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Operating Leases (Tables)

6 Months Ended

Oct. 31, 2023

For operating leases, the ROU assets and liabilities are presented on our Unaudited Condensed Consolidated Statement of Financial Position as follows:


	October 31, 2023		April 30, 2023
Operating lease ROU assets	$	79,009	$	91,197
Short-term portion of operating lease liabilities	17,804		19,673
Operating lease liabilities, non-current	$	101,816	$	115,540

Total Net Lease Costs

Our total net lease costs are as follows:


	Three Months Ended October 31,				Six Months Ended October 31,
	2023		2022		2023		2022
Operating lease cost	$	3,855	$	4,528	$	7,938	$	9,710
Variable lease cost	297		264		582		542
Short-term lease cost	292		146		570		261
Sublease income	(218)		(172)		(421)		(370)
Total net lease cost (1)	$	4,226	$	4,766	$	8,669	$	10,143


(1)			Total net lease cost does not include those costs and sublease income included in Restructuring and related charges on our Unaudited Condensed Consolidated Statements of Net (Loss) Income. This includes those operating leases we had identified as part of our restructuring program that would be subleased. See Note 9, “Restructuring and Related Charges” for more information on this program.

Other Supplemental Information for Operating Leases

Other supplemental information includes the following:


	Six Months Ended October 31,
	2023			2022
Weighted-average remaining contractual lease term (years)	8			8
Weighted-average discount rate	6.01		%	5.93		%
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	13,117		$	13,756

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 October 31, 2023:


Fiscal Year	Operating Lease Liabilities
2024 (remaining 6 months)	$	12,312
2025	23,291
2026	21,481
2027	16,954
2028	13,246
Thereafter	64,185
Total future undiscounted minimum lease payments	151,469

Less: Imputed interest	31,849

Present value of minimum lease payments	119,620

Less: Current portion	17,804

Noncurrent portion	$	101,816