Unrecognized Tax Benefits

3 Months Ended

Jul. 31, 2025

Income Tax Disclosure [Abstract]

Unrecognized Tax Benefits

Unrecognized Tax Benefits

The total amount of gross unrecognized tax benefits was $11,659 and $10,773 at July 31, 2025 and April 30, 2025, respectively. If this unrecognized tax benefit were ultimately recognized, $9,211 is the amount that would impact our effective tax rate. The total net amount of accrued interest and penalties for such unrecognized tax benefits was $317 at July 31, 2025, and $266 at April 30, 2025. Net interest and penalties included in income tax expense for the three months ended July 31, 2025 and 2024 was a net expense of $51 and $62, respectively.

The State of Illinois is currently examining tax years 2020 and 2021. The Company has no other ongoing federal or state income tax examinations. The federal statute of limitations remains open for the tax years 2021 and forward. Tax years 2020 and forward are subject to audit by state tax authorities depending on open statute of limitations waivers and the tax code of each state.