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Leases (Tables)

3 Months Ended

Jul. 31, 2021

Leases [Abstract]

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 July 31, 2021 were as follows (in thousands):


		Balance Sheet Caption		July 31, 2021
Operating Leases
Right-of-use assets				$	7,154
Accumulated amortization					(2,631	)
Right-of-use assets, net		Other assets		$	4,523

Current liabilities		Accrued expenses and deferred revenue		$	1,349
Non-current liabilities		Other non-current liabilities			3,344
Total operating lease liabilities				$	4,693
Finance Leases
Right-of-use assets				$	40,986
Accumulated depreciation					(4,757	)
Right-of-use assets, net		Property, plant, and equipment, net		$	36,229

Current liabilities		Accrued expenses and deferred revenue		$	1,101
Non-current liabilities		Finance lease payable, net of current portion			38,509
Total finance lease liabilities				$	39,610

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 July 31, 2021 (in thousands):


Fiscal		Amount
2022		$	1,401
2023			1,897
2024			1,930
2025			1,964
2026			1,998
Thereafter			26,514
Total future sublease receipts			35,704
Less amounts representing interest			(13,024	)
Present value of sublease receipts		$	22,680

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				$	1,179			$	2,295			$	3,474
2023					1,584				3,071				4,655
2024					1,576				3,125				4,701
2025					334				3,180				3,514
2026					311				3,235				3,546
Thereafter					404				45,548				45,952
Total future lease payments					5,388				60,454				65,842
Less amounts representing interest					(695	)			(20,844	)			(21,539	)
Present value of lease payments					4,693				39,610				44,303
Less current maturities of lease liabilities					(1,349	)			(1,101	)			(2,450	)
Long-term maturities of lease liabilities				$	3,344			$	38,509			$	41,853