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Leases | 9 Months Ended
--- | ---
Jan. 31, 2025
Leases [Abstract] |
Leases | Leases The Company’s lease portfolio is comprised of operating leases for office space and equipment and finance leases for equipment. Equipment leases are comprised of vehicles and office equipment. The components of lease expense were as follows:
| Three Months Ended January 31, |  | Nine Months Ended January 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Finance lease cost |  |  |  |  |  |  |
Amortization of ROU assets | $ | 352 |  |  | $ | 384 |  |  | $ | 1,093 |  |  | $ | 1,234 |
Interest on lease liabilities | 41 |  |  | 53 |  |  | 135 |  |  | 161 |
| 393 |  |  | 437 |  |  | 1,228 |  |  | 1,395 |
Operating lease cost | 11,774 |  |  | 12,013 |  |  | 35,865 |  |  | 35,099 |
Short-term lease cost | 226 |  |  | 178 |  |  | 654 |  |  | 669 |
Variable lease cost | 2,763 |  |  | 3,371 |  |  | 8,131 |  |  | 10,286 |
Lease impairment cost | 2,452 |  |  | — |  |  | 2,452 |  |  | 1,629 |
Sublease income | (1,309) |  |  | (1,096) |  |  | (3,668) |  |  | (3,210) |
Total lease cost | $ | 16,299 |  |  | $ | 14,903 |  |  | $ | 44,662 |  |  | $ | 45,868 |
Supplemental cash flow information related to leases was as follows:
| Nine Months Ended January 31,
| 2025 |  | 2024
| (in thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 37,372 |  |  | $ | 38,616 |
Financing cash flows from finance leases | $ | 1,211 |  |  | $ | 1,361 |
ROU assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 20,908 |  |  | $ | 56,487 |
Finance leases | $ | 393 |  |  | $ | 882 |
Maturities of lease liabilities were as follows:
Year Ending April 30, |  | Operating |  | Financing
|  | (in thousands)
2025 (excluding the nine months ended January 31, 2025) |  | $ | 10,207 |  |  | $ | 380 |
2026 |  | 41,736 |  |  | 1,281 |
2027 |  | 29,760 |  |  | 865 |
2028 |  | 24,701 |  |  | 567 |
2029 |  | 19,634 |  |  | 17 |
Thereafter |  | 83,664 |  |  | — |
Total lease payments |  | 209,702 |  |  | 3,110 |
Less: imputed interest |  | 42,046 |  |  | 209 |
Total |  | $ | 167,656 |  |  | $ | 2,901 |
Leases | Leases The Company’s lease portfolio is comprised of operating leases for office space and equipment and finance leases for equipment. Equipment leases are comprised of vehicles and office equipment. The components of lease expense were as follows:
| Three Months Ended January 31, |  | Nine Months Ended January 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Finance lease cost |  |  |  |  |  |  |
Amortization of ROU assets | $ | 352 |  |  | $ | 384 |  |  | $ | 1,093 |  |  | $ | 1,234 |
Interest on lease liabilities | 41 |  |  | 53 |  |  | 135 |  |  | 161 |
| 393 |  |  | 437 |  |  | 1,228 |  |  | 1,395 |
Operating lease cost | 11,774 |  |  | 12,013 |  |  | 35,865 |  |  | 35,099 |
Short-term lease cost | 226 |  |  | 178 |  |  | 654 |  |  | 669 |
Variable lease cost | 2,763 |  |  | 3,371 |  |  | 8,131 |  |  | 10,286 |
Lease impairment cost | 2,452 |  |  | — |  |  | 2,452 |  |  | 1,629 |
Sublease income | (1,309) |  |  | (1,096) |  |  | (3,668) |  |  | (3,210) |
Total lease cost | $ | 16,299 |  |  | $ | 14,903 |  |  | $ | 44,662 |  |  | $ | 45,868 |
Supplemental cash flow information related to leases was as follows:
| Nine Months Ended January 31,
| 2025 |  | 2024
| (in thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases | $ | 37,372 |  |  | $ | 38,616 |
Financing cash flows from finance leases | $ | 1,211 |  |  | $ | 1,361 |
ROU assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 20,908 |  |  | $ | 56,487 |
Finance leases | $ | 393 |  |  | $ | 882 |
Maturities of lease liabilities were as follows:
Year Ending April 30, |  | Operating |  | Financing
|  | (in thousands)
2025 (excluding the nine months ended January 31, 2025) |  | $ | 10,207 |  |  | $ | 380 |
2026 |  | 41,736 |  |  | 1,281 |
2027 |  | 29,760 |  |  | 865 |
2028 |  | 24,701 |  |  | 567 |
2029 |  | 19,634 |  |  | 17 |
Thereafter |  | 83,664 |  |  | — |
Total lease payments |  | 209,702 |  |  | 3,110 |
Less: imputed interest |  | 42,046 |  |  | 209 |
Total |  | $ | 167,656 |  |  | $ | 2,901 |

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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