XML 61 R43.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

Leases (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2024
Leases [Abstract] |
Schedule of Lease Costs | The components of lease costs were as follows:
|  | FISCAL YEARS ENDED APRIL 30,
(in thousands) |  | 2024 |  | 2023 |  | 2022
Finance lease cost: |  |  |  |  |  |
Reduction in the carrying value of right-of-use assets |  | $ | 2,078 |  |  | $ | 1,720 |  |  | $ | 1,404 |
Interest on lease liabilities |  | $ | 202 |  |  | $ | 105 |  |  | $ | 106 |
Operating lease cost |  | $ | 31,365 |  |  | $ | 26,592 |  |  | $ | 27,610 |
Additional information related to leases was as follows:
|  | FISCAL YEARS ENDED APRIL 30,
(dollars in thousands) |  | 2024 |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |
Operating cash flows for finance leases |  | $ | 202 |  |  | $ | 105 |  |  | $ | 106 |
Operating cash flows for operating leases |  | $ | 30,388 |  |  | $ | 26,906 |  |  | $ | 25,100 |
Financing cash flows for financing leases |  | $ | 2,059 |  |  | $ | 1,714 |  |  | $ | 1,379 |
Right-of-use assets obtained in exchange for new finance lease liabilities |  | $ | 4,738 |  |  | $ | 1,138 |  |  | $ | 1,862 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | 26,912 |  |  | $ | 11,109 |  |  | $ | 7,482 |
Weighted average remaining lease term (years) |  |  |  |  |  |
Weighted average remaining lease term - finance leases |  | 2.71 |  | 1.99 |  | 2.32
Weighted average remaining lease term - operating leases |  | 5.91 |  | 4.84 |  | 5.77
Weighted average discount rate |  |  |  |  |  |
Weighted average discount rate - finance leases |  | 6.04 | % |  | 3.69 | % |  | 2.91 | %
Weighted average discount rate - operating leases |  | 4.18 | % |  | 3.35 | % |  | 3.20 | %
Finance Lease, Liability, Maturity | 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 consolidated balance sheet as of April 30, 2024:
FISCAL YEAR |  | OPERATING (in thousands) |  | FINANCING (in thousands)
2025 |  | $ | 32,384 |  |  | $ | 2,563 |
2026 |  | 29,516 |  |  | 1,915 |
2027 |  | 23,583 |  |  | 1,215 |
2028 |  | 20,658 |  |  | 364 |
2029 |  | 15,750 |  |  | 132 |
Thereafter |  | 31,056 |  |  | — |
Total lease payments |  | 152,947 |  |  | 6,189 |
Less imputed interest |  | (18,965) |  |  | (505) |
Total lease liability |  | $ | 133,982 |  |  | $ | 5,684 |
Current maturities |  | (27,409) |  |  | (2,292) |
Long-term lease liability |  | $ | 106,573 |  |  | $ | 3,392 |
Lease right-of-use assets |  | $ | 126,383 |  |  | $ | 11,676 |
Lessee, Operating Lease, Liability, Maturity | 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 consolidated balance sheet as of April 30, 2024:
FISCAL YEAR |  | OPERATING (in thousands) |  | FINANCING (in thousands)
2025 |  | $ | 32,384 |  |  | $ | 2,563 |
2026 |  | 29,516 |  |  | 1,915 |
2027 |  | 23,583 |  |  | 1,215 |
2028 |  | 20,658 |  |  | 364 |
2029 |  | 15,750 |  |  | 132 |
Thereafter |  | 31,056 |  |  | — |
Total lease payments |  | 152,947 |  |  | 6,189 |
Less imputed interest |  | (18,965) |  |  | (505) |
Total lease liability |  | $ | 133,982 |  |  | $ | 5,684 |
Current maturities |  | (27,409) |  |  | (2,292) |
Long-term lease liability |  | $ | 106,573 |  |  | $ | 3,392 |
Lease right-of-use assets |  | $ | 126,383 |  |  | $ | 11,676 |

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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration