(in 000s) | ||||||||
Year ended April 30, | 2013 | 2012 | ||||||
Balance, beginning of the year | $ | 141,080 | $ | 140,603 | ||||
Amounts deferred for new guarantees issued | 76,561 | 76,080 | ||||||
Revenue recognized on previous deferrals | (71,355 | ) | (75,603 | ) | ||||
Balance, end of the year | $ | 146,286 | $ | 141,080 | ||||