Logility Supply Chain Solutions (LGTY) 10-Q 9 Mar 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2018	Feb. 28, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
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		28,199,965
Class B Common Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,206,588

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2018	Apr. 30, 2017
Current assets:
Cash and cash equivalents	$ 54,912	$ 66,001
Investments	23,055	19,332
Trade accounts receivable, less allowance for doubtful accounts of $144 at January 31, 2018 and $172 at April 30, 2017:
Billed	20,456	17,060
Unbilled	2,714	2,811
Prepaid expenses and other current assets	5,510	4,322
Total current assets	106,647	109,526
Investments-noncurrent	10,464	4,455
Property and equipment, net of accumulated depreciation of $28,513 at January 31, 2018 and $28,153 at April 30, 2017	2,151	2,055
Capitalized software, net of accumulated amortization of $23,150 at January 31, 2018 and $20,423 at April 30, 2017	9,539	8,614
Goodwill	25,468	19,549
Other intangibles, net of accumulated amortization of $7,624 at January 31, 2018 and $6,406 at April 30, 2017	6,171	3,399
Other assets	3,483	1,176
Total assets	163,923	148,774
Current liabilities:
Accounts payable	1,841	1,541
Accrued compensation and related costs	5,624	3,329
Dividends payable	3,344	3,259
Other current liabilities	2,602	5,171
Deferred revenue	33,564	29,437
Total current liabilities	46,975	42,737
Deferred income taxes	2,202	1,994
Long-term deferred revenue	531	214
Other long-term liabilities	1,779	79
Total liabilities	51,487	45,024
Shareholders' equity:
Additional paid-in capital	129,028	121,280
Retained earnings	5,467	4,608
Class A treasury stock, 4,588,632 shares at January 31, 2018 and April 30, 2017, at cost	(25,559)	(25,559)
Total shareholders' equity	112,436	103,750
Commitments and contingencies
Total liabilities and shareholders' equity	163,923	148,774
Class A Common Shares
Shareholders' equity:
Common stock value	3,279	3,182
Class B Common Shares
Shareholders' equity:
Common stock value	$ 221	$ 239

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2018	Apr. 30, 2017
Allowance for doubtful accounts receivable	$ 144	$ 172
Property and equipment, accumulated depreciation	28,513	28,153
Capitalized software, accumulated amortization	23,150	20,423
Other intangibles, accumulated amortization	$ 7,624	$ 6,406
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	32,786,381	31,821,508
Class A treasury stock, shares	4,588,632	4,588,632
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	2,206,588	2,393,336
Common stock, shares outstanding	2,206,588	2,393,336

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Revenues:
License		$ 5,955	$ 3,959	$ 12,420	$ 11,726
Services and other		12,926	11,815	38,017	36,385
Maintenance		11,236	10,667	32,903	31,909
Total revenues		30,117	26,441	83,340	80,020
Cost of revenues:
License		1,940	2,081	5,295	5,510
Services and other		8,727	8,061	24,849	26,159
Maintenance		2,404	2,250	6,919	7,489
Total cost of revenues		13,071	12,392	37,063	39,158
Gross margin		17,046	14,049	46,277	40,862
Research and development		3,099	3,074	8,250	9,343
Sales and marketing		5,385	4,635	15,055	15,307
General and administrative		4,263	3,500	11,418	10,701
Amortization of acquisition-related intangibles		95	385	486	702
Total operating expenses		12,842	11,594	35,209	36,053
Operating income		4,204	2,455	11,068	4,809
Other income:
Interest income		403	287	1,120	882
Other, net		1,171	738	1,729	637
Earnings before income taxes		5,778	3,480	13,917	6,328
Income tax expense		198	1,237	3,132	1,985
Net earnings		$ 5,580	$ 2,243	$ 10,785	$ 4,343
Earnings per common share:
Basic	[1]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
Diluted	[1]	0.18	0.08	0.36	0.15
Cash dividends declared per common share		$ 0.11	$ 0.11	$ 0.33	$ 0.32
Shares used in the calculation of earnings per common share:
Basic		30,244	29,333	29,940	29,136
Diluted		30,701	29,630	30,299	29,447
[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 $0.18 and $0.08 for the three months ended January 31, 2018 and 2017, and $0.35 and $0.15 for the nine months ended January 31, 2018 and 2017, respectively. See Note D to the Condensed Consolidated Financial Statements.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations (Parenthetical) - $ / shares		3 Months Ended		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Diluted	[1]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
Class B Common Shares
Diluted	[2]	$ 0.18	$ 0.08	$ 0.35	$ 0.15
[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 $0.18 and $0.08 for the three months ended January 31, 2018 and 2017, and $0.35 and $0.15 for the nine months ended January 31, 2018 and 2017, 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	9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Cash flows from operating activities:
Net earnings	$ 10,785	$ 4,343
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	4,305	5,045
Stock-based compensation expense	1,108	1,111
Net gain on investments	(1,378)	(170)
Deferred income taxes	208	(281)
Changes in operating assets and liabilities, net of effects of acquisition:
Purchases of trading securities	(20,010)	(7,150)
Proceeds from maturities and sales of trading securities	11,656	12,683
Accounts receivable, net	(2,926)	3,661
Prepaid expenses and other assets	(1,494)	(5)
Accounts payable and other liabilities	(999)	(53)
Deferred revenue	4,096	78
Net cash provided by operating activities	5,351	19,262
Cash flows from investing activities:
Capitalized computer software development costs	(3,652)	(2,471)
Purchases of property and equipment, net of disposals	(413)	(500)
Purchase of business, net of cash acquired	(9,253)	(4,441)
Net cash used in investing activities	(13,318)	(7,412)
Cash flows from financing activities:
Proceeds from exercise of stock options	6,719	4,397
Payment for accrued acquisition consideration		(200)
Dividends paid	(9,841)	(9,299)
Net cash used in financing activities	(3,122)	(5,102)
Net change in cash and cash equivalents	(11,089)	6,748
Cash and cash equivalents at beginning of period	66,001	49,004
Cash and cash equivalents at end of period	$ 54,912	$ 55,752

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	9 Months Ended
	Jan. 31, 2018
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, stock-based compensation, income taxes and business combination. 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	9 Months Ended
	Jan. 31, 2018
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 (“ASC”). License . case-by-case Maintenance . Services . out-of-pocket Software-as-a-Service as-needed Indirect Channel Revenue . end-user, Deferred Revenue . Sales Taxes . Unbilled Accounts Receivable .

Declaration of Dividend Payable

Declaration of Dividend Payable	9 Months Ended
	Jan. 31, 2018
Text Block [Abstract]
Declaration of Dividend Payable	C. Declaration of Dividend Payable On November 15, 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 was payable on February 23, 2018 to Class A and Class B shareholders of record at the close of business on February 9, 2018.

Earnings per Common Share

Earnings per Common Share	9 Months Ended
	Jan. 31, 2018
Earnings Per Share [Abstract]
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 “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 Nine Months Ended Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed earnings 0.07 0.07 0.03 0.02 Total $ 0.18 $ 0.18 $ 0.36 $ 0.35 Distributed earnings $ 3,102 $ 242 $ 9,180 $ 747 Undistributed earnings 2,069 167 799 59 Total $ 5,171 $ 409 $ 9,979 $ 806 Basic weighted average common shares outstanding 27,992 2,252 27,630 2,310 Three Months Ended Nine Months Ended Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.32 $ 0.32 Undistributed earnings (0.03 ) (0.03 ) (0.17 ) (0.17 ) Total $ 0.08 $ 0.08 $ 0.15 $ 0.15 Distributed earnings $ 2,943 $ 267 $ 8,583 $ 778 Undistributed earnings (887 ) (80 ) (4,596 ) (422 ) Total $ 2,056 $ 187 $ 3,987 $ 356 Basic weighted average common shares outstanding 26,901 2,432 26,687 2,449 Diluted EPS for Class A Common Shares Using the If-Converted Three Months Ended January 31, 2018 Undistributed Class A EPS* Per Basic $ 5,171 27,992 $ 0.18 Common Stock Equivalents — 457 — 5,171 28,449 0.18 Class B Conversion 409 2,252 — Diluted EPS for Class A Common Shares $ 5,580 30,701 $ 0.18 Nine Months Ended January 31, 2018 Undistributed Class A EPS* Per Basic $ 9,979 27,630 $ 0.36 Common Stock Equivalents — 359 — 9,979 27,989 0.36 Class B Conversion 806 2,310 — Diluted EPS for Class A Common Shares $ 10,785 30,299 $ 0.36 Three Months Ended January 31, 2017 Undistributed Class A EPS* Per Basic $ 2,056 26,901 $ 0.08 Common Stock Equivalents — 297 — 2,056 27,198 0.08 Class B Conversion 187 2,432 — Diluted EPS for Class A Common Shares $ 2,243 29,630 $ 0.08 Nine Months Ended January 31, 2017 Undistributed Class A EPS* Per Basic $ 3,987 26,687 $ 0.15 Common Stock Equivalents — 311 — 3,987 26,998 0.15 Class B Conversion 356 2,449 — Diluted EPS for Class A Common Shares $ 4,343 29,447 $ 0.15 Diluted EPS for Class B Common Shares Using the Two-Class Three Months Ended January 31, 2018 Undistributed & Distributed Class B EPS* Per Basic $ 409 2,252 $ 0.18 Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares (2 ) — — Diluted EPS for Class B Common Shares $ 407 2,252 $ 0.18 Nine Months Ended January 31, 2018 Undistributed & Distributed Class B EPS* Per Basic $ 806 2,310 $ 0.35 Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares (1 ) — — Diluted EPS for Class B Common Shares $ 805 2,310 $ 0.35 Three Months Ended January 31, 2017 Undistributed Class B EPS* Per Basic $ 187 2,432 $ 0.08 Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares 2 — — Diluted EPS for Class B Common Shares $ 189 2,432 $ 0.08 Nine Months Ended January 31, 2017 Undistributed Class B EPS* Per Basic $ 356 2,449 $ 0.15 Reallocation of undistributed earnings from Class A shares to Class B shares 6 — — Diluted EPS for Class B $ 362 2,449 $ 0.15 * Amounts adjusted for rounding For the three and nine months ended January 31, 2018, we excluded options to purchase 12,130 and 57,598 Class A Common Shares, respectively, and for the three and nine months ended January 31, 2017, we excluded options to purchase 374,439 and 337,500 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 January 31, 2018, we had a total of 3,470,017 options outstanding and, as of January 31, 2017, we had a total of 3,230,575 options outstanding.

Acquisitions

Acquisitions	9 Months Ended
	Jan. 31, 2018
Business Combinations [Abstract]
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 condensed consolidated financial statements from the acquisition date. Effective November 21, 2017, the Company acquired certain assets of privately held Innovare Holding Co., Incorporated, a Delaware corporation and its subsidiaries (collectively, “Halo”) and a supplier of advanced analytics and business intelligence solutions, for the supply chain market, pursuant to the terms of an asset purchase agreement, dated as of November 21, 2017 (the “Purchase Agreement”). Halo’s advanced analytics will be embedded into the Logility Voyager Solutions advanced analytics platform. These enriched analytics will leverage interactive visualization, machine learning algorithms, and artificial intelligence (AI) to transform both structured and unstructured data to accelerate business planning performance and proactively identify new business opportunities or mitigate risks. Customers on the DMI and NGC platforms will be able to add pre-packaged Under the terms of the Purchase Agreement, the Company acquired the assets of Halo for cash consideration paid of approximately $9.25 million, which represents a purchase price of approximately $9.95 million net of a $700,000 negative working capital adjustment, subject to certain post-closing adjustments, which included an additional negative working capital adjustment of $113,000 (recorded as a receivable), thus resulting in an adjusted purchase price consideration of $9.14 million. The Company incurred acquisition costs of approximately $73,000 and $91,000 during the three and nine months ended January 31, 2018, respectively. The operating results of Halo are not material for pro forma disclosure. We preliminarily allocated $5,919,000 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 November 21, 2017 (in thousands): Useful Life Accounts receivable, net $ 373 Current assets 188 Property and equipment, net 43 Other assets 1,700 Goodwill 5,919 Non-compete 30 2 years Trade name 160 2 years Customer relationships 600 8 years Current technology 3,200 3 years Total assets acquired 12,213 Current liabilities (1,370 ) Long-term liabilities (1,703 ) Total liabilities assumed (3,073 ) Net assets acquired $ 9,140 Non-compete

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jan. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	F. Stock-Based Compensation During the nine months ended January 31, 2018 and 2017, we granted options for 1,196,000 and 342,000 shares of common stock, respectively. We recorded stock option compensation cost of approximately $314,000 and $333,000 and related income tax benefits of approximately $138,000 and $124,000 during the three months ended January 31, 2018 and 2017, respectively. We recorded stock option compensation cost of approximately $1.1 million and $1.1 million and related income tax benefits of approximately $413,000 and $409,000 during the nine months ended January 31, 2018 and 2017, respectively. We record stock-based compensation expense on a straight-line basis over the vesting period directly to additional paid-in-capital. During the nine months ended January 31, 2018 and 2017, we issued 778,129 and 593,082 shares of common stock, respectively, resulting from the exercise of stock options. The total intrinsic value of options exercised during the nine months ended January 31, 2018 and 2017 based on market value at the exercise dates was approximately $2.2 million and $1.9 million, respectively. As of January 31, 2018, unrecognized compensation cost related to unvested stock option awards approximated $3.6 million, which we expect to recognize over a weighted average period of 1.85 years.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Jan. 31, 2018
Fair Value Disclosures [Abstract]
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 January 31, 2018 and April 30, 2017, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): January 31, 2018 Quoted Prices Significant Significant Balance Cash equivalents $ 50,541 $ — $ — $ 50,541 Marketable securities 12,990 20,529 — 33,519 Total $ 63,531 $ 20,529 $ — $ 84,060 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	9 Months Ended
	Jan. 31, 2018
Equity [Abstract]
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 January 31, 2018, we have repurchased 1,053,679 shares of common stock at a cost of approximately $6.2 million. As of January 31, 2018, 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	9 Months Ended
	Jan. 31, 2018
Equity [Abstract]
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	9 Months Ended
	Jan. 31, 2018
Segment Reporting [Abstract]
Industry Segments	J. Industry Segments FASB ASC 280, Segment Reporting The SCM segment consists of Logility, which provides supply chain optimization and advance retail planning solutions, as an integrated suite of sales and operations planning, demand optimization, inventory optimization, manufacturing planning and scheduling, supply optimization, retail allocation and merchandise planning and transportation optimization, as well as (i) DMI, which provides collaborative supply chain solutions to streamline and optimize the forecasting, inventory, production, supply, allocation, distribution and management of products between trading partners, (ii) New Generation Computing (“NGC”), which provides cloud solutions for supply chain management, product lifecycle management, quality control, vendor compliance and enterprise resource planning for both retailers and manufacturers in the apparel, sewn products and furniture industries, and (iii) Halo, which provides advanced analytics and business intelligence solutions for the supply chain market. The IT Consulting segment consists of The Proven Method, Inc., an IT staffing and consulting services firm, which provides support for our software products, such as software enhancements, documentation, updates, customer education, consulting, systems integration services, maintenance and support services. The Other segment consists of (i) American Software ERP, which provides purchasing and materials management, customer order processing, financial, e-commerce Previously, we maintained three operating segments: (1) SCM, (2) IT and (3) Enterprise Resource Planning (“ERP”). As a result of the organizational realignment during the third quarter fiscal 2018, NGC was repositioned out of the ERP segment and into the SCM segment. There were no changes to the IT segment. Certain prior year amounts have been recasted to conform to fiscal 2018 presentation. The change in reportable segments had no effect on our previously reported consolidated financial position or results of operations. 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 and nine months ended January 31, 2018 and 2017: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Revenues: Supply Chain Management $ 24,902 $ 20,770 $ 67,965 $ 62,724 IT Consulting 4,557 5,108 13,522 15,386 Other 658 563 1,853 1,910 $ 30,117 $ 26,441 $ 83,340 $ 80,020 Operating income (loss) before intersegment eliminations: Supply Chain Management $ 5,969 $ 3,667 $ 15,551 $ 8,719 IT Consulting 185 330 775 698 Other (1,950 ) (1,542 ) (5,258 ) (4,608 ) $ 4,204 $ 2,455 $ 11,068 $ 4,809 Intersegment eliminations: Supply Chain Management $ 922 $ 846 $ 2,763 $ 2,638 IT Consulting (20 ) — (26 ) (33 ) Other (902 ) (846 ) (2,737 ) (2,605 ) $ — $ — $ — $ — Operating income (loss) after intersegment eliminations: Supply Chain Management $ 6,891 $ 4,513 $ 18,314 $ 11,357 IT Consulting 165 330 749 665 Other (2,852 ) (2,388 ) (7,995 ) (7,213 ) $ 4,204 $ 2,455 $ 11,068 $ 4,809 Capital expenditures: Supply Chain Management $ 79 $ 65 $ 160 $ 257 IT Consulting 2 — 8 2 Other 120 107 245 241 $ 201 $ 172 $ 413 $ 500 Capitalized software: Supply Chain Management $ 1,035 $ 865 $ 3,652 $ 2,471 IT Consulting — — — — Other — — — — $ 1,035 $ 865 $ 3,652 $ 2,471 Depreciation and amortization: Supply Chain Management $ 1,551 $ 1,915 $ 4,157 $ 4,645 IT Consulting 2 2 6 6 Other 46 83 142 394 $ 1,599 $ 2,000 $ 4,305 $ 5,045 Earnings (loss) before income taxes: Supply Chain Management $ 6,099 $ 3,651 $ 15,892 $ 8,639 IT Consulting 185 329 775 698 Other (506 ) (500 ) (2,750 ) (3,009 ) $ 5,778 $ 3,480 $ 13,917 $ 6,328 Major Customer No one customer accounted for more than 10% of total revenues for the three and nine months ended January 31, 2018 and 2017.

Contingencies

Contingencies	9 Months Ended
	Jan. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
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	9 Months Ended
	Jan. 31, 2018
Subsequent Events [Abstract]
Subsequent Event	L. Subsequent Event On February 15, 2018, 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 May 25, 2018 to Class A and Class B shareholders of record at the close of business on May 11, 2018.

Basis of Presentation and Pri19

Basis of Presentation and Principles of Consolidation (Policies)	9 Months Ended
	Jan. 31, 2018
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, stock-based compensation, income taxes and business combination. 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	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 (“ASC”). License . case-by-case Maintenance . Services . out-of-pocket Software-as-a-Service as-needed Indirect Channel Revenue . end-user, 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 “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”
Acquisition	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 condensed consolidated financial statements from the acquisition date.

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
	Jan. 31, 2018
Earnings Per Share [Abstract]
Basic Earnings Per Common Share	Basic earnings per common share: Three Months Ended Nine Months Ended Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed earnings 0.07 0.07 0.03 0.02 Total $ 0.18 $ 0.18 $ 0.36 $ 0.35 Distributed earnings $ 3,102 $ 242 $ 9,180 $ 747 Undistributed earnings 2,069 167 799 59 Total $ 5,171 $ 409 $ 9,979 $ 806 Basic weighted average common shares outstanding 27,992 2,252 27,630 2,310 Three Months Ended Nine Months Ended Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.32 $ 0.32 Undistributed earnings (0.03 ) (0.03 ) (0.17 ) (0.17 ) Total $ 0.08 $ 0.08 $ 0.15 $ 0.15 Distributed earnings $ 2,943 $ 267 $ 8,583 $ 778 Undistributed earnings (887 ) (80 ) (4,596 ) (422 ) Total $ 2,056 $ 187 $ 3,987 $ 356 Basic weighted average common shares outstanding 26,901 2,432 26,687 2,449
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 January 31, 2018 Undistributed Class A EPS* Per Basic $ 5,171 27,992 $ 0.18 Common Stock Equivalents — 457 — 5,171 28,449 0.18 Class B Conversion 409 2,252 — Diluted EPS for Class A Common Shares $ 5,580 30,701 $ 0.18 Nine Months Ended January 31, 2018 Undistributed Class A EPS* Per Basic $ 9,979 27,630 $ 0.36 Common Stock Equivalents — 359 — 9,979 27,989 0.36 Class B Conversion 806 2,310 — Diluted EPS for Class A Common Shares $ 10,785 30,299 $ 0.36 Three Months Ended January 31, 2017 Undistributed Class A EPS* Per Basic $ 2,056 26,901 $ 0.08 Common Stock Equivalents — 297 — 2,056 27,198 0.08 Class B Conversion 187 2,432 — Diluted EPS for Class A Common Shares $ 2,243 29,630 $ 0.08 Nine Months Ended January 31, 2017 Undistributed Class A EPS* Per Basic $ 3,987 26,687 $ 0.15 Common Stock Equivalents — 311 — 3,987 26,998 0.15 Class B Conversion 356 2,449 — Diluted EPS for Class A Common Shares $ 4,343 29,447 $ 0.15
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 January 31, 2018 Undistributed & Distributed Class B EPS* Per Basic $ 409 2,252 $ 0.18 Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares (2 ) — — Diluted EPS for Class B Common Shares $ 407 2,252 $ 0.18 Nine Months Ended January 31, 2018 Undistributed & Distributed Class B EPS* Per Basic $ 806 2,310 $ 0.35 Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares (1 ) — — Diluted EPS for Class B Common Shares $ 805 2,310 $ 0.35 Three Months Ended January 31, 2017 Undistributed Class B EPS* Per Basic $ 187 2,432 $ 0.08 Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares 2 — — Diluted EPS for Class B Common Shares $ 189 2,432 $ 0.08 Nine Months Ended January 31, 2017 Undistributed Class B EPS* Per Basic $ 356 2,449 $ 0.15 Reallocation of undistributed earnings from Class A shares to Class B shares 6 — — Diluted EPS for Class B $ 362 2,449 $ 0.15 * Amounts adjusted for rounding

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Jan. 31, 2018
Halo
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 November 21, 2017 (in thousands): Useful Life Accounts receivable, net $ 373 Current assets 188 Property and equipment, net 43 Other assets 1,700 Goodwill 5,919 Non-compete 30 2 years Trade name 160 2 years Customer relationships 600 8 years Current technology 3,200 3 years Total assets acquired 12,213 Current liabilities (1,370 ) Long-term liabilities (1,703 ) Total liabilities assumed (3,073 ) Net assets acquired $ 9,140

Fair Value of Financial Instr22

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Jan. 31, 2018
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 January 31, 2018 and April 30, 2017, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): January 31, 2018 Quoted Prices Significant Significant Balance Cash equivalents $ 50,541 $ — $ — $ 50,541 Marketable securities 12,990 20,529 — 33,519 Total $ 63,531 $ 20,529 $ — $ 84,060 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)	9 Months Ended
	Jan. 31, 2018
Segment Reporting [Abstract]
Segment Operating Profit or Loss	In the following table, we have broken down the intersegment transactions applicable to the three and nine months ended January 31, 2018 and 2017: Three Months Ended Nine Months Ended 2018 2017 2018 2017 Revenues: Supply Chain Management $ 24,902 $ 20,770 $ 67,965 $ 62,724 IT Consulting 4,557 5,108 13,522 15,386 Other 658 563 1,853 1,910 $ 30,117 $ 26,441 $ 83,340 $ 80,020 Operating income (loss) before intersegment eliminations: Supply Chain Management $ 5,969 $ 3,667 $ 15,551 $ 8,719 IT Consulting 185 330 775 698 Other (1,950 ) (1,542 ) (5,258 ) (4,608 ) $ 4,204 $ 2,455 $ 11,068 $ 4,809 Intersegment eliminations: Supply Chain Management $ 922 $ 846 $ 2,763 $ 2,638 IT Consulting (20 ) — (26 ) (33 ) Other (902 ) (846 ) (2,737 ) (2,605 ) $ — $ — $ — $ — Operating income (loss) after intersegment eliminations: Supply Chain Management $ 6,891 $ 4,513 $ 18,314 $ 11,357 IT Consulting 165 330 749 665 Other (2,852 ) (2,388 ) (7,995 ) (7,213 ) $ 4,204 $ 2,455 $ 11,068 $ 4,809 Capital expenditures: Supply Chain Management $ 79 $ 65 $ 160 $ 257 IT Consulting 2 — 8 2 Other 120 107 245 241 $ 201 $ 172 $ 413 $ 500 Capitalized software: Supply Chain Management $ 1,035 $ 865 $ 3,652 $ 2,471 IT Consulting — — — — Other — — — — $ 1,035 $ 865 $ 3,652 $ 2,471 Depreciation and amortization: Supply Chain Management $ 1,551 $ 1,915 $ 4,157 $ 4,645 IT Consulting 2 2 6 6 Other 46 83 142 394 $ 1,599 $ 2,000 $ 4,305 $ 5,045 Earnings (loss) before income taxes: Supply Chain Management $ 6,099 $ 3,651 $ 15,892 $ 8,639 IT Consulting 185 329 775 698 Other (506 ) (500 ) (2,750 ) (3,009 ) $ 5,778 $ 3,480 $ 13,917 $ 6,328

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017	Apr. 30, 2017
Revenue Recognition [Line Items]
Amounts received for reimbursement of travel and other out-of-pocket expenses	$ 419,000	$ 414,000	$ 1,400,000	$ 1,600,000
Unbilled amounts	2,714,000		2,714,000		$ 2,811,000
License Fees
Revenue Recognition [Line Items]
Unbilled amounts	384,000		384,000		1,000,000
Services Revenues
Revenue Recognition [Line Items]
Unbilled amounts	$ 2,300,000		$ 2,300,000		$ 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 Payab25

Declaration of Dividend Payable - Additional Information (Detail) - $ / shares	Nov. 15, 2017	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Dividends [Abstract]
Cash dividends declared per common share	$ 0.11	$ 0.11	$ 0.11	$ 0.33	$ 0.32
Cash dividend payable date				Feb. 23, 2018
Cash dividends declared, record date				Feb. 9, 2018
Cash dividends payable, declared date				Nov. 15, 2017

Earnings per Common Share - Add

Earnings per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Earnings Per Share [Line Items]
Options to purchase excluded	12,130	374,439	57,598	337,500
Options to purchase outstanding	3,470,017	3,230,575	3,470,017	3,230,575
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		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total	[1]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
Basic weighted average common shares outstanding		30,244	29,333	29,940	29,136
Class A Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings		$ 0.11	$ 0.11	$ 0.33	$ 0.32
Undistributed earnings		0.07	(0.03)	0.03	(0.17)
Total	[2]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
Distributed earnings		$ 3,102	$ 2,943	$ 9,180	$ 8,583
Undistributed earnings		2,069	(887)	799	(4,596)
Total		$ 5,171	$ 2,056	$ 9,979	$ 3,987
Basic weighted average common shares outstanding		27,992	26,901	27,630	26,687
Class B Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings		$ 0.11	$ 0.11	$ 0.33	$ 0.32
Undistributed earnings		0.07	(0.03)	0.02	(0.17)
Total	[2]	$ 0.18	$ 0.08	$ 0.35	$ 0.15
Distributed earnings		$ 242	$ 267	$ 747	$ 778
Undistributed earnings		167	(80)	59	(422)
Total		$ 409	$ 187	$ 806	$ 356
Basic weighted average common shares outstanding		2,252	2,432	2,310	2,449
[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 $0.18 and $0.08 for the three months ended January 31, 2018 and 2017, and $0.35 and $0.15 for the nine months ended January 31, 2018 and 2017, 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		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding		30,244	29,333	29,940	29,136
Diluted, Class A Common Shares		30,701	29,630	30,299	29,447
Basic, EPS	[1]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
Diluted, EPS	[1]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
Class A Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 5,171	$ 2,056	$ 9,979	$ 3,987
Undistributed & Distributed Earnings, Class B Conversion		409	187	806	356
Net earnings		$ 5,580	$ 2,243	$ 10,785	$ 4,343
Basic weighted average common shares outstanding		27,992	26,901	27,630	26,687
Common Stock Equivalents		457	297	359	311
Weighted Average Number of Shares Including Common Stock Equivalents, Diluted		28,449	27,198	27,989	26,998
Class B Conversion		2,252	2,432	2,310	2,449
Diluted, Class A Common Shares		30,701	29,630	30,299	29,447
Basic, EPS	[2]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
Diluted, EPS	[2]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
[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 $0.18 and $0.08 for the three months ended January 31, 2018 and 2017, and $0.35 and $0.15 for the nine months ended January 31, 2018 and 2017, 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		9 Months Ended
		Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding		30,244	29,333	29,940	29,136
Weighted Average Number of Shares Outstanding, Diluted		30,701	29,630	30,299	29,447
Basic, EPS	[1]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
Diluted, EPS	[1]	$ 0.18	$ 0.08	$ 0.36	$ 0.15
Class B Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 409	$ 187	$ 806	$ 356
Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares		(2)	2	(1)	6
Net earnings		$ 407	$ 189	$ 805	$ 362
Basic weighted average common shares outstanding		2,252	2,432	2,310	2,449
Weighted Average Number of Shares Outstanding, Diluted		2,252	2,432	2,310	2,449
Basic, EPS	[2]	$ 0.18	$ 0.08	$ 0.35	$ 0.15
Diluted, EPS	[2]	$ 0.18	$ 0.08	$ 0.35	$ 0.15
[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 $0.18 and $0.08 for the three months ended January 31, 2018 and 2017, and $0.35 and $0.15 for the nine months ended January 31, 2018 and 2017, respectively. See Note D to the Condensed Consolidated Financial Statements.
[2]	Amounts adjusted for rounding

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($)	Nov. 21, 2017	Jan. 31, 2018	Jan. 31, 2018	Apr. 30, 2017
Business Acquisition [Line Items]
Business acquisition, purchase price allocate to goodwill		$ 25,468,000	$ 25,468,000	$ 19,549,000
Halo
Business Acquisition [Line Items]
Business Combination, purchase price	$ 9,950,000
Business acquisition, cash consideration paid	9,250,000
Business acquisition, post-closing working capital adjustment	(700,000)
Additional negative working capital adjustment	(113,000)
Net assets acquired	9,140,000
Business acquisition costs incurred		$ 73,000	$ 91,000
Business acquisition, purchase price allocate to goodwill	$ 5,919,000

Preliminary Allocation of Total

Preliminary Allocation of Total Purchase Price (Detail) - USD ($) $ in Thousands	Nov. 21, 2017	Jan. 31, 2018	Apr. 30, 2017
Business Acquisition [Line Items]
Goodwill		$ 25,468	$ 19,549
Halo
Business Acquisition [Line Items]
Accounts receivable, net	$ 373
Current assets	188
Property and equipment, net	43
Other assets	1,700
Goodwill	5,919
Total assets acquired	12,213
Current liabilities	(1,370)
Long-term liabilities	(1,703)
Total liabilities assumed	(3,073)
Net assets acquired	9,140
Halo | Current Technology
Business Acquisition [Line Items]
Intangible assets	$ 3,200
Useful Life	3 years
Halo | Non-compete
Business Acquisition [Line Items]
Intangible assets	$ 30
Useful Life	2 years
Halo | Trade Names
Business Acquisition [Line Items]
Intangible assets	$ 160
Useful Life	2 years
Halo | Customer Relationships
Business Acquisition [Line Items]
Intangible assets	$ 600
Useful Life	8 years

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Option to purchase common stock			1,196,000	342,000
Stock-based compensation expense	$ 314,000	$ 333,000	$ 1,108,000	$ 1,111,000
Income tax benefit	138,000	$ 124,000	$ 413,000	$ 409,000
Stock options exercised			778,129	593,082
Total intrinsic value of options exercised			$ 2,200,000	$ 1,900,000
Unrecognized compensation cost related to unvested stock option	$ 3,600,000		$ 3,600,000
Weighted average period for Unrecognized compensation cost			1 year 10 months 6 days

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jan. 31, 2018	Apr. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 50,541	$ 62,647
Marketable securities	33,519	23,787
Total	84,060	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	50,541	62,647
Marketable securities	12,990	8,984
Total	63,531	71,631
Significant Other Observable Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	20,529	14,803
Total	$ 20,529	$ 14,803

Stock Repurchases - Additional

Stock Repurchases - Additional Information (Detail) - Class A Common Shares $ in Millions	9 Months Ended	185 Months Ended
	Jan. 31, 2018USD ($)shares	Jan. 31, 2018USD ($)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)	9 Months Ended
	Jan. 31, 2018SegmentProduct
Segment Reporting [Abstract]
Number of major operating segments | Segment	3
Number of major product and service groups | Product	6
Segment reporting, disclosure of major customers	No one customer accounted for more than 10% of total revenues for the three and nine months ended January 31, 2018 and 2017.

Segment Information (Detail)

Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 30,117	$ 26,441	$ 83,340	$ 80,020
Operating income (loss)	4,204	2,455	11,068	4,809
Capital expenditures	201	172	413	500
Capitalized Software	1,035	865	3,652	2,471
Depreciation and amortization	1,599	2,000	4,305	5,045
Earnings (loss) before income taxes	5,778	3,480	13,917	6,328
Supply Chain Management
Segment Reporting Information [Line Items]
Revenues	24,902	20,770	67,965	62,724
Operating income (loss)	6,891	4,513	18,314	11,357
Capital expenditures	79	65	160	257
Capitalized Software	1,035	865	3,652	2,471
Depreciation and amortization	1,551	1,915	4,157	4,645
Earnings (loss) before income taxes	6,099	3,651	15,892	8,639
IT Consulting
Segment Reporting Information [Line Items]
Revenues	4,557	5,108	13,522	15,386
Operating income (loss)	165	330	749	665
Capital expenditures	2		8	2
Depreciation and amortization	2	2	6	6
Earnings (loss) before income taxes	185	329	775	698
Other
Segment Reporting Information [Line Items]
Revenues	658	563	1,853	1,910
Operating income (loss)	(2,852)	(2,388)	(7,995)	(7,213)
Capital expenditures	120	107	245	241
Depreciation and amortization	46	83	142	394
Earnings (loss) before income taxes	(506)	(500)	(2,750)	(3,009)
Operating Segments
Segment Reporting Information [Line Items]
Operating income (loss)	4,204	2,455	11,068	4,809
Operating Segments | Supply Chain Management
Segment Reporting Information [Line Items]
Operating income (loss)	5,969	3,667	15,551	8,719
Operating Segments | IT Consulting
Segment Reporting Information [Line Items]
Operating income (loss)	185	330	775	698
Operating Segments | Other
Segment Reporting Information [Line Items]
Operating income (loss)	(1,950)	(1,542)	(5,258)	(4,608)
Intersegment Eliminations | Supply Chain Management
Segment Reporting Information [Line Items]
Operating income (loss)	922	846	2,763	2,638
Intersegment Eliminations | IT Consulting
Segment Reporting Information [Line Items]
Operating income (loss)	(20)		(26)	(33)
Intersegment Eliminations | Other
Segment Reporting Information [Line Items]
Operating income (loss)	$ (902)	$ (846)	$ (2,737)	$ (2,605)

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - $ / shares	Feb. 15, 2018	Nov. 15, 2017	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Subsequent Event [Line Items]
Cash dividends declared per common share		$ 0.11	$ 0.11	$ 0.11	$ 0.33	$ 0.32
Cash dividend payable date					Feb. 23, 2018
Cash dividends declared, record date					Feb. 9, 2018
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share	$ 0.11
Cash dividend payable date	May 25, 2018
Cash dividends declared, record date	May 11, 2018