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GOODWILL AND INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Jul. 31, 2025
GOODWILL AND INTANGIBLE ASSETS |
Schedule of intangible assets excluding goodwill | The following is a summary of intangible assets excluding goodwill recorded as intangible assets on our Condensed Consolidated Balance Sheets as of July 31, 2025 and April 30, 2025 (in thousands):
| July 31, 2025 |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted-Average Remaining Life (years) |
Trade name | $ | 45,000 |  | N/A |  | $ | 45,000 |  | Indefinite |
Customer relationships |  | 50,000 |  |  | (4,381 | ) |  | 45,619 |  |  | 11.9 |
Total | $ | 95,000 |  | $ | (4,381 | ) | $ | 90,619 |  |  |
| April 30, 2025 |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted-Average Remaining Life (years) |
Trade name | $ | 45,000 |  | N/A |  | $ | 45,000 |  | Indefinite |
Customer relationships |  | 50,000 |  |  | (3,419 | ) |  | 46,581 |  |  | 12.2 |
Total | $ | 95,000 |  | $ | (3,419 | ) | $ | 91,581 |  |  |
Schedule of Estimated amortization expense of the intangible assets to be recognized | Estimated amortization expense of the intangible assets to be recognized by the Company are as follows (in thousands):
Year ended April 30, |  | Amount |
Remainder of 2026 |  | $ | 2,885 |
2027 |  |  | 3,846 |
2028 |  |  | 3,846 |
2029 |  |  | 3,846 |
2030 |  |  | 3,846 |
Thereafter |  |  | 27,350 |
Total |  | $ | 45,619 |

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