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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Jan. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The following table summarizes our interest rate swaps designated as cash flow hedges:
Notional Amount
Hedged Item (1)
Date entered intoNature of SwapJanuary 31, 2024April 30, 2023Fixed Interest RateVariable Interest Rate
Amended and Restated CAJanuary 31, 2024Pay 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 CAJanuary 24, 2024Pay fixed/receive variable50,000 — 3.774 %
1-month SOFR reset every month for a 3-year period ending April 15, 2027
Amended and Restated CAJanuary 05, 2024Pay fixed/receive variable50,000 — 3.689 %
1-month SOFR reset every month for a 3-year period ending April 15, 2027
Forward starting contracts (2)
150,000 — 
Amended and Restated CADecember 19, 2023Pay fixed/receive variable50,000 — 3.850 %
1-month SOFR reset every month for a 3-year period ending January 15, 2027
Amended and Restated CAMarch 15, 2023Pay fixed/receive variable50,000 50,000 3.565 %
1-month SOFR reset every month for a 3-year period ending April 15, 2026
Amended and Restated CAMarch 14, 2023Pay fixed/receive variable50,000 50,000 4.053 %
1-month SOFR reset every month for a 3-year period ending March 15, 2026
Amended and Restated CAMarch 13, 2023Pay fixed/receive variable50,000 50,000 3.720 %
1-month SOFR reset every month for a 3-year period ending March 15, 2026
Amended and Restated CADecember 13, 2022Pay fixed/receive variable50,000 50,000 3.772 %
1-month SOFR reset every month for a 3-year period ending December 15, 2025
Amended and Restated CAJune 16, 2022Pay fixed/receive variable100,000 100,000 3.467 %
1-month SOFR reset every month for a 2-year period ending May 15, 2024
Amended and Restated CAApril 6, 2022Pay fixed/receive variable100,000 100,000 2.588 %
1-month SOFR reset every month for a 2-year period ending April 15, 2024
Amended and Restated CAApril 12, 2021Pay fixed/receive variable100,000 100,000 0.465 %
1-month SOFR reset every month for a 3-year period ending April 15, 2024
Existing contracts$550,000 $500,000 
(1)
On November 30, 2022, we entered into the Second Amendment to our Amended and Restated CA. Refer to Note 15, "Debt and Available Credit Facilities" for more information related to our Amended and Restated CA.
(2)
During the third quarter of fiscal 2024, we entered into $150.0 million notional amount of forward starting interest rate swap agreements to hedge the cash flow risk of variability in interest payments on our variable rate borrowings. The effective date of these forward starting interest rate swap agreements is April 15, 2024. As of January 31, 2024, these contracts met the criteria of a cash flow hedge.