XML 48 R38.htm IDEA: XBRL DOCUMENT
v3.19.2

Leases (Tables) | 3 Months Ended
--- | ---
Jul. 31, 2019
Leases [Abstract] |
Components of Lease Costs and Additional Information | Additional information related to leases was as follows:
|  | Three Months Ended
|  | July 31,
(in thousands) |  | 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows for finance leases |  | $ | 53 |
Operating cash flows for operating leases |  | 5,109 |
Financing cash flows for financing leases |  | 589 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | 485 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | 21,118 |
Weighted average remaining lease term (years) |  |
Weighted average remaining lease term - finance leases |  | 3.52 |
Weighted average remaining lease term - operating leases |  | 6.71 |
Weighted average discount rate |  |
Weighted average discount rate - finance leases |  | 3.23 | %
Weighted average discount rate - operating leases |  | 4.25 | %
The components of lease costs were as follows:
|  | Three Months Ended
|  | July 31,
(in thousands) |  | 2019
Finance lease cost: |  |  |
Amortization of right-of-use assets |  | $ | 612 |
Interest on lease liabilities |  | 53 |
Operating lease cost |  | 5,344 |
Reconciliation of Future Undiscounted Cash Flows to Operating Lease Liabilities | The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the unaudited condensed consolidated balance sheet as of July 31, 2019:
(in thousands) |  | Operating leases |  | Financing leases
Year ending April 30, |  |  |  |  |  |
2020 |  | $ | 18,174 |  |  | $ | 1,927 |
2021 |  | 21,854 |  |  | 2,089 |
2022 |  | 14,837 |  |  | 1,149 |
2023 |  | 11,251 |  |  | 779 |
2024 |  | 10,410 |  |  | 763 |
Thereafter |  | 34,881 |  |  | 176 |
Total lease payments |  | 111,407 |  |  | 6,883 |
Less imputed interest |  | (14,847 | ) |  | (342 | )
Total lease liability |  | $ | 96,560 |  |  | $ | 6,541 |
Current maturities |  | (20,289 | ) |  | (2,352 | )
Lease liability - long-term |  | $ | 76,271 |  |  | $ | 4,189 |
Lease assets |  | $ | 95,285 |  |  | $ | 10,810 |
Reconciliation of Future Undiscounted Cash Flows to Finance Lease Liabilities | The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the unaudited condensed consolidated balance sheet as of July 31, 2019:
(in thousands) |  | Operating leases |  | Financing leases
Year ending April 30, |  |  |  |  |  |
2020 |  | $ | 18,174 |  |  | $ | 1,927 |
2021 |  | 21,854 |  |  | 2,089 |
2022 |  | 14,837 |  |  | 1,149 |
2023 |  | 11,251 |  |  | 779 |
2024 |  | 10,410 |  |  | 763 |
Thereafter |  | 34,881 |  |  | 176 |
Total lease payments |  | 111,407 |  |  | 6,883 |
Less imputed interest |  | (14,847 | ) |  | (342 | )
Total lease liability |  | $ | 96,560 |  |  | $ | 6,541 |
Current maturities |  | (20,289 | ) |  | (2,352 | )
Lease liability - long-term |  | $ | 76,271 |  |  | $ | 4,189 |
Lease assets |  | $ | 95,285 |  |  | $ | 10,810 |
Schedule of Future Minimum Lease Payments for Operating Leases Under ASC Topic 840 | As we have not restated prior-year information for our adoption of ASC Topic 842, the following presents our future minimum lease payments for operating leases and capital leases under ASC Topic 840 on April 30, 2019:
FISCAL YEAR | OPERATING (in thousands) |  | CAPITAL (in thousands)
2020 | $ | 17,943 |  |  | 2,456 |
2021 | 17,649 |  |  | 1,953 |
2022 | 12,435 |  |  | 1,013 |
2023 | 10,636 |  |  | 705 |
2024 | 9,854 |  |  | 701 |
2025 (and thereafter) | 38,871 |  |  | 166 |
| $ | 107,388 |  |  | $ | 6,994 |
Less amounts representing interest (2% - 6.5%) |  |  | (349 | )
Total obligations under capital leases |  |  | $ | 6,645 |
Schedule of Future Minimum Lease Payments for Capital Leases Under ASC Topic 840 | As we have not restated prior-year information for our adoption of ASC Topic 842, the following presents our future minimum lease payments for operating leases and capital leases under ASC Topic 840 on April 30, 2019:
FISCAL YEAR | OPERATING (in thousands) |  | CAPITAL (in thousands)
2020 | $ | 17,943 |  |  | 2,456 |
2021 | 17,649 |  |  | 1,953 |
2022 | 12,435 |  |  | 1,013 |
2023 | 10,636 |  |  | 705 |
2024 | 9,854 |  |  | 701 |
2025 (and thereafter) | 38,871 |  |  | 166 |
| $ | 107,388 |  |  | $ | 6,994 |
Less amounts representing interest (2% - 6.5%) |  |  | (349 | )
Total obligations under capital leases |  |  | $ | 6,645 |

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737 + Details
Name: | us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
Name: | us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration