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Income Taxes (Tables)

12 Months Ended

Apr. 30, 2025

Income Tax Disclosure [Abstract]

Summary of Provision for Income Taxes

The components of the provision for income taxes are as follows:

			Years Ended April 30,
(In thousands)			2025						2024						2023
Provision for income taxes
Current			$	15,531					$	12,765					$	(3,504)
Deferred			(10,662)						(21,507)						8,866
Total			$	4,869					$	(8,742)					$	5,362

Summary of Statutory Federal Income Tax Rate

A reconciliation of the Company’s statutory income tax rate to the Company’s effective tax rate is as follows:

			Years Ended April 30,
(In thousands)			2025						2024						2023
Tax provision at statutory rate			$	4,814					$	(8,428)					$	5,417
State taxes, net of federal benefit			408						(1,204)						774
Permanent differences			(410)						(227)						(558)
Provision to return			(1,183)						-						-
Related Finance Company provision/(benefit)			1,083						-						-
Other, net			157						1,117						(271)
Total			$	4,869					$	(8,742)					$	5,362

Summary of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred income tax assets and liabilities were as follows:

			Years Ended April 30,
(In thousands)			2025						2024
Deferred tax assets:
Accrued liabilities			$	2,188					$	2,218
Inventory			183						152
Share based compensation			5,859						4,803
Net operating loss			38,033						20,700
Deferred revenue			9,536						4,030
Other			91						-
Total Deferred tax assets			55,890						31,903
Finance receivables			(59,714)						(46,056)
Property and equipment			(2,760)						(3,222)
Goodwill			(562)						(426)
Interest expense limitations			-						(7)
Total deferred tax liabilities			(63,036)						(49,711)
Valuation Allowance			-						-
Net deferred tax asset (liability)			$	(7,146)					$	(17,808)

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

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-Section 50
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