Leases

12 Months Ended

Apr. 30, 2025

Leases [Abstract]

Leases

Leases

The Company’s leases provide for rental of corporate office space under non-cancelable operating lease agreements that expire at various dates through fiscal 2036. The Company does not have any finance leases.

Lease Costs

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

	Year Ended April 30,
	2025		2024		2023
Operating lease cost	$	11,102	$	12,114	$	12,411
Short-term lease cost	2,232		1,921		2,217
Variable lease cost	1,456		1,342		726
Total lease cost	$	14,790	$	15,377	$	15,354

Lease term and discount rate information are summarized as follows:

	As of April 30, 2025
Weighted average remaining lease term (in years)	5.1
Weighted average discount rate	5.5	%

Future minimum lease payments under non-cancelable operating leases on an undiscounted cash flow basis as of April 30, 2025 were as follows (in thousands, by fiscal year):

2026	$	10,151
2027	5,483
2028	3,732
2029	2,279
2030	1,264
Thereafter	7,007
Total minimum lease payments	29,916
Less imputed interest	(4,631)
Present value of future minimum lease payments	25,285
Less current lease liabilities	(8,928)
Operating lease liabilities, non-current	$	16,357

Future minimum lease payments as of April 30, 2025 include future cash payments on leases with corresponding right-of-use assets which were written down for impairment due to facilities-related cost optimization actions during the year ended April 30, 2023. During the year ended April 30, 2023, the Company recorded an impairment charge of $5.1 million related to the exit from leased office space.