Leases (Tables)

12 Months Ended

Apr. 30, 2021

Schedule of Assets and Liabilities Related to Operating and Financing Leases

The amounts of assets and liabilities related to our operating and financing leases as of April 30, 2021 were as follows (in thousands):

	Balance Sheet Caption	April 30, 2021
Operating Leases
Right-of-use assets		$	7,126
Accumulated amortization			(2,363	)
Right-of-use assets, net	Other assets	$	4,763

Current liabilities	Accrued expenses and deferred revenue	$	1,309
Non-current liabilities	Other non-current liabilities		3,630
Total operating lease liabilities		$	4,939
Finance Leases
Right-of-use assets		$	40,986
Accumulated depreciation			(4,231	)
Right-of-use assets, net	Property, plant, and equipment, net	$	36,755

Current liabilities	Accrued expenses and deferred revenue	$	1,087
Non-current liabilities	Finance lease payable, net of current portion		38,786
Total finance lease liabilities		$	39,873

Summary of Future Expected Undiscounted Cash Flows

The following table represents future expected undiscounted cashflows, based on the sublease agreement to AOUT, to be received on an annual basis for the next five years and thereafter, as of April 30, 2021 (in thousands):

Fiscal	Amount
2022	$	1,864
2023		1,897
2024		1,930
2025		1,964
2026		1,998
Thereafter		28,546
Total future sublease receipts		38,199
Less amounts representing interest		(13,335	)
Present value of sublease receipts	$	24,864

Summary of Future Lease Payments for Operating and Finance Leases

Future lease payments for all our operating and finance leases for succeeding fiscal years is as follows (in thousands):

	Operating			Financing			Total
2022	$	1,549		$	3,056		$	4,605
2023		1,557			3,071			4,628
2024		1,549			3,125			4,674
2025		330			3,180			3,510
2026		311			3,235			3,546
Thereafter		404			45,548			45,952
Total future lease payments		5,700			61,215			66,915
Less amounts representing interest		(761	)		(21,342	)		(22,103	)
Present value of lease payments		4,939			39,873			44,812
Less current maturities of lease liabilities		(1,309	)		(1,087	)		(2,396	)
Long-term maturities of lease liabilities	$	3,630		$	38,786		$	42,416