XML 49 R13.htm IDEA: XBRL DOCUMENT
v3.19.2

Commitments and Contingencies | 3 Months Ended
--- | ---
Jul. 31, 2019
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies From time to time we may be involved in legal or administrative proceedings or investigations arising from the conduct of our business operations, including, but not limited to, contractual disputes; employment, personnel, or accessibility matters; personal injury and property damage claims; and claims by federal, state, and local regulatory authorities relating to the sale of products pursuant to licenses and permits issued by those authorities. Claims for damages in those actions may be substantial. While the outcome of such litigation, proceedings, investigations, or claims is never certain, it is our opinion, after taking into consideration legal counsel’s assessment and the availability of insurance proceeds and other collateral sources to cover potential losses, that the ultimate disposition of such matters currently pending or threatened, individually or cumulatively, will not have a material adverse effect on our consolidated financial position and results of operations. The Company is a lessee on a variety of leasing arrangements varying in remaining terms of 1.0 to 41.1 years. These leases were measured at the present value of the lease payments at adoption of guidance under ASC 842 using the incremental borrowing rate of debt based on the remaining number of years in the lease. The discount rate on current leases varies between 3.70% to 6.00% depending on the term of the lease. Several leases have variable payment components of the lease. For these, the Company has not included those variable payments in the calculation of the lease liability as the payments are unknown. These variable payments will be expensed as incurred. The Company also has options to renew or extend the current lease arrangement on many of our leases. In these situations, if it was probable the lease would be extended, we have included those extensions within the remaining lease payments at the time of measurement. Future minimum payments under the capital leases and noncancelable operating leases with initial or remaining terms of one year or more consisted of the following at July 31, 2019 and April 30, 2019:
Years ended July 31, | Capital leases |  | Operating leases
2020 | $ | 3,104 |  |  | $ | 1,969 |
2021 | 3,112 |  |  | 1,907 |
2022 | 3,119 |  |  | 1,850 |
2023 | 3,099 |  |  | 1,765 |
2024 | 2,113 |  |  | 1,666 |
Thereafter | 8,884 |  |  | 27,328 |
Total minimum lease payments | 23,431 |  |  | 36,485 |
Less amount representing interest | 7,357 |  |  | 14,251 |
Present value of net minimum lease payments | $ | 16,074 |  |  | $ | 22,234 |
Years ended April 30, | Capital leases |  | Operating leases
2020 | $ | 3,103 |  |  | $ | 1,703 |
2021 | 3,109 |  |  | 1,547 |
2022 | 3,096 |  |  | 1,354 |
2023 | 3,098 |  |  | 1,228 |
2024 | 2,548 |  |  | 1,066 |
Thereafter | 9,215 |  |  | 10,438 |
Total minimum lease payments | 24,169 |  |  | $ | 17,336 |
Less amount representing interest | 7,689 |  |  |
Present value of net minimum lease payments | $ | 16,480 |  |  |
Commitments and Contingencies | Commitments and Contingencies From time to time we may be involved in legal or administrative proceedings or investigations arising from the conduct of our business operations, including, but not limited to, contractual disputes; employment, personnel, or accessibility matters; personal injury and property damage claims; and claims by federal, state, and local regulatory authorities relating to the sale of products pursuant to licenses and permits issued by those authorities. Claims for damages in those actions may be substantial. While the outcome of such litigation, proceedings, investigations, or claims is never certain, it is our opinion, after taking into consideration legal counsel’s assessment and the availability of insurance proceeds and other collateral sources to cover potential losses, that the ultimate disposition of such matters currently pending or threatened, individually or cumulatively, will not have a material adverse effect on our consolidated financial position and results of operations. The Company is a lessee on a variety of leasing arrangements varying in remaining terms of 1.0 to 41.1 years. These leases were measured at the present value of the lease payments at adoption of guidance under ASC 842 using the incremental borrowing rate of debt based on the remaining number of years in the lease. The discount rate on current leases varies between 3.70% to 6.00% depending on the term of the lease. Several leases have variable payment components of the lease. For these, the Company has not included those variable payments in the calculation of the lease liability as the payments are unknown. These variable payments will be expensed as incurred. The Company also has options to renew or extend the current lease arrangement on many of our leases. In these situations, if it was probable the lease would be extended, we have included those extensions within the remaining lease payments at the time of measurement. Future minimum payments under the capital leases and noncancelable operating leases with initial or remaining terms of one year or more consisted of the following at July 31, 2019 and April 30, 2019:
Years ended July 31, | Capital leases |  | Operating leases
2020 | $ | 3,104 |  |  | $ | 1,969 |
2021 | 3,112 |  |  | 1,907 |
2022 | 3,119 |  |  | 1,850 |
2023 | 3,099 |  |  | 1,765 |
2024 | 2,113 |  |  | 1,666 |
Thereafter | 8,884 |  |  | 27,328 |
Total minimum lease payments | 23,431 |  |  | 36,485 |
Less amount representing interest | 7,357 |  |  | 14,251 |
Present value of net minimum lease payments | $ | 16,074 |  |  | $ | 22,234 |
Years ended April 30, | Capital leases |  | Operating leases
2020 | $ | 3,103 |  |  | $ | 1,703 |
2021 | 3,109 |  |  | 1,547 |
2022 | 3,096 |  |  | 1,354 |
2023 | 3,098 |  |  | 1,228 |
2024 | 2,548 |  |  | 1,066 |
Thereafter | 9,215 |  |  | 10,438 |
Total minimum lease payments | 24,169 |  |  | $ | 17,336 |
Less amount representing interest | 7,689 |  |  |
Present value of net minimum lease payments | $ | 16,480 |  |  |
Commitments and Contingencies | Commitments and Contingencies From time to time we may be involved in legal or administrative proceedings or investigations arising from the conduct of our business operations, including, but not limited to, contractual disputes; employment, personnel, or accessibility matters; personal injury and property damage claims; and claims by federal, state, and local regulatory authorities relating to the sale of products pursuant to licenses and permits issued by those authorities. Claims for damages in those actions may be substantial. While the outcome of such litigation, proceedings, investigations, or claims is never certain, it is our opinion, after taking into consideration legal counsel’s assessment and the availability of insurance proceeds and other collateral sources to cover potential losses, that the ultimate disposition of such matters currently pending or threatened, individually or cumulatively, will not have a material adverse effect on our consolidated financial position and results of operations. The Company is a lessee on a variety of leasing arrangements varying in remaining terms of 1.0 to 41.1 years. These leases were measured at the present value of the lease payments at adoption of guidance under ASC 842 using the incremental borrowing rate of debt based on the remaining number of years in the lease. The discount rate on current leases varies between 3.70% to 6.00% depending on the term of the lease. Several leases have variable payment components of the lease. For these, the Company has not included those variable payments in the calculation of the lease liability as the payments are unknown. These variable payments will be expensed as incurred. The Company also has options to renew or extend the current lease arrangement on many of our leases. In these situations, if it was probable the lease would be extended, we have included those extensions within the remaining lease payments at the time of measurement. Future minimum payments under the capital leases and noncancelable operating leases with initial or remaining terms of one year or more consisted of the following at July 31, 2019 and April 30, 2019:
Years ended July 31, | Capital leases |  | Operating leases
2020 | $ | 3,104 |  |  | $ | 1,969 |
2021 | 3,112 |  |  | 1,907 |
2022 | 3,119 |  |  | 1,850 |
2023 | 3,099 |  |  | 1,765 |
2024 | 2,113 |  |  | 1,666 |
Thereafter | 8,884 |  |  | 27,328 |
Total minimum lease payments | 23,431 |  |  | 36,485 |
Less amount representing interest | 7,357 |  |  | 14,251 |
Present value of net minimum lease payments | $ | 16,074 |  |  | $ | 22,234 |
Years ended April 30, | Capital leases |  | Operating leases
2020 | $ | 3,103 |  |  | $ | 1,703 |
2021 | 3,109 |  |  | 1,547 |
2022 | 3,096 |  |  | 1,354 |
2023 | 3,098 |  |  | 1,228 |
2024 | 2,548 |  |  | 1,066 |
Thereafter | 9,215 |  |  | 10,438 |
Total minimum lease payments | 24,169 |  |  | $ | 17,336 |
Less amount representing interest | 7,689 |  |  |
Present value of net minimum lease payments | $ | 16,480 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeFinanceLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2127197 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2127163 + Details
Name: | us-gaap_LossContingencyDisclosures
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration