v3.25.3
Leases
 6 Months Ended
Oct. 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. During the three and six months ended October 31, 2025, at the request of a landlord, the Company modified an office lease to shorten the lease term and in return the landlord agreed to pay the Company a fixed cash incentive. As a result of the office lease modification the Company recorded a $13.9 million gain during the three and six months ended October 31, 2025 included in general and administrative expenses in the accompanying condensed consolidated statements of income.
The components of lease expense were as follows:
Three Months Ended
October 31,		Six Months Ended
October 31,
2025202420252024
(in thousands)
Finance lease cost
Amortization of ROU assets$437 $362 $836 $741 
Interest on lease liabilities51 45 95 94 
488 407 931 835 
Operating lease cost12,334 12,096 24,719 24,091 
Short-term lease cost210 202 431 428 
Variable lease cost2,891 3,027 5,498 5,368 
Gain on modification of office lease
(13,907)— (13,907)— 
Sublease income(1,545)(1,206)(3,178)(2,359)
Total lease cost$471 $14,526 $14,494 $28,363 
.
Supplemental cash flow information related to leases was as follows:
Six Months Ended
October 31,
20252024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$21,835 $24,597 
Financing cash flows from finance leases$989 $815 
ROU assets obtained in exchange for lease obligations:
Operating leases$6,690 $18,565 
Finance leases$1,581 $217 
Maturities of lease liabilities were as follows:
Year Ending April 30,OperatingFinancing
(in thousands)
2026 (excluding the six months ended October 31, 2025)
$21,484 $947 
2027
33,202 1,560 
2028
27,620 1,246 
2029
21,303 276 
2030
16,037 102 
Thereafter72,049 9 
Total lease payments191,695 4,140 
Less: imputed interest40,136 277 
Total$151,559 $3,863 
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. During the three and six months ended October 31, 2025, at the request of a landlord, the Company modified an office lease to shorten the lease term and in return the landlord agreed to pay the Company a fixed cash incentive. As a result of the office lease modification the Company recorded a $13.9 million gain during the three and six months ended October 31, 2025 included in general and administrative expenses in the accompanying condensed consolidated statements of income.
The components of lease expense were as follows:
Three Months Ended
October 31,		Six Months Ended
October 31,
2025202420252024
(in thousands)
Finance lease cost
Amortization of ROU assets$437 $362 $836 $741 
Interest on lease liabilities51 45 95 94 
488 407 931 835 
Operating lease cost12,334 12,096 24,719 24,091 
Short-term lease cost210 202 431 428 
Variable lease cost2,891 3,027 5,498 5,368 
Gain on modification of office lease
(13,907)— (13,907)— 
Sublease income(1,545)(1,206)(3,178)(2,359)
Total lease cost$471 $14,526 $14,494 $28,363 
.
Supplemental cash flow information related to leases was as follows:
Six Months Ended
October 31,
20252024
(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$21,835 $24,597 
Financing cash flows from finance leases$989 $815 
ROU assets obtained in exchange for lease obligations:
Operating leases$6,690 $18,565 
Finance leases$1,581 $217 
Maturities of lease liabilities were as follows:
Year Ending April 30,OperatingFinancing
(in thousands)
2026 (excluding the six months ended October 31, 2025)
$21,484 $947 
2027
33,202 1,560 
2028
27,620 1,246 
2029
21,303 276 
2030
16,037 102 
Thereafter72,049 9 
Total lease payments191,695 4,140 
Less: imputed interest40,136 277 
Total$151,559 $3,863