JTH had net income of $17.3 million for the year ended April 30. That was after an after-tax charge of $800,000 associated with costs for the IPO. Non-GAAP net income for fiscal 2012 was $18.3 million, an increase of 16 percent over fiscal 2011. Revenue for the most recently reported year was $109.1 million, a 14-percent increase over the prior year.

During the 2012 tax season, Liberty operated 4,183 office locations in the United States and Canada, compared to 3,845 during the 2011 tax season. Total returns prepared increased to 2.2 million, up from 2 million.
Liberty also replaced a credit facility that was due to mature in March 2013 with a five-year facility through a syndicate of seven banks. The $130 million lending package has a $25 million term line and $105 million revolving line of credit.

Bob Scott

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Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind