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Long-Term Debt (Tables)
12 Months Ended
Apr. 30, 2019
Long-Term Debt  
Schedule of long-term debt

 

 

 

 

 

 

 

 

 

April 30, 

 

    

2019

    

2018

 

 

(in thousands)

First Lien Facility (1) (2)

 

$

972,650

 

$

563,179

ABL Facility

 

 

43,972

 

 

 —

Capital lease obligations

 

 

109,286

 

 

18,564

Installment notes at fixed rates up to 5.0%, due in monthly and annual installments through 2024 (3)

 

 

15,287

 

 

14,143

Carrying value of debt

 

 

1,141,195

 

 

595,886

Less current portion

 

 

42,118

 

 

16,284

Long-term debt

 

$

1,099,077

 

$

579,602


(1)

Net of unamortized discount of $2,149 and $2,536 as of April 30, 2019 and 2018, respectively.

(2)

Net of deferred financing costs of $12,072 and $6,125 as of April 30, 2019 and 2018, respectively.

(3)

Net of unamortized discount of $1,200 and $1,534 as of April 30, 2019 and 2018, respectively.

 

Scheduled principal payments of long-term debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Lien

 

 

ABL

 

Capital

 

Installment

 

 

 

 

    

Facility(1)

    

 

Facility

    

Leases

    

Notes(2)

    

Total

Years ending April 30, 

 

(in thousands)

2020

 

$

9,968

 

$

 —

 

$

27,906

 

$

4,363

 

$

42,237

2021

 

 

9,968

 

 

 —

 

 

26,764

 

 

4,053

 

 

40,785

2022

 

 

9,968

 

 

43,972

 

 

23,344

 

 

3,617

 

 

80,901

2023

 

 

9,968

 

 

 —

 

 

17,708

 

 

3,584

 

 

31,260

2024

 

 

9,968

 

 

 —

 

 

10,934

 

 

870

 

 

21,772

Thereafter

 

 

937,031

 

 

 —

 

 

2,630

 

 

 —

 

 

939,661

 

 

$

986,871

 

$

43,972

 

$

109,286

 

$

16,487

 

$

1,156,616

 

(1)Gross of unamortized discount of $2,149 and deferred financing costs of $12,072 as of April 30, 2019.

(2)Gross of unamortized discount of $1,200 as of April 30, 2019