Leases

3 Months Ended

Jul. 31, 2025

Leases [Abstract]

Leases

Leases

The Company’s lease portfolio is comprised of operating leases for office space and equipment and finance leases for equipment. Equipment leases are comprised of vehicles and office equipment.

The components of lease expense were as follows:

	Three Months Ended July 31,
	2025		2024
	(in thousands)
Finance lease cost
Amortization of ROU assets	$	399	$	379
Interest on lease liabilities	44		49
	443		428
Operating lease cost	12,385		11,995
Short-term lease cost	221		226
Variable lease cost	2,607		2,341
Sublease income	(1,633)		(1,153)
Total lease cost	$	14,023	$	13,837

Supplemental cash flow information related to leases was as follows:

	Three Months Ended July 31,
	2025		2024
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10,567	$	13,628
Financing cash flows from finance leases	$	499	$	412
ROU assets obtained in exchange for lease obligations:
Operating leases	$	931	$	3,613
Finance leases	$	664	$	142

Maturities of lease liabilities were as follows:

Year Ending April 30,	Operating		Financing
	(in thousands)
2026 (excluding the three months ended July 31, 2025)	$	32,843	$	1,231
2027	33,275		1,259
2028	27,373		945
2029	21,868		107
2030	17,450		44
Thereafter	72,514		2
Total lease payments	205,323		3,588
Less: imputed interest	42,576		239
Total	$	162,747	$	3,349

Leases

Leases

The Company’s lease portfolio is comprised of operating leases for office space and equipment and finance leases for equipment. Equipment leases are comprised of vehicles and office equipment.

The components of lease expense were as follows:

	Three Months Ended July 31,
	2025		2024
	(in thousands)
Finance lease cost
Amortization of ROU assets	$	399	$	379
Interest on lease liabilities	44		49
	443		428
Operating lease cost	12,385		11,995
Short-term lease cost	221		226
Variable lease cost	2,607		2,341
Sublease income	(1,633)		(1,153)
Total lease cost	$	14,023	$	13,837

Supplemental cash flow information related to leases was as follows:

	Three Months Ended July 31,
	2025		2024
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	10,567	$	13,628
Financing cash flows from finance leases	$	499	$	412
ROU assets obtained in exchange for lease obligations:
Operating leases	$	931	$	3,613
Finance leases	$	664	$	142

Maturities of lease liabilities were as follows:

Year Ending April 30,	Operating		Financing
	(in thousands)
2026 (excluding the three months ended July 31, 2025)	$	32,843	$	1,231
2027	33,275		1,259
2028	27,373		945
2029	21,868		107
2030	17,450		44
Thereafter	72,514		2
Total lease payments	205,323		3,588
Less: imputed interest	42,576		239
Total	$	162,747	$	3,349