Leases (Tables)

9 Months Ended

Jan. 31, 2022

Leases [Abstract]

Components of Lease Costs and Additional Information

The components of lease costs were as follows:

	Nine Months Ended
	January 31,
(in thousands)	2022		2021
Finance lease cost:
Reduction in the carrying value of right-of-use assets	$	996	$	403
Interest on lease liabilities	$	79	$	50
Operating lease cost	$	20,823	$	20,252

Additional information related to leases was as follows:

	Nine Months Ended
	January 31,
(in thousands)	2022			2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for finance leases	$	79		$	50
Operating cash flows for operating leases	$	18,345		$	18,161
Financing cash flows for financing leases	$	975		$	384
Right-of-use assets obtained in exchange for new finance lease liabilities	$	1,614		$	1,531
Right-of-use assets obtained in exchange for new operating lease liabilities	$	6,608		$	6,886
Weighted average remaining lease term (years)
Weighted average remaining lease term - finance leases	2.49			3.06
Weighted average remaining lease term - operating leases	5.96			6.89
Weighted average discount rate
Weighted average discount rate - finance leases	2.83		%	3.00		%
Weighted average discount rate - operating leases	3.14		%	3.29		%

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, 2022:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2022	$	6,738	$	632
2023	24,898		2,284
2024	22,957		1,904
2025	19,299		559
2026	18,848		120
Thereafter	41,168		7
Total lease payments	133,908		5,506
Less imputed interest	(12,052)		(188)
Total lease liability	121,856		5,318
Current maturities	(22,303)		(2,250)
Lease liability - long-term	$	99,553	$	3,068
Lease assets	$	112,874	$	9,982

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, 2022:

(in thousands)	Operating leases		Financing leases
Year ending April 30,
2022	$	6,738	$	632
2023	24,898		2,284
2024	22,957		1,904
2025	19,299		559
2026	18,848		120
Thereafter	41,168		7
Total lease payments	133,908		5,506
Less imputed interest	(12,052)		(188)
Total lease liability	121,856		5,318
Current maturities	(22,303)		(2,250)
Lease liability - long-term	$	99,553	$	3,068
Lease assets	$	112,874	$	9,982