Goodwill and Intangible Assets (Tables)

3 Months Ended

Jul. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill

The following table presents changes in the carrying amount of goodwill:

	Gross		Accumulated		Net
	Carrying Amount		Impairment Loss		Carrying Amount
	(in thousands)
Balance as of April 30, 2022	$	762,424	$	(66,527)	$	695,897
Goodwill recognized from acquisitions	685		—		685
Acquisition accounting adjustments from prior period	1,487		—		1,487
Translation adjustment	798		(236)		562
Balance as of July 31, 2022	$	765,394	$	(66,763)	$	698,631

Schedule of components of definite-lived 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	15.6	97,608		(21,143)		76,465
Vendor agreements	8-10	10.0	1,000		(500)		500
Developed technology	5-10	6.8	8,503		(4,835)		3,668
Other	3-5	3.5	1,821		(1,311)		510
Definite-lived intangible assets			$	779,189	$	(425,453)	$	353,736
Indefinite-lived intangible assets							84,367
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	15.6	97,453		(19,496)		77,957
Vendor agreements	8-10	10.0	1,000		(475)		525
Developed technology	5-10	6.8	8,471		(4,462)		4,009
Other	3-5	3.6	1,761		(1,240)		521
Definite-lived intangible assets			$	777,703	$	(407,323)	$	370,380
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	454,747

Schedule of components of indefinite-lived 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	15.6	97,608		(21,143)		76,465
Vendor agreements	8-10	10.0	1,000		(500)		500
Developed technology	5-10	6.8	8,503		(4,835)		3,668
Other	3-5	3.5	1,821		(1,311)		510
Definite-lived intangible assets			$	779,189	$	(425,453)	$	353,736
Indefinite-lived intangible assets							84,367
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	15.6	97,453		(19,496)		77,957
Vendor agreements	8-10	10.0	1,000		(475)		525
Developed technology	5-10	6.8	8,471		(4,462)		4,009
Other	3-5	3.6	1,761		(1,240)		521
Definite-lived intangible assets			$	777,703	$	(407,323)	$	370,380
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	454,747

Schedule of estimated future aggregate amortization expense

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
2024	55,328
2025	46,344
2026	39,136
2027	34,080
Thereafter	129,988
Total	$	353,736