Logility Supply Chain Solutions (LGTY) 10-Q 7 Dec 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2015	Nov. 27, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	AMSWA
Entity Registrant Name	AMERICAN SOFTWARE INC
Entity Central Index Key	713,425
Current Fiscal Year End Date	--04-30
Entity Filer Category	Accelerated Filer
Class A Common Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		26,113,577
Class B Common Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,587,086

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2015	Apr. 30, 2015
Current assets:
Cash and cash equivalents	$ 41,522	$ 44,655
Investments	19,473	17,584
Trade accounts receivable, less allowance for doubtful accounts of $153 at October 31, 2015 and $215 at April 30, 2015
Billed	14,550	16,018
Unbilled	3,745	3,585
Prepaid expenses and other current assets	4,422	3,748
Total current assets	83,712	85,590
Investments-Noncurrent	11,143	13,156
Property and equipment, net of accumulated depreciation of $32,051 at October 31, 2015 and $31,632 at April 30, 2015	3,368	3,548
Capitalized software, net of accumulated amortization of $14,204 at October 31, 2015 and $12,252 at April 30, 2015	9,853	9,815
Goodwill	18,749	18,749
Other intangibles, net of accumulated amortization of $4,302 at October 31, 2015 and $3,857 at April 30, 2015	2,303	2,748
Other assets	655	660
Total assets	129,783	134,266
Current liabilities:
Accounts payable	883	920
Accrued compensation and related costs	3,486	3,048
Dividends payable	2,869	2,861
Other current liabilities	2,363	3,274
Deferred income taxes	693	636
Deferred revenue	24,466	28,511
Total current liabilities	34,760	39,250
Deferred income taxes	700	995
Long-term deferred revenue	329	290
Other long-term liabilities	605	805
Total liabilities	36,394	41,340
Shareholders' equity:
Additional paid-in capital	112,357	110,829
Retained earnings	3,153	4,159
Class A treasury stock, 4,576,166 shares at October 31, 2015 and 4,568,297 shares at April 30, 2015, at cost	(25,448)	(25,378)
Total shareholders' equity	$ 93,389	$ 92,926
Commitments and contingencies
Total liabilities and shareholders' equity	$ 129,783	$ 134,266
Class A Common Shares
Shareholders' equity:
Common stock value	3,068	3,057
Class B Common Shares
Shareholders' equity:
Common stock value	$ 259	$ 259

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2015	Apr. 30, 2015
Allowance for doubtful accounts receivable	$ 153	$ 215
Property and equipment, accumulated depreciation	32,051	31,632
Capitalized software, accumulated amortization	14,204	12,252
Other intangibles, accumulated amortization	$ 4,302	$ 3,857
Class A treasury stock, shares	4,576,166	4,568,297
Class A Common Shares
Common stock, par value	$ 0.1	$ 0.1
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	30,678,947	30,566,099
Class B Common Shares
Common stock, par value	$ 0.1	$ 0.1
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,587,086	2,587,086
Common stock, shares outstanding	2,587,086	2,587,086

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Revenues:
License		$ 5,563	$ 3,012	$ 10,439	$ 7,380
Services and other		13,463	11,794	27,308	22,786
Maintenance		10,044	9,771	20,181	19,268
Total revenues		29,070	24,577	57,928	49,434
Cost of revenues:
License		2,002	1,763	3,929	3,499
Services and other		9,923	8,543	19,374	16,338
Maintenance		2,248	2,175	4,411	4,156
Total cost of revenues		14,173	12,481	27,714	23,993
Gross margin		14,897	12,096	30,214	25,441
Research and development		2,416	2,810	5,165	6,006
Sales and marketing		5,465	4,574	10,698	9,218
General and administrative		3,620	3,161	7,067	6,376
Amortization of acquisition-related intangibles		68	107	136	192
Provision for doubtful accounts			65		107
Total operating expenses		11,569	10,717	23,066	21,899
Operating income (loss)		3,328	1,379	7,148	3,542
Other income (expense):
Interest income		326	279	657	559
Other, net		(193)	210	(221)	236
Earnings (loss) before income taxes		3,461	1,868	7,584	4,337
Income tax expense		1,308	693	2,859	1,628
Net earnings		$ 2,153	$ 1,175	$ 4,725	$ 2,709
Earnings per common share :
Basic	[1]	$ 0.08	$ 0.04	$ 0.16	$ 0.10
Diluted	[1]	0.07	0.04	0.16	0.10
Cash dividends declared per common share		$ 0.10	$ 0.10	$ 0.20	$ 0.20
Shares used in the calculation of earnings per common share:
Basic		28,660	28,270	28,637	28,252
Diluted		28,941	28,586	28,910	28,595
[1]	Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted earnings per share for Class B shares under the two-class method are $0.08 and $0.04 for the three months ended October 31, 2015 and 2014 and $0.16 and $0.10 for the six months ended October 31, 2015 and 2014, respectively. See Note D to the Condensed Consolidated Financial Statements.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations (Parenthetical) - $ / shares		3 Months Ended		6 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Diluted	[1]	$ 0.07	$ 0.04	$ 0.16	$ 0.10
Class B Common Shares
Diluted		$ 0.08	$ 0.04	$ 0.16	$ 0.10
[1]	Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted earnings per share for Class B shares under the two-class method are $0.08 and $0.04 for the three months ended October 31, 2015 and 2014 and $0.16 and $0.10 for the six months ended October 31, 2015 and 2014, respectively. See Note D to the Condensed Consolidated Financial Statements.

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Cash flows from operating activities:
Net earnings	$ 4,725	$ 2,709
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	2,818	2,839
Stock-based compensation expense	808	794
Accretion of liability from purchase of business	6	3
Tax benefit of stock options exercised	22	81
Excess tax benefits from stock-based compensation	(21)	(78)
Net loss on investments	539	17
Deferred income taxes	(238)	(358)
Changes in operating assets and liabilities, net of effects of acquisition:
Purchases of trading securities	(6,850)	(10,882)
Proceeds from maturities and sales of trading securities	6,435	5,755
Accounts receivable, net	1,308	2,725
Prepaid expenses and other assets	(668)	(779)
Accounts payable and other liabilities	(516)	(2,853)
Deferred revenue	(4,006)	(235)
Net cash provided by (used in) operating activities	4,362	(262)
Cash flows from investing activities:
Capitalized computer software development costs	(1,990)	(846)
Purchases of property and equipment, net of disposals	(241)	(232)
Purchase of business, net of cash acquired		(7,909)
Net cash used in investing activities	(2,231)	(8,987)
Cash flows from financing activities:
Repurchase of common stock	(70)	(780)
Excess tax benefits from stock based compensation	21	78
Proceeds from exercise of stock options	709	597
Payment for accrued acquisition consideration	(200)	(200)
Dividends paid	(5,724)	(5,648)
Net cash used in financing activities	(5,264)	(5,953)
Net change in cash and cash equivalents	(3,133)	(15,202)
Cash and cash equivalents at beginning of period	44,655	55,803
Cash and cash equivalents at end of period	$ 41,522	$ 40,601

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	6 Months Ended
	Oct. 31, 2015
Basis of Presentation and Principles of Consolidation	A. Basis of Presentation and Principles of Consolidation Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required for complete financial statements. In the opinion of our management, these condensed consolidated financial statements contain all normal recurring adjustments considered necessary for a fair presentation of the financial position at October 31, 2015, the results of operations for the three and six months ended October 31, 2015 and 2014 and cash flows for the six months ended October 31, 2015 and 2014. The results for the three and six months ended October 31, 2015 are not necessarily indicative of the results expected for the full year. You should read these statements in conjunction with our audited consolidated financial statements and management’s discussion and analysis and results of operations included in our Annual Report on Form 10-K for the fiscal year ended April 30, 2015. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Note 1 in the Notes to the Consolidated Financial Statements for the fiscal year ended April 30, 2015 describes the significant accounting policies that we have used in preparing our financial statements. On an ongoing basis, we evaluate our estimates, including but not limited to those related to revenue/collectability, bad debts, capitalized software costs, goodwill, intangible asset measurement and impairment, stock-based compensation, income taxes, allocation of fair value in acquisitions and contingencies. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Our actual results could differ materially from these estimates under different assumptions or conditions. Principles of Consolidation The consolidated financial statements include the accounts of American Software, Inc. (“American Software” or the “Company”), and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Oct. 31, 2015
Revenue Recognition	B. Revenue Recognition We recognize revenue in accordance with the Software Revenue Recognition Topic of the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification. License . Maintenance . Services . Subscription and other recurring revenues include fees for access rights to software solutions that are offered under a subscription-based delivery model where the users have the right to take possession of the software. Under this model, the software applications are hosted by the Company or by a third party and the customer accesses and uses the software on an as-needed basis over the Internet or via a dedicated line. The underlying arrangements typically include a single fee for the service that is billed monthly, quarterly or annually, and provides the customer with an option to take delivery of the software at any time during or after the subscription term. In addition, subscription and other recurring revenues include subscription-based software license revenues where the customer has taken physical possession of the software for a defined period of time. Subscription revenues are recognized ratably over the subscription term because the Company is unable to establish VSOE and separate the various elements, beginning on the commencement date of each contract. As of October 31, 2015, revenue recorded under this accounting treatment has not been significant. Indirect Channel Revenue . Deferred Revenue . Sales Taxes . Unbilled Accounts Receivable .

Declaration of Dividend Payable

Declaration of Dividend Payable	6 Months Ended
	Oct. 31, 2015
Declaration of Dividend Payable	C. Declaration of Dividend Payable On August 17, 2015, our Board of Directors declared a quarterly cash dividend of $0.10 per share of our Class A and Class B common stock. The cash dividend is payable on December 4, 2015 to Class A and Class B shareholders of record at the close of business on November 13, 2015.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Oct. 31, 2015
Earnings Per Common Share	D. Earnings Per Common Share We have two classes of common stock of which Class B Common Shares are convertible into Class A Common Shares at any time, on a one-for-one basis. Under our Articles of Incorporation, if we declare dividends, holders of Class A Common Shares shall receive a $0.05 dividend per share prior to the Class B Common Shares receiving any dividend and holders of Class A Common Shares shall receive a dividend at least equal to Class B Common Shares dividends on a per share basis. As a result, we have computed the earnings per share in accordance with Earnings Per Share within the Presentation Topic of the FASB’s Accounting Standards Codification, which requires companies that have multiple classes of equity securities to use the “two-class” method in computing earnings per share. For our basic earnings per share calculation, we use the “two-class” method. Basic earnings per share are calculated by dividing net earnings attributable to each class of common stock by the weighted average number of shares outstanding. All undistributed earnings are allocated evenly between Class A and B Common Shares in the earnings per share calculation to the extent that earnings equal or exceed $0.05 per share. This allocation is based on management’s judgment after considering the dividend rights of the two classes of common stock, the control of the Class B shareholders and the convertibility rights of the Class B shares to Class A shares. The calculation of diluted earnings per share is similar to the calculation of basic earnings per share, except that the calculation includes the dilutive effect of the assumed exercise of options issuable under our stock incentive plans. For our diluted earnings per share calculation for Class A shares, we use the “if-converted” method. This calculation assumes that all Class B Common Shares are converted into Class A Common Shares and, as a result, assumes there are no holders of Class B Common Shares to participate in undistributed earnings. For our diluted earnings per share calculation for Class B shares, we use the “two-class” method. This calculation does not assume that all Class B Common Shares are converted into Class A Common Shares. In addition, this method assumes the dilutive effect if Class A stock options were converted to Class A shares and the undistributed earnings are allocated evenly to both Class A and B shares including Class A shares issued pursuant to those converted stock options. This allocation is based on management’s judgment after considering the dividend rights of the two classes of common stock, the control of the Class B shareholders and the convertibility rights of the Class B shares into Class A shares. The following tables set forth the computation of basic earnings per common share and diluted earnings per common share (in thousands except for per share amounts): Basic earnings per common share: Three Months Ended Six Months Ended Class A Class B Class A Class B Distributed earnings $ 0.10 $ 0.10 $ 0.20 $ 0.20 Undistributed loss (0.02 ) (0.02 ) (0.04 ) (0.04 ) Total $ 0.08 $ 0.08 $ 0.16 $ 0.16 Distributed earnings $ 2,610 $ 259 $ 5,215 $ 517 Undistributed loss (651 ) (65 ) (916 ) (91 ) Total $ 1,959 $ 194 $ 4,299 $ 426 Basic weighted average common shares outstanding 26,073 2,587 26,050 2,587 Three Months Ended Six Months Ended Class A Class B Class A Class B Distributed earnings $ 0.10 $ 0.10 $ 0.20 $ 0.20 Undistributed loss (0.06 ) (0.06 ) (0.10 ) (0.10 ) Total $ 0.04 $ 0.04 $ 0.10 $ 0.10 Distributed earnings $ 2,566 $ 259 $ 5,133 $ 517 Undistributed loss (1,499 ) (151 ) (2,672 ) (269 ) Total $ 1,067 $ 108 $ 2,461 $ 248 Basic weighted average common shares outstanding 25,683 2,587 25,665 2,587 Diluted EPS for Class A Common Shares Using the If-Converted Method Three Months Ended October 31, 2015 Undistributed Class A EPS Per Basic $ 1,959 26,073 $ 0.08 Common Stock Equivalents — 281 — 1,959 26,354 0.07 Class B Conversion 194 2,587 — Diluted EPS for Class A $ 2,153 28,941 $ 0.07 Six Months Ended October 31, 2015 Undistributed Class A EPS Per Basic $ 4,299 26,050 $ 0.16 Common Stock Equivalents — 273 — 4,299 26,323 0.16 Class B Conversion 426 2,587 — Diluted EPS for Class A $ 4,725 28,910 $ 0.16 Three Months Ended October 31, 2014 Undistributed Class A EPS Per Basic $ 1,067 25,683 $ 0.04 Common Stock Equivalents — 316 — 1,067 25,999 0.04 Class B Conversion 108 2,587 — Diluted EPS for Class A $ 1,175 28,586 $ 0.04 Six Months Ended October 31, 2014 Undistributed Class A EPS Per Basic $ 2,461 25,665 $ 0.10 Common Stock Equivalents — 343 — 2,461 26,008 0.10 Class B Conversion 248 2,587 — Diluted EPS for Class A $ 2,709 28,595 $ 0.10 Diluted EPS for Class B Common Shares Using the Two-Class Method Three Months Ended October 31, 2015 Undistributed Class B EPS Per Basic $ 194 2,587 $ 0.08 Reallocation of undistributed earnings to Class A shares from Class B shares 1 — — Diluted EPS for Class B $ 195 2,587 $ 0.08 Six Months Ended October 31, 2015 Undistributed Class B EPS Per Basic $ 426 2,587 $ 0.16 Reallocation of undistributed earnings to Class A shares from Class B shares — — — Diluted EPS for Class B $ 426 2,587 $ 0.16 Three Months Ended October 31, 2014 Undistributed Class B EPS Per Basic $ 108 2,587 $ 0.04 Reallocation of undistributed earnings to Class A shares from Class B shares 2 — — Diluted EPS for Class B $ 110 2,587 $ 0.04 Six Months Ended October 31, 2014 Undistributed Class B EPS Per Basic $ 248 2,587 $ 0.10 Reallocation of undistributed earnings to Class A shares from Class B shares 3 — — Diluted EPS for Class B $ 251 2,587 $ 0.10 For the three and six months ended October 31, 2015, we excluded options to purchase 1,534,533 and 1,221,956 Class A Common Shares, respectively, and for the three and six months ended October 31, 2014, we excluded options to purchase 940,630 and 802,428 Class A Common Shares, respectively, from the computation of diluted earnings per Class A Common Shares. We excluded these option share amounts because the exercise prices of those options were greater than the average market price of the Class A Common Shares during the applicable period. As of October 31, 2015, we had a total of 3,659,371 options outstanding and, as of October 31, 2014, we had a total of 3,079,049 options outstanding.

Acquisitions

Acquisitions	6 Months Ended
	Oct. 31, 2015
Acquisitions	E. Acquisitions We account for business combinations using the acquisition method of accounting and accordingly, the identifiable assets acquired and liabilities assumed are recorded based upon management’s estimates of current fair values as of the acquisition date. The estimation process includes analyses based on income and market approaches. Goodwill represents the excess purchase price over the fair value of net assets, including the amount assigned to identifiable intangible assets. The goodwill generated is due in part to the synergies that are not included in the fair value of identifiable intangible assets. Goodwill recorded in an acquisition is assigned to applicable reporting units based on expected revenues. Identifiable intangible assets with finite lives are amortized over their useful lives. Amortization of current technology is recorded in Cost of Revenue-License and amortization of all other intangible assets is recorded in Amortization of acquisition-related intangibles. Acquisition-related costs, including advisory, legal, accounting, valuation and other costs, are expensed in general and administrative expenses in the periods in which the costs are incurred. The results of operations of acquired businesses are included in the consolidated financial statements from the acquisition date. Effective May 30, 2014, the Company entered into an Asset Purchase Agreement (“Purchase Agreement”) with privately-held MID Retail, Inc., an Indiana corporation (“MRI”). Pursuant to the Purchase Agreement, the Company acquired 100% of the total issued and outstanding shares of capital stock of MRI, a provider of retail allocation and merchandise planning solutions. This acquisition will expand and complement the products and services offered by Logility. Under the terms of the Purchase Agreement, the Company acquired the capital stock for an effective purchase price of approximately $8,507,000 in cash plus a $678,000 working capital adjustment. Additional consideration is payable at the end of each 12-month period in the 24-month period following the closing date (such 24-month period being the “Earnout Period”) equal to 15% of the license fee revenues contracted for and recorded as revenue in accordance with GAAP by either MRI or the Company from the sale of MRI Software during such 12-month period, up to a maximum aggregate amount of $1.5 million over the Earnout Period. This additional consideration will be accounted for as post-combination services and, therefore, will be expensed as incurred. The Company incurred acquisition costs of approximately $282,000 during the year ended April 30, 2015. The operating results of MRI are not material for proforma disclosure. We allocated $4,930,000 of the total purchase price to goodwill, which has been assigned to the Supply Chain Management segment and is deductible for income tax purposes. The following allocation of the total purchase price reflects the fair value of the assets acquired and liabilities assumed as of May 30, 2014 (in thousands): Useful Life Cash $ 1,277 Accounts receivable, net 546 Current assets 35 Property and equipment, net 32 Other assets 505 Goodwill 4,930 Non-compete 290 3 years Customer relationships 1,400 8 years Current technology 1,500 3 years Total Assets Acquired 10,515 Current liabilities (825 ) Long-term liabilities (505 ) Total liabilities assumed (1,330 ) Net assets acquired $ 9,185 Non-compete agreements, customer relationships and current technology are being amortized on a straight-line basis over the remaining estimated economic life of the assets, including the period being reported. The fair value of deferred revenues in a business combination is considered to be an assumed liability (which must arise from a legal performance obligation) and, accordingly, is estimated based on the direct cost of fulfilling the obligation plus a normal profit margin, which approximates fair value. Also, in practice, the normal profit margin is limited to the profit margin on the costs to provide the product or service (that is, the fulfillment effort).

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Oct. 31, 2015
Stock-Based Compensation	F. Stock-Based Compensation During the six months ended October 31, 2015 and 2014, we granted options for 1,063,000 and 325,000 shares of common stock, respectively. We recorded stock option compensation cost of approximately $410,000 and $390,000 and related income tax benefits of approximately $151,000 and $137,000 during the three months ended October 31, 2015 and 2014, respectively. We recorded stock option compensation cost of approximately $808,000 and $794,000 and related income tax benefits of approximately $297,000 and $272,000 during the six months ended October 31, 2015 and 2014, respectively. We record stock-based compensation expense on a straight-line basis over the vesting period directly to additional paid-in capital. We classify cash flows resulting from the tax deductions in excess of the tax benefits initially recognized for those options (excess tax benefits) as financing cash flows. During the six months ended October 31, 2015 and 2014, we realized excess tax benefits of approximately $21,000 and $78,000, respectively. During the six months ended October 31, 2015 and 2014, we issued 112,848 and 117,932 shares of common stock, respectively, resulting from the exercise of stock options. The total intrinsic value of options exercised during the six months ended October 31, 2015 and 2014 based on market value at the exercise dates was approximately $321,000 and $489,000, respectively. As of October 31, 2015, unrecognized compensation cost related to unvested stock option awards approximated $3.7 million, which we expect to recognize over a weighted average period of 1.79 years.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Oct. 31, 2015
Fair Value of Financial Instruments	G. Fair Value of Financial Instruments We measure our investments based on a fair value hierarchy disclosure framework that prioritizes and ranks the level of market price observability used in measuring assets and liabilities at fair value. A number of factors affect market price observability, including the type of asset or liability and its characteristics. This hierarchy prioritizes the inputs into three broad levels as follows: • Level 1—Quoted prices in active markets for identical instruments. • Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. • Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The following is a general description of the valuation methodologies we use for financial assets and liabilities measured at fair value, including the general classification of such assets and liabilities pursuant to the valuation hierarchy. Cash Equivalents Marketable Securities The following tables present our assets and liabilities that we measured at fair value on a recurring basis as of October 31, 2015 and April 30, 2015, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): October 31, 2015 Quoted Prices Significant Significant Balance Cash equivalents $ 38,952 $ — $ — $ 38,952 Marketable securities 8,249 22,324 — 30,573 Total $ 47,201 $ 22,324 $ — $ 69,525 April 30, 2015 Quoted Prices Significant Significant Balance Cash equivalents $ 42,951 $ — $ — $ 42,951 Marketable securities 9,139 21,555 — 30,694 Total $ 52,090 $ 21,555 $ — $ 73,645

Stock Repurchases

Stock Repurchases	6 Months Ended
	Oct. 31, 2015
Stock Repurchases	H. Stock Repurchases On August 19, 2002, our Board of Directors approved a resolution authorizing the repurchase of up to an additional 2.0 million shares of our Class A common stock. We have made and will make these repurchases through open market purchases at prevailing market prices. The timing of any repurchase will depend upon market conditions, the market price of our common stock and management’s assessment of our liquidity and cash flow needs. Under this repurchase plan, through October 31, 2015, we have repurchased 1,041,213 shares of common stock at a cost of approximately $6.1 million. As of October 31, 2015, under all repurchase plans previously authorized, including this most recent plan, we have repurchased a total of 4,576,166 shares of common stock at a cost of approximately $25.4 million.

Comprehensive Income

Comprehensive Income	6 Months Ended
	Oct. 31, 2015
Comprehensive Income	I. Comprehensive Income We have not included condensed consolidated statements of comprehensive income in the accompanying unaudited condensed consolidated financial statements since comprehensive income and net earnings presented in the accompanying condensed consolidated statements of operations would be substantially the same.

Industry Segments

Industry Segments	6 Months Ended
	Oct. 31, 2015
Industry Segments	J. Industry Segments We provide our software solutions through three major business segments, which are further broken down into a total of four major product and service groups. The three business segments are (1) Enterprise Resource Planning (“ERP”), (2) Supply Chain Management (“SCM”), and (3) Information Technology (“IT”) Consulting. The SCM segment consists of Logility, a wholly-owned subsidiary, as well as its subsidiary, DMI, which provide collaborative supply chain solutions to streamline and optimize the forecasting, production, distribution and management of products between trading partners. The ERP segment consists of (i) American Software ERP, which provides purchasing and materials management, customer order processing, financial, e-commerce and traditional manufacturing solutions, and (ii) New Generation Computing (“NGC”), which provides industry-specific business software to both retailers and manufacturers in the apparel, sewn products and furniture industries. The IT Consulting segment consists of The Proven Method, Inc., an IT staffing and consulting services firm. We also provide support for our software products, such as software enhancements, documentation, updates, customer education, consulting, systems integration services, and maintenance. Our chief operating decision maker is the President and Chief Executive Officer (“CEO”). While the CEO is apprised of a variety of financial metrics and information, we manage our business primarily on a segment basis, with the CEO evaluating performance based upon segment operating profit or loss that includes an allocation of common expenses, but excludes certain unallocated expenses. In the following table, we have broken down the intersegment transactions applicable to the three and six months ended October 31, 2015 and 2014: Three Months Ended Six Months Ended 2015 2014 2015 2014 Revenues: Enterprise Resource Planning $ 3,059 $ 2,952 $ 6,584 $ 5,610 Collaborative Supply Chain Management 19,267 15,469 37,840 31,731 IT Consulting 6,744 6,156 13,504 12,093 $ 29,070 $ 24,577 $ 57,928 $ 49,434 Operating income (loss) before intersegment eliminations: Enterprise Resource Planning $ (1,383 ) $ (1,131 ) $ (2,345 ) $ (2,600 ) Collaborative Supply Chain Management 4,198 1,995 8,391 5,012 IT Consulting 513 515 1,102 1,130 $ 3,328 $ 1,379 $ 7,148 $ 3,542 Intersegment eliminations: Enterprise Resource Planning $ (706 ) $ (555 ) $ (1,435 ) $ (1,085 ) Collaborative Supply Chain Management 675 536 1,375 1,036 IT Consulting 31 19 60 49 $ — $ — $ — $ — Operating income (loss) after intersegment eliminations: Enterprise Resource Planning $ (2,089 ) $ (1,686 ) $ (3,780 ) $ (3,685 ) Collaborative Supply Chain Management 4,873 2,531 9,766 6,048 IT Consulting 544 534 1,162 1,179 $ 3,328 $ 1,379 $ 7,148 $ 3,542 Capital expenditures: Enterprise Resource Planning $ 136 $ 28 $ 144 $ 66 Collaborative Supply Chain Management 40 146 97 166 IT Consulting — — — — $ 176 $ 174 $ 241 $ 232 Capitalized software: Enterprise Resource Planning $ — $ — $ — $ — Collaborative Supply Chain Management 1,173 668 1,990 846 IT Consulting — — — — $ 1,173 $ 668 $ 1,990 $ 846 Depreciation and amortization: Enterprise Resource Planning $ 149 $ 227 $ 299 $ 457 Collaborative Supply Chain Management 1,256 1,227 2,514 2,376 IT Consulting 2 3 5 6 $ 1,407 $ 1,457 $ 2,818 $ 2,839 Earnings (loss) before income taxes: Enterprise Resource Planning $ (1,208 ) $ (490 ) $ (1,786 ) $ (1,663 ) Collaborative Supply Chain Management 4,156 1,843 8,268 4,870 IT Consulting 513 515 1,102 1,130 $ 3,461 $ 1,868 $ 7,584 $ 4,337 Major Customer For the three and six months ended October 31, 2015, there were no major customers that accounted for more than 10% of total revenues. For the three months ended October 31, 2014, there were no major customers that accounted for more than 10% of total revenues. For the six months ended October 31, 2014, we had one major customer, The Home Depot, which accounted for approximately 10.0%, or $5.0 million of total revenues. Revenues from our major customer for the periods reported are primarily attributable to our IT consulting segment.

Contingencies

Contingencies	6 Months Ended
	Oct. 31, 2015
Contingencies	K. Contingencies We more often than not indemnify our customers against damages and costs resulting from claims of patent, copyright or trademark infringement associated with use of our products. We have historically not been required to make any payments under such indemnifications. However, we continue to monitor the conditions that are subject to the indemnifications to identify whether it is probable that a loss has occurred, and would recognize any such losses under the indemnifications when those losses are estimable. In addition, we warrant to our customers that our products operate substantially in accordance with the software products’ specifications. Historically, we have incurred no costs related to software product warranties and we do not expect to incur such costs in the future, and as such we have made no accruals for software product warranty costs. Additionally, we are involved in various claims arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on our financial position or results of operations.

Subsequent Event

Subsequent Event	6 Months Ended
	Oct. 31, 2015
Subsequent Event	L. Subsequent Event On November 12, 2015, our Board of Directors declared a quarterly cash dividend of $0.10 per share of our Class A and Class B common stock. The cash dividend is payable on February 26, 2016 to Class A and Class B shareholders of record at the close of business on February 12, 2016.

Basis of Presentation and Pri19

Basis of Presentation and Principles of Consolidation (Policies)	6 Months Ended
	Oct. 31, 2015
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required for complete financial statements. In the opinion of our management, these condensed consolidated financial statements contain all normal recurring adjustments considered necessary for a fair presentation of the financial position at October 31, 2015, the results of operations for the three and six months ended October 31, 2015 and 2014 and cash flows for the six months ended October 31, 2015 and 2014. The results for the three and six months ended October 31, 2015 are not necessarily indicative of the results expected for the full year. You should read these statements in conjunction with our audited consolidated financial statements and management’s discussion and analysis and results of operations included in our Annual Report on Form 10-K for the fiscal year ended April 30, 2015. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Note 1 in the Notes to the Consolidated Financial Statements for the fiscal year ended April 30, 2015 describes the significant accounting policies that we have used in preparing our financial statements. On an ongoing basis, we evaluate our estimates, including but not limited to those related to revenue/collectability, bad debts, capitalized software costs, goodwill, intangible asset measurement and impairment, stock-based compensation, income taxes, allocation of fair value in acquisitions and contingencies. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Our actual results could differ materially from these estimates under different assumptions or conditions.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of American Software, Inc. (“American Software” or the “Company”), and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Revenue Recognition	We recognize revenue in accordance with the Software Revenue Recognition Topic of the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification. License . Maintenance . Services . Subscription and other recurring revenues include fees for access rights to software solutions that are offered under a subscription-based delivery model where the users have the right to take possession of the software. Under this model, the software applications are hosted by the Company or by a third party and the customer accesses and uses the software on an as-needed basis over the Internet or via a dedicated line. The underlying arrangements typically include a single fee for the service that is billed monthly, quarterly or annually, and provides the customer with an option to take delivery of the software at any time during or after the subscription term. In addition, subscription and other recurring revenues include subscription-based software license revenues where the customer has taken physical possession of the software for a defined period of time. Subscription revenues are recognized ratably over the subscription term because the Company is unable to establish VSOE and separate the various elements, beginning on the commencement date of each contract. As of October 31, 2015, revenue recorded under this accounting treatment has not been significant. Indirect Channel Revenue . Deferred Revenue . Sales Taxes . Unbilled Accounts Receivable .
Earnings Per Common Share	We have two classes of common stock of which Class B Common Shares are convertible into Class A Common Shares at any time, on a one-for-one basis. Under our Articles of Incorporation, if we declare dividends, holders of Class A Common Shares shall receive a $0.05 dividend per share prior to the Class B Common Shares receiving any dividend and holders of Class A Common Shares shall receive a dividend at least equal to Class B Common Shares dividends on a per share basis. As a result, we have computed the earnings per share in accordance with Earnings Per Share within the Presentation Topic of the FASB’s Accounting Standards Codification, which requires companies that have multiple classes of equity securities to use the “two-class” method in computing earnings per share. For our basic earnings per share calculation, we use the “two-class” method. Basic earnings per share are calculated by dividing net earnings attributable to each class of common stock by the weighted average number of shares outstanding. All undistributed earnings are allocated evenly between Class A and B Common Shares in the earnings per share calculation to the extent that earnings equal or exceed $0.05 per share. This allocation is based on management’s judgment after considering the dividend rights of the two classes of common stock, the control of the Class B shareholders and the convertibility rights of the Class B shares to Class A shares. The calculation of diluted earnings per share is similar to the calculation of basic earnings per share, except that the calculation includes the dilutive effect of the assumed exercise of options issuable under our stock incentive plans. For our diluted earnings per share calculation for Class A shares, we use the “if-converted” method. This calculation assumes that all Class B Common Shares are converted into Class A Common Shares and, as a result, assumes there are no holders of Class B Common Shares to participate in undistributed earnings. For our diluted earnings per share calculation for Class B shares, we use the “two-class” method. This calculation does not assume that all Class B Common Shares are converted into Class A Common Shares. In addition, this method assumes the dilutive effect if Class A stock options were converted to Class A shares and the undistributed earnings are allocated evenly to both Class A and B shares including Class A shares issued pursuant to those converted stock options. This allocation is based on management’s judgment after considering the dividend rights of the two classes of common stock, the control of the Class B shareholders and the convertibility rights of the Class B shares into Class A shares.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Oct. 31, 2015
Basic Earnings Per common Share	The following tables set forth the computation of basic earnings per common share and diluted earnings per common share (in thousands except for per share amounts): Basic earnings per common share: Three Months Ended Six Months Ended Class A Class B Class A Class B Distributed earnings $ 0.10 $ 0.10 $ 0.20 $ 0.20 Undistributed loss (0.02 ) (0.02 ) (0.04 ) (0.04 ) Total $ 0.08 $ 0.08 $ 0.16 $ 0.16 Distributed earnings $ 2,610 $ 259 $ 5,215 $ 517 Undistributed loss (651 ) (65 ) (916 ) (91 ) Total $ 1,959 $ 194 $ 4,299 $ 426 Basic weighted average common shares outstanding 26,073 2,587 26,050 2,587 Three Months Ended Six Months Ended Class A Class B Class A Class B Distributed earnings $ 0.10 $ 0.10 $ 0.20 $ 0.20 Undistributed loss (0.06 ) (0.06 ) (0.10 ) (0.10 ) Total $ 0.04 $ 0.04 $ 0.10 $ 0.10 Distributed earnings $ 2,566 $ 259 $ 5,133 $ 517 Undistributed loss (1,499 ) (151 ) (2,672 ) (269 ) Total $ 1,067 $ 108 $ 2,461 $ 248 Basic weighted average common shares outstanding 25,683 2,587 25,665 2,587
Diluted Earnings Per Share for Class A Common Shares Using If-Converted Method	Diluted EPS for Class A Common Shares Using the If-Converted Method Three Months Ended October 31, 2015 Undistributed Class A EPS Per Basic $ 1,959 26,073 $ 0.08 Common Stock Equivalents — 281 — 1,959 26,354 0.07 Class B Conversion 194 2,587 — Diluted EPS for Class A $ 2,153 28,941 $ 0.07 Six Months Ended October 31, 2015 Undistributed Class A EPS Per Basic $ 4,299 26,050 $ 0.16 Common Stock Equivalents — 273 — 4,299 26,323 0.16 Class B Conversion 426 2,587 — Diluted EPS for Class A $ 4,725 28,910 $ 0.16 Three Months Ended October 31, 2014 Undistributed Class A EPS Per Basic $ 1,067 25,683 $ 0.04 Common Stock Equivalents — 316 — 1,067 25,999 0.04 Class B Conversion 108 2,587 — Diluted EPS for Class A $ 1,175 28,586 $ 0.04 Six Months Ended October 31, 2014 Undistributed Class A EPS Per Basic $ 2,461 25,665 $ 0.10 Common Stock Equivalents — 343 — 2,461 26,008 0.10 Class B Conversion 248 2,587 — Diluted EPS for Class A $ 2,709 28,595 $ 0.10
Diluted Earnings Per Share for Class B Common Shares Using Two-Class Method	Diluted EPS for Class B Common Shares Using the Two-Class Method Three Months Ended October 31, 2015 Undistributed Class B EPS Per Basic $ 194 2,587 $ 0.08 Reallocation of undistributed earnings to Class A shares from Class B shares 1 — — Diluted EPS for Class B $ 195 2,587 $ 0.08 Six Months Ended October 31, 2015 Undistributed Class B EPS Per Basic $ 426 2,587 $ 0.16 Reallocation of undistributed earnings to Class A shares from Class B shares — — — Diluted EPS for Class B $ 426 2,587 $ 0.16 Three Months Ended October 31, 2014 Undistributed Class B EPS Per Basic $ 108 2,587 $ 0.04 Reallocation of undistributed earnings to Class A shares from Class B shares 2 — — Diluted EPS for Class B $ 110 2,587 $ 0.04 Six Months Ended October 31, 2014 Undistributed Class B EPS Per Basic $ 248 2,587 $ 0.10 Reallocation of undistributed earnings to Class A shares from Class B shares 3 — — Diluted EPS for Class B $ 251 2,587 $ 0.10

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Oct. 31, 2015
MID Retail, Inc.
Allocation of Total Purchase Price	The following allocation of the total purchase price reflects the fair value of the assets acquired and liabilities assumed as of May 30, 2014 (in thousands): Useful Life Cash $ 1,277 Accounts receivable, net 546 Current assets 35 Property and equipment, net 32 Other assets 505 Goodwill 4,930 Non-compete 290 3 years Customer relationships 1,400 8 years Current technology 1,500 3 years Total Assets Acquired 10,515 Current liabilities (825 ) Long-term liabilities (505 ) Total liabilities assumed (1,330 ) Net assets acquired $ 9,185

Fair Value of Financial Instr22

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Oct. 31, 2015
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present our assets and liabilities that we measured at fair value on a recurring basis as of October 31, 2015 and April 30, 2015, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): October 31, 2015 Quoted Prices Significant Significant Balance Cash equivalents $ 38,952 $ — $ — $ 38,952 Marketable securities 8,249 22,324 — 30,573 Total $ 47,201 $ 22,324 $ — $ 69,525 April 30, 2015 Quoted Prices Significant Significant Balance Cash equivalents $ 42,951 $ — $ — $ 42,951 Marketable securities 9,139 21,555 — 30,694 Total $ 52,090 $ 21,555 $ — $ 73,645

Industry Segments (Tables)

Industry Segments (Tables)	6 Months Ended
	Oct. 31, 2015
Segment Operating Profit or Loss	In the following table, we have broken down the intersegment transactions applicable to the three and six months ended October 31, 2015 and 2014: Three Months Ended Six Months Ended 2015 2014 2015 2014 Revenues: Enterprise Resource Planning $ 3,059 $ 2,952 $ 6,584 $ 5,610 Collaborative Supply Chain Management 19,267 15,469 37,840 31,731 IT Consulting 6,744 6,156 13,504 12,093 $ 29,070 $ 24,577 $ 57,928 $ 49,434 Operating income (loss) before intersegment eliminations: Enterprise Resource Planning $ (1,383 ) $ (1,131 ) $ (2,345 ) $ (2,600 ) Collaborative Supply Chain Management 4,198 1,995 8,391 5,012 IT Consulting 513 515 1,102 1,130 $ 3,328 $ 1,379 $ 7,148 $ 3,542 Intersegment eliminations: Enterprise Resource Planning $ (706 ) $ (555 ) $ (1,435 ) $ (1,085 ) Collaborative Supply Chain Management 675 536 1,375 1,036 IT Consulting 31 19 60 49 $ — $ — $ — $ — Operating income (loss) after intersegment eliminations: Enterprise Resource Planning $ (2,089 ) $ (1,686 ) $ (3,780 ) $ (3,685 ) Collaborative Supply Chain Management 4,873 2,531 9,766 6,048 IT Consulting 544 534 1,162 1,179 $ 3,328 $ 1,379 $ 7,148 $ 3,542 Capital expenditures: Enterprise Resource Planning $ 136 $ 28 $ 144 $ 66 Collaborative Supply Chain Management 40 146 97 166 IT Consulting — — — — $ 176 $ 174 $ 241 $ 232 Capitalized software: Enterprise Resource Planning $ — $ — $ — $ — Collaborative Supply Chain Management 1,173 668 1,990 846 IT Consulting — — — — $ 1,173 $ 668 $ 1,990 $ 846 Depreciation and amortization: Enterprise Resource Planning $ 149 $ 227 $ 299 $ 457 Collaborative Supply Chain Management 1,256 1,227 2,514 2,376 IT Consulting 2 3 5 6 $ 1,407 $ 1,457 $ 2,818 $ 2,839 Earnings (loss) before income taxes: Enterprise Resource Planning $ (1,208 ) $ (490 ) $ (1,786 ) $ (1,663 ) Collaborative Supply Chain Management 4,156 1,843 8,268 4,870 IT Consulting 513 515 1,102 1,130 $ 3,461 $ 1,868 $ 7,584 $ 4,337

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Apr. 30, 2015
Revenue Recognition [Line Items]
Amounts received for reimbursement of travel and other out-of-pocket expenses	$ 666,000	$ 700,000	$ 1,200,000	$ 1,300,000
Unbilled amounts	3,745,000		3,745,000		$ 3,585,000
Unbilled License Fees
Revenue Recognition [Line Items]
Unbilled amounts	1,500,000		1,500,000		1,400,000
Unbilled Services Revenues
Revenue Recognition [Line Items]
Unbilled amounts	$ 2,300,000		$ 2,300,000		$ 2,100,000
Minimum
Revenue Recognition [Line Items]
Contractual period of maintenance contract			1 year
Maximum
Revenue Recognition [Line Items]
Contractual period of maintenance contract			3 years

Declaration of Dividend Payab25

Declaration of Dividend Payable - Additional Information (Detail) - $ / shares	Aug. 17, 2015	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Dividends Payable [Line Items]
Cash dividends declared per common share	$ 0.10	$ 0.10	$ 0.10	$ 0.20	$ 0.20
Cash dividend payable date	Dec. 4, 2015
Cash dividends declared, record date	Nov. 13, 2015

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Earnings Per Share [Line Items]
Options to Purchase Excluded	1,534,533	940,630	1,221,956	802,428
Options to Purchase Outstanding	3,659,371	3,079,049	3,659,371	3,079,049
Class A Common Shares
Earnings Per Share [Line Items]
Dividends preference, per share			$ 0.05

Basic Earnings Per Common Share

Basic Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total	[1]	$ 0.08	$ 0.04	$ 0.16	$ 0.10
Basic weighted average common shares outstanding		28,660	28,270	28,637	28,252
Class A Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings		$ 0.10	$ 0.10	$ 0.20	$ 0.20
Undistributed loss		(0.02)	(0.06)	(0.04)	(0.10)
Total		$ 0.08	$ 0.04	$ 0.16	$ 0.10
Distributed earnings		$ 2,610	$ 2,566	$ 5,215	$ 5,133
Undistributed loss		(651)	(1,499)	(916)	(2,672)
Total		$ 1,959	$ 1,067	$ 4,299	$ 2,461
Basic weighted average common shares outstanding		26,073	25,683	26,050	25,665
Class B Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings		$ 0.10	$ 0.10	$ 0.20	$ 0.20
Undistributed loss		(0.02)	(0.06)	(0.04)	(0.10)
Total		$ 0.08	$ 0.04	$ 0.16	$ 0.10
Distributed earnings		$ 259	$ 259	$ 517	$ 517
Undistributed loss		(65)	(151)	(91)	(269)
Total		$ 194	$ 108	$ 426	$ 248
Basic weighted average common shares outstanding		2,587	2,587	2,587	2,587
[1]	Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted earnings per share for Class B shares under the two-class method are $0.08 and $0.04 for the three months ended October 31, 2015 and 2014 and $0.16 and $0.10 for the six months ended October 31, 2015 and 2014, respectively. See Note D to the Condensed Consolidated Financial Statements.

Diluted Earnings Per Share for

Diluted Earnings Per Share for Class A Common Shares Using If-Converted Method (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 2,153	$ 1,175	$ 4,725	$ 2,709
Basic weighted average common shares outstanding		28,660	28,270	28,637	28,252
Diluted, Class A Common Shares		28,941	28,586	28,910	28,595
Basic, EPS	[1]	$ 0.08	$ 0.04	$ 0.16	$ 0.10
Diluted, EPS	[1]	$ 0.07	$ 0.04	$ 0.16	$ 0.10
Class A Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 1,959	$ 1,067	$ 4,299	$ 2,461
Undistributed & Distributed Earnings, Class B Conversion		194	108	426	248
Net Income (Loss) Available to Common Stockholders, Diluted, Total		$ 2,153	$ 1,175	$ 4,725	$ 2,709
Basic weighted average common shares outstanding		26,073	25,683	26,050	25,665
Common Stock Equivalents		281	316	273	343
Weighted Average Number of Shares Including Common Stock Equivalents, Diluted		26,354	25,999	26,323	26,008
Class B Conversion		2,587	2,587	2,587	2,587
Diluted, Class A Common Shares		28,941	28,586	28,910	28,595
Basic, EPS		$ 0.08	$ 0.04	$ 0.16	$ 0.10
Diluted, EPS		$ 0.07	$ 0.04	$ 0.16	$ 0.10
[1]	Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted earnings per share for Class B shares under the two-class method are $0.08 and $0.04 for the three months ended October 31, 2015 and 2014 and $0.16 and $0.10 for the six months ended October 31, 2015 and 2014, respectively. See Note D to the Condensed Consolidated Financial Statements.

Diluted Earnings Per Share fo29

Diluted Earnings Per Share for Class B Common Shares Using Two-Class Method (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net earnings		$ 2,153	$ 1,175	$ 4,725	$ 2,709
Basic weighted average common shares outstanding		28,660	28,270	28,637	28,252
Weighted Average Number of Shares Outstanding, Diluted		28,941	28,586	28,910	28,595
Basic, EPS	[1]	$ 0.08	$ 0.04	$ 0.16	$ 0.10
Diluted, EPS	[1]	$ 0.07	$ 0.04	$ 0.16	$ 0.10
Class B Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Class B Conversion		$ 194	$ 108	$ 426	$ 248
Reallocation of Undistributed Earnings		1	2		3
Net earnings		$ 195	$ 110	$ 426	$ 251
Basic weighted average common shares outstanding		2,587	2,587	2,587	2,587
Weighted Average Number of Shares Outstanding, Diluted		2,587	2,587	2,587	2,587
Basic, EPS		$ 0.08	$ 0.04	$ 0.16	$ 0.10
Diluted, EPS		$ 0.08	$ 0.04	$ 0.16	$ 0.10
[1]	Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted earnings per share for Class B shares under the two-class method are $0.08 and $0.04 for the three months ended October 31, 2015 and 2014 and $0.16 and $0.10 for the six months ended October 31, 2015 and 2014, respectively. See Note D to the Condensed Consolidated Financial Statements.

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($)	May. 30, 2014	Apr. 30, 2015	Oct. 31, 2015
Business Acquisition [Line Items]
Business acquisition, purchase price allocate to goodwill		$ 18,749,000	$ 18,749,000
MID Retail, Inc.
Business Acquisition [Line Items]
Percentage of issued and outstanding shares of capital stock	100.00%
Business acquisition, purchase price paid in cash	$ 8,507,000
Business acquisition, working capital adjustment	$ 678,000
Earnout period	24 months
Additional consideration payments, percentage of license fee revenues	15.00%
Additional consideration payments	$ 1,500,000
Business acquisition costs incurred		$ 282,000
Business acquisition, purchase price allocate to goodwill	$ 4,930,000

Allocation of Total Purchase Pr

Allocation of Total Purchase Price (Detail) - USD ($)	May. 30, 2014	Oct. 31, 2015	Apr. 30, 2015
Business Acquisition [Line Items]
Goodwill		$ 18,749,000	$ 18,749,000
MID Retail, Inc.
Business Acquisition [Line Items]
Cash	$ 1,277,000
Accounts receivable, net	546,000
Current assets	35,000
Property and equipment, net	32,000
Other assets	505,000
Goodwill	4,930,000
Total Assets Acquired	10,515,000
Current liabilities	(825,000)
Long-term liabilities	(505,000)
Total liabilities assumed	(1,330,000)
Net assets acquired	9,185,000
MID Retail, Inc. | Current Technology
Business Acquisition [Line Items]
Intangible assets	$ 1,500,000
Useful Life	3 years
MID Retail, Inc. | Non-compete
Business Acquisition [Line Items]
Intangible assets	$ 290,000
Useful Life	3 years
MID Retail, Inc. | Customer Relationships
Business Acquisition [Line Items]
Intangible assets	$ 1,400,000
Useful Life	8 years

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option for common stock			1,063,000	325,000
Stock-based compensation expense	$ 410,000	$ 390,000	$ 808,000	$ 794,000
Income tax benefit	151,000	$ 137,000	297,000	272,000
Excess tax benefits from stock based compensation			$ 21,000	$ 78,000
Stock option exercised			112,848	117,932
Intrinsic value of options exercised			$ 321,000	$ 489,000
Unrecognized compensation cost related to unvested stock option	$ 3,700,000		$ 3,700,000
Weighted average period for unrecognized compensation cost			1 year 9 months 15 days
Options Held
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Excess tax benefits from stock based compensation			$ 21,000

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Oct. 31, 2015	Apr. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 38,952	$ 42,951
Marketable securities	30,573	30,694
Total	69,525	73,645
Quoted Prices in Active Markets for Identical Assets, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	38,952	42,951
Marketable securities	8,249	9,139
Total	47,201	52,090
Significant Other Observable Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	22,324	21,555
Total	$ 22,324	$ 21,555

Stock Repurchases - Additional

Stock Repurchases - Additional Information (Detail) - Class A Common Shares $ in Millions	3 Months Ended	158 Months Ended
	Oct. 31, 2015USD ($)shares	Oct. 31, 2015USD ($)shares
Equity, Class of Treasury Stock [Line Items]
Common stock shares repurchased	4,576,166
Cost of common stock repurchased | $	$ 25.4
Shares Stock Repurchase Plan, August 19, 2002
Equity, Class of Treasury Stock [Line Items]
Approved number of shares to be repurchased	2,000,000	2,000,000
Common stock shares repurchased		1,041,213
Cost of common stock repurchased | $		$ 6.1

Industry Segments - Additional

Industry Segments - Additional Information (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015Customer	Oct. 31, 2014Customer	Oct. 31, 2015CustomerSegmentGroup	Oct. 31, 2014USD ($)Customer
Segment Reporting Information [Line Items]
Number of major business segments | Segment			3
Number of major product and service groups			4
Number of major customers | Customer	0	0	0	1
Home Depot
Segment Reporting Information [Line Items]
Total revenue | $				$ 5
Total revenues | Customer Concentration Risk | Home Depot
Segment Reporting Information [Line Items]
Percentage of total revenue				10.00%

Segment Information (Detail)

Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Segment Reporting Information [Line Items]
Revenues	$ 29,070	$ 24,577	$ 57,928	$ 49,434
Operating income(loss)	3,328	1,379	7,148	3,542
Capital expenditures	176	174	241	232
Capitalized software	1,173	668	1,990	846
Depreciation and amortization	1,407	1,457	2,818	2,839
Earnings (loss) before income taxes	3,461	1,868	7,584	4,337
Enterprise Resource Planning
Segment Reporting Information [Line Items]
Revenues	3,059	2,952	6,584	5,610
Operating income(loss)	(2,089)	(1,686)	(3,780)	(3,685)
Capital expenditures	136	28	144	66
Depreciation and amortization	149	227	299	457
Earnings (loss) before income taxes	(1,208)	(490)	(1,786)	(1,663)
Supply Chain Management
Segment Reporting Information [Line Items]
Revenues	19,267	15,469	37,840	31,731
Operating income(loss)	4,873	2,531	9,766	6,048
Capital expenditures	40	146	97	166
Capitalized software	1,173	668	1,990	846
Depreciation and amortization	1,256	1,227	2,514	2,376
Earnings (loss) before income taxes	4,156	1,843	8,268	4,870
IT Consulting
Segment Reporting Information [Line Items]
Revenues	6,744	6,156	13,504	12,093
Operating income(loss)	544	534	1,162	1,179
Depreciation and amortization	2	3	5	6
Earnings (loss) before income taxes	513	515	1,102	1,130
Operating Segments
Segment Reporting Information [Line Items]
Operating income(loss)	3,328	1,379	7,148	3,542
Operating Segments | Enterprise Resource Planning
Segment Reporting Information [Line Items]
Operating income(loss)	(1,383)	(1,131)	(2,345)	(2,600)
Operating Segments | Supply Chain Management
Segment Reporting Information [Line Items]
Operating income(loss)	4,198	1,995	8,391	5,012
Operating Segments | IT Consulting
Segment Reporting Information [Line Items]
Operating income(loss)	513	515	1,102	1,130
Intersegment Eliminations | Enterprise Resource Planning
Segment Reporting Information [Line Items]
Operating income(loss)	(706)	(555)	(1,435)	(1,085)
Intersegment Eliminations | Supply Chain Management
Segment Reporting Information [Line Items]
Operating income(loss)	675	536	1,375	1,036
Intersegment Eliminations | IT Consulting
Segment Reporting Information [Line Items]
Operating income(loss)	$ 31	$ 19	$ 60	$ 49

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - $ / shares	Nov. 12, 2015	Aug. 17, 2015	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Subsequent Event [Line Items]
Cash dividends declared per common share		$ 0.10	$ 0.10	$ 0.10	$ 0.20	$ 0.20
Cash dividend payable date		Dec. 4, 2015
Cash dividends declared, record date		Nov. 13, 2015
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share	$ 0.10
Cash dividend payable date	Feb. 26, 2016
Cash dividends declared, record date	Feb. 12, 2016