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Leases (Tables)

6 Months Ended

Oct. 31, 2023

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 October 31, 2023 were as follows (in thousands):


		Balance Sheet Caption		October 31, 2023
Operating Leases
Right-of-use assets				$	5,994
Accumulated amortization					(4,787	)
Right-of-use assets, net		Other assets		$	1,207

Current liabilities		Accrued expenses and deferred revenue		$	727
Non-current liabilities		Other non-current liabilities			678
Total operating lease liabilities				$	1,405
Finance Leases
Right-of-use assets				$	41,631
Accumulated depreciation					(10,580	)
Right-of-use assets, net		Property, plant, and equipment, net		$	31,051

Current liabilities		Accrued expenses and deferred revenue		$	1,498
Non-current liabilities		Finance lease payable, net of current portion			36,209
Total finance lease liabilities				$	37,707

Summary of Future Expected Undiscounted Cash Flows

The following table represents future expected undiscounted cashflows, based on the sublease agreement with AOUT, to be received on an annual basis for the next five years and thereafter, as of October 31, 2023 (in thousands):


Fiscal		Amount
2024		$	1,399
2025			3,180
2026			3,235
2027			3,292
2028			3,350
Thereafter			38,906
Total future sublease receipts			53,362
Less amounts representing interest			(16,408	)
Present value of sublease receipts		$	36,954

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
2024				$	650			$	1,675			$	2,325
2025					324				3,378				3,702
2026					301				3,433				3,734
2027					272				3,490				3,762
2028					125				3,424				3,549
Thereafter					—				38,906				38,906
Total future lease payments					1,672				54,306				55,978
Less amounts representing interest					(267	)			(16,599	)			(16,866	)
Present value of lease payments					1,405				37,707				39,112
Less current maturities of lease liabilities					(727	)			(1,498	)			(2,225	)
Long-term maturities of lease liabilities				$	678			$	36,209			$	36,887