July 31, 2022

Fair Value Measurement

Balance Sheet Classification

Cost

Unrealized

Gains

Unrealized

Losses

Fair

Value

Cash and

Cash

Equivalents

Marketable

Securities,

Current

Marketable

Securities,

Non-

current

Income Taxes & Other Receivables

(in thousands)

Changes in Fair Value Recorded in

Other Comprehensive Loss

Level 2:

Commercial paper

$

35,709

$

—

$

(180

)

$

35,529

$

—

$

35,529

$

—

$

—

Corporate notes/bonds

43,600

8

(470

)

43,138

—

24,138

19,000

—

U.S. Treasury and Agency Securities

996

—

(10

)

986

—

986

—

—

Total debt investments

$

80,305

$

8

$

(660

)

$

79,653

$

—

$

60,653

$

19,000

$

—

Changes in Fair Value Recorded in

Net Income

Level 1:

Mutual funds (1)

$

177,011

$

—

$

10,519

$

166,492

$

—

Total equity investments

$

177,011

$

—

$

10,519

$

166,492

$

—

Cash

$

577,195

$

577,195

$

—

$

—

$

—

Money market funds

62,589

62,589

—

—

—

Level 2:

Foreign currency forward contracts

497

—

—

—

497

Total

$

896,945

$

639,784

$

71,172

$

185,492

$

497

April 30, 2022

Fair Value Measurement

Balance Sheet Classification

Cost

Unrealized

Gains

Unrealized

Losses

Fair

Value

Cash and

Cash

Equivalents

Marketable

Securities,

Current

Marketable

Securities,

Non-current

Other Accrued Liabilities

(in thousands)

Changes in Fair Value Recorded in

Other Comprehensive Loss

Level 2:

Commercial paper

$

41,627

$

—

$

(126

)

$

41,501

$

15,489

$

26,012

$

—

$

—

Corporate notes/bonds

37,736

—

(450

)

37,286

—

20,242

17,044

—

U.S. Treasury and Agency Securities

995

—

(8

)

987

—

987

—

—

Total debt investments

$

80,358

$

—

$

(584

)

$

79,774

$

15,489

$

47,241

$

17,044

$

—

Changes in Fair Value Recorded in

Net Income

Level 1:

Mutual funds (1)

$

168,742

$

—

$

10,003

$

158,739

$

—

Total equity investments

$

168,742

$

—

$

10,003

$

158,739

$

—

Cash

$

874,490

$

874,490

$

—

$

—

$

—

Money market funds

88,091

88,091

—

—

—

Level 2:

Foreign currency forward contracts

(204

)

—

—

—

(204

)

Total

$

1,210,893

$

978,070

$

57,244

$

175,783

$

(204

)

(1)

These investments are held in trust for settlement of the Company’s vested obligations of $178.8 million and $160.8 million as of July 31, 2022 and April 30, 2022, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $17.5 million and $24.0 million as of July 31, 2022 and April 30, 2022, respectively. During the three months ended July 31, 2022 and 2021, the fair value of the investments increased; therefore, the Company recognized a gain of $0.1 million and $5.2 million, respectively, which was recorded in other income, net.

July 31,

2022

April 30,

2022

(in thousands)

Derivative assets:

Foreign currency forward contracts

$

1,026

$

1,639

Derivative liabilities:

Foreign currency forward contracts

$

529

$

1,843

July 31,

2022

April 30,

2022

(in thousands)

Derivative assets:

Foreign currency forward contracts

$

1,026

$

1,639

Derivative liabilities:

Foreign currency forward contracts

$

529

$

1,843