Goodwill and Intangible Assets (Tables)

9 Months Ended

Jan. 31, 2023

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	2,094		—		2,094
Acquisition accounting adjustments from prior period	701		—		701
Translation adjustment	(6,847)		2,026		(4,821)
Balance as of January 31, 2023	$	758,372	$	(64,501)	$	693,871

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	January 31, 2023
			Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(dollars in thousands)
Customer relationships	5-16	12.5	$	663,190	$	(421,171)	$	242,019
Definite-lived tradenames	5-20	15.6	97,526		(23,915)		73,611
Vendor agreements	8-10	10.0	1,000		(550)		450
Developed technology	5-10	6.9	8,315		(5,318)		2,997
Other	3-5	3.5	1,821		(1,414)		407
Definite-lived intangible assets			$	771,852	$	(452,368)	$	319,484
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	403,851

	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	January 31, 2023
			Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(dollars in thousands)
Customer relationships	5-16	12.5	$	663,190	$	(421,171)	$	242,019
Definite-lived tradenames	5-20	15.6	97,526		(23,915)		73,611
Vendor agreements	8-10	10.0	1,000		(550)		450
Developed technology	5-10	6.9	8,315		(5,318)		2,997
Other	3-5	3.5	1,821		(1,414)		407
Definite-lived intangible assets			$	771,852	$	(452,368)	$	319,484
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	403,851

	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 three months)	$	15,031
2024	55,037
2025	46,289
2026	39,155
2027	34,042
Thereafter	129,930
Total	$	319,484