Fair Value of Financial Instruments and Long Term Debt (Tables)

12 Months Ended

Apr. 30, 2023

Fair Value Disclosures [Abstract]

Carrying Value of Long-Term Debt

The carrying amount of the Company’s long-term debt and finance lease obligations by issuance is as follows: 

	As of April 30,
	2023		2022
Finance lease liabilities (Note 7)	$	95,072	$	74,234
3.67% Senior Notes (Series A) due in 7 installments beginning June 17, 2022, and ending June 15, 2028	135,000		150,000
3.75% Senior Notes (Series B) due in 7 installments beginning December 17, 2022 and ending December 18, 2028	45,000		50,000
3.65% Senior Notes (Series C) due in 7 installments beginning May 2, 2025 and ending May 2, 2031	50,000		50,000
3.72% Senior Notes (Series D) due in 7 installments beginning October 28, 2025 and ending October 28, 2031	50,000		50,000
3.51% Senior Notes (Series E) due June 13, 2025	150,000		150,000
3.77% Senior Notes (Series F) due August 22, 2028	250,000		250,000
2.85% Senior Notes (Series G) due August 7, 2030	325,000		325,000
2.96% Senior Notes (Series H) due August 6, 2032	325,000		325,000
Variable rate term loan facility, requiring quarterly installments ending April 21, 2028	250,000		265,625
Debt issuance costs	(1,698)		(1,990)
	$	1,673,374	$	1,687,869
Less current maturities	52,861		24,466
	$	1,620,513	$	1,663,403

Schedule of Maturities of Long-term Debt Including Capitalized Lease Obligations

Listed below are the aggregate maturities of long-term debt, excluding finance lease obligations (refer to Note 7 for future minimum payments under finance leases), for the 5 years commencing May 1, 2023 and thereafter:

 

Years ended April 30,
2024	$	44,500
2025	44,500
2026	204,500
2027	60,500
2028	248,000
Thereafter	978,000
	$	1,580,000

Finance Lease, Liability, Maturity

Listed below are the aggregate maturities of long-term debt, excluding finance lease obligations (refer to Note 7 for future minimum payments under finance leases), for the 5 years commencing May 1, 2023 and thereafter:

 

Years ended April 30,
2024	$	44,500
2025	44,500
2026	204,500
2027	60,500
2028	248,000
Thereafter	978,000
	$	1,580,000

Future minimum payments under the finance leases and operating leases consisted of the following at April 30, 2023:

Years ended April 30,	Finance leases		Operating leases
2024	$	12,398	$	8,140
2025	10,913		8,204
2026	10,589		8,118
2027	10,596		8,059
2028	9,644		8,027
Thereafter	76,757		123,773
Total minimum lease payments	$	130,897	$	164,321
Less amount representing interest	35,825		58,392
Present value of net minimum lease payments	$	95,072	$	105,929