Leases (Tables)

9 Months Ended

Jan. 31, 2021

Leases [Abstract]

Components of Lease Costs and Additional Information

The components of lease costs were as follows:

	Nine Months Ended
	January 31,
(in thousands)	2021		2020
Finance lease cost:
Reduction in the carrying value of right-of-use assets	$	403	$	1,922
Interest on lease liabilities	50		157
Operating lease cost	20,252		19,462

Additional information related to leases was as follows:

	Nine Months Ended
	January 31,
(in thousands)	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	50		$	157
Operating cash flows for operating leases	18,161			16,731
Financing cash flows for financing leases	384			1,883
Right-of-use assets obtained in exchange for new finance lease liabilities	1,531			1,399
Right-of-use assets obtained in exchange for new operating lease liabilities	6,886			29,622
Weighted average remaining lease term (years)
Weighted average remaining lease term - finance leases	3.06			3.44
Weighted average remaining lease term - operating leases	6.89			6.38
Weighted average discount rate
Weighted average discount rate - finance leases	3.00		%	3.20		%
Weighted average discount rate - operating leases	3.29		%	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 January 31, 2021:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2021	$	6,036	$	639
2022	21,984		1,966
2023	21,009		1,500
2024	19,101		1,137
2025	16,902		325
Thereafter	57,709		95
Total lease payments	142,741		5,662
Less imputed interest	(15,367)		(240)
Total lease liability	127,374		5,422
Current maturities	(18,435)		(2,044)
Lease liability - long-term	$	108,939	$	3,378
Lease assets	$	121,600	$	9,915

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 January 31, 2021:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2021	$	6,036	$	639
2022	21,984		1,966
2023	21,009		1,500
2024	19,101		1,137
2025	16,902		325
Thereafter	57,709		95
Total lease payments	142,741		5,662
Less imputed interest	(15,367)		(240)
Total lease liability	127,374		5,422
Current maturities	(18,435)		(2,044)
Lease liability - long-term	$	108,939	$	3,378
Lease assets	$	121,600	$	9,915