Leases (Tables)

9 Months Ended

Jan. 31, 2022

Lessee Disclosure [Abstract]

Summary of components of lease expense

The components of lease expense were as follows:

	Three Months Ended January 31,				Nine Months Ended January 31,
	2022		2021		2022		2021
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	5,557	$	5,898	$	16,713	$	17,997
Interest on lease liabilities	1,954		2,748		6,378		8,673
Operating lease cost	12,628		10,601		34,955		31,930
Variable lease cost	4,440		3,197		12,992		9,329
Total lease cost	$	24,579	$	22,444	$	71,038	$	67,929

Summary of components of supplemental cash flow information related to leases

Supplemental cash flow information related to leases was as follows:

	Nine Months Ended January 31,
	2022		2021
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	35,385	$	32,208
Operating cash flows from finance leases	6,378		8,673
Financing cash flows from finance leases	23,154		22,662
Right-of-use assets obtained in exchange for lease obligations
Operating leases(a)	53,549		27,918
Finance leases	24,887		22,408

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(a) Includes operating lease right-of-use assets obtained in acquisitions. See Note 2, “Business Combinations” for more information on business combinations.

Summary of other lease information

Other information related to leases was as follows:

	January 31, 2022			April 30, 2021
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	180,401		$	176,591
Accumulated depreciation	(54,954)			(51,869)
Property and equipment, net	$	125,447		$	124,722
Weighted-average remaining lease term (years)
Operating leases	4.5			4.7
Finance leases	3.2			3.5
Weighted-average discount rate
Operating leases	4.9		%	5.5		%
Finance leases	4.5		%	4.6		%

Schedule of maturities for finance leases

Future minimum lease payments under non-cancellable leases as of January 31, 2022 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2022 (remaining three months)	$	10,797	$	12,214
2023	40,327		45,206
2024	31,056		39,144
2025	20,118		28,353
2026	12,316		17,146
Thereafter	8,678		22,890
Total lease payments	123,292		164,953
Less imputed interest	10,325		17,538
Total	$	112,967	$	147,415

Schedule of maturities for operating leases

Future minimum lease payments under non-cancellable leases as of January 31, 2022 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2022 (remaining three months)	$	10,797	$	12,214
2023	40,327		45,206
2024	31,056		39,144
2025	20,118		28,353
2026	12,316		17,146
Thereafter	8,678		22,890
Total lease payments	123,292		164,953
Less imputed interest	10,325		17,538
Total	$	112,967	$	147,415