Leases (Tables)

3 Months Ended

Jul. 31, 2021

Leases [Abstract]

Components of Lease Costs and Additional Information

The components of lease costs were as follows:

	Three Months Ended
	July 31,
(in thousands)	2021		2020
Finance lease cost:
Reduction in the carrying value of right-of-use assets	$	287	$	98
Interest on lease liabilities	$	25	$	14
Operating lease cost	$	6,955	$	6,706

Additional information related to leases was as follows:

	Three Months Ended
	July 31,
(in thousands)	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	25		$	14
Operating cash flows for operating leases	$	6,610		$	6,142
Financing cash flows for financing leases	$	279		$	92
Right-of-use assets obtained in exchange for new finance lease liabilities	$	654		$	109
Right-of-use assets obtained in exchange for new operating lease liabilities	$	3,026		$	155
Weighted average remaining lease term (years)
Weighted average remaining lease term - finance leases	2.79			3.22
Weighted average remaining lease term - operating leases	6.39			7.33
Weighted average discount rate
Weighted average discount rate - finance leases	2.94		%	3.08		%
Weighted average discount rate - operating leases	3.19		%	3.54		%

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, 2021:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2022	$	17,969	$	1,745
2023	23,805		1,962
2024	21,817		1,579
2025	18,529		377
2026	18,296		102
Thereafter	40,956		—
Total lease payments	141,372		5,765
Less imputed interest	(13,820)		(221)
Total lease liability	127,552		5,544
Current maturities	(20,635)		(2,131)
Lease liability - long-term	$	106,917	$	3,413
Lease assets	$	120,703	$	10,087

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, 2021:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2022	$	17,969	$	1,745
2023	23,805		1,962
2024	21,817		1,579
2025	18,529		377
2026	18,296		102
Thereafter	40,956		—
Total lease payments	141,372		5,765
Less imputed interest	(13,820)		(221)
Total lease liability	127,552		5,544
Current maturities	(20,635)		(2,131)
Lease liability - long-term	$	106,917	$	3,413
Lease assets	$	120,703	$	10,087