RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Tables)

9 Months Ended

Jan. 31, 2021

Lessee, Operating Lease, Disclosure [Table Text Block]

Effective May 1, 2019, the Company adopted ASU 2016-02. The table below presents ROU assets and liabilities recorded on the respective consolidated balance sheets, related to ASU 2016-02 (in thousands):

	Classification	January 31, 2021		April 30, 2020
		(unaudited)
Assets
Operating lease ROU assets	Right-of-Use assets leases	$	10,094	$	10,864

Liabilities
Operating lease liabilities (short-term)	Lease liability, current		1,751		1,869
Operating lease liabilities (long-term)	Lease liability, non-current		8,656		9,444
Total lease liabilities		$	10,407	$	11,313

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease liabilities recorded on the unaudited consolidated balance sheet as of January 31, 2021:

Fiscal Year Ending April 30,
(in thousands)

Remainder of 2021	$	308
2022		1,952
2023		1,802
2024		1,834
2025		1,723
Thereafter		5,533
Total lease payments		13,152
Less imputed interest		(2,745	)
Present value of future lease payments		10,407
Less current obligations under leases		(1,751	)
Long-term lease obligations		8,656