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Income Taxes (Tables)

12 Months Ended

Apr. 30, 2022

Income Taxes [Abstract]

Provision for Income Taxes

The provisions for income taxes were as follows:

		For the Years Ended April 30,
		2022				2021				2020
Current Provision
US – Federal		$	(324	)		$	(6,631	)		$	1,145
International			57,905				43,269				37,494
State and local			221				1,359				172
Total current provision		$	57,802			$	37,997			$	38,811
Deferred provision (benefit)
US – Federal		$	(9,793	)		$	(11,996	)		$	(8,476	)
International			15,882				1,175				(15,022	)
State and local			(2,539	)			480				(4,118	)
Total deferred provision (benefit)		$	3,550			$	(10,341	)		$	(27,616	)
Total provision		$	61,352			$	27,656			$	11,195

International and United States Pretax Income (Loss)

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

		For the Years Ended April 30,
		2022				2021				2020
International		$	256,456			$	202,490			$	104,185
United States			(46,795	)			(26,578	)			(167,277	)
Total		$	209,661			$	175,912			$	(63,092	)

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,
		2022				2021				2020
US federal statutory rate			21.0	%			21.0	%			21.0	%
Cost of higher taxes on non-US income			9.7	%			1.1	%			4.8	%
Foreign tax credits related to CARES Act carryback and audit			(11.9	)%			12.3	%			—
Change in valuation allowance			11.9	%			(12.3	)%			—
State income taxes, net of US federal tax benefit			(1.0	)%			0.8	%			3.3	%
US NOL carryback under CARES Act			—				(8.0	)%			—
Tax credits and related net benefits			(0.5	)%			(0.5	)%			(1.1	)%
Impairment of goodwill and intangibles			—				—				(42.3	)%
Other			0.1	%			1.3	%			(3.4	)%
Effective income tax rate (benefit)			29.3	%			15.7	%			(17.7	)%

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 is as follows:

		2022				2021
Balance at May 1		$	9,144			$	6,194
Additions for current year tax positions			947				3,626
Additions for prior year tax positions			16				511
Reductions for prior year tax positions			—				(163	)
Foreign translation adjustment			(55	)			57
Payments and settlements			—				(215	)
Reductions for lapse of statute of limitations			(1,460	)			(866	)
Balance at April 30		$	8,592			$	9,144

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:

		2022				2021
Net operating losses		$	20,847			$	19,433
Reserve for sales returns and doubtful accounts			3,771				3,838
Accrued employee compensation			26,722				32,835
Foreign and federal credits			34,537				5,129
Other accrued expenses			11,636				16,092
Retirement and post-employment benefits			15,769				30,039
Total gross deferred tax assets		$	113,282			$	107,366
Less valuation allowance			(30,000	)			(4,855	)
Total deferred tax assets		$	83,282			$	102,511
Prepaid expenses and other current assets		$	(2,684	)		$	(459	)
Unremitted foreign earnings			(2,685	)			(2,485	)
Intangible and fixed assets			(249,215	)			(260,559	)
Total deferred tax liabilities		$	(254,584	)		$	(263,503	)
Net deferred tax liabilities		$	(171,302	)		$	(160,992	)
Reported As
Deferred tax assets		$	8,763			$	11,911
Deferred tax liabilities			(180,065	)			(172,903	)
Net Deferred Tax Liabilities		$	(171,302	)		$	(160,992	)

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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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