Leases

12 Months Ended

Apr. 30, 2020

Leases [Abstract]

Leases

Leases

The Company’s leases are comprised of corporate office spaces and various equipment under non-cancelable operating lease agreements that expire at various dates through 2025. As of April 30, 2020, the Company had no finance leases.

Components of lease costs included in the consolidated statement of operations for the year ended April 30, 2020 were as follows (in thousands):

Operating lease cost	$	8,435
Short-term lease cost	3,111
Variable lease cost	1,883
Total lease cost	$	13,429

Lease term and discount rate information as of April 30, 2020 are summarized as follows:

Weighted average remaining lease term (years)	4.83
Weighted average discount rate	5.08	%

Future minimum lease payments under non-cancelable operating leases on an undiscounted cash flow basis as of April 30, 2020 were as follows (in thousands):

Years Ending April 30,
2021	$	8,636
2022	8,138
2023	8,049
2024	7,112
2025	5,857
Thereafter	2,803
Total minimum lease payments	$	40,595
Less imputed interest	$	(5,129)
Present value of future minimum lease payments	$	35,466
Less current lease liabilities	$	(7,639)
Operating lease liabilities, non-current	$	27,827

Future minimum lease payments under non-cancelable financing and operating leases, based on the previous lease accounting standard, as of April 30, 2019 were as follows (in thousands):

Years Ending April 30,
2020	$	6,455
2021	5,494
2022	5,106
2023	5,217
2024	4,602
Thereafter	7,020
Total	$	33,894