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Leases (Tables)

12 Months Ended

Apr. 30, 2026

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 April 30, 2026 and 2025 were as follows (in thousands):


	Balance Sheet Caption		April 30, 2026				April 30, 2025
Operating Leases
Right-of-use assets			$	—			$	1,623
Accumulated amortization				—				(1,211	)
Right-of-use assets, net	Other assets		$	—			$	412

Current liabilities	Accrued expenses and deferred revenue		$	—			$	233
Non-current liabilities	Other non-current liabilities			—				318
Total operating lease liabilities			$	—			$	551
Finance Leases
Right-of-use assets			$	41,437			$	41,631
Accumulated depreciation				(14,726	)			(12,973	)
Right-of-use assets, net	Property, plant, and equipment, net		$	26,711			$	28,658

Current liabilities	Accrued expenses and deferred revenue		$	1,858			$	1,701
Non-current liabilities	Finance lease payable, net of current portion			32,163				33,703
Total finance lease liabilities			$	34,021			$	35,404

Summary of Future Expected Undiscounted Cash Flows

The following table represents future expected undiscounted cash flows, based on the Assignment and Assumption Agreement with AOUT, to be received by the landlord directly from AOUT on an annual basis for the next five years and thereafter, as of April 30, 2026 (in thousands):


Fiscal		Amount
2027		$	3,292
2028			3,350
2029			3,408
2030			3,468
2031			3,529
Thereafter			28,501
Total future receipts			45,548
Less amounts representing interest			(12,107	)
Present value of receipts		$	33,441

Summary of Future Lease Payments for Operating and Finance Leases

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


			Financing
2027			$	3,519
2028				3,596
2029				3,560
2030				3,468
2031				3,529
Thereafter				28,501
Total future lease payments				46,173
Less amounts representing interest				(12,152	)
Present value of lease payments				34,021
Less current maturities of lease liabilities				(1,858	)
Long-term maturities of lease liabilities			$	32,163