Self-Insurance Reserves

12 Months Ended

Apr. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Self-Insurance Reserves

11. Self-Insurance Reserves

In the prior fiscal year, we transitioned to a self-insured group health insurance program. Prior to this transition, we had fully guaranteed cost group health insurance programs. We are now self-insured through retentions or deductibles with stop-loss insurance for medical claims that reach a certain limit per claim. We record our liability for estimated incurred losses based on historical claim data in the accompanying consolidated financial statements on an undiscounted basis. While we believe these reserves to be adequate, it is possible that the ultimate liabilities will exceed such estimates.

The following table summarizes the activity related to self-insurance reserves in the fiscal years ended April 30, 2024 and 2023 (in thousands):

	For the years ended April 30,
	2024			2023
Beginning balance	$	396		$	29
Additional provisions charged to expense		2,525			2,094
Payments		(2,562	)		(1,727	)
Ending balance	$	359		$	396