Leases (Tables)

9 Months Ended

Jan. 31, 2023

Lessee Disclosure [Abstract]

Summary of components of lease expense

The components of lease expense were as follows:

	Three Months Ended January 31,				Nine Months Ended January 31,
	2023		2022		2023		2022
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	6,121	$	5,557	$	17,918	$	16,713
Interest on lease liabilities	1,800		1,954		5,361		6,378
Operating lease cost	13,293		12,628		39,272		34,955
Variable lease cost	4,919		4,440		16,499		12,992
Total lease cost	$	26,133	$	24,579	$	79,050	$	71,038

Summary of components of supplemental cash flow information related to leases

Supplemental cash flow information related to leases was as follows:

	Nine Months Ended January 31,
	2023		2022
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	39,675	$	35,385
Operating cash flows from finance leases	5,361		6,378
Financing cash flows from finance leases	26,167		23,154
Right-of-use assets obtained in exchange for lease obligations
Operating leases	34,607		53,549
Finance leases	42,421		24,887

Summary of other lease information

Other information related to leases was as follows:

	January 31, 2023			April 30, 2022
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	221,974		$	193,380
Accumulated depreciation	(65,209)			(57,363)
Property and equipment, net	$	156,765		$	136,017
Weighted-average remaining lease term (years)
Operating leases	4.5			4.6
Finance leases	3.8			3.7
Weighted-average discount rate
Operating leases	4.7		%	4.7		%
Finance leases	4.7		%	4.2		%

Schedule of maturities for finance leases

Future minimum lease payments under non-cancellable leases as of January 31, 2023 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2023 (remaining three months)	$	12,854	$	9,942
2024	43,528		49,426
2025	32,532		38,503
2026	24,773		25,650
2027	17,607		16,307
Thereafter	14,052		29,733
Total lease payments	145,346		169,561
Less imputed interest	13,656		17,803
Total	$	131,690	$	151,758

Schedule of maturities for operating leases

Future minimum lease payments under non-cancellable leases as of January 31, 2023 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2023 (remaining three months)	$	12,854	$	9,942
2024	43,528		49,426
2025	32,532		38,503
2026	24,773		25,650
2027	17,607		16,307
Thereafter	14,052		29,733
Total lease payments	145,346		169,561
Less imputed interest	13,656		17,803
Total	$	131,690	$	151,758