, with an accordion feature permitting the Company to request an increase in availability of up to an additional $70,000,000.  On December 28, 2012, the Company utilized the accordion feature to increase the borrowing limit under the revolving credit facility by $38,350,000, increasing the maximum borrowings under that portion of its credit facility to $143,350,000.  Outstanding borrowings accrue interest at one-month London Inter-Bank Offered Rate (LIBOR) plus a margin ranging from 1.5% to 2.25% depending on the Company’s leverage ratio. At July 31, 2013, the interest rate was 1.95%. The indebtedness is collateralized by substantially all the assets of the Company and both loans mature on April 30, 2017.  The credit facility contains certain financial covenants that the Company must meet, including leverage and fixed charge coverage ratios as well as minimum net worth requirements.  The Company was in compliance with the financial covenants at July 31, 2013. The accounting policy changes that resulted in the restatements of the Company's previously reported consolidated financial statements resulted in the inability of the Company to satisfy several credit facility covenants related to the delivery and accuracy of its financial reports. The Company obtained a waiver of these failures from our bank syndicate in August 2013.
	Debt at July 31, 2013 and April 30, 2013 consisted of the following:
		31-Jul-13			30-Apr-13
		(In thousands)
	Credit Facility:
	Revolver	$	16,505		$	—
	Term loan	23,281			23,750
		39,786			23,750
	Other debt	4,272			3,933
		44,058			27,683
	Less: current portion	(3,918		)	(3,400		)
	Long-term debt	$	40,140		$	24,283

Derivative_Instruments_and_Hed

Derivative Instruments and Hedging Activities	3 Months Ended
	Jul. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities
	Interest rate swap agreements: From time to time, the Company has had interest rate swap agreements with a financial institution to manage fluctuations in cash flows resulting from changes in the one-month LIBOR interest rate on its credit facility. The most recent such agreement expired in March 2013. At July 31, 2013 and April 30, 2013, the Company had no interest rate swaps.
	Forward contracts related to foreign currency exchange rates: In connection with short-term advances made to its Canadian subsidiary related to personal income tax refund discounting, the Company enters into forward contracts to eliminate the exposure related to foreign currency fluctuations. Under the terms of the forward currency contracts, the exchange rate for repayments is fixed at the time an advance is made and the advances are repaid prior to April 30 of the year of the advance. These forward contracts were designated as cash flow hedges. At July 31, 2013 and April 30, 2013, there were no foreign currency contracts outstanding.  During the three months ended July 31, 2013 and 2012, no amounts were recognized in the consolidated statements of operations due to the ineffectiveness of these foreign currency hedges.

Income_Taxes

Income Taxes	3 Months Ended
	Jul. 31, 2013
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	For the three months ended July 31, 2013 and July 31, 2012 the Company recognized income tax benefit of $3,705,000 and $4,033,000, respectively.  The Company computes its provision for or benefit from income taxes by applying the estimated annual effective tax rate to income or loss from recurring operations and adding the effects of any discrete income tax items specific to the period.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Jul. 31, 2013
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity
	During the three months ended July 31, 2013 and 2012, activity in stockholders’ equity was as follows:
		31-Jul-13			July 31, 2012
		(In thousands)
	Class A common shares issued from the exercise of stock options	99			151
	Proceeds from exercise of stock options	$	1,492		$	1,592
	Class A common shares repurchased	51			56
	Payments for repurchased shares	$	863		$	843
	Tax benefit of stock option exercises	$	258		$	269
	Class A common shares issued upon conversion of Class A preferred shares	—			1,703
	The components of accumulated other comprehensive income at July 31, 2013 and April 30, 2013 are a foreign currency translation adjustment of $666,000 and $807,000, respectively, and the unrealized gain on equity securities available for sale, net of taxes, of $619,000 and $387,000, respectively.
	(a) Net Income (Loss) per Share
	Net income (loss) per share of Class A and Class B common stock is computed using the two-class method. Basic net income (loss) per share is computed by allocating undistributed earnings to common shares and participating securities (Class A preferred stock and exchangeable shares) and using the weighted-average number of common shares outstanding during the period.  Undistributed losses are not allocated to these participating securities because they do not meet the required criteria for such allocation.  During the three months ended July 31, 2012, two of the Company’s major shareholders elected to convert 170,320 shares of the Class A preferred stock to 1,703,200 shares of Class A common stock.
	Diluted net income (loss) per share is computed using the weighted-average number of common shares and, if dilutive, the potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options. The dilutive effect of outstanding stock options is reflected in diluted earnings per share by application of the treasury stock method. Additionally, the computation of the diluted net income (loss) per share of Class A common stock assumes the conversion of Class B common stock, Class A preferred stock and exchangeable shares, while the diluted net loss per share of Class B common stock does not assume conversion of those shares.
	The rights, including liquidation and dividend rights, of the holders of Class A and Class B common stock are identical, with the exception of the election of directors. As a result, the undistributed earnings for each year are allocated based on the contractual participation rights of the Class A and Class B common stock as if the earnings for the year had been distributed.  Participating securities have dividend rights that are identical to Class A and Class B common stock.
	The computation of basic and diluted net income (loss) per share for the three months ended July 31, 2013 and 2012 was as follows:
		Three Months Ended
		July 31, 2013
		Class A			Class B
		Common Stock			Common Stock
		(in thousands, except for share and per
		share amounts)
	Basic and diluted net loss per share:
	Numerator
	Allocation of undistributed losses	$	(5,513	)	$	(414	)
	Denominator
	Weighted-average common shares outstanding	11,995,286			900,000
	Basic and diluted net loss per share	$	(0.46	)	$	(0.46	)
	As a result of the net losses for the periods, diluted net loss per share excludes the impact of shares of potential common stock from the exercise of options to purchase 2,256,567 shares for the three months ended July 31, 2013 because the effect would be antidilutive.
		Three Months Ended
		July 31, 2012
		As Restated
		Class A			Class B
		Common Stock			Common Stock
		(in thousands, except for share and per
		share amounts)
	Basic and diluted net loss per share:
	Numerator
	Allocation of undistributed losses	$	(5,892	)	$	(471	)
	Denominator
	Weighted-average common shares outstanding	11,270,977			900,000
	Basic and diluted net loss per share	$	(0.52	)	$	(0.52	)
	As a result of the net losses for the periods, diluted net loss per share excludes the impact of shares of potential common stock from the exercise of options to purchase 2,836,817 shares for the three months ended July 31, 2012 because the effect would be antidilutive.

Stock_Compensation_Plans

Stock Compensation Plans	3 Months Ended
	Jul. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation Plans	Stock Compensation Plans
	(a) Stock Options
	At July 31, 2013, 2,222,062 shares of Class A common stock are available for grant under the 2011 Equity and Cash Incentive Plan.
	The following table summarizes the information for options granted in the three months ended July 31, 2013:
		2013
	Weighted average fair value of options granted	$	4.61
	Dividend yield	0		%
	Expected volatility	35.47		%
	Expected terms	3.8
	Risk-free interest rates	0.79		%
	The Company does not have enough public trading history to calculate volatility for the term of the granted options; it used a 50/50 weighted average volatility, equally weighing our public trading history and that of other public companies in the tax preparation industry.
	Stock option activity during the three months ended July 31, 2013 was as follows:
		Number of			Weighted
		options			average
					exercise price
	Outstanding at April 30, 2013	2,534,683			$	14.81
	Granted	9,490			16.38
	Exercised	(99,464	)		15
	Canceled	(220,461	)		15.04
	Outstanding at July 31, 2013	2,224,248			14.78
	There were 9,490 stock options granted to our non-employee directors in the three months ended July 31, 2013. The options vest in six months from the date of grant and may be exercised over a five year period after the vesting date.
	The total intrinsic value of options exercised during the three months ended July 31, 2013 was approximately $205,000.
	Nonvested stock option (options that did not vest in the period in which granted) activity during the three months ended July 31, 2013 was as follows:
		Nonvested			Weighted
		options			average
					exercise price
	Outstanding at April 30, 2013	132,500			$	15
	Granted	9,490			16.38
	Vested	—			—
	Canceled	—			—
	Outstanding at July 31, 2013	141,990			15.09
	At July 31, 2013, unrecognized compensation costs related to nonvested stock options are $678,000. These costs are expected to be recognized between fiscal 2014 and fiscal 2016.
	The following table summarizes information about stock options outstanding and exercisable at July 31, 2013:
	Number of shares outstanding at		Range of exercise prices				Weighted average exercise price		Weighted average remaining contractual life	Number of shares exercisable at	Weighted average exercise price
	31-Jul-13									31-Jul-13
	117,500		$	10.5			$	10.5	1.6	117,500	$	10.5
	1,846,500		14.00-16.50				15.02		3	1,714,000	15.02
	250,758		15				15		3.6	250,758	15
	9,490		16.38				16.38		4.8	—	16.38
	2,224,248									2,082,258
	During the fiscal year ended April 30, 2013, the settlement of certain stock option transactions caused a change in the classification of certain outstanding stock options to a liability instrument from an equity instrument, which resulted in an increase in stock compensation expense of $2,625,000. At April 30, 2013, the value of the liability for the 997,824 options that changed classifications from an equity to a liability instrument was $5,111,000. On June 11, 2013 our board of directors voted to prohibit those types of transactions, and the Company therefore reclassified the stock options back to an equity instrument resulting in a credit to stock compensation expense of $872,000. The liability was removed and the remainder was reclassified to additional paid in capital.
	(b)  Restricted Stock Units
	During the three months ended July 31, 2013, the Company awarded restricted stock units (RSUs) to its non-employee directors. The weighted average fair value at grant date was $16.38 and the service period is 18 months. Compensation costs associated with these restricted shares are amortized over the service period and recognized as an increase in additional paid-in capital. Restricted stock activity during the three months ended July 31, 2013 was as follows:
		Number of			Weighted
		RSUs			average fair value at grant date
	Outstanding at April 30, 2013	15,971			$	13.5
	Granted	16,348			16.38
	Exercised	—			—
	Canceled	—			—
	Outstanding at July 31, 2013	32,319			14.96
	At July 31, 2013, unrecognized compensation costs related to restricted stock units are $273,000. These costs are expected to be recognized during fiscal 2014 and fiscal 2015.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Jul. 31, 2013
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The Company uses the following methods and assumptions to estimate the fair value of financial instruments.
	Cash equivalents, receivables, other current assets, accounts payable and accrued expenses, and due to area developers: The carrying amounts approximate fair value because of the short maturity of these instruments. At July 31, 2013 and April 30, 2013 the Company had cash equivalents of:
			31-Jul-13		30-Apr-13
			(In thousands)
	Money market account		$	—	$	16,798
	Notes receivable: The carrying amount of the Company’s notes receivable approximates fair value based upon the present value of expected future cash flows discounted at the interest rate currently offered by the Company, which approximates rates currently offered by local lending institutions for loans of similar terms to individuals/entities with comparable credit risk.
	Nonfinancial assets and liabilities: The fair value of customer lists is measured on a nonrecurring basis in the period that the Company deemed the assets impaired. Fair value is determined based on historical transactions involving sales of Company-owned offices.
	Long-term debt: The carrying amount of the Company’s long-term debt approximates fair value based on the present value of expected future cash flows discounted at the interest rates offered by the lenders, which approximates rates currently offered by local lending institutions for loans of similar terms to companies with comparable credit risk.
	Concentrations of credit risks: Financial instruments that could potentially subject the Company to concentrations of credit risks consist of accounts and notes receivable with its franchisees.
	The Company maintains its cash and cash equivalents in bank deposit accounts, which at times may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on its cash and cash equivalents balances.
	The Company manages such risk by evaluating the financial position of the franchisee, value of the franchises, as well as the personal guarantee of the individual franchisees. At July 31, 2013 and April 30, 2013, there were no significant concentrations of credit risk associated with any individual franchisee or group of franchisees. The Company maintains an allowance for potential losses based on its expected collectability of the receivables, which the Company believes is adequate for its credit loss exposure.
	The condensed consolidated financial statements include various estimated fair value information at July 31, 2013 and April 30, 2013.
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets and liabilities subject to fair value measurements on a recurring basis are classified according to a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value.
	•	Level 1 — quoted prices for identical assets and liabilities in active markets.
	•	Level 2 — quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, and model-based valuations in which all significant inputs are observable in the market.
	•	Level 3 — unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
	At July 31, 2013 and April 30, 2013, the following tables present, for each of the fair value hierarchy levels, the assets and liabilities that are measured at fair value on a recurring and nonrecurring basis (in thousands):
					31-Jul-13
					Fair value measurements using
			Total		Level 1		Level 2		Level 3
	Assets:
	Recurring:
	Equity securities, available for sale		$	4,001	$	4,001	$	—	$	—
	Nonrecurring:
	Impaired accounts and notes receivable		7,041		—		—		7,041
			$	11,042	$	4,001	$	—	$	7,041
					30-Apr-13
					Fair value measurements using
			Total		Level 1		Level 2		Level 3
	Assets:
	Recurring:
	Cash equivalents		$	16,798	$	16,798	$	—	$	—
	Equity securities, available for sale		3,619		3,619		—		—
			20,417		20,417		—		—
	Nonrecurring:
	Impaired accounts and notes receivable		7,973		—		—		7,973
	Impaired goodwill		1,254		—		—		1,254
	Impaired reacquired rights		286		—		—		286
	Impaired customer lists		453		—		—		453
			9,966		—		—		9,966
	Total		$	30,383	$	20,417	$	—	$	9,966
	Liabilities:
	Recurring:
	Liability classified share-based instrument		$	5,111	$	—	$	5,111	$	—
	The Company’s policy is to recognize transfers between levels of the fair value hierarchy on the date of the event or change in circumstances that caused the transfer. There were no transfers into or out of level 1 or 2 requiring fair value measurements for the three months ended July 31, 2013.
	Management considers accounts and notes receivable to be impaired if the amount due exceeds the fair value of the underlying franchise. In establishing the estimated fair value of the underlying franchise, consideration is given to the net fees of open offices earned during the most recently completed tax season and the number of unopened offices.
	Management considers intangible assets, reacquired rights, customer lists and goodwill, associated with a Company-owned office to be impaired if the net carrying amount exceeds the fair value of the underlying franchise. In establishing the fair value of the underlying franchise, consideration is given to historical transactions involving sales of Company-owned offices and the net fees of the underlying franchise.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Jul. 31, 2013
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions
	The Company considers directors and their affiliated companies, executive officers of the Company, and members of their immediate family to be related parties. For the three months ended July 31, 2013 and 2012, the Company repurchased common stock from related parties as follows (all repurchases were in conjunction with the exercise of stock options):
		2013		2012
	Common stock repurchases:
	Shares repurchased	36,301		20,100
	Amount	$	600,030	$	301,000

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies
	ERC class action litigation.    The Company was sued in November 2011 in federal courts in Arkansas, California, Florida and Illinois, and additional lawsuits were filed in federal courts in January 2012 in Maryland and North Carolina, in February 2012 in Wisconsin, and in May 2012 in New York and Minnesota, since the initial filings. In April 2012, a motion to consolidate all of the then-pending cases before a single judge in federal court in the Northern District of Illinois was granted, and in June 2012, the plaintiffs filed a new complaint in the consolidated action. The consolidated complaint alleges that an electronic refund check (ERC) represents a form of refund anticipation loan (RAL) because the taxpayer is "loaned" the tax preparation fee, and that an ERC is therefore subject to federal truth-in-lending disclosure and state law requirements regulating RALs. The plaintiffs therefore allege violations of state-specific RAL and other consumer statutes. The lawsuit purports to be a class action, and the plaintiffs allege potential damages in excess of $5 million, but the Company may be able to recover any damages from the providers of the financial products that designed the programs and related disclosures. The Company is aware that virtually identical lawsuits have been filed against several of its competitors. The Company has not concluded that a loss related to this matter is probable, nor has the Company accrued a loss contingency related to this matter. The Company believes it has meritorious defenses to the claims in this case, and intends to defend the case vigorously, but there can be no assurances as to the outcome or the impact on the Company's consolidated financial position, results of operations and cash flows. The case is at an early procedural stage.
	Republic Bank Dispute. In August 2012, the Company terminated an agreement with one of its financial product providers, Republic Bank & Trust Company, which would otherwise have expired in October 2014. The Company's right to terminate the agreement is being disputed by Republic Bank & Trust Company, and the parties conducted a contractually-required mediation in late June 2013. If the mediation does not resolve the parties' dispute, the agreement provides for arbitration of the dispute. At this stage, an arbitration proceeding has not been commenced, but the Company believes that the outcome of this dispute will not significantly impact its results of operation, financial position or cash flows.
	The Company is also party to claims and lawsuits that are considered to be ordinary, routine litigation incidental to the business, including claims and lawsuits concerning the preparation of customers' income tax returns, the fees charged to customers for various products and services, relationships with franchisees, intellectual property disputes, employment matters and contract disputes. Although the Company cannot provide assurance that it will ultimately prevail in each instance, the Company believes the amount, if any, it will be required to pay in the discharge of liabilities or settlements in these claims will not have a material adverse impact on its consolidated results of operations or cash flows.

Subsequent_Events

Subsequent Events	3 Months Ended
	Jul. 31, 2013
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events
	On September 20, 2013, the Company authorized the grant of 397,284 options and 7,134 restricted stock units to certain employees and non-employee directors of the Company. The exercise price of the options will be $17.95 per share, which is the fair value at grant date. The options will vest between six months and three years and may generally be exercised over a five-year period after the vesting date. The restricted stock units will primarily have a vesting period that expires on June 30, 2015.

Restatement_of_Previously_Issu

Restatement of Previously Issued Financial Statements	3 Months Ended
	Jul. 31, 2013
Accounting Changes and Error Corrections [Abstract]
Restatement of Previously Issued Financial Statements	Restatement of Previously Issued Financial Statements
	As disclosed in our Form 10-K for the year ended April 30, 2013, on August 1, 2013, the Company concluded that previously issued consolidated financial statements should not be relied upon due to certain revenue recognition adjustments. The Company's decision to restate its consolidated financial statements was based upon the results of an internal review of the Company's historical revenue recognition policies and their application. The Company has restated its consolidated financial statements for the fiscal quarter ended July 31, 2012. Restated consolidated financial statements for the fiscal quarters ended October 31, 2012 and January 31, 2013 will be included in amended filings at a later date.
	Impact of Corrections on Previously Issued Consolidated Financial Statements
	Adjustments were made for the following items:
	•	The Company determined that our area developer agreements do not constitute a franchise relationship for accounting purposes. Therefore, instead of recording revenue at the inception of the area developer relationship under franchise accounting, the Company now records these fees over the life of the area developer contract, which is typically 10 years. Additionally, our financial statements now show the portion of franchise fees, interest and royalties that the AD is entitled to receive from us in our revenue captions, with an equal amount of expense shown in a new operating expense caption, area developer expense. These amounts were previously presented on a net basis.
	•	The Company changed our revenue recognition policy for franchise fees to record revenue as amounts are received from the franchisee. Previously, the Company generally recorded such revenues at the time of sale, net of expected note cancellations related to the amount financed. Therefore, under the new revenue recognition policy any portion of franchise fees that is financed is only reflected as revenue as the note payments are made.
	•	The Company also revised our methodology for the allocation of the purchase price associated with the acquisitions of businesses from franchisees. Historically, the Company allocated the entire purchase price to an identifiable intangible asset, customer list. The new methodology allocates the purchase price to all identifiable intangible assets, which consist of reacquired rights and customer list. Any unallocated purchase price is recorded as goodwill.
	The following table summarizes the effects of the restatement on the condensed consolidated financial statements of operations for the three months ended July 31, 2012:
		July 31, 2012
		As Reported			Adjustments			As Restated
		(in thousands)
	Franchise fees	$	2,486		$	(1,820	)	$	666
	Provision for refunds	75			(75		)	—
	Area developer fees	—			1,923			1,923
	Royalties and advertising fees	1,007			317			1,324
	Interest income	2,659			(111		)	2,548
	Net gain on sale of company-owned offices and other revenue	191			74			265
	Total revenues	6,786			458			7,244
	General and administrative expenses	5,616			200			5,816
	Area developer expense	—			717			717
	Depreciation, amortization, and impairment charges	1,891			(300		)	1,591
	Total operating expenses	16,733			617			17,350
	Loss from operations	(9,947		)	(159		)	(10,106		)
	Loss before income taxes	(10,237		)	(159		)	(10,396		)
	Income tax benefit	(4,085		)	52			(4,033		)
	Net loss	$	(6,152	)	$	(211	)	$	(6,363	)
	Net loss per share of Class A and Class B common stock:
	Basic and Diluted	$	(0.51	)	$	(0.01	)	$	(0.52	)
	The adjustments reflected in the tables above include:
	•	Adjustments to franchise fees includes the reclassification of area developer fees to a separate caption, the net impact of changing our franchise fee recognition policy to receipt of funds and the change to gross presentation for the area developer portion
	•	Adjustments to provision for refunds is due to the change in our franchise fee recognition policy
	•	Adjustments to area developer fees is the net effect of reclassifying AD fees out of franchisee fees and the impact of recognizing revenue over the life of the agreement
	•	Adjustments to royalties and advertising reflects the change to gross presentation for the area developer portion of royalties
	•	Adjustments to interest income reflect the change to gross presentation for the area developer portion of interest and the conversion to cash basis from accrual basis for interest on notes related to unrecognized revenue
	•	Adjustments to general and administrative expense reflects the increase in the provision for bad debts due to the elimination of the provision for refunds
	•	Adjustments to area developer expense reflects the change to a gross presentation for franchise fees, royalties and interest owed to area developer
	•	Adjustments to amortization and impairment charges are the net effect of the change in purchase price allocation for company-owned offices acquired from franchisees and the impact of a smaller balance of area developer rights due to the netting of deferred revenue upon reacquisition
	•	Adjustments to the provision for income taxes reflects the impact of the restatement adjustments
	The following table presents the effect of the restatement adjustments on the condensed consolidated statements of comprehensive income for the three months ended July 31, 2012:
		31-Jul-12
		As Reported			Adjustments			As Restated
		(in thousands)
	Net loss	$	(6,152	)	$	(211	)	$	(6,363	)
	Comprehensive loss	(6,335		)	(211		)	(6,546		)
	The restatement had no impact on net operating, investing or financing activities within the consolidated statements of cash flows.

Organization_and_Significant_A1

Organization and Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 31, 2013
Accounting Policies [Abstract]
Principles of Consolidation and Unaudited Financial Statements	Principles of Consolidation and Unaudited Financial Statements
	The condensed consolidated financial statements include the accounts of JTH Holding, Inc. and its wholly owned subsidiaries. Assets and liabilities of the Company’s Canadian operations have been translated into U.S. dollars using the exchange rate in effect at the end of the period. Revenues and expenses have been translated using the average exchange rates in effect each month of the period. Transaction gains and losses are recognized when incurred. The Company also consolidates any variable interest entities of which it is the primary beneficiary. When the Company does not have a controlling interest in an entity, but exerts significant influence over the entity, the Company applies the equity method of accounting. All significant intercompany balances and transactions have been eliminated in consolidation.
	The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (US GAAP) for interim financial information.  The condensed consolidated financial statements, including these notes, are unaudited and exclude some of the disclosures required in annual financial statements.  Consolidated balance sheet data as of April 30, 2013 was derived from the Company’s April 30, 2013 Annual Report on Form 10-K. As discussed in note 15, the Company has restated its financial statements for the three months ended July 31, 2012.
	In the opinion of management, all adjustments necessary for a fair presentation of such financial statements in accordance with US GAAP have been recorded.  These adjustments consisted only of normal recurring items.  The accompanying condensed consolidated financial statements should be read in conjunction with the Company’s financial statements and notes thereto included in its April 30, 2013 Annual Report on Form 10-K.
Use of Estimates	Use of Estimates
	Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period, to prepare these condensed consolidated financial statements and accompanying notes in conformity with US GAAP. Actual results could differ from those estimates.
Foreign Operations	Foreign Operations
	Canadian operations contributed $520,000 and $484,000 in revenues for the three months ended July 31, 2013,
	and 2012, respectively.
Seasonality of Business	Seasonality of Business
	The Company’s operating revenues are seasonal in nature with peak revenues occurring in the months of January through April.  Therefore, results for interim periods are not indicative of results to be expected for the full year.

Notes_and_Accounts_Receivable_

Notes and Accounts Receivable (Tables)	3 Months Ended
	Jul. 31, 2013
Receivables [Abstract]
Schedule of activity related to notes receivable	Activity related to notes receivable for the three months ended July 31, 2013 and the fiscal year ended April 30, 2013 was as follows:
		31-Jul-13			30-Apr-13
		(In thousands)
	Balance at beginning of period	$	89,340		$	79,838
	Notes received for:
	Sales of franchises and clusters of territories	825			6,770
	Sales of certain assets to franchisees	695			15,130
	Franchisee to franchisee note assumptions	1,813			11,259
	Working capital and equipment loans to franchisees	7,304			75,642
	Refinancing of accounts receivable	4,897			18,527
		15,534			127,328
	Repayment of notes	(2,631		)	(95,664		)
	Notes canceled	(4,677		)	(21,981		)
	Foreign currency adjustment	(68		)	(181		)
	Balance at end of period	97,498			89,340
	Unrecognized revenue portion of notes receivable	(37,983		)	(39,731		)
	Notes receivable less unrecognized revenue	$	59,515		$	49,609
Schedule of activity in the allowance for doubtful accounts	Activity in the allowance for doubtful accounts for the three months ended July 31, 2013, and 2012 was as follows:
		2013			2012
					As Restated
		(In thousands)
	Beginning balance	$	6,684		$	5,290
	Additions charged to expense	1,562			1,528
	Write-offs	(1,812		)	(1,425		)
	Foreign currency adjustment	(14		)	(34		)
	Ending balance	$	6,420		$	5,359
Schedule of allocation of allowance for doubtful accounts	The allowance for doubtful accounts at July 31, 2013 and April 30, 2013 was allocated as follows:
		31-Jul-13			30-Apr-13
		(In thousands)
	Impaired:
	Notes receivable including interest less unrecognized revenue	$	8,596		$	9,399
	Accounts receivable	5,112			5,907
	Less allowance for uncollected interest, amounts due ADs, related deferred revenue and amounts due franchisees	(2,119		)	(2,336		)
	Net amount due	$	11,589		$	12,970
	Allowance for doubtful accounts for impaired notes and accounts receivable	$	5,537		$	6,120
	Nonimpaired:
	Notes receivable including interest less unrecognized revenue	$	54,089		$	42,459
	Accounts receivable	21,082			37,650
	Less allowance for uncollected interest, amounts due ADs, related deferred revenue and amounts due franchisees	(12,259		)	(19,992		)
	Net amount due	$	62,912		$	60,117
	Allowance for doubtful accounts for non-impaired notes and accounts receivable	$	883		$	564
	Total allowance for doubtful accounts	$	6,420		$	6,684
Schedule of aging of accounts and notes receivable	The aging of accounts and notes receivable at July 31, 2013 was as follows:
		Total			Allowance			Current		Total
		Past Due			for Uncollected					Receivables
					Interest
		(In thousands)
	Accounts receivable	$	23,058		$	(2,078	)	$	3,136	$	24,116
	Notes receivable	9,136			(1,464		)	53,549		61,221
	Total	$	32,194		$	(3,542	)	$	56,685	$	85,337

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jul. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The purchase price of assets acquired from franchisees was allocated as follows:
		Three Months Ended July 31,
		2013				2012
						As Restated
		(In thousands)
	Customer lists	$	786			$	401
	Reacquired rights	648				276
	Goodwill	1,721				1,065
	Total	$	3,155			$	1,742
	Changes in the carrying amount of goodwill for the three months ended July 31, 2013 are as follows:
		Goodwill				Accumulated impairment loss				Net
		(In thousands)
	Balance at April 30, 2013	$	6,457			$	(772	)		$	5,685
	Acquisitions of assets from franchisees	1,721				—				1,721
	Disposals and foreign currency changes, net	(428		)		14				(414		)
	Impairments	—				—				—
	Balance at July 31, 2013	$	7,750			$	(758	)		$	6,992
Schedule of the amortizable other intangible assets	Components of intangible assets are as follows:
				As of July 31, 2013										As of April 30, 2013
		Amortization		Gross				Accumulated				Net		Gross		Accumulated			Net
		period		carrying				amortization				carrying		carrying		amortization			carrying
				amount								amount		amount					amount
		(In thousands)
	Amortizable other intangible assets:
	Acquired customer lists	7 years		$	1,603			$	(299	)		$	1,304	$	1,603	$	(171	)	$	1,432
	Assets acquired from franchisees:
	Customer lists	4 years		2,419				(644		)		1,775		1,834		(582		)	1,252
	Reacquired rights	2 years		2,098				(1,169		)		929		1,640		(905		)	735
	Area developer rights	10 years		11,883				(2,614		)		9,269		9,842		(2,340		)	7,502
				$	18,003			$	(4,726	)		$	13,277	$	14,919	$	(3,998	)	$	10,921

Debt_Tables

Debt (Tables)	3 Months Ended
	Jul. 31, 2013
Debt Disclosure [Abstract]
Schedule of debt	Debt at July 31, 2013 and April 30, 2013 consisted of the following:
		31-Jul-13			30-Apr-13
		(In thousands)
	Credit Facility:
	Revolver	$	16,505		$	—
	Term loan	23,281			23,750
		39,786			23,750
	Other debt	4,272			3,933
		44,058			27,683
	Less: current portion	(3,918		)	(3,400		)
	Long-term debt	$	40,140		$	24,283

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	3 Months Ended
	Jul. 31, 2013
Equity [Abstract]
Schedule of activity in stockholders' equity	During the three months ended July 31, 2013 and 2012, activity in stockholders’ equity was as follows:
		31-Jul-13			July 31, 2012
		(In thousands)
	Class A common shares issued from the exercise of stock options	99			151
	Proceeds from exercise of stock options	$	1,492		$	1,592
	Class A common shares repurchased	51			56
	Payments for repurchased shares	$	863		$	843
	Tax benefit of stock option exercises	$	258		$	269
	Class A common shares issued upon conversion of Class A preferred shares	—			1,703
Schedule of computation of basic and diluted net income (loss) per share
		Three Months Ended
		July 31, 2012
		As Restated
		Class A			Class B
		Common Stock			Common Stock
		(in thousands, except for share and per
		share amounts)
	Basic and diluted net loss per share:
	Numerator
	Allocation of undistributed losses	$	(5,892	)	$	(471	)
	Denominator
	Weighted-average common shares outstanding	11,270,977			900,000
	Basic and diluted net loss per share	$	(0.52	)	$	(0.52	)
	The computation of basic and diluted net income (loss) per share for the three months ended July 31, 2013 and 2012 was as follows:
		Three Months Ended
		July 31, 2013
		Class A			Class B
		Common Stock			Common Stock
		(in thousands, except for share and per
		share amounts)
	Basic and diluted net loss per share:
	Numerator
	Allocation of undistributed losses	$	(5,513	)	$	(414	)
	Denominator
	Weighted-average common shares outstanding	11,995,286			900,000
	Basic and diluted net loss per share	$	(0.46	)	$	(0.46	)

Stock_Compensation_Plans_Table

Stock Compensation Plans (Tables)	3 Months Ended
	Jul. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of information for options granted	The following table summarizes the information for options granted in the three months ended July 31, 2013:
		2013
	Weighted average fair value of options granted	$	4.61
	Dividend yield	0		%
	Expected volatility	35.47		%
	Expected terms	3.8
	Risk-free interest rates	0.79		%
Schedule of stock option activity	Stock option activity during the three months ended July 31, 2013 was as follows:
		Number of			Weighted
		options			average
					exercise price
	Outstanding at April 30, 2013	2,534,683			$	14.81
	Granted	9,490			16.38
	Exercised	(99,464	)		15
	Canceled	(220,461	)		15.04
	Outstanding at July 31, 2013	2,224,248			14.78
Schedule of nonvested (options that did not vest in the period in which granted) stock option activity	Nonvested stock option (options that did not vest in the period in which granted) activity during the three months ended July 31, 2013 was as follows:
		Nonvested			Weighted
		options			average
					exercise price
	Outstanding at April 30, 2013	132,500			$	15
	Granted	9,490			16.38
	Vested	—			—
	Canceled	—			—
	Outstanding at July 31, 2013	141,990			15.09
Summary of information about stock options outstanding and exercisable	The following table summarizes information about stock options outstanding and exercisable at July 31, 2013:
	Number of shares outstanding at		Range of exercise prices				Weighted average exercise price		Weighted average remaining contractual life	Number of shares exercisable at	Weighted average exercise price
	31-Jul-13									31-Jul-13
	117,500		$	10.5			$	10.5	1.6	117,500	$	10.5
	1,846,500		14.00-16.50				15.02		3	1,714,000	15.02
	250,758		15				15		3.6	250,758	15
	9,490		16.38				16.38		4.8	—	16.38
	2,224,248									2,082,258
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	Restricted stock activity during the three months ended July 31, 2013 was as follows:
		Number of			Weighted
		RSUs			average fair value at grant date
	Outstanding at April 30, 2013	15,971			$	13.5
	Granted	16,348			16.38
	Exercised	—			—
	Canceled	—			—
	Outstanding at July 31, 2013	32,319			14.96

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jul. 31, 2013
Fair Value Disclosures [Abstract]
Schedule of cash equivalents	At July 31, 2013 and April 30, 2013 the Company had cash equivalents of:
		31-Jul-13		30-Apr-13
		(In thousands)
	Money market account	$	—	$	16,798
Schedule of the assets and liabilities that are measured at fair value on a recurring and nonrecurring basis, for each of the fair value hierarchy levels	At July 31, 2013 and April 30, 2013, the following tables present, for each of the fair value hierarchy levels, the assets and liabilities that are measured at fair value on a recurring and nonrecurring basis (in thousands):
				31-Jul-13
				Fair value measurements using
		Total		Level 1		Level 2		Level 3
	Assets:
	Recurring:
	Equity securities, available for sale	$	4,001	$	4,001	$	—	$	—
	Nonrecurring:
	Impaired accounts and notes receivable	7,041		—		—		7,041
		$	11,042	$	4,001	$	—	$	7,041

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Jul. 31, 2013
Related Party Transactions [Abstract]
Schedule of repurchase of common stock from related parties prior to going public	For the three months ended July 31, 2013 and 2012, the Company repurchased common stock from related parties as follows (all repurchases were in conjunction with the exercise of stock options):
		2013		2012
	Common stock repurchases:
	Shares repurchased	36,301		20,100
	Amount	$	600,030	$	301,000

Restatement_of_Previously_Issu1

Restatement of Previously Issued Financial Statements (Tables)	3 Months Ended
	Jul. 31, 2013
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	The following table summarizes the effects of the restatement on the condensed consolidated financial statements of operations for the three months ended July 31, 2012:
		July 31, 2012
		As Reported			Adjustments			As Restated
		(in thousands)
	Franchise fees	$	2,486		$	(1,820	)	$	666
	Provision for refunds	75			(75		)	—
	Area developer fees	—			1,923			1,923
	Royalties and advertising fees	1,007			317			1,324
	Interest income	2,659			(111		)	2,548
	Net gain on sale of company-owned offices and other revenue	191			74			265
	Total revenues	6,786			458			7,244
	General and administrative expenses	5,616			200			5,816
	Area developer expense	—			717			717
	Depreciation, amortization, and impairment charges	1,891			(300		)	1,591
	Total operating expenses	16,733			617			17,350
	Loss from operations	(9,947		)	(159		)	(10,106		)
	Loss before income taxes	(10,237		)	(159		)	(10,396		)
	Income tax benefit	(4,085		)	52			(4,033		)
	Net loss	$	(6,152	)	$	(211	)	$	(6,363	)
	Net loss per share of Class A and Class B common stock:
	Basic and Diluted	$	(0.51	)	$	(0.01	)	$	(0.52	)
	The adjustments reflected in the tables above include:
	•	Adjustments to franchise fees includes the reclassification of area developer fees to a separate caption, the net impact of changing our franchise fee recognition policy to receipt of funds and the change to gross presentation for the area developer portion
	•	Adjustments to provision for refunds is due to the change in our franchise fee recognition policy
	•	Adjustments to area developer fees is the net effect of reclassifying AD fees out of franchisee fees and the impact of recognizing revenue over the life of the agreement
	•	Adjustments to royalties and advertising reflects the change to gross presentation for the area developer portion of royalties
	•	Adjustments to interest income reflect the change to gross presentation for the area developer portion of interest and the conversion to cash basis from accrual basis for interest on notes related to unrecognized revenue
	•	Adjustments to general and administrative expense reflects the increase in the provision for bad debts due to the elimination of the provision for refunds
	•	Adjustments to area developer expense reflects the change to a gross presentation for franchise fees, royalties and interest owed to area developer
	•	Adjustments to amortization and impairment charges are the net effect of the change in purchase price allocation for company-owned offices acquired from franchisees and the impact of a smaller balance of area developer rights due to the netting of deferred revenue upon reacquisition
	•	Adjustments to the provision for income taxes reflects the impact of the restatement adjustments
	The following table presents the effect of the restatement adjustments on the condensed consolidated statements of comprehensive income for the three months ended July 31, 2012:
		31-Jul-12
		As Reported			Adjustments			As Restated
		(in thousands)
	Net loss	$	(6,152	)	$	(211	)	$	(6,363	)
	Comprehensive loss	(6,335		)	(211		)	(6,546		)

Organization_and_Significant_A2

Organization and Significant Accounting Policies (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012
Geographical concentration
Revenues	$8,065	$7,244	[1]
Canadian operations
Geographical concentration
Revenues	$520	$484
[1]	As restated - See Note 15 "Restatement of Previously Issued Financial Statements" of Notes to Condensed Consolidated Financial Statements.

Notes_and_Accounts_Receivable_1

Notes and Accounts Receivable (Details) (USD $)	3 Months Ended		12 Months Ended	0 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012	Apr. 30, 2013	Oct. 01, 2013	Jul. 31, 2013	Jul. 31, 2013
				Subsequent events	Franchise-related notes	Working capital and equipment notes
						Maximum
Notes receivable
Notes Receivable					5 years	1 year
Interest rate (as a percent)					12.00%
Annual finance charges on trade accounts receivable				12.00%
Activity related to notes receivable
Balance at beginning of period	$89,340	$79,838	$79,838
Sales of franchises and clusters of territories	825		6,770
Sales of certain assets to franchisees	695		15,130
Franchisee to franchisee note assumptions	1,813		11,259
Working capital and equipment loans to franchisees	7,304		75,642
Refinancing of accounts receivable	4,897		18,527
Notes received	15,534		127,328
Repayment of notes	-2,631		-95,664
Notes canceled	-4,677		-21,981
Foreign currency adjustment	-68		-181
Balance at end of period	97,498		89,340
Unrecognized revenue portion of notes receivable	-37,983		-39,731
Notes receivable less unrecognized revenue	59,515		49,609
Developer rights term	10 years
Amounts payable to area developers for their share of receivables	9,900		18,248
Activity in the allowance for doubtful accounts
Beginning balance	6,684	5,290	5,290
Additions charged to expense	1,562	1,528
Write-offs	-1,812	-1,425
Foreign currency adjustment	-14	-34
Ending balance	$6,420	$5,359	$6,684

Notes_and_Accounts_Receivable_2

Notes and Accounts Receivable (Details 2) (USD $)	Jul. 31, 2013	Apr. 30, 2013	Jul. 31, 2012	Apr. 30, 2012
In Thousands, unless otherwise specified
Allocation of allowance for doubtful accounts
Allowance for doubtful accounts for notes and accounts receivable	$6,420	$6,684	$5,359	$5,290
Impaired
Allocation of allowance for doubtful accounts
Less allowance for uncollected interest, amounts due ADs, related deferred revenue and amounts due franchisees	-2,119	-2,336
Net amount due	11,589	12,970
Allowance for doubtful accounts for notes and accounts receivable	5,537	6,120
Non-impaired
Allocation of allowance for doubtful accounts
Less allowance for uncollected interest, amounts due ADs, related deferred revenue and amounts due franchisees	-12,259	-19,992
Net amount due	62,912	60,117
Allowance for doubtful accounts for notes and accounts receivable	883	564
Notes receivable | Impaired
Allocation of allowance for doubtful accounts
Gross amount due	8,596	9,399
Notes receivable | Non-impaired
Allocation of allowance for doubtful accounts
Gross amount due	54,089	42,459
Accounts receivable | Impaired
Allocation of allowance for doubtful accounts
Gross amount due	5,112	5,907
Accounts receivable | Non-impaired
Allocation of allowance for doubtful accounts
Gross amount due	$21,082	$37,650

Notes_and_Accounts_Receivable_3

Notes and Accounts Receivable (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013
Aging of accounts and notes receivable
Total Past Due	$32,194
Allowance for Uncollected Interest	-3,542
Current	56,685
Total Receivables	85,337
Accounts receivable
Aging of accounts and notes receivable
Total Past Due	23,058
Allowance for Uncollected Interest	-2,078
Current	3,136
Total Receivables	24,116
Past due period	30 days
Notes receivable
Aging of accounts and notes receivable
Total Past Due	9,136
Allowance for Uncollected Interest	-1,464
Current	53,549
Total Receivables	$61,221
Past due period	90 days

Notes_and_Accounts_Receivable_4

Notes and Accounts Receivable (Details 4) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012	Apr. 30, 2013
Impaired notes receivable
Unfunded lending commitments for working capital loans to franchisees and area developers	$13,324
Notes receivable
Impaired notes receivable
Average investment in impaired notes receivable	8,998	6,234
Interest income related to impaired notes	201	138
Investment in notes receivable on nonaccrual status	$7,672		$8,375

Investments_Details

Investments (Details) (Corporate equity securities, USD $)	3 Months Ended	10 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2013
Corporate equity securities
Investments
Investments purchased	$2,980
Fair value of the investment	4,001	4,001
Unrealized gain, net of tax		$619

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013
Goodwill [Roll Forward]
Goodwill, Balance at April 30, 2013	$6,457
Accumulated impairment loss, Balance at April 30, 2013	-772
Net, Balance at April 30, 2013	5,685
Acquisitions of assets from franchisees	1,721
Goodwill, Disposals and foreign currency changes, net	-428
Accumulated impairment loss, Disposals and foreign currency changes, net	14
Net, Disposals and foreign currency changes, net	-414
Goodwill, Balance at July 31, 2013	7,750
Accumulated impairment loss, Balance at July 31, 2013	-758
Net, Balance at July 31, 2013	$6,992

Goodwill_and_Intangible_Assets3

Goodwill and Intangible Assets (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Apr. 30, 2013
Amortizable other intangible assets:
Gross carrying amount	$18,003	$14,919
Accumulated amortization	-4,726	-3,998
Net carrying amount	13,277	10,921
Acquired customer lists
Amortizable other intangible assets:
Amortization period	7 years
Gross carrying amount	1,603	1,603
Accumulated amortization	-299	-171
Net carrying amount	1,304	1,432
Customer lists
Amortizable other intangible assets:
Amortization period	4 years
Gross carrying amount	2,419	1,834
Accumulated amortization	-644	-582
Net carrying amount	1,775	1,252
Reacquired rights
Amortizable other intangible assets:
Amortization period	2 years
Gross carrying amount	2,098	1,640
Accumulated amortization	-1,169	-905
Net carrying amount	929	735
Area developer rights
Amortizable other intangible assets:
Amortization period	10 years
Gross carrying amount	11,883	9,842
Accumulated amortization	-2,614	-2,340
Net carrying amount	$9,269	$7,502

Goodwill_and_Intangible_Assets4

Goodwill and Intangible Assets (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012
Goodwill [Line Items]
Acquired assets of various franchisees	$3,155	$1,742
Customer lists
Goodwill [Line Items]
Acquired assets of various franchisees	786	401
Reacquired rights
Goodwill [Line Items]
Acquired assets of various franchisees	648	276
Goodwill
Goodwill [Line Items]
Acquired assets of various franchisees	$1,721	$1,065

Leases_Details

Leases (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012
Leases [Abstract]
Total rent expense for operating leases, net of subleases	$756	$642

Debt_Details

Debt (Details) (USD $)

Jul. 31, 2013

Apr. 30, 2013

Jul. 31, 2013

Apr. 30, 2013

Jul. 31, 2013

Jul. 31, 2013

Dec. 28, 2012

Jul. 31, 2013

Apr. 30, 2013

Dec. 28, 2012

Jul. 31, 2013

Apr. 30, 2013

Jul. 31, 2013

Apr. 30, 2013

Credit facility

Credit facility

Credit facility

Credit facility

Revolver

Revolver

Revolver

Revolver

Term loan

Term loan

Other debt

Other debt

Maximum

Minimum

Maximum

one-month London Inter-Bank Offered Rate (LIBOR)

one-month London Inter-Bank Offered Rate (LIBOR)

Credit facility

Maximum borrowing capacity

$105,000,000

$143,350,000

$25,000,000

Increase in the borrowing capacity available under accordion feature

70,000,000

Portion of accordion feature executed

38,350,000

Interest rate base

one-month London Inter-Bank Offered Rate (LIBOR)

Interest rate margin (as a percent)

2.25%

1.50%

Interest rate (as a percent)

1.94%

Total debt

44,058,000

27,683,000

39,786,000

23,750,000

16,505,000

0

23,281,000

23,750,000

4,272,000

3,933,000

Less: current portion

-3,918,000

-3,400,000

Long-term debt

$40,140,000

$24,283,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012
Income Tax Disclosure [Abstract]
Income tax benefit	$3,705	$4,033	[1]
[1]	As restated - See Note 15 "Restatement of Previously Issued Financial Statements" of Notes to Condensed Consolidated Financial Statements.

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012		Apr. 30, 2013
Stockholders' Equity
Proceeds from the exercise of stock options	$1,492	$1,592	[1]
Payments for repurchased shares	863	843	[1]
Tax benefit of stock option exercises	258	269
Foreign currency adjustment	666			807
Unrealized gain on equity securities available for sale	619			387
Basic and diluted net loss per share:
Numerator, Allocation of undistributed losses	-5,927	-6,363	[1]
Basic and diluted net loss per share (in dollars per share)	($0.46)	($0.52)	[1]
Antidilutive securities
Impact of shares of common stock from the exercise of options excluded from computation of diluted net income per share because the effect would be antidilutive	2,256,567	2,836,817
Class A preferred stock
Net Income (Loss) per Share
Number of shareholders elected to convert their shares		2
Converted preferred stock		170,320
Class A common stock
Stockholders' Equity
Class A common shares issued from the exercise of stock options	99,000	151,000
Class A common shares repurchased	51,000	56,000
Class A common shares issued upon conversion of Class A preferred shares	0	1,703,200
Basic and diluted net loss per share:
Numerator, Allocation of undistributed losses	-5,513	-5,892
Denominator, Weighted-average common shares outstanding	11,995,286	11,270,977
Basic and diluted net loss per share (in dollars per share)	($0.46)	($0.52)
Class B common stock
Basic and diluted net loss per share:
Numerator, Allocation of undistributed losses	($414)	($471)
Denominator, Weighted-average common shares outstanding	900,000	900,000
Basic and diluted net loss per share (in dollars per share)	($0.46)	($0.52)
[1]	As restated - See Note 15 "Restatement of Previously Issued Financial Statements" of Notes to Condensed Consolidated Financial Statements.

Stock_Compensation_Plans_Detai

Stock Compensation Plans (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Jul. 31, 2013
Information for options granted
Weighted average fair value of options granted (in dollars per share)	$4.61
Stock Option
Information for options granted
Dividend yield (as a percent)	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	35.47%
Expected terms	3 years 9 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.79%
Stock option activity, Number of options
Outstanding at the beginning of the period (in shares)	2,534,683
Granted (in shares)	9,490
Exercised (in shares)	-99,464
Canceled (in shares)	-220,461
Outstanding at the end of the period (in shares)	2,224,248
Stock option activity, Weighted average exercise price
Outstanding at the beginning of the period (in dollars per share)	$14.81
Granted (in dollars per share)	$16.38
Exercised (in dollars per share)	$15
Canceled (in dollars per share)	$15.04
Outstanding at the end of the period (in dollars per share)	$14.78
Additional disclosures
Total intrinsic value of options exercised	$205
Nonvested stock option activity, Nonvested options
Outstanding at the beginning of the period (in shares)	132,500
Granted (in shares)	9,490
Vested (in shares)	0
Canceled (in shares)	0
Outstanding at the end of the period (in shares)	141,990
Nonvested stock option activity, Weighted average exercise price
Outstanding at the beginning of the period (in dollars per share)	$15
Granted (in dollars per share)	$16.38
Vested (in dollars per share)	$0
Canceled (in dollars per share)	$0
Outstanding at the end of the period (in dollars per share)	$15.09
Unrecognized compensation costs related to nonvested stock options
Unrecognized compensation costs	678
Stock Option | Nonemployee directors
Stock compensation plan
Vesting period	6 months
Exercise period	5 years
Stock option activity, Number of options
Granted (in shares)	9,490
Restricted Stock Units
Stock compensation plan
Vesting period	18 months
Unrecognized compensation costs related to nonvested stock options
Unrecognized compensation costs	$273
2011 Equity and Cash Incentive Plan
Stock compensation plan
Class A common stock available for grant (in shares)	2,222,062

Stock_Compensation_Plans_Detai1

Stock Compensation Plans (Details 2) (USD $)	0 Months Ended	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 11, 2013	Jul. 31, 2013	Apr. 30, 2013
Stock options outstanding and exercisable
Volatility calculated by company public trading history		50.00%
Volatility calculated by competitor public trading history		50.00%
Conversion of stock options from equity to liability			997,824
Share-based arrangement fair value disclosure			$5,111
Share based compensation credit due to reclass from liability to equity	872
Stock Option
Stock options outstanding and exercisable
Number of shares outstanding at the end of the period		2,224,248
Number of shares exercisable at the end of the period		2,082,258
Increase to reclass from equity to liability			$2,625
Restricted Stock Units
Stock options outstanding and exercisable
Fair value at grant date (in dollars per share)		$16.38
Vesting period		18 months
$10.50 | Stock Option
Stock options outstanding and exercisable
Number of shares outstanding at the end of the period		117,500
Exercise price, low end of range (in dollars per share)		$10.50
Exercise price, high end of range (in dollars per share)		$10.50
Weighted average exercise price (in dollars per share)		$10.50
Weighted average remaining contractual life		1 year 7 months 6 days
Number of shares exercisable at the end of the period		117,500
Weighted average exercise price (in dollars per share)		$10.50
$14.00-$16.50 | Stock Option
Stock options outstanding and exercisable
Number of shares outstanding at the end of the period		1,846,500
Exercise price, low end of range (in dollars per share)		$14
Exercise price, high end of range (in dollars per share)		$16.50
Weighted average exercise price (in dollars per share)		$15.02
Weighted average remaining contractual life		3 years
Number of shares exercisable at the end of the period		1,714,000
Weighted average exercise price (in dollars per share)		$15.02
$15.00 | Stock Option
Stock options outstanding and exercisable
Number of shares outstanding at the end of the period		250,758
Exercise price, low end of range (in dollars per share)		$15
Exercise price, high end of range (in dollars per share)		$15
Weighted average exercise price (in dollars per share)		$15
Weighted average remaining contractual life		3 years 7 months 6 days
Number of shares exercisable at the end of the period		250,758
Weighted average exercise price (in dollars per share)		$15
$16.38 | Stock Option
Stock options outstanding and exercisable
Number of shares outstanding at the end of the period		9,490
Exercise price, low end of range (in dollars per share)		$16.38
Exercise price, high end of range (in dollars per share)		$16.38
Weighted average exercise price (in dollars per share)		$16.38
Weighted average remaining contractual life		4 years 9 months 18 days
Number of shares exercisable at the end of the period		0
Weighted average exercise price (in dollars per share)		$16.38

Stock_Compensation_Plans_Detai2

Stock Compensation Plans (Details 3) (Restricted Stock Units, USD $)	3 Months Ended
	Jul. 31, 2013
Restricted Stock Units
Number of RSUs
Outstanding at April 30, 2013 (in shares)	15,971
Granted (in shares)	16,348
Exercised (in shares)	0
Canceled (in shares)	0
Outstanding at July 31, 2013 (in shares)	32,319
Weighted average fair value at grant date
Outstanding at April 30, 2013 (in dollars per share)	$13.50
Granted (in dollars per share)	$16.38
Exercised (in dollars per share)	$0
Canceled (in dollars per share)	$0
Outstanding at July 31, 2013 (in dollars per share)	$14.96

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments (Details) (USD $)	Jul. 31, 2013	Apr. 30, 2013
In Thousands, unless otherwise specified
Assets:
Cash equivalents, money market account	$0	$16,798
Equity securities
Assets:
Available-for-Sale Securities	4,001
Total
Assets:
Assets, Fair Value Disclosure, Recurring		30,383
Liabilities:
Liabilities:	11,042
Level 1
Assets:
Assets, Fair Value Disclosure, Recurring		20,417
Liabilities:
Liabilities:	4,001
Level 2
Assets:
Assets, Fair Value Disclosure, Recurring		0
Liabilities:
Liabilities:	0
Level 3
Assets:
Assets, Fair Value Disclosure, Recurring		9,966
Liabilities:
Liabilities:	7,041
Recurring | Total
Assets:
Available-for-Sale Securities		3,619
Cash equivalents, money market account		16,798
Assets, Fair Value Disclosure, Recurring		20,417
Liabilities:
Liability classified share-based instrument		5,111
Recurring | Total | Equity securities
Assets:
Available-for-Sale Securities	4,001
Recurring | Level 1
Assets:
Available-for-Sale Securities		3,619
Cash equivalents, money market account		16,798
Assets, Fair Value Disclosure, Recurring		20,417
Liabilities:
Liability classified share-based instrument		0
Recurring | Level 1 | Equity securities
Assets:
Available-for-Sale Securities	4,001
Recurring | Level 2
Assets:
Available-for-Sale Securities		0
Cash equivalents, money market account		0
Assets, Fair Value Disclosure, Recurring		0
Liabilities:
Liability classified share-based instrument		5,111
Recurring | Level 2 | Equity securities
Assets:
Available-for-Sale Securities	0
Recurring | Level 3
Assets:
Available-for-Sale Securities		0
Cash equivalents, money market account		0
Assets, Fair Value Disclosure, Recurring		0
Liabilities:
Liability classified share-based instrument		0
Recurring | Level 3 | Equity securities
Assets:
Available-for-Sale Securities	0
Nonrecurring | Total
Assets:
Impaired accounts and notes receivable	7,041	7,973
Impaired goodwill		1,254
Impaired reacquired rights		286
Impaired customer lists		453
Assets Fair Value Disclosure Excluding Money Market Funds		9,966
Nonrecurring | Level 1
Assets:
Impaired accounts and notes receivable	0	0
Impaired goodwill		0
Impaired reacquired rights		0
Impaired customer lists		0
Assets Fair Value Disclosure Excluding Money Market Funds		0
Nonrecurring | Level 2
Assets:
Impaired accounts and notes receivable	0	0
Impaired goodwill		0
Impaired reacquired rights		0
Impaired customer lists		0
Assets Fair Value Disclosure Excluding Money Market Funds		0
Nonrecurring | Level 3
Assets:
Impaired accounts and notes receivable	7,041	7,973
Impaired goodwill		1,254
Impaired reacquired rights		286
Impaired customer lists		453
Assets Fair Value Disclosure Excluding Money Market Funds		$9,966

Related_Party_Transactions_Det

Related Party Transactions (Details) (Common Stock, Directors and Affiliated Companies and Officers, USD $)	3 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Common Stock | Directors and Affiliated Companies and Officers
Related Party Transaction [Line Items]
Shares repurchased	36,301	20,100
Amount	$600,030	$301,000

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (ERC class action litigation, Minimum, USD $)	1 Months Ended
	Jun. 30, 2012
ERC class action litigation | Minimum
Commitments and contingencies
Potential damages sought by plaintiffs	$5,000,000

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	3 Months Ended			0 Months Ended
	Jul. 31, 2013	Jul. 31, 2013	Jul. 31, 2013	Sep. 20, 2013	Sep. 20, 2013	Sep. 20, 2013	Sep. 20, 2013	Sep. 20, 2013
	Restricted Stock Units	Stock Option	Nonemployee directors	Subsequent events	Subsequent events	Subsequent events	Subsequent events	Subsequent events
			Stock Option	Stock Option	Stock Option	Stock Option	Certain Employees and Non-employee Directors	Nonemployee directors
					Minimum	Maximum		Restricted Stock Units
Subsequent events
Options awarded to non employee directors		9,490	9,490				397,284
Shares awarded to non employee directors								7,134
Grants in period, weighted average grant date fair value		$16.38					$17.95
Vesting period	18 months		6 months		6 months	3 years
Exercise period after the vesting date				5 years

Restatement_of_Previously_Issu2

Restatement of Previously Issued Financial Statements Statement of Income (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012
Developer rights term	10 years
Franchise fees	$1,039	$666	[1]
Provision for refunds		0
Area developer fees	1,803	1,923	[1]
Royalties and advertising fees	1,449	1,324	[1]
Interest income	2,234	2,548	[1]
Net gain on sale of company-owned offices and other revenue	705	265	[1]
Total revenues	8,065	7,244	[1]
General and administrative expenses	6,266	5,816	[1]
Area developer expense	828	717	[1]
Depreciation, amortization, and impairment charges	1,578	1,591	[1]
Total operating expenses	17,445	17,350	[1]
Loss from operations	-9,380	-10,106	[1]
Loss before income taxes	-9,632	-10,396	[1]
Income tax benefit	-3,705	-4,033	[1]
Net loss	-5,927	-6,363	[1]
Basic and diluted (in dollars per share)	($0.46)	($0.52)	[1]
As Reported
Franchise fees		2,486
Provision for refunds		75
Area developer fees		0
Royalties and advertising fees		1,007
Interest income		2,659
Net gain on sale of company-owned offices and other revenue		191
Total revenues		6,786
General and administrative expenses		5,616
Area developer expense		0
Depreciation, amortization, and impairment charges		1,891
Total operating expenses		16,733
Loss from operations		-9,947
Loss before income taxes		-10,237
Income tax benefit		-4,085
Net loss		-6,152
Basic and diluted (in dollars per share)		($0.51)
Adjustments
Franchise fees		-1,820
Provision for refunds		-75
Area developer fees		1,923
Royalties and advertising fees		317
Interest income		-111
Net gain on sale of company-owned offices and other revenue		74
Total revenues		458
General and administrative expenses		200
Area developer expense		717
Depreciation, amortization, and impairment charges		-300
Total operating expenses		617
Loss from operations		-159
Loss before income taxes		-159
Income tax benefit		52
Net loss		($211)
Basic and diluted (in dollars per share)		($0.01)
[1]	As restated - See Note 15 "Restatement of Previously Issued Financial Statements" of Notes to Condensed Consolidated Financial Statements.

Restatement_of_Previously_Issu3

Restatement of Previously Issued Financial Statements Statement of Comprehensive Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jul. 31, 2013	Jul. 31, 2012
Net loss	($5,927)	($6,363)	[1]
Comprehensive loss	-5,835	-6,546	[1]
As Reported
Net loss		-6,152
Comprehensive loss		-6,335
Adjustments
Net loss		-211
Comprehensive loss		($211)
[1]	As restated - See Note 15 "Restatement of Previously Issued Financial Statements" of Notes to Condensed Consolidated Financial Statements.