Leases

6 Months Ended

Oct. 31, 2021

Lessee Disclosure [Abstract]

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended October 31,				Six Months Ended October 31,
	2021		2020		2021		2020
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	5,564	$	5,960	$	11,156	$	12,099
Interest on lease liabilities	2,123		2,863		4,424		5,925
Operating lease cost	11,314		10,630		22,327		21,329
Variable lease cost	4,629		3,157		8,552		6,132
Total lease cost	$	23,630	$	22,610	$	46,459	$	45,485

Supplemental cash flow information related to leases was as follows:

	Six Months Ended October 31,
	2021		2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	22,727	$	21,479
Operating cash flows from finance leases	4,424		5,925
Financing cash flows from finance leases	15,154		14,629
Right-of-use assets obtained in exchange for lease obligations
Operating leases	29,145		17,216
Finance leases	13,034		12,342

Other information related to leases was as follows:

	October 31, 2021			April 30, 2021
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	179,682		$	176,591
Accumulated depreciation	(56,127)			(51,869)
Property and equipment, net	$	123,555		$	124,722
Weighted-average remaining lease term (years)
Operating leases	4.6			4.7
Finance leases	3.2			3.5
Weighted-average discount rate
Operating leases	5.1		%	5.5		%
Finance leases	4.5		%	4.6		%

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2022 (remaining six months)	$	23,303	$	21,974
2023	37,836		39,457
2024	28,700		33,557
2025	17,840		23,528
2026	10,126		13,513
Thereafter	5,420		18,738
Total lease payments	123,225		150,767
Less imputed interest	10,951		17,252
Total	$	112,274	$	133,515

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended October 31,				Six Months Ended October 31,
	2021		2020		2021		2020
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	5,564	$	5,960	$	11,156	$	12,099
Interest on lease liabilities	2,123		2,863		4,424		5,925
Operating lease cost	11,314		10,630		22,327		21,329
Variable lease cost	4,629		3,157		8,552		6,132
Total lease cost	$	23,630	$	22,610	$	46,459	$	45,485

Supplemental cash flow information related to leases was as follows:

	Six Months Ended October 31,
	2021		2020
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	22,727	$	21,479
Operating cash flows from finance leases	4,424		5,925
Financing cash flows from finance leases	15,154		14,629
Right-of-use assets obtained in exchange for lease obligations
Operating leases	29,145		17,216
Finance leases	13,034		12,342

Other information related to leases was as follows:

	October 31, 2021			April 30, 2021
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	179,682		$	176,591
Accumulated depreciation	(56,127)			(51,869)
Property and equipment, net	$	123,555		$	124,722
Weighted-average remaining lease term (years)
Operating leases	4.6			4.7
Finance leases	3.2			3.5
Weighted-average discount rate
Operating leases	5.1		%	5.5		%
Finance leases	4.5		%	4.6		%

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2022 (remaining six months)	$	23,303	$	21,974
2023	37,836		39,457
2024	28,700		33,557
2025	17,840		23,528
2026	10,126		13,513
Thereafter	5,420		18,738
Total lease payments	123,225		150,767
Less imputed interest	10,951		17,252
Total	$	112,274	$	133,515