Equity-Based Compensation - (Tables)

6 Months Ended

Oct. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of stock option activity

The following table presents stock option activity for the six months ended October 31, 2023:

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value
	(shares and dollars in thousands)
Outstanding as of April 30, 2023	1,106	$	32.60	6.5	$	28,155
Options granted	150	74.80
Options exercised	(65)	27.26
Options forfeited	(9)	44.03
Outstanding as of October 31, 2023	1,182	$	38.18	6.6	$	26,476
Exercisable as of October 31, 2023	842	$	28.43	5.6	$	25,314
Vested and Expected to vest as of October 31, 2023	1,182	$	38.17	6.6	$	26,473

Schedule of the fair value of stock options assumptions

The fair value of stock options granted during the six months ended October 31, 2023 and 2022 was estimated using the Black-Scholes option-pricing model with the following assumptions and resulting weighted average grant date fair value:

	Six Months Ended October 31,
	2023			2022
Volatility	38.70		%	45.80		%
Expected life (years)	6.0			6.0
Risk-free interest rate	4.29		%	2.67		%
Dividend yield	—		%	—		%
Grant date fair value	$	33.34		$	25.26

Summary of restricted stock unit activity

The following table presents restricted stock unit activity for the six months ended October 31, 2023:

	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
	(shares in thousands)
Outstanding as of April 30, 2023	353	$	46.97
Granted	140	74.80
Vested	(172)	44.37
Forfeited	(4)	50.35
Outstanding as of October 31, 2023	317	$	60.67

Schedule of ESPP activity

The following table presents the number of shares of the Company’s common stock purchased under the ESPP and average price per share:

	Six Months Ended October 31,
	2023		2022
	(shares in thousands)
Number of shares purchased under the ESPP	58		33
Average purchase price	$	45.90	$	40.05