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Goodwill and Other Intangible Assets
 12 Months Ended
Apr. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill & Other Intangible Assets
In connection with the Nu Aire Acquisition, on November 1, 2024, the Company recorded goodwill of $14.2 million on its Condensed Consolidated Balance Sheet. See Note 4, Nu Aire Acquisition for additional information. No impairment losses on goodwill were recorded during the six months ended April 30, 2025. The ending balance of goodwill at April 30, 2025 was approximately $12.5 million after the impact of the measurement adjustment discussed in Note 4, Nu Aire Acquisition. See Note 4, Nu Aire Acquisition, for further information.
Also in connection with the Nu Aire Acquisition, the Company recorded other intangible assets on November 1, 2024 of $18.6 million on its Condensed Consolidated Balance Sheet. See Note 4, Nu Aire Acquisition for additional information. The gross carrying amount and accumulated amortization of the Company's intangible assets other than goodwill as of April 30, 2025 were as follows:
April 30, 2025
($ in thousands)Estimated Useful LifeGross Carrying AmountAccumulated Amortization
Net Carrying Amount
Customer relationships10 years$9,800 $(490)$9,310 
Trade names and trademarksIndefinite4,900 — 4,900 
Developed technology7 years3,900 (279)3,621 
Total$18,600 $(769)$17,831 
The Company recorded amortization expense of $0.8 million for the fiscal year ended April 30, 2025. Expected future amortization expense related to intangible assets, net as of April 30, 2025, excluding trade names and trademarks, are as follows:
($ in thousands)
2026$1,537 
20271,537 
20281,537 
20291,537 
20301,537 
Thereafter5,246 
Total$12,931 
No impairment losses on intangible assets, net were recorded during the fiscal year ended April 30, 2025.