Leases (Tables)

12 Months Ended

Apr. 30, 2024

Leases [Abstract]

Schedule of Components of Lease Costs and Supplemental Cash Flow, Balance Sheet, and Lease Terms Information

The components of total lease costs, including variable lease costs, for the fiscal years ended April 30, 2024, 2023 and 2022 were as follows (in thousands):

	Fiscal Year Ended April 30,
Lease Costs	2024		2023		2022
Operating lease costs	$	4,995	$	8,359	$	5,587
Short term lease costs	1,537		1,624		1,538
Variable lease costs	3,959		3,494		1,892
Sublease income	(105)		(26)		—
Total lease costs, net	$	10,387	$	13,451	$	9,017

Supplemental cash flow information and non-cash activity related to leases was as follows (in thousands):

	Fiscal Year Ended April 30,
	2024		2023		2022
Cash payments included in the measurement of operating lease liabilities – operating cash flows	$	6,136	$	5,250	$	4,667
Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives)	$	1,833	$	(5,589)	$	26,529
Right-of-use assets obtained in exchange for lease obligations arising from lease modifications	$	—	$	3,093	$	1,572

The following table presents the lease balances within the consolidated balance sheets, weighted-average remaining lease term, and weighted-average discount rates related to the Company’s operating leases (in thousands):

		As of April 30,
Operating leases		2024		2023
Right-of-use assets	Other assets, non-current	$	18,664	$	17,572
Lease liabilities, current	Other current liabilities	3,226		2,339
Lease liabilities, non-current	Other long-term liabilities	55,599		37,320
Total operating lease liabilities		$	58,825	$	39,659

	As of April 30,
Operating leases	2024		2023
Weighted average remaining lease term (in years)	8.9		9.9
Weighted average discount rate	8.0	%	8.1	%

Schedule of Maturities of Operating Lease Liabilities

Future minimum payments under lease obligations as of April 30, 2024 were as follows (in thousands):

	As of April 30, 2024
Fiscal 2025	8,174
Fiscal 2026	9,337
Fiscal 2027	9,626
Fiscal 2028	9,922
Fiscal 2029 and thereafter	53,218
Total future minimum lease payments	90,277
Less: Tenant improvement allowance	(3,427)
Less: Imputed interest	(28,025)
Total operating lease liabilities	$	58,825