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Leases (Tables)
12 Months Ended
Apr. 30, 2021
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows:

 

 

 

Year Ended April 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Finance lease cost

 

 

 

 

 

 

 

 

Amortization of ROU assets

 

$

1,221

 

 

$

1,820

 

Interest on lease liabilities

 

 

114

 

 

 

149

 

 

 

 

1,335

 

 

 

1,969

 

Operating lease cost

 

 

56,166

 

 

 

57,683

 

Short-term lease cost

 

 

474

 

 

 

1,111

 

Variable lease cost

 

 

11,592

 

 

 

13,562

 

Lease impairment cost

 

 

 

 

 

2,282

 

Sublease income

 

 

(657

)

 

 

(447

)

  Total lease cost

 

$

68,910

 

 

$

76,160

 

Summary of Supplemental Cash Flow Information Related to Leases

 

Supplemental cash flow information related to leases was as follows:

 

 

 

Year Ended April 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

66,991

 

 

$

59,631

 

Financing cash flows from finance leases

 

$

1,324

 

 

$

1,833

 

 

 

 

 

 

 

 

 

 

ROU assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

Operating leases

 

$

13,638

 

 

$

15,246

 

Finance leases

 

$

516

 

 

$

1,333

 

Summary of Supplemental Balance Sheet Information Related to Leases

 

Supplemental balance sheet information related to leases was as follows:

 

 

 

Year Ended April 30,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Finance Leases:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, at cost

 

$

4,801

 

 

$

4,281

 

Accumulated depreciation

 

 

(2,590

)

 

 

(1,485

)

Property and equipment, net

 

$

2,211

 

 

$

2,796

 

 

 

 

 

 

 

 

 

 

Other accrued liabilities

 

$

1,010

 

 

$

1,241

 

Other liabilities

 

 

1,301

 

 

 

1,634

 

Total finance lease liabilities

 

$

2,311

 

 

$

2,875

 

 

 

 

 

 

 

 

 

 

Weighted average remaining lease terms:

 

 

 

 

 

 

 

 

Operating leases

 

5.0 years

 

 

5.5 years

 

Finance leases

 

2.7 years

 

 

2.9 years

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate:

 

 

 

 

 

 

 

 

Operating leases

 

 

4.8

%

 

 

4.8

%

Finance leases

 

 

4.2

%

 

 

4.1

%

Summary of Maturities of Lease Liabilities

 

Maturities of lease liabilities are as follows:

Year Ending April 30,

 

Operating

 

 

Financing

 

 

 

(in thousands)

 

2022

 

$

56,636

 

 

$

1,084

 

2023

 

 

48,092

 

 

 

784

 

2024

 

 

41,216

 

 

 

439

 

2025

 

 

34,653

 

 

 

130

 

2026

 

 

29,350

 

 

 

 

Thereafter

 

 

20,734

 

 

 

 

Total lease payments

 

 

230,681

 

 

 

2,437

 

Less: imputed interest

 

 

26,697

 

 

 

126

 

Total

 

$

203,984

 

 

$

2,311