Goodwill and Intangible Assets (Tables)

3 Months Ended

Jul. 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, 2023	$	765,314	$	(64,501)	$	700,813
Goodwill recognized from acquisitions	13,628		—		13,628
Acquisition accounting adjustments from prior period	1,916		—		1,916
Translation adjustment	4,710		(1,229)		3,481
Balance as of July 31, 2023	$	785,568	$	(65,730)	$	719,838

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, 2023
			Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(dollars in thousands)
Customer relationships	5-16	12.4	$	694,258	$	(449,887)	$	244,371
Definite-lived tradenames	5-20	15.5	106,483		(27,395)		79,088
Vendor agreements	8-10	10.0	1,000		(600)		400
Developed technology	5-10	6.8	8,393		(5,807)		2,586
Other	3-5	3.2	1,551		(1,234)		317
Definite-lived intangible assets			$	811,685	$	(484,923)	$	326,762
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	411,129

	Estimated Useful Lives (years)	Weighted Average Amortization Period	April 30, 2023
			Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(dollars in thousands)
Customer relationships	5-16	12.4	$	669,142	$	(432,220)	$	236,922
Definite-lived tradenames	5-20	15.6	100,326		(25,407)		74,919
Vendor agreements	8-10	10.0	1,000		(575)		425
Developed technology	5-10	6.9	8,261		(5,596)		2,665
Other	3-5	3.2	1,551		(1,189)		362
Definite-lived intangible assets		12.8	$	780,280	$	(464,987)	$	315,293
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	399,660

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, 2023
			Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(dollars in thousands)
Customer relationships	5-16	12.4	$	694,258	$	(449,887)	$	244,371
Definite-lived tradenames	5-20	15.5	106,483		(27,395)		79,088
Vendor agreements	8-10	10.0	1,000		(600)		400
Developed technology	5-10	6.8	8,393		(5,807)		2,586
Other	3-5	3.2	1,551		(1,234)		317
Definite-lived intangible assets			$	811,685	$	(484,923)	$	326,762
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	411,129

	Estimated Useful Lives (years)	Weighted Average Amortization Period	April 30, 2023
			Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(dollars in thousands)
Customer relationships	5-16	12.4	$	669,142	$	(432,220)	$	236,922
Definite-lived tradenames	5-20	15.6	100,326		(25,407)		74,919
Vendor agreements	8-10	10.0	1,000		(575)		425
Developed technology	5-10	6.9	8,261		(5,596)		2,665
Other	3-5	3.2	1,551		(1,189)		362
Definite-lived intangible assets		12.8	$	780,280	$	(464,987)	$	315,293
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	399,660

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)
2024 (remaining nine months)	$	44,687
2025	51,724
2026	43,999
2027	38,161
2028	31,730
Thereafter	116,461
Total	$	326,762