Comprehensive Income (Tables)

9 Months Ended

Jan. 31, 2025

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, net were as follows:

	January 31, 2025		April 30, 2024
	(in thousands)
Foreign currency translation adjustments	$	(130,094)	$	(116,004)
Deferred compensation and pension plan adjustments, net of tax	8,279		8,370
Marketable securities unrealized gain (loss), net of tax	34		(37)
Accumulated other comprehensive loss, net	$	(121,781)	$	(107,671)

Schedule of Changes in Each Component of Accumulated Other Comprehensive Loss

The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended January 31, 2025:

	Foreign Currency Translation		Deferred Compensation and Pension Plan		Unrealized Gains on Marketable Securities		Accumulated Other Comprehensive Loss
	(in thousands)
Balance as of October 31, 2024	$	(108,781)	$	8,223	$	57	$	(100,501)
Unrealized losses arising during the period	(21,313)		—		(21)		(21,334)
Reclassification of realized net losses (gains) to net income	—		56		(2)		54
Balance as of January 31, 2025	$	(130,094)	$	8,279	$	34	$	(121,781)

The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the nine months ended January 31, 2025:

	Foreign Currency Translation		Deferred Compensation and Pension Plan (1)		Unrealized (Losses) Gains on Marketable Securities		Accumulated Other Comprehensive Loss
	(in thousands)
Balance as of April 30, 2024	$	(116,004)	$	8,370	$	(37)	$	(107,671)
Unrealized (losses) gains arising during the period	(14,090)		—		73		(14,017)
Reclassification of realized net gains to net income	—		(91)		(2)		(93)
Balance as of January 31, 2025	$	(130,094)	$	8,279	$	34	$	(121,781)

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(1) The tax effect on the reclassification of realized net gains was $0.1 million for the nine months ended January 31, 2025.

The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended January 31, 2024:

	Foreign Currency Translation		Deferred Compensation and Pension Plan		Unrealized (Losses) Gains on Marketable Securities (1)		Accumulated Other Comprehensive Loss
	(in thousands)
Balance as of October 31, 2023	$	(120,196)	$	4,436	$	(113)	$	(115,873)
Unrealized gains arising during the period	12,742		—		172		12,914
Reclassification of realized net losses to net income	—		29		—		29
Balance as of January 31, 2024	$	(107,454)	$	4,465	$	59	$	(102,930)

The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the nine months ended January 31, 2024:

	Foreign Currency Translation		Deferred Compensation and Pension Plan (2)		Unrealized (Losses) Gains on Marketable Securities (1)		Accumulated Other Comprehensive Loss
	(in thousands)
Balance as of April 30, 2023	$	(96,860)	$	4,381	$	(285)	$	(92,764)
Unrealized (losses) gains arising during the period	(10,594)		—		344		(10,250)
Reclassification of realized net losses to net income	—		84		—		84
Balance as of January 31, 2024	$	(107,454)	$	4,465	$	59	$	(102,930)

___________________

(1)	The tax effect on the unrealized gains were $0.1 million and $0.1 million for the three and nine months ended January 31, 2024.
(2)	The tax effect on the reclassification of realized net losses was $0.1 million for the nine months ended January 31, 2024.