Leases (Tables)

3 Months Ended

Jul. 31, 2020

Leases [Abstract]

Components of Lease Costs and Additional Information

The components of lease costs were as follows:

	Three months ended
	July 31,
(in thousands)	2020		2019
Finance lease cost:
Reduction in the carrying value of right-of-use assets	$	98	$	612
Interest on lease liabilities	14		53
Operating lease cost	6,706		5,344

Additional information related to leases was as follows:

	Three months ended
	July 31,
(in thousands)	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	14		$	53
Operating cash flows for operating leases	6,142			5,109
Financing cash flows for financing leases	92			589
Right-of-use assets obtained in exchange for new finance lease liabilities	109			485
Right-of-use assets obtained in exchange for new operating lease liabilities	155			21,118
Weighted average remaining lease term (years)
Weighted average remaining lease term - finance leases	3.22			3.52
Weighted average remaining lease term - operating leases	7.33			6.71
Weighted average discount rate
Weighted average discount rate - finance leases	3.08		%	3.23		%
Weighted average discount rate - operating leases	3.54		%	4.25		%

Reconciliation of Future Undiscounted Cash Flows to Operating Lease Liabilities

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 unaudited condensed consolidated balance sheet as of July 31, 2020:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2021	$	18,080	$	1,759
2022	20,889		1,508
2023	19,870		1,041
2024	17,977		864
2025	15,859		267
Thereafter	55,609		71
Total lease payments	148,284		5,510
Less imputed interest	(17,628)		(255)
Total lease liability	$	130,656	$	5,255
Current maturities	(19,566)		(2,087)
Lease liability - long-term	$	111,090	$	3,168
Lease assets	$	126,409	$	9,782

Reconciliation of Future Undiscounted Cash Flows to Finance Lease Liabilities

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 unaudited condensed consolidated balance sheet as of July 31, 2020:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2021	$	18,080	$	1,759
2022	20,889		1,508
2023	19,870		1,041
2024	17,977		864
2025	15,859		267
Thereafter	55,609		71
Total lease payments	148,284		5,510
Less imputed interest	(17,628)		(255)
Total lease liability	$	130,656	$	5,255
Current maturities	(19,566)		(2,087)
Lease liability - long-term	$	111,090	$	3,168
Lease assets	$	126,409	$	9,782