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Stock Appreciation Rights, Deferred Compensation and Redeemable Noncontrolling Interests
 9 Months Ended
Jan. 31, 2025
Stock Appreciation Rights, Deferred Compensation and Redeemable Noncontrolling Interests  
Stock Appreciation Rights, Deferred Compensation and Redeemable Noncontrolling Interests Stock Appreciation Rights, Deferred Compensation and Redeemable Noncontrolling Interests
The following table presents a summary of changes to the liabilities for stock appreciation rights, deferred compensation and redeemable noncontrolling interests:
Stock
Appreciation
Rights		Deferred
Compensation		Redeemable
Noncontrolling
Interests
(in thousands)
Balance as of April 30, 2024$36,013 $2,060 $10,259 
Amounts redeemed(4,764)(785)(3,935)
Change in fair value1,331 183 966 
Balance as of January 31, 2025$32,580 $1,458 $7,290 
Classified as current as of April 30, 2024$11,038 $733 $3,666 
Classified as long-term as of April 30, 202424,975 1,327 6,593 
Classified as current as of January 31, 2025$16,218 $1,458 $7,290 
Classified as long-term as of January 31, 202516,362 — — 
Total expense related to these instruments was $2.5 million and $4.5 million during the nine months ended January 31, 2025 and 2024, respectively, and was included in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Current and long-term liabilities for stock appreciation rights, deferred compensation and redeemable noncontrolling interests are included in other accrued expenses and current liabilities and other liabilities, respectively, in the Condensed Consolidated Balance Sheets. See Note 13, “Stock Appreciation Rights, Deferred Compensation and Redeemable Noncontrolling Interests,” in the Company’s Annual Report on Form 10-K for the year ended April 30, 2024 for more information regarding stock appreciation rights, deferred compensation and redeemable noncontrolling interests.