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Income Taxes
 6 Months Ended
Oct. 31, 2021
Income Tax Disclosure [Abstract]  
Income Taxes

9. Income Taxes

The provision for income tax was an expense of $26.1 million and $50.0 in the three and six months ended October 31, 2021, respectively, with an effective tax rate of 25.5% and 24.7%, respectively, compared to an expense of $12.9 million and $4.2 million in the three and six months ended October 31, 2020, respectively, with an effective tax rate of 31.4% and 294.5%, respectively. In addition to the impact of U.S. state income taxes and jurisdictional mix of earnings, which generally create variability in our effective tax rate over time, the effective tax rate for the three and six months ended October 31, 2020, was particularly impacted by the initial business downturn and uncertainties brought on by the COVID-19 outbreak. Specifically, in the three months ended July 31, 2020 (the first quarter of fiscal 2021), the Company recorded a tax benefit of $8.7 million on a

$39.5 million pre-tax loss. As business conditions improved and the Company returned to profitability over the remainder of fiscal 2021, the tax benefit recorded in the first quarter continued to have a meaningful, albeit diminishing, impact on the last three reporting periods of the preceding fiscal year. Furthermore, the effective tax rate in the three and six months ended October 31, 2020, was affected by a tax expense recorded for withholding taxes on intercompany dividends that were not eligible for credit and a shortfall recorded in connection with stock-based awards that vested in the three months ended July 31, 2020. The shortfall is the amount by which the Company’s tax deduction for these awards, based on the fair market value of the awards on the date of vesting, is less than the expense recorded in the Company’s financial statements over the awards’ vesting period.