Leases (Tables)

6 Months Ended

Oct. 31, 2020

Leases [Abstract]

Components of Lease Costs and Additional Information

The components of lease costs were as follows:

	Six Months Ended
	October 31,
(in thousands)	2020		2019
Finance lease cost:
Reduction in the carrying value of right-of-use assets	$	222	$	1,239
Interest on lease liabilities	30		105
Operating lease cost	13,366		12,768

Additional information related to leases was as follows:

	Six Months Ended
	October 31,
(in thousands)	2020			2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	30		$	105
Operating cash flows for operating leases	12,164			11,783
Financing cash flows for financing leases	210			1,203
Right-of-use assets obtained in exchange for new finance lease liabilities	941			643
Right-of-use assets obtained in exchange for new operating lease liabilities	6,788			24,178
Weighted average remaining lease term (years)
Weighted average remaining lease term - finance leases	3.18			3.36
Weighted average remaining lease term - operating leases	7.08			6.51
Weighted average discount rate
Weighted average discount rate - finance leases	3.02		%	3.20		%
Weighted average discount rate - operating leases	3.31		%	4.26		%

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 October 31, 2020:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2021	$	12,157	$	1,247
2022	21,928		1,766
2023	21,250		1,300
2024	19,345		1,001
2025	17,157		318
Thereafter	57,709		92
Total lease payments	149,546		5,724
Less imputed interest	(16,516)		(259)
Total lease liability	133,030		5,465
Current maturities	(19,519)		(2,140)
Lease liability - long-term	$	113,511	$	3,325
Lease assets	$	128,125	$	10,013

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 October 31, 2020:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2021	$	12,157	$	1,247
2022	21,928		1,766
2023	21,250		1,300
2024	19,345		1,001
2025	17,157		318
Thereafter	57,709		92
Total lease payments	149,546		5,724
Less imputed interest	(16,516)		(259)
Total lease liability	133,030		5,465
Current maturities	(19,519)		(2,140)
Lease liability - long-term	$	113,511	$	3,325
Lease assets	$	128,125	$	10,013