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Fair Value Measurements (Tables)

12 Months Ended

Apr. 30, 2023

Fair Value Measurements

Schedule of financial assets measured at fair value on a recurring basis

The Company’s financial assets measured at fair value on a recurring basis at April 30, 2023, were as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement Using

​

​

​

​

Significant

​

​

​

​

​

​

​

Quoted prices in

​

other

​

Significant

​

​

​

​

​

​

active markets for

​

observable

​

unobservable

​

​

​

​

​

​

identical assets

​

inputs

​

inputs

​

​

​

​

Description

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

Total

​

Equity securities

​

$

4,714

​

$

—

​

$

—

​

$

4,714

​

Warrants

​

​

—

​

​

255

​

​

—

​

​

255

​

Total

​

$

4,714

​

$

255

​

$

—

​

$

4,969

​

The Company’s financial assets measured at fair value on a recurring basis at April 30, 2022, were as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement Using

​

​

​

Significant

​

​

​

​

​

​

Quoted prices in

​

other

​

Significant

​

​

​

​

​

active markets for

​

observable

​

unobservable

​

​

​

​

​

identical assets

​

inputs

​

inputs

​

​

​

Description

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

Total

Available-for-sale securities

​

$

—

​

$

24,716

​

$

—

​

$

24,716

Contingently returnable consideration

​

​

—

​

​

—

​

​

143

​

​

143

Total

​

$

—

​

$

24,716

​

$

143

​

$

24,859

Schedule of financial liabilities measured at fair value on recurring basis

The Company’s financial liabilities measured at fair value on a recurring basis at April 30, 2023, were as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement Using

​

​

​

​

Significant

​

​

​

​

​

​

​

Quoted prices in

​

other

​

Significant

​

​

​

​

​

​

active markets for

​

observable

​

unobservable

​

​

​

​

​

​

identical assets

​

inputs

​

inputs

​

​

​

​

Description

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

Total

​

Contingent consideration

​

$

—

​

$

—

​

$

2,109

​

$

2,109

​

Total

​

$

—

​

$

—

​

$

2,109

​

$

2,109

​

The Company’s financial liabilities measured at fair value on a recurring basis at April 30, 2022, were as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement Using

​

​

​

​

Significant

​

​

​

​

​

​

​

Quoted prices in

​

other

​

Significant

​

​

​

​

​

​

active markets for

​

observable

​

unobservable

​

​

​

​

​

​

identical assets

​

inputs

​

inputs

​

​

​

​

Description

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

Total

​

Contingent consideration

​

$

—

​

$

—

​

$

1,084

​

$

1,084

​

Total

​

$

—

​

$

—

​

$

1,084

​

$

1,084

​

Schedule of reconciliation between beginning and ending balances of items measured at fair value on recurring basis that used significant unobservable inputs (Level 3)

The following table provides a reconciliation between the beginning and ending balances of items measured at fair value on a recurring basis that used significant unobservable inputs (Level 3) (in thousands):

​

​	​	​	​	​	​	​	​
​		Fair Value		​	Fair Value
​	​	Measurements Using		​	Measurements Using
​	​	Significant		​	Significant
​	​	Unobservable Inputs		​	Unobservable Inputs
​	​	​	Assets	​	​	Liabilities	​
Description	​	(Level 3)		​	(Level 3)
Balance at May 1, 2022	​	$	143	​	$	1,084	​
Business acquisition	​	​	—	​	​	—	​
Transfers to Level 3	​		—	​		—	​
Total fair value measurement adjustments (realized or unrealized)	​	​	​	​	​	​	​
Included in selling, general and administrative	​	​	(143)	​	​	1,025	​
Settlements	​		—	​		—	​
Balance at April 30, 2023	​	$	—	​	$	2,109	​
The amount of total (gains) or losses for the period included in earnings attributable to the change in unrealized gains or losses relating to assets or liabilities still held at April 30, 2023	​	$	—	​	$	—	​

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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