Related Party Transactions	12 Months Ended
Apr. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	17. Related Party Transactions Prior to the Separation, the combined financial statements were prepared on a standalone basis and were derived from the consolidated financial statements and accounting records of our former parent, our former Parent. The following discussion summarizes activity between us and the former Parent prior to the Separation on August 24, 2020 (and its affiliates that are not part of the Separation). Allocation of General Corporate Expenses Prior to the Separation, the combined statements of operations and comprehensive income/(loss) included expenses for certain centralized functions and other programs provided and administered by our former parent that were charged directly to us. In addition, for purposes of preparing these combined financial statements on a carve-out basis, we have allocated a portion of the former Parent total corporate and selling, marketing, and distribution expenses to us. See Note 1 – Background and Basis of Presentation for a discussion of the methodology used to allocate corporate-related costs and selling, marketing, and distribution expenses for purposes of preparing these financial statements on a carve-out basis. Related Party Sales and Purchases For the period prior to the Separation in fiscal year 2021, our sales to our former parent totaled $2.4 million during our fiscal year 2021, which are included in net sales in the combined statements of operations and comprehensive income/(loss). Our sales to our former parent totaled $15.1 million and $17.5 million for the fiscal years 2020 and 2019, respectively. Our cost of goods sold included an immaterial amount for items purchased from our former parent for the fiscal year 2021. As of April 30, 2021, 2020 and 2019, there was an immaterial amount, $435,000 and $521,000, respectively, of inventories purchased from the former Parent that remain on our consolidated and combined balance sheet. Net Transfers To and From our former parent Prior to the Separation, our former parent utilized a centralized approach to cash management and financing its operations. Disbursements were made through centralized accounts payable systems, which were operated by our former parent. Cash receipts were transferred to centralized accounts, which were also maintained by our former parent. As cash was received and disbursed by our former parent, it was accounted for by us through the former parent company investment. Certain related party transactions between us and our former parent have been included within the former parent company investment in the combined balance sheets in the historical periods presented. All notes to and from our former parent were settled in connection with the Separation. As of April 30, 2020, the former parent company investment included related party receivables due from our former parent of $85.0 million. The interest income and expense related to the activity with our former parent that was historically included in our results prior to the Separation is presented on a net basis in the combined statements of operations and comprehensive income/(loss). Interest income on the activity with our former parent was $424,000 during the first four months of our fiscal year 2021 and prior to the Separation and $5.0 million and $5.2 million for the fiscal years ended April 30, 2020 and 2019, respectively. The total effect of the settlement of these related party transactions is reflected as a financing activity in the consolidated and combined statements of cash flows. On August 24, 2020, our former parent capitalized our company with $25.0 million of cash as part of the Separation.

Related Party Transactions

12 Months Ended

Apr. 30, 2021

17. Related Party Transactions

Prior to the Separation, the combined financial statements were prepared on a standalone basis and were derived from the consolidated financial statements and accounting records of our former parent, our former Parent. The following discussion summarizes activity between us and the former Parent prior to the Separation on August 24, 2020 (and its affiliates that are not part of the Separation).

Allocation of General Corporate Expenses

Prior to the Separation, the combined statements of operations and comprehensive income/(loss) included expenses for certain centralized functions and other programs provided and administered by our former parent that were charged directly to us. In addition, for purposes of preparing these combined financial statements on a carve-out basis, we have allocated a portion of the former Parent total corporate and selling, marketing, and distribution expenses to us. See Note 1 – Background and Basis of Presentation for a discussion of the methodology used to allocate corporate-related costs and selling, marketing, and distribution expenses for purposes of preparing these financial statements on a carve-out basis.

Related Party Sales and Purchases

For the period prior to the Separation in fiscal year 2021, our sales to our former parent totaled $2.4 million during our fiscal year 2021, which are included in net sales in the combined statements of operations and comprehensive income/(loss). Our sales to our former parent totaled $15.1 million and $17.5 million for the fiscal years 2020 and 2019, respectively. Our cost of goods sold included an immaterial amount for items purchased from our former parent for the fiscal year 2021. As of April 30, 2021, 2020 and 2019, there was an immaterial amount, $435,000 and $521,000, respectively, of inventories purchased from the former Parent that remain on our consolidated and combined balance sheet.

Net Transfers To and From our former parent

Prior to the Separation, our former parent utilized a centralized approach to cash management and financing its operations. Disbursements were made through centralized accounts payable systems, which were operated by our former parent. Cash receipts were transferred to centralized accounts, which were also maintained by our former parent. As cash was received and disbursed by our former parent, it was accounted for by us through the former parent company investment. Certain related party transactions between us and our former parent have been included within the former parent company investment in the combined balance sheets in the historical periods presented. All notes to and from our former parent were settled in connection with the Separation. As of April 30, 2020, the former parent company investment included related party receivables due from our former parent of $85.0 million. The interest income and expense related to the activity with our former parent that was historically included in our results prior to the Separation is presented on a net basis in the combined statements of operations and comprehensive income/(loss). Interest income on the activity with our former parent was $424,000 during the first four months of our fiscal year 2021 and prior to the Separation and $5.0 million and $5.2 million for the fiscal years ended April 30, 2020 and 2019, respectively. The total effect of the settlement of these related party transactions is reflected as a financing activity in the consolidated and combined statements of cash flows. On August 24, 2020, our former parent capitalized our company with $25.0 million of cash as part of the Separation.