v3.25.3

Financial Instruments (Tables)

6 Months Ended

Oct. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments and Balance Sheet Classification

The following tables show the Company’s financial instruments and balance sheet classification as of October 31, 2025 and April 30, 2025:

			October 31, 2025
			Fair Value Measurement																								Balance Sheet Classification
			Cost						Unrealized Gains						Unrealized Losses						Fair Value						Cash and Cash Equivalents						Marketable Securities, Current						Marketable Securities, Non- current						Other Accrued Liabilities
			(in thousands)
Changes in Fair Value Recorded in
Other Comprehensive Income
Level 2:
Commercial paper			$	1,967					$	—					$	—					$	1,967					$	—					$	1,967					$	—					$	—
Corporate notes/bonds			37,147						68						(11)						37,204						—						22,900						14,304						—
U.S. Treasury and Agency Securities			2,402						3						(1)						2,404						—						—						2,404						—
Total debt investments			$	41,516					$	71					$	(12)					$	41,575					$	—					$	24,867					$	16,708					$	—
Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)																					$	235,161					$	—					$	14,642					$	220,519					$	—
Total equity investments																					$	235,161					$	—					$	14,642					$	220,519					$	—
Cash																					$	598,067					$	598,067					$	—					$	—					$	—
Money market funds																					163,512						163,512						—						—						—
Level 2:
Foreign currency forward contracts																					(700)						—						—						—						(700)
Total																					$	1,037,615					$	761,579					$	39,509					$	237,227					$	(700)

			April 30, 2025
			Fair Value Measurement																								Balance Sheet Classification
			Cost						Unrealized Gains						Unrealized Losses						Fair Value						Cash and Cash Equivalents						Marketable Securities, Current						Marketable Securities, Non-current						Income Taxes & Other Receivables
			(in thousands)
Changes in Fair Value Recorded in
Other Comprehensive Income
Level 2:
Commercial paper			$	3,842					$	—					$	(1)					$	3,841					$	500					$	3,341					$	—					$	—
Corporate notes/bonds			32,747						83						(10)						32,820						—						18,709						14,111						—
U.S. Treasury and Agency Securities			3,497						4						—						3,501						—						1,995						1,506						—
Total debt investments			$	40,086					$	87					$	(11)					$	40,162					$	500					$	24,045					$	15,617					$	—
Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)																					$	230,352					$	—					$	12,343					$	218,009					$	—
Total equity investments																					$	230,352					$	—					$	12,343					$	218,009					$	—
Cash																					$	704,091					$	704,091					$	—					$	—					$	—
Money market funds																					302,373						302,373						—						—						—
Level 2:
Foreign currency forward contracts																					891						—						—						—						891
Total																					$	1,277,869					$	1,006,964					$	36,388					$	233,626					$	891

___________________

(1) These investments are held in trust for settlement of the Company’s vested obligations of $217.7 million and $205.3 million as of October 31, 2025 and April 30, 2025, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $18.3 million and $19.5 million as of October 31, 2025 and April 30, 2025, respectively. During the three and six months ended October 31, 2025, the fair value of the investments increased; therefore, the Company recognized a gain of $6.7 million and $19.0 million, respectively, which was recorded in other income, net. During the three and six months ended October 31, 2024, the fair value of the investments increased; therefore, the Company recognized a gain of $4.7 million and $18.9 million, respectively, which was recorded in other income, net.

Schedule of Financial Instruments and Balance Sheet Classification

The following tables show the Company’s financial instruments and balance sheet classification as of October 31, 2025 and April 30, 2025:

			October 31, 2025
			Fair Value Measurement																								Balance Sheet Classification
			Cost						Unrealized Gains						Unrealized Losses						Fair Value						Cash and Cash Equivalents						Marketable Securities, Current						Marketable Securities, Non- current						Other Accrued Liabilities
			(in thousands)
Changes in Fair Value Recorded in
Other Comprehensive Income
Level 2:
Commercial paper			$	1,967					$	—					$	—					$	1,967					$	—					$	1,967					$	—					$	—
Corporate notes/bonds			37,147						68						(11)						37,204						—						22,900						14,304						—
U.S. Treasury and Agency Securities			2,402						3						(1)						2,404						—						—						2,404						—
Total debt investments			$	41,516					$	71					$	(12)					$	41,575					$	—					$	24,867					$	16,708					$	—
Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)																					$	235,161					$	—					$	14,642					$	220,519					$	—
Total equity investments																					$	235,161					$	—					$	14,642					$	220,519					$	—
Cash																					$	598,067					$	598,067					$	—					$	—					$	—
Money market funds																					163,512						163,512						—						—						—
Level 2:
Foreign currency forward contracts																					(700)						—						—						—						(700)
Total																					$	1,037,615					$	761,579					$	39,509					$	237,227					$	(700)

			April 30, 2025
			Fair Value Measurement																								Balance Sheet Classification
			Cost						Unrealized Gains						Unrealized Losses						Fair Value						Cash and Cash Equivalents						Marketable Securities, Current						Marketable Securities, Non-current						Income Taxes & Other Receivables
			(in thousands)
Changes in Fair Value Recorded in
Other Comprehensive Income
Level 2:
Commercial paper			$	3,842					$	—					$	(1)					$	3,841					$	500					$	3,341					$	—					$	—
Corporate notes/bonds			32,747						83						(10)						32,820						—						18,709						14,111						—
U.S. Treasury and Agency Securities			3,497						4						—						3,501						—						1,995						1,506						—
Total debt investments			$	40,086					$	87					$	(11)					$	40,162					$	500					$	24,045					$	15,617					$	—
Changes in Fair Value Recorded in
Net Income
Level 1:
Mutual funds (1)																					$	230,352					$	—					$	12,343					$	218,009					$	—
Total equity investments																					$	230,352					$	—					$	12,343					$	218,009					$	—
Cash																					$	704,091					$	704,091					$	—					$	—					$	—
Money market funds																					302,373						302,373						—						—						—
Level 2:
Foreign currency forward contracts																					891						—						—						—						891
Total																					$	1,277,869					$	1,006,964					$	36,388					$	233,626					$	891

___________________

(1) These investments are held in trust for settlement of the Company’s vested obligations of $217.7 million and $205.3 million as of October 31, 2025 and April 30, 2025, respectively, under the ECAP (see Note 6 — Deferred Compensation and Retirement Plans). Unvested obligations under the deferred compensation plans totaled $18.3 million and $19.5 million as of October 31, 2025 and April 30, 2025, respectively. During the three and six months ended October 31, 2025, the fair value of the investments increased; therefore, the Company recognized a gain of $6.7 million and $19.0 million, respectively, which was recorded in other income, net. During the three and six months ended October 31, 2024, the fair value of the investments increased; therefore, the Company recognized a gain of $4.7 million and $18.9 million, respectively, which was recorded in other income, net.

Schedule of Fair Value of Assets Derivatives

The fair value of derivatives not designated as hedge instruments are as follows:

			October 31, 2025						April 30, 2025
			(in thousands)
Derivative assets:
Foreign currency forward contracts			$	97					$	2,486
Derivative liabilities:
Foreign currency forward contracts			$	797					$	1,595

Schedule of Fair Value of Liabilities Derivatives

The fair value of derivatives not designated as hedge instruments are as follows:

			October 31, 2025						April 30, 2025
			(in thousands)
Derivative assets:
Foreign currency forward contracts			$	97					$	2,486
Derivative liabilities:
Foreign currency forward contracts			$	797					$	1,595

X

- Definition

Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

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