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Goodwill and Intangible Assets
3 Months Ended
Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table presents changes in the carrying amount of goodwill:
GrossAccumulatedNet
Carrying AmountImpairment LossCarrying Amount
(in thousands)
Balance as of April 30, 2022$762,424 $(66,527)$695,897 
Goodwill recognized from acquisitions685 — 685 
Acquisition accounting adjustments from prior period1,487 — 1,487 
Translation adjustment798 (236)562 
Balance as of July 31, 2022$765,394 $(66,763)$698,631 
During the three months ended July 31, 2022, the Company recorded measurement period adjustments related to its Westside acquisition.
Intangible Assets
The following tables present the components of the Company’s intangible assets:
Estimated
Useful
Lives
(years)
Weighted
Average
Amortization
Period
July 31, 2022
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
(dollars in thousands)
Customer relationships
5-16
12.5$670,257 $(397,664)$272,593 
Definite-lived tradenames
5-20
15.697,608 (21,143)76,465 
Vendor agreements
8-10
10.01,000 (500)500 
Developed technology
5-10
6.88,503 (4,835)3,668 
Other
3-5
3.51,821 (1,311)510 
Definite-lived intangible assets$779,189 $(425,453)$353,736 
Indefinite-lived intangible assets84,367 
Total intangible assets, net$438,103 
Estimated
Useful
Lives
(years)
Weighted
Average
Amortization
Period
April 30, 2022
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
(dollars in thousands)
Customer relationships
5-16
12.5$669,018 $(381,650)$287,368 
Definite-lived tradenames
5-20
15.697,453 (19,496)77,957 
Vendor agreements
8-10
10.01,000 (475)525 
Developed technology
5-10
6.88,471 (4,462)4,009 
Other
3-5
3.61,761 (1,240)521 
Definite-lived intangible assets$777,703 $(407,323)$370,380 
Indefinite-lived intangible assets84,367 
Total intangible assets, net$454,747 
Amortization expense related to definite-lived intangible assets was $17.4 million and $14.8 million for the three months ended July 31, 2022 and 2021, respectively.
The following table summarizes the estimated future amortization expense for definite-lived intangible assets. Actual amortization expense to be reported in future periods could differ materially from these estimates as a result of acquisitions, changes in useful lives, foreign currency exchange rate fluctuations and other relevant factors.
Year Ending April 30,(in thousands)
2023 (remaining nine months)$48,860 
202455,328 
202546,344 
202639,136 
202734,080 
Thereafter129,988 
Total$353,736 
The Company’s indefinite-lived intangible assets as of July 31, 2022 and April 30, 2022 consisted of indefinite-lived tradenames.