Goodwill and Intangible Assets

3 Months Ended

Jul. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table presents changes in the carrying amount of goodwill:


	Gross		Accumulated		Net
	Carrying Amount		Impairment Loss		Carrying Amount
	(in thousands)
Balance as of April 30, 2025	$	987,371	$	(106,037)	$	881,334
Goodwill recognized from acquisitions	1,174		—		1,174
Acquisition accounting adjustments from prior period	240		—		240
Translation adjustment	(355)		109		(246)
Balance as of July 31, 2025	$	988,430	$	(105,928)	$	882,502

As of July 31, 2025, $817.2 million of goodwill was assigned to the Company’s geographic divisions reportable segment and $65.3 million was assigned to the Company’s other segment.

Intangible Assets

The following tables present the components of the Company’s intangible assets:


	Estimated Useful Lives (years)	Weighted Average Amortization Period	July 31, 2025
			Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(dollars in thousands)
Customer relationships	5-15	12.8	$	739,952	$	(425,069)	$	314,883
Definite-lived trade names	5-20	15.4	155,841		(45,333)		110,508
Developed technology	5-10	7.0	8,327		(6,200)		2,127
Other	3-10	5.5	8,069		(3,009)		5,060
Definite-lived intangible assets		13.1	$	912,189	$	(479,611)	$	432,578
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	516,945


	Estimated Useful Lives (years)	Weighted Average Amortization Period	April 30, 2025
			Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(dollars in thousands)
Customer relationships	5-15	12.8	$	740,425	$	(409,002)	$	331,423
Definite-lived trade names	5-20	15.4	155,906		(42,598)		113,308
Developed technology	5-10	6.9	8,334		(6,125)		2,209
Other	3-10	5.5	8,070		(2,661)		5,409
Definite-lived intangible assets		13.1	$	912,735	$	(460,386)	$	452,349
Indefinite-lived intangible assets							84,367
Total intangible assets, net							$	536,716

Amortization expense related to definite-lived intangible assets was $19.6 million and $18.8 million for the three months ended July 31, 2025 and 2024, respectively.

The following table summarizes the estimated future amortization expense for definite-lived intangible assets. Actual amortization expense to be reported in future periods could differ materially from these estimates as a result of acquisitions, changes in useful lives, foreign currency exchange rate fluctuations and other relevant factors.


Year Ending April 30,	(in thousands)
2026 (remaining nine months)	$	55,918
2027	67,454
2028	58,769
2029	51,000
2030	44,073
Thereafter	155,364
Total	$	432,578

The Company’s indefinite-lived intangible assets as of July 31, 2025 and April 30, 2025 consisted of indefinite-lived trade names.