Leases (Tables)

3 Months Ended

Jul. 31, 2021

Lessee Disclosure [Abstract]

Summary of components of lease expense

The components of lease expense were as follows:

	Three Months Ended July 31,
	2021		2020
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	5,592	$	6,139
Interest on lease liabilities	2,301		3,062
Operating lease cost	11,012		10,620
Variable lease cost	3,861		2,999
Total lease cost	$	22,766	$	22,820

Summary of components of supplemental cash flow information related to leases

Supplemental cash flow information related to leases was as follows:

	Three Months Ended July 31,
	2021		2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	11,189	$	10,648
Operating cash flows from finance leases	2,301		3,062
Financing cash flows from finance leases	7,397		7,521
Right-of-use assets obtained in exchange for lease obligations
Operating leases	24,210		6,843
Finance leases	4,076		3,935

Summary of other lease information

Other information related to leases was as follows:

	July 31, 2021			April 30, 2021
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	175,852		$	176,591
Accumulated depreciation	(53,609)			(51,869)
Property and equipment, net	$	122,243		$	124,722
Weighted-average remaining lease term (years)
Operating leases	4.7			4.7
Finance leases	3.5			3.5
Weighted-average discount rate
Operating leases	5.2		%	5.5		%
Finance leases	4.6		%	4.6		%

Schedule of maturities for finance leases

Future minimum lease payments under non-cancellable leases as of July 31, 2021 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2022 (remaining nine months)	$	33,640	$	32,773
2023	36,159		38,059
2024	26,971		32,185
2025	16,060		22,412
2026	8,415		12,584
Thereafter	3,792		19,161
Total lease payments	125,037		157,174
Less imputed interest	12,131		18,541
Total	$	112,906	$	138,633

Schedule of maturities for operating leases

Future minimum lease payments under non-cancellable leases as of July 31, 2021 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2022 (remaining nine months)	$	33,640	$	32,773
2023	36,159		38,059
2024	26,971		32,185
2025	16,060		22,412
2026	8,415		12,584
Thereafter	3,792		19,161
Total lease payments	125,037		157,174
Less imputed interest	12,131		18,541
Total	$	112,906	$	138,633