XML 60 R39.htm IDEA: XBRL DOCUMENT
v3.25.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2025
Income Tax Disclosure [Abstract] |
Schedule of Domestic and Foreign Components of Income (Loss) from Continuing Operations before Domestic and Foreign Income and Other Taxes | Income from continuing operations before provision for income taxes was as follows:
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
Domestic | $ | 157,356 |  |  | $ | 70,716 |  |  | $ | 136,269 |
Foreign | 187,556 |  |  | 151,926 |  |  | 159,468 |
Income before provision for income taxes | $ | 344,912 |  |  | $ | 222,642 |  |  | $ | 295,737 |
Schedule of Provision (Benefit) for Domestic and Foreign Income Taxes | The provision for domestic and foreign income taxes was as follows:
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
Current income taxes: |  |  |  |  |
Federal | $ | 33,433 |  |  | $ | 31,466 |  |  | $ | 39,188 |
State | 13,916 |  |  | 10,071 |  |  | 15,879 |
Foreign | 52,891 |  |  | 40,853 |  |  | 42,019 |
Current provision for income taxes | 100,240 |  |  | 82,390 |  |  | 97,086 |
Deferred income taxes: |  |  |  |  |
Federal | (5,380) |  |  | (15,693) |  |  | (13,228) |
State | (1,853) |  |  | (2,904) |  |  | (5,723) |
Foreign | 829 |  |  | (13,712) |  |  | 4,548 |
Deferred benefit for income taxes | (6,404) |  |  | (32,309) |  |  | (14,403) |
Total provision for income taxes | $ | 93,836 |  |  | $ | 50,081 |  |  | $ | 82,683 |
Schedule of Reconciliation of Statutory Federal Income Tax Rate to Effective Consolidated Tax Rate | The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows:
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
U.S. federal statutory income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State tax, net of federal effect | 2.8 |  |  | 2.8 |  |  | 2.8 |
Foreign tax rates differential | 4.7 |  |  | 4.0 |  |  | 4.0 |
Non-deductible officer's compensation | 1.6 |  |  | 1.9 |  |  | 1.0 |
Change in valuation allowance | (0.5) |  |  | (5.8) |  |  | 0.3 |
Change in uncertain tax positions | (1.3) |  |  | 1.1 |  |  | 0.1 |
Foreign-derived intangible income deduction | (1.0) |  |  | (1.2) |  |  | (1.0) |
Repatriation of earnings of foreign subsidiaries | 1.1 |  |  | 1.4 |  |  | 1.2 |
R&D tax credit | (0.7) |  |  | (1.5) |  |  | (0.6) |
Other | (0.5) |  |  | (1.2) |  |  | (0.8) |
Effective income tax rate | 27.2 | % |  | 22.5 | % |  | 28.0 | %
Schedule of Components of Deferred Tax Assets and Liabilities | Components of deferred tax assets and liabilities were as follows:
| April 30,
| 2025 |  | 2024
| (in thousands)
Deferred tax assets: |  |  |
Deferred compensation | $ | 145,410 |  |  | $ | 136,722 |
Operating lease liability | 18,015 |  |  | 22,693 |
Loss carryforwards | 25,565 |  |  | 28,542 |
Reserves and accruals | 20,833 |  |  | 20,398 |
Allowance for doubtful accounts | 6,786 |  |  | 7,169 |
Deferred revenue | 6,112 |  |  | 7,086 |
Gross deferred tax assets | 222,721 |  |  | 222,610 |
Deferred tax liabilities: |  |  |
Operating lease, right-of-use, assets | (14,531) |  |  | (19,316) |
Intangibles and goodwill | (24,753) |  |  | (24,697) |
Property and equipment | (10,306) |  |  | (12,567) |
Prepaid expenses | (15,997) |  |  | (16,172) |
Unrealized gain on marketable securities | (6,502) |  |  | (6,164) |
Other | (2,584) |  |  | (2,158) |
Gross deferred tax liabilities | (74,673) |  |  | (81,074) |
Valuation allowances | (9,469) |  |  | (12,512) |
Net deferred tax asset | $ | 138,579 |  |  | $ | 129,024 |
Schedule of Changes in Unrecognized Tax Benefits | A reconciliation of the beginning and ending balances of the unrecognized tax benefits is as follows:
| Year Ended April 30,
| 2025 |  | 2024 |  | 2023
| (in thousands)
Unrecognized tax benefits, beginning of year | $ | 14,023 |  |  | $ | 10,566 |  |  | $ | 10,682 |
Additions based on tax positions related to the current year | 2,140 |  |  | 1,573 |  |  | 1,257 |
Additions based on tax positions related to prior years | 993 |  |  | 2,208 |  |  | 28 |
Settlement with tax authority | (2,159) |  |  | — |  |  | (545) |
Lapse of applicable statute of limitations | (4,141) |  |  | (324) |  |  | (856) |
Unrecognized tax benefits, end of year | $ | 10,856 |  |  | $ | 14,023 |  |  | $ | 10,566 |

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration