Leases (Tables)

12 Months Ended

Apr. 30, 2020

Leases [Abstract]

Schedule of Lease Costs

The components of lease costs were as follows:

	FISCAL YEAR ENDED
(in thousands)	APRIL 30, 2020
Finance lease cost:
Reduction in the carrying value of right-of-use assets	$	2,582
Interest on lease liabilities	205
Operating lease cost	25,405

Additional information related to leases was as follows:

	FISCAL YEAR ENDED
(in thousands)	APRIL 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	205
Operating cash flows for operating leases	22,595
Financing cash flows for financing leases	2,512
Right-of-use assets obtained in exchange for new finance lease liabilities	1,650
Right-of-use assets obtained in exchange for new operating lease liabilities	72,703
Weighted average remaining lease term (years)
Weighted average remaining lease term - finance leases	3.36
Weighted average remaining lease term - operating leases	7.41
Weighted average discount rate
Weighted average discount rate - finance leases	3.19		%
Weighted average discount rate - operating leases	4.27		%

Finance Lease, Liability, Maturity

The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the consolidated balance sheet as of April 30, 2020:

FISCAL YEAR	OPERATING (in thousands)			FINANCING (in thousands)
2021	$	24,071		$	2,359
2022	20,886			1,423
2023	19,870			1,003
2024	17,977			858
2025	15,859			267
Thereafter	55,609			71
Total lease payments	154,272			5,981
Less imputed interest	(22,922		)	(294		)
Total lease liability	$	131,350		$	5,687
Current maturities	(18,896		)	(2,216		)
Lease liability - long-term	$	112,454		$	3,471
Lease assets	$	127,668		$	10,248

Lessee, Operating Lease, Liability, Maturity

The following is a reconciliation of future undiscounted cash flows to the operating and finance lease liabilities, and the related ROU assets, presented on the consolidated balance sheet as of April 30, 2020:

FISCAL YEAR	OPERATING (in thousands)			FINANCING (in thousands)
2021	$	24,071		$	2,359
2022	20,886			1,423
2023	19,870			1,003
2024	17,977			858
2025	15,859			267
Thereafter	55,609			71
Total lease payments	154,272			5,981
Less imputed interest	(22,922		)	(294		)
Total lease liability	$	131,350		$	5,687
Current maturities	(18,896		)	(2,216		)
Lease liability - long-term	$	112,454		$	3,471
Lease assets	$	127,668		$	10,248

Schedule of Future Minimum Lease Payments for Capital Leases

As we have not restated prior year information for our adoption of ASC 842, the following presents our future minimum lease payments for operating and capital leases under ASC 840 on April 30, 2019:

FISCAL YEAR	OPERATING (in thousands)		CAPITAL (in thousands)
2020	$	17,943	$	2,456
2021	17,649		1,953
2022	12,435		1,013
2023	10,636		705
2024	9,854		701
Thereafter	38,871		166
	$	107,388	$	6,994
Less amounts representing interest (2% - 6.5%)			(349		)
			$	6,645

Schedule of Future Minimum Rental Payments for Operating Leases

As we have not restated prior year information for our adoption of ASC 842, the following presents our future minimum lease payments for operating and capital leases under ASC 840 on April 30, 2019:

FISCAL YEAR	OPERATING (in thousands)		CAPITAL (in thousands)
2020	$	17,943	$	2,456
2021	17,649		1,953
2022	12,435		1,013
2023	10,636		705
2024	9,854		701
Thereafter	38,871		166
	$	107,388	$	6,994
Less amounts representing interest (2% - 6.5%)			(349		)
			$	6,645