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Document and Entity Information In Thousands	3 Months Ended
Document and Entity Information In Thousands	Jul. 31, 2011	Aug. 22, 2011
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2011
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2012
Entity Registrant Name	FLOW INTERNATIONAL CORP
Entity Central Index Key	0000713002
Current Fiscal Year End Date	--04-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		47,720,076

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	3 Months Ended	12 Months Ended
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Jul. 31, 2011	Apr. 30, 2011
ASSETS
Cash and Cash Equivalents	$ 7,941	$ 9,096
Restricted Cash	1,414	1,766
Receivables, net	42,990	47,082
Inventories, net	31,720	28,609
Other Current Assets	10,565	11,539
Total Current Assets	94,630	98,092
Property and Equipment, net	18,974	19,104
Intangible Assets, net	4,764	4,738
Deferred Tax Assets, net	25,630	25,171
Other Long-Term Assets	6,047	5,958
Total Assets	150,045	153,063
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes Payable	3,100	5,500
Current Portion of Long-Term Obligations	20	25
Accounts Payable	18,098	17,363
Accrued Payroll and Related Liabilities	6,984	7,080
Taxes Payable and Other Accrued Taxes	2,590	2,378
Deferred Revenue and Customer Deposits	11,103	13,317
Other Accrued Liabilities	11,028	11,298
Total Current Liabilities	52,923	56,961
Deferred Income Taxes	5,517	5,711
Subordinated Notes	8,930	8,723
Other Long-Term Liabilities	2,230	2,214
Total Liabilities	69,600	73,609
Commitments and Contingencies
Shareholders' Equity:
Series A 8% Convertible Preferred Stock, $.01 par value, 1,000 shares authorized; no shares issued and outstanding	0	0
Common Stock, $.01 par value, 84,000 shares authorized; 47,720 and 47,378 shares issued and outstanding	472	469
Capital in Excess of Par	161,927	161,741
Accumulated Deficit	(78,410)	(79,121)
Accumulated Other Comprehensive Income (Loss):
Defined Benefit Plan Obligation, net of income tax	(68)	(68)
Cumulative Translation Adjustment, net of income tax	(3,476)	(3,567)
Total Shareholders' Equity	80,445	79,454
Total Liabilities and Shareholders' Equity	$ 150,045	$ 153,063

CONDENSED CONSOLIDATED BALANCE SHEETS Parenthetical (USD $)	Jul. 31, 2011	Apr. 30, 2011
Preferred Stock, stated percentage rate	8.00%	8.00%
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	1,000	1,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	84,000,000	84,000,000
Common Stock, shares issued	47,720,000	47,378,000
Common Stock, shares outstanding	47,720,000	47,378,000

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data	3 Months Ended
	Jul. 31, 2011	Jul. 31, 2010
Sales	$ 60,030	$ 46,580
Cost of Sales	36,910	27,247
Gross Margin	23,120	19,333
Operating Expenses:
Sales and Marketing	12,696	10,596
Research and Engineering	2,656	2,146
General and Administrative	6,609	5,958
Total Operating Expenses	21,961	18,700
Operating Income	1,159	633
Interest Income	40	21
Interest Expense	(311)	(413)
Other Income (Expense), net	(134)	292
Income Before Taxes	754	533
Provision for Income Taxes	(100)	(1,064)
Income (Loss) from Continuing Operations	654	(531)
Income (Loss) from Discontinued Operations, net of Income Tax of $0 and $0	57	(9)
Net Income (Loss)	$ 711	$ (540)
Basic and Diluted Income (Loss) Per Share:
Income (Loss) from Continuing Operations	$ 0.01	$ (0.01)
Discontinued Operations	$ 0.00	$ 0.00
Net Income (Loss)	$ 0.01	$ (0.01)
Weighted Average Shares Used in Computing Basic and Diluted Income (Loss) Per Share:
Basic	47,532	47,044
Diluted	47,541	47,044

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS Parenthetical (USD $) In Thousands	3 Months Ended
	Jul. 31, 2011	Jul. 31, 2010
Income Tax effect on Loss from Discontinued Operations	$ 0	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	3 Months Ended
	Jul. 31, 2011	Jul. 31, 2010
Cash Flows from Operating Activities:
Net Income (Loss)	$ 711	$ (540)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by Operating Activities:
Depreciation and Amortization	1,572	1,622
Deferred Income Taxes	(57)	1,035
Provision for Slow Moving and Obsolete Inventory	145	102
Bad Debt Expense	178	31
Warranty Expense	1,035	767
Incentive Stock Compensation Expense	577	643
Unrealized Foreign Exchange Currency (Gains) Losses	404	(368)
Amortization and Write-off of Deferred Debt Issuance Costs	18	110
Indemnification Charge	(57)	9
Interest Accretion on Subordinated Notes	207	183
Other	2	9
Changes in Operating Assets and Liabilities:
Receivables	3,919	653
Inventories	(3,367)	(2,395)
Other Operating Assets	277	415
Accounts Payable	(136)	(388)
Accrued Payroll and Related Liabilities	128	(73)
Deferred Revenue and Customer Deposits	(2,141)	1,074
Other Operating Liabilities	(1,545)	(1,078)
Net Cash Provided by Operating Activities	1,870	1,811
Cash Flows From Investing Activities:
Expenditures for Property and Equipment	(557)	(508)
Expenditures for Intangible Assets	(74)	(189)
Proceeds from Sale of Property and Equipment	38	17
Restricted Cash	309	(116)
Net Cash Used in Investing Activities	(284)	(796)
Cash Flows From Financing Activities:
Borrowings under Credit Facility	14,900	12,000
Repayments under Credit Facility	(17,300)	(12,350)
Repayments Under Other Financing Arrangements	(41)	(22)
Net Cash Used In Financing Activities	(2,441)	(372)
Effect of Changes in Exchange Rates	(300)	214
Net Change in Cash And Cash Equivalents	(1,155)	857
Cash and Cash Equivalents, Beginning of Period	9,096	6,367
Cash and Cash Equivalents, End of Period	7,941	7,224
Supplemental Disclosures of Cash Flow Information:
Interest	132	83
Income Taxes	378	382
Supplemental Disclosures of Noncash Investing and Financing Activities:
Accounts Payable Incurred to Acquire Property and Equipment, and Intangible Assets	$ 983	$ 180

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE LOSS (USD $) In Thousands	Total	Common Stock	Capital In Excess of Par	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balances, value at Apr. 30, 2010	$ 75,624	$ 465	$ 159,605	$ (79,887)	$ (4,559)
Balances, shares at Apr. 30, 2010		46,927
Components of Comprehensive Loss:
Net Income (Loss)	(540)			(540)
Cumulative Translation Adjustment, Net of Income Tax	(277)				(277)
Total Comprehensive Loss	(817)
Stock Compensation, value	342	2	340
Stock Compensation, shares		223
Balances, value at Jul. 31, 2010	75,149	467	159,945	(80,427)	(4,836)
Balances, shares at Jul. 31, 2010		47,150
Balances, value at Apr. 30, 2011	79,454	469	161,741	(79,121)	(3,635)
Balances, shares at Apr. 30, 2011	47,378	47,378
Components of Comprehensive Loss:
Net Income (Loss)	711			711
Cumulative Translation Adjustment, Net of Income Tax	91				91
Total Comprehensive Loss	802
Stock Compensation, value	189	3	186
Stock Compensation, shares		342
Balances, value at Jul. 31, 2011	$ 80,445	$ 472	$ 161,927	$ (78,410)	$ (3,544)
Balances, shares at Jul. 31, 2011	47,720	47,720

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY AND COMPREHENSIVE LOSS Parenthetical (USD $)	3 Months Ended
	Jul. 31, 2011	Jul. 31, 2010
Other Comprehensive Income, Foreign Currency Translation Adjustment, Tax	$ 15,000	$ 21,000

Basis of Presentation	3 Months Ended
Basis of Presentation	Jul. 31, 2011
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of the management of Flow International Corporation (the “Company”), the accompanying unaudited condensed consolidated financial statements (“financial statements”) are prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) for interim financial information and rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures usually found in financial statements prepared in accordance with GAAP have been condensed or omitted. The unaudited financial statements reflect all adjustments, which in the opinion of management are necessary to fairly state the financial position, results of operations and cash flows for the interim periods presented. These financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended April 30, 2011. The preparation of these interim condensed consolidated financial statements requires management to make estimates and judgments that affect the reported amount of assets and liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities at the date of the Company’s financial statements. Operating results for the three months ended July 31, 2011 may not be indicative of future results. Fair Value of Financial Instruments The carrying value of the Company’s current assets and liabilities approximate fair values due to the short-term maturity of these assets and liabilities. Nonfinancial assets and liabilities measured on a nonrecurring basis that are included in the Company’s Condensed Consolidated Balance Sheets consist of long-lived assets, including cost-method investments and long-term subordinated notes issued to the OMAX Corporation ("OMAX"), that are measured at fair value when impairment indicators exist. Due to significant unobservable inputs, the fair value measures used to evaluate impairment and to calculate a prevailing market interest rate are Level 3 inputs. The carrying amount of these nonfinancial assets and liabilities measured on a nonrecurring basis approximates fair value unless otherwise disclosed in these financial statements.

- Definition

Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References+ Details

Recently Issued Accounting Pronouncements	3 Months Ended
Recently Issued Accounting Pronouncements	Jul. 31, 2011
Recently Issued Accounting Pronouncements [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements On May 1, 2011, the Company adopted guidance issued by the Financial Accounting Standards Board (“FASB”) regarding multiple-deliverable revenue arrangements and software that is essential to the functionality of products. Under the new guidance, when vendor specific objective evidence or third party evidence for deliverables in an arrangement cannot be determined, a best estimate of the selling price is required to separate deliverables and allocate arrangement consideration using the relative selling price method. In addition, software components that are essential to the functionality of the tangible products are no longer within the scope of the software revenue guidance. Adoption of the new guidance did not have a material impact on the financial statements. Recent Accounting Pronouncements Not Yet Adopted In June 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2011-05, Comprehensive Income (“or ASU 2011-05”). The new guidance eliminates the current option to report other comprehensive income and its components in the statement of changes in equity. Instead, an entity will be required to present either a continuous statement of net income and other comprehensive income or two separate but consecutive statements. The new guidance will be effective for fiscal years and interim periods beginning after December 15, 2011. Adoption of the new guidance will not change the components that are reported in other comprehensive income, it will only revise the manner in which comprehensive income is presented in the financial statements. In May 2011, the FASB issued ASU No. 2011-04, Fair Value Measurement. The FASB issued the new guidance to achieve common fair value measurement and disclosure requirements between U.S. GAAP and International Financial Reporting Standards. This ASU clarifies existing fair value measurement and disclosure requirements, amends certain fair value measurement principles and requires additional disclosures about fair value measurements. This new guidance is effective for fiscal years and interim periods beginning after December 15, 2011. Other than requiring additional disclosures, the Company does not anticipate the adoption of this new guidance to have a material impact on the financial statements.

Receivables, Net

3 Months Ended

Jul. 31, 2011

Receivables, Net [Abstract]

Receivables, Net

Net receivables as of July 31, 2011 and April 30, 2011 consisted of the following:



	July 31, 2011			April 30, 2011
Trade Accounts Receivable	$	31,176		$	37,521
Unbilled Revenues	13,253			10,865
	44,429			48,386
Less: Allowance for Doubtful Accounts	(1,439		)	(1,304		)
Receivables, net	$	42,990		$	47,082

Unbilled revenues do not contain any amounts which are expected to be collected after one year.

Inventories

3 Months Ended

Jul. 31, 2011

Inventories [Abstract]

Inventories

Inventories as of July 31, 2011 and April 30, 2011 consisted of the following:



	July 31, 2011		April 30, 2011
Raw Materials and Parts	$	20,046	$	18,134
Work in Process	2,669		1,945
Finished Goods	9,005		8,530
Inventories, net	$	31,720	$	28,609

Notes Payable

3 Months Ended

Jul. 31, 2011

Notes Payable [Abstract]

Notes Payable

Notes payable as of July 31, 2011 and April 30, 2011 consisted of the following:



	July 31, 2011		April 30, 2011
Credit Facility	$	3,100	$	5,500

The Company has a $25.0 million Credit Facility that matures March 2, 2014. The agreement requires the Company to maintain the following financial covenants:



Maximum Consolidated		Minimum Fixed Charge
Leverage Ratio (i)		Coverage Ratio (ii)
2.75x		1.75x

_________________________________


(i)	Defined as the ratio of consolidated indebtedness, excluding the subordinated notes issued to OMAX, to consolidated adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) for the most recent four fiscal quarters.


(ii)	Defined as the ratio of Adjusted EBITDA, less income taxes and maintenance capital expenditures, during the most recent four quarters to the sum of interest charges during the most recent four quarters and scheduled debt repayments in the next four quarters.

A violation of any of the covenants above would result in an event of default and accelerate the repayment of all unpaid principal and interest and the termination of any letters of credit. The Company was in compliance with all its financial covenants as of July 31, 2011. All of the Company's domestic assets and certain interests in some foreign subsidiaries are pledged as collateral under the three-year Credit Facility Agreement. In addition, the terms of the Credit Facility Agreement limit the Company's ability to pay dividends.

Interest on the Credit Facility is based on the bank’s prime rate or LIBOR rate plus a percentage spread between 0.00% and 2.25% depending on whether it uses the bank’s prime rate or LIBOR rate and based on the Company’s current leverage ratio. The Company also pays an annual letter of credit fee ranging from 1.25% to 2.25% of the amount available to be drawn under each outstanding stand-by letter of credit. The annual letter of credit fee is payable quarterly in arrears and varies depending on the Company's leverage ratio.

As of July 31, 2011, the Company had $19.9 million available under its Credit Facility, net of $3.1 million in outstanding borrowings, and $2.0 million in outstanding letters of credit.

Revolving Credit Facility in Taiwan

There were no outstanding balances under the Company’s unsecured Taiwan credit facility as of July 31, 2011. The unsecured commitment for the Taiwan credit facility totaled $1.4 million at July 31, 2011, bearing interest at 2.4% per annum.

Commitments and Contingencies

3 Months Ended

Jul. 31, 2011

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Warranty Obligations

The Company believes that its warranty accrual as of July 31, 2011, which is included in the Other Accrued Liabilities line item in the Condensed Consolidated Balance Sheets, is sufficient to cover expected warranty costs. The following table presents the fiscal year 2012 year-to-date activity for the Company’s warranty obligations:



Warranty liability as of April 30, 2011	$	2,804
Increase in warranty liability on fiscal year 2012 sales	1,035
Reduction in warranty liability for claims in fiscal year 2012	(995		)
Warranty liability as of July 31, 2011	$	2,844

Legal Proceedings

At any time, the Company may be involved in legal proceedings arising in the normal course of conducting business. The Company's policy is to routinely assess the likelihood of any adverse judgments or outcomes related to legal matters, as well as ranges of probable losses. A determination of the amount of the reserves required, if any, for these contingencies is based on historical experience and after analysis of each known issue. The Company records reserves related to legal matters for which it is probable that a loss has been incurred and the range of such loss can be estimated. With respect to other matters, management has concluded that a loss is only reasonably possible or remote and, therefore, no liability is recorded. Management discloses the facts regarding material matters assessed as reasonably possible and potential exposure, if determinable. Costs incurred defending claims are expensed as incurred. Other than those described below, the Company does not believe that the resolution of any such matters will have a material adverse effect on its consolidated financial position, results of operations or cash flows.

In litigation arising out of a June 2002 incident at a Crucible Metals' (“Crucible”) facility, the Company's excess insurance carrier is contesting its obligation to provide coverage for property damage. The suits over insurance coverage, Flow Autoclave Systems, Inc., Flow Pressure Systems, ABB Pressure Systems, Avure Technologies AB and Avure Technologies, Inc. v. Lumbermens Mutual Casualty and Kemper Insurance Co., and Lumbermens Mutual Casualty Company v. Flow International Corporation, Flow Autoclave Systems, Inc., Flow Pressure Systems, ABB Pressure Systems, Avure Technologies AB and Avure Technologies, Inc., were originally filed in Supreme Court of the State of New York, County of Onondaga, Index No. 2005-2126 in 2005, and sought a declaratory judgment of the rights of the parties under the insurance policy issued by the carrier. The carrier, Lumbermens Mutual Casualty Company, had settled the claims relating to this incident for a total of approximately $3.4 million and is seeking a declaratory judgment that it was not obligated to pay the claim in the remaining lawsuit, Lumberment Mutual Casualty Company v. Flow International Corporation, Flow Autoclave Systems, Inc., Flow Pressure Systems, ABB Pressure Systems, Avure Technologies AB, Avure Technologies, Inc., Travelers Property Casualty Company of America and Zurich American Insurance Company as subrogees of Crucible Materials Corporation, and Crucible Materials Corporation, filed in United States District Court for the Northern District of New York on August 13, 2008, case number 08-CV-865. The Company intends to vigorously contest the carrier's claim; however, the ultimate outcome or likelihood of this specific claim cannot be determined at this time and an unfavorable outcome ranging from $0 to $3.4 million is reasonably possible.

Other Claims or Assessments

In fiscal year 2009, the Company was notified by the purchaser of its Avure business (reported as a discontinued operation for the year ended April 30, 2006), that the Swedish Tax Authority was conducting an audit which included periods when the Company had owned the business. In the sale agreements, the Company made commitments to indemnify the purchaser for certain claims, including tax matters relating to the periods when it owned the business. The Swedish tax authority concluded its audit and issued a final report in November 2009 initially asserting that Avure owes 19.5 million Swedish Krona in additional taxes, penalties and fines. In April 2010, the Company filed an appeal to contest the Swedish Tax Authority's assertion. Since the filing of the Company's appeal, there has been further correspondence with the Swedish tax authorities as the Company continues to contest the findings. A charge was recorded in the first quarter of fiscal year 2010 related to the periods when the Company owned Avure. This charge was accounted for as an adjustment to the loss on the disposal of the Avure business and is reported as a charge to discontinued operations in the Company's Consolidated Statements of Operations. As of July 31, 2011, the Company has accrued $1.4 million related to the Avure matter. The balance of the accrued liability will fluctuate period over period with changes in foreign currency rates until such time as the matter is ultimately resolved.

Stock-based Compensation

3 Months Ended

Jul. 31, 2011

Stock-based Compensation [Abstract]

Stock-based Compensation

The Company maintains a stock-based compensation plan (the “2005 Plan”) which was adopted to attract and retain talented employees and promote the growth and success of the business by aligning long-term interests of employees with those of shareholders. Shares are issuable in the form of common stock, restricted stock, performance stock units, stock options, stock appreciation rights, or cash awards.

Stock Options

The following table summarizes stock option activities for the three months ended July 31, 2011:



	Number of Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value		Weighted-Average Remaining Contractual Term (Years)
Outstanding at April 30, 2011	489,438		$	10.37	$	—	5.2
Granted	—		—
Exercised	—		—
Expired or forfeited	(4,145	)	9.88
Outstanding at July 31, 2011	485,293		$	10.37	$	—	5.0
Vested and Exercisable at July 31, 2011	441,538		$	10.43	$	—	4.8

There were no options granted or exercised for the respective three months ended July 31, 2011 and 2010.

For the respective three months ended July 31, 2011 and 2010, the Company recognized compensation expense related to stock options of $0.1 million in each period. As of July 31, 2011, total unrecognized compensation cost related to nonvested stock options was $0.2 million, which is expected to be recognized over a weighted average period of 1 year.

Service and Performance-Based Stock Awards

The Company grants stock awards to employees and non-employee directors of the Company with service and/or performance conditions. Each non-employee director is eligible to receive and is granted fully vested common stock worth $40,000 annually. The compensation cost of the common stock or restricted stock units are based on their fair value at the grant date and recognized ratably over the service or performance period.

The following table summarizes the service and performance-based stock award activities for employees for the three months ended July 31, 2011:



	Number of Shares		Weighted- Average Grant-date Fair Value
Nonvested at April 30, 2011	1,634,778		$	2.90
Granted	720,028		3.42
Vested	(362,059	)	3.04
Forfeited	(8,377	)	2.71
Nonvested at July 31, 2011	1,984,370		$	3.07

For the respective three months ended July 31, 2011 and 2010, the Company recognized compensation expense related to service and performance-based stock awards of $0.5 million and $0.5 million. As of July 31, 2011, total unrecognized compensation cost related to service and performance-based stock awards of $4.5 million is expected to be recognized over a weighted average period of 2.6 years.

Basic and Diluted Income (Loss) per Share

3 Months Ended

Jul. 31, 2011

Basic and Diluted Income (Loss) per Share [Abstract]

Basic and Diluted Income (Loss) per Share

Basic income (loss) per share is calculated by dividing income (loss) from continuing operations by the weighted average number of common shares outstanding during the period. Diluted income (loss) per share is calculated by dividing income (loss) from continuing operations by the weighted average number of common shares and potential common shares outstanding during the period. Potential common shares include the dilutive effects of outstanding stock options and non-vested stock units except where their inclusion would be antidilutive.

The following table sets forth the computation of basic and diluted income (loss) from continuing operations per share for the respective three months ended July 31, 2011 and 2010:



	Three Months Ended
	July 31,
	2011		2010
Income (Loss) from Continuing Operations	$	654	$	(531	)
Weighted average shares used in computing basic income (loss) per share	47,532		47,044
Dilutive potential common shares from employee stock options and restricted stock units	9		—
Weighted average shares used in computing diluted income (loss) per share	47,541		47,044
Basic and diluted income (loss) from continuing operations per share	$	0.01	$	(0.01	)

There were 2.0 million and 2.3 million potentially dilutive common shares from employee stock options and restricted stock units which were excluded from the diluted weighted average per share calculation for the respective three months ended July 31, 2011 and 2010, as their effect would be antidilutive.

Other Income (Expense), Net

3 Months Ended

Jul. 31, 2011

Other Income (Expense), Net [Abstract]

Other Income (Expense), Net

The following table sets forth the detail of Other Income (Expense), net:



	Three Months Ended
	July 31,
	2011			2010
Realized Foreign Exchange Gains (Losses), net	$	255		$	(97	)
Unrealized Foreign Exchange Gains (Losses), net	(404		)	368
Other	15			21
Other Income (Expense), net	$	(134	)	$	292

Income Taxes	3 Months Ended
Income Taxes	Jul. 31, 2011
Income Taxes [Abstract]
Income Taxes	Income Taxes For the three months ended July 31, 2011, the Company recorded income tax expense of $0.1 million compared to income tax expense of $1.1 million in the same period last year. For the three months ended July 31, 2011, the income tax expense is lower than normal as the Company recorded a $0.3 million tax benefit resulting from the tax impact on intercompany transactions. For the three months ended July 31, 2010 the income tax expense was higher than normal as the Company recorded the impact of a $1.9 million repatriation treated as a dividend for income tax purposes and the tax impact of losses from subsidiaries for which a full valuation allowance is maintained. The Company anticipates generating sufficient future taxable income to realize the benefits of its U.S. and certain of its foreign deferred tax assets while continuing to provide a full valuation allowance against its net operating losses and other net deferred tax assets in certain other foreign tax jurisdictions. The Company's valuation allowance, which was $9.7 million at July 31, 2011 and April 30, 2011, is mainly attributable to foreign net operating losses. Most of the foreign losses can be carried forward indefinitely, with certain amounts expiring between fiscal years 2014 and 2017. As of July 31, 2011, the Company has not made a provision for U.S. or additional foreign withholding taxes for the excess of the financial reporting carrying value over the tax basis of investments in foreign subsidiaries with the exception of its subsidiaries in Taiwan, Japan, and Switzerland for which it provides deferred taxes.

Segment Information

3 Months Ended

Jul. 31, 2011

Segment Information [Abstract]

Segment Information

The Company reports its operating results to its Chief Executive Officer, who is the chief operating decision maker, based on market segments which are consistent with management’s long-term growth strategy. The Company has two reportable segments: Standard and Advanced. The Standard segment includes sales and cost of sales related to the Company’s cutting, surface preparation and cleaning systems using ultrahigh-pressure water pumps, as well as parts and services to sustain these installed systems. Systems included in this segment do not require significant custom configuration. The Advanced segment includes sales and cost of sales related to the Company’s complex aerospace and automation systems which require specific custom configuration and advanced features to match unique customer applications as well as parts and services to sustain these installed systems.

Segment results are measured based on revenue growth and gross margin. A summary of operations by reportable segment is as follows:



	Three Months Ended
	July 31,
	2011	2010
Standard Segment:
Sales	53,004	40,843
Gross Margin	21,647	17,457
Advanced Segment:
Sales	7,026	5,737
Gross Margin	1,473	1,876
Total:
Sales	60,030	46,580
Gross Margin	23,120	19,333

flow-20110731