Logility Supply Chain Solutions (LGTY) 10-Q 2 Dec 22 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Oct. 31, 2022	Dec. 01, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2022
Document Transition Report	false
Entity File Number	0-12456
Entity Registrant Name	AMERICAN SOFTWARE, INC.
Entity Incorporation, State or Country Code	GA
Entity Tax Identification Number	58-1098795
Entity Address, Address Line One	470 East Paces Ferry Road, N.E.
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30305
City Area Code	404
Local Phone Number	261-4381
Title of 12(b) Security	Common Stock
Trading Symbol	AMSWA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000713425
Current Fiscal Year End Date	--04-30
Class A Common Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		31,918,863
Class B Common Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,821,587

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 83,962	$ 110,690
Investments	22,805	16,826
Trade accounts receivable, net
Billed	24,127	20,619
Unbilled	2,690	2,989
Prepaid expenses and other current assets	5,384	5,067
Total current assets	138,968	156,191
Property and equipment, net of accumulated depreciation of $31,755 at October 31, 2022 and $31,242 at April 30, 2022	5,847	3,654
Capitalized software, net of accumulated amortization of $42,726 at October 31, 2022 and $42,007 at April 30, 2022	867	1,586
Goodwill	29,558	25,888
Other intangibles, net of accumulated amortization of $13,597 at October 31, 2022 and $13,228 at April 30, 2022	2,609	147
Lease right of use assets	646	935
Deferred sales commissions—noncurrent	1,702	2,050
Deferred income taxes	227	0
Other assets	2,588	2,384
Total assets	183,012	192,835
Current liabilities:
Accounts payable	2,485	2,506
Accrued compensation and related costs	3,723	6,918
Dividends payable	3,711	3,700
Operating lease obligations	441	541
Other current liabilities	2,361	1,871
Deferred revenue	36,008	41,953
Total current liabilities	48,729	57,489
Deferred income taxes	0	1,772
Long-term operating lease obligations	250	461
Other long-term liabilities	465	137
Total liabilities	49,444	59,859
Shareholders’ equity:
Additional paid-in capital	175,733	171,948
Retained deficit	(20,438)	(17,236)
Class A treasury stock, 4,588,632 shares at October 31, 2022 and April 30, 2022, at cost	(25,559)	(25,559)
Total shareholders’ equity	133,568	132,976
Commitments and contingencies
Total liabilities and shareholders’ equity	183,012	192,835
Class A Common Shares
Shareholders’ equity:
Common stock value	3,650	3,641
Class B Common Shares
Shareholders’ equity:
Common stock value	$ 182	$ 182

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) $ in Thousands	6 Months Ended	12 Months Ended
	Oct. 31, 2022 USD ($) $ / shares shares	Apr. 30, 2022 USD ($) $ / shares shares
Allowance for doubtful accounts receivable | $	$ 354	$ 423
Property and equipment, accumulated depreciation | $	31,755	31,242
Capitalized software, accumulated amortization | $	42,726	42,007
Other intangibles, accumulated amortization | $	$ 13,597	$ 13,228
Share conversion ratio	1	1
Class A Common Shares
Common stock, par value (in usd per share) | $ / shares	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	36,503,495	36,405,695
Common stock, shares outstanding (in shares)	36,503,495	36,405,695
Common stock, shares outstanding, net (in shares)	31,914,863	31,817,063
Common stock, shares issued, net (in shares)	31,914,863	31,817,063
Class A treasury stock shares (in shares)	4,588,632	4,588,632
Class B Common Shares
Common stock, par value (in usd per share) | $ / shares	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	1,821,587	1,821,587
Common stock, shares outstanding (in shares)	1,821,587	1,821,587

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Revenue:
Revenues		$ 31,438	$ 31,211	$ 62,734	$ 60,482
Cost of revenue:
Cost of revenues		12,577	12,825	25,161	25,192
Gross margin		18,861	18,386	37,573	35,290
Research and development		4,364	4,278	8,818	8,702
Sales and marketing		5,697	5,892	11,609	12,012
General and administrative		6,001	5,476	11,766	10,010
Amortization of acquisition-related intangibles		32	53	56	106
Total operating expenses		16,094	15,699	32,249	30,830
Operating income		2,767	2,687	5,324	4,460
Other income (loss):
Interest income		364	97	573	190
Other, net		(509)	833	(599)	1,177
Earnings before income taxes		2,622	3,617	5,298	5,827
Income tax expense (benefit)		541	303	1,084	(434)
Net earnings		$ 2,081	$ 3,314	$ 4,214	$ 6,261
Earnings per common share
Basic (in usd per share)	[1]	$ 0.06	$ 0.10	$ 0.12	$ 0.19
Cash dividends declared per common share (in usd per share)		$ 0.11	$ 0.11	$ 0.22	$ 0.22
Shares used in the calculation of earnings per common share:
Basic (in shares)		33,720	33,337	33,688	33,195
Diluted (in shares)		34,071	34,685	34,040	34,448
Class A Common Shares
Earnings per common share
Basic (in usd per share)		$ 0.06	$ 0.10	$ 0.12	$ 0.19
Diluted (in usd per share)	[1]	$ 0.06	$ 0.10	$ 0.12	$ 0.18
Shares used in the calculation of earnings per common share:
Basic (in shares)		31,898	31,515	31,866	31,373
Diluted (in shares)		34,072	34,685	34,040	34,448
Class B Common Shares
Earnings per common share
Basic (in usd per share)		$ 0.06	$ 0.10	$ 0.12	$ 0.19
Diluted (in usd per share)		$ 0.06	$ 0.10	$ 0.12	$ 0.19
Shares used in the calculation of earnings per common share:
Basic (in shares)		1,822	1,822	1,822	1,822
Diluted (in shares)		1,822	1,822	1,822	1,822
Subscription fees
Revenue:
Revenues		$ 12,326	$ 10,361	$ 24,388	$ 20,149
Cost of revenue:
Cost of revenues		4,059	3,404	7,677	6,628
License
Revenue:
Revenues		688	805	1,008	1,297
Cost of revenue:
Cost of revenues		94	198	183	357
Professional services and other
Revenue:
Revenues		9,594	10,779	19,603	20,308
Cost of revenue:
Cost of revenues		6,847	7,477	14,151	14,487
Maintenance
Revenue:
Revenues		8,830	9,266	17,735	18,728
Cost of revenue:
Cost of revenues		$ 1,577	$ 1,746	$ 3,150	$ 3,720
[1]Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted earnings per share for Class B shares under the two-class method are $0.06 and $0.10 for the three months ended October 31, 2022 and 2021 and $0.12 and $0.19 for the six months ended October 31, 2022 and 2021. See Note D to the Condensed Consolidated Financial Statements.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands		Total	Class A Common Shares	Class B Common Shares	Common stock Class A Common Shares	Common stock Class B Common Shares	Additional paid-in capital	Retained deficit	Treasury stock
Beginning balance (in shares) at Apr. 30, 2021					35,629,566	1,821,587
Beginning balance at Apr. 30, 2021		$ 122,391			$ 3,563	$ 182	$ 159,492	$ (15,287)	$ (25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)		545,242			545,242
Proceeds from stock options exercised		$ 5,714			$ 54		5,660
Stock-based compensation		1,817					1,817
Net earnings		6,261						6,261
Dividends declared	[1]	(7,336)						(7,336)
Ending balance (in shares) at Oct. 31, 2021					36,174,808	1,821,587
Ending balance at Oct. 31, 2021		128,847			$ 3,617	$ 182	166,969	(16,362)	(25,559)
Beginning balance (in shares) at Jul. 31, 2021					36,028,566	1,821,587
Beginning balance at Jul. 31, 2021		126,534			$ 3,603	$ 182	164,299	(15,991)	(25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)					146,242
Proceeds from stock options exercised		1,642			$ 14		1,628
Stock-based compensation		1,042					1,042
Net earnings		3,314						3,314
Dividends declared	[2]	(3,685)						(3,685)
Ending balance (in shares) at Oct. 31, 2021					36,174,808	1,821,587
Ending balance at Oct. 31, 2021		128,847			$ 3,617	$ 182	166,969	(16,362)	(25,559)
Beginning balance (in shares) at Apr. 30, 2022			36,405,695	1,821,587	36,405,695	1,821,587
Beginning balance at Apr. 30, 2022		$ 132,976			$ 3,641	$ 182	171,948	(17,236)	(25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)		97,800			97,800
Proceeds from stock options exercised		$ 1,145			$ 9		1,136
Stock-based compensation		2,649					2,649
Net earnings		4,214						4,214
Dividends declared	[1]	(7,416)						(7,416)
Ending balance (in shares) at Oct. 31, 2022			36,503,495	1,821,587	36,503,495	1,821,587
Ending balance at Oct. 31, 2022		133,568			$ 3,650	$ 182	175,733	(20,438)	(25,559)
Beginning balance (in shares) at Jul. 31, 2022					36,448,695	1,821,587
Beginning balance at Jul. 31, 2022		133,181			$ 3,645	$ 182	173,721	(18,808)	(25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)	[2]				54,800
Proceeds from stock options exercised	[2]	674			$ 5		669
Stock-based compensation		1,343					1,343
Net earnings		2,081						2,081
Dividends declared		(3,711)						(3,711)
Ending balance (in shares) at Oct. 31, 2022			36,503,495	1,821,587	36,503,495	1,821,587
Ending balance at Oct. 31, 2022		$ 133,568			$ 3,650	$ 182	$ 175,733	$ (20,438)	$ (25,559)
[1]Amounts adjusted for rounding[2]Amounts adjusted for rounding

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Cash flows from operating activities:
Net earnings	$ 3,314	$ 4,214	$ 6,261
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,039	1,601	2,170
Stock-based compensation expense	1,000	2,649	1,817
Net gain on investments		331	(1,193)
Deferred income taxes		(1,999)	(99)
Changes in operating assets and liabilities:
Purchases of trading securities		(7,094)	(174)
Proceeds from maturities and sales of trading securities		784	210
Accounts receivable, net		(3,209)	4,502
Prepaid expenses and other assets		(173)	(2,013)
Accounts payable and other liabilities		(2,420)	(2,595)
Deferred revenue		(5,945)	(1,174)
Net cash (used in) provided by operating activities		(11,261)	7,712
Cash flows from investing activities:
Purchases of property and equipment, net of disposals		(2,706)	(615)
Purchases of business		(6,500)	0
Net cash (used in) investing activities		(9,206)	(615)
Cash flows from financing activities:
Proceeds from exercise of stock options		1,145	5,714
Dividends paid		(7,406)	(7,268)
Net cash (used in) financing activities		(6,261)	(1,554)
Net change in cash and cash equivalents		(26,728)	5,543
Cash and cash equivalents at beginning of period		110,690	88,658
Cash and cash equivalents at end of period	94,201	83,962	94,201
Supplemental disclosure of cash flow information:
Income taxes, net of refunds		$ 2,997	176
Supplemental disclosures of noncash operating, investing and financing activities:
Accrual of dividends payable	$ 3,676		$ 3,676

Presentation and Summary of Sig

Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Oct. 31, 2022
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 October 31, 2022, results of operations for the three and six months ended October 31, 2022 and 2021, consolidated statements of shareholders’ equity for the three and six months ended October 31, 2022 and 2021 and cash flows for the six months ended October 31, 2022 and 2021. The Company’s results for the three months ended October 31, 2022 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, 2022. The terms “fiscal 2023” and “fiscal 2022” refer to our fiscal years ending April 30, 2023 and 2022, 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 revenue and expenses during the reporting period. Note 1 in the Notes to the Consolidated Financial Statements for fiscal 2022 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/reserves and allowances. 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 Accounting Standards Update ("ASU") 2021-08 — In October 2021, the Financial Accounting Standards Board ("FASB") issued ASU 2021-08, "Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ." Under current GAAP, an acquirer generally recognizes assets acquired and liabilities assumed in a business combination, including contract assets and contract liabilities arising from revenue contracts with customers and other similar contracts that are accounted for in accordance with Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("Topic 606"), at fair value on the acquisition date. ASU 2021-08 requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts, which should generally result in an acquirer recognizing and measuring the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements. This update also provides certain practical expedients for acquirers when recognizing and measuring acquired contract assets and contract liabilities from revenue contracts in a business combination. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively to business combinations occurring on or after the effective date of the amendments. Early adoption is permitted, including adoption in an interim period. Adoption during an interim period requires retrospective application to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application. We are evaluating the potential effects of ASU 2021-08 on our consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Oct. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition In accordance with the ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), we recognize revenue when we transfer control of the promised goods or services to our clients, 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 support, hosting and managed services. The Company recognizes revenue in accordance with the following steps: Step 1 - Identification of the Contract with the Client 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. Subscription fees include SaaS revenue 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 client accesses and uses the software on an as needed basis over the Internet or via a dedicated line; however, the client has no right to take delivery of the software. 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 client. Revenue from a SaaS solution is generally recognized ratably over the term of the arrangement. License. Our perpetual software licenses provide the client 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 client. Our perpetual software licenses are sold with maintenance under which we provide clients with telephone consulting, product updates on a when available basis, and releases of new versions of products previously purchased by the client, 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 clients, 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 client 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 immaterial for the three and six months ended October 31, 2022 and October 31, 2021. Maintenance. Revenue is derived from maintenance under which we provide clients with telephone consulting, product updates and releases of new versions of products previously purchased by the client on a when and if available basis, as well as error reporting and correction services. Maintenance for perpetual licenses is renewable, generally on an annual basis, at the option of the client. Maintenance terms typically range from one Indirect Channel Revenue. We record revenue 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 clients on a net basis. Contract Balances. Timing of invoicing to clients may differ from timing of revenue recognition and these timing differences result in unbilled accounts receivables 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 clients. 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 significant financing component. The primary purpose of our invoicing terms is to provide clients 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 client contracts is fixed. We have an unconditional right to consideration for all goods and services transferred to our clients. That unconditional right to consideration is reflected in billed and unbilled accounts receivable in the accompanying Condensed Consolidated Balance Sheets in accordance with Topic 606. Deferred revenue consists of amounts collected prior to having completed the performance of maintenance, SaaS, hosting, and managed services. We typically invoice clients 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 October 31, 2022, we recognized $17.6 million of revenue that was included in the deferred revenue balance as of July 31, 2022. During the six months ended October 31, 2022, we recognized $29.6 million of revenue that was included in the deferred revenue balance as of April 30, 2022. October 31, April 30, (in thousands) Deferred revenue, current 36,008 41,953 Deferred revenue, long-term — — Total deferred revenue $ 36,008 $ 41,953 Remaining Performance Obligations. A performance obligation is a promise in a contract to transfer a distinct good or service to the client 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 client. 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 October 31, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $122.7 million. The Company expects to recognize revenue on approximately 50% of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. Disaggregated Revenue. The Company disaggregates revenue from contracts with clients 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 Six Months Ended 2022 2021 2022 2021 (in thousands) (in thousands) Revenue: Domestic $ 25,570 $ 26,197 $ 51,229 $ 50,624 International 5,868 5,014 11,505 9,858 $ 31,438 $ 31,211 $ 62,734 $ 60,482 Contract Costs. The Company capitalizes the incremental costs of obtaining a contract with a client 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 client 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: • The costs relate directly to a contract or to an anticipated contract that the Company can specifically identify. • 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. • 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 deferred sales commissions—noncurrent, respectively, in the Company’s Condensed Consolidated Balance Sheets. Total deferred commissions at October 31, 2022 and April 30, 2022 were $3.1 million and $3.4 million, respectively. Amortization of sales commissions was $0.4 million and $0.8 million for the three and six months ended October 31, 2022, respectively, and $0.5 million and $1.0 million for the three and six months ended October 31, 2021, 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.

Declaration of Dividend Payable

Declaration of Dividend Payable	6 Months Ended
	Oct. 31, 2022
Dividends [Abstract]
Declaration of Dividend Payable	Declaration of Dividend Payable On August 17, 2022, our Board of Directors declared a quarterly cash dividend of $0.11 per share of our Class A and Class B common stock. The cash dividend is payable on December 2, 2022 to Class A and Class B shareholders of record at the close of business on November 18, 2022.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Oct. 31, 2022
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 260, Earnings Per Share , 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 Six Months Ended Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.22 $ 0.22 Undistributed losses (0.05) (0.05) (0.10) (0.10) Total $ 0.06 $ 0.06 $ 0.12 $ 0.12 Distributed earnings $ 3,511 $ 200 $ 7,016 $ 400 Undistributed losses (1,542) (88) (3,030) (172) Total $ 1,969 $ 112 $ 3,986 $ 228 Basic weighted average common shares outstanding 31,898 1,822 31,866 1,822 Three Months Ended Six Months Ended Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.22 $ 0.22 Undistributed losses (0.01) (0.01) (0.03) (0.03) Total $ 0.10 $ 0.10 $ 0.19 $ 0.19 Distributed earnings $ 3,475 $ 201 $ 6,926 $ 401 Undistributed losses (342) (20) (1,007) (59) Total $ 3,133 $ 181 $ 5,919 $ 342 Basic weighted average common shares outstanding 31,515 1,822 31,373 1,822 Diluted EPS for Class A Common Shares Using the If-Converted Method Three Months Ended October 31, 2022 Undistributed Class A EPS* Per Basic $ 1,969 31,898 $ 0.06 Common Stock Equivalents 352 1,969 32,250 0.06 Class B Common Share Conversion* 112 1,822 Diluted EPS for Class A Common Shares $ 2,081 34,072 $ 0.06 Six Months Ended October 31, 2022 Undistributed Class A EPS* Per Basic* $ 3,986 31,866 $ 0.12 Common Stock Equivalents — 352 3,986 32,218 0.12 Class B Common Share Conversion* 228 1,822 Diluted EPS for Class A Common Shares $ 4,214 34,040 $ 0.12 Three Months Ended October 31, 2021 Undistributed Class A EPS* Per Basic $ 3,133 31,515 $ 0.10 Common Stock Equivalents — 1,348 3,133 32,863 0.10 Class B Common Share Conversion 181 1,822 Diluted EPS for Class A Common Shares $ 3,314 34,685 $ 0.10 Six Months Ended October 31, 2021 Undistributed Class A EPS* Per Basic $ 5,919 31,373 $ 0.19 Common Stock Equivalents — 1,253 5,919 32,626 0.18 Class B Common Share Conversion 342 1,822 Diluted EPS for Class A Common Shares $ 6,261 34,448 $ 0.18 Diluted EPS for Class B Common Shares Using the Two-Class Method Three Months Ended October 31, 2022 Undistributed Class B EPS* Per Basic $ 112 1,822 $ 0.06 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — Diluted EPS for Class B Common Shares $ 113 1,822 $ 0.06 Six Months Ended October 31, 2022 Undistributed Class B EPS* Per Basic* $ 228 1,822 $ 0.12 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 2 — Diluted EPS for Class B Common Shares* $ 230 1,822 $ 0.12 Three Months Ended October 31, 2021 Undistributed Class B EPS* Per Basic $ 181 $ 1,822 $ 0.10 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — Diluted EPS for Class B Common Shares $ 182 1,822 $ 0.10 Six Months Ended October 31, 2021 Undistributed Class B EPS* Per Basic $ 342 $ 1,822 $ 0.19 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 2 — Diluted EPS for Class B Common Shares $ 344 1,822 $ 0.19 _______________ *Amounts adjusted for rounding For the three and six months ended October 31, 2022, we excluded options to purcha se 3,426,398 and 3,286,253 Class A Common Shares, respectively, and for the three and six months ended October 31, 2021, we excluded options to purcha se 1,098,815 and 704,554 Class A Common Shares, respectively, from the computation of diluted earnings per Class A Common Shares. We excluded these option share amounts because the exercise prices of those options were greater than the average market price of the Class A Common Shares during the applicable period. As of October 31, 2022, we had a total of 5,728,204 options outstanding and as of October 31, 2021, we had a total of 4,831,991 options outstanding.

Acquisitions

Acquisitions	6 Months Ended
	Oct. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions We account for business combinations using the acquisition method of accounting and accordingly, the identifiable assets acquired and liabilities assumed are recorded based upon management’s estimates of current fair values as of the acquisition date. The estimation process includes analyses based on income and market approaches. Goodwill represents the excess purchase price over the fair value of net assets, including the amount assigned to identifiable intangible assets. The goodwill generated is due in part to the synergies that are not included in the fair value of identifiable intangible assets. Goodwill recorded in an acquisition is assigned to applicable reporting units based on expected revenues. Identifiable intangible assets with finite lives are amortized over their useful lives. Amortization of current technology is recorded in cost of revenue-subscription fees and amortization of all other intangible assets is recorded in amortization of acquisition-related intangibles. Acquisition-related costs, including advisory, legal, accounting, valuation and other costs, are expensed in general and administrative expenses in the periods in which such costs are incurred. The results of operations of acquired businesses are included in the Condensed Consolidated Financial Statements from the acquisition date. Effective June 28, 2022, the Company acquired certain assets of privately-held Starboard Solutions Corp., a Michigan based innovator of supply chain network design software (“Starboard”), pursuant to the terms of an asset purchase agreement, dated as of June 28, 2022 (the “Purchase Agreement”). Starboard creates an interactive supply chain digital twin of the physical supply chain network and uses gaming technology to provide an intuitive user experience where users can easily explore answers to various "what if" questions. Starboard offers a unique supply chain visualization solution that can optimize for unknown locations, meaning users do not have to map their plans to a physical location. Applying Starboard’s rich set of reference costs with Logility’s lane rates and time data structures, users have the ability to quickly analyze options in regions for which they have no prior data and locate the absolute best location for future plants, warehouses or Third-party logistic locations ("3PL") locations. The intuitive design and ease of configuration makes the Starboard network design solution stand out. The solution is built for continuous use, eliminating the need for a consulting project to model potential resolutions to unexpected supply chain disruptions. The integration of Starboard’s capabilities into the Logility Digital Supply Chain Platform will offer supply chain leaders enhanced integrated business planning outcomes. Users will be able to model a response to disruptions and update their operating plan within the Logility Digital Supply Chain Platform in minutes to enact the new operating paradigm. Under the terms of the Purchase Agreement, the Company acquired the assets in exchange for a purchase price of approximately $6.5 million in cash, subject to certain post-closing adjustments, plus up to a maximum aggregate amount of $6.0 million (the "Aggregate Maximum Earnout Payment") of contingent earnout payments upon satisfaction of certain subscription revenue targets over a three year earnout period (the "Earnout Period"). For each year of the Earnout Period (each, a "Calculation Period"), the Company will pay, as additional consideration, $2.0 million once subscription revenue (i.e., revenue contracted for and recorded as revenue in accordance with GAAP) for the applicable Calculation Period equals $1.5 million, plus one dollar of additional consideration for each dollar of subscription revenue in excess of $1.5 million, subject to the Aggregate Maximum Earnout Payment. If the subscription revenue for each Calculation Period is less than $1.5 million, no additional payment shall be due for such Calculation Period. The contingent earnout payments are subject to the recipient's continued service with the Company; therefore, any additional consideration will be accounted for as post-combination services and will be expensed as incurred. The Company incurred acquisition costs of approximately $81,500 and $136,000 during the three and six months ended October 31, 2022, respectively. The operating results of Starboard are not material for proforma disclosure. We allocated $3.7 million of the total purchase price to goodwill, which has been assigned to the Supply Chain Management segment and is deductible for income tax purposes. The purchase price allocation herein is preliminary. The final purchase price allocation will be determined after completion of a thorough analysis to determine the fair value of all assets acquired and liabilities assumed, but in no event later than one year following completion of the acquisition. Accordingly, the final acquisition accounting adjustments could differ materially from the pro forma adjustments presented herein. Any increase or decrease in the fair value of the assets acquired and liabilities assumed, as compared to the information shown herein, could also change the portion of purchase price allocated to goodwill and could impact the operating results of the Company following the acquisition due to differences in purchase price allocation, depreciation and amortization related to some of these assets and liabilities. The acquisition-date fair value of the consideration transferred is as follows (in thousands): Useful Life Other assets 340 Goodwill 3,670 Non-compete 170 5 years Current technology 2,500 3 years Customer relationships 160 6 years Total assets acquired 6,840 Long-term liabilities (340) Net assets acquired $ 6,500

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Oct. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation During the six months ended October 31, 2022 and 2021, we granted options for 1,424,000 and 1,308,500 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 $1.3 million and $1.0 million and income tax benefits of approximately $29,000 and $439,000 from option exercises during the three months ended October 31, 2022 and 2021, respectively. We recorded stock option compensation cost of approximately $2.6 million and $1.8 million and income tax benefits of approximately $63,000 and $1,616,000 from option exercises during the six months ended October 31, 2022 and 2021, respectively. We record stock-based compensation expense on a straight-line basis over the vesting period directly to additional paid-in capital. During the six months ended October 31, 2022 and 2021, we issued 97,800 and 545,242 shares of Class A common stock, respectively, resulting from the exercise of stock options. The total intrinsic value of options exercised during the six months ended October 31, 2022 and 2021 based on market value at the exercise dates was approximately $0.5 million and $7.6 million, respectively. As of October 31, 2022, unrecognized compensation cost related to unvested stock option awards approximated $15.7 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	6 Months Ended
	Oct. 31, 2022
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 October 31, 2022 and April 30, 2022, and indicate the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): October 31, 2022 Quoted Prices Significant Significant Balance Cash equivalents $ 77,498 $ — $ — $ 77,498 Marketable securities 22,805 — — 22,805 Total $ 100,303 $ — $ — $ 100,303 April 30, 2022 Quoted Prices Significant Significant Balance Cash equivalents 98,459 — — 98,459 Marketable securities 16,826 — — 16,826 Total 115,285 — — 115,285

Stock Repurchases

Stock Repurchases	6 Months Ended
	Oct. 31, 2022
Equity [Abstract]
Stock Repurchases	Stock RepurchasesOn 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 2023. As of October 31, 2022, under all repurchase plans previously authorized, including this most recent plan, we have repurchased a total of 4,588,632 shares of common stock at a cost of approximately $25.6 million.

Comprehensive Income

Comprehensive Income	6 Months Ended
	Oct. 31, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Comprehensive Income	Comprehensive IncomeWe have not included Condensed Consolidated Statements of Comprehensive Income in the accompanying unaudited Condensed Consolidated Financial Statements since comprehensive income and net earnings presented in the accompanying Condensed Consolidated Statements of Operations would be substantially the same.

Industry Segments

Industry Segments	6 Months Ended
	Oct. 31, 2022
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 Chief Executive Officer and President and our Chief Financial Officer. 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 that includes an allocation of common expenses, but excludes certain unallocated corporate expenses, which are 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. The three operating segments are: (1) Supply Chain Management (“SCM”), (2) Information Technology Consulting (“IT Consulting”) and (3) Other. The SCM segment leverages a single platform spanning seven supply chain process areas, including product, demand, inventory, supply, deploy, integrated business planning and supply chain data management. The IT Consulting segment consists of The Proven Method, Inc., an IT staffing and consulting services firm. The Other segment consists of (i) American Software ERP, which provides purchasing and materials management, client order processing, financial, e-commerce and traditional manufacturing solutions, and (ii) unallocated corporate overhead expenses. All of our revenue is derived from external clients. We do not have any inter-segment revenue. Our income taxes and dividends are paid at a consolidated level. Consequently, it is not practical to show these items by operating segment. In the following table, we have broken down the intersegment transactions applicable to the three and six months ended October 31, 2022 and 2021 (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Revenue: Supply Chain Management $ 26,752 $ 25,380 $ 52,934 $ 49,631 IT Consulting 4,159 5,226 8,674 9,702 Other 527 605 1,126 1,149 $ 31,438 $ 31,211 $ 62,734 $ 60,482 Operating income\(loss): Supply Chain Management $ 7,646 $ 6,718 $ 14,825 $ 12,073 IT Consulting 217 336 432 499 Other (5,096) (4,367) (9,933) (8,112) $ 2,767 $ 2,687 $ 5,324 $ 4,460 Capital expenditures: Supply Chain Management $ 151 $ 313 $ 1,590 $ 615 IT Consulting — — — — Other 983 — 1,116 — $ 1,134 $ 313 $ 2,706 $ 615 Depreciation and amortization: Supply Chain Management $ 714 $ 948 $ 1,367 $ 1,982 IT Consulting — — — — Other 119 91 234 188 $ 833 $ 1,039 $ 1,601 $ 2,170 Earnings\(loss) before income taxes: Supply Chain Management $ 7,572 $ 6,657 $ 14,601 $ 11,919 IT Consulting 217 336 433 499 Other (5,167) (3,376) (9,736) (6,591) $ 2,622 $ 3,617 $ 5,298 $ 5,827

Major Clients

Major Clients	6 Months Ended
	Oct. 31, 2022
Segment Reporting [Abstract]
Major Clients	Major ClientsNo single client accounted for more than 10% of total revenue for the three and six months ended October 31, 2022 and 2021.

Contingencies

Contingencies	6 Months Ended
	Oct. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies The Company more often than not indemnifies its clients against damages and costs resulting from third party claims of intellectual property infringement associated with use of the Company’s products. The Company historically has not been required to make any payments under such indemnification obligations. However, the Company continues to monitor the circumstances that are subject to indemnification to identify whether it is probable that a loss has occurred, and would recognize any such losses under such indemnification obligations when they are estimable. In addition, the Company warrants to clients that the Company’s products operate substantially in accordance with the software product’s specifications. Historically, no costs have been incurred related to software product warranties and none are expected in the future, and as such no accruals for software product warranty costs have been made. Additionally, the Company is 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 the financial position or results of operations of the Company.

Subsequent Event

Subsequent Event	6 Months Ended
	Oct. 31, 2022
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventOn November 16, 2022, 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 17, 2023 to Class A and Class B shareholders of record at the close of business on February 3, 2023.

Presentation and Summary of S_2

Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 31, 2022
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 October 31, 2022, results of operations for the three and six months ended October 31, 2022 and 2021, consolidated statements of shareholders’ equity for the three and six months ended October 31, 2022 and 2021 and cash flows for the six months ended October 31, 2022 and 2021. The Company’s results for the three months ended October 31, 2022 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, 2022. The terms “fiscal 2023” and “fiscal 2022” refer to our fiscal years ending April 30, 2023 and 2022, respectively.
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 Accounting Standards Update ("ASU") 2021-08 — In October 2021, the Financial Accounting Standards Board ("FASB") issued ASU 2021-08, "Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ." Under current GAAP, an acquirer generally recognizes assets acquired and liabilities assumed in a business combination, including contract assets and contract liabilities arising from revenue contracts with customers and other similar contracts that are accounted for in accordance with Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers ("Topic 606"), at fair value on the acquisition date. ASU 2021-08 requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. At the acquisition date, an acquirer should account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts, which should generally result in an acquirer recognizing and measuring the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements. This update also provides certain practical expedients for acquirers when recognizing and measuring acquired contract assets and contract liabilities from revenue contracts in a business combination. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively to business combinations occurring on or after the effective date of the amendments. Early adoption is permitted, including adoption in an interim period. Adoption during an interim period requires retrospective application to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application. We are evaluating the potential effects of ASU 2021-08 on our consolidated financial statements.
Revenue Recognition	Revenue Recognition In accordance with the ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), we recognize revenue when we transfer control of the promised goods or services to our clients, 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 support, hosting and managed services. The Company recognizes revenue in accordance with the following steps: Step 1 - Identification of the Contract with the Client 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. Subscription fees include SaaS revenue 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 client accesses and uses the software on an as needed basis over the Internet or via a dedicated line; however, the client has no right to take delivery of the software. 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 client. Revenue from a SaaS solution is generally recognized ratably over the term of the arrangement. License. Our perpetual software licenses provide the client 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 client. Our perpetual software licenses are sold with maintenance under which we provide clients with telephone consulting, product updates on a when available basis, and releases of new versions of products previously purchased by the client, 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 clients, 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 client 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 immaterial for the three and six months ended October 31, 2022 and October 31, 2021. Maintenance. Revenue is derived from maintenance under which we provide clients with telephone consulting, product updates and releases of new versions of products previously purchased by the client on a when and if available basis, as well as error reporting and correction services. Maintenance for perpetual licenses is renewable, generally on an annual basis, at the option of the client. Maintenance terms typically range from one Indirect Channel Revenue. We record revenue 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 clients on a net basis. Contract Balances. Timing of invoicing to clients may differ from timing of revenue recognition and these timing differences result in unbilled accounts receivables 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 clients. 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 significant financing component. The primary purpose of our invoicing terms is to provide clients 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 client contracts is fixed. We have an unconditional right to consideration for all goods and services transferred to our clients. That unconditional right to consideration is reflected in billed and unbilled accounts receivable in the accompanying Condensed Consolidated Balance Sheets in accordance with Topic 606. Deferred revenue consists of amounts collected prior to having completed the performance of maintenance, SaaS, hosting, and managed services. We typically invoice clients 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 October 31, 2022, we recognized $17.6 million of revenue that was included in the deferred revenue balance as of July 31, 2022. During the six months ended October 31, 2022, we recognized $29.6 million of revenue that was included in the deferred revenue balance as of April 30, 2022. October 31, April 30, (in thousands) Deferred revenue, current 36,008 41,953 Deferred revenue, long-term — — Total deferred revenue $ 36,008 $ 41,953 Remaining Performance Obligations. A performance obligation is a promise in a contract to transfer a distinct good or service to the client 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 client. 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 October 31, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $122.7 million. The Company expects to recognize revenue on approximately 50% of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. Disaggregated Revenue. The Company disaggregates revenue from contracts with clients 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 Six Months Ended 2022 2021 2022 2021 (in thousands) (in thousands) Revenue: Domestic $ 25,570 $ 26,197 $ 51,229 $ 50,624 International 5,868 5,014 11,505 9,858 $ 31,438 $ 31,211 $ 62,734 $ 60,482 Contract Costs. The Company capitalizes the incremental costs of obtaining a contract with a client 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 client 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: • The costs relate directly to a contract or to an anticipated contract that the Company can specifically identify. • 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. • 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 deferred sales commissions—noncurrent, respectively, in the Company’s Condensed Consolidated Balance Sheets. Total deferred commissions at October 31, 2022 and April 30, 2022 were $3.1 million and $3.4 million, respectively. Amortization of sales commissions was $0.4 million and $0.8 million for the three and six months ended October 31, 2022, respectively, and $0.5 million and $1.0 million for the three and six months ended October 31, 2021, 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.
Acquisitions	We account for business combinations using the acquisition method of accounting and accordingly, the identifiable assets acquired and liabilities assumed are recorded based upon management’s estimates of current fair values as of the acquisition date. The estimation process includes analyses based on income and market approaches. Goodwill represents the excess purchase price over the fair value of net assets, including the amount assigned to identifiable intangible assets. The goodwill generated is due in part to the synergies that are not included in the fair value of identifiable intangible assets. Goodwill recorded in an acquisition is assigned to applicable reporting units based on expected revenues. Identifiable intangible assets with finite lives are amortized over their useful lives. Amortization of current technology is recorded in cost of revenue-subscription fees and amortization of all other intangible assets is recorded in amortization of acquisition-related intangibles. Acquisition-related costs, including advisory, legal, accounting, valuation and other costs, are expensed in general and administrative expenses in the periods in which such costs are incurred. The results of operations of acquired businesses are included in the Condensed Consolidated Financial Statements from the acquisition date.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Oct. 31, 2022
Revenue from Contract with Customer [Abstract]
Summary of Contract Balances	October 31, April 30, (in thousands) Deferred revenue, current 36,008 41,953 Deferred revenue, long-term — — Total deferred revenue $ 36,008 $ 41,953
Schedule of Revenue by Geography	The Company’s revenue by geography is as follows: Three Months Ended Six Months Ended 2022 2021 2022 2021 (in thousands) (in thousands) Revenue: Domestic $ 25,570 $ 26,197 $ 51,229 $ 50,624 International 5,868 5,014 11,505 9,858 $ 31,438 $ 31,211 $ 62,734 $ 60,482

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Oct. 31, 2022
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 Six Months Ended Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.22 $ 0.22 Undistributed losses (0.05) (0.05) (0.10) (0.10) Total $ 0.06 $ 0.06 $ 0.12 $ 0.12 Distributed earnings $ 3,511 $ 200 $ 7,016 $ 400 Undistributed losses (1,542) (88) (3,030) (172) Total $ 1,969 $ 112 $ 3,986 $ 228 Basic weighted average common shares outstanding 31,898 1,822 31,866 1,822 Three Months Ended Six Months Ended Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.22 $ 0.22 Undistributed losses (0.01) (0.01) (0.03) (0.03) Total $ 0.10 $ 0.10 $ 0.19 $ 0.19 Distributed earnings $ 3,475 $ 201 $ 6,926 $ 401 Undistributed losses (342) (20) (1,007) (59) Total $ 3,133 $ 181 $ 5,919 $ 342 Basic weighted average common shares outstanding 31,515 1,822 31,373 1,822
Diluted Earnings Per Share for Class A Common Shares Using If-Converted Method	Diluted EPS for Class A Common Shares Using the If-Converted Method Three Months Ended October 31, 2022 Undistributed Class A EPS* Per Basic $ 1,969 31,898 $ 0.06 Common Stock Equivalents 352 1,969 32,250 0.06 Class B Common Share Conversion* 112 1,822 Diluted EPS for Class A Common Shares $ 2,081 34,072 $ 0.06 Six Months Ended October 31, 2022 Undistributed Class A EPS* Per Basic* $ 3,986 31,866 $ 0.12 Common Stock Equivalents — 352 3,986 32,218 0.12 Class B Common Share Conversion* 228 1,822 Diluted EPS for Class A Common Shares $ 4,214 34,040 $ 0.12 Three Months Ended October 31, 2021 Undistributed Class A EPS* Per Basic $ 3,133 31,515 $ 0.10 Common Stock Equivalents — 1,348 3,133 32,863 0.10 Class B Common Share Conversion 181 1,822 Diluted EPS for Class A Common Shares $ 3,314 34,685 $ 0.10 Six Months Ended October 31, 2021 Undistributed Class A EPS* Per Basic $ 5,919 31,373 $ 0.19 Common Stock Equivalents — 1,253 5,919 32,626 0.18 Class B Common Share Conversion 342 1,822 Diluted EPS for Class A Common Shares $ 6,261 34,448 $ 0.18
Diluted Earnings Per Share for Class B Common Shares Using Two-Class Method	Diluted EPS for Class B Common Shares Using the Two-Class Method Three Months Ended October 31, 2022 Undistributed Class B EPS* Per Basic $ 112 1,822 $ 0.06 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — Diluted EPS for Class B Common Shares $ 113 1,822 $ 0.06 Six Months Ended October 31, 2022 Undistributed Class B EPS* Per Basic* $ 228 1,822 $ 0.12 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 2 — Diluted EPS for Class B Common Shares* $ 230 1,822 $ 0.12 Three Months Ended October 31, 2021 Undistributed Class B EPS* Per Basic $ 181 $ 1,822 $ 0.10 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — Diluted EPS for Class B Common Shares $ 182 1,822 $ 0.10 Six Months Ended October 31, 2021 Undistributed Class B EPS* Per Basic $ 342 $ 1,822 $ 0.19 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 2 — Diluted EPS for Class B Common Shares $ 344 1,822 $ 0.19 _______________ *Amounts adjusted for rounding

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Oct. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The acquisition-date fair value of the consideration transferred is as follows (in thousands): Useful Life Other assets 340 Goodwill 3,670 Non-compete 170 5 years Current technology 2,500 3 years Customer relationships 160 6 years Total assets acquired 6,840 Long-term liabilities (340) Net assets acquired $ 6,500

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Oct. 31, 2022
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 October 31, 2022 and April 30, 2022, and indicate the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): October 31, 2022 Quoted Prices Significant Significant Balance Cash equivalents $ 77,498 $ — $ — $ 77,498 Marketable securities 22,805 — — 22,805 Total $ 100,303 $ — $ — $ 100,303 April 30, 2022 Quoted Prices Significant Significant Balance Cash equivalents 98,459 — — 98,459 Marketable securities 16,826 — — 16,826 Total 115,285 — — 115,285

Industry Segments (Tables)

Industry Segments (Tables)	6 Months Ended
	Oct. 31, 2022
Segment Reporting [Abstract]
Segment Operating Profit or Loss	In the following table, we have broken down the intersegment transactions applicable to the three and six months ended October 31, 2022 and 2021 (in thousands): Three Months Ended October 31, Six Months Ended October 31, 2022 2021 2022 2021 Revenue: Supply Chain Management $ 26,752 $ 25,380 $ 52,934 $ 49,631 IT Consulting 4,159 5,226 8,674 9,702 Other 527 605 1,126 1,149 $ 31,438 $ 31,211 $ 62,734 $ 60,482 Operating income\(loss): Supply Chain Management $ 7,646 $ 6,718 $ 14,825 $ 12,073 IT Consulting 217 336 432 499 Other (5,096) (4,367) (9,933) (8,112) $ 2,767 $ 2,687 $ 5,324 $ 4,460 Capital expenditures: Supply Chain Management $ 151 $ 313 $ 1,590 $ 615 IT Consulting — — — — Other 983 — 1,116 — $ 1,134 $ 313 $ 2,706 $ 615 Depreciation and amortization: Supply Chain Management $ 714 $ 948 $ 1,367 $ 1,982 IT Consulting — — — — Other 119 91 234 188 $ 833 $ 1,039 $ 1,601 $ 2,170 Earnings\(loss) before income taxes: Supply Chain Management $ 7,572 $ 6,657 $ 14,601 $ 11,919 IT Consulting 217 336 433 499 Other (5,167) (3,376) (9,736) (6,591) $ 2,622 $ 3,617 $ 5,298 $ 5,827

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021	Apr. 30, 2022
Revenue Recognition [Line Items]
Deferred revenue recognized	$ 17.6		$ 29.6
Deferred commissions	3.1		3.1		$ 3.4
Amortization of sales commissions	0.4	$ 0.8	0.5	$ 1
Impairment loss	$ 0	$ 0	$ 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

Revenue Recognition - Summary o

Revenue Recognition - Summary of Contract Balances (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Contract Balances:
Deferred revenue, current	$ 36,008	$ 41,953
Deferred revenue, long-term	0	0
Total deferred revenue	$ 36,008	$ 41,953

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Millions	Oct. 31, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Transaction price allocated to remaining performance obligations	$ 122.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining revenue to be recognized	50%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Revenues:
Revenues	$ 31,438	$ 31,211	$ 62,734	$ 60,482
Domestic
Revenues:
Revenues	25,570	26,197	51,229	50,624
International
Revenues:
Revenues	$ 5,868	$ 5,014	$ 11,505	$ 9,858

Declaration of Dividend Payab_2

Declaration of Dividend Payable (Details) - $ / shares		3 Months Ended		6 Months Ended
	Aug. 17, 2022	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Dividends [Abstract]
Cash dividends declared per common share (in usd per share)	$ 0.11	$ 0.11	$ 0.11	$ 0.22	$ 0.22

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Oct. 31, 2022 shares	Oct. 31, 2021 shares	Oct. 31, 2022 $ / shares shares	Oct. 31, 2021 shares	Apr. 30, 2022
Earnings Per Share [Line Items]
Share conversion ratio			1		1
Options to purchase excluded (in shares)	3,426,398	1,098,815	3,286,253	704,554
Options to purchase outstanding (in shares)	5,728,204	4,831,991	5,728,204	4,831,991
Class A Common Shares
Earnings Per Share [Line Items]
Dividends preference (in usd per share) | $ / shares			$ 0.05

Earnings Per Common Share - Bas

Earnings Per Common Share - Basic Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total (in usd per share)	[1]	$ 0.06	$ 0.10	$ 0.12	$ 0.19
Basic weighted average common shares outstanding (in shares)		33,720	33,337	33,688	33,195
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	$ 0.22	$ 0.22
Undistributed losses (in usd per share)		(0.05)	(0.01)	(0.10)	(0.03)
Total (in usd per share)		$ 0.06	$ 0.10	$ 0.12	$ 0.19
Distributed earnings		$ 3,511	$ 3,475	$ 7,016	$ 6,926
Undistributed losses		(1,542)	(342)	(3,030)	(1,007)
Total		$ 1,969	$ 3,133	$ 3,986	$ 5,919
Basic weighted average common shares outstanding (in shares)		31,898	31,515	31,866	31,373
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	$ 0.22	$ 0.22
Undistributed losses (in usd per share)		(0.05)	(0.01)	(0.10)	(0.03)
Total (in usd per share)		$ 0.06	$ 0.10	$ 0.12	$ 0.19
Distributed earnings		$ 200	$ 201	$ 400	$ 401
Undistributed losses		(88)	(20)	(172)	(59)
Total		$ 112	$ 181	$ 228	$ 342
Basic weighted average common shares outstanding (in shares)		1,822	1,822	1,822	1,822
[1]Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted earnings per share for Class B shares under the two-class method are $0.06 and $0.10 for the three months ended October 31, 2022 and 2021 and $0.12 and $0.19 for the six months ended October 31, 2022 and 2021. See Note D to the Condensed Consolidated Financial Statements.

Earnings Per Common Share - Dil

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		6 Months Ended
		Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding (in shares)		33,720	33,337	33,688	33,195
Class A common shares diluted (in shares)		34,071	34,685	34,040	34,448
Basic EPS (in usd per share)	[1]	$ 0.06	$ 0.10	$ 0.12	$ 0.19
Class A Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed and distributed earnings		$ 1,969	$ 3,133	$ 3,986	$ 5,919
Undistributed and distributed earnings, class B conversion		112	181	228	342
Net earnings		$ 2,081	$ 3,314	$ 4,214	$ 6,261
Basic weighted average common shares outstanding (in shares)		31,898	31,515	31,866	31,373
Common stock equivalents (in shares)		352	1,348	352	1,253
Weighted average shares including common stock equivalents, diluted (in shares)		32,250	32,863	32,218	32,626
Class B conversion (in shares)		1,822	1,822	1,822	1,822
Class A common shares diluted (in shares)		34,072	34,685	34,040	34,448
Basic EPS (in usd per share)		$ 0.06	$ 0.10	$ 0.12	$ 0.19
Diluted EPS (in usd per share)	[1]	$ 0.06	$ 0.10	$ 0.12	$ 0.18
[1]Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted earnings per share for Class B shares under the two-class method are $0.06 and $0.10 for the three months ended October 31, 2022 and 2021 and $0.12 and $0.19 for the six months ended October 31, 2022 and 2021. See Note D to the Condensed Consolidated Financial Statements.

Earnings Per Common Share - D_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		6 Months Ended
		Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding (in shares)		33,720	33,337	33,688	33,195
Diluted EPS for class B common shares (in shares)		34,071	34,685	34,040	34,448
Basic EPS (in usd per share)	[1]	$ 0.06	$ 0.10	$ 0.12	$ 0.19
Class B Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed and distributed earnings		$ 112	$ 181	$ 228	$ 342
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares		1	1	2	2
Net earnings		$ 113	$ 182	$ 230	$ 344
Basic weighted average common shares outstanding (in shares)		1,822	1,822	1,822	1,822
Diluted EPS for class B common shares (in shares)		1,822	1,822	1,822	1,822
Basic EPS (in usd per share)		$ 0.06	$ 0.10	$ 0.12	$ 0.19
Diluted EPS (in usd per share)		$ 0.06	$ 0.10	$ 0.12	$ 0.19
[1]Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Class A shares are shown above. Diluted earnings per share for Class B shares under the two-class method are $0.06 and $0.10 for the three months ended October 31, 2022 and 2021 and $0.12 and $0.19 for the six months ended October 31, 2022 and 2021. See Note D to the Condensed Consolidated Financial Statements.

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($)		3 Months Ended	6 Months Ended
	Jun. 28, 2022	Oct. 31, 2022	Oct. 31, 2022	Apr. 30, 2022
Business Acquisition [Line Items]
Goodwill		$ 29,558,000	$ 29,558,000	$ 25,888,000
Starboard
Business Acquisition [Line Items]
Cash consideration paid	$ 6,500,000
Maximum contingent consideration	$ 6,000,000
Earnout period	3 years
Additional consideration	$ 2,000,000
Additional consideration, revenue threshold	1,500,000
Additional consideration per dollar of subscription revenue	1
Business acquisition costs incurred		$ 81,500	$ 136,000
Pro forma results	0
Goodwill	$ 3,670,000

Acquisitions - Allocation of To

Acquisitions - Allocation of Total Purchase Price (Details) - USD ($) $ in Thousands	Jun. 28, 2022	Oct. 31, 2022	Apr. 30, 2022
Business Acquisition [Line Items]
Goodwill		$ 29,558	$ 25,888
Starboard
Business Acquisition [Line Items]
Other assets	$ 340
Goodwill	3,670
Total assets acquired	6,840
Long-term liabilities	(340)
Net assets acquired	6,500
Non-compete | Starboard
Business Acquisition [Line Items]
Intangible assets	$ 170
Useful Life	5 years
Current technology | Starboard
Business Acquisition [Line Items]
Intangible assets	$ 2,500
Useful Life	3 years
Customer relationships | Starboard
Business Acquisition [Line Items]
Intangible assets	$ 160
Useful Life	6 years

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Share-Based Payment Arrangement [Abstract]
Option to purchase common stock (in shares)			1,424,000	1,308,500
Stock-based compensation expense	$ 1,300	$ 1,000	$ 2,649	$ 1,817
Income tax excess benefit	29	$ 439	$ 63	$ 1,616
Stock options exercised (in shares)			97,800	545,242
Total intrinsic value of options exercised			$ 500	$ 7,600
Unrecognized compensation cost related to unvested stock option	$ 15,700		$ 15,700
Weighted average period for unrecognized compensation cost			1 year 11 months 15 days

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Oct. 31, 2022	Apr. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 77,498	$ 98,459
Marketable securities	22,805	16,826
Total	100,303	115,285
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	77,498	98,459
Marketable securities	22,805	16,826
Total	100,303	115,285
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	0	0
Total	0	0
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	6 Months Ended	242 Months Ended
	Oct. 31, 2022	Oct. 31, 2022	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 (in shares)			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)	6 Months Ended
	Oct. 31, 2022 supplyChain segment
Segment Reporting [Abstract]
Number of major operating segments | segment	3
Number of supply chain process areas | supplyChain	7

Industry Segments - Segment Inf

Industry Segments - Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Segment Reporting Information [Line Items]
Revenues	$ 31,438	$ 31,211	$ 62,734	$ 60,482
Operating income\(loss)	2,767	2,687	5,324	4,460
Capital expenditures	1,134	313	2,706	615
Depreciation and amortization	833	1,039	1,601	2,170
Earnings\(loss) before income taxes	2,622	3,617	5,298	5,827
Supply Chain Management
Segment Reporting Information [Line Items]
Revenues	26,752	25,380	52,934	49,631
Operating income\(loss)	7,646	6,718	14,825	12,073
Capital expenditures	151	313	1,590	615
Depreciation and amortization	714	948	1,367	1,982
Earnings\(loss) before income taxes	7,572	6,657	14,601	11,919
IT Consulting
Segment Reporting Information [Line Items]
Revenues	4,159	5,226	8,674	9,702
Operating income\(loss)	217	336	432	499
Capital expenditures	0	0	0	0
Depreciation and amortization	0	0	0	0
Earnings\(loss) before income taxes	217	336	433	499
Other
Segment Reporting Information [Line Items]
Revenues	527	605	1,126	1,149
Operating income\(loss)	(5,096)	(4,367)	(9,933)	(8,112)
Capital expenditures	983	0	1,116	0
Depreciation and amortization	119	91	234	188
Earnings\(loss) before income taxes	$ (5,167)	$ (3,376)	$ (9,736)	$ (6,591)

Subsequent Event (Details)

Subsequent Event (Details) - $ / shares			3 Months Ended		6 Months Ended
	Nov. 16, 2022	Aug. 17, 2022	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2022	Oct. 31, 2021
Subsequent Event [Line Items]
Cash dividends declared per common share (in usd per share)		$ 0.11	$ 0.11	$ 0.11	$ 0.22	$ 0.22
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share (in usd per share)	$ 0.11