Logility Supply Chain Solutions (LGTY) 10-Q 8 Sep 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2017	Aug. 31, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
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		27,398,626
Class B Common Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,329,098

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2017	Apr. 30, 2017
Current assets:
Cash and cash equivalents	$ 66,227	$ 66,001
Investments	17,979	19,332
Trade accounts receivable, less allowance for doubtful accounts of $186 at July 31, 2017 and $171 at April 30, 2017:
Billed	13,990	17,060
Unbilled	2,377	2,811
Prepaid expenses and other current assets	3,900	4,322
Total current assets	104,473	109,526
Investments-Noncurrent	6,352	4,455
Property and equipment, net of accumulated depreciation of $28,273 at July 31, 2017 and $28,153 at April 30, 2017	2,069	2,055
Capitalized software, net of accumulated amortization of $21,293 at July 31, 2017 and $20,423 at April 30, 2017	9,052	8,614
Goodwill	19,549	19,549
Other intangibles, net of accumulated amortization of $6,801 at July 31, 2017 and $6,406 at April 30, 2017	3,004	3,399
Other assets	1,343	1,176
Total assets	145,842	148,774
Current liabilities:
Accounts payable	1,829	1,541
Accrued compensation and related costs	3,095	3,329
Dividends payable	3,270	3,259
Other current liabilities	2,471	5,171
Deferred revenue	28,332	29,437
Total current liabilities	38,997	42,737
Deferred income taxes	2,114	1,994
Long-term deferred revenue	240	214
Other long-term liabilities	77	79
Total liabilities	41,428	45,024
Shareholders' equity:
Additional paid-in capital	122,477	121,280
Retained earnings	4,064	4,608
Class A treasury stock, 4,588,632 shares at July 31, 2017 and April 30, 2017, at cost	(25,559)	(25,559)
Total shareholders' equity	104,414	103,750
Commitments and contingencies
Total liabilities and shareholders' equity	145,842	148,774
Class A Common Shares
Shareholders' equity:
Common stock value	3,199	3,182
Class B Common Shares
Shareholders' equity:
Common stock value	$ 233	$ 239

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2017	Apr. 30, 2017
Allowance for doubtful accounts receivable	$ 186	$ 171
Property and equipment, accumulated depreciation	28,273	28,153
Capitalized software, accumulated amortization	21,293	20,423
Other intangibles, accumulated amortization	$ 6,801	$ 6,406
Class A treasury stock, shares	4,588,632	4,588,632
Class A Common Shares
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	31,987,258	31,821,508
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	2,329,098	2,393,336
Common stock, shares outstanding	2,329,098	2,393,336

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Jul. 31, 2017	Jul. 31, 2016
Revenues:
License		$ 4,015	$ 4,627
Services and other		12,043	12,221
Maintenance		10,828	10,585
Total revenues		26,886	27,433
Cost of revenues:
License		1,507	1,823
Services and other		7,927	9,053
Maintenance		2,227	2,761
Total cost of revenues		11,661	13,637
Gross margin		15,225	13,796
Research and development		2,507	3,100
Sales and marketing		5,233	5,471
General and administrative		3,515	3,511
Amortization of acquisition-related intangibles		348	68
Total operating expenses		11,603	12,150
Operating income		3,622	1,646
Other income:
Interest income		363	317
Other, net		236	343
Earnings before income taxes		4,221	2,306
Income tax expense		1,496	618
Net earnings		$ 2,725	$ 1,688
Earnings per common share:
Basic	[1]	$ 0.09	$ 0.06
Diluted	[1]	0.09	0.06
Cash dividends declared per common share		$ 0.11	$ 0.11
Shares used in the calculation of earnings per common share:
Basic		29,671	28,938
Diluted		29,989	29,254
[1]	Basic per share amounts are the same for Class A and Class B Common Shares. Diluted per share amounts for Class A Common Shares are shown above. Diluted earnings per share for Class B Common Shares under the two-class method are $0.09 and $0.06 for the three months ended July 31, 2017 and 2016, respectively. See Note D to the Condensed Consolidated Financial Statements.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations (Parenthetical) - $ / shares		3 Months Ended
		Jul. 31, 2017	Jul. 31, 2016
Diluted	[1]	$ 0.09	$ 0.06
Class B Common Shares
Diluted	[2]	$ 0.09	$ 0.06
[1]	Basic per share amounts are the same for Class A and Class B Common Shares. Diluted per share amounts for Class A Common Shares are shown above. Diluted earnings per share for Class B Common Shares under the two-class method are $0.09 and $0.06 for the three months ended July 31, 2017 and 2016, 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 ($) $ in Thousands	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Cash flows from operating activities:
Net earnings	$ 2,725	$ 1,688
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,385	1,407
Stock-based compensation expense	316	388
Net gain on investments	(113)	(216)
Deferred income taxes	120	8
Changes in operating assets and liabilities:
Purchases of trading securities	(5,439)	(1,871)
Proceeds from maturities and sales of trading securities	5,010	4,843
Accounts receivable, net	3,504	2,528
Prepaid expenses and other assets	255	282
Accounts payable and other liabilities	(2,669)	(2,329)
Deferred revenue	(1,079)	(1,698)
Net cash provided by operating activities	4,015	5,030
Cash flows from investing activities:
Capitalized computer software development costs	(1,287)	(636)
Purchases of property and equipment, net of disposals	(133)	(144)
Net cash used in investing activities	(1,420)	(780)
Cash flows from financing activities:
Proceeds from exercise of stock options	890	1,479
Dividends paid	(3,259)	(2,896)
Net cash used in financing activities	(2,369)	(1,417)
Net change in cash and cash equivalents	226	2,833
Cash and cash equivalents at beginning of period	66,001	49,004
Cash and cash equivalents at end of period	$ 66,227	$ 51,837

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	3 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
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 10-01 Regulation S-X. 10-K 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, 2017 contained in the Annual Report 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 assets impairment, 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 unaudited condensed 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	3 Months Ended
	Jul. 31, 2017
Text Block [Abstract]
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 . case-by-case Maintenance . Services . out-of-pocket Software-as-a-Service as-needed Software-as-a-Service Indirect Channel Revenue . end-user, Deferred Revenue . Sales Taxes . Unbilled Accounts Receivable .

Declaration of Dividend Payable

Declaration of Dividend Payable	3 Months Ended
	Jul. 31, 2017
Text Block [Abstract]
Declaration of Dividend Payable	C. Declaration of Dividend Payable On May 11, 2017, 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 August 25, 2017 to Class A and Class B shareholders of record at the close of business on August 11, 2017.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Jul. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Common Share	D. Earnings Per Common Share We have two classes of common stock: Class A Common Shares and Class B Common Shares. Our Class B Common Shares are convertible into Class A Common Shares at any time, on a one-for-one “two-class” For our basic earnings per share calculation, we use the “two-class” 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” For our diluted earnings per share calculation for Class B Common Shares, we use the “two-class” 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 Three Months Ended Class A Common Class B Common Class A Common Class B Common Distributed earnings $ 0.11 $ 0.11 $ 0.11 $ 0.11 Undistributed earnings (0.02 ) (0.02 ) (0.05 ) (0.05 ) Total $ 0.09 $ 0.09 $ 0.06 $ 0.06 Distributed earnings $ 3,014 $ 256 $ 2,933 $ 268 Undistributed earnings (502 ) (43 ) (1,383 ) (130 ) Total $ 2,512 $ 213 $ 1,550 $ 138 Basic weighted average common shares outstanding 27,307 2,364 26,457 2,481 Diluted EPS for Class A Common Shares Using the If-Converted Three Months Ended July 31, 2017 Undistributed Class A EPS* Per Basic $ 2,512 27,307 $ 0.09 Common Stock Equivalents — 318 — 2,512 27,625 0.09 Class B Common Share Conversion 213 2,364 — Diluted EPS for Class A Common Shares $ 2,725 29,989 $ 0.09 Three Months Ended July 31, 2016 Undistributed Class A EPS* Per Basic $ 1,550 26,457 $ 0.06 Common Stock Equivalents — 316 — 1,550 26,773 0.06 Class B Common Share Conversion 138 2,481 — Diluted EPS for Class A Common Shares $ 1,688 29,254 $ 0.06 Diluted EPS for Class B Common Shares Using the Two-Class Three Months Ended July 31, 2017 Undistributed Class B EPS* Per Basic $ 213 2,364 $ 0.09 Reallocation of undistributed earnings to Class A Common Shares from Class B Common Shares — — — Diluted EPS for Class B Common Shares $ 213 2,364 $ 0.09 Three Months Ended July 31, 2016 Undistributed Class B EPS* Per Basic $ 138 2,481 $ 0.06 Reallocation of undistributed earnings to Class B Common Shares from Class A Common Shares 2 — — Diluted EPS for Class B Common Shares $ 140 2,481 $ 0.06 * Amounts adjusted for rounding For the three months ended July 31, 2017 and 2016, we excluded options to purchase 1,024,917 and 855,439 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 July 31, 2017, we had a total of 3,833,630 options outstanding and, as of July 31, 2016, we had a total of 3,599,581 options outstanding.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jul. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	E. Stock-Based Compensation During the three months ended July 31, 2017 and 2016, we granted options for 872,000 and 333,000 shares of common stock, respectively. We recorded stock option compensation cost of approximately $316,000 and $388,000 and related income tax excess benefits of approximately $139,000 and $145,000 during the three months ended July 31, 2017 and 2016, respectively. We record stock-based compensation expense on a straight-line basis over the vesting period directly to additional paid-in During the three months ended July 31, 2017 and 2016, we issued 101,516 and 223,276 shares of common stock, respectively, resulting from the exercise of stock options. The total intrinsic value of options exercised during the three months ended July 31, 2017 and 2016 based on market value at the exercise dates was approximately $207,000 and $856,000, respectively. As of July 31, 2017, unrecognized compensation cost related to unvested stock option awards approximated $3.4 million which we expect to recognize over a weighted average period of 1.68 years.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jul. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	F. 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 July 31, 2017 and April 30, 2017, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): July 31, 2017 Quoted Prices Significant Significant Balance Cash equivalents $ 61,496 $ — $ — $ 61,496 Marketable securities 10,122 14,209 — 24,331 Total $ 71,618 $ 14,209 $ — $ 85,827 April 30, 2017 Quoted Prices Significant Significant Balance Cash equivalents $ 62,647 $ — $ — $ 62,647 Marketable securities 8,984 14,803 — 23,787 Total $ 71,631 $ 14,803 $ — $ 86,434

Stock Repurchases

Stock Repurchases	3 Months Ended
	Jul. 31, 2017
Equity [Abstract]
Stock Repurchases	G. 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 July 31, 2017, we have repurchased 1,053,679 shares of common stock at a cost of approximately $6.2 million. As of July 31, 2017, 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	3 Months Ended
	Jul. 31, 2017
Equity [Abstract]
Comprehensive Income	H. 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	3 Months Ended
	Jul. 31, 2017
Segment Reporting [Abstract]
Industry Segments	I. 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 Our chief operating decision maker is the Principal Executive Officer (“PEO”). While the PEO is apprised of a variety of financial metrics and information, we manage our business primarily on a segment basis, with the PEO evaluating performance based upon segment operating profit or loss that includes an allocation of common expenses, but excludes certain unallocated expenses, which are included in the ERP segment. All of our revenues are derived from external customers. We do not have any inter-segment revenue. Our income taxes and dividends are paid at a consolidated level. Consequently, it is not practical to show these items by operating segment. In the following table, we have broken down the intersegment transactions applicable to the three months ended July 31, 2017 and 2016 (in thousands): Three Months Ended 2017 2016 Revenues: Enterprise Resource Planning $ 2,806 $ 3,008 Collaborative Supply Chain Management 19,711 19,411 IT Consulting 4,369 5,014 $ 26,886 $ 27,433 Operating income (loss) before intersegment eliminations: Enterprise Resource Planning $ (1,515 ) $ (1,416 ) Collaborative Supply Chain Management 4,904 2,852 IT Consulting 233 210 $ 3,622 $ 1,646 Intersegment eliminations: Enterprise Resource Planning $ (956 ) $ (906 ) Collaborative Supply Chain Management 956 896 IT Consulting — 10 $ — $ — Operating income (loss) after intersegment eliminations: Enterprise Resource Planning $ (2,471 ) $ (2,322 ) Collaborative Supply Chain Management 5,860 3,748 IT Consulting 233 220 $ 3,622 $ 1,646 Capital expenditures: Enterprise Resource Planning $ 114 $ 42 Collaborative Supply Chain Management 17 102 IT Consulting 2 — $ 133 $ 144 Capitalized Software: Enterprise Resource Planning $ — $ — Collaborative Supply Chain Management 1,287 636 IT Consulting — — $ 1,287 $ 636 Depreciation and amortization: Enterprise Resource Planning $ 56 $ 144 Collaborative Supply Chain Management 1,328 1,261 IT Consulting 1 2 $ 1,385 $ 1,407 Earnings (loss) before income taxes: Enterprise Resource Planning $ (1,077 ) $ (729 ) Collaborative Supply Chain Management 5,065 2,825 IT Consulting 233 210 $ 4,221 $ 2,306 Major Customer No one customer accounted for more than 10% of total revenues for the three months ended July 31, 2017 and 2016.

Contingencies

Contingencies	3 Months Ended
	Jul. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies	J. 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	3 Months Ended
	Jul. 31, 2017
Subsequent Events [Abstract]
Subsequent Event	K. Subsequent Event On August 24, 2017, 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 4, 2017 to Class A and Class B shareholders of record at the close of business on November 10, 2017.

Basis of Presentation and Pri18

Basis of Presentation and Principles of Consolidation (Policies)	3 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
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 10-01 Regulation S-X. 10-K 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, 2017 contained in the Annual Report 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 assets impairment, 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 unaudited condensed 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 We recognize revenue in accordance with the Software Revenue Recognition Topic of the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification. License . case-by-case Maintenance . Services . out-of-pocket Software-as-a-Service as-needed Software-as-a-Service Indirect Channel Revenue . end-user, Deferred Revenue . Sales Taxes . Unbilled Accounts Receivable .
Earnings Per Common Share	We have two classes of common stock: Class A Common Shares and Class B Common Shares. Our Class B Common Shares are convertible into Class A Common Shares at any time, on a one-for-one “two-class” For our basic earnings per share calculation, we use the “two-class” 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” For our diluted earnings per share calculation for Class B Common Shares, we use the “two-class”

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Jul. 31, 2017
Earnings Per Share [Abstract]
Basic Earnings Per Common Share	Basic earnings per common share: Three Months Ended Three Months Ended Class A Common Class B Common Class A Common Class B Common Distributed earnings $ 0.11 $ 0.11 $ 0.11 $ 0.11 Undistributed earnings (0.02 ) (0.02 ) (0.05 ) (0.05 ) Total $ 0.09 $ 0.09 $ 0.06 $ 0.06 Distributed earnings $ 3,014 $ 256 $ 2,933 $ 268 Undistributed earnings (502 ) (43 ) (1,383 ) (130 ) Total $ 2,512 $ 213 $ 1,550 $ 138 Basic weighted average common shares outstanding 27,307 2,364 26,457 2,481
Diluted Earnings Per Share for Class A Common Shares Using If-Converted Method	Diluted EPS for Class A Common Shares Using the If-Converted Three Months Ended July 31, 2017 Undistributed Class A EPS* Per Basic $ 2,512 27,307 $ 0.09 Common Stock Equivalents — 318 — 2,512 27,625 0.09 Class B Common Share Conversion 213 2,364 — Diluted EPS for Class A Common Shares $ 2,725 29,989 $ 0.09 Three Months Ended July 31, 2016 Undistributed Class A EPS* Per Basic $ 1,550 26,457 $ 0.06 Common Stock Equivalents — 316 — 1,550 26,773 0.06 Class B Common Share Conversion 138 2,481 — Diluted EPS for Class A Common Shares $ 1,688 29,254 $ 0.06
Diluted Earnings Per Share for Class B Common Shares Using Two-Class Method	Diluted EPS for Class B Common Shares Using the Two-Class Three Months Ended July 31, 2017 Undistributed Class B EPS* Per Basic $ 213 2,364 $ 0.09 Reallocation of undistributed earnings to Class A Common Shares from Class B Common Shares — — — Diluted EPS for Class B Common Shares $ 213 2,364 $ 0.09 Three Months Ended July 31, 2016 Undistributed Class B EPS* Per Basic $ 138 2,481 $ 0.06 Reallocation of undistributed earnings to Class B Common Shares from Class A Common Shares 2 — — Diluted EPS for Class B Common Shares $ 140 2,481 $ 0.06 * Amounts adjusted for rounding

Fair Value of Financial Instr20

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jul. 31, 2017
Fair Value Disclosures [Abstract]
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 July 31, 2017 and April 30, 2017, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): July 31, 2017 Quoted Prices Significant Significant Balance Cash equivalents $ 61,496 $ — $ — $ 61,496 Marketable securities 10,122 14,209 — 24,331 Total $ 71,618 $ 14,209 $ — $ 85,827 April 30, 2017 Quoted Prices Significant Significant Balance Cash equivalents $ 62,647 $ — $ — $ 62,647 Marketable securities 8,984 14,803 — 23,787 Total $ 71,631 $ 14,803 $ — $ 86,434

Industry Segments (Tables)

Industry Segments (Tables)	3 Months Ended
	Jul. 31, 2017
Segment Reporting [Abstract]
Segment Operating Profit or Loss	In the following table, we have broken down the intersegment transactions applicable to the three months ended July 31, 2017 and 2016 (in thousands): Three Months Ended 2017 2016 Revenues: Enterprise Resource Planning $ 2,806 $ 3,008 Collaborative Supply Chain Management 19,711 19,411 IT Consulting 4,369 5,014 $ 26,886 $ 27,433 Operating income (loss) before intersegment eliminations: Enterprise Resource Planning $ (1,515 ) $ (1,416 ) Collaborative Supply Chain Management 4,904 2,852 IT Consulting 233 210 $ 3,622 $ 1,646 Intersegment eliminations: Enterprise Resource Planning $ (956 ) $ (906 ) Collaborative Supply Chain Management 956 896 IT Consulting — 10 $ — $ — Operating income (loss) after intersegment eliminations: Enterprise Resource Planning $ (2,471 ) $ (2,322 ) Collaborative Supply Chain Management 5,860 3,748 IT Consulting 233 220 $ 3,622 $ 1,646 Capital expenditures: Enterprise Resource Planning $ 114 $ 42 Collaborative Supply Chain Management 17 102 IT Consulting 2 — $ 133 $ 144 Capitalized Software: Enterprise Resource Planning $ — $ — Collaborative Supply Chain Management 1,287 636 IT Consulting — — $ 1,287 $ 636 Depreciation and amortization: Enterprise Resource Planning $ 56 $ 144 Collaborative Supply Chain Management 1,328 1,261 IT Consulting 1 2 $ 1,385 $ 1,407 Earnings (loss) before income taxes: Enterprise Resource Planning $ (1,077 ) $ (729 ) Collaborative Supply Chain Management 5,065 2,825 IT Consulting 233 210 $ 4,221 $ 2,306

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Apr. 30, 2017
Revenue Recognition [Line Items]
Amounts received for reimbursement of travel and other out-of-pocket expenses	$ 525,000	$ 632,000
Unbilled amounts	2,377,000		$ 2,811,000
Unbilled License Fees
Revenue Recognition [Line Items]
Unbilled amounts	300,000		1,000,000
Unbilled Services Revenues
Revenue Recognition [Line Items]
Unbilled amounts	$ 2,100,000		$ 1,800,000
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 Payab23

Declaration of Dividend Payable - Additional Information (Detail) - $ / shares	May 11, 2017	Jul. 31, 2017	Jul. 31, 2016
Uncategorized [Abstract]
Cash dividends declared per common share	$ 0.11	$ 0.11	$ 0.11
Cash dividend payable date	Aug. 25, 2017
Cash dividends declared, record date	Aug. 11, 2017

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Earnings Per Share [Line Items]
Options to Purchase Excluded	1,024,917	855,439
Options to Purchase Outstanding	3,833,630	3,599,581
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
		Jul. 31, 2017	Jul. 31, 2016
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total	[1]	$ 0.09	$ 0.06
Basic weighted average common shares outstanding		29,671	28,938
Class A Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings		$ 0.11	$ 0.11
Undistributed earnings		(0.02)	(0.05)
Total	[2]	$ 0.09	$ 0.06
Distributed earnings		$ 3,014	$ 2,933
Undistributed earnings		(502)	(1,383)
Total		$ 2,512	$ 1,550
Basic weighted average common shares outstanding		27,307	26,457
Class B Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings		$ 0.11	$ 0.11
Undistributed earnings		(0.02)	(0.05)
Total	[2]	$ 0.09	$ 0.06
Distributed earnings		$ 256	$ 268
Undistributed earnings		(43)	(130)
Total		$ 213	$ 138
Basic weighted average common shares outstanding		2,364	2,481
[1]	Basic per share amounts are the same for Class A and Class B Common Shares. Diluted per share amounts for Class A Common Shares are shown above. Diluted earnings per share for Class B Common Shares under the two-class method are $0.09 and $0.06 for the three months ended July 31, 2017 and 2016, 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
		Jul. 31, 2017	Jul. 31, 2016
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding		29,671	28,938
Diluted, Class A Common Shares		29,989	29,254
Basic, EPS	[1]	$ 0.09	$ 0.06
Diluted, EPS	[1]	$ 0.09	$ 0.06
Class A Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 2,512	$ 1,550
Undistributed & Distributed Earnings, Class B Common Share Conversion		213	138
Net earnings		$ 2,725	$ 1,688
Basic weighted average common shares outstanding		27,307	26,457
Common Stock Equivalents		318	316
Weighted Average Number of Shares Including Common Stock Equivalents, Diluted		27,625	26,773
Class B Common Share conversion		2,364	2,481
Diluted, Class A Common Shares		29,989	29,254
Basic, EPS	[2]	$ 0.09	$ 0.06
Diluted, EPS	[2]	$ 0.09	$ 0.06
[1]	Basic per share amounts are the same for Class A and Class B Common Shares. Diluted per share amounts for Class A Common Shares are shown above. Diluted earnings per share for Class B Common Shares under the two-class method are $0.09 and $0.06 for the three months ended July 31, 2017 and 2016, respectively. See Note D to the Condensed Consolidated Financial Statements.
[2]	Amounts adjusted for rounding

Diluted Earnings Per Share fo27

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
		Jul. 31, 2017	Jul. 31, 2016
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding		29,671	28,938
Weighted Average Number of Shares Outstanding, Diluted		29,989	29,254
Basic, EPS	[1]	$ 0.09	$ 0.06
Diluted, EPS	[1]	$ 0.09	$ 0.06
Class B Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 213	$ 138
Reallocation of Undistributed Earnings			2
Net earnings		$ 213	$ 140
Basic weighted average common shares outstanding		2,364	2,481
Weighted Average Number of Shares Outstanding, Diluted		2,364	2,481
Basic, EPS	[2]	$ 0.09	$ 0.06
Diluted, EPS	[2]	$ 0.09	$ 0.06
[1]	Basic per share amounts are the same for Class A and Class B Common Shares. Diluted per share amounts for Class A Common Shares are shown above. Diluted earnings per share for Class B Common Shares under the two-class method are $0.09 and $0.06 for the three months ended July 31, 2017 and 2016, respectively. See Note D to the Condensed Consolidated Financial Statements.
[2]	Amounts adjusted for rounding

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Option for common stock	872,000	333,000
Stock-based compensation expense	$ 316,000	$ 388,000
Income tax benefit	$ 139,000	$ 145,000
Stock options exercised	101,516	223,276
Total intrinsic value of options exercised	$ 207,000	$ 856,000
Unrecognized compensation cost related to unvested stock option	$ 3,400,000
Weighted average period for Unrecognized compensation cost	1 year 8 months 5 days

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jul. 31, 2017	Apr. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 61,496	$ 62,647
Marketable securities	24,331	23,787
Total	85,827	86,434
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	61,496	62,647
Marketable securities	10,122	8,984
Total	71,618	71,631
Significant Other Observable Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	14,209	14,803
Total	$ 14,209	$ 14,803

Stock Repurchases - Additional

Stock Repurchases - Additional Information (Detail) - Class A Common Shares $ in Millions	3 Months Ended	179 Months Ended
	Jul. 31, 2017USD ($)shares	Jul. 31, 2017USD ($)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
	Jul. 31, 2017CustomerSegmentGroup	Jul. 31, 2016Customer
Segment Reporting [Abstract]
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

Segment Information (Detail)

Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 26,886	$ 27,433
Operating income(loss)	3,622	1,646
Capital expenditures	133	144
Capitalized Software	1,287	636
Depreciation and amortization	1,385	1,407
Earnings (loss) before income taxes	4,221	2,306
Enterprise Resource Planning
Segment Reporting Information [Line Items]
Revenues	2,806	3,008
Operating income(loss)	(2,471)	(2,322)
Capital expenditures	114	42
Depreciation and amortization	56	144
Earnings (loss) before income taxes	(1,077)	(729)
Collaborative Supply Chain Management
Segment Reporting Information [Line Items]
Revenues	19,711	19,411
Operating income(loss)	5,860	3,748
Capital expenditures	17	102
Capitalized Software	1,287	636
Depreciation and amortization	1,328	1,261
Earnings (loss) before income taxes	5,065	2,825
IT Consulting
Segment Reporting Information [Line Items]
Revenues	4,369	5,014
Operating income(loss)	233	220
Capital expenditures	2
Depreciation and amortization	1	2
Earnings (loss) before income taxes	233	210
Operating Segments
Segment Reporting Information [Line Items]
Operating income(loss)	3,622	1,646
Operating Segments | Enterprise Resource Planning
Segment Reporting Information [Line Items]
Operating income(loss)	(1,515)	(1,416)
Operating Segments | Collaborative Supply Chain Management
Segment Reporting Information [Line Items]
Operating income(loss)	4,904	2,852
Operating Segments | IT Consulting
Segment Reporting Information [Line Items]
Operating income(loss)	233	210
Intersegment Eliminations | Enterprise Resource Planning
Segment Reporting Information [Line Items]
Operating income(loss)	(956)	(906)
Intersegment Eliminations | Collaborative Supply Chain Management
Segment Reporting Information [Line Items]
Operating income(loss)	$ 956	896
Intersegment Eliminations | IT Consulting
Segment Reporting Information [Line Items]
Operating income(loss)		$ 10

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - $ / shares	Aug. 24, 2017	May 11, 2017	Jul. 31, 2017	Jul. 31, 2016
Subsequent Event [Line Items]
Cash dividends declared per common share		$ 0.11	$ 0.11	$ 0.11
Cash dividend payable date		Aug. 25, 2017
Cash dividends declared, record date		Aug. 11, 2017
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share	$ 0.11
Cash dividend payable date	Dec. 4, 2017
Cash dividends declared, record date	Nov. 10, 2017