Leases (Tables)

6 Months Ended

Oct. 31, 2020

The components of lease expense were as follows:

	Three Months Ended October 31,						Six Months Ended October 31,
	2020			2019			2020			2019
	(in thousands)
Finance lease cost
Amortization of ROU assets	$	317		$	473		$	655		$	943
Interest on lease liabilities		30			39			61			79
		347			512			716			1,022
Operating lease cost		14,027			14,166			28,010			28,393
Short-term lease cost		104			277			212			556
Variable lease cost		2,785			3,183			5,192			6,076
Sublease income		(195	)		(53	)		(275	)		(107	)
Total lease cost	$	17,068		$	18,085		$	33,855		$	35,940

Supplemental cash flow information related to leases was as follows:

	Six Months Ended October 31,
	2020		2019
	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	32,321	$	30,351
Financing cash flows from finance leases	$	664	$	927

ROU assets obtained in exchange for lease obligations:
Operating leases	$	6,000	$	6,054
Finance leases	$	509	$	732

Supplemental balance sheet information related to leases was as follows:

	October 31, 2020			April 30, 2020
	(in thousands)
Finance Leases:

Property and equipment, at cost	$	4,623		$	4,281
Accumulated depreciation		(2,003	)		(1,485	)
Property and equipment, net	$	2,620		$	2,796

Other accrued liabilities	$	1,084		$	1,241
Other liabilities		1,668			1,634
Total finance lease liabilities	$	2,752		$	2,875

Weighted average remaining lease terms:
Operating leases	5.2 years			5.5 years
Finance leases	3.0 years			2.9 years

Weighted average discount rate:
Operating leases		4.8	%		4.8	%
Finance leases		4.2	%		4.1	%

Maturities of lease liabilities were as follows:

Year Ending April 30,	Operating		Financing
	(in thousands)
2021 (excluding the six months ended October 31, 2020)	$	33,714	$	636
2022		53,093		1,019
2023		44,865		732
2024		38,189		411
2025		32,769		123
Thereafter		46,680		—
Total lease payments		249,310		2,921
Less: imputed interest		30,233		169
Total	$	219,077	$	2,752