Leases

3 Months Ended

Jul. 31, 2022

Lessee Disclosure [Abstract]

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended July 31,
	2022		2021
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	5,818	$	5,592
Interest on lease liabilities	1,822		2,301
Operating lease cost	12,971		11,012
Variable lease cost	5,903		3,861
Total lease cost	$	26,514	$	22,766

Supplemental cash flow information related to leases was as follows:

	Three Months Ended July 31,
	2022		2021
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	12,880	$	11,189
Operating cash flows from finance leases	1,822		2,301
Financing cash flows from finance leases	7,639		7,397
Right-of-use assets obtained in exchange for lease obligations
Operating leases	15,477		24,210
Finance leases	14,305		4,076

Other information related to leases was as follows:

	July 31, 2022			April 30, 2022
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	202,254		$	193,380
Accumulated depreciation	(58,974)			(57,363)
Property and equipment, net	$	143,280		$	136,017
Weighted-average remaining lease term (years)
Operating leases	4.7			4.6
Finance leases	3.6			3.7
Weighted-average discount rate
Operating leases	4.6		%	4.7		%
Finance leases	4.2		%	4.2		%

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2023 (remaining nine months)	$	33,892	$	34,301
2024	37,675		44,950
2025	26,668		34,286
2026	18,894		22,526
2027	12,137		13,268
Thereafter	7,202		26,151
Total lease payments	136,468		175,482
Less imputed interest	11,957		18,763
Total	$	124,511	$	156,719

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended July 31,
	2022		2021
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	5,818	$	5,592
Interest on lease liabilities	1,822		2,301
Operating lease cost	12,971		11,012
Variable lease cost	5,903		3,861
Total lease cost	$	26,514	$	22,766

Supplemental cash flow information related to leases was as follows:

	Three Months Ended July 31,
	2022		2021
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	12,880	$	11,189
Operating cash flows from finance leases	1,822		2,301
Financing cash flows from finance leases	7,639		7,397
Right-of-use assets obtained in exchange for lease obligations
Operating leases	15,477		24,210
Finance leases	14,305		4,076

Other information related to leases was as follows:

	July 31, 2022			April 30, 2022
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	202,254		$	193,380
Accumulated depreciation	(58,974)			(57,363)
Property and equipment, net	$	143,280		$	136,017
Weighted-average remaining lease term (years)
Operating leases	4.7			4.6
Finance leases	3.6			3.7
Weighted-average discount rate
Operating leases	4.6		%	4.7		%
Finance leases	4.2		%	4.2		%

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2023 (remaining nine months)	$	33,892	$	34,301
2024	37,675		44,950
2025	26,668		34,286
2026	18,894		22,526
2027	12,137		13,268
Thereafter	7,202		26,151
Total lease payments	136,468		175,482
Less imputed interest	11,957		18,763
Total	$	124,511	$	156,719