Annual report pursuant to Section 13 and 15(d)

Credit Losses (Tables)

v3.22.2
Credit Losses (Tables)
12 Months Ended
Apr. 30, 2022
Credit Loss [Abstract]  
Summary of Activity in Allowance for Credit Losses on Trade Receivables

The activity in the allowance for credit losses on the Company's trade receivables is as follows:

 

(in thousands)

 

Balance at May 1, 2019

$

21,582

 

Provision for credit losses

 

14,644

 

Write-offs

 

(12,518

)

Recoveries of amounts previously written off

 

398

 

Foreign currency translation

 

(311

)

Balance at April 30, 2020

 

23,795

 

Provision for credit losses

 

15,763

 

Write-offs

 

(12,073

)

Recoveries of amounts previously written off

 

311

 

Foreign currency translation

 

1,528

 

Balance at April 30, 2021

 

29,324

 

Provision for credit losses

 

21,552

 

Write-offs

 

(14,052

)

Recoveries of amounts previously written off

 

702

 

Foreign currency translation

 

(1,142

)

Balance at April 30, 2022

$

36,384

 

 

Schedule of Fair Value and Unrealized Losses on Available for Sale Debt Securities

The fair value and unrealized losses on available for sale debt securities, aggregated by investment category and the length of time the security has been in an unrealized loss position as of April 30, 2022 and 2021, are as follows:

 

 

Less Than 12 Months

 

 

12 Months or longer

 

 

Balance Sheet Classification

 

 

 

Fair Value

 

 

Unrealized Losses

 

 

Fair Value

 

 

Unrealized Losses

 

 

Cash and Cash

Equivalents

 

 

Marketable Securities, Current

 

 

Marketable Securities, Non-Current

 

 

 

(in thousands)

 

Balance at April 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

36,378

 

 

$

7

 

 

$

 

 

$

 

 

$

5,749

 

 

$

30,629

 

 

$

 

Corporate notes/bonds

 

$

26,351

 

 

$

20

 

 

$

 

 

$

 

 

$

 

 

$

10,134

 

 

$

16,217

 

Balance at April 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

37,002

 

 

$

125

 

 

$

4,499

 

 

$

1

 

 

$

15,489

 

 

$

26,012

 

 

$

 

Corporate notes/bonds

 

$

32,186

 

 

$

446

 

 

$

3,800

 

 

$

4

 

 

$

 

 

$

18,942

 

 

$

17,044

 

U.S. Treasury and Agency Securities

 

$

987

 

 

$

8

 

 

$

 

 

$

 

 

$

 

 

$

987

 

 

$