Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
12 Months Ended
Apr. 30, 2020
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Year Ended

April 30, 2020

 

 

 

(in thousands)

 

Finance lease cost

 

 

 

 

Amortization of ROU assets

 

$

1,820

 

Interest on lease liabilities

 

 

149

 

 

 

 

1,969

 

Operating lease cost

 

 

57,683

 

Short-term lease cost

 

 

1,111

 

Variable lease cost

 

 

13,562

 

Lease impairment cost

 

 

2,282

 

Sublease income

 

 

(447

)

  Total lease cost

 

$

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, 2020

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

Operating cash flows from operating leases

 

$

59,631

 

Financing cash flows from finance leases

 

$

1,833

 

 

 

 

 

 

ROU assets obtained in exchange for lease obligations:

 

 

 

 

Operating leases

 

$

15,246

 

Finance leases

 

$

1,333

 

Summary of Supplemental Balance Sheet Information Related to Leases

 

Supplemental balance sheet information related to leases was as follows:

 

 

 

April 30, 2020

 

 

 

(in thousands)

 

Finance Leases:

 

 

 

 

 

 

 

 

 

Property and equipment, at cost

 

$

4,281

 

Accumulated depreciation

 

 

(1,485

)

Property and equipment, net

 

$

2,796

 

 

 

 

 

 

Other accrued liabilities

 

$

1,241

 

Other liabilities

 

 

1,634

 

Total finance lease liabilities

 

$

2,875

 

 

 

 

 

 

Weighted average remaining lease terms:

 

 

 

 

Operating leases

 

5.5 years

 

Finance leases

 

2.9 years

 

 

 

 

 

 

Weighted average discount rate:

 

 

 

 

Operating leases

 

 

4.8

%

Finance leases

 

 

4.1

%

Summary of Maturities of Lease Liabilities

 

Maturities of lease liabilities are as follows:

Year Ending April 30,

 

Operating

 

 

Financing

 

 

 

(in thousands)

 

2021

 

$

60,052

 

 

$

1,325

 

2022

 

 

50,246

 

 

 

940

 

2023

 

 

43,334

 

 

 

445

 

2024

 

 

40,091

 

 

 

245

 

2025

 

 

31,601

 

 

 

85

 

Thereafter

 

 

44,444

 

 

 

 

Total lease payments

 

 

269,768

 

 

 

3,040

 

Less: imputed interest

 

 

34,151

 

 

 

165

 

Total

 

$

235,617

 

 

$

2,875

 

 

Future Minimum Commitments Under Non-Cancelable Operating Leases

Future minimum commitments under non-cancelable operating leases with lease terms in excess of one year, excluding commitments accrued in the restructuring liability under ASC 840 at April 30, 2019, are as follows:

 

Year Ending April 30,

 

Lease

Commitments

 

 

 

(in thousands)

 

2020

 

$

55,351

 

2021

 

 

52,567

 

2022

 

 

45,465

 

2023

 

 

38,582

 

2024

 

 

34,008

 

Thereafter

 

 

74,764

 

 

 

$

300,737