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Leases (Tables) | 6 Months Ended
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Oct. 31, 2021
Leases [Abstract] |
Components of Lease Costs and Additional Information | The components of lease costs were as follows:
|  | Six Months Ended
|  | October 31,
(in thousands) |  | 2021 |  | 2020
Finance lease cost: |  |  |  |
Reduction in the carrying value of right-of-use assets |  | $ | 623 |  |  | $ | 222 |
Interest on lease liabilities |  | $ | 52 |  |  | $ | 30 |
Operating lease cost |  | $ | 13,983 |  |  | $ | 13,366 |
Additional information related to leases was as follows:
|  | Six Months Ended
|  | October 31,
(in thousands) |  | 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows for finance leases |  | $ | 52 |  |  | $ | 30 |
Operating cash flows for operating leases |  | $ | 12,798 |  |  | $ | 12,164 |
Financing cash flows for financing leases |  | $ | 607 |  |  | $ | 210 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | 1,100 |  |  | $ | 941 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 6,147 |  |  | $ | 6,788 |
Weighted average remaining lease term (years) |  |  |  |
Weighted average remaining lease term - finance leases |  | 2.63 |  | 3.18
Weighted average remaining lease term - operating leases |  | 6.16 |  | 7.08
Weighted average discount rate |  |  |  |
Weighted average discount rate - finance leases |  | 2.86 | % |  | 3.02 | %
Weighted average discount rate - operating leases |  | 3.15 | % |  | 3.31 | %
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 October 31, 2021:
(in thousands) |  | Operating leases |  | Financing leases
Year ending April 30, |  |  |  |
2022 |  | $ | 12,227 |  |  | $ | 1,195 |
2023 |  | 24,735 |  |  | 2,112 |
2024 |  | 22,779 |  |  | 1,732 |
2025 |  | 19,208 |  |  | 442 |
2026 |  | 18,848 |  |  | 109 |
Thereafter |  | 41,168 |  |  | — |
Total lease payments |  | 138,965 |  |  | 5,590 |
Less imputed interest |  | (12,994) |  |  | (203) |
Total lease liability |  | 125,971 |  |  | 5,387 |
Current maturities |  | (21,538) |  |  | (2,160) |
Lease liability - long-term |  | $ | 104,433 |  |  | $ | 3,227 |
Lease assets |  | $ | 118,283 |  |  | $ | 9,999 |
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 October 31, 2021:
(in thousands) |  | Operating leases |  | Financing leases
Year ending April 30, |  |  |  |
2022 |  | $ | 12,227 |  |  | $ | 1,195 |
2023 |  | 24,735 |  |  | 2,112 |
2024 |  | 22,779 |  |  | 1,732 |
2025 |  | 19,208 |  |  | 442 |
2026 |  | 18,848 |  |  | 109 |
Thereafter |  | 41,168 |  |  | — |
Total lease payments |  | 138,965 |  |  | 5,590 |
Less imputed interest |  | (12,994) |  |  | (203) |
Total lease liability |  | 125,971 |  |  | 5,387 |
Current maturities |  | (21,538) |  |  | (2,160) |
Lease liability - long-term |  | $ | 104,433 |  |  | $ | 3,227 |
Lease assets |  | $ | 118,283 |  |  | $ | 9,999 |

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- 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=123408670&loc=SL77918701-209980 + Details
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- 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=123408670&loc=SL77918686-209980 + Details
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- 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=123408670&loc=SL77918701-209980 + Details
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