Logility Supply Chain Solutions (LGTY) 10-Q 28 Feb 25 2025 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Jan. 31, 2025	Feb. 26, 2025
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2025
Document Transition Report	false
Entity File Number	000-12456
Entity Registrant Name	LOGILITY SUPPLY CHAIN SOLUTIONS, 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	LGTY
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
Entity Common Stock, Shares Outstanding		33,689,059
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000713425
Current Fiscal Year End Date	--04-30

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jan. 31, 2025	Apr. 30, 2024
Current assets:
Cash and cash equivalents	$ 34,359	$ 59,512
Investments	44,915	24,261
Trade accounts receivable, net
Billed	22,350	28,043
Unbilled	421	296
Prepaid expenses and other current assets	5,947	6,584
Total current assets	107,992	118,696
Property and equipment, net of accumulated depreciation of $30,969 at January 31, 2025 and $30,022 at April 30, 2024	4,990	5,554
Goodwill	45,782	45,782
Other intangibles, net of accumulated amortization of $19,187 at January 31, 2025 and $16,639 at April 30, 2024	8,018	10,567
Deferred tax assets	9,586	7,588
Other assets	3,849	4,257
Total assets	180,217	192,444
Current liabilities:
Accounts payable	1,068	1,248
Accrued compensation and related costs	3,695	2,805
Dividends payable	3,706	3,657
Other current liabilities	7,780	5,012
Deferred revenue	38,110	47,621
Total current liabilities	54,359	60,343
Other long-term liabilities	514	1,620
Total liabilities	54,873	61,963
Shareholders’ equity:
Additional paid-in capital	194,190	189,330
Retained deficit	(36,975)	(26,930)
Treasury stock, 5,534,953 shares at January 31, 2025 and 5,534,953 shares at April 30, 2024, at cost	(35,794)	(35,794)
Total shareholders’ equity	125,344	130,481
Commitments and contingencies
Total liabilities and shareholders’ equity	180,217	192,444
Class A Common Shares
Shareholders’ equity:
Common stock value	3,923	3,693
Class B Common Shares
Shareholders’ equity:
Common stock value	$ 0	$ 182

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) $ in Thousands	Jan. 31, 2025 USD ($) $ / shares shares	Apr. 30, 2024 USD ($) $ / shares shares
Allowance for doubtful accounts receivable | $	$ 127	$ 143
Property and equipment, accumulated depreciation | $	30,969	30,022
Other intangibles, accumulated amortization | $	$ 19,187	$ 16,639
Share conversion ratio	1.2	1.2
Class A treasury stock shares (in shares)	5,534,953	5,534,953
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)	39,244,012	36,933,495
Common stock, shares outstanding (in shares)	39,244,012	36,933,495
Class B Common Shares
Common stock, par value (in usd per share) | $ / shares	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	0	10,000,000
Common stock, shares issued (in shares)	0	1,821,587
Common stock, shares outstanding (in shares)	0	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, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Revenues:
Revenues		$ 25,007	$ 25,536	$ 76,485	$ 77,127
Cost of revenues:
Cost of revenues		8,253	9,090	25,754	27,423
Gross margin		16,754	16,446	50,731	49,704
Research and development		4,748	4,546	13,459	13,064
Sales and marketing		6,164	5,039	16,885	16,083
General and administrative		9,164	5,853	20,447	16,775
Amortization of acquisition-related intangibles		191	193	573	346
Total operating expenses		20,267	15,631	51,364	46,268
Operating (loss) income		(3,513)	815	(633)	3,436
Other income (loss):
Interest income		948	777	2,749	2,938
Other, net		(168)	3,640	345	2,788
(Loss) earnings before income taxes		(2,733)	5,232	2,461	9,162
Income tax expense		25	1,080	1,428	1,775
Net (loss) earnings from continuing operations		(2,758)	4,152	1,033	7,387
Discontinued operations (Note F)
Earnings from operations of discontinued operations		0	0	0	255
Gain on disposal of discontinued operations		0	0	0	2,124
Income tax expense of discontinued operations		0	64	0	567
(Loss) earnings from discontinued operations, net of income taxes		0	(64)	0	1,812
Net (loss) earnings		(2,758)	4,088	1,033	9,199
Net (loss) earnings attributable to common shareholders		$ (2,758)	$ 4,088	$ (2,723)	$ 9,199
(Loss) earnings per common share from continuing operations
Basic (in usd per share)	[1]	$ (0.08)	$ 0.12	$ 0.03	$ 0.22
Earnings per common share from discontinued operations
Basic (in usd per share)	[1]	0	0	0	0.05
(Loss) earnings per common share attributable to common shareholders:
Basic (in usd per share)	[1]	(0.08)	0.12	(0.08)	0.27
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)		33,680	33,292	33,507	33,842
Diluted (in shares)		33,680	33,337	33,518	33,866
Class A Common Shares
Discontinued operations (Note F)
Net (loss) earnings attributable to common shareholders		$ (2,758)	$ 3,864	$ (2,660)	$ 8,704
(Loss) earnings per common share from continuing operations
Basic (in usd per share)			$ 0.12		$ 0.22
Diluted (in usd per share)	[1]	$ (0.08)	0.12	$ 0.03	0.22
Earnings per common share from discontinued operations
Basic (in usd per share)			0		0.05
Diluted (in usd per share)	[1]	0	0	0	0.05
(Loss) earnings per common share attributable to common shareholders:
Basic (in usd per share)		(0.08)	0.12	(0.08)	0.27
Diluted (in usd per share)	[1]	$ (0.08)	$ 0.12	$ (0.08)	$ 0.27
Shares used in the calculation of earnings per common share:
Basic (in shares)		33,680	31,470	32,721	32,020
Diluted (in shares)		33,680	33,336	33,518	33,866
Class B Common Shares
Discontinued operations (Note F)
Net (loss) earnings attributable to common shareholders			$ 224	$ (63)	$ 495
(Loss) earnings per common share from continuing operations
Basic (in usd per share)			$ 0.12		$ 0.27
Earnings per common share from discontinued operations
Basic (in usd per share)			0		0
(Loss) earnings per common share attributable to common shareholders:
Basic (in usd per share)			0.12	$ (0.08)	0.27
Diluted (in usd per share)		$ 0	$ 0.12	$ (0.08)	$ 0.27
Shares used in the calculation of earnings per common share:
Basic (in shares)			1,822	786	1,822
Diluted (in shares)			1,822	786	1,822
Subscription fees
Revenues:
Revenues		$ 14,818	$ 14,114	$ 44,131	$ 41,235
Cost of revenues:
Cost of revenues		4,599	4,944	13,971	13,768
License
Revenues:
Revenues		662	277	976	795
Cost of revenues:
Cost of revenues		0	3	46	168
Professional services and other
Revenues:
Revenues		2,712	3,418	10,199	11,107
Cost of revenues:
Cost of revenues		2,331	2,694	7,744	8,610
Maintenance
Revenues:
Revenues		6,815	7,727	21,179	23,990
Cost of revenues:
Cost of revenues		$ 1,323	$ 1,449	$ 3,993	$ 4,877
[1] Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Common Stock is shown above. Diluted earnings per share for Class B shares under the two-class method are $0.00 and $0.12 for the three months ended January 31, 2025 and 2024, and $(0.08) and $0.27 for the Nine months ended January 31, 2025 and 2024. 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, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Class B Common Shares
Diluted (in usd per share)	$ 0	$ 0.12	$ (0.08)	$ 0.27

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, 2023					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]
Issuance of common stock for equity incentive awards (in shares)	[1]				26,253
Issuance of common stock for equity incentive awards	[1]	291			$ 2		289
Stock-based compensation		4,720					4,720
Purchases of common stock		(10,235)							(10,235)
Net earnings (loss)		9,199						9,199
Dividends declared	[1]	(11,169)						(11,169)
Ending balance (in shares) at Jan. 31, 2024					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]
Issuance of common stock for equity incentive awards (in shares)					4,000
Issuance of common stock for equity incentive awards		45					45
Stock-based compensation		1,586					1,586
Purchases of common stock		(5,421)							(5,421)
Net earnings (loss)		4,088						4,088
Dividends declared	[1]	(3,654)						(3,654)
Ending balance (in shares) at Jan. 31, 2024					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 Apr. 30, 2024			36,933,495	1,821,587	36,933,495	1,821,587
Beginning balance at Apr. 30, 2024		130,481			$ 3,693	$ 182	189,330	(26,930)	(35,794)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for equity incentive awards (in shares)	[1]				104,613
Issuance of common stock for equity incentive awards	[1]	100			$ 11		89
Conversion of B Shares to Common Stock (in shares)					2,185,904	(1,821,587)
Conversion of B shares to common stock		0			$ 219	$ (182)	(37)
Stock-based compensation	[1]	4,808					4,808
Net earnings (loss)		1,033						1,033
Dividends declared	[1]	(11,078)						(11,078)
Ending balance (in shares) at Jan. 31, 2025			39,244,012	0	39,224,012	0
Ending balance at Jan. 31, 2025		125,344			$ 3,923	$ 0	194,190	(36,975)	(35,794)
Beginning balance (in shares) at Oct. 31, 2024					39,215,012	0
Beginning balance at Oct. 31, 2024		130,095			$ 3,922	$ 0	192,479	(30,512)	(35,794)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for equity incentive awards (in shares)					9,000
Issuance of common stock for equity incentive awards		100			$ 1		99
Stock-based compensation	[1]	1,612					1,612
Purchases of common stock		0
Net earnings (loss)		(2,758)						(2,758)
Dividends declared	[1]	(3,705)						(3,705)
Ending balance (in shares) at Jan. 31, 2025			39,244,012	0	39,224,012	0
Ending balance at Jan. 31, 2025		$ 125,344			$ 3,923	$ 0	$ 194,190	$ (36,975)	$ (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, 2025	Jan. 31, 2024
Cash flows from operating activities:
Net earnings	$ 1,033	$ 9,199
Earnings from discontinued operations, net of tax	0	(1,812)
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	3,509	3,641
Stock-based compensation expense	4,808	4,720
Net gain on investments	(380)	(1,331)
Deferred income taxes	(3,119)	282
Gain on sale of business	0	(1,438)
Gain on sale of discontinued operations	0	(2,124)
Changes in operating assets and liabilities:
Purchases of trading securities	(46,309)	(3,958)
Proceeds from sales and maturities of trading securities	26,035	6,772
Accounts receivable, net	5,568	4,267
Prepaid expenses and other assets	1,034	(1,150)
Accounts payable and other liabilities	3,489	(3,854)
Deferred revenue	(9,511)	(5,298)
Net cash (used in) provided by operating activities of continuing operations	(13,843)	7,916
Net cash provided by operating activities of discontinued operations	0	1,554
Net cash (used in) provided by operating activities	(13,843)	9,470
Cash flows from investing activities:
Purchases of property and equipment, net of disposals	(383)	(539)
Purchase of business, net of cash acquired	0	(25,041)
Proceeds from sale of business	0	660
Net cash used in investing activities of continuing operations	(383)	(24,920)
Net cash provided by investing activities of discontinued operations	0	1,825
Net cash used in investing activities	(383)	(23,095)
Cash flows from financing activities:
Proceeds from exercise of stock options	100	290
Purchases of common stock	0	(10,235)
Dividends paid	(11,027)	(11,272)
Net cash used in financing activities of continuing operations	(10,927)	(21,217)
Net change in cash and cash equivalents	(25,153)	(34,842)
Cash and cash equivalents at beginning of period	59,512	90,696
Cash and cash equivalents at end of period	34,359	55,854
Supplemental disclosure of cash flow information:
Income taxes, net of refunds	5,831	4,345
Supplemental disclosures of noncash operating, investing and financing activities:
Accrual of dividends payable	3,706	3,654
Conversion of B shares to common stock	$ 3,756	$ 0

Presentation and Summary of Sig

Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2025
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 (the "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, 2025, results of operations for the three and nine months ended January 31, 2025 and 2024, consolidated statements of shareholders’ equity for the three and nine months ended January 31, 2025 and 2024, and cash flows for the nine months ended January 31, 2025 and 2024. The Company’s results for the three and nine months ended January 31, 2025 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 for the fiscal year ended April 30, 2024 (the "Annual Report"). The terms “fiscal 2025” and “fiscal 2024” refer to our fiscal years ending April 30, 2025 and 2024, 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 condensed 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 Logility Supply Chain Solutions, Inc. (formerly known as "American Software, Inc. until October 1, 2024 and, referred to herein as “Logility Parent"), 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. Reclassification of Class B Common Stock On August 20, 2024, Logility Parent consummated a reclassification (the “Reclassification”) of Logility Parent's common stock to eliminate its Class B Common Stock. In connection with the Reclassification, Logility Parent issued 2,185,904 shares of Class A Common Stock to James C. Edenfield, the beneficial owner of all of the issued and outstanding shares of the Class B Shares (the “Class B Shareholder”), pursuant to that certain Reclassification Agreement, dated April 10, 2024 (the “Reclassification Agreement”), by and between Logility Parent and the Class B Shareholder. Pursuant to the Reclassification Agreement, Logility Parent amended and restated its Amended and Restated Articles of Incorporation (the “Second Amended and Restated Articles”), which Logility Parent filed with the Secretary of State of the State of Georgia on August 21, 2024 (the “Effective Time”) to give effect to the Reclassification and the other amendments approved by the Registrant’s shareholders at Logility Parent’s annual meeting of shareholders held on August 20, 2024. Following the Effective Time, each share of Class B Common Stock issued and outstanding immediately prior to the Effective Time was reclassified, exchanged and converted into 1.2 shares of Logility Parent’s Common Stock (formerly known, after giving effect to the Second Amended and Restated Articles, as Class A Common Stock and, referred to herein as "Common Stock" or "Class A Common Stock"). The shares issued to the Class B Shareholder were issued in reliance upon an exemption from registration pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended, which exempts transactions by an issuer not involving any public offering. In accordance with ASC 260, Earnings Per Share , net (loss) earnings per share attributable to common shareholders was reduced by the excess of the fair value of the common shares issued over the carrying amount of the Class B shares surrendered. For further information regarding this transaction, see Note D to the accompanying condensed consolidated financial statements. Merger Agreement On January 24, 2025, Logility Parent entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among Logility Parent, Aptean, Inc., a Delaware corporation (“Aptean”), and Update Merger Sub, Inc., a Georgia corporation and wholly owned subsidiary of Aptean (“Merger Sub”), pursuant to which Logility Parent will be acquired by Aptean by means of a merger of Merger Sub with and into Logility Parent (the “Merger”), with Logility Parent surviving the Merger as a wholly owned subsidiary of Aptean. The Merger and the other transactions contemplated by the Merger Agreement are referred to as the “Transactions.” Subject to the terms and conditions set forth in the Merger Agreement, at the time that the Merger becomes effective (the “Merger Effective Time”), each share of Logility Parent’s common stock, par value $0.10 per share (the “Shares”), issued and outstanding immediately prior to the Merger Effective Time (other than shares owned by Logility Parent as treasury stock, shares owned by any subsidiary of Logility Parent, shares held by Aptean or Merger Sub or any of their wholly owned subsidiaries and shares owned by shareholders who are entitled to exercise, and have properly exercised dissenters’ rights under Georgia law) will be converted automatically into the right to receive $14.30 in cash, without interest. Logility Parent's Board of Directors unanimously (1) adopted the Merger Agreement and determined that the Merger Agreement and the Transactions are advisable, fair to and in the best interests of Logility Parent and Logility Parent’s shareholders, (2) approved the execution, delivery and performance of the Merger Agreement by Logility Parent and the consummation of the Transactions and (3) resolved to submit the Merger Agreement for approval by Logility Parent’s shareholders and recommend that Logility Parent’s shareholders approve the Merger Agreement and the Transactions (the "Logility Parent Shareholder Approval"). Consummation of the Merger is subject to various closing conditions, including, among others, (1) obtaining the Logility Parent Shareholder Approval; (2) the receipt of required regulatory approvals, including expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and clearance under the United Kingdom's National Security and Investment Act 2021; and (3) the absence of any order, judgment, injunction, or determination of a governmental entity (a “Restraint”) or applicable law prohibiting the consummation of the Merger, other than any Restraints or laws that are in jurisdictions that are immaterial to the business and operations of Aptean and Logility Parent or would have an immaterial effect on such parties. Subject to certain limitations, either party may terminate the Merger Agreement if (1) the Merger is not consummated on or before July 24, 2025 (the “Outside Date”), which date may be extended by Aptean, upon written notice to Logility Parent at least three days prior to the Outside Date, until October 24, 2025, under certain circumstances as specified in the Merger Agreement; (2) any order, judgment, injunction, award, decree or writ is adopted or imposed by, including any consent decree, settlement agreement or similar written agreement with, any governmental entity preventing consummation of the Merger has become final and non-appealable; (3) the approval of the Merger Agreement by the affirmative vote of the holders of a majority of the outstanding Shares entitled to vote thereon has not been obtained after conclusion of a duly held special meeting of the shareholders of Logility Parent (including any adjournments and postponements thereof); or (4) the breach of any covenants, representations or warranties on the part of the other party, which breach (a) would result in failure of a condition to the obligation of the terminating party to consummate the Merger and (b) is not cured within the earlier of the Outside Date and 45 days following written notice thereof to the breaching party. Completion of the Merger is currently expected to occur in the second quarter of calendar year 2025, subject.to customary regulatory approvals and the satisfaction of closing conditions detailed in the Merger Agreement. However, because the Merger cannot be completed until the conditions to closing of the Merger are satisfied, Logility Parent cannot assure completion by any particular date, if at all. The consummation of the Merger is not subject to any financing condition. If the Merger is completed, we will become a privately held company, meaning that our common stock will be delisted from the Nasdaq Global Select Market (“Nasdaq”) and deregistered under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) as promptly as practical after the Merger Effective Time. The foregoing summary of the Merger Agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Merger Agreement, which is included as an exhibit to this Quarterly Report on Form 10-Q, and described in more detail in Item 1.01 of our Current Report on Form 8-K filed with the SEC on January 28, 2025. Recent Accounting Pronouncements ASU 2023-07 — In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ", which expands disclosures about a public entity’s reportable segments and requires more enhanced information about a reportable segment’s expenses, interim segment profit or loss, and how a public entity’s chief operating decision maker uses reported segment profit or loss information in assessing segment performance and allocating resources. The standard is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company will begin providing the enhanced reportable segment financial disclosures effective with its Annual Report on Form 10-K as of and for the year ending April 30, 2025. ASU 2023-09 — In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosure s", which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the United States and foreign jurisdictions. The standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is assessing the effect of this update on our consolidated financial statements and related disclosures.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Jan. 31, 2025
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-as-a-Service (“SaaS”), licenses, professional services and other and maintenance. 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 in arrears 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, 2025 and 2024. Maintenance. Revenue is derived from maintenance related to perpetual software licenses 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 term; therefore, time is the best measure of progress. Support services for subscriptions are included in the subscription fees and are recognized as a component of such fees. 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 (Unaudited). 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. 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 (Unaudited) in accordance with Topic 606. Deferred revenue consists of amounts collected prior to having completed the performance of subscriptions and maintenance. 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, 2025, we recognized $43.2 million of revenue that was included in the deferred revenue balance as of April 30, 2024. January 31, April 30, (in thousands) Deferred revenue $ 38,110 $ 47,621 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, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $111.0 million. The Company expects to recognize revenue on approximately 55% of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. Disaggregated Revenue. The Company typically makes international sales through its VARs and employees located in foreign countries and denominates those sales in United States and New Zealand dollars, British pounds sterling or euros. 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 transaction and translation gains and losses associated with foreign currencies were not material for the three and nine months ended January 31, 2025. The Company’s revenue by geography is as follows: Three Months Ended Nine Months Ended 2025 2024 2025 2024 (in thousands) (in thousands) Revenues: Domestic $ 19,411 $ 20,040 $ 59,695 $ 60,646 International 5,596 5,496 16,790 16,481 $ 25,007 $ 25,536 $ 76,485 $ 77,127 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 (Unaudited). Total deferred commissions at January 31, 2025 and April 30, 2024 were $2.0 million and $2.5 million, respectively. Amortization of sales commissions was $0.5 million and $1.2 million for the three and nine months ended January 31, 2025 and $0.4 million and $1.2 million for the three and nine months ended January 31, 2024, respectively, which is included in "Sales and marketing" expense in the accompanying Condensed Consolidated Statements of Operations. No impairment losses were recognized during the periods.

Declaration of Dividend Payable

Declaration of Dividend Payable	9 Months Ended
	Jan. 31, 2025
Dividends [Abstract]
Declaration of Dividend Payable	Declaration of Dividend Payable On November 20, 2024, our Board of Directors declared a quarterly cash dividend of $0.11 per share of our Common Stock. The cash dividend became payable on February 21, 2025 to our shareholders of record at the close of business on February 7, 2025.

(Loss) Earnings Per Common Shar

(Loss) Earnings Per Common Share	9 Months Ended
	Jan. 31, 2025
Earnings Per Share [Abstract]
(Loss) Earnings Per Common Share	(Loss) Earnings Per Common Share Prior to the Reclassification discussed in Note A, Logility Parent had two classes of common stock. As a result, the Company computed the (loss) earnings per share in compliance with the Earnings Per Share Topic of ASC 260, Earnings Per Share , which requires companies that have multiple classes of participating equity securities to use the “two-class” method in computing (loss) earnings per share. Basic (loss) earnings per share are calculated by dividing net (loss) earnings attributable to each class of common stock by the weighted average number of shares outstanding. All undistributed losses or earnings are allocated evenly between Class A and B common shares in the (loss) earnings per share calculation to the extent that earnings equal or exceed $0.05 per share. Diluted (loss) earnings per share is calculated similarly to basic (loss) 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 Logility Parent's stock incentive plans. Diluted (loss) earnings per share excludes all dilutive potential shares of common stock if their effect is anti-dilutive. For the Company’s diluted (loss) earnings per share calculation for common 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. Prior to the Reclassification, the Company used the “two-class” method for the Company’s diluted earnings per share calculation for Class B shares. 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 shareholder and the convertibility rights of the Class B shares into Class A shares. In accordance with ASC 260, Earnings Per Share , and as related to the Reclassification Agreement discussed in Note A, the $3.8 million difference between the fair value of the common shares issued and the carrying value of the Class B shares surrendered was included as a reduction to the numerator in calculating the net (loss) earnings attributable to common shareholders. The following tables set forth the computation of basic (loss) earnings per common share and diluted (loss) earnings per common share (in thousands except for per share amounts): Basic (loss) earnings per common share: Three Months Ended January 31, 2025 Nine Months Ended January 31, 2025 Class A Class A Class B Distributed earnings $ 0.11 $ 0.33 $ 0.33 Undistributed (loss) (0.19) (0.41) (0.41) Total $ (0.08) $ (0.08) $ (0.08) Distributed earnings $ 3,708 $ 10,817 $ 260 Undistributed (loss) (6,466) (9,809) (235) Total $ (2,758) $ 1,008 $ 25 Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement $ — $ (3,668) $ (88) Net (loss) attributable to common shareholders $ (2,758) $ (2,660) $ (63) Basic weighted average common shares 33,680 32,721 786 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 earnings (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 earnings (losses) 410 24 (1,864) (106) Total from continuing operations $ 3,864 $ 224 $ 6,892 $ 495 Total from discontinued operations — — 1,812 — Net earnings attributable to common shareholders $ 3,864 $ 224 $ 8,704 $ 495 Basic weighted average common shares outstanding 31,470 1,822 32,020 1,822 Diluted EPS for Class A Common Shares Using the If-Converted Method Three Months Ended January 31, 2025 Undistributed Class A EPS* Per Basic $ (2,758) 33,680 $ (0.08) Common Stock Equivalents — — — (2,758) 33,680 (0.08) Class B Common Share Conversion* — — — Diluted EPS for Class A Common Shares $ (2,758) 33,680 $ (0.08) Nine Months Ended January 31, 2025 Undistributed Class A EPS* Per Basic $ (2,660) 32,721 $ (0.08) Common Stock Equivalents — 11 — (2,660) 32,732 (0.08) Class B Common Share Conversion (63) 786 — Diluted EPS for Class A Common Shares $ (2,723) 33,518 $ (0.08) 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 Diluted EPS for Class B Common Shares Using the Two-Class Method Nine Months Ended January 31, 2025 Undistributed Class B EPS* Per Basic $ (63) 786 $ (0.08) Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares — — — Diluted EPS for Class B Common Shares $ (63) 786 $ (0.08) 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 ____________ *Amounts adjusted for rounding For the three and nine months ended January 31, 2025 we excluded options to purcha se 6,896,195 and 6,660,537 Common Shares, and 83,587 and 83,587 RSUs, respectively, and for the three and nine months ended January 31, 2024 we excluded options to purcha s e 6,481,015 and 6,184,717 Common Shares, and 0 and 0 RSUs, respectively. We excluded these options because the exercise prices of those options were greater than the average market price of the Common Shares during the applicable period. As of January 31, 2025, we had a total of 6,887,200 options outstanding and as of January 31, 2024, we had a total of 6,427,004 options outstanding. As of January 31, 2025, we had a total of 83,587 RSUs outstanding and as of January 31, 2024, we had a total of 95,411 RSUs outstanding.

Acquisitions

Acquisitions	9 Months Ended
	Jan. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [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, Logility Parent's wholly owned subsidiary, Logility, Inc., 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, Logility, Inc. 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 an AI-first forecasting solution, now called Demand AI+, from the ground up. 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, Logility, Inc. 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 $0 during the three and nine months ended January 31, 2025 and $167,000 and $504,000 during the three and nine months ended January 31, 2024, respectively. The operating results of Garvis are not material for proforma disclosure. The Company allocated $16.2 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 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 352 Current assets 47 Property and equipment, net 27 Goodwill 16,224 Non-compete 2,000 3 years Current technology 9,000 5 years Total assets acquired 27,717 Current liabilities (617) Long-term liabilities (1,992) Total liabilities assumed $ (2,609) 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.

Divestitures

Divestitures	9 Months Ended
	Jan. 31, 2025
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 $200,000 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 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 Sheets (Unaudited) as of January 31, 2025 and April 30, 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 Statements of Operations (Unaudited), Condensed Consolidated Statements of Cash Flows (Unaudited) and in the Notes to Condensed Consolidated Financial Statements. TPM was previously reported in the former IT Consulting segment, which consisted entirely of TPM. The following is selected financial information included in Earnings from discontinued operations for TPM: Three Months Ended Nine Months Ended 2025 2024 2025 2024 Revenue $ — $ — $ — $ 4,932 Cost of revenue — — — 3,959 Total operating expenses $ — $ — $ — $ 718 Gain on disposal of discontinued operations $ — $ — $ — $ 2,124 Earnings before income taxes $ — $ — $ — $ 2,379 Income tax expense — 64 — 567 Earnings from discontinued operations, net of taxes $ — $ (64) $ — $ 1,812

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jan. 31, 2025
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation 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. In addition, stock option grants for employees and contractors for Class A common shares were issued, as follows: Nine Months Ended January 31, 2025 2024 Awards granted: Options 1,311,000 1,485,000 RSUs 83,587 95,411 Total awards granted 1,394,587 1,580,411 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 of approximately $1.4 million and $1.3 million, and income tax expense of approximately $0 and $69,000 from option expirations during the three months ended January 31, 2025 and 2024, respectively. The Company recorded compensation cost related to RSUs of approximately $0.2 million and $0.3 million during the three months ended January 31, 2025 and 2024, respectively. We recorded total compensation cost related to stock options of approximately $4.0 million and $4.0 million, and income tax expense of approximately $0.6 million and $0 from option expirations during the nine months ended January 31, 2025 and 2024, respectively. The Company recorded compensation cost related to RSUs of approximately $0.8 million and $0.7 million during the nine months ended January 31, 2025 and 2024, 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, 2025 and 2024, we issued 9,000 and 26,253 shares of Class A common stock, respectively, resulting from the exercise of stock options. During the nine months ended January 31, 2025 and 2024, we issued 95,613 and 0 shares of Class A common stock, respectively, resulting from the vesting of RSUs. The total intrinsic value of options exercised during the nine months ended January 31, 2025 and 2024 based on market value at the exercise dates was approximately $0 and $40,000, respectively. The total intrinsic value of RSUs released during the nine months ended January 31, 2025 and 2024 based on market value at the exercise dates was approximately $1.1 million and $0, respectively. As of January 31, 2025, unrecognized compensation cost related to unvested stock option and RSU awards approximated $12.9 million and $0.2 million, respectively which we expect to recognize over a weighted average period of 1.63 years.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Jan. 31, 2025
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. 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, 2025 and April 30, 2024, and indicate the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): January 31, 2025 Quoted Prices Significant Significant Balance Cash equivalents $ 27,969 $ — $ — $ 27,969 U.S. Treasury securities 44,915 — — 44,915 Total $ 72,884 $ — $ — $ 72,884 April 30, 2024 Quoted Prices Significant Significant Balance Cash equivalents $ 53,521 $ — $ — $ 53,521 U.S. Treasury securities 24,261 — — 24,261 Total $ 77,782 $ — $ — $ 77,782

Stock Repurchases

Stock Repurchases	9 Months Ended
	Jan. 31, 2025
Equity [Abstract]
Stock Repurchases	Stock RepurchasesOn August 19, 2002, our Board of Directors approved a resolution authorizing the repurchase of up to an additional 2.0 million shares of our Class A common stock (the "2002 Repurchase Plan"). We have completed our repurchase of 2.0 million shares of common stock under the 2002 Repurchase Plan, at a cost of approximately $16.4 million. As of January 31, 2025, under all repurchase plans previously authorized, including the 2002 Repurchase 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, 2025
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, 2025
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) legacy enterprise resource planning software ("ERP"), which provides purchasing and materials management, client order processing, financial, e-commerce and traditional manufacturing solutions, and (ii) unallocated corporate overhead expenses. During the first quarter of fiscal 2025, the Company changed the structure of its internal organization to accelerate the execution of its strategy, including strengthening the Company’s ability to deliver strong financial performance, drive growth in its SCM service offerings, meet changing customer demands in supply chain networks, achieve cost savings and enable strategic innovation across the Company’s SCM businesses. The result of this change was that the operating results related to the Company's former subsidiary New Generation Computing's legacy enterprise resource planning business was repositioned out of the SCM segment and into the Other segment. Certain prior year amounts have been recast to conform to fiscal 2025 presentation. Furthermore, this change had no effect on our previously reported consolidated financial position or consolidated results of operations. 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. The following table sets forth certain financial information from continuing operations attributable to the Company's business segments for the three and nine months ended January 31, 2025 and 2024 (in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2025 2024 2025 2024 Revenue: Supply Chain Management $ 24,192 $ 24,741 $ 74,069 $ 74,535 Other 815 795 2,416 2,592 $ 25,007 $ 25,536 $ 76,485 $ 77,127 Operating income (loss): Supply Chain Management $ 4,768 $ 6,014 $ 17,502 $ 17,778 Other (8,281) (5,199) (18,135) (14,342) $ (3,513) $ 815 $ (633) $ 3,436 Capital expenditures: Supply Chain Management $ 14 $ 21 $ 41 $ 434 Other 89 47 342 155 $ 103 $ 68 $ 383 $ 589 Depreciation and amortization: Supply Chain Management $ 987 $ 1,462 $ 3,006 $ 3,115 Other 168 172 503 526 $ 1,155 $ 1,634 $ 3,509 $ 3,641 Earnings (loss) before income taxes: Supply Chain Management $ 5,109 $ 7,705 $ 18,948 $ 19,735 Other (7,842) (2,473) (16,487) (10,573) $ (2,733) $ 5,232 $ 2,461 $ 9,162

Major Clients

Major Clients	9 Months Ended
	Jan. 31, 2025
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, 2025 and 2024. One client accounted for 10% of Trade accounts receivable as of January 31, 2025. No single client accounted for more than 10% of Trade accounts receivable as of April 30, 2024.

Contingencies

Contingencies	9 Months Ended
	Jan. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies More often than not, the Company 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 Events

Subsequent Events	9 Months Ended
	Jan. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events None.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Pay vs Performance Disclosure
Net earnings	$ (2,758)	$ 4,088	$ 1,033	$ 9,199

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jan. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Presentation and Summary of S_2

Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2025
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements (the "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, 2025, results of operations for the three and nine months ended January 31, 2025 and 2024, consolidated statements of shareholders’ equity for the three and nine months ended January 31, 2025 and 2024, and cash flows for the nine months ended January 31, 2025 and 2024. The Company’s results for the three and nine months ended January 31, 2025 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 for the fiscal year ended April 30, 2024 (the "Annual Report"). The terms “fiscal 2025” and “fiscal 2024” refer to our fiscal years ending April 30, 2025 and 2024, respectively.
Principles of Consolidation and Reclassification of Class B Common Stock	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Logility Supply Chain Solutions, Inc. (formerly known as "American Software, Inc. until October 1, 2024 and, referred to herein as “Logility Parent"), 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 ASU 2023-07 — In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ", which expands disclosures about a public entity’s reportable segments and requires more enhanced information about a reportable segment’s expenses, interim segment profit or loss, and how a public entity’s chief operating decision maker uses reported segment profit or loss information in assessing segment performance and allocating resources. The standard is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company will begin providing the enhanced reportable segment financial disclosures effective with its Annual Report on Form 10-K as of and for the year ending April 30, 2025. ASU 2023-09 — In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosure s", which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the United States and foreign jurisdictions. The standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is assessing the effect of this update on our consolidated financial statements and related disclosures.
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-as-a-Service (“SaaS”), licenses, professional services and other and maintenance. 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 in arrears 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, 2025 and 2024. Maintenance. Revenue is derived from maintenance related to perpetual software licenses 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 term; therefore, time is the best measure of progress. Support services for subscriptions are included in the subscription fees and are recognized as a component of such fees. 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 (Unaudited). 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. 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 (Unaudited) in accordance with Topic 606. Deferred revenue consists of amounts collected prior to having completed the performance of subscriptions and maintenance. 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, 2025, we recognized $43.2 million of revenue that was included in the deferred revenue balance as of April 30, 2024. January 31, April 30, (in thousands) Deferred revenue $ 38,110 $ 47,621 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, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $111.0 million. The Company expects to recognize revenue on approximately 55% of the remaining performance obligations over the next 12 months, with the remainder recognized thereafter. Disaggregated Revenue. The Company typically makes international sales through its VARs and employees located in foreign countries and denominates those sales in United States and New Zealand dollars, British pounds sterling or euros. 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 transaction and translation gains and losses associated with foreign currencies were not material for the three and nine months ended January 31, 2025. The Company’s revenue by geography is as follows: Three Months Ended Nine Months Ended 2025 2024 2025 2024 (in thousands) (in thousands) Revenues: Domestic $ 19,411 $ 20,040 $ 59,695 $ 60,646 International 5,596 5,496 16,790 16,481 $ 25,007 $ 25,536 $ 76,485 $ 77,127 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 (Unaudited). Total deferred commissions at January 31, 2025 and April 30, 2024 were $2.0 million and $2.5 million, respectively. Amortization of sales commissions was $0.5 million and $1.2 million for the three and nine months ended January 31, 2025 and $0.4 million and $1.2 million for the three and nine months ended January 31, 2024, respectively, which is included in "Sales and marketing" expense in the accompanying Condensed Consolidated Statements of Operations. No impairment losses were recognized during the periods.
Merger Agreement	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, 2025
Revenue from Contract with Customer [Abstract]
Schedule of Contract Balances	January 31, April 30, (in thousands) Deferred revenue $ 38,110 $ 47,621
Schedule of Revenue by Geography	The Company’s revenue by geography is as follows: Three Months Ended Nine Months Ended 2025 2024 2025 2024 (in thousands) (in thousands) Revenues: Domestic $ 19,411 $ 20,040 $ 59,695 $ 60,646 International 5,596 5,496 16,790 16,481 $ 25,007 $ 25,536 $ 76,485 $ 77,127

(Loss) Earnings Per Common Sh_2

(Loss) Earnings Per Common Share (Tables)	9 Months Ended
	Jan. 31, 2025
Earnings Per Share [Abstract]
Schedule of Basic (Loss) Earnings Per Common Share	The following tables set forth the computation of basic (loss) earnings per common share and diluted (loss) earnings per common share (in thousands except for per share amounts): Basic (loss) earnings per common share: Three Months Ended January 31, 2025 Nine Months Ended January 31, 2025 Class A Class A Class B Distributed earnings $ 0.11 $ 0.33 $ 0.33 Undistributed (loss) (0.19) (0.41) (0.41) Total $ (0.08) $ (0.08) $ (0.08) Distributed earnings $ 3,708 $ 10,817 $ 260 Undistributed (loss) (6,466) (9,809) (235) Total $ (2,758) $ 1,008 $ 25 Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement $ — $ (3,668) $ (88) Net (loss) attributable to common shareholders $ (2,758) $ (2,660) $ (63) Basic weighted average common shares 33,680 32,721 786 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 earnings (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 earnings (losses) 410 24 (1,864) (106) Total from continuing operations $ 3,864 $ 224 $ 6,892 $ 495 Total from discontinued operations — — 1,812 — Net earnings attributable to common shareholders $ 3,864 $ 224 $ 8,704 $ 495 Basic weighted average common shares outstanding 31,470 1,822 32,020 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, 2025 Undistributed Class A EPS* Per Basic $ (2,758) 33,680 $ (0.08) Common Stock Equivalents — — — (2,758) 33,680 (0.08) Class B Common Share Conversion* — — — Diluted EPS for Class A Common Shares $ (2,758) 33,680 $ (0.08) Nine Months Ended January 31, 2025 Undistributed Class A EPS* Per Basic $ (2,660) 32,721 $ (0.08) Common Stock Equivalents — 11 — (2,660) 32,732 (0.08) Class B Common Share Conversion (63) 786 — Diluted EPS for Class A Common Shares $ (2,723) 33,518 $ (0.08) 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
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 Nine Months Ended January 31, 2025 Undistributed Class B EPS* Per Basic $ (63) 786 $ (0.08) Reallocation of undistributed earnings/losses from Class A Common Shares to Class B Common Shares — — — Diluted EPS for Class B Common Shares $ (63) 786 $ (0.08) 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 ____________ *Amounts adjusted for rounding

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Jan. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following 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 352 Current assets 47 Property and equipment, net 27 Goodwill 16,224 Non-compete 2,000 3 years Current technology 9,000 5 years Total assets acquired 27,717 Current liabilities (617) Long-term liabilities (1,992) Total liabilities assumed $ (2,609) Net assets acquired $ 25,108

Divestitures (Tables)

Divestitures (Tables)	9 Months Ended
	Jan. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]
Schedule of 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 2025 2024 2025 2024 Revenue $ — $ — $ — $ 4,932 Cost of revenue — — — 3,959 Total operating expenses $ — $ — $ — $ 718 Gain on disposal of discontinued operations $ — $ — $ — $ 2,124 Earnings before income taxes $ — $ — $ — $ 2,379 Income tax expense — 64 — 567 Earnings from discontinued operations, net of taxes $ — $ (64) $ — $ 1,812

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Jan. 31, 2025
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, 2025 2024 Awards granted: Options 1,311,000 1,485,000 RSUs 83,587 95,411 Total awards granted 1,394,587 1,580,411

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Jan. 31, 2025
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, 2025 and April 30, 2024, and indicate the fair value hierarchy of the valuation techniques we used to determine such fair value (in thousands): January 31, 2025 Quoted Prices Significant Significant Balance Cash equivalents $ 27,969 $ — $ — $ 27,969 U.S. Treasury securities 44,915 — — 44,915 Total $ 72,884 $ — $ — $ 72,884 April 30, 2024 Quoted Prices Significant Significant Balance Cash equivalents $ 53,521 $ — $ — $ 53,521 U.S. Treasury securities 24,261 — — 24,261 Total $ 77,782 $ — $ — $ 77,782

Industry Segments (Tables)

Industry Segments (Tables)	9 Months Ended
	Jan. 31, 2025
Segment Reporting [Abstract]
Schedule of Segment Operating Profit or Loss	The following table sets forth certain financial information from continuing operations attributable to the Company's business segments for the three and nine months ended January 31, 2025 and 2024 (in thousands): Three Months Ended January 31, Nine Months Ended January 31, 2025 2024 2025 2024 Revenue: Supply Chain Management $ 24,192 $ 24,741 $ 74,069 $ 74,535 Other 815 795 2,416 2,592 $ 25,007 $ 25,536 $ 76,485 $ 77,127 Operating income (loss): Supply Chain Management $ 4,768 $ 6,014 $ 17,502 $ 17,778 Other (8,281) (5,199) (18,135) (14,342) $ (3,513) $ 815 $ (633) $ 3,436 Capital expenditures: Supply Chain Management $ 14 $ 21 $ 41 $ 434 Other 89 47 342 155 $ 103 $ 68 $ 383 $ 589 Depreciation and amortization: Supply Chain Management $ 987 $ 1,462 $ 3,006 $ 3,115 Other 168 172 503 526 $ 1,155 $ 1,634 $ 3,509 $ 3,641 Earnings (loss) before income taxes: Supply Chain Management $ 5,109 $ 7,705 $ 18,948 $ 19,735 Other (7,842) (2,473) (16,487) (10,573) $ (2,733) $ 5,232 $ 2,461 $ 9,162

Presentation and Summary of S_3

Presentation and Summary of Significant Accounting Policies - Additional Information (Details) $ / shares in Units, $ in Millions			1 Months Ended
	Aug. 20, 2024 shares	Sep. 18, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jan. 31, 2025	Jan. 24, 2025 $ / shares	Apr. 30, 2024
Schedule of Equity Method Investments [Line Items]
Conversion of B Shares to Common Stock (in shares) | shares	2,185,904
Share conversion ratio	1.2			1.2		1.2
Aptean Merger Agreement
Schedule of Equity Method Investments [Line Items]
Common stock, par value (in usd per share)					$ 0.10
Business acquisition, share price (in dollars per share)					$ 14.30
Discontinued Operations, Disposed of by Sale | TPM
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 ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024	Apr. 30, 2024
Revenue Recognition [Line Items]
Deferred revenue recognized			$ 43,200,000
Remaining performance obligations	$ 111,000,000		111,000,000
Deferred commissions	2,000,000		2,000,000		$ 2,500,000
Amortization of sales commissions	500,000	$ 400,000	1,200,000	$ 1,200,000
Impairment loss	$ 0	$ 0	$ 0	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-01
Revenue Recognition [Line Items]
Remaining revenue to be recognized	55%		55%
Revenue recognition in next twelve months	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-02-01
Revenue Recognition [Line Items]
Revenue recognition in next twelve months
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 - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Apr. 30, 2024
Contract Balances:
Deferred revenue	$ 38,110	$ 47,621

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Revenues:
Revenues	$ 25,007	$ 25,536	$ 76,485	$ 77,127
Domestic
Revenues:
Revenues	19,411	20,040	59,695	60,646
International
Revenues:
Revenues	$ 5,596	$ 5,496	$ 16,790	$ 16,481

Declaration of Dividend Payab_2

Declaration of Dividend Payable (Details) - $ / shares	3 Months Ended		9 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Dividends [Abstract]
Cash dividends declared per common share (in usd per share)	$ 0.11	$ 0.11	$ 0.33	$ 0.33

(Loss) Earnings Per Common Sh_3

(Loss) Earnings Per Common Share - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Earnings Per Share [Line Items]
Earnings per share, undistributed, threshold for even allocation (in dollars per share)	$ 0.05		$ 0.05
Stock conversion, consideration transferred in excess of cost basis	$ 3.8
Options to purchase outstanding (in shares)	6,887,200	6,427,004	6,887,200	6,427,004
Options
Earnings Per Share [Line Items]
Options to purchase excluded (in shares)	6,896,195	6,481,015	6,660,537	6,184,717
RSUs
Earnings Per Share [Line Items]
Options to purchase excluded (in shares)	83,587	0	83,587	0
RSUs
Earnings Per Share [Line Items]
Non-option equity instruments outstanding (in shares)	83,587	95,411	83,587	95,411

(Loss) Earnings Per Common Sh_4

(Loss) Earnings Per Common Share - Basic (Loss) Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total from continuing operations (in usd per share)	[1]	$ (0.08)	$ 0.12	$ 0.03	$ 0.22
Total from discontinued operations (in usd per share)	[1]	0	0	0	0.05
Total (in usd per share)	[1]	$ (0.08)	$ 0.12	$ (0.08)	$ 0.27
Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement		$ (3,800)
Net earnings (loss) attributable to common shareholders		$ (2,758)	$ 4,088	$ (2,723)	$ 9,199
Basic weighted average common shares outstanding (in shares)		33,680	33,292	33,507	33,842
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 earnings (losses) (in usd per share)		(0.19)	0.01	(0.41)	(0.06)
Total from continuing operations (in usd per share)			0.12		0.22
Total from discontinued operations (in usd per share)			0		0.05
Total (in usd per share)		$ (0.08)	$ 0.12	$ (0.08)	$ 0.27
Distributed earnings		$ 3,708	$ 3,454	$ 10,817	$ 10,568
Undistributed earnings (losses)		(6,466)	410	(9,809)	(1,864)
Total		(2,758)		1,008
Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement		0		(3,668)
Total from continuing operations			3,864		6,892
Total from discontinued operations			0		1,812
Net earnings (loss) attributable to common shareholders		$ (2,758)	$ 3,864	$ (2,660)	$ 8,704
Basic weighted average common shares outstanding (in shares)		33,680	31,470	32,721	32,020
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	$ 0.33	$ 0.33
Undistributed earnings (losses) (in usd per share)			0.01	(0.41)	(0.06)
Total from continuing operations (in usd per share)			0.12		0.27
Total from discontinued operations (in usd per share)			0		0
Total (in usd per share)			$ 0.12	$ (0.08)	$ 0.27
Distributed earnings			$ 200	$ 260	$ 601
Undistributed earnings (losses)			24	(235)	(106)
Total				25
Consideration transferred in excess of Class B shares cost basis pursuant to the Reclassification Agreement				(88)
Total from continuing operations			224		495
Total from discontinued operations			0		0
Net earnings (loss) attributable to common shareholders			$ 224	$ (63)	$ 495
Basic weighted average common shares outstanding (in shares)			1,822	786	1,822
[1] Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Common Stock is shown above. Diluted earnings per share for Class B shares under the two-class method are $0.00 and $0.12 for the three months ended January 31, 2025 and 2024, and $(0.08) and $0.27 for the Nine months ended January 31, 2025 and 2024. See Note D to the condensed consolidated financial statements.

(Loss) Earnings Per Common Sh_5

(Loss) 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, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed and distributed earnings		$ (2,758)	$ 4,088	$ (2,723)	$ 9,199
Basic weighted average common shares outstanding (in shares)		33,680	33,292	33,507	33,842
Class A common shares diluted (in shares)		33,680	33,337	33,518	33,866
Basic EPS (in usd per share)	[1]	$ (0.08)	$ 0.12	$ (0.08)	$ 0.27
Class A Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed and distributed earnings		$ (2,758)	$ 3,864	$ (2,660)	$ 8,704
Undistributed and distributed earnings, class B conversion		0	224	(63)	495
Diluted EPS, Net earnings		$ (2,758)	$ 4,088	$ (2,723)	$ 9,199
Basic weighted average common shares outstanding (in shares)		33,680	31,470	32,721	32,020
Common stock equivalents (in shares)		0	44	11	24
Weighted average shares including common stock equivalents, diluted (in shares)		33,680	31,514	32,732	32,044
Class B common share conversion (in shares)		0	1,822	786	1,822
Class A common shares diluted (in shares)		33,680	33,336	33,518	33,866
Basic EPS (in usd per share)		$ (0.08)	$ 0.12	$ (0.08)	$ 0.27
Diluted EPS (in usd per share)	[1]	$ (0.08)	$ 0.12	$ (0.08)	$ 0.27
[1] Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Common Stock is shown above. Diluted earnings per share for Class B shares under the two-class method are $0.00 and $0.12 for the three months ended January 31, 2025 and 2024, and $(0.08) and $0.27 for the Nine months ended January 31, 2025 and 2024. See Note D to the condensed consolidated financial statements.

(Loss) Earnings Per Common Sh_6

(Loss) 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, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed and distributed earnings		$ (2,758)	$ 4,088	$ (2,723)	$ 9,199
Basic weighted average common shares outstanding (in shares)		33,680	33,292	33,507	33,842
Diluted EPS for class B common shares (in shares)		33,680	33,337	33,518	33,866
Basic EPS (in usd per share)	[1]	$ (0.08)	$ 0.12	$ (0.08)	$ 0.27
Class B Common Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Undistributed and distributed earnings			$ 224	$ (63)	$ 495
Reallocation of undistributed earnings			0	0	0
Diluted EPS, Net earnings			$ 224	$ (63)	$ 495
Basic weighted average common shares outstanding (in shares)			1,822	786	1,822
Diluted EPS for class B common shares (in shares)			1,822	786	1,822
Basic EPS (in usd per share)			$ 0.12	$ (0.08)	$ 0.27
Diluted EPS (in usd per share)		$ 0	$ 0.12	$ (0.08)	$ 0.27
[1] Basic per share amounts are the same for Class A and Class B shares. Diluted per share amounts for Common Stock is shown above. Diluted earnings per share for Class B shares under the two-class method are $0.00 and $0.12 for the three months ended January 31, 2025 and 2024, and $(0.08) and $0.27 for the Nine months ended January 31, 2025 and 2024. See Note D to the condensed consolidated financial statements.

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 05, 2023	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024	Apr. 30, 2024
Business Acquisition [Line Items]
Purchase of business, net of cash acquired				$ 0	$ 25,041
Goodwill		$ 45,782		45,782		$ 45,782
Garvis
Business Acquisition [Line Items]
Issued and outstanding shares acquired (in percent)	100%
Purchase of business, net of cash acquired	$ 25,000
Business acquisition costs incurred		$ 0	$ 167	$ 0	$ 504
Goodwill	$ 16,224

Acquisitions - Allocation of To

Acquisitions - Allocation of Total Purchase Price (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Apr. 30, 2024	Sep. 05, 2023
Business Acquisition [Line Items]
Goodwill	$ 45,782	$ 45,782
Garvis
Business Acquisition [Line Items]
Cash			$ 67
Accounts receivable, net			352
Current assets			47
Property and equipment, net			27
Goodwill			16,224
Total assets acquired			27,717
Current liabilities			(617)
Long-term liabilities			(1,992)
Total liabilities assumed			(2,609)
Net assets acquired			25,108
Garvis | Non-compete
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			5 years

Divestitures - Additional Infor

Divestitures - Additional Information (Details) - Discontinued Operations, Disposed of by Sale - TPM $ in Thousands		1 Months Ended
	Sep. 18, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jan. 31, 2025 USD ($)
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			$ 200
Equal increments for release of escrow deposit not subject to then outstanding indemnification claims			$ 100

Divestitures - Earning from Dis

Divestitures - Earning from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of discontinued operations	$ 0	$ 0	$ 0	$ 2,124
Income tax expense	0	64	0	567
(Loss) earnings from discontinued operations, net of income taxes	0	(64)	0	1,812
Discontinued Operations, Disposed of by Sale | TPM
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	0	0	0	4,932
Cost of revenue	0	0	0	3,959
Total operating expenses	0	0	0	718
Gain on disposal of discontinued operations	0	0	0	2,124
Earnings before income taxes	0	0	0	2,379
Income tax expense	0	64	0	567
(Loss) earnings from discontinued operations, net of income taxes	$ 0	$ (64)	$ 0	$ 1,812

Stock-Based Compensation- Share

Stock-Based Compensation- Share-Based Payment Arrangement, Nonemployee Director Award Plan, Activity (Details) - shares	9 Months Ended
	Jan. 31, 2025	Jan. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total awards granted (in shares)	1,394,587	1,580,411
Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total awards granted (in shares)	1,311,000	1,485,000
RSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total awards granted (in shares)	83,587	95,411

Stock-Based Compensation- Addit

Stock-Based Compensation- Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options exercised (in shares)			9,000	26,253
Total intrinsic value of options exercised			$ 0	$ 40
Unrecognized compensation cost related to unvested stock option	$ 12,900		12,900
Unrecognized compensation cost related to unvested RSU	200		$ 200
Weighted average period for unrecognized compensation cost			1 year 7 months 17 days
Options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	1,400	$ 1,300	$ 4,000	4,000
Income tax expense	0	69	600	0
RSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 200	$ 300	$ 800	$ 700
Stock options vesting RSU (in Shares)			95,613	0
Total intrinsic value of RSU			$ 1,100	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jan. 31, 2025	Apr. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 27,969	$ 53,521
Total	72,884	77,782
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Treasury securities	44,915	24,261
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	27,969	53,521
Total	72,884	77,782
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Treasury securities	44,915	24,261
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Total	0	0
Significant Other Observable Inputs (Level 2) | U.S. 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
Total	0	0
Significant Unobservable Inputs (Level 3) | U.S. 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	29 Months Ended
	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2024	Jan. 31, 2025	Aug. 19, 2002
Equity, Class of Treasury Stock [Line Items]
Purchases of common stock	$ 0	$ 5,421	$ 10,235
Class A Common Shares | All Share Repurchase Plans
Equity, Class of Treasury Stock [Line Items]
Common stock shares repurchased (in shares)				5,534,953
Purchases of common stock				$ 35,800
Class A Common Shares | Shares Stock Repurchase Plan, August 19, 2002
Equity, Class of Treasury Stock [Line Items]
Approved number of shares to be repurchased (in shares)					2,000,000
Common stock shares repurchased (in shares)				2,000,000
Purchases of common stock				$ 16,400

Industry Segments - Additional

Industry Segments - Additional Information (Details)	9 Months Ended
	Jan. 31, 2025 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, 2025	Jan. 31, 2024	Jan. 31, 2025	Jan. 31, 2024
Segment Reporting Information [Line Items]
Revenue	$ 25,007	$ 25,536	$ 76,485	$ 77,127
Operating income (loss)	(3,513)	815	(633)	3,436
Capital expenditures	103	68	383	589
Depreciation and amortization	1,155	1,634	3,509	3,641
Earnings (loss) before income taxes	(2,733)	5,232	2,461	9,162
Supply Chain Management
Segment Reporting Information [Line Items]
Revenue	24,192	24,741	74,069	74,535
Operating income (loss)	4,768	6,014	17,502	17,778
Capital expenditures	14	21	41	434
Depreciation and amortization	987	1,462	3,006	3,115
Earnings (loss) before income taxes	5,109	7,705	18,948	19,735
Other
Segment Reporting Information [Line Items]
Revenue	815	795	2,416	2,592
Operating income (loss)	(8,281)	(5,199)	(18,135)	(14,342)
Capital expenditures	89	47	342	155
Depreciation and amortization	168	172	503	526
Earnings (loss) before income taxes	$ (7,842)	$ (2,473)	$ (16,487)	$ (10,573)

Major Clients (Details)

Major Clients (Details)	9 Months Ended
	Jan. 31, 2025
Customer Concentration Risk | Accounts Receivable | Client One
Segment Reporting Information [Line Items]
Concentration risk, percentage	10%