Leases (Tables)

6 Months Ended

Oct. 31, 2024

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,
	2024		2023		2024		2023
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	8,353	$	7,114	$	16,692	$	13,878
Interest on lease liabilities	2,649		1,897		5,343		3,754
Operating lease cost	20,295		16,033		39,888		31,749
Variable lease cost	4,075		4,769		8,907		8,439
Total lease cost	$	35,372	$	29,813	$	70,830	$	57,820

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,
	2024		2023
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	38,633	$	30,926
Operating cash flows from finance leases	5,343		3,754
Financing cash flows from finance leases	21,834		19,304
Right-of-use assets obtained in exchange for lease obligations
Operating leases	56,199		23,904
Finance leases	38,083		35,336

Summary of other lease information

Other information related to leases was as follows:

	October 31, 2024			April 30, 2024
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	325,570		$	289,707
Accumulated depreciation	(88,556)			(78,170)
Property and equipment, net	$	237,014		$	211,537
Weighted-average remaining lease term (years)
Operating leases	7.1			6.9
Finance leases	4.3			4.0
Weighted-average discount rate
Operating leases	6.6		%	6.3		%
Finance leases	6.0		%	5.7		%

Schedule of maturities for finance leases

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2025 (remaining six months)	$	29,319	$	34,276
2026	53,139		69,452
2027	46,103		58,001
2028	38,040		47,400
2029	25,697		40,301
Thereafter	19,334		139,149
Total lease payments	211,632		388,579
Less imputed interest	24,994		88,688
Total	$	186,638	$	299,891

Schedule of maturities for operating leases

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

	Finance		Operating
Year Ending April 30,	(in thousands)
2025 (remaining six months)	$	29,319	$	34,276
2026	53,139		69,452
2027	46,103		58,001
2028	38,040		47,400
2029	25,697		40,301
Thereafter	19,334		139,149
Total lease payments	211,632		388,579
Less imputed interest	24,994		88,688
Total	$	186,638	$	299,891