Restructuring and Other Related Charges

12 Months Ended

Apr. 30, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Other Related Charges

Restructuring and Other Related ChargesOn November 30, 2022, the Company announced and began implementing a plan to align its investments more closely with its strategic priorities by reducing the Company’s workforce by approximately 13% and implementing certain facilities-related cost optimization actions. For the year ended April 30, 2023, the Company recorded employee-related severance and other termination benefits of approximately $23.3 million and facilities-related charges of approximately $6.2 million. Asset impairment charges include impairment of operating lease right-of-use assets, and the associated furniture, equipment, and leasehold improvements of $5.1 million and $1.1 million, respectively, for the exited leased office spaces. The restructuring plan is expected to be substantially completed by the end of the first quarter of fiscal 2024.

The following table presents the total amount incurred and the liability, which is recorded in accrued compensation and employee benefits in the consolidated balance sheet, for restructuring-related employee termination benefits as of April 30, 2023 (in thousands):

	Year Ended
	April 30, 2023
Beginning balance	$	—
Incurred during the period	23,264
Paid during the period	(22,789)
Foreign currency translation adjustment	263
Ending balance	$	738