Leases (Tables)

9 Months Ended

Jan. 31, 2024

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,
	2024		2023		2024		2023
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	7,419	$	6,121	$	21,297	$	17,918
Interest on lease liabilities	2,072		1,800		5,826		5,361
Operating lease cost	16,231		13,293		47,980		39,272
Variable lease cost	4,155		4,919		12,594		16,499
Total lease cost	$	29,877	$	26,133	$	87,697	$	79,050

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,
	2024		2023
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	46,835	$	39,675
Operating cash flows from finance leases	5,826		5,361
Financing cash flows from finance leases	30,381		26,167
Right-of-use assets obtained in exchange for lease obligations
Operating leases	39,865		34,607
Finance leases	55,662		42,421

Summary of other lease information

Other information related to leases was as follows:

	January 31, 2024			April 30, 2023
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	269,168		$	231,488
Accumulated depreciation	(71,529)			(65,274)
Property and equipment, net	$	197,639		$	166,214
Weighted-average remaining lease term (years)
Operating leases	5.3			5.2
Finance leases	4.0			3.9
Weighted-average discount rate
Operating leases	5.6		%	5.0		%
Finance leases	5.5		%	4.9		%

Schedule of maturities for finance leases

Future minimum lease payments under non-cancellable leases as of January 31, 2024 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2024 (remaining three months)	$	13,149	$	12,390
2025	48,416		57,863
2026	40,708		45,063
2027	33,504		33,420
2028	25,196		23,704
Thereafter	17,140		54,334
Total lease payments	178,113		226,774
Less imputed interest	19,676		32,731
Total	$	158,437	$	194,043

Schedule of maturities for operating leases

Future minimum lease payments under non-cancellable leases as of January 31, 2024 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2024 (remaining three months)	$	13,149	$	12,390
2025	48,416		57,863
2026	40,708		45,063
2027	33,504		33,420
2028	25,196		23,704
Thereafter	17,140		54,334
Total lease payments	178,113		226,774
Less imputed interest	19,676		32,731
Total	$	158,437	$	194,043