Logility Supply Chain Solutions (LGTY) 10-Q 6 Mar 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2020	Mar. 03, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Registrant Name	AMERICAN SOFTWARE INC
Entity Central Index Key	0000713425
Current Fiscal Year End Date	--04-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Class A Common Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		30,368,467
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	Jan. 31, 2020	Apr. 30, 2019
Current assets:
Cash and cash equivalents	$ 68,809	$ 61,288
Investments	27,478	24,710
Trade accounts receivable, less allowance for doubtful accounts of $225 at January 31, 2020 and $153 at April 30, 2019:
Billed	21,202	18,819
Unbilled	2,436	1,475
Prepaid expenses and other current assets	6,576	6,210
Total current assets	126,501	112,502
Investments—noncurrent	0	2,484
Property and equipment, net of accumulated depreciation of $29,804 at January 31, 2020 and $29,327 at April 30, 2019	3,447	3,585
Capitalized software, net of accumulated amortization of $33,285 at January 31, 2020 and $28,740 at April 30, 2019	9,215	11,063
Goodwill	25,888	25,888
Other intangibles, net of accumulated amortization of $11,931 at January 31, 2020 and $10,643 at April 30, 2019	1,444	2,732
Lease right of use assets	2,228
Deferred sales commissions—noncurrent	2,231	1,546
Other assets	1,738	1,510
Total assets	172,692	161,310
Current liabilities:
Accounts payable	1,772	2,448
Accrued compensation and related costs	6,006	2,561
Dividends payable	3,522	3,434
Operating lease obligations	770
Other current liabilities	1,520	1,375
Deferred revenue	34,419	33,283
Total current liabilities	48,009	43,101
Deferred income taxes	3,322	3,514
Long-term operating lease obligations	1,596
Other long-term liabilities	93	88
Total liabilities	53,020	46,703
Shareholders’ equity:
Additional paid-in capital	147,582	138,315
Retained deficit	(6,011)	(1,729)
Class A treasury stock, 4,588,632 shares at January 31, 2020 and April 30, 2019, at cost	(25,559)	(25,559)
Total shareholders’ equity	119,672	114,607
Commitments and contingencies
Total liabilities and shareholders’ equity	172,692	161,310
Class A Common Shares
Shareholders’ equity:
Common stock value	3,478	3,398
Class B Common Shares
Shareholders’ equity:
Common stock value	$ 182	$ 182

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Allowance for doubtful accounts receivable	$ 225	$ 153
Property and equipment, accumulated depreciation	29,804	29,327
Capitalized software, accumulated amortization	33,285	28,740
Other intangibles, accumulated amortization	$ 11,931	$ 10,643
Class A Common Shares
Common stock, par value (in usd per share)	$ 0.10	$ 0.10
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	34,782,183	33,979,739
Common stock, shares outstanding	30,193,551	29,391,107
Class A treasury stock (in shares)	4,588,632	4,588,632
Class B Common Shares
Common stock, par value (in usd per share)	$ 0.10	$ 0.10
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	1,821,587	1,821,587
Common stock, shares outstanding	1,821,587	1,821,587

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Revenues:
Revenues		$ 30,600	$ 27,003	$ 86,193	$ 82,435
Cost of revenues:
Cost of revenues		13,158	12,964	38,943	39,977
Gross margin		17,442	14,039	47,250	42,458
Research and development		3,853	2,811	11,390	9,818
Sales and marketing		5,519	4,699	16,246	15,183
General and administrative		5,194	4,302	14,923	12,903
Amortization of acquisition-related intangibles		57	97	232	291
Total operating expenses		14,623	11,909	42,791	38,195
Operating income		2,819	2,130	4,459	4,263
Other income:
Interest income		360	523	1,234	1,551
Other, net		618	4	981	(461)
Earnings before income taxes		3,797	2,657	6,674	5,353
Income tax expense		511	356	477	424
Net earnings		$ 3,286	$ 2,301	$ 6,197	$ 4,929
Earnings per common share
Basic (in usd per share)	[1]	$ 0.10	$ 0.07	$ 0.20	$ 0.16
Diluted (in usd per share)	[1]	0.10	0.07	0.19	0.16
Cash dividends declared per common share (in usd per share)		$ 0.11	$ 0.11	$ 0.33	$ 0.33
Shares used in the calculation of earnings per common share
Basic (in shares)		31,955	31,010	31,611	30,887
Diluted (in shares)		32,668	31,183	32,260	31,351
Class B Common Shares
Earnings per common share
Basic (in usd per share)		$ 0.10	$ 0.07	$ 0.20	$ 0.16
Diluted (in usd per share)		$ 0.10	$ 0.07	$ 0.20	$ 0.16
Shares used in the calculation of earnings per common share
Basic (in shares)		1,822	1,822	1,822	1,851
Diluted (in shares)		1,822	1,822	1,822	1,851
Subscription Fees
Revenues:
Revenues		$ 5,802	$ 3,687	$ 15,752	$ 10,196
Cost of revenues:
Cost of revenues		1,976	1,389	6,711	3,746
License
Revenues:
Revenues		3,695	1,718	6,519	5,432
Cost of revenues:
Cost of revenues		1,582	1,831	3,969	5,305
Professional Services and Other
Revenues:
Revenues		10,308	10,176	31,271	32,240
Cost of revenues:
Cost of revenues		7,764	7,714	22,712	24,484
Maintenance
Revenues:
Revenues		10,795	11,422	32,651	34,567
Cost of revenues:
Cost of revenues		$ 1,836	$ 2,030	$ 5,551	$ 6,442
[1]	(a)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 $0.10 and $0.07 for the three months ended January 31, 2020 and 2019, and $0.20 and $0.16 for the nine months ended January 31, 2020 and 2019 respectively. See Note E to the Condensed Consolidated Financial Statements.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands		Total	Class A Common Shares	Class B Common Shares	Common StockClass A Common Shares		Common StockClass B Common Shares	Additional Paid-in Capital	Retained Earnings	Treasury Stock
Beginning balance (in shares) at Apr. 30, 2018					33,141,764		2,057,390
Beginning balance at Apr. 30, 2018		$ 112,584			$ 3,314		$ 205	$ 131,258	$ 3,366	$ (25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)		456,113			456,109	[1]
Proceeds from stock options exercised	[1]	$ 4,003			$ 46			3,957
Conversion of Class B shares into Class A shares (in shares)					235,803		(235,803)
Conversion of Class B shares into Class A shares					$ 23		$ (23)
Stock-based compensation	[1]	1,307						1,307
Net earnings		4,929							4,929
Dividends declared	[1]	(10,220)							(10,220)
Ending balance (in shares) at Jan. 31, 2019					33,833,676		1,821,587
Ending balance at Jan. 31, 2019		114,356			$ 3,383		$ 182	136,522	(172)	(25,559)
Beginning balance (in shares) at Oct. 31, 2018					33,721,076		1,821,587
Beginning balance at Oct. 31, 2018		114,088			$ 3,372		$ 182	135,150	943	(25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)					112,600
Proceeds from stock options exercised		917			$ 11			906
Stock-based compensation		466						466
Net earnings		2,301							2,301
Dividends declared	[1]	(3,416)							(3,416)
Ending balance (in shares) at Jan. 31, 2019					33,833,676		1,821,587
Ending balance at Jan. 31, 2019		114,356			$ 3,383		$ 182	136,522	(172)	(25,559)
Beginning balance (in shares) at Apr. 30, 2019			33,979,739	1,821,587	33,979,739		1,821,587
Beginning balance at Apr. 30, 2019		$ 114,607			$ 3,398		$ 182	138,315	(1,729)	(25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)		802,444			802,444
Proceeds from stock options exercised		$ 7,837			$ 80			7,757
Stock-based compensation		1,510						1,510
Net earnings		6,197							6,197
Dividends declared	[1]	(10,479)							(10,479)
Ending balance (in shares) at Jan. 31, 2020			34,782,183	1,821,587	34,782,183		1,821,587
Ending balance at Jan. 31, 2020		119,672			$ 3,478		$ 182	147,582	(6,011)	(25,559)
Beginning balance (in shares) at Oct. 31, 2019					34,630,682		1,821,587
Beginning balance at Oct. 31, 2019		117,866			$ 3,463		$ 182	145,554	(5,774)	(25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)					151,501
Proceeds from stock options exercised		1,480			$ 15			1,465
Stock-based compensation	[1]	563						563
Net earnings		3,286							3,286
Dividends declared	[1]	(3,523)							(3,523)
Ending balance (in shares) at Jan. 31, 2020			34,782,183	1,821,587	34,782,183		1,821,587
Ending balance at Jan. 31, 2020		$ 119,672			$ 3,478		$ 182	$ 147,582	$ (6,011)	$ (25,559)
[1]	Amounts adjusted for rounding

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Cash flows from operating activities:
Net earnings			$ 6,197	$ 4,929
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	$ 1,882	$ 1,960	6,310	5,671
Stock-based compensation expense	600	500	1,510	1,308
Net (gain)/loss on investments			(1,036)	393
Deferred income taxes			(192)	(166)
Changes in operating assets and liabilities:
Purchases of trading securities			(21,934)	(7,427)
Proceeds from maturities and sales of trading securities			22,687	12,944
Accounts receivable, net			(3,344)	(831)
Prepaid expenses and other assets			(1,279)	724
Accounts payable and other liabilities			3,058	(4,031)
Deferred revenue			1,135	94
Net cash provided by operating activities			13,112	13,608
Cash flows from investing activities:
Capitalized computer software development costs			(2,697)	(4,162)
Purchases of property and equipment, net of disposals	(101)	(120)	(339)	(1,014)
Net cash used in investing activities			(3,036)	(5,176)
Cash flows from financing activities:
Proceeds from exercise of stock options			7,837	4,004
Dividends paid			(10,392)	(10,172)
Net cash used in financing activities			(2,555)	(6,168)
Net change in cash and cash equivalents			7,521	2,264
Cash and cash equivalents at beginning of period			61,288	52,794
Cash and cash equivalents at end of period	68,809	55,058	68,809	55,058
Cash paid during the period for:
Income taxes, net of refunds			504	505
Supplemental disclosures of noncash operating, investing and financing activities:
Accrual of dividends payable	$ 3,523	$ 3,416	$ 3,523	$ 3,416

Presentation and Summary of Sig

Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2020
Accounting Policies [Abstract]
Presentation and Summary of Significant Accounting Policies	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 ("GAAP") for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required for complete consolidated financial statements. In the opinion of our management, these Condensed Consolidated Financial Statements contain all normal recurring adjustments considered necessary for a fair presentation of the Company’s financial position at January 31, 2020 , results of operations for the three and nine months ended January 31, 2020 and 2019 , consolidated statements of shareholders’ equity for the three and nine months ended January 31, 2020 and 2019 and cash flows for the nine months ended January 31, 2020 and 2019 . The Company’s results for the three and nine months ended January 31, 2020 are not necessarily indicative of the results expected for the full year. You should read these statements in conjunction with our audited consolidated financial statements and management’s discussion and analysis and results of operations included in our Annual Report on Form 10-K (the “Annual Report”) for the fiscal year ended April 30, 2019 . The terms “fiscal 2020” and “fiscal 2019” refer to our fiscal years ending April 30, 2020 and 2019, respectively. The preparation of these Condensed 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 fiscal 2019 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 and income taxes. 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. (“American Software”) and its wholly-owned subsidiaries (collectively, the “Company”). All significant intercompany balances and transactions have been eliminated in consolidation. Recent Accounting Pronouncements Adoption of New Accounting Standard In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases , which established new FASB Accounting Standards Codification ("ASC") Topic 842 ("ASC 842"), to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Under the new guidance, a lessee is required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with previous guidance, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike previous guidance, which required only capital leases to be recognized on the balance sheet, the new standard requires both types of leases to be recognized on the balance sheet. ASC 842 also requires disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements, providing additional information about the amounts recorded in the Condensed Consolidated Financial Statements. The new lease standard is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted ASC 842 on May 1, 2019, using the modified retrospective method and utilized the optional transition method under which the Company continues to apply the legacy guidance in ASC 840, Leases , including its disclosure requirements, in the comparative period presented. Therefore, the adjustment to recognize the Company’s leases on the Condensed Consolidated Balance Sheet related to the adoption of the new standard was recorded as of the adoption date and prior periods were not restated. As part of the adoption of ASC 842, the Company elected to adopt certain of the optional practical expedients, including the package of practical expedients which, among other things, gives us the option to not reassess: 1) whether expired or existing contracts are or contain leases; 2) the lease classification for expired or existing leases; and 3) initial direct costs for existing leases. The Company also elected the practical expedient to not record lease right-of-use (“ROU”) assets and lease obligations for leases with terms of 12 months or less. Finally, the Company also elected the practical expedient to not separate lease and non-lease components, which allows it to account for lease and non-lease components as a single lease component. The Company did not elect the hindsight practical expedient in its determination of the lease term for existing leases; therefore, the original lease terms, as determined under ASC 840, were used in the calculation of the Company’s initial ASC 842 lease liabilities. Adoption of the new standard resulted in the recognition of operating lease ROU assets of approximately $2.7 million , current operating lease liabilities of approximately $0.7 million and long-term operating lease liabilities of approximately $2.1 million as of May 1, 2019. The adoption had no impact on retained deficit, the Condensed Consolidated Statements of Operations, or the Condensed Consolidated Statements of Cash Flows. See Note C for further discussion of the Company’s leases.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Jan. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	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 (“SaaS”), which includes a subscription to our software as well as maintenance, hosting and managed services. The Company determines revenue recognition through the following steps: Step 1 – Identification of 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 – Determination of 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. Subscription Fees . Subscription fees include SaaS revenues for the right to use the software for a limited period of time in an environment hosted by the Company or by a third party. The customer accesses and uses the software on an as-needed basis over the Internet or via a dedicated line; however, the customer has no right to take delivery of the software without incurring a significant penalty. The underlying arrangements typically include a single fee for the service that is billed monthly, quarterly or annually. The Company’s SaaS solutions represent a series of distinct services that are substantially the same and have the same pattern of transfer to the customer. Revenue from a SaaS solution is generally recognized ratably over the term of the arrangement. Licenses . Our perpetual software licenses provide the customer with a right to use the software as it exists at the time of purchase. We recognize revenue for distinct software licenses once the license period has begun and we have made the software available to the customer. 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. Professional Services and Other. Our services revenue consists of fees generated from consulting, implementation and training services, including reimbursements of out-pocket expenses in connection with our services. Services are typically optional to our customers, and are distinct from our software. Fees for our services are separately priced and are generally billed on an hourly basis, and revenue is recognized over time as the services are performed. We believe the output method of hours worked provides the best depiction of the transfer of our services since the customer is receiving the benefit from our services as the work is performed. The total amount of expense reimbursement included in professional services and other revenue was approximately $ 0.4 million and $ 1.3 million for the three and nine months ended January 31, 2020 , respectively and approximately $ 0.3 million and $ 1.1 million for the three and nine months ended January 31, 2019 , respectively. Maintenance. Revenue is derived from 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. Maintenance for perpetual licenses is renewable, generally on an annual basis, at the option of the customer. Maintenance terms typically range from one to three years . Revenue related to maintenance is generally paid in advance and recognized ratably over the term of the agreement since the Company is standing ready to provide a series of maintenance services that are substantially the same each period over the term; therefore, time is the best measure of progress. Indirect Channel Revenue. We record revenues from sales made through the indirect sales channels on a gross basis, because we control the goods or services and act as the principal in the transaction. In reaching this determination, we evaluated sales through our indirect channel on a case-by-case basis and considered a number of factors including indicators of control such as the party having the primary responsibility to provide specified goods or services and the party having discretion in establishing prices. Sales Taxes. We account for sales taxes collected from customers on a net basis. Significant Judgments. Our contracts with customers typically contain promises to transfer multiple products and services to a customer. Judgment is required to determine whether each product and service is considered to be a distinct performance obligation that should be accounted for separately under the contract. We allocate the transaction price to distinct performance obligations based on their relative standalone selling price (“SSP”). We estimate SSP primarily based on the prices charged to customers for products or services sold on a standalone basis, or by using information such as market conditions and other observable inputs. However, the selling prices of our software licenses are highly variable or uncertain. Therefore, we estimate SSP for software licenses using the residual approach, determined based on total transaction price less the SSP of other products and services promised in the contract. When performing relative selling price allocations, we use the contract price as the estimate of SSP if it falls within the Company’s range estimate of SSP, since any point within the range would be a valid price point on a standalone basis. If the contract price falls outside of the range of SSP, the Company will use the nearest point in the SSP range in its relative selling price allocation. Contract Balances. Timing of invoicing to customers may differ from timing of revenue recognition and these timing differences result in receivables, contract assets (unbilled accounts receivable), or contract liabilities (deferred revenue) on the Company’s Condensed Consolidated Balance Sheets. Fees for our software licenses are generally due within 30 days of contract execution. We have an established history of collecting under the terms of our software license contracts without providing refunds or concessions to our customers. SaaS solutions and maintenance are typically billed in advance on a monthly, quarterly, or annual basis. Services are typically billed as performed. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined that our contracts generally do not include a significant financing component. The primary purpose of our invoicing terms is to provide customers with predictable ways to purchase our software and services, not to provide or receive financing. Additionally, we are applying the practical expedient to exclude any financing component from consideration for any contracts with payment terms of one year or less since we rarely offer terms extending beyond one year. The consideration in our customer contracts is fixed. 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 Sheets in accordance with ASC Topic 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 January 31, 2020 , we recognized $ 14.0 million of revenue that was included in the deferred revenue balance as of October 31, 2019. During the nine months ended January 31, 2020 , we recognized $29.0 million of revenue that was included in the deferred revenue balance as of April 30, 2019. January 31, April 30, (in thousands) Contract Balances: Contract assets, current $ 2,436 $ 1,475 Total contract assets $ 2,436 $ 1,475 Deferred revenue, current $ 34,419 $ 33,283 Total deferred revenue $ 34,419 $ 33,283 Remaining Performance Obligations. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account under Topic 606. The transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied by transferring the promised good or service to the customer. The Company identifies and tracks the performance obligations at contract inception so that the Company can monitor and account for the performance obligations over the life of the contract. Remaining performance obligations represent the transaction price of orders for which products have not been delivered or services have not been performed. As of January 31, 2020 , the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $80.0 million . The Company expects to recognize revenue on approximately two-thirds of the remaining performance obligations over the next 12 months , with the remainder recognized thereafter. Disaggregated Revenue. The Company disaggregates revenue from contracts with customers by geography, as it believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The Company’s revenue by geography is as follows: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (in thousands) (in thousands) Revenues: Domestic $ 24,902 $ 22,368 $ 69,076 $ 66,825 International 5,698 4,635 17,117 15,610 $ 30,600 $ 27,003 $ 86,193 $ 82,435 Contract Costs. The Company capitalizes the incremental costs of obtaining a contract with a customer if the Company expects to recover those costs. The incremental costs of obtaining a contract are those that the Company incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, a sales commission). The Company capitalizes the costs incurred to fulfill a contract only if those costs meet all of the following criteria: 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 deferred sales commissions—noncurrent, respectively, in the Company’s Condensed Consolidated Balance Sheets. Total deferred commissions at January 31, 2020 and April 30, 2019 were $3.5 million and $2.3 million , respectively. Amortization of sales commissions was $0.6 million and $ 1.4 million for the three and nine months ended January 31, 2020 , respectively, which is included in "Sales and marketing" expense in the accompanying Condensed Consolidated Statements of Operations. No impairment losses were recognized during the periods.

Leases

Leases	9 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Leases	Leases The Company’s operating leases are primarily related to facility leases for administration and sales. The operating leases have terms ranging from three to five years. While each of the leases includes renewal options, the Company has only included the base lease term in its calculation of lease assets and liabilities. The Company does not have any finance leases. Balance sheet information related to operating leases is as follows (in thousands): January 31, Assets Right of use assets $ 2,228 Liabilities Current lease liabilities 770 Long-term lease liabilities 1,596 Total liabilities $ 2,366 Lease cost information related to operating leases is as follows (in thousands): Three Months Ended Lease cost Operating lease cost $ 193 Short-term lease cost 145 Variable lease cost 65 Total lease cost $ 403 Nine Months Ended Lease cost Operating lease cost 581 Short-term lease cost 439 Variable lease cost 176 Total lease cost $ 1,196 Lease costs are primarily included in "Sales and marketing" and "General and administrative" expenses in the Company’s Condensed Consolidated Statements of Operations. The impact of the Company's leases on Condensed Consolidated Statement of Cash Flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $0.9 million during the nine months ended January 31, 2020 . The Company did not modify any existing leases or execute any new leases during the three and nine months ended January 31, 2020 . Weighted average information associated with the measurement of the Company’s remaining operating lease obligations is as follows: January 31, Weighted average remaining lease term 3.5 years Weighted average discount rate 3.5 % The following table summarizes the maturity of the Company’s operating lease liabilities as of January 31, 2020 (in thousands): FY2020 $ 198 FY2021 775 FY2022 702 FY2023 470 FY2024 346 Thereafter 20 Total operating lease payments $ 2,511 Less imputed interest (145 ) Total operating lease liabilities $ 2,366 Future minimum lease payments under noncancelable operating leases (due to existence of renewal or escalation clauses) with initial or remaining lease terms in excess of one year as of April 30, 2019 are as follows (in thousands): Years ended April 30: 2020 $ 847 2021 790 2022 706 2023 433 2024 317 Thereafter 17 $ 3,110 The Company leases to other tenants a portion of its headquarters building that it owns in Atlanta, Georgia. The leases expire at various dates through March 2022. Lease income is included in "Other, net" in the Company’s Condensed Consolidated Statements of Operations and totaled approximately $ 70,000 and $0.2 million for the three and nine months ended January 31, 2020 . Lease payments to be received as of January 31, 2020 are as follows (in thousands): FY2020 $ 43 FY2021 105 FY2022 55 FY2023 — FY2024 — Thereafter — Total $ 203 Future minimum lease rentals receivable under noncancelable operating leases (with initial or remaining lease terms in excess of one year) as of April 30, 2019 are as follows (already included or prorated at the Company’s occupied building) (in thousands): Years ended April 30: 2020 $ 194 2021 105 2022 55 2023 — 2024 — Thereafter — $ 354
Leases	Leases The Company’s operating leases are primarily related to facility leases for administration and sales. The operating leases have terms ranging from three to five years. While each of the leases includes renewal options, the Company has only included the base lease term in its calculation of lease assets and liabilities. The Company does not have any finance leases. Balance sheet information related to operating leases is as follows (in thousands): January 31, Assets Right of use assets $ 2,228 Liabilities Current lease liabilities 770 Long-term lease liabilities 1,596 Total liabilities $ 2,366 Lease cost information related to operating leases is as follows (in thousands): Three Months Ended Lease cost Operating lease cost $ 193 Short-term lease cost 145 Variable lease cost 65 Total lease cost $ 403 Nine Months Ended Lease cost Operating lease cost 581 Short-term lease cost 439 Variable lease cost 176 Total lease cost $ 1,196 Lease costs are primarily included in "Sales and marketing" and "General and administrative" expenses in the Company’s Condensed Consolidated Statements of Operations. The impact of the Company's leases on Condensed Consolidated Statement of Cash Flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $0.9 million during the nine months ended January 31, 2020 . The Company did not modify any existing leases or execute any new leases during the three and nine months ended January 31, 2020 . Weighted average information associated with the measurement of the Company’s remaining operating lease obligations is as follows: January 31, Weighted average remaining lease term 3.5 years Weighted average discount rate 3.5 % The following table summarizes the maturity of the Company’s operating lease liabilities as of January 31, 2020 (in thousands): FY2020 $ 198 FY2021 775 FY2022 702 FY2023 470 FY2024 346 Thereafter 20 Total operating lease payments $ 2,511 Less imputed interest (145 ) Total operating lease liabilities $ 2,366 Future minimum lease payments under noncancelable operating leases (due to existence of renewal or escalation clauses) with initial or remaining lease terms in excess of one year as of April 30, 2019 are as follows (in thousands): Years ended April 30: 2020 $ 847 2021 790 2022 706 2023 433 2024 317 Thereafter 17 $ 3,110 The Company leases to other tenants a portion of its headquarters building that it owns in Atlanta, Georgia. The leases expire at various dates through March 2022. Lease income is included in "Other, net" in the Company’s Condensed Consolidated Statements of Operations and totaled approximately $ 70,000 and $0.2 million for the three and nine months ended January 31, 2020 . Lease payments to be received as of January 31, 2020 are as follows (in thousands): FY2020 $ 43 FY2021 105 FY2022 55 FY2023 — FY2024 — Thereafter — Total $ 203 Future minimum lease rentals receivable under noncancelable operating leases (with initial or remaining lease terms in excess of one year) as of April 30, 2019 are as follows (already included or prorated at the Company’s occupied building) (in thousands): Years ended April 30: 2020 $ 194 2021 105 2022 55 2023 — 2024 — Thereafter — $ 354

Declaration of Dividend Payable

Declaration of Dividend Payable	9 Months Ended
	Jan. 31, 2020
Dividends [Abstract]
Declaration of Dividend Payable	Declaration of Dividend Payable On November 12, 2019 , our Board of Directors declared a quarterly cash dividend of $0.11 per share of our Class A and Class B common stock. The cash dividend is payable on February 21, 2020 to Class A and Class B shareholders of record at the close of business on February 7, 2020.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share The Company has two classes of common stock. Class B common shares are convertible into Class A common shares at any time, on a one -for-one basis. Under the Company’s Articles of Incorporation, if dividends are declared, holders of Class A common shares shall receive a $0.05 dividend per share prior to the Class B common shares receiving any dividend and holders of Class A common shares shall receive a dividend at least equal to Class B common shares dividends on a per share basis. As a result, the Company has computed the earnings per share in compliance with the Earnings Per Share Topic of the FASB ASC, which requires companies that have multiple classes of equity securities to use the “two-class” method in computing earnings per share. For the Company’s basic earnings per share calculation, the Company uses the “two-class” method. Basic earnings per share are calculated by dividing net earnings attributable to each class of common stock by the weighted average number of shares outstanding. All undistributed earnings are allocated evenly between Class A and B common shares in the earnings per share calculation to the extent that earnings equal or exceed $0.05 per share. This allocation is based on management’s judgment after considering the dividend rights of the two-classes of common stock, the control of the Class B shareholders and the convertibility rights of the Class B shares to Class A shares. If Class B shares convert to Class A shares during the period, the distributed net earnings for Class B shares is calculated using the weighted average common shares outstanding during the period. Diluted earnings per share is calculated similarly to basic earnings per share, except that the calculation includes the dilutive effect of the assumed exercise of options issuable under the Company’s stock incentive plans. For the Company’s diluted earnings per share calculation for Class A shares, the Company uses the “if-converted” method. This calculation assumes that all Class B common shares are converted into Class A common shares and, as a result, assumes there are no holders of Class B common shares to participate in undistributed earnings. For the Company’s diluted earnings per share calculation for Class B shares, the Company uses the “two-class” method. This calculation does not assume that all Class B common shares are converted into Class A common shares. In addition, this method assumes the dilutive effect of Class A stock options were converted to Class A shares and the undistributed earnings are allocated evenly to both Class A and B shares including Class A shares issued pursuant to those converted stock options. This allocation is based on management’s judgment after considering the dividend rights of the two-classes of common stock, the control of the Class B shareholders and the convertibility rights of the Class B shares into Class A shares. The following tables set forth the computation of basic earnings per common share and diluted earnings per common share (in thousands except for per share amounts): Basic earnings per common share: Three Months Ended Nine Months Ended Class A Common Shares Class B Common Shares Class A Common Shares Class B Common Shares Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed losses (0.01 ) (0.01 ) (0.13 ) (0.13 ) Total $ 0.10 $ 0.10 $ 0.20 $ 0.20 Distributed earnings $ 3,321 $ 201 $ 9,873 $ 604 Undistributed losses (223 ) (13 ) (4,033 ) (247 ) Total $ 3,098 $ 188 $ 5,840 $ 357 Basic weighted average common shares outstanding 30,133 1,822 29,789 1,822 Three Months Ended Nine Months Ended Class A Common Shares Class B Common Shares Class A Common Shares Class B Common Shares Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed losses (0.04 ) (0.04 ) (0.17 ) (0.17 ) Total $ 0.07 $ 0.07 $ 0.16 $ 0.16 Distributed earnings $ 3,213 $ 204 $ 9,609 $ 613 Undistributed losses (1,047 ) (69 ) (4,974 ) (319 ) Total $ 2,166 $ 135 $ 4,635 $ 294 Basic weighted average common shares outstanding 29,188 1,822 29,036 1,851 Diluted EPS for Class A Common Shares Using the If-Converted Method Three Months Ended January 31, 2020 Undistributed & Distributed Earnings to Class A Common Shares Class A Common Shares EPS* Per Basic $ 3,098 30,133 $ 0.10 Common Stock Equivalents — 713 — 3,098 30,846 0.10 Class B Common Share Conversion 188 1,822 — Diluted EPS for Class A Common Shares $ 3,286 32,668 $ 0.10 Nine Months Ended January 31, 2020 Undistributed & Distributed Earnings to Class A Common Shares Class A EPS* Per Basic $ 5,840 29,789 $ 0.20 Common Stock Equivalents — 649 — 5,840 30,438 0.19 Class B Common Share Conversion 357 1,822 — Diluted EPS for Class A Common Shares $ 6,197 32,260 $ 0.19 Three Months Ended January 31, 2019 Undistributed & Distributed Earnings to Class A Common Shares Class A Common Shares EPS* Per Basic $ 2,166 29,188 $ 0.07 Common Stock Equivalents — 173 — 2,166 29,361 0.07 Class B Common Share Conversion 135 1,822 — Diluted EPS for Class A Common Shares $ 2,301 31,183 $ 0.07 Nine Months Ended January 31, 2019 Undistributed & Distributed Earnings to Class A Common Shares Class A Common Shares EPS* Per Basic $ 4,635 29,036 $ 0.16 Common Stock Equivalents — 464 — 4,635 29,500 0.16 Class B Common Share Conversion 294 1,851 — Diluted EPS for Class A Common Shares $ 4,929 31,351 $ 0.16 Diluted EPS for Class B Common Shares Using the Two-Class Method Three Months Ended January 31, 2020 Undistributed & Distributed Earnings to Class B Common Shares Class B Common Shares EPS* Per Basic $ 188 1,822 $ 0.10 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares — — — Diluted EPS for Class B Common Shares $ 188 1,822 $ 0.10 Nine Months Ended January 31, 2020 Undistributed & Distributed Earnings to Class B Common Shares Class B Common Shares EPS* Per Basic $ 357 1,822 $ 0.20 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 5 — — Diluted EPS for Class B Common Shares $ 362 1,822 $ 0.20 Three Months Ended January 31, 2019 Undistributed & Distributed Earnings to Class B Common Shares Class B Common Shares EPS* Per Basic $ 135 1,822 $ 0.07 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — — Diluted EPS for Class B Common Shares $ 136 1,822 $ 0.07 Nine Months Ended January 31, 2019 Undistributed & Distributed Earnings to Class B Common Shares Class B Common Shares EPS* Per Basic $ 294 1,851 $ 0.16 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — — Diluted EPS for Class B Common Shares $ 295 1,851 $ 0.16 *Amounts adjusted for rounding For the three and nine months ended January 31, 2020 , we excluded options to purchase 26,000 and 278,116 Class A Common Shares, respectively, and for the three and nine months ended January 31, 2019 , we excluded options to purchase 2,416,421 and 464,475 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, 2020 , we had a total of 3,998,128 options outstanding and as of January 31, 2019 , we had a total of 4,017,123 options outstanding.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jan. 31, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation During the nine months ended January 31, 2020 and 2019 , we granted options for 1,093,000 and 1,201,000 shares of Class A 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 $0.6 million and $0.5 million and income tax benefits of approximately $141,000 and $26,000 from option exercises during the three months ended January 31, 2020 and 2019 , respectively. We recorded stock option compensation cost of approximately $ 1.5 million and $ 1.3 million and income tax benefits of approximately $614,000 and $260,000 from option exercises during the nine months ended January 31, 2020 and 2019 , 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, 2020 and 2019 , we issued 802,444 and 456,113 shares of Class A common stock, respectively, resulting from the exercise of stock options. The total intrinsic value of options exercised during the nine months ended January 31, 2020 and 2019 based on market value at the exercise dates was approximately $4.1 million and $2.1 million , respectively. As of January 31, 2020 , unrecognized compensation cost related to unvested stock option awards approximated $6.1 million , which we expect to recognize over a weighted average period of 1.91 years .

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Jan. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	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 for identical instruments in active markets. • 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 —Cash equivalents include investments in government obligation based money-market funds, other money market instruments and interest-bearing deposits with initial terms of three months or less. The fair value of cash equivalents approximates its carrying value due to the short-term nature of these instruments. Marketable Securities —Marketable securities utilizing Level 1 inputs include active exchange-traded equity securities and equity index funds, and most U.S. government debt securities, as these securities all have quoted prices in active markets. Marketable securities utilizing Level 2 inputs include municipal bonds. We value these securities using market-corroborated pricing or other models that use observable inputs such as yield curves. The following tables present our assets and liabilities that we measured at fair value on a recurring basis as of January 31, 2020 and April 30, 2019 , and indicate the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): January 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Cash equivalents $ 64,363 $ — $ — $ 64,363 Marketable securities 13,339 14,139 — 27,478 Total $ 77,702 $ 14,139 $ — $ 91,841 April 30, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Cash equivalents $ 56,645 $ — $ — $ 56,645 Marketable securities 11,002 16,192 — 27,194 Total $ 67,647 $ 16,192 $ — $ 83,839

Stock Repurchases

Stock Repurchases	9 Months Ended
	Jan. 31, 2020
Equity [Abstract]
Stock Repurchases	Stock Repurchases On August 19, 2002, our Board of Directors authorized 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 Class A common stock and management’s assessment of our liquidity and cash flow needs. Under this repurchase plan, we have repurchased 1,053,679 shares of Class A common stock at a cost of approximately $ 6.2 million , which had no impact on fiscal 2020. As of January 31, 2020 , 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, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Comprehensive Income	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, 2020
Segment Reporting [Abstract]
Industry Segments	Industry Segments FASB ASC 280, Segment Reporting , establishes standards for reporting information about operating segments. Operating segments are defined as components of a public entity about which separate financial information is available that is evaluated regularly by the chief operating decision makers (“CODMs”), or decision making group, in deciding how to allocate resources and in assessing performance. Our CODMs are our Principal Executive Officer and our President. While our CODMs are apprised of a variety of financial metrics and information, we manage our business primarily on a segment basis, with the CODMs evaluating performance based upon segment operating profit or loss, with certain corporate and other common expenses included in the Other segment. Our CODMs review the operating results of our three segments, assess performance and allocate resources in a manner that is consistent with the changing market dynamics that we have experienced. We recently updated our operating segments to reflect the fact that we provide our software solutions through three major operating segments, which are further broken down into a total of six major product and service groups. The three operating segments are (1) Supply Chain Management (“SCM”), (2) Information Technology (“IT”) Consulting and (3) Other. Our primary operating units under our SCM segment include Logility, Inc., New Generation Computing, Inc. (“NGC”), Demand Management, Inc. (“DMI”), and Halo Business Intelligence (“Halo”). Logility and NGC are wholly-owned subsidiaries of American Software; DMI is a wholly-owned subsidiary of Logility; and Halo is a division of Logility. In addition to our core SCM software business, we also offer technology staffing and consulting services through our wholly-owned subsidiary, The Proven Method, Inc., in the IT Consulting segment. The Other segment consists of software and services provided to our legacy enterprise resource planning (“ERP”) customers, as well as corporate overhead and other common expenses. All of our revenues are derived from external customers. We do not have any intersegment 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, 2020 and 2019 (in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 Revenues: Supply Chain Management $ 25,578 $ 21,494 $ 71,411 $ 65,066 IT Consulting 4,475 4,938 13,011 15,517 Other 547 571 1,771 1,852 $ 30,600 $ 27,003 $ 86,193 $ 82,435 Operating income (loss): Supply Chain Management $ 6,693 $ 4,981 $ 14,904 $ 12,021 IT Consulting 43 244 210 999 Other (3,917 ) (3,095 ) (10,655 ) (8,757 ) $ 2,819 $ 2,130 $ 4,459 $ 4,263 Capital expenditures: Supply Chain Management $ 43 $ 21 $ 117 $ 145 IT Consulting — — — 1 Other 58 99 222 868 $ 101 $ 120 $ 339 $ 1,014 Capitalized software: Supply Chain Management $ 807 $ 2,073 $ 2,697 $ 4,162 IT Consulting — — — — Other — — — — $ 807 $ 2,073 $ 2,697 $ 4,162 Depreciation and amortization: Supply Chain Management $ 1,785 $ 1,862 $ 6,026 $ 5,416 IT Consulting 2 2 4 6 Other 95 96 280 249 $ 1,882 $ 1,960 $ 6,310 $ 5,671 Earnings (loss) before income taxes: Supply Chain Management $ 6,743 $ 5,190 $ 15,259 $ 12,248 IT Consulting 43 244 209 999 Other (2,989 ) (2,777 ) (8,794 ) (7,894 ) $ 3,797 $ 2,657 $ 6,674 $ 5,353

Major Customers

Major Customers	9 Months Ended
	Jan. 31, 2020
Segment Reporting [Abstract]
Major Customers	Major Customers No single customer accounted for more than 10% of total revenues for the three and nine months ended January 31, 2020 and 2019 .

Contingencies

Contingencies	9 Months Ended
	Jan. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies We generally indemnify our customers against damages and costs resulting from third-party claims of patent, copyright or trademark infringement associated with use of our products. Historically, we have not been required to make any payments under such indemnifications. However, we continue to monitor the conditions that are subject to indemnification to identify whether it is probable that a loss has occurred, and would recognize any such losses when those losses are estimable. In addition, we warrant to our customers that our software products operate substantially in accordance with their 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, 2020
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On February 12, 2020 , 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 22, 2020 to Class A and Class B shareholders of record at the close of business on May 8, 2020

Presentation and Summary of S_2

Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2020
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 ("GAAP") for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required for complete consolidated financial statements. In the opinion of our management, these Condensed Consolidated Financial Statements contain all normal recurring adjustments considered necessary for a fair presentation of the Company’s financial position at January 31, 2020 , results of operations for the three and nine months ended January 31, 2020 and 2019 , consolidated statements of shareholders’ equity for the three and nine months ended January 31, 2020 and 2019 and cash flows for the nine months ended January 31, 2020 and 2019 . The Company’s results for the three and nine months ended January 31, 2020 are not necessarily indicative of the results expected for the full year. You should read these statements in conjunction with our audited consolidated financial statements and management’s discussion and analysis and results of operations included in our Annual Report on Form 10-K (the “Annual Report”) for the fiscal year ended April 30, 2019 . The terms “fiscal 2020” and “fiscal 2019” refer to our fiscal years ending April 30, 2020 and 2019, respectively. The preparation of these Condensed 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 fiscal 2019 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 and income taxes. 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. (“American Software”) and its wholly-owned subsidiaries (collectively, the “Company”). All significant intercompany balances and transactions have been eliminated in consolidation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of New Accounting Standard In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases , which established new FASB Accounting Standards Codification ("ASC") Topic 842 ("ASC 842"), to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Under the new guidance, a lessee is required to recognize assets and liabilities for leases with lease terms of more than 12 months. Consistent with previous guidance, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike previous guidance, which required only capital leases to be recognized on the balance sheet, the new standard requires both types of leases to be recognized on the balance sheet. ASC 842 also requires disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements, providing additional information about the amounts recorded in the Condensed Consolidated Financial Statements. The new lease standard is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted ASC 842 on May 1, 2019, using the modified retrospective method and utilized the optional transition method under which the Company continues to apply the legacy guidance in ASC 840, Leases , including its disclosure requirements, in the comparative period presented. Therefore, the adjustment to recognize the Company’s leases on the Condensed Consolidated Balance Sheet related to the adoption of the new standard was recorded as of the adoption date and prior periods were not restated. As part of the adoption of ASC 842, the Company elected to adopt certain of the optional practical expedients, including the package of practical expedients which, among other things, gives us the option to not reassess: 1) whether expired or existing contracts are or contain leases; 2) the lease classification for expired or existing leases; and 3) initial direct costs for existing leases. The Company also elected the practical expedient to not record lease right-of-use (“ROU”) assets and lease obligations for leases with terms of 12 months or less. Finally, the Company also elected the practical expedient to not separate lease and non-lease components, which allows it to account for lease and non-lease components as a single lease component. The Company did not elect the hindsight practical expedient in its determination of the lease term for existing leases; therefore, the original lease terms, as determined under ASC 840, were used in the calculation of the Company’s initial ASC 842 lease liabilities. Adoption of the new standard resulted in the recognition of operating lease ROU assets of approximately $2.7 million , current operating lease liabilities of approximately $0.7 million and long-term operating lease liabilities of approximately $2.1 million as of May 1, 2019. The adoption had no impact on retained deficit, the Condensed Consolidated Statements of Operations, or the Condensed Consolidated Statements of Cash Flows. See Note C for further discussion of the Company’s leases.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Jan. 31, 2020
Revenue from Contract with Customer [Abstract]
Summary of Contract Balances	January 31, April 30, (in thousands) Contract Balances: Contract assets, current $ 2,436 $ 1,475 Total contract assets $ 2,436 $ 1,475 Deferred revenue, current $ 34,419 $ 33,283 Total deferred revenue $ 34,419 $ 33,283
Schedule of Revenue by Geography	The Company’s revenue by geography is as follows: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (in thousands) (in thousands) Revenues: Domestic $ 24,902 $ 22,368 $ 69,076 $ 66,825 International 5,698 4,635 17,117 15,610 $ 30,600 $ 27,003 $ 86,193 $ 82,435

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jan. 31, 2020
Leases [Abstract]
Balance Sheet Information Related to Operating Leases	Balance sheet information related to operating leases is as follows (in thousands): January 31, Assets Right of use assets $ 2,228 Liabilities Current lease liabilities 770 Long-term lease liabilities 1,596 Total liabilities $ 2,366
Lease Cost Information	Weighted average information associated with the measurement of the Company’s remaining operating lease obligations is as follows: January 31, Weighted average remaining lease term 3.5 years Weighted average discount rate 3.5 % Lease cost information related to operating leases is as follows (in thousands): Three Months Ended Lease cost Operating lease cost $ 193 Short-term lease cost 145 Variable lease cost 65 Total lease cost $ 403 Nine Months Ended Lease cost Operating lease cost 581 Short-term lease cost 439 Variable lease cost 176 Total lease cost $ 1,196
Maturity of Operating Lease Liabilities	The following table summarizes the maturity of the Company’s operating lease liabilities as of January 31, 2020 (in thousands): FY2020 $ 198 FY2021 775 FY2022 702 FY2023 470 FY2024 346 Thereafter 20 Total operating lease payments $ 2,511 Less imputed interest (145 ) Total operating lease liabilities $ 2,366
Future Minimum Lease Payments Under Noncancelable Operating Leases	Future minimum lease payments under noncancelable operating leases (due to existence of renewal or escalation clauses) with initial or remaining lease terms in excess of one year as of April 30, 2019 are as follows (in thousands): Years ended April 30: 2020 $ 847 2021 790 2022 706 2023 433 2024 317 Thereafter 17 $ 3,110
Payments to be Received, Maturity	Lease payments to be received as of January 31, 2020 are as follows (in thousands): FY2020 $ 43 FY2021 105 FY2022 55 FY2023 — FY2024 — Thereafter — Total $ 203
Future Minimum Lease Rentals Receivable Under Noncancelable Operating Leases	Future minimum lease rentals receivable under noncancelable operating leases (with initial or remaining lease terms in excess of one year) as of April 30, 2019 are as follows (already included or prorated at the Company’s occupied building) (in thousands): Years ended April 30: 2020 $ 194 2021 105 2022 55 2023 — 2024 — Thereafter — $ 354

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Jan. 31, 2020
Earnings Per Share [Abstract]
Basic Earnings Per Common Share	The following tables set forth the computation of basic earnings per common share and diluted earnings per common share (in thousands except for per share amounts): Basic earnings per common share: Three Months Ended Nine Months Ended Class A Common Shares Class B Common Shares Class A Common Shares Class B Common Shares Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed losses (0.01 ) (0.01 ) (0.13 ) (0.13 ) Total $ 0.10 $ 0.10 $ 0.20 $ 0.20 Distributed earnings $ 3,321 $ 201 $ 9,873 $ 604 Undistributed losses (223 ) (13 ) (4,033 ) (247 ) Total $ 3,098 $ 188 $ 5,840 $ 357 Basic weighted average common shares outstanding 30,133 1,822 29,789 1,822 Three Months Ended Nine Months Ended Class A Common Shares Class B Common Shares Class A Common Shares Class B Common Shares Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed losses (0.04 ) (0.04 ) (0.17 ) (0.17 ) Total $ 0.07 $ 0.07 $ 0.16 $ 0.16 Distributed earnings $ 3,213 $ 204 $ 9,609 $ 613 Undistributed losses (1,047 ) (69 ) (4,974 ) (319 ) Total $ 2,166 $ 135 $ 4,635 $ 294 Basic weighted average common shares outstanding 29,188 1,822 29,036 1,851
Diluted Earnings Per Share for Class A Common Shares Using If-Converted Method	Diluted EPS for Class A Common Shares Using the If-Converted Method Three Months Ended January 31, 2020 Undistributed & Distributed Earnings to Class A Common Shares Class A Common Shares EPS* Per Basic $ 3,098 30,133 $ 0.10 Common Stock Equivalents — 713 — 3,098 30,846 0.10 Class B Common Share Conversion 188 1,822 — Diluted EPS for Class A Common Shares $ 3,286 32,668 $ 0.10 Nine Months Ended January 31, 2020 Undistributed & Distributed Earnings to Class A Common Shares Class A EPS* Per Basic $ 5,840 29,789 $ 0.20 Common Stock Equivalents — 649 — 5,840 30,438 0.19 Class B Common Share Conversion 357 1,822 — Diluted EPS for Class A Common Shares $ 6,197 32,260 $ 0.19 Three Months Ended January 31, 2019 Undistributed & Distributed Earnings to Class A Common Shares Class A Common Shares EPS* Per Basic $ 2,166 29,188 $ 0.07 Common Stock Equivalents — 173 — 2,166 29,361 0.07 Class B Common Share Conversion 135 1,822 — Diluted EPS for Class A Common Shares $ 2,301 31,183 $ 0.07 Nine Months Ended January 31, 2019 Undistributed & Distributed Earnings to Class A Common Shares Class A Common Shares EPS* Per Basic $ 4,635 29,036 $ 0.16 Common Stock Equivalents — 464 — 4,635 29,500 0.16 Class B Common Share Conversion 294 1,851 — Diluted EPS for Class A Common Shares $ 4,929 31,351 $ 0.16
Diluted Earnings Per Share for Class B Common Shares Using Two-Class Method	Diluted EPS for Class B Common Shares Using the Two-Class Method Three Months Ended January 31, 2020 Undistributed & Distributed Earnings to Class B Common Shares Class B Common Shares EPS* Per Basic $ 188 1,822 $ 0.10 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares — — — Diluted EPS for Class B Common Shares $ 188 1,822 $ 0.10 Nine Months Ended January 31, 2020 Undistributed & Distributed Earnings to Class B Common Shares Class B Common Shares EPS* Per Basic $ 357 1,822 $ 0.20 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 5 — — Diluted EPS for Class B Common Shares $ 362 1,822 $ 0.20 Three Months Ended January 31, 2019 Undistributed & Distributed Earnings to Class B Common Shares Class B Common Shares EPS* Per Basic $ 135 1,822 $ 0.07 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — — Diluted EPS for Class B Common Shares $ 136 1,822 $ 0.07 Nine Months Ended January 31, 2019 Undistributed & Distributed Earnings to Class B Common Shares Class B Common Shares EPS* Per Basic $ 294 1,851 $ 0.16 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — — Diluted EPS for Class B Common Shares $ 295 1,851 $ 0.16 *Amounts adjusted for rounding

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Jan. 31, 2020
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, 2020 and April 30, 2019 , and indicate the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): January 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Cash equivalents $ 64,363 $ — $ — $ 64,363 Marketable securities 13,339 14,139 — 27,478 Total $ 77,702 $ 14,139 $ — $ 91,841 April 30, 2019 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Cash equivalents $ 56,645 $ — $ — $ 56,645 Marketable securities 11,002 16,192 — 27,194 Total $ 67,647 $ 16,192 $ — $ 83,839

Industry Segments (Tables)

Industry Segments (Tables)	9 Months Ended
	Jan. 31, 2020
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, 2020 and 2019 (in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2020 2019 2020 2019 Revenues: Supply Chain Management $ 25,578 $ 21,494 $ 71,411 $ 65,066 IT Consulting 4,475 4,938 13,011 15,517 Other 547 571 1,771 1,852 $ 30,600 $ 27,003 $ 86,193 $ 82,435 Operating income (loss): Supply Chain Management $ 6,693 $ 4,981 $ 14,904 $ 12,021 IT Consulting 43 244 210 999 Other (3,917 ) (3,095 ) (10,655 ) (8,757 ) $ 2,819 $ 2,130 $ 4,459 $ 4,263 Capital expenditures: Supply Chain Management $ 43 $ 21 $ 117 $ 145 IT Consulting — — — 1 Other 58 99 222 868 $ 101 $ 120 $ 339 $ 1,014 Capitalized software: Supply Chain Management $ 807 $ 2,073 $ 2,697 $ 4,162 IT Consulting — — — — Other — — — — $ 807 $ 2,073 $ 2,697 $ 4,162 Depreciation and amortization: Supply Chain Management $ 1,785 $ 1,862 $ 6,026 $ 5,416 IT Consulting 2 2 4 6 Other 95 96 280 249 $ 1,882 $ 1,960 $ 6,310 $ 5,671 Earnings (loss) before income taxes: Supply Chain Management $ 6,743 $ 5,190 $ 15,259 $ 12,248 IT Consulting 43 244 209 999 Other (2,989 ) (2,777 ) (8,794 ) (7,894 ) $ 3,797 $ 2,657 $ 6,674 $ 5,353

Presentation and Summary of S_3

Presentation and Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Jan. 31, 2020	May 01, 2019
Accounting Policies [Line Items]
Right of use assets	$ 2,228
Current lease liabilities	770
Long-term lease liabilities	$ 1,596
Accounting Standards Update 2016-02
Accounting Policies [Line Items]
Right of use assets		$ 2,700
Current lease liabilities		700
Long-term lease liabilities		$ 2,100

Revenue Recognition - Addition

Revenue Recognition - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2019
Revenue Recognition [Line Items]
Expense reimbursement included in professional services	$ 30,600,000	$ 27,003,000	$ 86,193,000	$ 82,435,000
Deferred revenue recognized	14,000,000		29,000,000
Transaction price allocated to remaining performance obligations	80,000,000		80,000,000
Total deferred commissions	34,419,000		34,419,000		$ 33,283,000
Impairment losses	0		$ 0
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]
Expense reimbursement included in professional services	400,000	$ 300,000	$ 1,300,000	$ 1,100,000
Sales Commissions
Revenue Recognition [Line Items]
Total deferred commissions	3,500,000		3,500,000		$ 2,300,000
Amortization of sales commissions	$ 600,000		$ 1,400,000

Revenue Recognition - Remainin

Revenue Recognition - Remaining Performance Obligation (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-02-01	Jan. 31, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining revenue to be recognized	66.66%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months

Revenue Recognition - Summary

Revenue Recognition - Summary of Contract Balances (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Contract Balances:
Contract assets, current	$ 2,436	$ 1,475
Total contract assets	2,436	1,475
Deferred revenue, current	34,419	33,283
Total deferred revenue	$ 34,419	$ 33,283

Revenue Recognition - Disaggre

Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Revenues:
Revenues	$ 30,600	$ 27,003	$ 86,193	$ 82,435
Domestic
Revenues:
Revenues	24,902	22,368	69,076	66,825
International
Revenues:
Revenues	$ 5,698	$ 4,635	$ 17,117	$ 15,610

Leases - Additional Informatio

Leases - Additional Information (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Jan. 31, 2020USD ($)	Jan. 31, 2020USD ($)
Lessee, Lease, Description [Line Items]
Cash paid included in measurement of operating lease liabilities		$ 900
Lease income	$ 70	$ 200
Minimum
Lessee, Lease, Description [Line Items]
Lease term	3 years	3 years
Maximum
Lessee, Lease, Description [Line Items]
Lease term	5 years	5 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) $ in Thousands	Jan. 31, 2020USD ($)
Assets
Right of use assets	$ 2,228
Liabilities
Current lease liabilities	770
Long-term lease liabilities	1,596
Total liabilities	$ 2,366

Leases - Lease Cost Information

Leases - Lease Cost Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jan. 31, 2020	Jan. 31, 2020
Leases [Abstract]
Operating lease cost	$ 193	$ 581
Short-term lease cost	145	439
Variable lease cost	65	176
Total lease cost	$ 403	$ 1,196

Leases - Weighted Average Infor

Leases - Weighted Average Information (Details)	Jan. 31, 2020
Leases [Abstract]
Weighted average remaining lease term	3 years 6 months
Weighted average discount rate	3.50%

Leases - Summary of Operating L

Leases - Summary of Operating Lease Maturities (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Operating Lease Liabilities Maturity
FY2020	$ 198
FY2021	775
FY2022	702
FY2023	470
FY2024	346
Thereafter	20
Total operating lease payments	2,511
Less imputed interest	(145)
Total operating lease liabilities	$ 2,366
Future Minimum Lease Payments
2020		$ 847
2021		790
2022		706
2023		433
2024		317
Thereafter		17
Total		$ 3,110

Leases - Lease Rental Receivabl

Leases - Lease Rental Receivables (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Lease Payments to be Received
FY2020	$ 43
FY2021	105
FY2022	55
FY2023	0
FY2024	0
Thereafter	0
Total	$ 203
Future Minimum Lease Rental Receivables
2020		$ 194
2021		105
2022		55
2023		0
2024		0
Thereafter		0
Total		$ 354

Declaration of Dividend Payab_2

Declaration of Dividend Payable (Details) - $ / shares	Nov. 12, 2019	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Dividends [Abstract]
Cash dividends payable, declared date	Nov. 12, 2019
Cash dividends declared per common share (in usd per share)	$ 0.11	$ 0.11	$ 0.11	$ 0.33	$ 0.33

Earnings Per Common Share - Ad

Earnings Per Common Share - Additional Information (Details)	3 Months Ended		9 Months Ended
	Jan. 31, 2020shares	Jan. 31, 2019shares	Jan. 31, 2020$ / sharesshares	Jan. 31, 2019shares
Earnings Per Share [Line Items]
Share conversion ratio			1
Options to purchase excluded (in shares)	26,000	2,416,421	278,116	464,475
Options to purchase outstanding (in shares)	3,998,128	4,017,123	3,998,128	4,017,123
Class A Common Shares
Earnings Per Share [Line Items]
Dividends preference (in usd per share) | $ / shares			$ 0.05

Earnings Per Common Share - Ba

Earnings Per Common Share - Basic Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total (in usd per share)	[1]	$ 0.10	$ 0.07	$ 0.20	$ 0.16
Basic weighted aveage common shares outstanding (in shares)		31,955	31,010	31,611	30,887
Class A Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings (in usd per share)		$ 0.11	$ 0.11	$ 0.33	$ 0.33
Undistributed losses (in usd per share)		(0.01)	(0.04)	(0.13)	(0.17)
Total (in usd per share)		$ 0.10	$ 0.07	$ 0.20	$ 0.16
Distributed earnings		$ 3,321	$ 3,213	$ 9,873	$ 9,609
Undistributed losses		(223)	(1,047)	(4,033)	(4,974)
Total		$ 3,098	$ 2,166	$ 5,840	$ 4,635
Basic weighted aveage common shares outstanding (in shares)		30,133	29,188	29,789	29,036
Class B Common Shares
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Distributed earnings (in usd per share)		$ 0.11	$ 0.11	$ 0.33	$ 0.33
Undistributed losses (in usd per share)		(0.01)	(0.04)	(0.13)	(0.17)
Total (in usd per share)		$ 0.10	$ 0.07	$ 0.20	$ 0.16
Distributed earnings		$ 201	$ 204	$ 604	$ 613
Undistributed losses		(13)	(69)	(247)	(319)
Total		$ 188	$ 135	$ 357	$ 294
Basic weighted aveage common shares outstanding (in shares)		1,822	1,822	1,822	1,851
[1]	(a)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 $0.10 and $0.07 for the three months ended January 31, 2020 and 2019, and $0.20 and $0.16 for the nine months ended January 31, 2020 and 2019 respectively. See Note E to the Condensed Consolidated Financial Statements.

Earnings Per Common Share - Di

Earnings Per Common Share - Diluted Earnings per Share for Class A Common Shares Using If-Converted Method (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted aveage common shares outstanding (in shares)		31,955	31,010	31,611	30,887
Diluted, Class A Common Shares (in shares)		32,668	31,183	32,260	31,351
Basic EPS (in usd per share)	[1]	$ 0.10	$ 0.07	$ 0.20	$ 0.16
Diluted EPS (in usd per share)	[1]	$ 0.10	$ 0.07	$ 0.19	$ 0.16
Class A Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & distributed earnings		$ 3,098	$ 2,166	$ 5,840	$ 4,635
Undistributed & distributed earnings, class B conversion (in usd per share)		188	135	357	294
Net earnings		$ 3,286	$ 2,301	$ 6,197	$ 4,929
Basic weighted aveage common shares outstanding (in shares)		30,133	29,188	29,789	29,036
Common Stock Equivalents (in shares)		713	173	649	464
Weighted average shares including common stock equivalents, diluted (in shares)		30,846	29,361	30,438	29,500
Class B Conversion (in shares)		1,822	1,822	1,822	1,851
Diluted, Class A Common Shares (in shares)		32,668	31,183	32,260	31,351
Basic EPS (in usd per share)		$ 0.10	$ 0.07	$ 0.20	$ 0.16
Diluted EPS (in usd per share)		$ 0.10	$ 0.07	$ 0.19	$ 0.16
[1]	(a)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 $0.10 and $0.07 for the three months ended January 31, 2020 and 2019, and $0.20 and $0.16 for the nine months ended January 31, 2020 and 2019 respectively. See Note E to the Condensed Consolidated Financial Statements.

Earnings Per Common Share - _2

Earnings Per Common Share - Diluted Earnings per Share for Class B Common Shares Using Two-Class Method (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted aveage common shares outstanding (in shares)		31,955	31,010	31,611	30,887
Diluted EPS for class B common shares (in shares)		32,668	31,183	32,260	31,351
Basic EPS (in usd per share)	[1]	$ 0.10	$ 0.07	$ 0.20	$ 0.16
Diluted EPS (in usd per share)	[1]	$ 0.10	$ 0.07	$ 0.19	$ 0.16
Class B Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed & distributed earnings		$ 188	$ 135	$ 357	$ 294
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares		0	1	5	1
Net earnings		$ 188	$ 136	$ 362	$ 295
Basic weighted aveage common shares outstanding (in shares)		1,822	1,822	1,822	1,851
Diluted EPS for class B common shares (in shares)		1,822	1,822	1,822	1,851
Basic EPS (in usd per share)		$ 0.10	$ 0.07	$ 0.20	$ 0.16
Diluted EPS (in usd per share)		$ 0.10	$ 0.07	$ 0.20	$ 0.16
[1]	(a)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 $0.10 and $0.07 for the three months ended January 31, 2020 and 2019, and $0.20 and $0.16 for the nine months ended January 31, 2020 and 2019 respectively. See Note E to the Condensed Consolidated Financial Statements.

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Option to purchase common stock (in shares)			1,093,000	1,201,000
Stock-based compensation expense	$ 600	$ 500	$ 1,510	$ 1,308
Income tax excess benefit	141	$ 26	$ 614	$ 260
Stock options exercised (in shares)			802,444	456,113
Total intrinsic value of options exercised			$ 4,100	$ 2,100
Unrecognized compensation cost related to unvested stock option	$ 6,100		$ 6,100
Weighted average period for unrecognized compensation cost			1 year 10 months 28 days

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jan. 31, 2020	Apr. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 64,363	$ 56,645
Marketable securities	27,478	27,194
Total	91,841	83,839
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	64,363	56,645
Marketable securities	13,339	11,002
Total	77,702	67,647
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Marketable securities	14,139	16,192
Total	14,139	16,192
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Marketable securities	0	0
Total	$ 0	$ 0

Stock Repurchases (Details)

Stock Repurchases (Details) - Class A Common Shares - USD ($) $ in Millions	209 Months Ended
	Jan. 31, 2020	Aug. 19, 2002
Equity, Class of Treasury Stock [Line Items]
Common stock shares repurchased (in shares)	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
Common stock shares repurchased (in shares)	1,053,679
Cost of common stock repurchased	$ 6.2

Industry Segments - Additional

Industry Segments - Additional Information (Details)	9 Months Ended
	Jan. 31, 2020segmentgroup
Segment Reporting [Abstract]
Number of major operating segments | segment	3
Number of major product and service groups | group	6

Industry Segments - Segment In

Industry Segments - Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Segment Reporting Information [Line Items]
Revenues	$ 30,600	$ 27,003	$ 86,193	$ 82,435
Operating income (loss)	2,819	2,130	4,459	4,263
Capital expenditures	101	120	339	1,014
Capitalized software	807	2,073	2,697	4,162
Depreciation and amortization	1,882	1,960	6,310	5,671
Earnings (loss) before income taxes	3,797	2,657	6,674	5,353
Supply Chain Management
Segment Reporting Information [Line Items]
Revenues	25,578	21,494	71,411	65,066
Operating income (loss)	6,693	4,981	14,904	12,021
Capital expenditures	43	21	117	145
Capitalized software	807	2,073	2,697	4,162
Depreciation and amortization	1,785	1,862	6,026	5,416
Earnings (loss) before income taxes	6,743	5,190	15,259	12,248
IT Consulting
Segment Reporting Information [Line Items]
Revenues	4,475	4,938	13,011	15,517
Operating income (loss)	43	244	210	999
Capital expenditures	0	0	0	1
Capitalized software	0	0	0	0
Depreciation and amortization	2	2	4	6
Earnings (loss) before income taxes	43	244	209	999
Other
Segment Reporting Information [Line Items]
Revenues	547	571	1,771	1,852
Operating income (loss)	(3,917)	(3,095)	(10,655)	(8,757)
Capital expenditures	58	99	222	868
Capitalized software	0	0	0	0
Depreciation and amortization	95	96	280	249
Earnings (loss) before income taxes	$ (2,989)	$ (2,777)	$ (8,794)	$ (7,894)

Subsequent Event (Details)

Subsequent Event (Details) - $ / shares	Feb. 12, 2020	Nov. 12, 2019	Jan. 31, 2020	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019
Subsequent Event [Line Items]
Cash dividends payable, declared date		Nov. 12, 2019
Cash dividends declared per common share (in usd per share)		$ 0.11	$ 0.11	$ 0.11	$ 0.33	$ 0.33
Subsequent Event
Subsequent Event [Line Items]
Cash dividends payable, declared date	Feb. 12, 2020
Cash dividends declared per common share (in usd per share)	$ 0.11
Cash dividend payable date	May 22, 2020
Cash dividends declared, record date	May 8, 2020

Uncategorized Items - amswa-202

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 1,753,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 1,753,000