Leases

3 Months Ended

Jul. 31, 2024

Lessee Disclosure [Abstract]

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended July 31,
	2024		2023
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	8,339	$	6,764
Interest on lease liabilities	2,694		1,857
Operating lease cost	19,593		15,716
Variable lease cost	4,832		3,670
Total lease cost	$	35,458	$	28,007

Supplemental cash flow information related to leases was as follows:

	Three Months Ended July 31,
	2024		2023
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	18,688	$	15,652
Operating cash flows from finance leases	2,694		1,857
Financing cash flows from finance leases	10,839		9,793
Right-of-use assets obtained in exchange for lease obligations
Operating leases	52,189		7,726
Finance leases	15,022		10,100

Other information related to leases was as follows:

	July 31, 2024			April 30, 2024
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	302,051		$	289,707
Accumulated depreciation	(80,739)			(78,170)
Property and equipment, net	$	221,312		$	211,537
Weighted-average remaining lease term (years)
Operating leases	7.0			6.9
Finance leases	3.3			4.0
Weighted-average discount rate
Operating leases	6.5		%	6.3		%
Finance leases	5.9		%	5.7		%

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2025 (remaining nine months)	$	41,907	$	52,319
2026	48,510		64,750
2027	41,367		53,300
2028	33,173		43,199
2029	20,927		36,077
Thereafter	10,888		125,053
Total lease payments	196,772		374,698
Less imputed interest	22,906		81,285
Total	$	173,866	$	293,413

Leases

Leases

The components of lease expense were as follows:

	Three Months Ended July 31,
	2024		2023
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	8,339	$	6,764
Interest on lease liabilities	2,694		1,857
Operating lease cost	19,593		15,716
Variable lease cost	4,832		3,670
Total lease cost	$	35,458	$	28,007

Supplemental cash flow information related to leases was as follows:

	Three Months Ended July 31,
	2024		2023
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	18,688	$	15,652
Operating cash flows from finance leases	2,694		1,857
Financing cash flows from finance leases	10,839		9,793
Right-of-use assets obtained in exchange for lease obligations
Operating leases	52,189		7,726
Finance leases	15,022		10,100

Other information related to leases was as follows:

	July 31, 2024			April 30, 2024
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	302,051		$	289,707
Accumulated depreciation	(80,739)			(78,170)
Property and equipment, net	$	221,312		$	211,537
Weighted-average remaining lease term (years)
Operating leases	7.0			6.9
Finance leases	3.3			4.0
Weighted-average discount rate
Operating leases	6.5		%	6.3		%
Finance leases	5.9		%	5.7		%

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2025 (remaining nine months)	$	41,907	$	52,319
2026	48,510		64,750
2027	41,367		53,300
2028	33,173		43,199
2029	20,927		36,077
Thereafter	10,888		125,053
Total lease payments	196,772		374,698
Less imputed interest	22,906		81,285
Total	$	173,866	$	293,413