XML 31 R16.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes
9 Months Ended
Jan. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income TaxesThe provision for income tax was an expense of $8.5 million and $63.6 million in the three and nine months ended January 31, 2023, with an effective tax rate of 41.8% and 27.8%, respectively, compared to an expense of $26.9 million and $77.0 million in the three and nine months ended January 31, 2022, with an effective tax rate of 24.0% and 24.4%, respectively. In addition to the impact of U.S. state income taxes and the jurisdictional mix of earnings, which generally create variability in our effective tax rate over time, the effective tax rate for the three and nine months ended January 31, 2023 were affected by a tax expense recorded for withholding taxes that are not eligible for credit. The effective tax rate for the three months ended January 31, 2023 was also elevated due to common permanent tax adjustments being applied to lower earnings resulting from restructuring charges recorded in the quarter.