Leases

6 Months Ended

Oct. 31, 2020

Leases [Abstract]

Leases

Leases

The Company’s leases are composed of corporate office spaces under non-cancelable operating lease agreements that expire at various dates through 2025. The Company does not have any finance leases.

Lease Costs

Components of lease costs included in the condensed consolidated statement of operations were as follows (in thousands):

	Three Months Ended October 31,				Six Months Ended October 31,
	2020		2019		2020		2019
Operating lease cost	$	2,172	$	2,184	$	4,284	$	3,963
Short-term lease cost	721		859		1,352		1,531
Variable lease cost	(65)		189		289		308
Total lease cost	$	2,828	$	3,232	$	5,925	$	5,802

Lease term and discount rate information are summarized as follows:

	As of October 31, 2020
Weighted average remaining lease term (years)	4.33
Weighted average discount rate	5.06	%

Future minimum lease payments under non-cancelable operating leases on an undiscounted cash flow basis as of October 31, 2020 were as follows (in thousands):

Years Ending April 30,
2021 (remaining six months)	$	4,546
2022	8,542
2023	8,259
2024	7,179
2025	5,870
Thereafter	2,804
Total minimum lease payments	37,200
Less imputed interest	(4,305)
Present value of future minimum lease payments	32,895
Less current lease liabilities	(7,863)
Operating lease liabilities, non-current	$	25,032