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Derivative Instruments and Activities (Tables) | 12 Months Ended
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Apr. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate Swaps Designated as Cash Flow Hedges | The following table summarizes our interest rate swaps designated as cash flow hedges:
|  |  |  | Notional Amount |  |  |
|  |  |  | As of April 30, |  |  |
Hedged Item | Date entered into | Nature of Swap |  | 2024 |  | 2023 |  | Fixed Interest Rate | Variable Interest Rate
Amended and Restated CA | April 09, 2024 | Pay fixed/receive variable |  | $ | 50,000 |  |  | $ | — |  |  | 4.243 | % | 1-month SOFR reset every month for a 3-year period ending July 15, 2027
| Forward starting contract(1) |  | 50,000 |  |  | — |  |  |  |
Amended and Restated CA | January 31, 2024 | Pay fixed/receive variable |  | 50,000 |  |  | — |  |  | 3.700 | % | 1-month SOFR reset every month for a 3-year period ending April 15, 2027
Amended and Restated CA | January 24, 2024 | Pay fixed/receive variable |  | 50,000 |  |  | — |  |  | 3.774 | % | 1-month SOFR reset every month for a 3-year period ending April 15, 2027
Amended and Restated CA | January 05, 2024 | Pay fixed/receive variable |  | 50,000 |  |  | — |  |  | 3.689 | % | 1-month SOFR reset every month for a 3-year period ending April 15, 2027
Amended and Restated CA | December 19, 2023 | Pay fixed/receive variable |  | 50,000 |  |  | — |  |  | 3.850 | % | 1-month SOFR reset every month for a 3-year period ending January 15, 2027
Amended and Restated CA | March 15, 2023 | Pay fixed/receive variable |  | 50,000 |  |  | 50,000 |  |  | 3.565 | % | 1-month SOFR reset every month for a 3-year period ending April 15, 2026
Amended and Restated CA | March 14, 2023 | Pay fixed/receive variable |  | 50,000 |  |  | 50,000 |  |  | 4.053 | % | 1-month SOFR reset every month for a 3-year period ending March 15, 2026
Amended and Restated CA | March 13, 2023 | Pay fixed/receive variable |  | 50,000 |  |  | 50,000 |  |  | 3.720 | % | 1-month SOFR reset every month for a 3-year period ending March 15, 2026
Amended and Restated CA | December 13, 2022 | Pay fixed/receive variable |  | 50,000 |  |  | 50,000 |  |  | 3.772 | % | 1-month SOFR reset every month for a 3-year period ending December 15, 2025
Amended and Restated CA | June 16, 2022 | Pay fixed/receive variable |  | 100,000 |  |  | 100,000 |  |  | 3.467 | % | 1-month SOFR reset every month for a 2-year period ending May 15, 2024
Amended and Restated CA | April 06, 2022 | Pay fixed/receive variable |  | — |  |  | 100,000 |  |  | 2.588 | % | 1-month SOFR reset every month for a 2-year period ending April 15, 2024
Amended and Restated CA | April 12, 2021 | Pay fixed/receive variable |  | — |  |  | 100,000 |  |  | 0.465 | % | 1-month SOFR reset every month for a 3-year period ending April 15, 2024
| Existing contracts |  | $ | 500,000 |  |  | $ | 500,000 |  |  |  |
(1) | During the fourth quarter of fiscal 2024, we entered into a $50.0 million notional amount of forward starting interest rate swap agreement to hedge the cash flow risk of variability in interest payments on our variable rate borrowings. The effective date of the forward starting interest rate swap agreement is July 15, 2024. As of April 30, 2024, this contract met the criteria of a cash flow hedge.
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location | The fair value of our interest rate swaps designated as cash flow hedges as of April 30 are reflected in our Consolidated Statements of Financial Position as follows:
Assets (Liabilities) |  | Balance Sheet Location | 2024 |  | 2023
Current asset portion |  | Prepaid expenses and other current assets | $ | 154 |  |  | $ | 6,394 |
Non-current asset portion |  | Other non-current assets | 9,686 |  |  | 1,439 |
Non-current liability portion |  | Other long-term liabilities | — |  |  | (648) |
Total cash flow hedges |  |  | $ | 9,840 |  |  | $ | 7,185 |
Reclassification out of Accumulated Other Comprehensive Income | The effect of our interest rate swaps on the Statements of Other Comprehensive (Loss) Income and the Statements of (Loss) Income for the years ended April 30 are as follows:
|  | 2024 |  | 2023 |  | 2022
Amount of pretax gains (losses) recognized in Other comprehensive income (loss) |  | $ | 15,164 |  |  | $ | 6,036 |  |  | $ | (6,894) |
Amount of pretax gains (losses) reclassified from Accumulated other comprehensive loss into Interest expense |  | $ | 12,420 |  |  | $ | 5,039 |  |  | $ | (4,242) |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
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