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Operating Leases | 12 Months Ended
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Apr. 30, 2026
Leases [Abstract] |
Operating Leases | Operating Leases We have operating leases with contractual obligations as a lessee with respect to offices, warehouses and distribution centers, automobiles, and office equipment. For operating leases, the ROU assets and liabilities as of April 30 are presented in our Consolidated Statements of Financial Position as follows:
| 2026 |  | 2025 |
Operating lease ROU assets | $ | 57,128 |  |  | $ | 66,128 |  |
Short-term portion of operating lease liabilities | 15,954 |  |  | 18,282 |  |
Operating lease liabilities, non-current | $ | 69,544 |  |  | $ | 81,482 |  |
As a result of the Global Restructuring Program, which included the exit of certain leased office space, we recorded restructuring and related charges, which included impairment charges and the acceleration of expense associated with certain operating lease ROU assets. See Note 7, “Restructuring and Related Charges” for more information on this program and the charges incurred. Our total net lease costs were as follows:
|  |  |  |  | For the Years Ended April 30, |
|  |  |  |  | 2026 |  | 2025 |  | 2024 |
Operating lease cost |  |  |  |  | $ | 14,107 |  |  | $ | 14,613 |  |  | $ | 14,575 |  |
Variable lease cost |  |  |  |  | 710 |  |  | 833 |  |  | 1,096 |  |
Short-term lease cost |  |  |  |  | 378 |  |  | 455 |  |  | 1,059 |  |
Sublease income |  |  |  |  | (367) |  |  | (560) |  |  | (847) |  |
Total net lease cost (1) |  |  |  |  | $ | 14,828 |  |  | $ | 15,341 |  |  | $ | 15,883 |  |
(1) | Total net lease cost does not include those costs and sublease income for operating leases identified as part of our restructuring programs, which are included in Restructuring and related charges on our Consolidated Statements of Income (Loss). See Note 7, “Restructuring and Related Charges” for more information on these programs.
Other supplemental information includes the following:
| For the Years Ended April 30, |
| 2026 |  | 2025 |  | 2024 |
Weighted-average remaining contractual lease term (years) | 6 |  | 7 |  | 7 |
Weighted-average discount rate | 6.23 | % |  | 6.16 | % |  | 6.05 | % |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows from operating leases | $ | 22,704 |  |  | $ | 22,209 |  |  | $ | 25,852 |  |
Operating lease liabilities arising from obtaining ROU assets | $ | 1,642 |  |  | $ | 1,646 |  |  | $ | 2,199 |  |
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 the Consolidated Statement of Financial Position as of April 30, 2026:
Fiscal Year |  | Operating Lease Liabilities
2027 |  | $ | 20,180 |
2028 |  | 16,545 |
2029 |  | 15,199 |
2030 |  | 14,706 |
2031 |  | 14,457 |
Thereafter |  | 21,635 |
Total future undiscounted minimum lease payments |  | 102,722 |
Less: Imputed interest |  | 17,224 |
Present value of minimum lease payments |  | 85,498 |
Less: Current portion |  | 15,954 |
Noncurrent portion |  | $ | 69,544 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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