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Leases (Tables)

3 Months Ended

Jul. 31, 2023

The components of lease expense were as follows:


	Three Months Ended July 31,
	2023		2022
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	6,764	$	5,818
Interest on lease liabilities	1,857		1,822
Operating lease cost	15,716		12,971
Variable lease cost	3,670		5,903
Total lease cost	$	28,007	$	26,514

Supplemental cash flow information related to leases was as follows:


	Three Months Ended July 31,
	2023		2022
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	15,652	$	12,880
Operating cash flows from finance leases	1,857		1,822
Financing cash flows from finance leases	9,793		7,639
Right-of-use assets obtained in exchange for lease obligations
Operating leases	7,726		15,477
Finance leases	10,100		14,305

Other information related to leases was as follows:


	July 31, 2023			April 30, 2023
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	236,224		$	231,488
Accumulated depreciation	(67,513)			(65,274)
Property and equipment, net	$	168,711		$	166,214
Weighted-average remaining lease term (years)
Operating leases	5.1			5.2
Finance leases	4.0			3.9
Weighted-average discount rate
Operating leases	5.1		%	5.0		%
Finance leases	5.1		%	4.9		%

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

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