Logility Supply Chain Solutions (LGTY) 10-Q 10 Sep 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jul. 31, 2018	Aug. 31, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2018
Document Fiscal Year Focus	2,019
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		29,084,744
Class B Common Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,821,587

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2018	May 01, 2018	Apr. 30, 2018	Jul. 31, 2017	Apr. 30, 2017
Current assets:
Cash and cash equivalents	$ 54,855	$ 52,794	$ 52,794	$ 66,227	$ 66,001
Investments	29,992	26,121	26,121
Trade accounts receivable, less allowance for doubtful accounts of $161 at July 31, 2018 and $159 at April 30, 2018:
Billed	13,683	18,643	18,643
Unbilled	3,311	3,815	3,375
Prepaid expenses and other current assets	6,433	6,718	6,592
Total current assets	108,274	108,091	107,525
Investments-noncurrent	2,509	8,893	8,893
Property and equipment, net of accumulated depreciation of $28,792 at July 31, 2018 and $28,644 at April 30, 2018	3,600	3,034	3,034
Capitalized software, net of accumulated amortization of $25,166 at July 31, 2018 and $24,113 at April 30, 2018	9,559	9,728	9,728
Goodwill	25,888	25,888	25,888
Other intangibles, net of accumulated amortization of $8,852 at July 31, 2018 and $8,255 at April 30, 2018	4,523	5,120	5,120
Other assets	4,055	4,102	2,777
Total assets	158,408	164,856	162,965
Current liabilities:
Accounts payable	2,166	1,974	1,974
Accrued compensation and related costs	2,305	6,310	6,310
Dividends payable	3,400	3,367	3,367
Other current liabilities	925	1,326	1,246
Deferred revenue	29,518	32,705	33,226
Total current liabilities	38,314	45,682	46,123
Deferred income taxes	3,222	3,194	2,615
Long-term deferred revenue		147	147
Other long-term liabilities	1,485	1,496	1,496
Total liabilities	43,021	50,519	50,381
Shareholders' equity:
Additional paid-in capital	134,292	131,258	131,258
Retained earnings	3,105	5,119	3,366
Class A treasury stock, 4,588,632 shares at July 31, 2018 and April 30, 2018, at cost	(25,559)	(25,559)	(25,559)
Total shareholders' equity	115,387	114,337	112,584
Commitments and contingencies
Total liabilities and shareholders' equity	158,408	164,856	162,965
Class A Common Shares
Shareholders' equity:
Common stock value	3,367	3,314	3,314
Class B Common Shares
Shareholders' equity:
Common stock value	$ 182	$ 205	$ 205

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2018	Apr. 30, 2018
Allowance for doubtful accounts receivable	$ 161	$ 159
Property and equipment, accumulated depreciation	28,792	28,644
Capitalized software, accumulated amortization	25,166	24,113
Other intangibles, accumulated amortization	$ 8,852	$ 8,255
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	33,673,376	33,141,760
Common stock, shares Outstanding	29,084,744	28,553,128
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	1,821,587	2,057,390
Common stock, shares Outstanding	1,821,587	2,057,390

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		May 16, 2018	Jul. 31, 2018	Jul. 31, 2017
Revenues:
Revenues			$ 27,399	$ 26,886
Cost of revenues:
Cost of revenues			13,647	11,661
Gross margin			13,752	15,225
Research and development			3,675	2,507
Sales and marketing			5,180	5,233
General and administrative			4,193	3,515
Amortization of acquisition-related intangibles			97	348
Total operating expenses			13,145	11,603
Operating income			607	3,622
Other income:
Interest income			504	363
Other, net			249	236
Earnings before income taxes			1,360	4,221
Income tax (benefit) expense			(25)	1,496
Net earnings			$ 1,385	$ 2,725
Earnings per common share:
Basic	[1]		$ 0.05	$ 0.09
Diluted	[1]		0.04	0.09
Cash dividends declared per common share		$ 0.11	$ 0.11	$ 0.11
Shares used in the calculation of earnings per common share:
Basic			30,725	29,671
Diluted			31,343	29,989
License
Revenues:
Revenues			$ 1,702	$ 4,015
Cost of revenues:
Cost of revenues			1,714	1,507
Subscription Fees
Revenues:
Revenues			3,168	1,619
Cost of revenues:
Cost of revenues			1,068	681
Professional Services and Other
Revenues:
Revenues			11,008	10,424
Cost of revenues:
Cost of revenues			8,667	7,246
Maintenance
Revenues:
Revenues			11,521	10,828
Cost of revenues:
Cost of revenues			$ 2,198	$ 2,227
[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 $0.04 and $0.09 for the three months ended July 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
		Jul. 31, 2018	Jul. 31, 2017
Diluted	[1]	$ 0.04	$ 0.09
Class B Common Shares
Diluted	[2]	$ 0.05	$ 0.09
[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 $0.04 and $0.09 for the three months ended July 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	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Cash flows from operating activities:
Net earnings	$ 1,385	$ 2,725
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,798	1,385
Stock-based compensation expense	398	316
Net gain on investments	(388)	(113)
Deferred income taxes	28	120
Changes in operating assets and liabilities:
Purchases of trading securities	(2,857)	(5,439)
Proceeds from maturities and sales of trading securities	5,758	5,010
Accounts receivable, net	5,466	3,504
Prepaid expenses and other assets	330	255
Accounts payable and other liabilities	(4,223)	(2,669)
Deferred revenue	(3,334)	(1,079)
Net cash provided by operating activities	4,361	4,015
Cash flows from investing activities:
Capitalized computer software development costs	(884)	(1,287)
Purchases of property and equipment, net of disposals	(714)	(133)
Net cash used in investing activities	(1,598)	(1,420)
Cash flows from financing activities:
Proceeds from exercise of stock options	2,666	890
Dividends paid	(3,368)	(3,259)
Net cash used in financing activities	(702)	(2,369)
Net change in cash and cash equivalents	2,061	226
Cash and cash equivalents at beginning of period	52,794	66,001
Cash and cash equivalents at end of period	$ 54,855	$ 66,227

Presentation and Summary of Sig

Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Presentation and Summary of Significant Accounting Policies	A. Presentation and Summary of Significant Accounting Policies 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 consolidated 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 condensed consolidated 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, 2018 contained in the Annual Report describes the significant accounting policies that we have used in preparing our consolidated financial statements. On an ongoing basis, we evaluate our estimates, including but not limited to those related to revenue/collectability, 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. The accompanying condensed consolidated balance sheet as of April 30, 2018 and the condensed consolidated statements of operations and cash flows for the three months ended July 31, 2017 have not been revised for the effects of Topic 606 and are therefore not comparable to the July 31, 2018 period. 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. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) point-in-time The following table presents the cumulative effect adjustments, net of income tax effects, to beginning consolidated balance sheet accounts for the new accounting standard adopted by the Company on the first day of fiscal 2019: April 30, Topic 606 May 1, (in thousands) ASSETS Current assets: Cash and cash equivalents $ 52,794 $ — $ 52,794 Investments 26,121 — 26,121 Trade accounts receivable, net — Billed 18,643 — 18,643 Unbilled 3,375 440 3,815 Prepaid expenses and other current assets 6,592 126 6,718 Total current assets 107,525 566 108,091 Investments—Noncurrent 8,893 — 8,893 Property and equipment, net 3,034 — 3,034 Capitalized software, net 9,728 — 9,728 Goodwill 25,888 — 25,888 Other intangibles, net 5,120 — 5,120 Other assets 2,777 1,325 4,102 Total assets $ 162,965 $ 1,891 $ 164,856 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 1,974 $ — $ 1,974 Accrued compensation and related costs 6,310 — 6,310 Dividends payable 3,367 — 3,367 Other current liabilities 1,246 80 1,326 Deferred revenue 33,226 (521 ) 32,705 Total current liabilities 46,123 (441 ) 45,682 Deferred income taxes 2,615 579 3,194 Long-term deferred revenue 147 — 147 Other long-term liabilities 1,496 — 1,496 Total liabilities 50,381 138 50,519 Shareholders’ equity: Common stock: Class A 3,314 — 3,314 Class B 205 — 205 Additional paid-in 131,258 — 131,258 Retained earnings 3,366 1,753 5,119 Class A treasury stock (25,559 ) — (25,559 ) Total shareholders’ equity 112,584 1,753 114,337 Total liabilities and shareholders’ equity $ 162,965 $ 1,891 $ 164,856 The following table summarizes the effects of adopting Topic 606 on the Company’s condensed consolidated balance sheet as of July 31, 2018: As reported under Topic 606 Adjustments Balances under Prior GAAP (in thousands) ASSETS Current assets: Cash and cash equivalents $ 54,855 $ — $ 54,855 Investments 29,992 — 29,992 Trade accounts receivable, net Billed 13,683 — 13,683 Unbilled 3,311 (439 ) 2,872 Prepaid expenses and other current assets 6,433 (168 ) 6,265 Total current assets 108,274 (607 ) 107,667 Investments—Noncurrent 2,509 — 2,509 Property and equipment, net 3,600 — 3,600 Capitalized software, net 9,559 — 9,559 Goodwill 25,888 — 25,888 Other intangibles, net 4,523 — 4,523 Other assets 4,055 (1,211 ) 2,844 Total assets $ 158,408 $ (1,818 ) $ 156,590 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 2,166 $ — $ 2,166 Accrued compensation and related costs 2,305 — 2,305 Dividends payable 3,400 — 3,400 Other current liabilities 925 (80 ) 845 Deferred revenue 29,518 1,008 30,526 Total current liabilities 38,314 928 39,242 Deferred income taxes 3,222 (503 ) 2,719 Long-term deferred revenue — — — Other long-term liabilities 1,485 — 1,485 Total liabilities 43,021 425 43,446 Shareholders’ equity: Common stock: Class A 3,367 — 3,367 Class B 182 — 182 Additional paid-in 134,292 — 134,292 Retained earnings 3,105 (2,243 ) 862 Class A treasury stock (25,559 ) — (25,559 ) Total shareholders’ equity 115,387 (2,243 ) 113,144 Commitments and contingencies Total liabilities and shareholders’ equity $ 158,408 $ (1,818 ) $ 156,590 The following table summarizes the effects of adopting Topic 606 on the Company’s condensed consolidated statement of operations for the three months ended July 31, 2018: As reported under Topic 606 Adjustments Balances under Prior GAAP (in thousands, except Revenues: License $ 1,702 $ (446 ) $ 1,256 Subscription Fees 3,168 2 3,170 Professional Services and other 11,008 60 11,068 Maintenance 11,521 — 11,521 Total revenues 27,399 (384 ) 27,015 Cost of revenues: License 1,714 — 1,714 Subscription Fees 1,068 — 1,068 Professional Services and other 8,667 — 8,667 Maintenance 2,198 — 2,198 Total cost of revenues 13,647 — 13,647 Gross margin 13,752 (384 ) 13,368 Research and development 3,675 — 3,675 Sales and marketing 5,180 30 5,210 General and administrative 4,193 — 4,193 Amortization of acquisition-related intangibles 97 — 97 Total operating expenses 13,145 30 13,175 Operating income 607 (414 ) 193 Other income: Interest income 504 — 504 Other, net 249 — 249 Earnings before income taxes 1,360 (414 ) 946 Income tax (benefit) expense (25 ) 76 (101 ) Net earnings $ 1,385 $ (338 ) $ 1,047 Earnings per common share: Basic $ 0.05 $ (0.01 ) $ 0.04 Diluted $ 0.04 $ (0.01 ) $ 0.03 The Company’s net cash provided by operating activities for the three months ended July 31, 2018 did not change due to the adoption of Topic 606. The following table summarizes the effects of adopting Topic 606 on the financial statement line items of the Company’s condensed consolidated statement of cash flows for the three months ended July 31, 2018: As reported under Topic 606 Adjustments Balances under Prior GAAP (in thousands) Deferred income taxes $ 28 $ 579 $ 607 Accounts receivable, net $ 5,466 $ (440 ) $ 5,026 As reported under Topic Adjustments Balances under Prior GAAP Prepaid expenses and other assets $ 330 $ (1,451 ) $ (1,121 ) Accounts payable and other liabilities $ (4,223 ) $ 80 $ (4,143 ) Deferred revenue $ (3,334 ) $ (521 ) $ (3,855 ) In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) right-of-use

Revenue Recognition

Revenue Recognition	3 Months Ended
	Jul. 31, 2018
Text Block [Abstract]
Revenue Recognition	B. Revenue Recognition We recognize revenue when we transfer control of the promised goods or services to our customers, in an amount that reflects the consideration we expect to receive in exchange for those goods or services. We derive our revenue from software licenses; maintenance services; consulting, implementation and training services; and software-as-a-service The Company determines revenue recognition through the following steps: Step 1 – Identify the Contract with the Customer Step 2 – Identification of Promised Goods and Services and Evaluation of Whether the Promised Goods and Services are Distinct Performance Obligations Step 3 – Determining the Transaction Price Step 4 – Allocation of the Transaction Price to Distinct Performance Obligations Step 5 – Attribution of Revenue for Each Distinct Performance Obligation Nature of Products and Services. License . Our perpetual software licenses are sold with maintenance under which we provide customers with telephone consulting, product updates on a when and if available basis, and releases of new versions of products previously purchased by the customer, as well as error reporting and correction services. Subscription Fees. as-needed Professional Services and other . out-pocket Maintenance . Indirect Channel Revenue. Sales Taxes . Significant Judgments. Contract Balances. We have an unconditional right to consideration for all goods and services transferred to our customers. That unconditional right to consideration is reflected in billed and unbilled accounts receivable in the accompanying condensed consolidated balance sheet in accordance with ASC 606. Deferred revenue consists of amounts collected prior to having completed the performance of maintenance, SaaS, hosting, and managed services. We typically invoice customers for cloud subscription and support fees in advance on a monthly, quarterly or annual basis, with payment due at the start of the cloud subscription or support term. During the three months ended July 31, 2018, we recognized $13 million of revenue that was included in the deferred revenue balance as of April 30, 2018, as adjusted for Topic 606, at the beginning of the period. July 31, 2018 May 1, 2018 Contract Balances: Contract assets, current $ 3,311 $ 3,815 Contract assets, long-term 233 332 Total contract assets $ 3,544 $ 4,147 Deferred revenue, current $ 29,518 $ 32,705 Deferred revenue, long-term — 147 Total deferred revenue $ 29,518 $ 32,852 Remaining Performance Obligations. Disaggregated Revenue. The Company’s revenue by geography is as follows: Three Months Ended 2018 2017 Revenues: Domestic $ 21,952 $ 21,546 International 5,447 5,340 $ 27,399 $ 26,886 Practical Expedients and Exemptions. -The Company does not evaluate a contract for a significant financing component if payment is expected within one year or less from the transfer of the promised items to the customer. -The Company does not disclose the value of unsatisfied performance obligations for contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed (apply to time-and-material Contract costs. a. The costs relate directly to a contract or to an anticipated contract that the Company can specifically identify. b. The costs generate or enhance resources of the Company that will be used in satisfying (or in continuing to satisfy) performance obligations in the future. c. The costs are expected to be recovered. Certain sales commissions incurred by the Company were determined to be incremental costs to obtain the related contracts, which are deferred and amortized ratably over the economic benefit period. These deferred commission costs are classified as current or non-current based on the timing of when the Company expects to recognize the expense. The current and non-current portions of deferred commissions are included in prepaid expenses and other current assets and other long-term assets, respectively, in the Company’s condensed consolidated balance sheets. Total deferred commissions at July 31, 2018 and April 30, 2018 were $2.4 million and $2.5 million, respectively. Amortization of sales commissions was $0.2 million for the three months ended July 31, 2018, which is included in sales and marketing expense in the accompanying condensed consolidated statement of operations. No impairment losses were recognized during the periods.

Declaration of Dividend Payable

Declaration of Dividend Payable	3 Months Ended
	Jul. 31, 2018
Text Block [Abstract]
Declaration of Dividend Payable	C. Declaration of Dividend Payable On May 16, 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 August 31, 2018 to Class A and Class B shareholders of record at the close of business on August 17, 2018.

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Jul. 31, 2018
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 Shares Class B Common Class A Common Class B Common Distributed earnings $ 0.11 $ 0.11 $ 0.11 $ 0.11 Undistributed earnings (0.06 ) (0.06 ) (0.02 ) (0.02 ) Total $ 0.05 $ 0.05 $ 0.09 $ 0.09 Distributed earnings $ 3,189 $ 211 $ 3,014 $ 256 Undistributed earnings (1,890 ) (125 ) (502 ) (43 ) Total $ 1,299 $ 86 $ 2,512 $ 213 Basic weighted average common shares outstanding 28,814 1,911 27,307 2,364 Diluted EPS for Class A Common Shares Using the If-Converted Three Months Ended July 31, 2018 Undistributed Class A EPS* Per Basic $ 1,299 28,814 $ 0.05 Common Stock Equivalents — 618 — 1,299 29,432 0.04 Class B Common Share Conversion 86 1,911 — Diluted EPS for Class A Common Shares $ 1,385 31,343 $ 0.04 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 Diluted EPS for Class B Common Shares Using the Two-Class Three Months Ended July 31, 2018 Undistributed Class B EPS* Per Basic $ 86 1,911 $ 0.05 Reallocation of undistributed earnings to Class A Common Shares from Class B Common Shares 2 — — Diluted EPS for Class B Common Shares $ 88 1,911 $ 0.05 Three Months Ended July 31, 2017 Undistributed Class B EPS* Per Basic $ 213 2,364 $ 0.09 Reallocation of undistributed earnings to Class B Common Shares from Class A Common Shares — — — Diluted EPS for Class B Common Shares $ 213 2,364 $ 0.09 * Amounts adjusted for rounding For the three months ended July 31, 2018 and 2017, we excluded options to purchase 130 and 1,024,917 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, 2018, we had a total of 3,535,823 options outstanding and, as of July 31, 2017, we had a total of 3,833,630 options outstanding.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jul. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	E. Stock-Based Compensation During the three months ended July 31, 2018 and 2017, we granted options for 557,000 and 872,000 shares of common stock, respectively. The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing model. The forfeiture rates are estimated using historical data. We recorded stock option compensation cost of approximately $398,000 and $316,000, and income tax excess benefits of approximately $274,000 and shortfall of $33,000 from option exercises during the three months ended July 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 During the three months ended July 31, 2018 and 2017, we issued 295,813 and 101,516 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, 2018 and 2017 based on market value at the exercise dates was approximately $1.7 million and $207,000, respectively. As of July 31, 2018, unrecognized compensation cost related to unvested stock option awards approximated $4.4 million, which we expect to recognize over a weighted average period of 1.96 years.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jul. 31, 2018
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, 2018 and April 30, 2018, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): July 31, 2018 Quoted Prices Significant Significant Balance Cash equivalents $ 45,441 $ — $ — $ 45,441 Marketable securities 10,802 21,699 — 32,501 Total $ 56,243 $ 21,699 $ — $ 77,942 April 30, 2018 Quoted Prices Significant Significant Balance Cash equivalents $ 46,972 $ — $ — $ 46,972 Marketable securities 11,125 23,889 — 35,014 Total $ 58,097 $ 23,889 $ — $ 81,986

Stock Repurchases

Stock Repurchases	3 Months Ended
	Jul. 31, 2018
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, 2018, we have repurchased 1,053,679 shares of common stock at a cost of approximately $6.2 million. As of July 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	3 Months Ended
	Jul. 31, 2018
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, 2018
Segment Reporting [Abstract]
Industry Segments	I. Industry Segments FASB ASC 280, Segment Reporting The SCM segment consists of Logility, which is a leading provider of collaborative supply chain optimization and advanced retail planning solutions that help medium, large and Fortune 500 companies transform their supply chain operations to gain a competitive advantage. Recognized for its high-touch approach to customer service, rapid implementations and industry-leading return on investment (ROI), as well as (i) Demand Management, Inc (“DMI”), which delivers affordable, easy-to-use Software-as-a-Service (SaaS) supply chain planning solutions designed to increase forecast accuracy, improve customer service and reduce inventory to maximize profits and lower costs, (ii) New Generation Computing (“NGC”), which is a leading provider of cloud-based supply chain and product lifecycle management solutions for brands, retailers and consumer products companies, and (iii) Halo Business Inteligence (“Halo”), which is an advanced analytics software provider leveraging an innovative blend of artificial intelligence and machine learning technology to drive greater supply chain performance. The Other segment consists of (i) American Software ERP, which provides purchasing and materials management, customer order processing, financial, e-commerce and traditional manufacturing solutions, and (ii) corporate overhead and other common expenses. 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 recast to conform to fiscal 2019 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 months ended July 31, 2018 and 2017 (in thousands): Three Months Ended 2018 2017 Revenues: Supply Chain Management $ 21,458 $ 21,885 IT Consulting 5,357 4,369 Other 584 632 $ 27,399 $ 26,886 Operating income (loss) before intersegment eliminations: Supply Chain Management $ 3,067 $ 5,869 IT Consulting 360 233 Other (2,820 ) (2,480 ) $ 607 $ 3,622 Intersegment eliminations*: Supply Chain Management $ — $ — IT Consulting — — Other — — $ — $ — Operating income (loss) after intersegment eliminations: Supply Chain Management $ 3,067 $ 5,869 IT Consulting 360 233 Other (2,820 ) (2,480 ) $ 607 $ 3,622 Three Months Ended 2018 2017 Capital expenditures: Supply Chain Management $ 72 $ 24 IT Consulting 1 2 Other 641 107 $ 714 $ 133 Capitalized software: Supply Chain Management $ 884 $ 1,287 IT Consulting — — Other — — $ 884 $ 1,287 Depreciation and amortization: Supply Chain Management $ 1,727 $ 1,334 IT Consulting 2 2 Other 69 49 $ 1,798 $ 1,385 Earnings (loss) before income taxes: Supply Chain Management $ 3,049 $ 5,074 IT Consulting 360 233 Other (2,049 ) (1,086 ) $ 1,360 $ 4,221 * fiscal 2018 recast to adjust for corporate overhead and other common expenses, which were no longer allocated starting fiscal 2019. Major Customer No one customer accounted for more than 10% of total revenues for the three months ended July 31, 2018 and 2017.

Contingencies

Contingencies	3 Months Ended
	Jul. 31, 2018
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, 2018
Subsequent Events [Abstract]
Subsequent Event	K. Subsequent Event On August 22, 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 December 5, 2018 to Class A and Class B shareholders of record at the close of business on November 19, 2018.

Presentation and Summary of S18

Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 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 consolidated 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 condensed consolidated 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, 2018 contained in the Annual Report describes the significant accounting policies that we have used in preparing our consolidated financial statements. On an ongoing basis, we evaluate our estimates, including but not limited to those related to revenue/collectability, 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. The accompanying Condensed Consolidated Balance Sheet as of April 30, 2018 and the Condensed Consolidated Statements of Operations and Cash Flows for the three months ended July 31, 2017 have not been revised for the effects of Topic 606 and are therefore not comparable to the July 31, 2018 period.
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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) point-in-time The following table presents the cumulative effect adjustments, net of income tax effects, to beginning consolidated balance sheet accounts for the new accounting standard adopted by the Company on the first day of fiscal 2019: April 30, Topic 606 May 1, (in thousands) ASSETS Current assets: Cash and cash equivalents $ 52,794 $ — $ 52,794 Investments 26,121 — 26,121 Trade accounts receivable, net — Billed 18,643 — 18,643 Unbilled 3,375 440 3,815 Prepaid expenses and other current assets 6,592 126 6,718 Total current assets 107,525 566 108,091 Investments—Noncurrent 8,893 — 8,893 Property and equipment, net 3,034 — 3,034 Capitalized software, net 9,728 — 9,728 Goodwill 25,888 — 25,888 Other intangibles, net 5,120 — 5,120 Other assets 2,777 1,325 4,102 Total assets $ 162,965 $ 1,891 $ 164,856 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 1,974 $ — $ 1,974 Accrued compensation and related costs 6,310 — 6,310 Dividends payable 3,367 — 3,367 Other current liabilities 1,246 80 1,326 Deferred revenue 33,226 (521 ) 32,705 Total current liabilities 46,123 (441 ) 45,682 Deferred income taxes 2,615 579 3,194 Long-term deferred revenue 147 — 147 Other long-term liabilities 1,496 — 1,496 Total liabilities 50,381 138 50,519 Shareholders’ equity: Common stock: Class A 3,314 — 3,314 Class B 205 — 205 Additional paid-in 131,258 — 131,258 Retained earnings 3,366 1,753 5,119 Class A treasury stock (25,559 ) — (25,559 ) Total shareholders’ equity 112,584 1,753 114,337 Total liabilities and shareholders’ equity $ 162,965 $ 1,891 $ 164,856 The following table summarizes the effects of adopting Topic 606 on the Company’s condensed consolidated balance sheet as of July 31, 2018: As reported under Topic 606 Adjustments Balances under Prior GAAP (in thousands) ASSETS Current assets: Cash and cash equivalents $ 54,855 $ — $ 54,855 Investments 29,992 — 29,992 Trade accounts receivable, net Billed 13,683 — 13,683 Unbilled 3,311 (439 ) 2,872 Prepaid expenses and other current assets 6,433 (168 ) 6,265 Total current assets 108,274 (607 ) 107,667 Investments—Noncurrent 2,509 — 2,509 Property and equipment, net 3,600 — 3,600 Capitalized software, net 9,559 — 9,559 Goodwill 25,888 — 25,888 Other intangibles, net 4,523 — 4,523 Other assets 4,055 (1,211 ) 2,844 Total assets $ 158,408 $ (1,818 ) $ 156,590 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 2,166 $ — $ 2,166 Accrued compensation and related costs 2,305 — 2,305 Dividends payable 3,400 — 3,400 Other current liabilities 925 (80 ) 845 Deferred revenue 29,518 1,008 30,526 Total current liabilities 38,314 928 39,242 Deferred income taxes 3,222 (503 ) 2,719 Long-term deferred revenue — — — Other long-term liabilities 1,485 — 1,485 Total liabilities 43,021 425 43,446 Shareholders’ equity: Common stock: Class A 3,367 — 3,367 Class B 182 — 182 Additional paid-in 134,292 — 134,292 Retained earnings 3,105 (2,243 ) 862 Class A treasury stock (25,559 ) — (25,559 ) Total shareholders’ equity 115,387 (2,243 ) 113,144 Commitments and contingencies Total liabilities and shareholders’ equity $ 158,408 $ (1,818 ) $ 156,590 The following table summarizes the effects of adopting Topic 606 on the Company’s condensed consolidated statement of operations for the three months ended July 31, 2018: As reported under Topic 606 Adjustments Balances under Prior GAAP (in thousands, except Revenues: License $ 1,702 $ (446 ) $ 1,256 Subscription Fees 3,168 2 3,170 Professional Services and other 11,008 60 11,068 Maintenance 11,521 — 11,521 Total revenues 27,399 (384 ) 27,015 Cost of revenues: License 1,714 — 1,714 Subscription Fees 1,068 — 1,068 Professional Services and other 8,667 — 8,667 Maintenance 2,198 — 2,198 Total cost of revenues 13,647 — 13,647 Gross margin 13,752 (384 ) 13,368 Research and development 3,675 — 3,675 Sales and marketing 5,180 30 5,210 General and administrative 4,193 — 4,193 Amortization of acquisition-related intangibles 97 — 97 Total operating expenses 13,145 30 13,175 Operating income 607 (414 ) 193 Other income: Interest income 504 — 504 Other, net 249 — 249 Earnings before income taxes 1,360 (414 ) 946 Income tax (benefit) expense (25 ) 76 (101 ) Net earnings $ 1,385 $ (338 ) $ 1,047 Earnings per common share: Basic $ 0.05 $ (0.01 ) $ 0.04 Diluted $ 0.04 $ (0.01 ) $ 0.03 The Company’s net cash provided by operating activities for the three months ended July 31, 2018 did not change due to the adoption of Topic 606. The following table summarizes the effects of adopting Topic 606 on the financial statement line items of the Company’s condensed consolidated statement of cash flows for the three months ended July 31, 2018: As reported under Topic 606 Adjustments Balances under Prior GAAP (in thousands) Deferred income taxes $ 28 $ 579 $ 607 Accounts receivable, net $ 5,466 $ (440 ) $ 5,026 As reported under Topic Adjustments Balances under Prior GAAP Prepaid expenses and other assets $ 330 $ (1,451 ) $ (1,121 ) Accounts payable and other liabilities $ (4,223 ) $ 80 $ (4,143 ) Deferred revenue $ (3,334 ) $ (521 ) $ (3,855 ) In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) right-of-use
Revenue Recognition	We recognize revenue when we transfer control of the promised goods or services to our customers, in an amount that reflects the consideration we expect to receive in exchange for those goods or services. We derive our revenue from software licenses; maintenance services; consulting, implementation and training services; and software-as-a-service The Company determines revenue recognition through the following steps: Step 1 – Identify the Contract with the Customer Step 2 – Identification of Promised Goods and Services and Evaluation of Whether the Promised Goods and Services are Distinct Performance Obligations Step 3 – Determining the Transaction Price Step 4 – Allocation of the Transaction Price to Distinct Performance Obligations Step 5 – Attribution of Revenue for Each Distinct Performance Obligation Nature of Products and Services. License . Our perpetual software licenses are sold with maintenance under which we provide customers with telephone consulting, product updates on a when and if available basis, and releases of new versions of products previously purchased by the customer, as well as error reporting and correction services. Subscription Fees. as-needed Professional Services and other . out-pocket Maintenance . Indirect Channel Revenue. Sales Taxes . Significant Judgments. Contract Balances. We have an unconditional right to consideration for all goods and services transferred to our customers. That unconditional right to consideration is reflected in billed and unbilled accounts receivable in the accompanying condensed consolidated balance sheet in accordance with ASC 606. Deferred revenue consists of amounts collected prior to having completed the performance of maintenance, SaaS, hosting, and managed services. We typically invoice customers for cloud subscription and support fees in advance on a monthly, quarterly or annual basis, with payment due at the start of the cloud subscription or support term. During the three months ended July 31, 2018, we recognized $13 million of revenue that was included in the deferred revenue balance as of April 30, 2018, as adjusted for Topic 606, at the beginning of the period. July 31, 2018 May 1, 2018 Contract Balances: Contract assets, current $ 3,311 $ 3,815 Contract assets, long-term 233 332 Total contract assets $ 3,544 $ 4,147 Deferred revenue, current $ 29,518 $ 32,705 Deferred revenue, long-term — 147 Total deferred revenue $ 29,518 $ 32,852 Remaining Performance Obligations. Disaggregated Revenue. The Company’s revenue by geography is as follows: Three Months Ended 2018 2017 Revenues: Domestic $ 21,952 $ 21,546 International 5,447 5,340 $ 27,399 $ 26,886 Practical Expedients and Exemptions. -The Company does not evaluate a contract for a significant financing component if payment is expected within one year or less from the transfer of the promised items to the customer. -The Company does not disclose the value of unsatisfied performance obligations for contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services performed (apply to time-and-material Contract costs. a. The costs relate directly to a contract or to an anticipated contract that the Company can specifically identify. b. The costs generate or enhance resources of the Company that will be used in satisfying (or in continuing to satisfy) performance obligations in the future. c. The costs are expected to be recovered. Certain sales commissions incurred by the Company were determined to be incremental costs to obtain the related contracts, which are deferred and amortized ratably over the economic benefit period. These deferred commission costs are classified as current or non-current based on the timing of when the Company expects to recognize the expense. The current and non-current portions of deferred commissions are included in prepaid expenses and other current assets and other long-term assets, respectively, in the Company’s condensed consolidated balance sheets. Total deferred commissions at July 31, 2018 and April 30, 2018 were $2.4 million and $2.5 million, respectively. Amortization of sales commissions was $0.2 million for the three months ended July 31, 2018, which is included in sales and marketing expense in the accompanying condensed consolidated statement of operations. No impairment losses were recognized during the periods.
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”

Presentation and Summary of S19

Presentation and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Jul. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Effect of Adopting Topic 606 on Financial Statements	The following table presents the cumulative effect adjustments, net of income tax effects, to beginning consolidated balance sheet accounts for the new accounting standard adopted by the Company on the first day of fiscal 2019: April 30, Topic 606 May 1, (in thousands) ASSETS Current assets: Cash and cash equivalents $ 52,794 $ — $ 52,794 Investments 26,121 — 26,121 Trade accounts receivable, net — Billed 18,643 — 18,643 Unbilled 3,375 440 3,815 Prepaid expenses and other current assets 6,592 126 6,718 Total current assets 107,525 566 108,091 Investments—Noncurrent 8,893 — 8,893 Property and equipment, net 3,034 — 3,034 Capitalized software, net 9,728 — 9,728 Goodwill 25,888 — 25,888 Other intangibles, net 5,120 — 5,120 Other assets 2,777 1,325 4,102 Total assets $ 162,965 $ 1,891 $ 164,856 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 1,974 $ — $ 1,974 Accrued compensation and related costs 6,310 — 6,310 Dividends payable 3,367 — 3,367 Other current liabilities 1,246 80 1,326 Deferred revenue 33,226 (521 ) 32,705 Total current liabilities 46,123 (441 ) 45,682 Deferred income taxes 2,615 579 3,194 Long-term deferred revenue 147 — 147 Other long-term liabilities 1,496 — 1,496 Total liabilities 50,381 138 50,519 Shareholders’ equity: Common stock: Class A 3,314 — 3,314 Class B 205 — 205 Additional paid-in 131,258 — 131,258 Retained earnings 3,366 1,753 5,119 Class A treasury stock (25,559 ) — (25,559 ) Total shareholders’ equity 112,584 1,753 114,337 Total liabilities and shareholders’ equity $ 162,965 $ 1,891 $ 164,856 The following table summarizes the effects of adopting Topic 606 on the Company’s condensed consolidated balance sheet as of July 31, 2018: As reported under Topic 606 Adjustments Balances under Prior GAAP (in thousands) ASSETS Current assets: Cash and cash equivalents $ 54,855 $ — $ 54,855 Investments 29,992 — 29,992 Trade accounts receivable, net Billed 13,683 — 13,683 Unbilled 3,311 (439 ) 2,872 Prepaid expenses and other current assets 6,433 (168 ) 6,265 Total current assets 108,274 (607 ) 107,667 Investments—Noncurrent 2,509 — 2,509 Property and equipment, net 3,600 — 3,600 Capitalized software, net 9,559 — 9,559 Goodwill 25,888 — 25,888 Other intangibles, net 4,523 — 4,523 Other assets 4,055 (1,211 ) 2,844 Total assets $ 158,408 $ (1,818 ) $ 156,590 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 2,166 $ — $ 2,166 Accrued compensation and related costs 2,305 — 2,305 Dividends payable 3,400 — 3,400 Other current liabilities 925 (80 ) 845 Deferred revenue 29,518 1,008 30,526 Total current liabilities 38,314 928 39,242 Deferred income taxes 3,222 (503 ) 2,719 Long-term deferred revenue — — — Other long-term liabilities 1,485 — 1,485 Total liabilities 43,021 425 43,446 Shareholders’ equity: Common stock: Class A 3,367 — 3,367 Class B 182 — 182 Additional paid-in 134,292 — 134,292 Retained earnings 3,105 (2,243 ) 862 Class A treasury stock (25,559 ) — (25,559 ) Total shareholders’ equity 115,387 (2,243 ) 113,144 Commitments and contingencies Total liabilities and shareholders’ equity $ 158,408 $ (1,818 ) $ 156,590 The following table summarizes the effects of adopting Topic 606 on the Company’s condensed consolidated statement of operations for the three months ended July 31, 2018: As reported under Topic 606 Adjustments Balances under Prior GAAP (in thousands, except Revenues: License $ 1,702 $ (446 ) $ 1,256 Subscription Fees 3,168 2 3,170 Professional Services and other 11,008 60 11,068 Maintenance 11,521 — 11,521 Total revenues 27,399 (384 ) 27,015 Cost of revenues: License 1,714 — 1,714 Subscription Fees 1,068 — 1,068 Professional Services and other 8,667 — 8,667 Maintenance 2,198 — 2,198 Total cost of revenues 13,647 — 13,647 Gross margin 13,752 (384 ) 13,368 Research and development 3,675 — 3,675 Sales and marketing 5,180 30 5,210 General and administrative 4,193 — 4,193 Amortization of acquisition-related intangibles 97 — 97 Total operating expenses 13,145 30 13,175 Operating income 607 (414 ) 193 Other income: Interest income 504 — 504 Other, net 249 — 249 Earnings before income taxes 1,360 (414 ) 946 Income tax (benefit) expense (25 ) 76 (101 ) Net earnings $ 1,385 $ (338 ) $ 1,047 Earnings per common share: Basic $ 0.05 $ (0.01 ) $ 0.04 Diluted $ 0.04 $ (0.01 ) $ 0.03 The Company’s net cash provided by operating activities for the three months ended July 31, 2018 did not change due to the adoption of Topic 606. The following table summarizes the effects of adopting Topic 606 on the financial statement line items of the Company’s condensed consolidated statement of cash flows for the three months ended July 31, 2018: As reported under Topic 606 Adjustments Balances under Prior GAAP (in thousands) Deferred income taxes $ 28 $ 579 $ 607 Accounts receivable, net $ 5,466 $ (440 ) $ 5,026 As reported under Topic Adjustments Balances under Prior GAAP Prepaid expenses and other assets $ 330 $ (1,451 ) $ (1,121 ) Accounts payable and other liabilities $ (4,223 ) $ 80 $ (4,143 ) Deferred revenue $ (3,334 ) $ (521 ) $ (3,855 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Jul. 31, 2018
Text Block [Abstract]
Summary of Contract Balances	July 31, 2018 May 1, 2018 Contract Balances: Contract assets, current $ 3,311 $ 3,815 Contract assets, long-term 233 332 Total contract assets $ 3,544 $ 4,147 Deferred revenue, current $ 29,518 $ 32,705 Deferred revenue, long-term — 147 Total deferred revenue $ 29,518 $ 32,852
Schedule of Disaggregated Revenue	The Company’s revenue by geography is as follows: Three Months Ended 2018 2017 Revenues: Domestic $ 21,952 $ 21,546 International 5,447 5,340 $ 27,399 $ 26,886

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Jul. 31, 2018
Earnings Per Share [Abstract]
Basic Earnings Per Common Share	Basic earnings per common share: Three Months Ended Three Months Ended Class A Common Shares Class B Common Class A Common Class B Common Distributed earnings $ 0.11 $ 0.11 $ 0.11 $ 0.11 Undistributed earnings (0.06 ) (0.06 ) (0.02 ) (0.02 ) Total $ 0.05 $ 0.05 $ 0.09 $ 0.09 Distributed earnings $ 3,189 $ 211 $ 3,014 $ 256 Undistributed earnings (1,890 ) (125 ) (502 ) (43 ) Total $ 1,299 $ 86 $ 2,512 $ 213 Basic weighted average common shares outstanding 28,814 1,911 27,307 2,364
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, 2018 Undistributed Class A EPS* Per Basic $ 1,299 28,814 $ 0.05 Common Stock Equivalents — 618 — 1,299 29,432 0.04 Class B Common Share Conversion 86 1,911 — Diluted EPS for Class A Common Shares $ 1,385 31,343 $ 0.04 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
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, 2018 Undistributed Class B EPS* Per Basic $ 86 1,911 $ 0.05 Reallocation of undistributed earnings to Class A Common Shares from Class B Common Shares 2 — — Diluted EPS for Class B Common Shares $ 88 1,911 $ 0.05 Three Months Ended July 31, 2017 Undistributed Class B EPS* Per Basic $ 213 2,364 $ 0.09 Reallocation of undistributed earnings to Class B Common Shares from Class A Common Shares — — — Diluted EPS for Class B Common Shares $ 213 2,364 $ 0.09 * Amounts adjusted for rounding

Fair Value of Financial Instr22

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jul. 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 July 31, 2018 and April 30, 2018, respectively, and indicates the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): July 31, 2018 Quoted Prices Significant Significant Balance Cash equivalents $ 45,441 $ — $ — $ 45,441 Marketable securities 10,802 21,699 — 32,501 Total $ 56,243 $ 21,699 $ — $ 77,942 April 30, 2018 Quoted Prices Significant Significant Balance Cash equivalents $ 46,972 $ — $ — $ 46,972 Marketable securities 11,125 23,889 — 35,014 Total $ 58,097 $ 23,889 $ — $ 81,986

Industry Segments (Tables)

Industry Segments (Tables)	3 Months Ended
	Jul. 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 months ended July 31, 2018 and 2017 (in thousands): Three Months Ended 2018 2017 Revenues: Supply Chain Management $ 21,458 $ 21,885 IT Consulting 5,357 4,369 Other 584 632 $ 27,399 $ 26,886 Operating income (loss) before intersegment eliminations: Supply Chain Management $ 3,067 $ 5,869 IT Consulting 360 233 Other (2,820 ) (2,480 ) $ 607 $ 3,622 Intersegment eliminations*: Supply Chain Management $ — $ — IT Consulting — — Other — — $ — $ — Operating income (loss) after intersegment eliminations: Supply Chain Management $ 3,067 $ 5,869 IT Consulting 360 233 Other (2,820 ) (2,480 ) $ 607 $ 3,622 Three Months Ended 2018 2017 Capital expenditures: Supply Chain Management $ 72 $ 24 IT Consulting 1 2 Other 641 107 $ 714 $ 133 Capitalized software: Supply Chain Management $ 884 $ 1,287 IT Consulting — — Other — — $ 884 $ 1,287 Depreciation and amortization: Supply Chain Management $ 1,727 $ 1,334 IT Consulting 2 2 Other 69 49 $ 1,798 $ 1,385 Earnings (loss) before income taxes: Supply Chain Management $ 3,049 $ 5,074 IT Consulting 360 233 Other (2,049 ) (1,086 ) $ 1,360 $ 4,221 * fiscal 2018 recast to adjust for corporate overhead and other common expenses, which were no longer allocated starting fiscal 2019.

Presentation and Summary of S24

Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Apr. 30, 2019	Apr. 30, 2018
Accounting Policies [Line Items]
Total revenues	$ 27,399	$ 26,886
Sales commission capitalized	2,400			$ 2,500
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Accounting Policies [Line Items]
Total revenues	(384)
Sales commission capitalized	$ 1,100
Sales commission capitalized, economic benefit period	6 years
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09 | Scenario, Forecast
Accounting Policies [Line Items]
Total revenues			$ 1,200
Upfront recognition of revenue under new standard			70.00%

Presentation and Summary of S25

Presentation and Summary of Significant Accounting Policies - Summary of Effect of Adopting Topic 606 on Condensed Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Jul. 31, 2018	May 01, 2018	Apr. 30, 2018	Jul. 31, 2017	Apr. 30, 2017
Current assets:
Cash and cash equivalents	$ 54,855	$ 52,794	$ 52,794	$ 66,227	$ 66,001
Investments	29,992	26,121	26,121
Trade accounts receivable, net
Billed	13,683	18,643	18,643
Unbilled	3,311	3,815	3,375
Prepaid expenses and other current assets	6,433	6,718	6,592
Total current assets	108,274	108,091	107,525
Investments-noncurrent	2,509	8,893	8,893
Property and equipment, net	3,600	3,034	3,034
Capitalized software, net	9,559	9,728	9,728
Goodwill	25,888	25,888	25,888
Other intangibles, net	4,523	5,120	5,120
Other assets	4,055	4,102	2,777
Total assets	158,408	164,856	162,965
Current liabilities:
Accounts payable	2,166	1,974	1,974
Accrued compensation and related costs	2,305	6,310	6,310
Dividends payable	3,400	3,367	3,367
Other current liabilities	925	1,326	1,246
Deferred revenue	29,518	32,705	33,226
Total current liabilities	38,314	45,682	46,123
Deferred income taxes	3,222	3,194	2,615
Long-term deferred revenue		147	147
Other long-term liabilities	1,485	1,496	1,496
Total liabilities	43,021	50,519	50,381
Shareholders' equity:
Additional paid-incapital	134,292	131,258	131,258
Retained earnings	3,105	5,119	3,366
Class A treasury stock	(25,559)	(25,559)	(25,559)
Total shareholders' equity	115,387	114,337	112,584
Commitments and contingencies
Total liabilities and shareholders' equity	158,408	164,856	162,965
Balances under Prior GAAP
Current assets:
Cash and cash equivalents	54,855
Investments	29,992
Trade accounts receivable, net
Billed	13,683
Unbilled	2,872
Prepaid expenses and other current assets	6,265
Total current assets	107,667
Investments-noncurrent	2,509
Property and equipment, net	3,600
Capitalized software, net	9,559
Goodwill	25,888
Other intangibles, net	4,523
Other assets	2,844
Total assets	156,590
Current liabilities:
Accounts payable	2,166
Accrued compensation and related costs	2,305
Dividends payable	3,400
Other current liabilities	845
Deferred revenue	30,526
Total current liabilities	39,242
Deferred income taxes	2,719
Other long-term liabilities	1,485
Total liabilities	43,446
Shareholders' equity:
Additional paid-incapital	134,292
Retained earnings	862
Class A treasury stock	(25,559)
Total shareholders' equity	113,144
Commitments and contingencies
Total liabilities and shareholders' equity	156,590
Class A Common Shares
Shareholders' equity:
Common stock value	3,367	3,314	3,314
Class A Common Shares | Balances under Prior GAAP
Shareholders' equity:
Common stock value	3,367
Class B Common Shares
Shareholders' equity:
Common stock value	182	$ 205	205
Class B Common Shares | Balances under Prior GAAP
Shareholders' equity:
Common stock value	182
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Trade accounts receivable, net
Unbilled	(439)		440
Prepaid expenses and other current assets	(168)		126
Total current assets	(607)		566
Other assets	(1,211)		1,325
Total assets	(1,818)		1,891
Current liabilities:
Other current liabilities	(80)		80
Deferred revenue	1,008		(521)
Total current liabilities	928		(441)
Deferred income taxes	(503)		579
Total liabilities	425		138
Shareholders' equity:
Retained earnings	(2,243)		1,753
Total shareholders' equity	(2,243)		1,753
Commitments and contingencies
Total liabilities and shareholders' equity	$ (1,818)		$ 1,891

Presentation and Summary of S26

Presentation and Summary of Significant Accounting Policies - Summary of Effect of Adopting Topic 606 on Condensed Consolidated Statement of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Jul. 31, 2018	Jul. 31, 2017
Revenues
Revenues		$ 27,399	$ 26,886
Cost of revenues:
Cost of revenues		13,647	11,661
Gross margin		13,752	15,225
Research and development		3,675	2,507
Sales and marketing		5,180	5,233
General and administrative		4,193	3,515
Amortization of acquisition-related intangibles		97	348
Total operating expenses		13,145	11,603
Operating income		607	3,622
Other income:
Interest income		504	363
Other, net		249	236
Earnings before income taxes		1,360	4,221
Income tax (benefit) expense		(25)	1,496
Net earnings		$ 1,385	$ 2,725
Earnings per common share:
Basic	[1]	$ 0.05	$ 0.09
Diluted	[1]	$ 0.04	$ 0.09
Balances under Prior GAAP
Revenues
Revenues		$ 27,015
Cost of revenues:
Cost of revenues		13,647
Gross margin		13,368
Research and development		3,675
Sales and marketing		5,210
General and administrative		4,193
Amortization of acquisition-related intangibles		97
Total operating expenses		13,175
Operating income		193
Other income:
Interest income		504
Other, net		249
Earnings before income taxes		946
Income tax (benefit) expense		(101)
Net earnings		$ 1,047
Earnings per common share:
Basic		$ 0.04
Diluted		$ 0.03
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Revenues
Revenues		$ (384)
Cost of revenues:
Gross margin		(384)
Sales and marketing		30
Total operating expenses		30
Operating income		(414)
Other income:
Earnings before income taxes		(414)
Income tax (benefit) expense		76
Net earnings		$ (338)
Earnings per common share:
Basic		$ (0.01)
Diluted		$ (0.01)
License
Revenues
Revenues		$ 1,702	$ 4,015
Cost of revenues:
Cost of revenues		1,714	1,507
License | Balances under Prior GAAP
Revenues
Revenues		1,256
Cost of revenues:
Cost of revenues		1,714
License | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Revenues
Revenues		(446)
Subscription Fees
Revenues
Revenues		3,168	1,619
Cost of revenues:
Cost of revenues		1,068	681
Subscription Fees | Balances under Prior GAAP
Revenues
Revenues		3,170
Cost of revenues:
Cost of revenues		1,068
Subscription Fees | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Revenues
Revenues		2
Professional Services and Other
Revenues
Revenues		11,008	10,424
Cost of revenues:
Cost of revenues		8,667	7,246
Professional Services and Other | Balances under Prior GAAP
Revenues
Revenues		11,068
Cost of revenues:
Cost of revenues		8,667
Professional Services and Other | Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Revenues
Revenues		60
Maintenance
Revenues
Revenues		11,521	10,828
Cost of revenues:
Cost of revenues		2,198	$ 2,227
Maintenance | Balances under Prior GAAP
Revenues
Revenues		11,521
Cost of revenues:
Cost of revenues		$ 2,198
[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 $0.04 and $0.09 for the three months ended July 31, 2018 and 2017, respectively. See Note D to the Condensed Consolidated Financial Statements.

Presentation and Summary of S27

Presentation and Summary of Significant Accounting Policies - Summary of Effect of Adopting Topic 606 on Condensed Consolidated Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred income taxes	$ 28	$ 120
Accounts receivable, net	5,466	3,504
Prepaid expenses and other assets	330	255
Accounts payable and other liabilities	(4,223)	(2,669)
Deferred revenue	(3,334)	$ (1,079)
Balances under Prior GAAP
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred income taxes	607
Accounts receivable, net	5,026
Prepaid expenses and other assets	(1,121)
Accounts payable and other liabilities	(4,143)
Deferred revenue	(3,855)
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred income taxes	579
Accounts receivable, net	(440)
Prepaid expenses and other assets	(1,451)
Accounts payable and other liabilities	80
Deferred revenue	$ (521)

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($)	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Apr. 30, 2018
Revenue Recognition [Line Items]
Amounts received for reimbursement of travel and other out-of-pocket expenses	$ 27,399,000	$ 26,886,000
Transaction price allocated to remaining performance obligations	$ 54,000,000
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Total deferred commissions	$ 2,400,000		$ 2,500,000
Amortization of sales commissions	$ 200,000
Minimum
Revenue Recognition [Line Items]
Contractual period of maintenance contract	1 year
Maximum
Revenue Recognition [Line Items]
Contractual period of maintenance contract	3 years
Reimbursement
Revenue Recognition [Line Items]
Amounts received for reimbursement of travel and other out-of-pocket expenses	$ 331,000	$ 525,000

Revenue Recognition - Summary o

Revenue Recognition - Summary of Contract Balances (Detail) - USD ($) $ in Thousands	Jul. 31, 2018	May 01, 2018	Apr. 30, 2018
Contract Balances:
Contract assets, current	$ 3,311	$ 3,815
Contract assets, long-term	233	332
Total contract assets	3,544	4,147
Deferred revenue, current	29,518	32,705	$ 33,226
Deferred revenue, long-term		147	$ 147
Total deferred revenue	$ 29,518	$ 32,852

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregated Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Revenues:
Revenues	$ 27,399	$ 26,886
Domestic
Revenues:
Revenues	21,952	21,546
International
Revenues:
Revenues	$ 5,447	$ 5,340

Declaration of Dividend Payab31

Declaration of Dividend Payable - Additional Information (Detail) - $ / shares	May 16, 2018	Jul. 31, 2018	Jul. 31, 2017
Dividends [Abstract]
Cash dividends declared per common share	$ 0.11	$ 0.11	$ 0.11
Cash dividend payable date		Aug. 31, 2018
Cash dividends declared, record date		Aug. 17, 2018
Cash dividends payable, declared date		May 16, 2018

Earnings per Common Share - Add

Earnings per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Earnings Per Share [Line Items]
Options to purchase excluded	130	1,024,917
Options to purchase outstanding	3,535,823	3,833,630
Class A Common Shares
Earnings Per Share [Line Items]
Dividends preference, per share	$ 0.05

Earnings Per Common share - Bas

Earnings Per Common share - Basic Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Jul. 31, 2018	Jul. 31, 2017
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total	[1]	$ 0.05	$ 0.09
Basic weighted average common shares outstanding		30,725	29,671
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		(0.06)	(0.02)
Total	[2]	$ 0.05	$ 0.09
Distributed earnings		$ 3,189	$ 3,014
Undistributed earnings		(1,890)	(502)
Total		$ 1,299	$ 2,512
Basic weighted average common shares outstanding		28,814	27,307
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		(0.06)	(0.02)
Total	[2]	$ 0.05	$ 0.09
Distributed earnings		$ 211	$ 256
Undistributed earnings		(125)	(43)
Total		$ 86	$ 213
Basic weighted average common shares outstanding		1,911	2,364
[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 $0.04 and $0.09 for the three months ended July 31, 2018 and 2017, respectively. See Note D to the Condensed Consolidated Financial Statements.
[2]	Amounts adjusted for rounding

Earnings Per Common share - Dil

Earnings Per Common share - 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, 2018	Jul. 31, 2017
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding		30,725	29,671
Diluted, Class A Common Shares		31,343	29,989
Basic, EPS	[1]	$ 0.05	$ 0.09
Diluted, EPS	[1]	$ 0.04	$ 0.09
Class A Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 1,299	$ 2,512
Undistributed & Distributed Earnings, Class B Conversion		86	213
Net earnings		$ 1,385	$ 2,725
Basic weighted average common shares outstanding		28,814	27,307
Common Stock Equivalents		618	318
Weighted Average Number of Shares Including Common Stock Equivalents, Diluted		29,432	27,625
Class B Conversion		1,911	2,364
Diluted, Class A Common Shares		31,343	29,989
Basic, EPS	[2]	$ 0.05	$ 0.09
Diluted, EPS	[2]	$ 0.04	$ 0.09
[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 $0.04 and $0.09 for the three months ended July 31, 2018 and 2017, respectively. See Note D to the Condensed Consolidated Financial Statements.
[2]	Amounts adjusted for rounding

Earnings Per Common share - D35

Earnings Per Common share - 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, 2018	Jul. 31, 2017
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding		30,725	29,671
Weighted Average Number of Shares Outstanding, Diluted		31,343	29,989
Basic, EPS	[1]	$ 0.05	$ 0.09
Diluted, EPS	[1]	$ 0.04	$ 0.09
Class B Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & Distributed Earnings, Per Basic		$ 86	$ 213
Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares		2
Net earnings		$ 88	$ 213
Basic weighted average common shares outstanding		1,911	2,364
Weighted Average Number of Shares Outstanding, Diluted		1,911	2,364
Basic, EPS	[2]	$ 0.05	$ 0.09
Diluted, EPS	[2]	$ 0.05	$ 0.09
[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 $0.04 and $0.09 for the three months ended July 31, 2018 and 2017, 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, 2018	Jul. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Option to purchase common stock	557,000	872,000
Stock-based compensation expense	$ 398,000	$ 316,000
Income tax excess benefit	$ 274,000	$ (33,000)
Stock options exercised	295,813	101,516
Total intrinsic value of options exercised	$ 1,700,000	$ 207,000
Unrecognized compensation cost related to unvested stock option	$ 4,400,000
Weighted average period for Unrecognized compensation cost	1 year 11 months 15 days

Fair Value of Financial Instr37

Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jul. 31, 2018	Apr. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 45,441	$ 46,972
Marketable securities	32,501	35,014
Total	77,942	81,986
Quoted Prices in Active Markets for Identical Assets, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	45,441	46,972
Marketable securities	10,802	11,125
Total	56,243	58,097
Significant Other Observable Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	21,699	23,889
Total	$ 21,699	$ 23,889

Stock Repurchases - Additional

Stock Repurchases - Additional Information (Detail) - Class A Common Shares $ in Millions	3 Months Ended	191 Months Ended
	Jul. 31, 2018USD ($)shares	Jul. 31, 2018USD ($)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)	3 Months Ended
	Jul. 31, 2018SegmentGroup
Segment Reporting [Abstract]
Number of major operating segments | Segment	3
Number of major product and service groups | Group	6
Segment reporting, disclosure of major customers	No one customer accounted for more than 10% of total revenues for the three months ended July 31, 2018 and 2017.

Segment Information (Detail)

Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 27,399	$ 26,886
Operating income (loss)	607	3,622
Capital expenditures	714	133
Capitalized Software	884	1,287
Depreciation and amortization	1,798	1,385
Earnings (loss) before income taxes	1,360	4,221
Supply Chain Management
Segment Reporting Information [Line Items]
Revenues	21,458	21,885
Operating income (loss)	3,067	5,869
Capital expenditures	72	24
Capitalized Software	884	1,287
Depreciation and amortization	1,727	1,334
Earnings (loss) before income taxes	3,049	5,074
IT Consulting
Segment Reporting Information [Line Items]
Revenues	5,357	4,369
Operating income (loss)	360	233
Capital expenditures	1	2
Depreciation and amortization	2	2
Earnings (loss) before income taxes	360	233
Other
Segment Reporting Information [Line Items]
Revenues	584	632
Operating income (loss)	(2,820)	(2,480)
Capital expenditures	641	107
Depreciation and amortization	69	49
Earnings (loss) before income taxes	(2,049)	(1,086)
Operating Segments
Segment Reporting Information [Line Items]
Operating income (loss)	607	3,622
Operating Segments | Supply Chain Management
Segment Reporting Information [Line Items]
Operating income (loss)	3,067	5,869
Operating Segments | IT Consulting
Segment Reporting Information [Line Items]
Operating income (loss)	360	233
Operating Segments | Other
Segment Reporting Information [Line Items]
Operating income (loss)	$ (2,820)	$ (2,480)

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - $ / shares	Aug. 22, 2018	May 16, 2018	Jul. 31, 2018	Jul. 31, 2017
Subsequent Event [Line Items]
Cash dividends declared per common share		$ 0.11	$ 0.11	$ 0.11
Cash dividend payable date			Aug. 31, 2018
Cash dividends declared, record date			Aug. 17, 2018
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share	$ 0.11
Cash dividend payable date	Dec. 5, 2018
Cash dividends declared, record date	Nov. 19, 2018