Leases (Tables)

6 Months Ended

Oct. 31, 2023

Lessee Disclosure [Abstract]

Summary of components of lease expense

The components of lease expense were as follows:

	Three Months Ended October 31,				Six Months Ended October 31,
	2023		2022		2023		2022
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	7,114	$	5,979	$	13,878	$	11,797
Interest on lease liabilities	1,897		1,739		3,754		3,561
Operating lease cost	16,033		13,008		31,749		25,979
Variable lease cost	4,769		5,677		8,439		11,580
Total lease cost	$	29,813	$	26,403	$	57,820	$	52,917

Summary of components of supplemental cash flow information related to leases

Supplemental cash flow information related to leases was as follows:

	Six Months Ended October 31,
	2023		2022
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	30,926	$	29,905
Operating cash flows from finance leases	3,754		3,561
Financing cash flows from finance leases	19,304		16,450
Right-of-use assets obtained in exchange for lease obligations
Operating leases	23,904		19,268
Finance leases	35,336		26,638

Summary of other lease information

Other information related to leases was as follows:

	October 31, 2023			April 30, 2023
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	252,450		$	231,488
Accumulated depreciation	(66,825)			(65,274)
Property and equipment, net	$	185,625		$	166,214
Weighted-average remaining lease term (years)
Operating leases	5.1			5.2
Finance leases	4.1			3.9
Weighted-average discount rate
Operating leases	5.4		%	5.0		%
Finance leases	5.5		%	4.9		%

Schedule of maturities for finance leases

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2024 (remaining six months)	$	25,070	$	28,282
2025	44,125		55,011
2026	36,458		41,683
2027	29,290		30,118
2028	21,172		21,279
Thereafter	11,469		43,996
Total lease payments	167,584		220,369
Less imputed interest	17,880		29,004
Total	$	149,704	$	191,365

Schedule of maturities for operating leases

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2024 (remaining six months)	$	25,070	$	28,282
2025	44,125		55,011
2026	36,458		41,683
2027	29,290		30,118
2028	21,172		21,279
Thereafter	11,469		43,996
Total lease payments	167,584		220,369
Less imputed interest	17,880		29,004
Total	$	149,704	$	191,365