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Finance Receivables, Net (Tables)
 12 Months Ended
Apr. 30, 2025
Receivables [Abstract]  
Summary of Components of Finance Receivables The components of finance receivables as of April 30, 2025 and 2024 are as follows:
(In thousands)April 30, 2025April 30, 2024
 
Gross contract amount$1,946,042 $1,844,392 
Less: unearned finance charges(436,887)(409,004)
Principal balance1,509,155 1,435,388 
Less: estimated insurance receivables for APP claims(2,910)(3,026)
Less: allowance for APP claims(3,135)(3,171)
Less: allowance for credit losses(323,100)(331,260)
Finance receivables, net1,180,010 1,097,931 
Loan origination costs663 660 
Finance receivables, net, including loan origination costs$1,180,673 $1,098,591 
Summary of Changes in Finance Receivables
Changes in the finance receivables, net, for the years ended April 30, 2025, 2024 and 2023 are as follows:
Years Ended April 30,
(In thousands)202520242023
    
Balance at beginning of period$1,097,931 $1,062,760 $855,424 
Finance receivable originations1,075,080 1,079,946 1,161,132 
Finance receivable collections(469,379)(455,828)(434,458)
Provision for credit losses(374,559)(423,406)(352,860)
Losses on claims for accident protection plan(34,525)(34,504)(25,107)
Inventory acquired in repossession and accident protection plan claims(114,538)(131,037)(141,371)
    
Balance at end of period$1,180,010 $1,097,931 $1,062,760 
Summary of Finance Receivables, Allowance for Credit Losses
Changes in the finance receivables allowance for credit losses for the years ended April 30, 2025, 2024 and 2023 are as follows:
 Years Ended April 30,
(In thousands)202520242023
    
Balance at beginning of period$331,260 $299,608 $237,823 
Provision for credit losses374,559 423,406 352,860 
Charge-offs(499,887)(525,634)(414,397)
Recovered collateral117,168 133,880 123,322 
    
Balance at end of period$323,100 $331,260 $299,608 
Summary of Finance Receivables, Current and Past Due
The following table presents the finance receivables that are current and past due as follows:
(Dollars in thousands)April 30, 2025April 30, 2024
     
 Principal
Balance		Percent of
Portfolio		Principal
Balance		Percent of
Portfolio
Current
$1,208,330 80.06%$1,125,945 78.44%
3 - 29 days past due249,263 16.52%264,491 18.43%
30 - 60 days past due34,407 2.28%34,042 2.37%
61 - 90 days past due11,461 0.76%6,438 0.45%
> 90 days past due5,694 0.38%4,472 0.31%
Total$1,509,155 100.00%$1,435,388 100.00%
Summary of Finance Receivables, Credit Quality Indicators
Twelve Months Ended
April 30,
20252024
  
Average total collected per active customer per month$575 $554 
Principal collected as a percent of average finance receivables31.8%31.7%
Average down-payment percentage5.5%5.4%
Average originating contract term (in months)
44.444.0
 April 30, 2025April 30, 2024
Portfolio weighted average contract term, including modifications (in months)
48.347.9
Summary of Finance Receivables, Year of Origination and Customer Score
The following table presents a summary of finance receivables by credit quality indicator, as of April 30, 2025, segregated by customer score and year of origination.
Customer Score by Fiscal Year of Origination
     Prior to
(Dollars in thousands)202520242023202220212021Total%
         
1-2$46,422 $13,367 $4,584 $743 $45 $45 $65,206 4.3%
3-4284,265 131,084 44,141 9,241 826 219 469,776 31.1%
5-7509,740 277,865 138,342 42,843 4,856 527 974,173 64.6%
Total$840,427 $422,316 $187,067 $52,827 $5,727 $791 $1,509,155 100.0%
Gross charge-offs$120,995 $237,829 $109,105 $28,518 $2,842 $598 $499,887 
The following table presents a summary of finance receivables by credit quality indicator, as of April 30, 2024, segregated by customer score and year of origination.
 Customer Score by Fiscal Year of Origination  
Prior to  
(Dollars in thousands)202420232022202120202020Total%
         
1-2$43,445 $13,757 $3,668 $375 $95 $6 $61,346 4.3%
3-4300,323 117,904 36,349 4,552 325 158 459,611 32.0%
5-6485,535 291,198 116,611 19,452 1,216 419 914,431 63.7%
Total$829,303 $422,859 $156,628 $24,379 $1,636 $583 $1,435,388 100.0%
Gross charge-offs$155,385 $265,609 $88,160 $14,835 $1,081 $564 $525,634 
Summary of Contract Modifications
The following table presents contract modifications by type of modification at April 30, 2025, 2024 and 2023:

(Dollars in thousands)
Contract Modifications by Type
April 30, 2025
April 30, 2024 (Restated)
April 30, 2023
Type of ModificationPrincipal Balance
% of Portfolio
Principal Balance
% of Portfolio
Principal Balance
% of Portfolio
Term extension
$425,791 28.2%$462,992 32.2%$445,288 32.4%
Combination (1)
10,350 0.7%10,929 0.8%8,764 0.6%
Total$436,141 28.9%$473,921 33.0%$454,052 33.0%

(1)These modifications result from customer bankruptcy filings and have been made in accordance with bankruptcy court requirements. They generally consist of a reduction in the contractual interest rate and/or an extension of the contract term as part of the customer’s court-approved payment restructuring plan.
The following table describes the financial effect of the modifications for each fiscal year:

Type of Modification
Fiscal Year 2025
Fiscal Year 2024 (Restated)
Fiscal Year 2023
Term extension
Added a weighted average of 2.2 months to the life of contracts, which reduced payment amounts due from borrowers.
Added a weighted average of 2.3 months to the life of contracts, which reduced payment amounts due from borrowers.
Added a weighted average of 2.6 months to the life of contracts, which reduced payment amounts due from borrowers.
Combination
Added a weighted average of 10.5 months to the life of contracts, which reduced payment amounts due from borrowers and/or reduced interest rates to rates ranging from 4.25% to 10.5%.
Added a weighted average of 11.6 months to the life of contracts, which reduced payment amounts due from borrowers and/or reduced interest rates to rates ranging from 4.25% to 18%.
Added a weighted average of 13.9 months to the life of contracts, which reduced payment amounts due from borrowers and/or reduced interest rates to rates ranging from 5% to 16.9%.

The Company closely monitors the performance of the contracts that are modified to understand the effectiveness of its modification efforts. The following table depicts the status of contracts that have term modifications in the last 12 months of the applicable fiscal year:

Payment Status (Principal Balance)
(In thousands)
Total
Current
3-29 Days Past Due
30-60 Days Past Due
61-90 Days Past Due
90+ Days Past Due
For Fiscal Year 2025$425,791 $304,859 $100,554 $14,149 $3,900 $2,329 
For Fiscal Year 2024 (Restated)
462,992 326,937 117,390 13,890 2,724 2,051 
For Fiscal Year 2023445,288 352,013 72,146 15,397 3,583 2,149 

The following table depicts the status of contracts that have term modifications due to the combination of modifications due to bankruptcies for the periods presented:
Payment Status (Principal Balance)
(In thousands)
Total
Payment Received in Last 30 DaysPayment Received in Last 31-60 DaysPayment Received in Last 61-90 DaysPayment Received in Last 90+ Days
For Fiscal Year 2025
$10,350 $5,864 $1,596 $843 $2,047 
For Fiscal Year 2024 (Restated)
10,929 5,528 1,808 1,366 2,227 
For Fiscal Year 2023
8,764 4,957 1,213 828 1,766