Leases (Tables)

3 Months Ended

Jul. 31, 2022

Leases [Abstract]

Schedule of Assets and Liabilities Related to Operating and Financing Leases

The amounts of assets and liabilities related to our operating and financing leases as of July 31, 2022 were as follows (in thousands):

	Balance Sheet Caption	July 31, 2022
Operating Leases
Right-of-use assets		$	7,297
Accumulated amortization			(4,010	)
Right-of-use assets, net	Other assets	$	3,287
Current liabilities	Accrued expenses and deferred revenue	$	1,613
Non-current liabilities	Other non-current liabilities		1,925
Total operating lease liabilities		$	3,538
Finance Leases
Right-of-use assets		$	40,986
Accumulated depreciation			(6,858	)
Right-of-use assets, net	Property, plant, and equipment, net	$	34,128
Current liabilities	Accrued expenses and deferred revenue	$	1,186
Non-current liabilities	Finance lease payable, net of current portion		37,323
Total finance lease liabilities		$	38,509

Summary of Future Expected Undiscounted Cash Flows

The following table represents future expected undiscounted cashflows, based on the sublease agreement with AOUT, to be received on an annual basis for the next five years and thereafter, as of July 31, 2022 (in thousands):

Fiscal	Amount
2023	$	1,541
2024		2,086
2025		2,123
2026		2,160
2027		2,198
Thereafter		28,658
Total future sublease receipts		38,766
Less amounts representing interest		(10,302	)
Present value of sublease receipts	$	28,464

Summary of Future Lease Payments for Operating and Finance Leases

Future lease payments for all our operating and finance leases for succeeding fiscal years is as follows (in thousands):

	Operating			Financing			Total
2023	$	1,332		$	2,310		$	3,642
2024		1,650			3,125			4,775
2025		324			3,180			3,504
2026		301			3,236			3,537
2027		272			3,292			3,564
Thereafter		125			42,256			42,381
Total future lease payments		4,004			57,399			61,403
Less amounts representing interest		(466	)		(18,890	)		(19,356	)
Present value of lease payments		3,538			38,509			42,047
Less current maturities of lease liabilities		(1,613	)		(1,186	)		(2,799	)
Long-term maturities of lease liabilities	$	1,925		$	37,323		$	39,248