Logility Supply Chain Solutions (LGTY) 10-Q 1 Mar 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Jan. 31, 2024	Feb. 28, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2024
Document Transition Report	false
Entity File Number	000-12456
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	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
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		31,398,542
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	Jan. 31, 2024	Apr. 30, 2023
Current assets:
Cash and cash equivalents	$ 55,854	$ 90,059
Investments	22,454	23,451
Trade accounts receivable, net
Billed	22,796	23,476
Unbilled	1,343	1,569
Prepaid expenses and other current assets	6,973	7,831
Current assets of discontinued operations	0	3,603
Total current assets	109,420	149,989
Investments—noncurrent	0	486
Property and equipment, net of accumulated depreciation of $32,454 at January 31, 2024 and $32,371 at April 30, 2023	5,897	6,444
Capitalized software, net of accumulated amortization of $43,534 at January 31, 2024 and $43,202 at April 30, 2023	59	391
Goodwill	46,393	29,558
Other intangibles, net of accumulated amortization of $16,258 at January 31, 2024 and $14,062 at April 30, 2023	10,948	2,143
Other assets	6,311	6,609
Total assets	179,028	195,620
Current liabilities:
Accounts payable	1,086	2,131
Accrued compensation and related costs	2,516	4,077
Dividends payable	3,654	3,756
Other current liabilities	3,275	3,638
Deferred revenue	37,154	43,124
Current liabilities of discontinued operations	0	318
Total current liabilities	47,685	57,044
Other long-term liabilities	249	288
Total liabilities	47,934	57,332
Shareholders’ equity:
Additional paid-in capital	187,731	182,722
Retained deficit	(24,718)	(22,748)
Class A treasury stock, 5,534,953 shares at January 31, 2024 and 4,588,632 shares at April 30, 2023, at cost	(35,794)	(25,559)
Total shareholders’ equity	131,094	138,288
Commitments and contingencies
Total liabilities and shareholders’ equity	179,028	195,620
Class A Common Shares
Shareholders’ equity:
Common stock value	3,693	3,691
Class B Common Shares
Shareholders’ equity:
Common stock value	$ 182	$ 182

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) $ in Thousands	9 Months Ended	12 Months Ended
	Jan. 31, 2024 USD ($) $ / shares shares	Apr. 30, 2023 USD ($) $ / shares shares
Allowance for doubtful accounts receivable | $	$ 220	$ 418
Property and equipment, accumulated depreciation | $	32,454	32,371
Capitalized software, accumulated amortization | $	43,534	43,202
Other intangibles, accumulated amortization | $	$ 16,258	$ 14,062
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)	36,933,495	36,907,242
Common stock, shares outstanding (in shares)	31,398,542	32,318,610
Class A treasury stock shares (in shares)	5,534,953	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		9 Months Ended
		Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Revenues:
Revenues		$ 25,536	$ 27,427	$ 77,127	$ 81,487
Cost of revenues:
Cost of revenues		9,090	9,468	27,423	27,662
Gross margin		16,446	17,959	49,704	53,825
Research and development		4,546	4,402	13,064	13,220
Sales and marketing		5,039	4,904	16,083	15,537
General and administrative		5,853	5,883	16,775	17,350
Amortization of acquisition-related intangibles		193	25	346	81
Total operating expenses		15,631	15,214	46,268	46,188
Operating income		815	2,745	3,436	7,637
Other income:
Interest income		777	701	2,938	1,274
Other, net		3,640	633	2,788	34
Earnings before income taxes		5,232	4,079	9,162	8,945
Income tax expense		1,080	907	1,775	1,882
Net earnings from continuing operations		4,152	3,172	7,387	7,063
Discontinued operations (Note F)
Earnings from operations of discontinued operations		0	88	255	475
Gain on disposal of discontinued operations		0	0	2,124	0
Income tax expense		64	43	567	152
Earnings (loss) from discontinued operations, net of income taxes		(64)	45	1,812	323
Net earnings		$ 4,088	$ 3,217	$ 9,199	$ 7,386
Earnings per common share from continuing operations (a):
Basic (in usd per share)	[1]	$ 0.12	$ 0.09	$ 0.22	$ 0.21
Diluted (in usd per share)	[1]	0.12	0.09	0.22	0.21
Earnings per common share from discontinued operations (a):
Basic (in usd per share)	[1]	0	0	0.05	0.01
Diluted (in usd per share)	[1]	0	0	0.05	0.01
Earnings per common share: (a)
Basic (in usd per share)	[1]	0.12	0.09	0.27	0.22
Diluted (in usd per share)	[1]	0.12	0.09	0.27	0.22
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)		33,292	33,759	33,842	33,711
Diluted (in shares)		33,337	33,965	33,866	34,006
Subscription fees
Revenues:
Revenues		$ 14,114	$ 13,003	$ 41,235	$ 37,391
Cost of revenues:
Cost of revenues		4,944	4,005	13,768	11,682
License
Revenues:
Revenues		277	1,017	795	2,025
Cost of revenues:
Cost of revenues		3	358	168	541
Professional services and other
Revenues:
Revenues		3,418	4,758	11,107	15,687
Cost of revenues:
Cost of revenues		2,694	3,498	8,610	10,682
Maintenance
Revenues:
Revenues		7,727	8,649	23,990	26,384
Cost of revenues:
Cost of revenues		$ 1,449	$ 1,607	$ 4,877	$ 4,757
[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 $0.12 and $0.09 for the three months ended January 31, 2024 and 2023, and $0.27 and $0.22 for the nine months ended January 31, 2024 and 2023. See Note D to the condensed consolidated financial statements.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Unaudited) (Parenthetical) - $ / shares		3 Months Ended		9 Months Ended
		Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Diluted (in usd per share)	[1]	$ 0.12	$ 0.09	$ 0.27	$ 0.22
Class B Common Shares
Diluted (in usd per share)		$ 0.12	$ 0.09	$ 0.27	$ 0.22
[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 $0.12 and $0.09 for the three months ended January 31, 2024 and 2023, and $0.27 and $0.22 for the nine months ended January 31, 2024 and 2023. See Note D to the condensed consolidated financial statements.

Condensed Consolidated Statem_3

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, 2022					36,405,695		1,821,587
Beginning balance at Apr. 30, 2022		$ 132,041			$ 3,641		$ 182	$ 171,948	$ (18,171)	$ (25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)		140,800			140,800	[1]
Proceeds from stock options exercised	[1]	$ 1,654			$ 14			1,640
Stock-based compensation		3,944						3,944
Net earnings		7,386							7,386
Dividends declared	[1]	(11,132)							(11,132)
Ending balance (in shares) at Jan. 31, 2023					36,546,495		1,821,587
Ending balance at Jan. 31, 2023		133,893			$ 3,655		$ 182	177,532	(21,917)	(25,559)
Beginning balance (in shares) at Oct. 31, 2022					36,503,495		1,821,587
Beginning balance at Oct. 31, 2022		132,588			$ 3,650		$ 182	175,733	(21,418)	(25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)					43,000
Proceeds from stock options exercised		510			$ 5			505
Stock-based compensation		1,294						1,294
Net earnings		3,217							3,217
Dividends declared	[1]	(3,716)							(3,716)
Ending balance (in shares) at Jan. 31, 2023					36,546,495		1,821,587
Ending balance at Jan. 31, 2023		133,893			$ 3,655		$ 182	177,532	(21,917)	(25,559)
Beginning balance (in shares) at Apr. 30, 2023			32,318,610	1,821,587	36,907,242		1,821,587
Beginning balance at Apr. 30, 2023		$ 138,288			$ 3,691		$ 182	182,722	(22,748)	(25,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)		26,253			26,253	[1]
Proceeds from stock options exercised	[1]	$ 291			$ 2			289
Stock-based compensation		4,720						4,720
Purchases of common stock		(10,235)	$ (35,800)							(10,235)
Net earnings		9,199							9,199
Dividends declared	[1]	(11,169)							(11,169)
Ending balance (in shares) at Jan. 31, 2024			31,398,542	1,821,587	36,933,495		1,821,587
Ending balance at Jan. 31, 2024		131,094			$ 3,693		$ 182	187,731	(24,718)	(35,794)
Beginning balance (in shares) at Oct. 31, 2023					36,929,495		1,821,587
Beginning balance at Oct. 31, 2023		134,450			$ 3,693		$ 182	186,100	(25,152)	(30,373)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Proceeds from stock options exercised (in shares)	[1]				4,000
Proceeds from stock options exercised	[1]	45						45
Stock-based compensation		1,586						1,586
Purchases of common stock		(5,421)								(5,421)
Net earnings		4,088							4,088
Dividends declared		(3,654)							(3,654)
Ending balance (in shares) at Jan. 31, 2024			31,398,542	1,821,587	36,933,495		1,821,587
Ending balance at Jan. 31, 2024		$ 131,094			$ 3,693		$ 182	$ 187,731	$ (24,718)	$ (35,794)
[1]Amounts adjusted for rounding

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Cash flows from operating activities:
Net earnings	$ 9,199	$ 7,386
Earnings from discontinued operations, net of tax	(1,812)	(323)
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	3,641	2,389
Stock-based compensation expense	4,720	3,919
Net gain on investments	(1,331)	(92)
Deferred income taxes	282	(3,377)
Gain on sale of business	(1,438)	0
Gain on sale of discontinued operations	(2,124)	0
Changes in operating assets and liabilities:
Purchases of trading securities	(3,958)	(8,284)
Proceeds from maturities and sales of trading securities	6,772	870
Accounts receivable, net	4,267	(11,816)
Prepaid expenses and other assets	(1,150)	579
Accounts payable and other liabilities	(3,854)	(1,578)
Deferred revenue	(5,298)	(1,247)
Net cash provided by (used in) operating activities of continuing operations	7,916	(11,574)
Net cash provided by operating activities of discontinued operations	1,554	1,108
Net cash provided by (used in) operating activities	9,470	(10,466)
Cash flows from investing activities:
Purchases of property and equipment, net of disposals	(539)	(3,655)
Purchase of business, net of cash acquired	(25,041)	(6,500)
Proceeds from sale of business	660	0
Net cash used in investing activities of continuing operations	(24,920)	(10,155)
Net cash provided by investing activities of discontinued operations	1,825	0
Net cash used in investing activities	(23,095)	(10,155)
Cash flows from financing activities:
Proceeds from exercise of stock options	290	1,654
Purchases of common stock	(10,235)	0
Dividends paid	(11,272)	(11,117)
Net cash used in financing activities of continuing operations	(21,217)	(9,463)
Net change in cash and cash equivalents	(34,842)	(30,084)
Cash and cash equivalents at beginning of period	90,696	110,690
Cash and cash equivalents at end of period	55,854	80,606
Supplemental disclosure of cash flow information:
Income taxes, net of refunds	4,345	5,441
Supplemental disclosures of noncash operating, investing and financing activities:
Accrual of dividends payable	$ 3,654	$ 3,716

Presentation and Summary of Sig

Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2024
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 ("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, 2024, results of operations for the three and nine months ended January 31, 2024 and 2023, consolidated statements of shareholders’ equity for the three and nine months ended January 31, 2024 and 2023, and cash flows for the nine months ended January 31, 2024 and 2023. The Company’s results for the three months ended January 31, 2024 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, 2023. The terms “fiscal 2024” and “fiscal 2023” refer to our fiscal years ending April 30, 2024 and 2023, 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 Consolidated Financial Statements 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 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. In September 2023, we disposed of our 100% equity interest in our information technology staffing firm, The Proven Method ("TPM") for approximately $2.1 million in cash. For further information regarding the transaction, see Note F to the accompanying condensed consolidated financial statements. 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. The Company adopted this update prospectively on May 1, 2023 and it did not have a material impact to our condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Jan. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition In accordance with ASU 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 nine months ended January 31, 2024 and 2023. 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 nine months ended January 31, 2024, we recognized $38.1 million of revenue that was included in the deferred revenue balance as of April 30, 2023. January 31, April 30, (in thousands) Deferred revenue $ 37,154 $ 43,124 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 January 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $119.5 million. The Company expects to recognize revenue on approximately 51% 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 Nine Months Ended 2024 2023 2024 2023 (in thousands) (in thousands) Revenues: Domestic $ 20,040 $ 21,078 $ 60,646 $ 63,633 International 5,496 6,349 16,481 17,854 $ 25,536 $ 27,427 $ 77,127 $ 81,487 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 other assets, respectively, in the Company’s Condensed Consolidated Balance Sheets. Total deferred commissions at January 31, 2024 and April 30, 2023 were $2.6 million and $3.0 million, respectively. Amortization of sales commissions was $0.4 million and $1.2 million for the three and nine months ended January 31, 2024 and $0.4 million and $1.2 million for the three and nine months ended January 31, 2023, 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	9 Months Ended
	Jan. 31, 2024
Dividends [Abstract]
Declaration of Dividend Payable	Declaration of Dividend Payable On November 20, 2023, our Board of Directors declared a quarterly cash dividend of $0.11 per share of our Class A and Class B common stock. The cash dividend was payable on February 16, 2024 to Class A and Class B shareholders of record at the close of business on February 2, 2024.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Jan. 31, 2024
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. 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 is adjusted to give effect to dilutive elements including stock options and restricted stock units ("RSUs") issuable under the Company's stock incentive plans, to the extent these are dilutive. 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 and RSUs 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 January 31, 2024 Nine Months Ended January 31, 2024 Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed losses 0.01 0.01 (0.06) (0.06) Total from continuing operations $ 0.12 $ 0.12 $ 0.22 $ 0.27 Total from discontinued operations — — 0.05 — Total $ 0.12 $ 0.12 $ 0.27 $ 0.27 Distributed earnings $ 3,454 $ 200 $ 10,568 $ 601 Undistributed losses 410 24 (1,864) (106) Total from continuing operations $ 3,864 $ 224 $ 6,892 $ 495 Total from discontinued operations — — 1,812 — Total $ 3,864 $ 224 $ 8,704 $ 495 Basic weighted average common shares outstanding 31,470 1,822 32,020 1,822 Three Months Ended January 31, 2023 Nine Months Ended January 31, 2023 Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed losses* (0.02) (0.02) (0.11) (0.11) Total from continuing operations $ 0.09 $ 0.09 $ 0.21 $ 0.22 Total from discontinued operations $ — $ — $ 0.01 $ — Total $ 0.09 $ 0.09 $ 0.22 $ 0.22 Distributed earnings $ 3,515 $ 201 $ 10,532 $ 601 Undistributed losses (472) (27) (3,545) (202) Total from continuing operations $ 2,998 $ 174 $ 6,664 $ 399 Total from discontinued operations 45 — 323 — Total $ 3,043 $ 174 $ 6,987 $ 399 Basic weighted average common shares outstanding 31,937 1,822 31,890 1,822 ` Diluted EPS for Class A Common Shares Using the If-Converted Method Three Months Ended January 31, 2024 Undistributed Class A EPS* Per Basic $ 3,864 31,470 $ 0.12 Common Stock Equivalents — 44 — 3,864 31,514 0.12 Class B Common Share Conversion* 224 1,822 — Diluted EPS for Class A Common Shares $ 4,088 33,336 $ 0.12 Nine Months Ended January 31, 2024 Undistributed Class A EPS* Per Basic $ 8,704 32,020 $ 0.27 Common Stock Equivalents — 24 — 8,704 32,044 0.27 Class B Common Share Conversion* 495 1,822 — Diluted EPS for Class A Common Shares $ 9,199 33,866 $ 0.27 Three Months Ended January 31, 2023 Undistributed Class A EPS* Per Basic $ 3,043 31,937 $ 0.09 Common Stock Equivalents — 206 — 3,043 32,143 0.09 Class B Common Share Conversion 174 1,822 — Diluted EPS for Class A Common Shares $ 3,217 33,965 $ 0.09 Nine Months Ended January 31, 2023 Undistributed Class A EPS* Per Basic $ 6,987 31,890 $ 0.22 Common Stock Equivalents — 294 — 6,987 32,184 0.22 Class B Common Share Conversion* 399 1,822 — Diluted EPS for Class A Common Shares $ 7,386 34,006 $ 0.22 Diluted EPS for Class B Common Shares Using the Two-Class Method Three Months Ended January 31, 2024 Undistributed Class B EPS* Per Basic $ 224 1,822 $ 0.12 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares — — — Diluted EPS for Class B Common Shares $ 224 1,822 $ 0.12 Nine Months Ended January 31, 2024 Undistributed Class B EPS* Per Basic $ 495 1,822 $ 0.27 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares — — — Diluted EPS for Class B Common Shares $ 495 1,822 $ 0.27 Three Months Ended January 31, 2023 Undistributed Class B EPS* Per Basic $ 174 1,822 $ 0.09 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — — Diluted EPS for Class B Common Shares $ 175 1,822 $ 0.09 Nine Months Ended January 31, 2023 Undistributed Class B EPS* Per Basic $ 399 1,822 $ 0.22 Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares 2 — — Diluted EPS for Class B Common Shares $ 401 1,822 $ 0.22 ____________ *Amounts adjusted for rounding For the three and nine months ended January 31, 2024 we excluded options to purcha se 6,481,015 and 6,184,717 Class A Common Shares, respectively, and for the three and nine months ended January 31, 2023 we excluded options to purchase 4,445,248 and 3,718,454 Class A Common Shares, respectively. 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, 2024, we had a total of 6,522,415 options outstanding and as of January 31, 2023, we had a total of 5,677,804 options outstanding.

Acquisitions

Acquisitions	9 Months Ended
	Jan. 31, 2024
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 September 5, 2023, the Company entered into a Stock Purchase Agreement (“Garvis Purchase Agreement”) with privately-held Garvis AI Limited, a private limited company organized and registered under the laws of England and Wales (“Garvis”). Pursuant to the Garvis Purchase Agreement, the Company acquired 100% of the total issued and outstanding shares of capital stock of Garvis, a visionary SaaS startup that can combine a large language model-based AI interface (e.g. ChatGPT) with AI-native demand forecasting. Garvis designed from the ground up an AI-first forecasting solution now called DemandAI+. When combined with Generative AI, DemandAI+ creates a modern, more inclusive, and intuitive planning paradigm that quickly digitizes supply chain relationships and exposes that data to any stakeholder across the organization. By simply asking questions planners, executives, and non-planners alike get answers to unanticipated queries in real-time, providing transparency for more informed decisions that saves precious planning time. Demand AI+, built for the cloud, will be embedded into the Logility Digital Supply Chain Platform. The combined solutions will enable a new supply chain planning paradigm with DemandAI+ that moves beyond conventional methods to plan demand and inventory at the speed of the market. Under the terms of the Garvis Purchase Agreement, the Company acquired the capital stock for cash consideration paid net of cash acquired of approximately $25.0 million, subject to certain post-closing adjustments. The Company incurred acquisition costs of approximately $167,000 and $504,000 during the three and nine months ended January 31, 2024. The operating results of Garvis are not material for proforma disclosure. The Company preliminarily allocated $16.8 million of the total purchase price to goodwill, which has been assigned to the Supply Chain Management segment and is not deductible for income tax purposes. The following preliminary allocation of the total purchase price reflects the fair value of the assets acquired and liabilities assumed as of September 5, 2023 (in thousands): Useful Life Cash 67 Accounts receivable, net 457 Current assets 47 Property and equipment, net 27 Goodwill 16,835 Non-compete 2,000 3 years Current technology 9,000 3 years Total assets acquired 28,433 Current liabilities (617) Long-term liabilities (2,708) Total liabilities assumed $ (3,325) Net assets acquired $ 25,108 Current technology and non-compete agreements are being amortized on a straight-line basis over the remaining estimated economic life of the assets, including the period being reported. 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 “Starboard 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 assess better locations for future plants, warehouses or third-party logistic locations. The intuitive design and ease of configuration makes the Starboard network design solution stand out. The Starboard software is built for recurring 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 Starboard 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 in the period(s) payments are accruable. The cumulative earnout paid as of January 31, 2024 was $0. The Company incurred acquisition costs of approximately $0, $0, $50,000 and $186,000 during the three and nine months ended January 31, 2024 and 2023, 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 following allocation of the total purchase price reflects the fair value of the assets acquired and liabilities assumed as of June 28, 2022 (in thousands): Useful Life Other assets 90 Goodwill 3,670 Non-compete agreements 170 5 years Current technology 2,500 3 years Customer relationships 160 6 years Total assets acquired 6,590 Long-term liabilities (90) Net assets acquired $ 6,500

Divestitures

Divestitures	9 Months Ended
	Jan. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures Discontinued Operations On September 18, 2023, the Company disposed of its 100% equity interest in its information technology staffing firm, TPM to Marathon TS, Inc., an IT professional services firm for approximately $2.1 million in cash, of which $300,000 is held in escrow. The amounts held in escrow are limited to claims arising out of or relating to any pre-closing taxes. Any escrow amounts that are not subject to then outstanding indemnification claims shall be released to the Company in equal $100,000 increments on the 12, 24 and 36 month anniversary of the transaction closing date and are included in prepaid expenses and other current assets and other assets in the Condensed Consolidated Balance Sheet as of January 31, 2024. There have not been any submitted, or expected, indemnification claims against these escrowed funds. This transaction enables us to focus on our core supply chain planning business allowing Logility to continue to expand its AI-first supply chain management platform. In accordance with applicable accounting guidance for the disposal of long-lived assets, the results of TPM are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results in the accompanying Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Cash Flows and in the Notes to Condensed Consolidated Financial Statements. TPM was previously reported in the former IT Consulting segment. During the second quarter of fiscal 2024, the Company identified an error, originating in 2017, resulting in an understatement of professional services and other cost of revenue and other current liabilities. The error was determined to be immaterial to all impacted periods and has been corrected in the previously issued condensed consolidated financial statements presented herein. Subsequent to presenting the results of TPM as discontinued operations, the amounts related to the error resulted in an adjustment to decrease earnings from operations of discontinued operations by $123,000 and $168,000 in the three and nine months ended January 31, 2023, respectively. The error resulted in an increase to retained deficit and an increase to other current liabilities of approximately $1.0 million in prior periods presented. The following is selected financial information included in Earnings from discontinued operations for TPM: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Revenue $ — $ 3,584 $ 4,932 $ 12,258 Cost of revenue — 2,926 3,959 9,942 Total operating expenses $ — $ 570 $ 718 $ 1,841 Gain on disposal of discontinued operations $ — $ — $ 2,124 $ — Earnings before income taxes $ — $ 88 $ 2,379 $ 475 Income tax expense 64 43 567 152 Earnings (loss) from discontinued operations, net of taxes $ (64) $ 45 $ 1,812 $ 323 The following is selected financial information included in current assets and current liabilities from discontinued operations for TPM: January 31, April 30, 2024 2023 Cash and cash equivalents $ — $ 637 Trade accounts receivable, less allowance for doubtful accounts — 2,964 Prepaid expenses and other current assets — 2 Current assets of discontinued operations $ — $ 3,603 Current liabilities of discontinued operations $ — $ 318 Other Divestitures On November 15 2023, we signed an asset purchase agreement for the sale of our Transportation Rating Solutions ("TRS") business which consists of on-premise freight shipping solutions for LTL, truckload and rail shipments within North America to FOG Software Group ("FOG") a division of Vela Software for approximately $1.1 million in cash, of which, $440,000 is subject to various holdback provisions, which will expire 120 days following the date of the agreement. The divestiture of TRS will allow us to focus on our core supply chain planning business allowing Logility to continue to expand its AI-first supply chain management platform. The purchase price is subject to a working capital adjustment. We recognized a pre-tax gain of approximately $1.4 million which is recorded within Other Income in the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended January 31, 2024. Earnings from the business were not material and the results of the business through the date of sale were reflected in continuing operations within the SCM segment.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jan. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation In the first quarter of fiscal 2024, the Compensation Committee of our Board of Directors awarded RSUs to independent directors not employed by the Company that will vest, and shares of Class A common stock will be issued, on the first anniversary of the date of the grant. The RSU awards replace option grants for Class A common stock previously awarded to independent directors. In addition, stock option grants for employees and contractors for Class A common shares were issued, as follows: Nine Months Ended January 31, 2024 2023 Awards granted: Options 1,485,000 1,519,000 RSUs 95,411 — Total awards granted 1,580,411 1,519,000 The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing model and the fair value of each RSU award is estimated on the date of grant using the fair value method. The forfeiture rates are estimated using historical data. We recorded total compensation cost related to stock options and RSUs of approximately $1.6 million and $1.3 million of which, $0 and $8,000 was included in discontinued operations, and income tax expense of approximately $69,000 from option expirations and income tax benefits of approximately $4,000 from option exercises during the three months ended January 31, 2024 and 2023, respectively. We recorded total compensation cost related to stock options and RSUs of approximately $4.7 million and $3.9 million, of which $0 and $16,000 was included in discontinued operations, and income tax expense of approximately $69,000 from option expirations and income tax benefits of approximately $67,000 from option exercises during the nine months ended January 31, 2024 and 2023, 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, 2024 and 2023, we issued 26,253 and 140,800 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, 2024 and 2023 based on market value at the exercise dates was approximately $40,000 and $589,000, respectively. As of January 31, 2024, unrecognized compensation cost related to unvested stock option and RSU awards approximated $14.6 million, respectively, which we expect to recognize over a weighted average period of 1.71 years.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Jan. 31, 2024
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, 2024 and April 30, 2023, and indicate the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): January 31, 2024 Quoted Prices Significant Significant Balance Cash equivalents $ 51,464 $ — $ — $ 51,464 U.S. Treasury securities 4,625 — — 4,625 Marketable securities 17,829 — — 17,829 Total $ 73,918 $ — $ — $ 73,918 April 30, 2023 Quoted Prices Significant Significant Balance Cash equivalents $ 81,352 $ — $ — $ 81,352 U.S. Treasury securities 7,305 — — 7,305 Marketable securities 16,632 — — 16,632 Total $ 105,289 $ — $ — $ 105,289

Stock Repurchases

Stock Repurchases	9 Months Ended
	Jan. 31, 2024
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 2,000,000 shares of Class A common stock at a cost of approximately $16.4 million, which had a $10.2 million impact on fiscal 2024. As of January 31, 2024, under all repurchase plans previously authorized, including this most recent plan, we have repurchased a total of 5,534,953 shares of common stock at a cost of approximately $35.8 million.

Comprehensive Income

Comprehensive Income	9 Months Ended
	Jan. 31, 2024
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, 2024
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 two segments, assess performance and allocate resources in a manner that is consistent with the changing market dynamics that we have experienced. The two operating segments are: (1) Supply Chain Management (“SCM”) and (2) 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 Other segment consists of (i) American Software enterprise resource planning ("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 nine months ended January 31, 2024 and 2023 (in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2024 2023 2024 2023 Revenue: Supply Chain Management $ 25,009 $ 26,952 $ 75,558 $ 79,886 Other 527 475 1,569 1,601 $ 25,536 $ 27,427 $ 77,127 $ 81,487 Operating income\(loss): Supply Chain Management $ 6,119 $ 7,763 $ 18,396 $ 22,587 Other (5,304) (5,018) (14,960) (14,950) $ 815 $ 2,745 $ 3,436 $ 7,637 Capital expenditures: Supply Chain Management $ 21 $ 14 $ 434 $ 1,604 Other 47 935 155 2,051 $ 68 $ 949 $ 589 $ 3,655 Depreciation and amortization: Supply Chain Management $ 1,462 $ 675 $ 3,115 $ 2,042 Other 172 113 526 347 $ 1,634 $ 788 $ 3,641 $ 2,389 Earnings\(loss) before income taxes: Supply Chain Management $ 7,810 $ 8,094 $ 20,353 $ 22,695 Other (2,578) (4,015) (11,191) (13,750) $ 5,232 $ 4,079 $ 9,162 $ 8,945

Major Clients

Major Clients	9 Months Ended
	Jan. 31, 2024
Segment Reporting [Abstract]
Major Clients	Major Clients No single client accounted for more than 10% of total revenue for the three and nine months ended January 31, 2024 and 2023.

Contingencies

Contingencies	9 Months Ended
	Jan. 31, 2024
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	9 Months Ended
	Jan. 31, 2024
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On February 21, 2024, 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 17, 2024 to Class A and Class B shareholders of record at the close of business on May 3, 2024.

Presentation and Summary of S_2

Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements ("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, 2024, results of operations for the three and nine months ended January 31, 2024 and 2023, consolidated statements of shareholders’ equity for the three and nine months ended January 31, 2024 and 2023, and cash flows for the nine months ended January 31, 2024 and 2023. The Company’s results for the three months ended January 31, 2024 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, 2023. The terms “fiscal 2024” and “fiscal 2023” refer to our fiscal years ending April 30, 2024 and 2023, respectively.
Principles of Consolidation	Principles of Consolidation The accompanying 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. In September 2023, we disposed of our 100% equity interest in our information technology staffing firm, The Proven Method ("TPM") for approximately $2.1 million in cash. For further information regarding the transaction, see Note F to the accompanying condensed consolidated financial statements.
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. The Company adopted this update prospectively on May 1, 2023 and it did not have a material impact to our condensed consolidated financial statements.
Revenue Recognition	Revenue Recognition In accordance with ASU 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 nine months ended January 31, 2024 and 2023. 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 nine months ended January 31, 2024, we recognized $38.1 million of revenue that was included in the deferred revenue balance as of April 30, 2023. January 31, April 30, (in thousands) Deferred revenue $ 37,154 $ 43,124 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 January 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $119.5 million. The Company expects to recognize revenue on approximately 51% 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 Nine Months Ended 2024 2023 2024 2023 (in thousands) (in thousands) Revenues: Domestic $ 20,040 $ 21,078 $ 60,646 $ 63,633 International 5,496 6,349 16,481 17,854 $ 25,536 $ 27,427 $ 77,127 $ 81,487 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 other assets, respectively, in the Company’s Condensed Consolidated Balance Sheets. Total deferred commissions at January 31, 2024 and April 30, 2023 were $2.6 million and $3.0 million, respectively. Amortization of sales commissions was $0.4 million and $1.2 million for the three and nine months ended January 31, 2024 and $0.4 million and $1.2 million for the three and nine months ended January 31, 2023, 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)	9 Months Ended
	Jan. 31, 2024
Revenue from Contract with Customer [Abstract]
Summary of Contract Balances	January 31, April 30, (in thousands) Deferred revenue $ 37,154 $ 43,124
Schedule of Revenue by Geography	The Company’s revenue by geography is as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 (in thousands) (in thousands) Revenues: Domestic $ 20,040 $ 21,078 $ 60,646 $ 63,633 International 5,496 6,349 16,481 17,854 $ 25,536 $ 27,427 $ 77,127 $ 81,487

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Jan. 31, 2024
Earnings Per Share [Abstract]
Schedule of 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 January 31, 2024 Nine Months Ended January 31, 2024 Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed losses 0.01 0.01 (0.06) (0.06) Total from continuing operations $ 0.12 $ 0.12 $ 0.22 $ 0.27 Total from discontinued operations — — 0.05 — Total $ 0.12 $ 0.12 $ 0.27 $ 0.27 Distributed earnings $ 3,454 $ 200 $ 10,568 $ 601 Undistributed losses 410 24 (1,864) (106) Total from continuing operations $ 3,864 $ 224 $ 6,892 $ 495 Total from discontinued operations — — 1,812 — Total $ 3,864 $ 224 $ 8,704 $ 495 Basic weighted average common shares outstanding 31,470 1,822 32,020 1,822 Three Months Ended January 31, 2023 Nine Months Ended January 31, 2023 Class A Class B Class A Class B Distributed earnings $ 0.11 $ 0.11 $ 0.33 $ 0.33 Undistributed losses* (0.02) (0.02) (0.11) (0.11) Total from continuing operations $ 0.09 $ 0.09 $ 0.21 $ 0.22 Total from discontinued operations $ — $ — $ 0.01 $ — Total $ 0.09 $ 0.09 $ 0.22 $ 0.22 Distributed earnings $ 3,515 $ 201 $ 10,532 $ 601 Undistributed losses (472) (27) (3,545) (202) Total from continuing operations $ 2,998 $ 174 $ 6,664 $ 399 Total from discontinued operations 45 — 323 — Total $ 3,043 $ 174 $ 6,987 $ 399 Basic weighted average common shares outstanding 31,937 1,822 31,890 1,822 `
Schedule of 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, 2024 Undistributed Class A EPS* Per Basic $ 3,864 31,470 $ 0.12 Common Stock Equivalents — 44 — 3,864 31,514 0.12 Class B Common Share Conversion* 224 1,822 — Diluted EPS for Class A Common Shares $ 4,088 33,336 $ 0.12 Nine Months Ended January 31, 2024 Undistributed Class A EPS* Per Basic $ 8,704 32,020 $ 0.27 Common Stock Equivalents — 24 — 8,704 32,044 0.27 Class B Common Share Conversion* 495 1,822 — Diluted EPS for Class A Common Shares $ 9,199 33,866 $ 0.27 Three Months Ended January 31, 2023 Undistributed Class A EPS* Per Basic $ 3,043 31,937 $ 0.09 Common Stock Equivalents — 206 — 3,043 32,143 0.09 Class B Common Share Conversion 174 1,822 — Diluted EPS for Class A Common Shares $ 3,217 33,965 $ 0.09 Nine Months Ended January 31, 2023 Undistributed Class A EPS* Per Basic $ 6,987 31,890 $ 0.22 Common Stock Equivalents — 294 — 6,987 32,184 0.22 Class B Common Share Conversion* 399 1,822 — Diluted EPS for Class A Common Shares $ 7,386 34,006 $ 0.22
Schedule of 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, 2024 Undistributed Class B EPS* Per Basic $ 224 1,822 $ 0.12 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares — — — Diluted EPS for Class B Common Shares $ 224 1,822 $ 0.12 Nine Months Ended January 31, 2024 Undistributed Class B EPS* Per Basic $ 495 1,822 $ 0.27 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares — — — Diluted EPS for Class B Common Shares $ 495 1,822 $ 0.27 Three Months Ended January 31, 2023 Undistributed Class B EPS* Per Basic $ 174 1,822 $ 0.09 Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares 1 — — Diluted EPS for Class B Common Shares $ 175 1,822 $ 0.09 Nine Months Ended January 31, 2023 Undistributed Class B EPS* Per Basic $ 399 1,822 $ 0.22 Reallocation of undistributed earnings from Class A Common Shares to Class B Common Shares 2 — — Diluted EPS for Class B Common Shares $ 401 1,822 $ 0.22 ____________ *Amounts adjusted for rounding

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Jan. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following preliminary allocation of the total purchase price reflects the fair value of the assets acquired and liabilities assumed as of September 5, 2023 (in thousands): Useful Life Cash 67 Accounts receivable, net 457 Current assets 47 Property and equipment, net 27 Goodwill 16,835 Non-compete 2,000 3 years Current technology 9,000 3 years Total assets acquired 28,433 Current liabilities (617) Long-term liabilities (2,708) Total liabilities assumed $ (3,325) Net assets acquired $ 25,108 The following allocation of the total purchase price reflects the fair value of the assets acquired and liabilities assumed as of June 28, 2022 (in thousands): Useful Life Other assets 90 Goodwill 3,670 Non-compete agreements 170 5 years Current technology 2,500 3 years Customer relationships 160 6 years Total assets acquired 6,590 Long-term liabilities (90) Net assets acquired $ 6,500

Divestitures (Tables)

Divestitures (Tables)	9 Months Ended
	Jan. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following is selected financial information included in Earnings from discontinued operations for TPM: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Revenue $ — $ 3,584 $ 4,932 $ 12,258 Cost of revenue — 2,926 3,959 9,942 Total operating expenses $ — $ 570 $ 718 $ 1,841 Gain on disposal of discontinued operations $ — $ — $ 2,124 $ — Earnings before income taxes $ — $ 88 $ 2,379 $ 475 Income tax expense 64 43 567 152 Earnings (loss) from discontinued operations, net of taxes $ (64) $ 45 $ 1,812 $ 323 The following is selected financial information included in current assets and current liabilities from discontinued operations for TPM: January 31, April 30, 2024 2023 Cash and cash equivalents $ — $ 637 Trade accounts receivable, less allowance for doubtful accounts — 2,964 Prepaid expenses and other current assets — 2 Current assets of discontinued operations $ — $ 3,603 Current liabilities of discontinued operations $ — $ 318

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Jan. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Payment Arrangement, Nonemployee Director Award Plan, Activity	In addition, stock option grants for employees and contractors for Class A common shares were issued, as follows: Nine Months Ended January 31, 2024 2023 Awards granted: Options 1,485,000 1,519,000 RSUs 95,411 — Total awards granted 1,580,411 1,519,000

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Jan. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of 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, 2024 and April 30, 2023, and indicate the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): January 31, 2024 Quoted Prices Significant Significant Balance Cash equivalents $ 51,464 $ — $ — $ 51,464 U.S. Treasury securities 4,625 — — 4,625 Marketable securities 17,829 — — 17,829 Total $ 73,918 $ — $ — $ 73,918 April 30, 2023 Quoted Prices Significant Significant Balance Cash equivalents $ 81,352 $ — $ — $ 81,352 U.S. Treasury securities 7,305 — — 7,305 Marketable securities 16,632 — — 16,632 Total $ 105,289 $ — $ — $ 105,289

Industry Segments (Tables)

Industry Segments (Tables)	9 Months Ended
	Jan. 31, 2024
Segment Reporting [Abstract]
Schedule of 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, 2024 and 2023 (in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2024 2023 2024 2023 Revenue: Supply Chain Management $ 25,009 $ 26,952 $ 75,558 $ 79,886 Other 527 475 1,569 1,601 $ 25,536 $ 27,427 $ 77,127 $ 81,487 Operating income\(loss): Supply Chain Management $ 6,119 $ 7,763 $ 18,396 $ 22,587 Other (5,304) (5,018) (14,960) (14,950) $ 815 $ 2,745 $ 3,436 $ 7,637 Capital expenditures: Supply Chain Management $ 21 $ 14 $ 434 $ 1,604 Other 47 935 155 2,051 $ 68 $ 949 $ 589 $ 3,655 Depreciation and amortization: Supply Chain Management $ 1,462 $ 675 $ 3,115 $ 2,042 Other 172 113 526 347 $ 1,634 $ 788 $ 3,641 $ 2,389 Earnings\(loss) before income taxes: Supply Chain Management $ 7,810 $ 8,094 $ 20,353 $ 22,695 Other (2,578) (4,015) (11,191) (13,750) $ 5,232 $ 4,079 $ 9,162 $ 8,945

Presentation and Summary of S_3

Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - Discontinued Operations, Disposed of by Sale - TPM $ in Millions		1 Months Ended
	Sep. 18, 2023 USD ($)	Sep. 30, 2023 USD ($)
Schedule of Equity Method Investments [Line Items]
Equity interest (in percent)	1	1
Proceeds from sale of equity method investments	$ 2.1	$ 2.1

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023	Apr. 30, 2023
Revenue Recognition [Line Items]
Deferred revenue recognized			$ 38.1
Deferred commissions	$ 2.6		2.6		$ 3
Amortization of sales commissions	0.4	$ 0.4	1.2	$ 1.2
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	Jan. 31, 2024	Apr. 30, 2023
Contract Balances:
Deferred revenue	$ 37,154	$ 43,124

Revenue Recognition - Remaining

Revenue Recognition - Remaining Performance Obligation (Details) $ in Millions	Jan. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Transaction price allocated to remaining performance obligations	$ 119.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining revenue to be recognized	51%
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Revenues:
Revenues	$ 25,536	$ 27,427	$ 77,127	$ 81,487
Domestic
Revenues:
Revenues	20,040	21,078	60,646	63,633
International
Revenues:
Revenues	$ 5,496	$ 6,349	$ 16,481	$ 17,854

Declaration of Dividend Payab_2

Declaration of Dividend Payable (Details) - $ / shares		3 Months Ended		9 Months Ended
	Nov. 20, 2023	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Class of Stock [Line Items]
Cash dividends declared per common share (in usd per share)		$ 0.11	$ 0.11	$ 0.33	$ 0.33
Class A and Class B
Class of Stock [Line Items]
Cash dividends declared per common share (in usd per share)	$ 0.11

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2024 shares	Jan. 31, 2023 shares	Jan. 31, 2024 $ / shares shares	Jan. 31, 2023 shares	Apr. 30, 2023
Earnings Per Share [Line Items]
Share conversion ratio			1		1
Options to purchase excluded (in shares)	6,481,015	4,445,248	6,184,717	3,718,454
Options to purchase outstanding (in shares)	6,522,415	5,677,804	6,522,415	5,677,804
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		9 Months Ended
		Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Basic (in usd per share)	[1]	$ 0.12	$ 0.09	$ 0.22	$ 0.21
Total from discontinued operations (in usd per share)	[1]	0	0	0.05	0.01
Total (in usd per share)	[1]	$ 0.12	$ 0.09	$ 0.27	$ 0.22
Basic weighted average common shares outstanding (in shares)		33,292	33,759	33,842	33,711
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	(0.02)	(0.06)	(0.11)
Basic (in usd per share)		0.12	0.09	0.22	0.21
Total from discontinued operations (in usd per share)		0	0	0.05	0.01
Total (in usd per share)		$ 0.12	$ 0.09	$ 0.27	$ 0.22
Distributed earnings		$ 3,454	$ 3,515	$ 10,568	$ 10,532
Undistributed losses		410	(472)	(1,864)	(3,545)
Total from continuing operations		3,864	2,998	6,892	6,664
Total from discontinued operations		0	45	1,812	323
Total		$ 3,864	$ 3,043	$ 8,704	$ 6,987
Basic weighted average common shares outstanding (in shares)		31,470	31,937	32,020	31,890
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	(0.02)	(0.06)	(0.11)
Basic (in usd per share)		0.12	0.09	0.27	0.22
Total from discontinued operations (in usd per share)		0	0	0	0
Total (in usd per share)		$ 0.12	$ 0.09	$ 0.27	$ 0.22
Distributed earnings		$ 200	$ 201	$ 601	$ 601
Undistributed losses		24	(27)	(106)	(202)
Total from continuing operations		224	174	495	399
Total from discontinued operations		0	0	0	0
Total		$ 224	$ 174	$ 495	$ 399
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 $0.12 and $0.09 for the three months ended January 31, 2024 and 2023, and $0.27 and $0.22 for the nine months ended January 31, 2024 and 2023. 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		9 Months Ended
		Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding (in shares)		33,292	33,759	33,842	33,711
Class A common shares diluted (in shares)		33,337	33,965	33,866	34,006
Basic EPS (in usd per share)	[1]	$ 0.12	$ 0.09	$ 0.27	$ 0.22
Diluted EPS (in usd per share)	[1]	$ 0.12	$ 0.09	$ 0.27	$ 0.22
Class A Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed and distributed earnings		$ 3,864	$ 3,043	$ 8,704	$ 6,987
Undistributed and distributed earnings, class B conversion		224	174	495	399
Diluted EPS, Net earnings		$ 4,088	$ 3,217	$ 9,199	$ 7,386
Basic weighted average common shares outstanding (in shares)		31,470	31,937	32,020	31,890
Common stock equivalents (in shares)		44	206	24	294
Weighted average shares including common stock equivalents, diluted (in shares)		31,514	32,143	32,044	32,184
Class B common share conversion (in shares)		1,822	1,822	1,822	1,822
Class A common shares diluted (in shares)		33,336	33,965	33,866	34,006
Basic EPS (in usd per share)		$ 0.12	$ 0.09	$ 0.27	$ 0.22
Diluted EPS (in usd per share)		$ 0.12	$ 0.09	$ 0.27	$ 0.22
[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 $0.12 and $0.09 for the three months ended January 31, 2024 and 2023, and $0.27 and $0.22 for the nine months ended January 31, 2024 and 2023. 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		9 Months Ended
		Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding (in shares)		33,292	33,759	33,842	33,711
Diluted EPS for class B common shares (in shares)		33,337	33,965	33,866	34,006
Basic EPS (in usd per share)	[1]	$ 0.12	$ 0.09	$ 0.27	$ 0.22
Diluted EPS (in usd per share)	[1]	$ 0.12	$ 0.09	$ 0.27	$ 0.22
Class B Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed and distributed earnings		$ 224	$ 174	$ 495	$ 399
Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares		0	1	0	2
Diluted EPS, Net earnings		$ 224	$ 175	$ 495	$ 401
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)		$ 0.12	$ 0.09	$ 0.27	$ 0.22
Diluted EPS (in usd per share)		$ 0.12	$ 0.09	$ 0.27	$ 0.22
[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 $0.12 and $0.09 for the three months ended January 31, 2024 and 2023, and $0.27 and $0.22 for the nine months ended January 31, 2024 and 2023. See Note D to the condensed consolidated financial statements.

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($)			3 Months Ended		9 Months Ended
	Sep. 05, 2023	Jun. 28, 2022	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023	Apr. 30, 2023
Business Acquisition [Line Items]
Purchase of business, net of cash acquired					$ 25,041,000	$ 6,500,000
Goodwill			$ 46,393,000		46,393,000		$ 29,558,000
Garvis
Business Acquisition [Line Items]
Issued and outstanding shares acquired (in percent)	100%
Purchase of business, net of cash acquired	$ 25,000,000
Business acquisition costs incurred			167,000		504,000
Goodwill	$ 16,835,000		16,800,000		16,800,000
Starboard
Business Acquisition [Line Items]
Business acquisition costs incurred			0	$ 50,000	0	$ 186,000
Goodwill		$ 3,670,000
Cash consideration paid		6,500,000
Maximum contingent consideration		$ 6,000,000
Business combination, earnout period		3 years
Additional consideration		$ 2,000,000
Additional consideration, revenue threshold		1,500,000
Additional consideration per dollar of subscription revenue		$ 1
Cumulative earnout paid			$ 0		$ 0

Acquisitions - Allocation of To

Acquisitions - Allocation of Total Purchase Price (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Sep. 05, 2023	Apr. 30, 2023	Jun. 28, 2022
Business Acquisition [Line Items]
Goodwill	$ 46,393		$ 29,558
Garvis
Business Acquisition [Line Items]
Cash		$ 67
Accounts receivable, net		457
Current assets		47
Property and equipment, net		27
Goodwill	$ 16,800	16,835
Total assets acquired		28,433
Current liabilities		(617)
Long-term liabilities		(2,708)
Total liabilities assumed		(3,325)
Net assets acquired		25,108
Garvis | Non-compete agreements
Business Acquisition [Line Items]
Intangible assets		$ 2,000
Useful Life		3 years
Garvis | Current technology
Business Acquisition [Line Items]
Intangible assets		$ 9,000
Useful Life		3 years
Starboard
Business Acquisition [Line Items]
Other assets				$ 90
Goodwill				3,670
Total assets acquired				6,590
Long-term liabilities				(90)
Net assets acquired				6,500
Starboard | Non-compete agreements
Business Acquisition [Line Items]
Intangible assets				$ 170
Useful Life				5 years
Starboard | Current technology
Business Acquisition [Line Items]
Intangible assets				$ 2,500
Useful Life				3 years
Starboard | Customer relationships
Business Acquisition [Line Items]
Intangible assets				$ 160
Useful Life				6 years

Divestitures - Additional Infor

Divestitures - Additional Information (Details) $ in Thousands			1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 15, 2023 USD ($)	Sep. 18, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jan. 31, 2024 USD ($)	Jan. 31, 2023 USD ($)	Jan. 31, 2024 USD ($)	Jan. 31, 2023 USD ($)	May 01, 2023 USD ($)	Apr. 30, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Decrease in earnings from operations of discontinued operations				$ 0	$ (88)	$ (255)	$ (475)
Retained deficit				24,718		24,718			$ 22,748
Other current liabilities				3,275		3,275			$ 3,638
Disposal group, not discontinued operation, gain on disposal						1,438	0
Revision of Prior Period, Error Correction, Adjustment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Decrease in earnings from operations of discontinued operations					$ 123		$ 168
Retained deficit								$ 1,000
Other current liabilities								$ 1,000
Discontinued Operations, Disposed of by Sale | TPM
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity interest (in percent)		1	1
Proceeds from sale of equity method investments		$ 2,100	$ 2,100
Escrow deposit				300		300
Equal increments for release of escrow deposit not subject to then outstanding indemnification claims				100		100
Discontinued Operations | TRS
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration	$ 1,100
Consideration subject to holdback provisions	$ 440
Consideration subject to holdback provisions period	120 days
Disposal group, not discontinued operation, gain on disposal				$ 1,400		$ 1,400

Divestitures - Earning from Dis

Divestitures - Earning from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax expense	$ 64	$ 43	$ 567	$ 152
Earnings (loss) from discontinued operations, net of income taxes	(64)	45	1,812	323
Discontinued Operations, Disposed of by Sale | TPM
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	3,584	4,932	12,258
Cost of revenue	0	2,926	3,959	9,942
Total operating expenses	0	570	718	1,841
Gain on disposal of discontinued operations	0	0	2,124	0
Earnings from operations of discontinued operations	0	88	2,379	475
Income tax expense	64	43	567	152
Earnings (loss) from discontinued operations, net of income taxes	$ (64)	$ 45	$ 1,812	$ 323

Divestitures - Current Assets a

Divestitures - Current Assets and Current Liabilities from Discontinued Operations (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets of discontinued operations	$ 0	$ 3,603
Current liabilities of discontinued operations	0	318
Discontinued Operations, Disposed of by Sale | TPM
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	0	637
Trade accounts receivable, less allowance for doubtful accounts	0	2,964
Prepaid expenses and other current assets	0	2
Current assets of discontinued operations	0	3,603
Current liabilities of discontinued operations	$ 0	$ 318

Stock-Based Compensation- Share

Stock-Based Compensation- Share-Based Payment Arrangement, Nonemployee Director Award Plan, Activity (Details) - shares	9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023
Share-Based Goods and Nonemployee Services Transaction [Line Items]
Total awards granted (in shares)	1,580,411	1,519,000
Options
Share-Based Goods and Nonemployee Services Transaction [Line Items]
Total awards granted (in shares)	1,485,000	1,519,000
RSUs
Share-Based Goods and Nonemployee Services Transaction [Line Items]
Total awards granted (in shares)	95,411	0

Stock-Based Compensation- Narra

Stock-Based Compensation- Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 1,600	$ 1,300	$ 4,720	$ 3,919
Income tax benefit (expense)	(69)	4	$ (69)	$ 67
Stock options exercised (in shares)			26,253	140,800
Total intrinsic value of options exercised			$ 40	$ 589
Unrecognized compensation cost related to unvested stock option	14,600		14,600
Unrecognized compensation cost related to RSU awards	14,600		$ 14,600
Weighted average period for unrecognized compensation cost			1 year 8 months 15 days
Discontinued Operations, Disposed of by Sale
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 0	$ 8	$ 0	$ 16

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jan. 31, 2024	Apr. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 51,464	$ 81,352
Marketable securities	17,829	16,632
Total	73,918	105,289
US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Treasury securities	4,625	7,305
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	51,464	81,352
Marketable securities	17,829	16,632
Total	73,918	105,289
Quoted Prices in Active Markets for Identical Assets (Level 1) | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Treasury securities	4,625	7,305
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 Other Observable Inputs (Level 2) | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Treasury securities	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
Significant Unobservable Inputs (Level 3) | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Treasury securities	$ 0	$ 0

Stock Repurchases (Details)

Stock Repurchases (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	257 Months Ended
	Jan. 31, 2024	Jan. 31, 2024	Jan. 31, 2024	Aug. 19, 2002
Equity, Class of Treasury Stock [Line Items]
Cost of common stock repurchased	$ 5,421	$ 10,235
Class A Common Shares
Equity, Class of Treasury Stock [Line Items]
Cost of common stock repurchased		$ 35,800
Common stock shares repurchased (in shares)		5,534,953
Shares Stock Repurchase Plan, August 19, 2002 | Class A Common Shares
Equity, Class of Treasury Stock [Line Items]
Approved number of shares to be repurchased (in shares)				2,000,000
Cost of common stock repurchased		$ 10,200	$ 16,400
Common stock shares repurchased (in shares)			2,000,000

Industry Segments - Additional

Industry Segments - Additional Information (Details)	9 Months Ended
	Jan. 31, 2024 segment supplyChain
Segment Reporting [Abstract]
Number of major operating segments | segment	2
Number of supply chain process areas | supplyChain	7

Industry Segments - Segment Inf

Industry Segments - Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Segment Reporting Information [Line Items]
Revenues	$ 25,536	$ 27,427	$ 77,127	$ 81,487
Operating income\(loss)	815	2,745	3,436	7,637
Capital expenditures	68	949	589	3,655
Depreciation and amortization	1,634	788	3,641	2,389
Earnings\(loss) before income taxes	5,232	4,079	9,162	8,945
Supply Chain Management
Segment Reporting Information [Line Items]
Revenues	25,009	26,952	75,558	79,886
Operating income\(loss)	6,119	7,763	18,396	22,587
Capital expenditures	21	14	434	1,604
Depreciation and amortization	1,462	675	3,115	2,042
Earnings\(loss) before income taxes	7,810	8,094	20,353	22,695
Other
Segment Reporting Information [Line Items]
Revenues	527	475	1,569	1,601
Operating income\(loss)	(5,304)	(5,018)	(14,960)	(14,950)
Capital expenditures	47	935	155	2,051
Depreciation and amortization	172	113	526	347
Earnings\(loss) before income taxes	$ (2,578)	$ (4,015)	$ (11,191)	$ (13,750)

Subsequent Event (Details)

Subsequent Event (Details) - $ / shares			3 Months Ended		9 Months Ended
	Feb. 21, 2024	Nov. 20, 2023	Jan. 31, 2024	Jan. 31, 2023	Jan. 31, 2024	Jan. 31, 2023
Subsequent Event [Line Items]
Cash dividends declared per common share (in usd per share)			$ 0.11	$ 0.11	$ 0.33	$ 0.33
Class A and Class B
Subsequent Event [Line Items]
Cash dividends declared per common share (in usd per share)		$ 0.11
Class A and Class B | Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share (in usd per share)	$ 0.11