Leases (Tables)

9 Months Ended

Jan. 31, 2025

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,
	2025		2024		2025		2024
	(in thousands)
Finance lease cost:
Amortization of right-of-use assets	$	8,867	$	7,419	$	25,559	$	21,297
Interest on lease liabilities	2,961		2,072		8,304		5,826
Operating lease cost	21,422		16,231		61,310		47,980
Variable lease cost	3,217		4,155		12,124		12,594
Total lease cost	$	36,467	$	29,877	$	107,297	$	87,697

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,
	2025		2024
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	59,453	$	46,835
Operating cash flows from finance leases	8,304		5,826
Financing cash flows from finance leases	34,114		30,381
Right-of-use assets obtained in exchange for lease obligations
Operating leases	96,245		39,865
Finance leases	54,648		55,662

Summary of other lease information

Other information related to leases was as follows:

	January 31, 2025			April 30, 2024
	(in thousands)
Finance leases included in property and equipment
Property and equipment	$	342,107		$	289,707
Accumulated depreciation	(97,469)			(78,170)
Property and equipment, net	$	244,638		$	211,537
Weighted-average remaining lease term (years)
Operating leases	7.0			6.9
Finance leases	4.4			4.0
Weighted-average discount rate
Operating leases	6.7		%	6.3		%
Finance leases	6.0		%	5.7		%

Schedule of maturities for finance leases

Future minimum lease payments under non-cancellable leases as of January 31, 2025 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2025 (remaining three months)	$	15,112	$	15,987
2026	56,456		76,439
2027	49,493		65,427
2028	41,496		55,464
2029	29,162		47,797
Thereafter	25,395		156,889
Total lease payments	217,114		418,003
Less imputed interest	25,929		92,303
Total	$	191,185	$	325,700

Schedule of maturities for operating leases

Future minimum lease payments under non-cancellable leases as of January 31, 2025 were as follows:

	Finance		Operating
Year Ending April 30,	(in thousands)
2025 (remaining three months)	$	15,112	$	15,987
2026	56,456		76,439
2027	49,493		65,427
2028	41,496		55,464
2029	29,162		47,797
Thereafter	25,395		156,889
Total lease payments	217,114		418,003
Less imputed interest	25,929		92,303
Total	$	191,185	$	325,700