Logility Supply Chain Solutions (LGTY) 10-Q 8 Dec 16 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2016	Nov. 30, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2016
Document Fiscal Year Focus	2,017
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		26,811,751
Class B Common Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,432,086

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2016	Apr. 30, 2016
Current assets:
Cash and cash equivalents	$ 48,169	$ 49,004
Investments	20,268	20,957
Trade accounts receivable, less allowance for doubtful accounts of $180 at October 31, 2016 and $178 at April 30, 2016:
Billed	11,996	17,104
Unbilled	3,369	3,444
Prepaid expenses and other current assets	5,053	3,586
Total current assets	88,855	94,095
Investments-Noncurrent	3,863	7,924
Property and equipment, net of accumulated depreciation of $32,909 at October 31, 2016 and $32,437 at April 30, 2016	3,303	3,396
Capitalized software, net of accumulated amortization of $18,153 at October 31, 2016 and $16,173 at April 30, 2016	8,766	9,140
Goodwill	19,549	18,749
Other intangibles, net of accumulated amortization of $5,192 at October 31, 2016 and $4,747 at April 30, 2016	4,432	1,858
Other assets	1,394	1,562
Total assets	130,162	136,724
Current liabilities:
Accounts payable	1,322	1,280
Accrued compensation and related costs	2,557	4,349
Dividends payable	3,210	2,887
Other current liabilities	2,696	2,779
Deferred revenue	25,269	27,999
Total current liabilities	35,054	39,294
Deferred income taxes	1,057	1,319
Long-term deferred revenue	413	612
Other long-term liabilities	74	605
Total liabilities	36,598	41,830
Shareholders' equity:
Additional paid-in capital	117,160	114,210
Retained (accumulated deficit)/earnings	(1,414)	2,897
Class A treasury stock, 4,588,632 shares at October 31, 2016 and April 30, 2016, at cost	(25,559)	(25,559)
Total shareholders' equity	93,564	94,894
Commitments and contingencies
Total liabilities and shareholders' equity	130,162	136,724
Class A Common Shares
Shareholders' equity:
Common stock value	3,134	3,097
Class B Common Shares
Shareholders' equity:
Common stock value	$ 243	$ 249

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2016	Apr. 30, 2016
Allowance for doubtful accounts receivable	$ 180	$ 178
Property and equipment, accumulated depreciation	32,909	32,437
Capitalized software, accumulated amortization	18,153	16,173
Other intangibles, accumulated amortization	$ 5,192	$ 4,747
Class A treasury stock, shares	4,588,632	4,588,632
Class A Common Shares
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	31,342,487	30,972,947
Class B Common Shares
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	2,432,086	2,487,086
Common stock, shares outstanding	2,432,086	2,487,086

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Revenues:
License		$ 3,140	$ 5,563	$ 7,767	$ 10,439
Services and other		12,349	13,463	24,570	27,308
Maintenance		10,657	10,044	21,242	20,181
Total revenues		26,146	29,070	53,579	57,928
Cost of revenues:
License		1,606	2,002	3,429	3,929
Services and other		9,044	9,923	18,097	19,374
Maintenance		2,478	2,248	5,239	4,411
Total cost of revenues		13,128	14,173	26,765	27,714
Gross margin		13,018	14,897	26,814	30,214
Research and development		3,169	2,416	6,269	5,165
Sales and marketing		5,202	5,465	10,672	10,698
General and administrative		3,690	3,620	7,201	7,067
Amortization of acquisition-related intangibles		249	68	317	136
Total operating expenses		12,310	11,569	24,459	23,066
Operating income (loss)		708	3,328	2,355	7,148
Other income (expense):
Interest income		278	326	595	657
Other, net		(445)	(193)	(102)	(221)
Earnings (loss) before income taxes		541	3,461	2,848	7,584
Income tax expense		129	1,308	748	2,859
Net earnings		$ 412	$ 2,153	$ 2,100	$ 4,725
Earnings per common share:
Basic	[1]	$ 0.01	$ 0.08	$ 0.07	$ 0.16
Diluted	[1]	0.01	0.07	0.07	0.16
Cash dividends declared per common share		$ 0.11	$ 0.10	$ 0.22	$ 0.20
Shares used in the calculation of earnings per common share:
Basic		29,135	28,660	29,037	28,637
Diluted		29,548	28,941	29,398	28,910
[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 $0.01 and $0.08 for the three months ended October 31, 2016 and 2015, and $0.07 and $0.16 for the six months ended October 31, 2016 and 2015, 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, 2016		Oct. 31, 2015	Oct. 31, 2016		Oct. 31, 2015
Diluted	[1]	$ 0.01		$ 0.07	$ 0.07		$ 0.16
Class B Common Shares
Diluted		$ 0.01	[2]	$ 0.08	$ 0.07	[2]	$ 0.16
[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 $0.01 and $0.08 for the three months ended October 31, 2016 and 2015, and $0.07 and $0.16 for the six months ended October 31, 2016 and 2015, respectively. See Note D to the Condensed Consolidated Financial Statements.
[2]	Amounts adjusted for rounding

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Cash flows from operating activities:
Net earnings	$ 2,100,000	$ 4,725,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	3,043,000	2,818,000
Stock-based compensation expense	778,000	808,000
Net (loss)/gain on investments	(394,000)	539,000
Deferred income taxes	(262,000)	(238,000)
Other, net		7,000
Changes in operating assets and liabilities, net of effects of acquisition:
Purchases of trading securities	(2,509,000)	(6,850,000)
Proceeds from maturities and sales of trading securities	7,654,000	6,435,000
Accounts receivable, net	5,692,000	1,308,000
Prepaid expenses and other assets	(1,231,000)	(668,000)
Accounts payable and other liabilities	(2,277,000)	(516,000)
Deferred revenue	(2,959,000)	(4,006,000)
Net cash provided by operating activities	9,635,000	4,362,000
Cash flows from investing activities:
Capitalized computer software development costs	(1,606,000)	(1,990,000)
Purchases of property and equipment, net of disposals	(329,000)	(241,000)
Purchase of business, net of cash acquired	(4,441,000)
Net cash used in investing activities	(6,376,000)	(2,231,000)
Cash flows from financing activities:
Repurchase of common stock		(70,000)
Excess tax benefits from stock based compensation		21,000
Proceeds from exercise of stock options	2,203,000	709,000
Payment for accrued acquisition consideration	(200,000)	(200,000)
Dividends paid	(6,097,000)	(5,724,000)
Net cash used in financing activities	(4,094,000)	(5,264,000)
Net change in cash and cash equivalents	(835,000)	(3,133,000)
Cash and cash equivalents at beginning of period	49,004,000	44,655,000
Cash and cash equivalents at end of period	$ 48,169,000	$ 41,522,000

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	6 Months Ended
	Oct. 31, 2016
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 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 Company’s financial position at October 31, 2016, the results of operations for the three and six months ended October 31, 2016 and 2015 and cash flows for the six months ended October 31, 2016 and 2015. The Company’s results for the three and six months ended October 31, 2016 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, 2016. 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, 2016 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/vendor specific objective evidence (“VSOE”), capitalized software costs, goodwill, intangible assets, stock-based compensation, income taxes 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 accompanying consolidated financial statements include the accounts of American Software, Inc. and its wholly-owned subsidiaries (“American Software” or the “Company”). All significant intercompany balances and transactions have been eliminated in consolidation.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Oct. 31, 2016
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 . Software-as-a-Service (SaaS) revenues include fees for the right to use the software for a limited period of time in a hosted environment 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; however, the customer has no ability to take delivery of the software. The underlying arrangements typically include a single fee for the service that is billed monthly, quarterly or annually. Software-as-a-Service (SaaS) revenues are recognized ratably over the subscription (which rolls into Services Revenue) over the committed services period once the services commence. Indirect Channel Revenue . Deferred Revenue . Sales Taxes . Unbilled Accounts Receivable .

Declaration of Dividend Payable

Declaration of Dividend Payable	6 Months Ended
	Oct. 31, 2016
Declaration of Dividend Payable	C. Declaration of Dividend Payable On August 18, 2016, our Board of Directors declared a quarterly cash dividend of $0.11 per share of our Class A and Class B Common Stock. The cash dividend is payable on December 2, 2016 to Class A and Class B shareholders of record at the close of business on November 11, 2016.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Oct. 31, 2016
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 Common shares to Class A Common 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 Common Shares, we use the “if-converted” method. This calculation assumes that all Class B Common Shares are converted into Class A Common Shares (if antidilutive) 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 Common 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 Common Shares and the undistributed earnings are allocated evenly to both Class A and B Common Shares including Class A Common 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 Common Shares into Class A Common 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 October 31, 2016 Six Months Ended October 31, 2016 Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.21 $ 0.21 Undistributed earnings (0.10 ) (0.10 ) (0.14 ) (0.14 ) Total $ 0.01 $ 0.01 $ 0.07 $ 0.07 Distributed earnings $ 2,943 $ 268 $ 5,609 $ 511 Undistributed earnings (2,565 ) (234 ) (3,680 ) (340 ) Total $ 378 $ 34 $ 1,929 $ 171 Basic weighted average common shares outstanding 26,703 2,432 26,580 2,457 Three Months Ended October 31, 2015 Six Months Ended October 31, 2015 Class A Class B Class A Class B Distributed earnings $ 0.10 $ 0.10 $ 0.20 $ 0.20 Undistributed earnings (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 earnings (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 Diluted EPS for Class A Common Shares Using the If-Converted Method Three Months Ended October 31, 2016 Undistributed & Distributed Earnings to Class A Common Class A Common Shares EPS* Per Basic $ 378 26,703 $ 0.01 Common Stock Equivalents — 413 — 378 27,116 0.01 Class B Conversion 34 2,432 — Diluted EPS for Class A Common Shares $ 412 29,548 $ 0.01 Six Months Ended October 31, 2016 Undistributed & Distributed Earnings to Class A Common Class A Common Shares EPS* Per Basic $ 1,929 26,580 $ 0.07 Common Stock Equivalents — 362 — 1,929 26,942 0.07 Class B Conversion 171 2,457 — Diluted EPS for Class A Common Shares $ 2,100 29,399 $ 0.07 Three Months Ended October 31, 2015 Undistributed & Distributed Earnings to Class A Common Class A Common Shares 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 Common Shares $ 2,153 28,941 $ 0.07 Six Months Ended October 31, 2015 Undistributed & Distributed Earnings to Class A Common Class A Common Shares 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 Common Shares $ 4,725 28,910 $ 0.16 Diluted EPS for Class B Common Shares Using the Two-Class Method Three Months Ended October 31, 2016 Undistributed & Distributed Earnings to Class B Common Class B Common Shares EPS* Per Basic $ 34 2,432 $ 0.01 Reallocation of undistributed earnings to Class A Common Shares from Class B Common Shares 4 — — Diluted EPS for Class B Common Shares $ 38 2,432 $ 0.01 Six Months Ended October 31, 2016 Undistributed & Distributed Earnings to Class B Common Class B Common Shares EPS* Per Basic $ 171 2,457 $ 0.07 Reallocation of undistributed earnings to Class B Common Shares from Class A Common Shares 5 — — Diluted EPS for Class B Common Shares $ 176 2,457 $ 0.07 Three Months Ended October 31, 2015 Undistributed & Distributed Earnings to Class B Common Class B Common Shares EPS Per Basic $ 194 2,587 $ 0.08 Reallocation of undistributed earnings to Class A Common Shares from Class B Common Shares 1 — — Diluted EPS for Class B Common Shares $ 195 2,587 $ 0.08 Six Months Ended October 31, 2015 Undistributed & Distributed Earnings to Class B Common Class B Common Shares 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 * Amounts adjusted for rounding For the three and six months ended October 31, 2016, we excluded options to purchase 345,891 and 302,628 Class A Common Shares, respectively, and 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, 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, 2016, we had a total of 3,517,317 options outstanding and, as of October 31, 2015, we had a total of 3,659,371 options outstanding.

Acquisitions

Acquisitions	6 Months Ended
	Oct. 31, 2016
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 revenues-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 such costs are incurred. The results of operations of acquired businesses are included in the consolidated financial statements from the acquisition date. Effective August 23, 2016, the Company acquired certain assets of AdapChain, Inc., a privately-held Pennsylvania corporation and a provider of high-quality modular integration technology (“ACI”), pursuant to the terms of an asset purchase agreement, dated as of August 23, 2016 (the “Purchase Agreement”). This acquisition will expand and complement the products and services offered by Logility. Under the terms of the Purchase Agreement, the Company acquired the assets for a purchase price of $4,000,000 in cash plus a post-closing working capital adjustment of $385,000 and $102,000 in purchase price adjustments related to the fair value of deferred revenue. Additional consideration is payable at the end of each three month period in the 36-month period following the Closing Date (such 36-month period being the “Earnout Period”) from the license fee revenues contracted for and recorded as revenue in accordance with GAAP by either AdapChain or the Company from the sale of AdapChain software during such three month period, up to a maximum aggregate amount of $2.0 million over the Earnout Period. This additional consideration will be accounted for as post-combination services and, therefore, will be expensed as incurred, since one of the previous shareholders of AdapChain must remain employed by the Company in order to receive these earnout payments. The Company incurred acquisition costs of approximately $139,400 during the three and six months ended October 31, 2016. The operating results of ACI are not material for pro forma disclosure. We preliminarily allocated $800,000 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 preliminary allocation of the total purchase price reflects the fair value of the assets acquired and liabilities assumed as of August 23, 2016 (in thousands): Useful Life Cash $ 46 Accounts receivable, net 510 Other current assets 66 Property and equipment, net 16 Goodwill 800 Non-compete 100 1-3 years Trade name 200 3 years Current technology 2,900 3 years Total Assets Acquired 4,638 Current liabilities (135 ) Long-term liabilities (16 ) Total liabilities assumed (151 ) Net assets acquired $ 4,487 Non-compete agreements, trade names 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, 2016
Stock-Based Compensation	F. Stock-Based Compensation During the six months ended October 31, 2016 and 2015, we granted options for 342,000 and 1,063,000 shares of common stock, respectively. We recorded stock option compensation cost of approximately $389,000 and $410,000 and related income tax benefits of approximately $145,000 and $151,000 during the three months ended October 31, 2016 and 2015, respectively. We recorded stock option compensation cost of approximately $778,000 and $808,000 and related income tax benefits of approximately $285,000 and $297,000 during the six months ended October 31, 2016 and 2015, respectively. We recorded stock-based compensation expense on a straight-line basis over the vesting period directly to additional paid-in-capital. The Company adopted ASU No. 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting, Prior to the adoption of ASU No. 2016-09, cash flows resulting from the tax benefits generated by tax deductions in excess of the compensation cost recognized for those options (excess tax benefits) were classified as financing cash flows. During the six months ended October 31, 2015, we realized excess tax benefits of approximately $21,000 which are included as a component of cash flows from financing activities in the accompanying 2015 consolidated statements of cash flows. During the six months ended October 31, 2016 and 2015, we issued 314,000 and 112,848 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, 2016 and 2015 based on market value at the exercise dates was approximately $293,000 and $321,000, respectively. As of October 31, 2016, unrecognized compensation cost related to unvested stock option awards approximated $3.0 million, which we expect to recognize over a weighted average period of 1.66 years.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Oct. 31, 2016
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, 2016 and April 30, 2016, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): October 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Cash equivalents $ 45,434 $ — $ — $ 45,434 Marketable securities 7,404 16,707 — 24,111 Total $ 52,838 $ 16,707 $ — $ 69,545 April 30, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Cash equivalents $ 45,977 $ — $ — $ 45,977 Marketable securities 7,374 21,487 — 28,861 Total $ 53,351 $ 21,487 $ — $ 74,838 In addition to cash equivalents and marketable securities classified as trading securities, we also have an equity method investment valued at approximately $20,000 as of October 31, 2016 and April 30, 2016, that is not recorded at fair value and, thus, is not included in the tables above.

Stock Repurchases

Stock Repurchases	6 Months Ended
	Oct. 31, 2016
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, 2016, we have repurchased 1,053,679 shares of common stock at a cost of approximately $6.2 million. As of October 31, 2016, under all repurchase plans previously authorized, including this most recent plan, we have repurchased a total of 4,588,632 shares of common stock at a cost of approximately $25.6 million.

Comprehensive Income

Comprehensive Income	6 Months Ended
	Oct. 31, 2016
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, 2016
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 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 SCM segment, which consists of Logility, a wholly-owned subsidiary, as well as its subsidiary, Demand Management, Inc. (“DMI”), provides collaborative supply chain solutions to streamline and optimize the forecasting, inventory, production, supply, allocation, distribution and management of products between trading partners. 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, maintenance and support services. 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, 2016 and 2015: Three Months Ended October 31, Six Months Ended October 31, 2016 2015 2016 2015 Revenues: Enterprise Resource Planning $ 2,757 $ 3,059 $ 5,765 $ 6,584 Collaborative Supply Chain Management 18,125 19,267 37,536 37,840 IT Consulting 5,264 6,744 10,278 13,504 $ 26,146 $ 29,070 $ 53,579 $ 57,928 Operating income (loss) before intersegment eliminations: Enterprise Resource Planning $ (1,614 ) $ (1,383 ) $ (3,029 ) $ (2,345 ) Collaborative Supply Chain Management 2,164 4,198 5,016 8,391 IT Consulting 158 513 368 1,102 $ 708 $ 3,328 $ 2,355 $ 7,148 Intersegment eliminations: Enterprise Resource Planning $ (880 ) $ (706 ) $ (1,759 ) $ (1,435 ) Collaborative Supply Chain Management 897 675 1,792 1,375 IT Consulting (17 ) 31 (33 ) 60 $ — $ — $ — $ — Operating income (loss) after intersegment eliminations: Enterprise Resource Planning $ (2,495 ) $ (2,089 ) $ (4,788 ) $ (3,780 ) Collaborative Supply Chain Management 3,061 4,873 6,808 9,766 IT Consulting 142 544 335 1,162 $ 708 $ 3,328 $ 2,355 $ 7,148 Capital expenditures: Enterprise Resource Planning $ 121 $ 136 $ 166 $ 144 Collaborative Supply Chain Management 65 40 163 97 IT Consulting — — — — $ 186 $ 176 $ 329 $ 241 Capitalized software: Enterprise Resource Planning* $ — $ — $ — $ — Collaborative Supply Chain Management 969 1,173 1,606 1,990 IT Consulting — — — — $ 969 $ 1,173 $ 1,606 $ 1,990 Depreciation and amortization: Enterprise Resource Planning $ 183 $ 149 $ 326 $ 299 Collaborative Supply Chain Management 1,453 1,256 2,713 2,514 IT Consulting 2 2 4 5 $ 1,638 $ 1,407 $ 3,043 $ 2,818 Earnings (loss) before income taxes: Enterprise Resource Planning* $ (1,743 ) $ (1,208 ) $ (2,471 ) $ (1,786 ) Collaborative Supply Chain Management 2,126 4,156 4,951 8,268 IT Consulting 158 513 368 1,102 $ 541 $ 3,461 $ 2,848 $ 7,584 * includes certain unallocated expenses. Major Customer No one customer accounted for more than 10% of total revenues for the three and six months ended October 31, 2016 and 2015.

Contingencies

Contingencies	6 Months Ended
	Oct. 31, 2016
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, 2016
Subsequent Event	L. Subsequent Event On November 15, 2016, our Board of Directors declared a quarterly cash dividend of $0.11 per share of our Class A and Class B Common Stock. The cash dividend is payable on February 24, 2017 to Class A and Class B shareholders of record at the close of business on February 10, 2017.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 31, 2016
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 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 Company’s financial position at October 31, 2016, the results of operations for the three and six months ended October 31, 2016 and 2015 and cash flows for the six months ended October 31, 2016 and 2015. The Company’s results for the three and six months ended October 31, 2016 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, 2016. 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, 2016 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/vendor specific objective evidence (“VSOE”), capitalized software costs, goodwill, intangible assets, stock-based compensation, income taxes 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 accompanying consolidated financial statements include the accounts of American Software, Inc. and its wholly-owned subsidiaries (“American Software” or the “Company”). 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 . Software-as-a-Service (SaaS) revenues include fees for the right to use the software for a limited period of time in a hosted environment 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; however, the customer has no ability to take delivery of the software. The underlying arrangements typically include a single fee for the service that is billed monthly, quarterly or annually. Software-as-a-Service (SaaS) revenues are recognized ratably over the subscription (which rolls into Services Revenue) over the committed services period once the services commence. 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 Common shares to Class A Common 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 Common Shares, we use the “if-converted” method. This calculation assumes that all Class B Common Shares are converted into Class A Common Shares (if antidilutive) 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 Common 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 Common Shares and the undistributed earnings are allocated evenly to both Class A and B Common Shares including Class A Common 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 Common Shares into Class A Common Shares.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Oct. 31, 2016
Basic Earnings Per Common Share	Basic earnings per common share: Three Months Ended October 31, 2016 Six Months Ended October 31, 2016 Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.21 $ 0.21 Undistributed earnings (0.10 ) (0.10 ) (0.14 ) (0.14 ) Total $ 0.01 $ 0.01 $ 0.07 $ 0.07 Distributed earnings $ 2,943 $ 268 $ 5,609 $ 511 Undistributed earnings (2,565 ) (234 ) (3,680 ) (340 ) Total $ 378 $ 34 $ 1,929 $ 171 Basic weighted average common shares outstanding 26,703 2,432 26,580 2,457 Three Months Ended October 31, 2015 Six Months Ended October 31, 2015 Class A Class B Class A Class B Distributed earnings $ 0.10 $ 0.10 $ 0.20 $ 0.20 Undistributed earnings (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 earnings (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
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, 2016 Undistributed & Distributed Earnings to Class A Common Class A Common Shares EPS* Per Basic $ 378 26,703 $ 0.01 Common Stock Equivalents — 413 — 378 27,116 0.01 Class B Conversion 34 2,432 — Diluted EPS for Class A Common Shares $ 412 29,548 $ 0.01 Six Months Ended October 31, 2016 Undistributed & Distributed Earnings to Class A Common Class A Common Shares EPS* Per Basic $ 1,929 26,580 $ 0.07 Common Stock Equivalents — 362 — 1,929 26,942 0.07 Class B Conversion 171 2,457 — Diluted EPS for Class A Common Shares $ 2,100 29,399 $ 0.07 Three Months Ended October 31, 2015 Undistributed & Distributed Earnings to Class A Common Class A Common Shares 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 Common Shares $ 2,153 28,941 $ 0.07 Six Months Ended October 31, 2015 Undistributed & Distributed Earnings to Class A Common Class A Common Shares 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 Common Shares $ 4,725 28,910 $ 0.16
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, 2016 Undistributed & Distributed Earnings to Class B Common Class B Common Shares EPS* Per Basic $ 34 2,432 $ 0.01 Reallocation of undistributed earnings to Class A Common Shares from Class B Common Shares 4 — — Diluted EPS for Class B Common Shares $ 38 2,432 $ 0.01 Six Months Ended October 31, 2016 Undistributed & Distributed Earnings to Class B Common Class B Common Shares EPS* Per Basic $ 171 2,457 $ 0.07 Reallocation of undistributed earnings to Class B Common Shares from Class A Common Shares 5 — — Diluted EPS for Class B Common Shares $ 176 2,457 $ 0.07 Three Months Ended October 31, 2015 Undistributed & Distributed Earnings to Class B Common Class B Common Shares EPS Per Basic $ 194 2,587 $ 0.08 Reallocation of undistributed earnings to Class A Common Shares from Class B Common Shares 1 — — Diluted EPS for Class B Common Shares $ 195 2,587 $ 0.08 Six Months Ended October 31, 2015 Undistributed & Distributed Earnings to Class B Common Class B Common Shares 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 * Amounts adjusted for rounding

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Oct. 31, 2016
MID Retail, Inc.
Preliminary Allocation of Total Purchase Price	The following preliminary allocation of the total purchase price reflects the fair value of the assets acquired and liabilities assumed as of August 23, 2016 (in thousands): Useful Life Cash $ 46 Accounts receivable, net 510 Other current assets 66 Property and equipment, net 16 Goodwill 800 Non-compete 100 1-3 years Trade name 200 3 years Current technology 2,900 3 years Total Assets Acquired 4,638 Current liabilities (135 ) Long-term liabilities (16 ) Total liabilities assumed (151 ) Net assets acquired $ 4,487

Fair Value of Financial Instr22

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Oct. 31, 2016
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, 2016 and April 30, 2016, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): October 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Cash equivalents $ 45,434 $ — $ — $ 45,434 Marketable securities 7,404 16,707 — 24,111 Total $ 52,838 $ 16,707 $ — $ 69,545 April 30, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Cash equivalents $ 45,977 $ — $ — $ 45,977 Marketable securities 7,374 21,487 — 28,861 Total $ 53,351 $ 21,487 $ — $ 74,838

Industry Segments (Tables)

Industry Segments (Tables)	6 Months Ended
	Oct. 31, 2016
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, 2016 and 2015: Three Months Ended October 31, Six Months Ended October 31, 2016 2015 2016 2015 Revenues: Enterprise Resource Planning $ 2,757 $ 3,059 $ 5,765 $ 6,584 Collaborative Supply Chain Management 18,125 19,267 37,536 37,840 IT Consulting 5,264 6,744 10,278 13,504 $ 26,146 $ 29,070 $ 53,579 $ 57,928 Operating income (loss) before intersegment eliminations: Enterprise Resource Planning $ (1,614 ) $ (1,383 ) $ (3,029 ) $ (2,345 ) Collaborative Supply Chain Management 2,164 4,198 5,016 8,391 IT Consulting 158 513 368 1,102 $ 708 $ 3,328 $ 2,355 $ 7,148 Intersegment eliminations: Enterprise Resource Planning $ (880 ) $ (706 ) $ (1,759 ) $ (1,435 ) Collaborative Supply Chain Management 897 675 1,792 1,375 IT Consulting (17 ) 31 (33 ) 60 $ — $ — $ — $ — Operating income (loss) after intersegment eliminations: Enterprise Resource Planning $ (2,495 ) $ (2,089 ) $ (4,788 ) $ (3,780 ) Collaborative Supply Chain Management 3,061 4,873 6,808 9,766 IT Consulting 142 544 335 1,162 $ 708 $ 3,328 $ 2,355 $ 7,148 Capital expenditures: Enterprise Resource Planning $ 121 $ 136 $ 166 $ 144 Collaborative Supply Chain Management 65 40 163 97 IT Consulting — — — — $ 186 $ 176 $ 329 $ 241 Capitalized software: Enterprise Resource Planning* $ — $ — $ — $ — Collaborative Supply Chain Management 969 1,173 1,606 1,990 IT Consulting — — — — $ 969 $ 1,173 $ 1,606 $ 1,990 Depreciation and amortization: Enterprise Resource Planning $ 183 $ 149 $ 326 $ 299 Collaborative Supply Chain Management 1,453 1,256 2,713 2,514 IT Consulting 2 2 4 5 $ 1,638 $ 1,407 $ 3,043 $ 2,818 Earnings (loss) before income taxes: Enterprise Resource Planning* $ (1,743 ) $ (1,208 ) $ (2,471 ) $ (1,786 ) Collaborative Supply Chain Management 2,126 4,156 4,951 8,268 IT Consulting 158 513 368 1,102 $ 541 $ 3,461 $ 2,848 $ 7,584 * includes certain unallocated expenses.

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Apr. 30, 2016
Revenue Recognition [Line Items]
Amounts received for reimbursement of travel and other out-of-pocket expenses	$ 534,000	$ 666,000	$ 1,200,000	$ 1,200,000
Unbilled amounts	3,369,000		3,369,000		$ 3,444,000
Unbilled License Fees
Revenue Recognition [Line Items]
Unbilled amounts	613,000		613,000		1,500,000
Unbilled Services Revenues
Revenue Recognition [Line Items]
Unbilled amounts	$ 2,800,000		$ 2,800,000		$ 1,900,000
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. 18, 2016	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Dividends Payable [Line Items]
Cash dividends declared per common share	$ 0.11	$ 0.11	$ 0.10	$ 0.22	$ 0.20
Cash dividend payable date	Dec. 2, 2016
Cash dividends declared, record date	Nov. 11, 2016

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Earnings Per Share [Line Items]
Options to Purchase Excluded	345,891	1,534,533	302,628	1,221,956
Options to Purchase Outstanding	3,517,317	3,659,371	3,517,317	3,659,371
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, 2016		Oct. 31, 2015	Oct. 31, 2016		Oct. 31, 2015
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total	[1]	$ 0.01		$ 0.08	$ 0.07		$ 0.16
Basic weighted average common shares outstanding		29,135		28,660	29,037		28,637
Class A Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings		$ 0.11		$ 0.10	$ 0.21		$ 0.20
Undistributed earnings		(0.10)		(0.02)	(0.14)		(0.04)
Total		$ 0.01	[2]	$ 0.08	$ 0.07	[2]	$ 0.16
Distributed earnings		$ 2,943		$ 2,610	$ 5,609		$ 5,215
Undistributed earnings		(2,565)		(651)	(3,680)		(916)
Total		$ 378		$ 1,959	$ 1,929		$ 4,299
Basic weighted average common shares outstanding		26,703		26,073	26,580		26,050
Class B Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings		$ 0.11		$ 0.10	$ 0.21		$ 0.20
Undistributed earnings		(0.10)		(0.02)	(0.14)		(0.04)
Total		$ 0.01	[2]	$ 0.08	$ 0.07	[2]	$ 0.16
Distributed earnings		$ 268		$ 259	$ 511		$ 517
Undistributed earnings		(234)		(65)	(340)		(91)
Total		$ 34		$ 194	$ 171		$ 426
Basic weighted average common shares outstanding		2,432		2,587	2,457		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 $0.01 and $0.08 for the three months ended October 31, 2016 and 2015, and $0.07 and $0.16 for the six months ended October 31, 2016 and 2015, respectively. See Note D to the Condensed Consolidated Financial Statements.
[2]	Amounts adjusted for rounding

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, 2016		Oct. 31, 2015	Oct. 31, 2016		Oct. 31, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 412		$ 2,153	$ 2,100		$ 4,725
Basic weighted average common shares outstanding		29,135		28,660	29,037		28,637
Diluted, Class A Common Shares		29,548		28,941	29,398		28,910
Basic, EPS	[1]	$ 0.01		$ 0.08	$ 0.07		$ 0.16
Diluted, EPS	[1]	$ 0.01		$ 0.07	$ 0.07		$ 0.16
Class A Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 378		$ 1,959	$ 1,929		$ 4,299
Undistributed & Distributed Earnings, Class B Conversion		34		194	171		426
Net Income (Loss) Available to Common Stockholders, Diluted, Total		$ 412		$ 2,153	$ 2,100		$ 4,725
Basic weighted average common shares outstanding		26,703		26,073	26,580		26,050
Common Stock Equivalents		413		281	362		273
Weighted Average Number of Shares Including Common Stock Equivalents, Diluted		27,116		26,354	26,942		26,323
Class B Conversion		2,432		2,587	2,457		2,587
Diluted, Class A Common Shares		29,548		28,941	29,399		28,910
Basic, EPS		$ 0.01	[2]	$ 0.08	$ 0.07	[2]	$ 0.16
Diluted, EPS		$ 0.01	[2]	$ 0.07	$ 0.07	[2]	$ 0.16
[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 $0.01 and $0.08 for the three months ended October 31, 2016 and 2015, and $0.07 and $0.16 for the six months ended October 31, 2016 and 2015, respectively. See Note D to the Condensed Consolidated Financial Statements.
[2]	Amounts adjusted for rounding

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, 2016		Oct. 31, 2015	Oct. 31, 2016		Oct. 31, 2015
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net earnings		$ 412		$ 2,153	$ 2,100		$ 4,725
Basic weighted average common shares outstanding		29,135		28,660	29,037		28,637
Weighted Average Number of Shares Outstanding, Diluted		29,548		28,941	29,398		28,910
Basic, EPS	[1]	$ 0.01		$ 0.08	$ 0.07		$ 0.16
Diluted, EPS	[1]	$ 0.01		$ 0.07	$ 0.07		$ 0.16
Class B Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Class B Conversion		$ 34		$ 194	$ 171		$ 426
Reallocation of Undistributed Earnings		4		1	5
Net earnings		$ 38		$ 195	$ 176		$ 426
Basic weighted average common shares outstanding		2,432		2,587	2,457		2,587
Weighted Average Number of Shares Outstanding, Diluted		2,432		2,587	2,457		2,587
Basic, EPS		$ 0.01	[2]	$ 0.08	$ 0.07	[2]	$ 0.16
Diluted, EPS		$ 0.01	[2]	$ 0.08	$ 0.07	[2]	$ 0.16
[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 $0.01 and $0.08 for the three months ended October 31, 2016 and 2015, and $0.07 and $0.16 for the six months ended October 31, 2016 and 2015, respectively. See Note D to the Condensed Consolidated Financial Statements.
[2]	Amounts adjusted for rounding

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($)	Aug. 23, 2016	Oct. 31, 2016	Oct. 31, 2016	Apr. 30, 2016
Business Acquisition [Line Items]
Business acquisition, purchase price allocate to goodwill		$ 19,549,000	$ 19,549,000	$ 18,749,000
MID Retail, Inc.
Business Acquisition [Line Items]
Business acquisition, purchase price paid in cash	$ 4,000,000
Business acquisition, post-closing working capital adjustment	385,000
Business acquisition, fair value of deferred revenue adjustment	$ 102,000
Earnout period	36 months
Additional consideration payments	$ 2,000,000
Business acquisition costs incurred		$ 139,400	$ 139,400
Business acquisition, purchase price allocate to goodwill	$ 800,000

Preliminary Allocation of Total

Preliminary Allocation of Total Purchase Price (Detail) - USD ($) $ in Thousands	Aug. 23, 2016	Oct. 31, 2016	Apr. 30, 2016
Business Acquisition [Line Items]
Goodwill		$ 19,549	$ 18,749
MID Retail, Inc.
Business Acquisition [Line Items]
Cash	$ 46
Accounts receivable, net	510
Other current assets	66
Property and equipment, net	16
Goodwill	800
Total Assets Acquired	4,638
Current liabilities	(135)
Long-term liabilities	(16)
Total liabilities assumed	(151)
Net assets acquired	4,487
MID Retail, Inc. | Current Technology
Business Acquisition [Line Items]
Intangible assets	$ 2,900
Useful Life	3 years
MID Retail, Inc. | Non-compete
Business Acquisition [Line Items]
Intangible assets	$ 100
MID Retail, Inc. | Non-compete | Minimum
Business Acquisition [Line Items]
Useful Life	1 year
MID Retail, Inc. | Non-compete | Maximum
Business Acquisition [Line Items]
Useful Life	3 years
MID Retail, Inc. | Trade Names
Business Acquisition [Line Items]
Intangible assets	$ 200
Useful Life	3 years

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option for common stock			342,000	1,063,000
Stock-based compensation expense	$ 389,000	$ 410,000	$ 778,000	$ 808,000
Income tax benefit	145,000	$ 151,000	$ 285,000	297,000
Excess tax benefits from stock based compensation				$ 21,000
Stock options exercised			314,000	112,848
Total intrinsic value of options exercised			$ 293,000	$ 321,000
Unrecognized compensation cost related to unvested stock option	$ 3,000,000		$ 3,000,000
Weighted average period for Unrecognized compensation cost			1 year 7 months 28 days

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Oct. 31, 2016	Apr. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 45,434	$ 45,977
Marketable securities	24,111	28,861
Total	69,545	74,838
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	45,434	45,977
Marketable securities	7,404	7,374
Total	52,838	53,351
Significant Other Observable Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	16,707	21,487
Total	$ 16,707	$ 21,487

Fair Value of Financial Instr34

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	Oct. 31, 2016	Apr. 30, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity method investment valued	$ 20,000	$ 20,000

Stock Repurchases - Additional

Stock Repurchases - Additional Information (Detail) - Class A Common Shares $ in Millions	6 Months Ended	170 Months Ended
	Oct. 31, 2016USD ($)shares	Oct. 31, 2016USD ($)shares
Equity, Class of Treasury Stock [Line Items]
Common stock shares repurchased	4,588,632
Cost of common stock repurchased | $	$ 25.6
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		1,053,679
Cost of common stock repurchased | $		$ 6.2

Industry Segments - Additional

Industry Segments - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Oct. 31, 2016Customer	Oct. 31, 2015Customer	Oct. 31, 2016CustomerSegmentGroup	Oct. 31, 2015Customer
Segment Reporting Information [Line Items]
Number of major business segments | Segment			3
Number of major product and service groups | Group			4
Number of major customers that account more than 10% of total revenues | Customer	0	0	0	0

Segment Information (Detail)

Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Segment Reporting Information [Line Items]
Revenues		$ 26,146	$ 29,070	$ 53,579	$ 57,928
Operating income(loss)		708	3,328	2,355	7,148
Capital expenditures		186	176	329	241
Capitalized Software		969	1,173	1,606	1,990
Depreciation and amortization		1,638	1,407	3,043	2,818
Earnings (loss) before income taxes		541	3,461	2,848	7,584
Enterprise Resource Planning
Segment Reporting Information [Line Items]
Revenues		2,757	3,059	5,765	6,584
Operating income(loss)		(2,495)	(2,089)	(4,788)	(3,780)
Capital expenditures		121	136	166	144
Depreciation and amortization		183	149	326	299
Earnings (loss) before income taxes	[1]	(1,743)	(1,208)	(2,471)	(1,786)
Collaborative Supply Chain Management
Segment Reporting Information [Line Items]
Revenues		18,125	19,267	37,536	37,840
Operating income(loss)		3,061	4,873	6,808	9,766
Capital expenditures		65	40	163	97
Capitalized Software		969	1,173	1,606	1,990
Depreciation and amortization		1,453	1,256	2,713	2,514
Earnings (loss) before income taxes		2,126	4,156	4,951	8,268
IT Consulting
Segment Reporting Information [Line Items]
Revenues		5,264	6,744	10,278	13,504
Operating income(loss)		142	544	335	1,162
Depreciation and amortization		2	2	4	5
Earnings (loss) before income taxes		158	513	368	1,102
Operating Segments
Segment Reporting Information [Line Items]
Operating income(loss)		708	3,328	2,355	7,148
Operating Segments | Enterprise Resource Planning
Segment Reporting Information [Line Items]
Operating income(loss)		(1,614)	(1,383)	(3,029)	(2,345)
Operating Segments | Collaborative Supply Chain Management
Segment Reporting Information [Line Items]
Operating income(loss)		2,164	4,198	5,016	8,391
Operating Segments | IT Consulting
Segment Reporting Information [Line Items]
Operating income(loss)		158	513	368	1,102
Intersegment Eliminations | Enterprise Resource Planning
Segment Reporting Information [Line Items]
Operating income(loss)		(880)	(706)	(1,759)	(1,435)
Intersegment Eliminations | Collaborative Supply Chain Management
Segment Reporting Information [Line Items]
Operating income(loss)		897	675	1,792	1,375
Intersegment Eliminations | IT Consulting
Segment Reporting Information [Line Items]
Operating income(loss)		$ (17)	$ 31	$ (33)	$ 60
[1]	includes certain unallocated expenses.

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - $ / shares	Nov. 15, 2016	Aug. 18, 2016	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Subsequent Event [Line Items]
Cash dividends declared per common share		$ 0.11	$ 0.11	$ 0.10	$ 0.22	$ 0.20
Cash dividend payable date		Dec. 2, 2016
Cash dividends declared, record date		Nov. 11, 2016
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share	$ 0.11
Cash dividend payable date	Feb. 24, 2017
Cash dividends declared, record date	Feb. 10, 2017