Annual report pursuant to Section 13 and 15(d)

Quarterly Results (Unaudited)

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Quarterly Results (Unaudited)
12 Months Ended
Apr. 30, 2011
Quarterly Results [Abstract]  
Quarterly Results (Unaudited)
 
16.   Quarterly Results (Unaudited)
 
The following table sets forth certain unaudited statement of operations data for the quarters in fiscal 2011 and 2010. The unaudited quarterly information has been prepared on the same basis as the annual financial statements and, in management’s opinion, includes all adjustments necessary to present fairly the information for the quarters presented.
 
                                                                 
    Quarters Ended
    Fiscal 2011   Fiscal 2010
    April 30   January 31   October 31   July 31   April 30   January 31   October 31   July 31
    (In thousands, except per share data)
 
Fee revenue
  $ 197,298     $ 186,489     $ 185,350     $ 175,112     $ 168,690     $ 146,742     $ 140,145     $ 116,803  
Operating income (loss)
  $ 26,246     $ 20,492     $ 19,775     $ 19,272     $ 13,629     $ 6,383     $ 2,218     $ (24,952 )
Net income (loss)
  $ 20,339     $ 13,975     $ 13,656     $ 10,904     $ 8,916     $ 7,910     $ 2,745     $ (14,273 )
Net income (loss) per share:
                                                               
Basic
  $ 0.45     $ 0.31     $ 0.30     $ 0.24     $ 0.20     $ 0.18     $ 0.06     $ (0.33 )
Diluted
  $ 0.43     $ 0.30     $ 0.30     $ 0.24     $ 0.19     $ 0.17     $ 0.06     $ (0.33 )