Leases (Tables)

6 Months Ended

Oct. 31, 2022

The components of lease expense were as follows:


	Three Months Ended October 31,				Six Months Ended October 31,
	2022		2021		2022		2021
	(in thousands)
Finance lease cost
Amortization of ROU assets	$	365	$	257	$	738	$	537
Interest on lease liabilities	46		21		94		45
	411		278		832		582
Operating lease cost	12,203		13,457		24,618		27,275
Short-term lease cost	270		213		433		482
Variable lease cost	1,583		3,431		4,238		5,099
Lease impairment cost	—		7,392		—		7,392
Sublease income	(738)		(228)		(1,245)		(459)
Total lease cost	$	13,729	$	24,543	$	28,876	$	40,371

Supplemental cash flow information related to leases was as follows:


	Six Months Ended October 31,
	2022		2021
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	29,114	$	30,133
Financing cash flows from finance leases	$	814	$	592

ROU assets obtained in exchange for lease obligations:
Operating leases	$	9,589	$	7,208
Finance leases	$	2,497	$	317

Supplemental balance sheet information related to leases was as follows:


	October 31, 2022			April 30, 2022
	(in thousands)
Finance Leases:

Property and equipment, at cost	$	6,900		$	5,770
Accumulated depreciation	(2,757)			(3,085)
Property and equipment, net	$	4,143		$	2,685

Other accrued liabilities	$	1,257		$	1,049
Other liabilities	2,924			1,657
Total finance lease liabilities	$	4,181		$	2,706

Weighted average remaining lease terms:
Operating leases	4.8 years			5.1 years
Finance leases	4.1 years			3.3 years

Weighted average discount rate:
Operating leases	4.5		%	4.3		%
Finance leases	4.4		%	3.2		%

Maturities of lease liabilities were as follows:


Year Ending April 30,	Operating		Financing
	(in thousands)
2023 (excluding the six months ended October 31, 2022)	$	30,737	$	735
2024	46,372		1,249
2025	38,967		1,008
2026	35,918		705
2027	18,705		504
Thereafter	25,654		372
Total lease payments	196,353		4,573
Less: imputed interest	19,428		392
Total	$	176,925	$	4,181