XBRL Cloud: Business Report

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Network	127 - Disclosure - Income Taxes (Tables) (http://www.amsoftware.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlockTables)
Table	Statement [Table]

Slicers (applies to each fact value in each table cell)

Reporting Entity [Axis]	0000713425 (http://www.sec.gov/CIK)
Legal Entity [Axis]	Entity [Domain]

Statement [Line Items]

Period [Axis]

2015-05-01 - 2016-04-30

Income Tax Expense

Income tax expense consisted of the following:


	Years ended April 30,
	2016			2015			2014
	(In thousands)
Current:
Federal	$	4.105		$	2,506		$	4,253
State		665			501			686

		4,770			3,007			4,939

Deferred:
Federal		(299	)		(697	)		557
State		(13	)		(36	)		70

		(312	)		(733	)		627

	$	4,458		$	2,274		$	5,566

Earnings before Income Taxes Due to Change in Effective Income Tax Rate

The Company’s actual income tax expense differs from the “expected” income tax expense calculated by applying the Federal statutory rate of 35% for fiscal years 2016, 2015 and 2014, to earnings before income taxes as follows:


	Years ended April 30,
	2016			2015			2014
	(In thousands)
Computed “expected” income tax expense	$	5,145		$	3,641		$	5,564
Increase (decrease) in income taxes resulting from:
State income taxes, net of Federal income tax effect		435			269			493
Research and development credits		(694	)		(516	)		(258	)
Change in valuation allowance for deferred tax assets		(2	)		(5	)		45
Tax contingencies		(13	)		(955	)		(47	)
Other, net, including permanent items		(413	)		(160	)		(231	)

	$	4,458		$	2,274		$	5,566

Significant Components of Deferred Income Tax (Benefit) Expense Attributable to Income from Continuing Operations before Income Taxes

The significant components of deferred income tax (benefit) expense attributable to income from continuing operations before income taxes for the years ended April 30, 2016, 2015, and 2014 are as follows:


	Years ended April 30,
	2016			2015			2014
	(In thousands)
Deferred tax (benefit)/expense	$	(310	)	$	(728	)	$	582
(Decrease) increase in the valuation allowance for deferred tax assets		(2	)		(5	)		45

	$	(312	)	$	(733	)	$	627

Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at April 30, 2016 and 2015 are presented as follows:


	2016			2015
	(In thousands)
Deferred tax assets:
Accruals and expenses not deducted for tax purposes	$	1,037		$	914
State net operating loss carryforwards		333			350
Intangible assets and fixed asset basis differences		1,655			1,803
Nonqualified stock options		1,870			1,452

Total gross deferred tax assets		4,895			4,519
Less valuation allowance		459			461

Net deferred tax assets		4,436			4,058

Deferred tax liabilities:
Capitalized computer software development costs		(3,500	)		(3,758	)
Net gains/losses on trading securities		(650	)		(605	)
Goodwill		(957	)		(752	)
Other		(648	)		(575	)

Total gross deferred tax liabilities		(5,755	)		(5,690	)

Net deferred tax liabilities	$	(1,319	)	$	(1,631	)

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows, excluding interest and penalties (in thousands):


	2016			2015
Balance at beginning of the period	$	61		$	953
Decreases as a result of positions taken during prior periods		(20	)		(896	)
Increases as a result of positions taken during the current period		13			4

Balance at April 30,	$	54		$	61