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Fair Value of Financial Instruments (Tables)

9 Months Ended

Jan. 31, 2025

Fair Value Disclosures [Abstract]

Summary of Fair Value Hierarchy for Financial Assets and Liabilities Measured Recurring Basis

The following tables summarize the Company's fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of January 31, 2025 and April 30, 2024 (in thousands):

						January 31, 2025
Financial Assets						Level 1						Level 2						Total
Trading securities held in non-qualified compensation plans (1)						$	1,849					$	—					$	1,849
Cash surrender value of life insurance policies (1)						—						1,484						1,484
Total						$	1,849					$	1,484					$	3,333
Financial Liabilities
Non-qualified compensation plans (2)						$	—					$	3,818					$	3,818
Total						$	—					$	3,818					$	3,818

						April 30, 2024
Financial Assets						Level 1						Level 2						Total
Trading securities held in non-qualified compensation plans (1)						$	1,565					$	—					$	1,565
Cash surrender value of life insurance policies (1)						—						1,077						1,077
Total						$	1,565					$	1,077					$	2,642
Financial Liabilities
Non-qualified compensation plans (2)						$	—					$	3,009					$	3,009
Total						$	—					$	3,009					$	3,009

(1)The Company maintains two non-qualified compensation plans which include investment assets in a rabbi trust. These assets consist of marketable securities, which are valued using quoted market prices multiplied by the number of shares owned, and life insurance policies, which are valued at their cash surrender value.

(2)Plan liabilities are equal to the individual participants' account balances and other earned retirement benefits.

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- References

No definition available.

+ Details

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