Leases (Tables)
|
12 Months Ended |
Apr. 30, 2022 |
|---|
| Leases [Abstract] |
|
| Components of Lease Expense |
The components of lease expense were as follows:
|
|
|
Year Ended April 30,
|
|
|
|
|
2022
|
|
|
2021
|
|
|
2020
|
|
|
|
|
(in thousands)
|
|
|
Finance lease cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of ROU assets
|
|
$
|
1,065
|
|
|
$
|
1,221
|
|
|
$
|
1,820
|
|
|
Interest on lease liabilities
|
|
|
84
|
|
|
|
114
|
|
|
|
149
|
|
|
|
|
|
1,149
|
|
|
|
1,335
|
|
|
|
1,969
|
|
|
Operating lease cost
|
|
|
53,092
|
|
|
|
56,166
|
|
|
|
57,683
|
|
|
Short-term lease cost
|
|
|
966
|
|
|
|
474
|
|
|
|
1,111
|
|
|
Variable lease cost
|
|
|
10,986
|
|
|
|
11,592
|
|
|
|
13,562
|
|
|
Lease impairment cost
|
|
|
7,392
|
|
|
|
—
|
|
|
|
2,282
|
|
|
Sublease income
|
|
|
(1,119
|
)
|
|
|
(657
|
)
|
|
|
(447
|
)
|
|
Total lease cost
|
|
$
|
72,466
|
|
|
$
|
68,910
|
|
|
$
|
76,160
|
|
|
| Summary of Supplemental Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases was as follows:
|
|
|
Year Ended April 30,
|
|
|
|
|
2022
|
|
|
2021
|
|
|
2020
|
|
|
|
|
(in thousands)
|
|
|
Cash paid for amounts included in the measurement of lease liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating cash flows from operating leases
|
|
$
|
62,996
|
|
|
$
|
66,991
|
|
|
$
|
59,631
|
|
|
Financing cash flows from finance leases
|
|
$
|
1,157
|
|
|
$
|
1,324
|
|
|
$
|
1,833
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ROU assets obtained in exchange for lease obligations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating leases
|
|
$
|
49,235
|
|
|
$
|
13,638
|
|
|
$
|
15,246
|
|
|
Finance leases
|
|
$
|
1,586
|
|
|
$
|
516
|
|
|
$
|
1,333
|
|
|
| Summary of Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases was as follows:
|
|
|
Year Ended April 30,
|
|
|
|
|
2022
|
|
|
2021
|
|
|
|
|
(in thousands)
|
|
|
Finance Leases:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment, at cost
|
|
$
|
5,770
|
|
|
$
|
4,801
|
|
|
Accumulated depreciation
|
|
|
(3,085
|
)
|
|
|
(2,590
|
)
|
|
Property and equipment, net
|
|
$
|
2,685
|
|
|
$
|
2,211
|
|
|
|
|
|
|
|
|
|
|
|
|
Other accrued liabilities
|
|
$
|
1,049
|
|
|
$
|
1,010
|
|
|
Other liabilities
|
|
|
1,657
|
|
|
|
1,301
|
|
|
Total finance lease liabilities
|
|
$
|
2,706
|
|
|
$
|
2,311
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average remaining lease terms:
|
|
|
|
|
|
|
|
|
|
Operating leases
|
|
5.1 years
|
|
|
5.0 years
|
|
|
Finance leases
|
|
3.3 years
|
|
|
2.7 years
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average discount rate:
|
|
|
|
|
|
|
|
|
|
Operating leases
|
|
|
4.3
|
%
|
|
|
4.8
|
%
|
|
Finance leases
|
|
|
3.2
|
%
|
|
|
4.2
|
%
|
|
| Summary of Maturities of Lease Liabilities |
Maturities of lease liabilities are as follows:
|
Year Ending April 30,
|
|
Operating
|
|
|
Financing
|
|
|
|
|
(in thousands)
|
|
|
2023
|
|
$
|
55,890
|
|
|
$
|
1,115
|
|
|
2024
|
|
|
47,290
|
|
|
|
776
|
|
|
2025
|
|
|
40,353
|
|
|
|
523
|
|
|
2026
|
|
|
37,427
|
|
|
|
293
|
|
|
2027
|
|
|
17,918
|
|
|
|
128
|
|
|
Thereafter
|
|
|
23,984
|
|
|
|
—
|
|
|
Total lease payments
|
|
|
222,862
|
|
|
|
2,835
|
|
|
Less: imputed interest
|
|
|
23,041
|
|
|
|
129
|
|
|
Total
|
|
$
|
199,821
|
|
|
$
|
2,706
|
|
|