Leases (Tables)

6 Months Ended

Oct. 31, 2023

The components of lease expense were as follows:


	Three Months Ended October 31,				Six Months Ended October 31,
	2023		2022		2023		2022

	(in thousands)
Finance lease cost
Amortization of ROU assets	$	448	$	365	$	850	$	738
Interest on lease liabilities	54		46		108		94
	502		411		958		832
Operating lease cost	11,389		12,203		23,086		24,618
Short-term lease cost	222		270		491		433
Variable lease cost	3,724		1,583		6,915		4,238
Lease impairment cost	—		—		1,629		—
Sublease income	(1,051)		(738)		(2,114)		(1,245)
Total lease cost	$	14,786	$	13,729	$	30,965	$	28,876

Supplemental cash flow information related to leases was as follows:


	Six Months Ended October 31,
	2023		2022

	(in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	26,635	$	29,114
Financing cash flows from finance leases	$	938	$	814

ROU assets obtained in exchange for lease obligations:
Operating leases	$	4,109	$	9,589
Finance leases	$	714	$	2,497

Supplemental balance sheet information related to leases was as follows:


	October 31, 2023			April 30, 2023

	(in thousands)
Finance Leases:

Property and equipment, at cost	$	7,253		$	7,103
Accumulated depreciation	(3,149)			(2,741)
Property and equipment, net	$	4,104		$	4,362

Other accrued liabilities	$	1,373		$	1,372
Other liabilities	2,810			3,053
Total finance lease liabilities	$	4,183		$	4,425

Weighted average remaining lease terms:
Operating leases	4.2 years			4.5 years
Finance leases	3.5 years			3.8 years

Weighted average discount rate:
Operating leases	4.9		%	4.5		%
Finance leases	5.1		%	4.7		%

Maturities of lease liabilities were as follows:


Year Ending April 30,	Operating		Financing

	(in thousands)
2024 (excluding the six months ended October 31, 2023)	$	25,365	$	793
2025	44,791		1,467
2026	40,004		1,108
2027	21,325		712
2028	10,274		472
Thereafter	15,967		7
Total lease payments	157,726		4,559
Less: imputed interest	14,631		376
Total	$	143,095	$	4,183