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Goodwill
12 Months Ended
Apr. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

7. Goodwill

Changes in goodwill are summarized as follows (in thousands):

 

 

 

 

 

 

 

 

Total

Goodwill

 

Balance as of April 30, 2019

 

$

163,246

 

Adjustments

 

 

(2

)

Goodwill impairment

 

 

(98,929

)

Balance as of April 30, 2020

 

 

64,315

 

Goodwill impairment

 

 

 

Balance as of April 30, 2021

 

$

64,315

 

 

As of April 30, 2021, we have accumulated $109.3 million of goodwill impairment charges since fiscal 2015 on gross goodwill of $173.6 million. We recorded a $98.9 million impairment of goodwill during our fourth quarter of fiscal 2020 as a result of the negative impacts of COVID-19 on our business. We also recorded a $10.4 million impairment of goodwill during fiscal 2019 as a result of restructuring our two reporting units into one reporting unit. Refer to Note 2 – Summary of Significant Accounting Policies for more details relating to these impairments. We did not record any impairment charges in fiscal 2021 based on the results of our annual goodwill impairment testing.