Income Taxes (Tables)

12 Months Ended

Apr. 30, 2021

Income Tax Disclosure [Abstract]

Domestic and Foreign Components of Income (Loss) from Continuing Operations before Domestic and Foreign Income and Other Taxes

Income from continuing operations before provision for income taxes was as follows:

	Year Ended April 30,
	2021		2020		2019
	(in thousands)
Domestic	$	34,661	$	40,736	$	(22,039	)
Foreign		129,039		110,226		156,379
Income before provision for income taxes	$	163,700	$	150,962	$	134,340

Provision (Benefit) for Domestic and Foreign Income Taxes

The provision for domestic and foreign income taxes was as follows:

	Year Ended April 30,
	2021			2020			2019
	(in thousands)
Current income taxes:
Federal	$	16,913		$	14,336		$	6,152
State		4,719			4,974			9,097
Foreign		40,646			33,965			42,091
Current provision for income taxes		62,278			53,275			57,340
Deferred income taxes:
Federal		(5,809	)		(6,862	)		(16,211	)
State		(5,025	)		(784	)		(7,682	)
Foreign		(3,306	)		(1,684	)		(3,903	)
Deferred benefit for income taxes		(14,140	)		(9,330	)		(27,796	)
Total provision for income taxes	$	48,138		$	43,945		$	29,544

Reconciliation of Statutory Federal Income Tax Rate to Effective Consolidated Tax Rate

The reconciliation of the statutory federal income tax rate to the effective consolidated tax rate is as follows:

	Year Ended April 30,
	2021			2020			2019
U.S. federal statutory income tax rate		21.0	%		21.0	%		21.0	%
State tax, net of federal effect		1.0			2.2			1.1
Foreign tax rates differential		4.5			4.5			5.0
Non-deductible officers compensation		2.3			0.5			1.1
Excess tax expense (benefit) on stock-based compensation		0.8			(1.0	)		(3.1	)
Change in valuation allowance		0.3			—			(2.0	)
COLI increase, net		(1.7	)		(0.9	)		(1.0	)
Change in uncertain tax positions		1.1			0.2			0.1
Other		0.1			2.6			(0.2	)
Effective income tax rate		29.4	%		29.1	%		22.0	%

Components of Deferred Tax Assets and Liabilities

Components of deferred tax assets and liabilities were as follows:

	April 30,
	2021			2020
	(in thousands)
Deferred tax assets:
Deferred compensation	$	107,834		$	86,479
Operating lease liability		34,183			37,934
Loss carryforwards		39,704			27,845
Reserves and accruals		16,393			14,211
Allowance for doubtful accounts		4,885			4,029
Other		—			2,703
Gross deferred tax assets		202,999			173,201
Deferred tax liabilities:
Operating lease, right-of-use, assets		(27,777	)		(29,998	)
Intangibles and Goodwill		(26,570	)		(29,006	)
Property and equipment		(20,590	)		(22,332	)
Prepaid expenses		(23,928	)		(19,567	)
Marketable Securities		(7,003	)		—
Other		(2,684	)		—
Gross deferred tax liabilities		(108,552	)		(100,903	)
Valuation allowances		(25,173	)		(17,875	)
Net deferred tax asset	$	69,274		$	54,423

Changes in Unrecognized Tax Benefits

A reconciliation of the beginning and ending balances of the unrecognized tax benefits is as follows:

	Year Ended April 30,
	2021		2020			2019
	(in thousands)
Unrecognized tax benefits, beginning of year	$	6,037	$	7,794		$	3,674
Settlement with tax authority		—		(1,767	)		(1,771	)
Additions based on tax positions related to the current year		1,716		10			1,775
Additions based on tax positions related to prior years		2,201		—			4,116
Unrecognized tax benefits, end of year	$	9,954	$	6,037		$	7,794