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Leases - (Tables)

12 Months Ended

Apr. 30, 2020

Lease right-of-use assets outstanding as of April 30, 2020 consisted of the following (in thousands):



	Classification	April 30, 2020
Operating lease right-of-use assets	Other assets	$	21,143
Finance lease right-of-use assets	Property and equipment	$	14,583

Weighted average remaining lease terms, weighted average discount rates, and supplementary cash flow information for outstanding leases were as follows:



	April 30, 2020
Weighted-average remaining lease-term - finance lease	10.9
Weighted-average remaining lease-term - operating lease	20.4

Weighted-average discount rate - finance lease	5.34		%
Weighted-average discount rate - operating lease	4.25		%

Right-of-use assets obtained in exchange for new finance lease liabilities (in thousands)	$	1,520
Right-of-use assets obtained in exchange for new operating lease liabilities (in thousands)	$	2,840

Finance Lease, Liability, Maturity

Listed below are the aggregate maturities of long-term debt, including finance lease obligations, for the 5 years commencing May 1, 2020 and thereafter:



Years ended April 30,	Finance Leases		Senior Notes		Total
2021	$	2,244	$	569,000	$	571,244
2022	2,354		—		2,354
2023	2,484		20,000		22,484
2024	2,060		32,000		34,060
2025	734		32,000		32,734
Thereafter	6,870		616,000		622,870
	$	16,746	$	1,269,000	$	1,285,746



	April 30, 2020
Weighted-average remaining lease-term - finance lease	10.9
Weighted-average remaining lease-term - operating lease	20.4

Weighted-average discount rate - finance lease	5.34		%
Weighted-average discount rate - operating lease	4.25		%

Right-of-use assets obtained in exchange for new finance lease liabilities (in thousands)	$	1,520
Right-of-use assets obtained in exchange for new operating lease liabilities (in thousands)	$	2,840

Future minimum payments under the finance leases and operating leases with initial or remaining terms of one year or more consisted of the following at April 30, 2020 and April 30, 2019:



Years ended April 30, 2020	Finance leases		Operating leases
2021	$	3,118	$	1,829
2022	3,110		1,814
2023	3,116		1,717
2024	2,565		1,683
2025	1,167		1,686
Thereafter	10,764		25,335
Total minimum lease payments	23,840		34,064
Less amount representing interest	7,094		12,468
Present value of net minimum lease payments	$	16,746	$	21,596



Years ended April 30, 2019	Capital leases		Operating leases
2020	$	3,103	$	1,703
2021	3,109		1,547
2022	3,096		1,354
2023	3,098		1,228
2024	2,548		1,066
Thereafter	9,215		10,438
Total minimum lease payments	24,169		$	17,336
Less amount representing interest	7,689
Present value of net minimum lease payments	$	16,480

Lessee, Operating Lease, Liability, Maturity



	April 30, 2020
Weighted-average remaining lease-term - finance lease	10.9
Weighted-average remaining lease-term - operating lease	20.4

Weighted-average discount rate - finance lease	5.34		%
Weighted-average discount rate - operating lease	4.25		%

Right-of-use assets obtained in exchange for new finance lease liabilities (in thousands)	$	1,520
Right-of-use assets obtained in exchange for new operating lease liabilities (in thousands)	$	2,840

Future minimum payments under the finance leases and operating leases with initial or remaining terms of one year or more consisted of the following at April 30, 2020 and April 30, 2019:



Years ended April 30, 2020	Finance leases		Operating leases
2021	$	3,118	$	1,829
2022	3,110		1,814
2023	3,116		1,717
2024	2,565		1,683
2025	1,167		1,686
Thereafter	10,764		25,335
Total minimum lease payments	23,840		34,064
Less amount representing interest	7,094		12,468
Present value of net minimum lease payments	$	16,746	$	21,596



Years ended April 30, 2019	Capital leases		Operating leases
2020	$	3,103	$	1,703
2021	3,109		1,547
2022	3,096		1,354
2023	3,098		1,228
2024	2,548		1,066
Thereafter	9,215		10,438
Total minimum lease payments	24,169		$	17,336
Less amount representing interest	7,689
Present value of net minimum lease payments	$	16,480