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Acquisition (Tables) | 6 Months Ended
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Oct. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Summary of Net Assets Acquired | The following table provides a summary of the net assets acquired:
|  | (in thousands)
Current assets (1) |  | $ | 19,932 |
Long-term assets |  | 1,496 |
Intangible assets (2) |  | 16,400 |
Current liabilities |  | 6,248 |
Long-term liabilities |  | 566 |
Net assets acquired |  | 31,014 |
Purchase price |  | 99,322 |
Goodwill (3) |  | $ | 68,308 |
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(1) | Included in current assets is acquired receivables in the amount of $19.4 million.
(2) | Acquisition-related intangible assets acquired in connection with the acquisition consists of customer relationships and tradenames of $15.3 million, and $1.1 million, respectively, with weighted-average useful lives from the date of purchase of seven years, and two years, respectively.
(3) | Tax deductible goodwill from the acquisition was $67.2 million as of October 31, 2022.

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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