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Income Taxes
6 Months Ended
Oct. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The provision for income tax was an expense of $2.3 million and $20.8 million in the three and six months ended October 31, 2023, with an effective tax rate of 98.2% and 30.5%, respectively, compared to an expense of $28.9 million and $55.1 million in the three and six months ended October 31, 2022, with an effective tax rate of 27.9% and 26.5%, respectively. The effective tax rate for the three months ended October 31, 2023 was elevated due to lower earnings primarily resulting from restructuring charges recorded in the three months ended October 31, 2023. Also, 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 tax benefit recorded in connection with the windfall from stock-based awards that vested during the three and six months ended October 31, 2023 was less than the benefit recorded in connection with the windfall from stock-based awards that vested in the three and six months ended October 31, 2022. The windfall is the amount by which the Company's tax deduction for these awards, based on the fair market value of the awards on the date of vesting, is greater than the expense recorded in the Company's financial statements over the awards' vesting period.