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Income Taxes (Tables)

12 Months Ended

Apr. 30, 2021

Income Taxes [Abstract]

Provision for Income Taxes

The provisions for income taxes were as follows:

		For the Years Ended April 30,
		2021				2020				2019
Current Provision
US – Federal		$	(6,631	)		$	1,145			$	2,384
International			43,269				37,494				52,518
State and local			1,359				172				2,536
Total current provision		$	37,997			$	38,811			$	57,438
Deferred (benefit) provision
US – Federal		$	(11,996	)		$	(8,476	)		$	335
International			1,175				(15,022	)			(7,630	)
State and local			480				(4,118	)			(5,454	)
Total deferred (benefit)		$	(10,341	)		$	(27,616	)		$	(12,749	)
Total provision		$	27,656			$	11,195			$	44,689

International and United States Pretax Income (Loss)

International and United States pretax income (loss) were as follows:

		For the Years Ended April 30,
		2021				2020				2019
International		$	202,490			$	104,185			$	204,326
United States			(26,578	)			(167,277	)			8,626
Total		$	175,912			$	(63,092	)		$	212,952

Reconciliation of Effective Income Tax Rate

Our effective income tax rate as a percentage of pretax income differed from the US federal statutory rate as shown below:

		For the Years Ended April 30,
		2021				2020				2019
US federal statutory rate			21.0	%			21.0	%			21.0	%
Cost of higher taxes on non-US income			1.1				4.8				0.9
State income taxes, net of US federal tax benefit			0.8				3.3				(1.3	)
US NOL carryback under CARES Act			(8.0	)			—				—
Deferred tax (benefit) from US Tax Act			—				—				0.1
Tax credits and related benefits			(0.5	)			(1.1	)			(0.8	)
Impairment of goodwill and intangibles			—				(42.3	)			—
Other			1.3				(3.4	)			1.1
Effective income tax rate			15.7	%			(17.7	)%			21.0	%

Unrecognized Tax Benefits

A reconciliation of the unrecognized tax benefits included within the Other long-term liabilities line item on the Consolidated Statements of Financial Position follows:

		2021				2020
Balance at May 1		$	6,194			$	7,659
Additions for current year tax positions			3,626				694
Additions for prior year tax positions			511				—
Reductions for prior year tax positions			(163	)			(655	)
Foreign translation adjustment			57				(15	)
Payments and settlements			(215	)			(56	)
Reductions for lapse of statute of limitations			(866	)			(1,433	)
Balance at April 30		$	9,144			$	6,194

Deferred Tax Assets and Liabilities

We believe that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the net deferred tax assets. The significant components of deferred tax assets and liabilities at April 30 were as follows:

		2021				2020
Net operating losses		$	19,433			$	17,966
Reserve for sales returns and doubtful accounts			3,838				2,638
Accrued employee compensation			32,835				20,114
Foreign and federal credits			5,129				31,487
Other accrued expenses			16,092				11,827
Retirement and post-employment benefits			30,039				37,927
Total gross deferred tax assets		$	107,366			$	121,959
Less valuation allowance			(4,855	)			(23,287	)
Total deferred tax assets		$	102,511			$	98,672
Prepaid expenses and other current assets		$	(459	)		$	(1,142	)
Unremitted foreign earnings			(2,485	)			(1,985	)
Intangible and fixed assets			(260,559	)			(205,882	)
Total deferred tax liabilities		$	(263,503	)		$	(209,009	)
Net deferred tax liabilities		$	(160,992	)		$	(110,337	)
Reported As
Deferred tax assets		$	11,911			$	8,790
Deferred tax liabilities			(172,903	)			(119,127	)
Net Deferred Tax Liabilities		$	(160,992	)		$	(110,337	)

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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