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Goodwill and Other Intangible Assets
 12 Months Ended
Apr. 30, 2026
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 Consolidated Balance Sheet. See Note 4, Nu Aire Acquisition for additional information. No impairment losses on goodwill were recorded during the twelve months ended April 30, 2026 or 2025. The ending balance of goodwill at April 30, 2026 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 $18.6 million on its Consolidated Balance Sheet. See Note 4, Nu Aire Acquisition for additional information. The gross carrying amount and accumulated amortization of the Company's intangible assets other than goodwill as of April 30, 2026 and April 30, 2025, respectively, were as follows:
April 30, 2026
($ in thousands)Estimated Useful LifeGross Carrying AmountAccumulated Amortization
Net Carrying Amount
Customer relationships10 years$9,800 $(1,470)$8,330 
Trade names and trademarksIndefinite4,900 — 4,900 
Developed technology7 years3,900 (836)3,064 
Total$18,600 $(2,306)$16,294 
April 30, 2025
($ 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 $1.5 million and $0.8 million for the fiscal year ended April 30, 2026 and 2025, respectively. Expected future amortization expense related to intangible assets, net as of April 30, 2026, excluding trade names and trademarks, are as follows:
($ in thousands)
2027$1,537 
20281,537 
20291,537 
20301,537 
20311,537 
Thereafter3,709 
Total$11,394 
No impairment losses on intangible assets, net were recorded during the fiscal year ended April 30, 2026 or 2025.