Leases (Tables)

6 Months Ended

Oct. 31, 2021

Leases [Abstract]

Components of Lease Costs and Additional Information

The components of lease costs were as follows:

	Six Months Ended
	October 31,
(in thousands)	2021		2020
Finance lease cost:
Reduction in the carrying value of right-of-use assets	$	623	$	222
Interest on lease liabilities	$	52	$	30
Operating lease cost	$	13,983	$	13,366

Additional information related to leases was as follows:

	Six Months Ended
	October 31,
(in thousands)	2021			2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	52		$	30
Operating cash flows for operating leases	$	12,798		$	12,164
Financing cash flows for financing leases	$	607		$	210
Right-of-use assets obtained in exchange for new finance lease liabilities	$	1,100		$	941
Right-of-use assets obtained in exchange for new operating lease liabilities	$	6,147		$	6,788
Weighted average remaining lease term (years)
Weighted average remaining lease term - finance leases	2.63			3.18
Weighted average remaining lease term - operating leases	6.16			7.08
Weighted average discount rate
Weighted average discount rate - finance leases	2.86		%	3.02		%
Weighted average discount rate - operating leases	3.15		%	3.31		%

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, 2021:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2022	$	12,227	$	1,195
2023	24,735		2,112
2024	22,779		1,732
2025	19,208		442
2026	18,848		109
Thereafter	41,168		—
Total lease payments	138,965		5,590
Less imputed interest	(12,994)		(203)
Total lease liability	125,971		5,387
Current maturities	(21,538)		(2,160)
Lease liability - long-term	$	104,433	$	3,227
Lease assets	$	118,283	$	9,999

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, 2021:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2022	$	12,227	$	1,195
2023	24,735		2,112
2024	22,779		1,732
2025	19,208		442
2026	18,848		109
Thereafter	41,168		—
Total lease payments	138,965		5,590
Less imputed interest	(12,994)		(203)
Total lease liability	125,971		5,387
Current maturities	(21,538)		(2,160)
Lease liability - long-term	$	104,433	$	3,227
Lease assets	$	118,283	$	9,999