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Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expense | The provisions for income taxes were as follows:
| For the Years Ended April 30,
| 2024 |  | 2023 |  | 2022
Current Provision |  |  |  |  |
US – Federal | $ | 2,152 |  |  | $ | 2,857 |  |  | $ | (324) |
International | 49,357 |  |  | 48,694 |  |  | 57,905 |
State and local | (337) |  |  | 1,797 |  |  | 221 |
Total current provision | $ | 51,172 |  |  | $ | 53,348 |  |  | $ | 57,802 |
Deferred (benefit) provision |  |  |  |  |
US – Federal | $ | (25,026) |  |  | $ | (24,368) |  |  | $ | (9,793) |
International | (4,772) |  |  | (8,705) |  |  | 15,882 |
State and local | (8,102) |  |  | (4,408) |  |  | (2,539) |
Total deferred (benefit) provision | $ | (37,900) |  |  | $ | (37,481) |  |  | $ | 3,550 |
Total provision | $ | 13,272 |  |  | $ | 15,867 |  |  | $ | 61,352 |
Schedule of Income Before Income Tax, Domestic and Foreign | International and United States pretax income (loss) were as follows:
| For the Years Ended April 30,
| 2024 |  | 2023 |  | 2022
International | $ | 109,616 |  |  | $ | 204,055 |  |  | $ | 256,456 |
United States | (296,663) |  |  | (170,955) |  |  | (46,795) |
Total | $ | (187,047) |  |  | $ | 33,100 |  |  | $ | 209,661 |
Schedule of Effective Income Tax Rate Reconciliation | 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,
| 2024 |  | 2023 |  | 2022
US federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Impact of foreign operations | (11.7) | % |  | (10.5) | % |  | 9.5 | %
Foreign tax credits related to CARES Act carryback and audit | — | % |  | — | % |  | (11.9) | %
Change in valuation allowance | (14.0) | % |  | (7.4) | % |  | 11.9 | %
State income taxes, net of US federal tax benefit | 4.6 | % |  | (7.2) | % |  | (1.0) | %
Tax credits and related net benefits | 1.8 | % |  | (12.1) | % |  | (1.1) | %
Impairment of goodwill | (10.9) | % |  | 66.7 | % |  | — | %
Return to provision | 6.1 | % |  | (13.7) | % |  | — | %
Other | (4.0) | % |  | 11.1 | % |  | 0.9 | %
Effective income tax rate | (7.1) | % |  | 47.9 | % |  | 29.3 | %
Schedule of 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:
| 2024 |  | 2023
Balance at May 1 | $ | 9,421 |  |  | $ | 8,592 |
Additions for current year tax positions | 1,607 |  |  | 1,236 |
Additions for prior year tax positions | — |  |  | 533 |
Reductions for prior year tax positions | (181) |  |  | — |
Foreign translation adjustment | — |  |  | (24) |
Payments and settlements | (849) |  |  | — |
Reductions for lapse of statute of limitations | (847) |  |  | (916) |
Balance at April 30 | $ | 9,151 |  |  | $ | 9,421 |
Schedule of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and liabilities as of April 30 were as follows:
| 2024 |  | 2023
Net operating losses | $ | 22,587 |  |  | $ | 27,434 |
Reserve for sales returns and doubtful accounts | 2,363 |  |  | 2,523 |
Accrued employee compensation | 27,293 |  |  | 24,928 |
Foreign and federal credits | 33,742 |  |  | 31,930 |
Other accrued expenses | 3,822 |  |  | 3,732 |
Retirement and post-employment benefits | 10,203 |  |  | 16,880 |
Operating lease liabilities | 23,095 |  |  | 26,631 |
Interest expense disallowance | 10,676 |  |  | 570 |
Total gross deferred tax assets | $ | 133,781 |  |  | $ | 134,628 |
Less valuation allowance | (53,498) |  |  | (27,448) |
Total deferred tax assets | $ | 80,283 |  |  | $ | 107,180 |
Prepaid expenses and other assets | $ | (5,352) |  |  | $ | (4,716) |
Unremitted foreign earnings | (3,115) |  |  | (2,835) |
Intangible and fixed assets | (155,862) |  |  | (216,251) |
Right-of-use assets | (12,685) |  |  | (16,049) |
Total deferred tax liabilities | $ | (177,014) |  |  | $ | (239,851) |
Net deferred tax liabilities | $ | (96,731) |  |  | $ | (132,671) |
Reported As |  |  |
Deferred tax assets excluding held-for-sale | 3,147 |  |  | 11,371 |
Deferred tax assets held-for-sale | 6,176 |  |  | — |
Deferred tax assets | $ | 9,323 |  |  | $ | 11,371 |
Deferred tax liabilities excluding held-for-sale | (97,186) |  |  | (144,042) |
Deferred tax liabilities held-for-sale | (8,868) |  |  | — |
Deferred tax liabilities | (106,054) |  |  | (144,042) |
Net deferred tax liabilities | $ | (96,731) |  |  | $ | (132,671) |

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