XML 48 R32.htm IDEA: XBRL DOCUMENT v3.21.2
Operating Leases (Tables)
3 Months Ended
Jul. 31, 2021
Operating Leases [Abstract]  
ROU Assets and Lease Liabilities
For operating leases, the ROU assets and lease liabilities are presented on our Unaudited Condensed Consolidated Statement of Financial Position as follows:

 
July 31, 2021
   
April 30, 2021
 
Operating lease ROU assets
 
$
122,334
   
$
121,430
 
Short-term portion of operating lease liabilities
   
21,547
     
22,440
 
Operating lease liabilities, non-current
 
$
145,340
   
$
145,832
 
Total Net Lease Costs
Our total net lease costs are as follows:

   
Three Months Ended
July 31,
 
 
2021
   
2020
 
Operating lease cost
 
$
5,917
   
$
6,635
 
Variable lease cost
   
344
     
521
 
Short-term lease cost
   
20
     
88
 
Sublease income
   
(201
)
   
(170
)
Total net lease cost (1)
 
$
6,080
   
$
7,074
 

(1)
Total net lease cost does not include those costs and sublease income included in Restructuring and related (credits) charges on our Unaudited Condensed Consolidated Statements of Net Income. This includes those operating leases we had identified in the year ended April 30, 2021 as part of our Business Optimization program that would be subleased. See Note 9, “Restructuring and Related (Credits) Charges” for more information on these programs.
Other Supplemental Information for Operating Leases
Other supplemental information includes the following:
 
Three Months Ended
July 31,
 
   
2021
   
2020
 
Weighted-average remaining contractual lease term (years)
   
9
     
10
 
Weighted-average discount rate
   
5.83
%
   
5.89
%
Cash paid for amounts included in the measurement of lease liabilities:
               
Operating cash flows from operating leases
 
$
7,974
   
$
8,974
 
Reconciliation of Undiscounted Cash Flows to Operating Lease Liabilities
The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded in our Unaudited Condensed Consolidated Statement of Financial Position as of July 31, 2021:

Fiscal Year
 
Operating Lease
Liabilities
 
2022 (remaining 9 months)
 
$
22,263
 
2023
   
27,323
 
2024
   
26,010
 
2025
   
24,630
 
2026
   
21,991
 
Thereafter
   
95,376
 
Total future undiscounted minimum lease payments
   
217,593
 
         
Less: Imputed interest
   
50,706
 
         
Present value of minimum lease payments
   
166,887
 
         
Less: Current portion
   
21,547
 
         
Noncurrent portion
 
$
145,340