Other Accrued Expenses and Current Liabilities

12 Months Ended

Apr. 30, 2022

Accounts Payable and Accrued Liabilities, Current [Abstract]

Other Accrued Expenses and Current Liabilities

Other Accrued Expenses and Current Liabilities

The Company’s other accrued expenses and current liabilities consisted of the following:

	April 30,
	2022		2021
	(in thousands)
Insurance related liabilities	$	14,775	$	14,301
Customer rebates payable	16,724		12,723
Sales taxes payable	16,702		11,529
Income taxes payable	7,125		5,928
Holdback liability(a)	14,179		—
Reserve for sales returns	9,772		6,028
Accrued interest(b)	8,953		881
Derivative liability(c)	1,136		11,817
Other	38,572		23,931
Total other accrued expenses and current liabilities	$	127,938	$	87,138

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(a)The holdback liability as of April 30, 2022 primarily consists of a holdback liability for general representation and warranties of the sellers for the Westside acquisition that is scheduled to be released 15 months from the acquisition date. See Note 2, “Business Combinations,” for more information.

(b)Accrued interest as of April 30, 2022 primarily consists of accrued interest on the Company's senior unsecured notes issued in April 2021, in which interest is paid semi-annually in arrears on May 1 and November 1. See Note 7, “Long-Term Debt,” for more information.

(c)Derivative liability represents the current portion of the fair value of the Company's interest rate swap agreements. The amount decreased due to an increase in interest rates and due to the agreements approaching the February 2023 termination date. See Note 14, “Fair Value Measurements,” for more information.